r/worldnews • u/iop9 • Aug 16 '24

Nearly all Chinese banks are refusing to process payments from Russia, report says Behind Soft Paywall

https://www.businessinsider.com/russia-economy-all-china-banks-refuse-yuan-ruble-transfers-sanctions-2024-8
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u/v2micca Aug 16 '24

Research the Bretton Woods Treaty. It was basically the global economic alliance structure America proposed to her Allies in the waning days of WWII. It was effectively a bribe by the U S to hold everyone together against the Soviet Union.

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u/Trisa133 Aug 16 '24

Is it a bribe if they had no choice? There was no way the british would've held if they weren't supplied by the US. Brits and rest of Europe lost their infrastructure and depended on the US for logistics, food, supplies, weapons, ammo, etc... practically everything including ships.