Kremlin: China’s banks under &#821 • Table.Briefings

According to the Kremlin, some Chinese banks have given in to pressure from the US and EU and are no longer processing payments from Russia. The reason for this is that the United States is threatening financial institutions in third countries with secondary sanctions.

The Kremlin believes China is under „unprecedented pressure“ from the EU and the US to adopt a tough stance towards Moscow. This statement refers to the refusal of some Chinese banks to accept payments from Russia. In January, Russian business people reported payment problems with Chinese banks.

Kremlin: China’s banks under ‘unprecedented pressure’ from the US and EU

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