China’s Small Banks Face Scrutiny Over Russian War Support at G7 ...Middle East

With Western officials looking to hamper Beijing's support for a Russian economy reoriented around the war in Ukraine, China’s smaller banks have emerged as a new target. How to deal with the small Chinese financial institutions that are helping Moscow evade Western sanctions will be a top agenda item at the Group of Seven (G7) summit in Italy on June 13-15. U.S. officials have said that going after booming Chinese-Russian trade -- particularly the supply of nonlethal but militarily applicable dual-use products -- is a priority. “We…

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