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> they burn billions of dollars per day in foreign exchange

Well, given the sanctions they might as well burn these dollars/euros. So maybe it's not that bad to pump their currency rate here.



They could well unload to China, though I'm not sure if that route is still open.


My understanding was that China had restricted to some degree dollar denominated trading.

So, I think they can move their yuan freely to China still, but USD and Euros are harder to move (though not impossible?) in China




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