Major Chinese banks have begun restricting the use of company accounts if their legal address matches the address of sanctioned organizations.
Even unsanctioned organizations are subject to blocking.
A number of addresses in Hong Kong, Turkey and Russia have been added to the blacklist of Chinese banks, RBC emphasizes.
Banks use automated systems that flag companies as "suspicious", in which case restrictions are placed on transactions or the account is blocked.
Banking restrictions are explained by international practice.
If the company is registered at the same address as a sanctioned person, it will be necessary to check whether it is connected with him.
Experts say the practice of restricting unsanctioned companies based on their address is becoming widespread.
For reference
International legal sanctions are collective or unilateral coercive measures applied to a violating state.
