China Blocks Payments from Russian Banks on New US Sanctions List

03.12.2024 18:45

Chinese banks are restricting work with Russian credit institutions on the new US sanctions list.

Most Chinese organizations have suspended work with Russian banks.

The largest Bank of China has stopped accepting payments due to fears of secondary restrictions from Washington, the Izvestia article emphasizes.

According to the commercial director of the company "Impaya Rus" Alexey Razumovsky, the first blockages are visible.

Entrepreneurs and exporters also report refusals to accept money from Russian banks.

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Photo: Pixabay

Chinese banks are essentially openly announcing the cessation of accepting payments from Russian banks under sanctions by sending out warnings.

Experts predict that the situation will not improve with Trump's arrival in the White House.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources