Financial institutions are wary of Washington’s penalties for dealing with Moscow, according to MSP Bank Some Chinese banks are rejecting transactions from Russian banks on fears of being targeted by US secondary sanctions, the deputy CEO of Russia’s MSP Bank, Aleksey Potapov, revealed on Thursday, citing customers. He mentioned that some of his bank’s clients have been making payments to Chouzhou Commercial Bank in Chinese yuan. However, last December, having received money from the Russian bank, the Chinese lender began to send it back, Potapov said. “We have to admit that some Chinese banks, fearing se
Hence then, the article about chinese lenders rejecting russian payments bank executive was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Chinese lenders rejecting Russian payments – bank executive )