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> The idea that Russia is holding a gun to China's head just doesn't make sense. You are absolutely right, because it is the other way around. China doesn't wa
by SergeAx 4y ago
> The idea that Russia is holding a gun to China's head just doesn't make sense.
You are absolutely right, because it is the other way around. China doesn't want to have problem with US and EU for dealing with Russia in USD or EUR, so it demands Russia to trade in yuans. Russia is therefore forced to sell its' oil and gas for yuans for the price set by China. The only leverage out of that situation is to trade with India and Turkey in rupees and liras, but India and Turkey can't offer lots of goods only China can.