Ukraine-China diplomacy; Chinese banks eye Swift bans and tech giants wary after Russia’s move
About Asia
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I Am the Number One Target
The russian government has 600 y billion us. Dollars of reserves held in various currencies, half of which are held in the g seven. Half of that is now unavailable to them because european entities have been banned from doing transactions with the central bank. Germany showed that it can move much more quickly than anybody ever anticipated and there are lessons for china.
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