RUSSIAN Payments Collapse

Use code JOEBLOGS at the link below to get an exclusive 60% off an annual Incogni plan: Please Support The Channel: YouTube Membership - YouTube Super Thanks (click below) In this video I discuss the problems that Russia is now facing as a result of the increase in the Financial Sanctions that were implemented in June. Chinese Banks and Financial Institutions are now refusing to release cash payments which has resulted in Russian businesses encountering cash flow problems. In addition Chinese companies only want to make a receive payments in Chinese Yuan and this has resulted in a Liquidity Crisis in Russia and led to a huge increase in costs. For specific details please check out the CHAPTER list below. Chapters: 0:00 Intro 4:28 PAYMENT PROBLEMS 7:27 YUAN LIQUIDITY 9:27 INCREASED COSTS 11:41 CHINESE CAR IMPORTS 13:26 NORNICKEL 15:26 SUMMARY & CONCLUSION #russia #ruble #russianeconomy #gdp #rouble #ukraine #uk #pricecap #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3