- Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
- Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
- China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
Sure, I said it was one example, I just added context afterwards. I also asked for examples, not just one which has seen zero other impact except hurting the citizens.
No need to guess about what might happen, we can look at past sanctions instead.
But it has seen an impact, it resulted in the JCPOA