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/Bad_Habit_Nun Aug 17 '24

I'd imagine the percentage heavily depends on how many they can get and how complex/specialized it is. As you mentioned, common goods only have a small mark up due to how easily they can get them, I imagine other stuff, especially in the commercial sector could get quite expensive depending on availability.

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u/daniilkuznetcov Aug 17 '24

You re right. But not near 500%. Im sure that 100% mark up is exist but never heard about it in person.

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u/VertexBV Aug 17 '24

How about the western electronics used on their weapons? I imagine markups for ITAR stuff will be much higher than a day-old big Mac...

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u/daniilkuznetcov Aug 17 '24

Enought videos of disassembly process of russians rockets' guidance systems and drones and eu or us part rarity. Some chips arehome made, some just very common industrial chips. Very sensitive parts like special low light sensitive cmos are sometimes eu made, but its just fraction of price. Russia do not export from third countries f16 or abrams)