Hong Kong Democracy Movement
https://www.reuters.com/world/asia-pacific/exclusive-russia-china-agree-30-year-gas-deal-using-new-pipeline-source-2022-02-04/
On Feb 4, #XiJingPing signed a 30-year gas deal with Putin. This happened when Putin visited #Beijing at #BeijingOlympic2022. This explains the relationship between #CCP & Russia & the financial backup #Putin is able to receive during #UkraineWar.
The deal will be settled in Euro. The only way #CCP is able to pay Russia is to use the banking system in #HongKong. Because Russia is now sanctioned & not able to use SWIFT, this will also put HK Dollar at risk.
The deal will be settled in Euro. The only way #CCP is able to pay Russia is to use the banking system in #HongKong. Because Russia is now sanctioned & not able to use SWIFT, this will also put HK Dollar at risk.