Chinese State Banks Off-Load Russia Assets in Blow to Putin: Report Concern over secondary sanctions have spurred China's two largest subsidiary banks in Russia to cut their assets, a report says. 09/7/2024 - 5:33 am | View Link
Russian Banks Resort to Paper Receipts Over China Trade Hurdles Russian banks are now asking local importers for receipts confirming their payments to Chinese business partners were approved by banks in the East Asian country, according to local media. The ... 09/3/2024 - 6:27 am | View Link
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says The US Treasury and State Department recently announced fresh restrictions against 400 people and entities supporting Russia's war efforts in Ukraine. 08/29/2024 - 7:41 pm | View Link
Russian central bank sees imports falling in 2024, crimped by Western sanctions MOSCOW (Reuters) -Russian imports will fall in 2024, hit by problems with cross-border payments and logistical difficulties linked to Western sanctions, the central bank said in a draft of its ... 08/28/2024 - 11:49 pm | View Link
Russian businesses are locked out of billions as payment issues reportedly pile up abroad Russian businesses are being shut out on billions as payment issues and delays are piling up abroad. Russia's foreign financial assets have grown $45 billion so far this year, per central bank ... 08/15/2024 - 2:35 am | View Link