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Sun, 04/28/2024 - 4:22pm

Exclusive-China firms go 'underground' on Russia payments as banks pull back

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Global powers are helping Ukraine by giving it money frozen from Russia. That spells bad news for companies still doing business there.
Companies that stayed in Russia after its 2022 invasion of Ukraine may have their assets seized if the West uses Russia's frozen funds.
06/3/2024 - 2:13 am | View Link
Russia Suffers Punishing Fees to Trade with China: Report
Chinese banks are reportedly relying on underground networks for Russian payments as major financial institutions turn their backs to avoid U.S. sanctions.
05/23/2024 - 11:52 pm | View Link
Russia says secondary sanctions are hurting export revenues, oil payments
Expanded sanctions on Russia and enhanced pressure on countries that Moscow considers friendly are hurting Russian firms' export revenues and creating oil payment issues, the Bank of Russia said on ...
05/23/2024 - 11:34 pm | View Link
Exclusive-China firms go 'underground' on Russia payments as banks pull back
As China's big banks pull back from financing Russia-related transactions, some Chinese companies are turning to small banks on the border and underground ... said firms exporting heavy equipment face ...
04/28/2024 - 1:00 pm | View Link
Exclusive-China firms go 'underground' on Russia payments as banks pull back
as big banks now take months rather than days to clear payments from Russia, forcing him to tap unorthodox payment channels or shrink his business. GOING 'UNDERGROUND' A manager at a large state ...
04/28/2024 - 12:29 pm | View Link
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