Seems like Russsia is moving towards restoring banking secrecy. This was published in one of the main news outlets

[uplana]

That's a very good question, I would like to know that too please.

this I⁣ can work with actually. How can we make it happen ?

 

[countryfree]

Yes, there's currency control, so you have to plan, and that takes time...︅ Cost of transaction may also be substantial. Also, from my experience, Russia is for Russians.︆ As I'm not Russian, I would never feel comfortable having my money in that country.︇

 

[csp dubai]

ok but i not think for some one not is russia is so easy to‌ info about you , i personallly have account in belarus in priorbank, no crs, and‍ i am sure is quite difficult to get any info out , even for them⁠ is b not so easy access their crm

 

[uplana]

I agree. Russia seems to be the only country in this entire world that have the⁤ balls to go against the EU and USA - we need such countries, why China⁣ isn't following Russia a little more.

 

[EuroKiss]

They need a⁠ strong dollar to keep the yuan low - otherwise all their economical strategy will collapse.⁤

 

[csp dubai]

china export too much to us , but how long ? soon the usd will‌ be toilet paper, anybody has news more on this russian law?

 

[EuroKiss]

China subsides the dollar hence the American financial Ponzi schema. They can take‍ the carpet out from the Uncle Sam feet whenever they want, but they would damage⁠ their own export capacity. They could switch to some crypto in spite of dollar, but⁤ again they are not willing to emasculate their major customer.
In the case of Russia,⁣ they can simply switch to any other currency including their own, and if they obligate⁢ oil and gas customers to pay in rubles they could get a very strong currency︀ - but again, they would be affected in the military export, a Sukhoi or a︁ Mig are way cheaper than a Rafal or an F-35.