well, Iran is a rich country and it appears now that they have more friends than NATO thought. because of Russia and China so their economy might not be affected by the sanctions these days. same as Russia being sanctioned, they are still strong economically. in terms of their firepower, they are the source of Russia that made Russia have the upper hand against Ukraine.
what i notice is that these skirmishes and provocations are used to manipulate BTC price, you think?
Therefore, fearing secondary sanctions, large Chinese banks actually stopped accepting payments from Russia. Problems with transactions began at the end of 2023, when the US expanded its secondary sanctions mechanism. After this, Russian companies had difficulties with transfers to China in dollars, and at the beginning of 2024, Chinese banks began to block receipts in yuan. In January, transactions in Chinese currency were limited by PingAn Bank and Bank of Nongbo (the country's 13th and 15th banks by capitalization) and several other financial institutions. However, over time, the list of banks from China that refuse to accept payments in yuan from Russia has expanded.
In March, the largest Chinese bank ICBC, as well as China Citic Bank, Industrial Bank, Bank of Taizhou and Bank of China stopped processing most transfers from the Russian Federation.
Several large Chinese banks, including Bank of China (the fourth largest in terms of assets among Chinese banks) and Great Wall West China Bank, when accepting payments from Russia, began to request information about whether they are connected with the “LPR”, “DPR”, the occupied Russia Crimea, Iran, North Korea, Cuba and Syria or with the armed forces and defense industry of Russia. Chinese banks began requesting such information around the beginning of the year, even if the payment comes not from Russia, but from third countries. The payment currency does not affect the situation.
Some Chinese banks also face the threat of being disconnected from the global financial system for helping Russia circumvent sanctions, and they are unlikely to ignore this threat in order to maintain friendly relations with Russia.