Chinese banks have begun to return payments from Russia for goods already delivered
Russian businesses have encountered a new problem when paying for goods from China.
Some Chinese banks have begun to return payments for goods already delivered to Russian recipients.
Importers from the Russian Federation have been faced with the return of yuan payments by Chinese banks for goods received and cleared through customs, writes Vedomosti .
In some cases, customs clearance does occur, and the parties to the transaction agree on alternative payment methods.
What is the problem with payments?
Russian businesses have been experiencing problems with payments for Chinese goods for the past six months.
This happened after the West tightened sanctions against the Russian Federation.
Chinese banks, fearing secondary restrictions from the US, do not want to work with the yuan from Russia, calling it dirty.
