Half of Russia-China payments conducted via third parties – Reuters ...News

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Half of Russia-China payments conducted via third parties – Reuters
source : Russia Today ( News ) () 156
Market for middlemen is reportedly flourishing amid US threat of sanctions against Chinese banks Up to half of transactions between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters reported on Friday, citing trade consultants and bankers, as well as importers and exporters. In December, US President Joe Biden signed an executive order that takes additional steps against facilitating transactions with Russia. At the time, the US Treasury was calling on foreign banks to boost compliance with anti-Russia sanctions. In March, n

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