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DeepNewz, mobile.
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Chinese banks tighten financial noose around Russia https://t.co/I5M07ZSG5m https://t.co/JxZiQvGOCe
Large Chinese banks have stopped accepting Russian companies' payments in yuans. Chinese banks with western ownership had already done so in 2022. https://t.co/j7j4yGqCxe
⚡️Several Chinese banks have ceased accepting payments from Russia in Chinese yuan due to the fear of secondary sanctions, Russian state media reported.
Several Chinese banks have stopped accepting payments from Russia in Chinese yuan due to the fear of secondary sanctions. This move comes as Russia increasingly turns to China for economic help, with customers of Chinese banks receiving notifications that payments in yuan are not accepted.
