Stories Related to Russia, China Turn To Digital Payments As Sanctions Hamper Bilateral Trade Settlements

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Thu, 07/25/2024 - 6:11am

Russia, China turn to digital payments as sanctions hamper bilateral trade settlements

Sections: u.s.

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VLADIVOSTOK, Russia, Sept 3 (Reuters) - Digital ... U.S. sanctions on Chinese banks that facilitate trade with Russia deters larger lenders. Until last year, Qifa's primary focus was the import of ...
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Some Chinese banks are turning to document couriers to evade sanctions on Russia and keep trade moving: Reuters
Smaller local Chinese banks are overlooking US sanctions to process payments with Russia because they do not have global businesses to worry about.
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Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
The West's sanctions ... digital assets, as they are being increasingly used to settle international payments. Going back to barter trade If all else fails, there's also the age-old method of barter ...
08/31/2024 - 1:00 pm | View Link
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