Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims
Yuan benefiting from sanctions on Russia – tycoon
© Getty Images / Bloomberg Creative
The share of Chinese yuan in global payments has nearly doubled because of the sanctions policies pursued by the US and the EU, Russian businessman Oleg Deripaska said on Wednesday.
The aluminum magnate referred to a report in the Financial Times, which cited figures showing that global settlements carried out in the Chinese currency had gone from 1.9% in January 2023 to 3.6% in October.
“The number of worldwide transactions made in Chinese yuan has doubled over the past year, highlighting the extreme success of European and American sanctions policies,” Deripaska said in a sarcastic remark on his Telegram channel.
The billionaire added that volumes of cross-border trade payments in Chinese yuan would exceed those made in euro within just four years.
“And at this point the sanctions can be considered a finished exercise,” he added......more
https://www.rt.com/business/588608-deripaska-sanctions-yuan-transactions-growth/
All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Sun Tzu, The Art of War
The Empire of Chaos is relentless. Lawfare, destabilizations, sanctions, kidnappings, color revolutions, false flags, annexations: 2025 will be the year of BRICS – plus BRICS partners – as choice targets under fire.
Inestimable Prof. Michael Hudson coined “chaos” as official US policy. That’s bipartisan – and it runs across all silos of the Deep State.
In the absence of long-term strategic vision, and amidst the progressive imperial expulsion from Eurasia, all that’s left for the Hegemon is to unleash chaos from West Asia to Europe and parts of Latin America – a concerted attempt to Divide and Rule BRICS and thwart their collective drive affirming sovereignty and the primacy of national ...
While NATO may be yearning to take on Russia in the Arctic, many of its troops lack the necessary expertise for survival in such extreme conditions.
Although NATO forces regularly participate in drills in the region, many remain unprepared for the harsh realities of Arctic life.
Though NATO forces routinely participate in the bloc’s drills in the region, many of them are still not prepared to survive in the Arctic’s harsh conditions, The Sun reports citing Minna Alander, a researcher at the Finnish Institute of International Affairs.
"Not all NATO allies have the capabilities that are needed and that work in the Arctic environment and climate,” Alander said.....more below
