Trade complications. Some Chinese banks are placing restrictions on local suppliers that work with Russian partners, according to a report by Russia’s Vedomosti newspaper. The banks are apparently blocking Chinese suppliers that work with Russian importers from opening accounts if the supplier tries to do so outside the province in which they are based. Because […]
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Daily Memo: China-Russia Trade, Iranian Support for Armenia
Chinese banks are adopting new measures to avoid incurring secondary Western sanctions.
