Chinese banks

Chinese banks crack down on Russia-linked transactions

Chinese banks are increasing their scrutiny on payments originating from India, the UAE, and Hong Kong in an effort to detect any potential connections to Russia, The Moscow Times reported on Nov. 21.

23 November 2024, 04:45 PM

U.S. secondary sanctions trigger wave of Russian account freezes in Chinese banks

Russian companies are facing a significant increase in the blocking of their accounts in Chinese banks due to matching legal addresses with sanctioned organizations, Ukrainian business news outlet Liga.net reported on Nov. 19.

20 November 2024, 10:14 AM

Yuan liquidity in Russia dries up as Chinese banks halt transfers

Chinese banks are growing increasingly wary of indirect involvement in financing Russia’s military efforts due to expanded U.S. sanctions announced in June, Bloomberg reported on Aug.13.

14 August 2024, 10:58 AM

Chinese banks