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Russia payment hurdles with China partners intensify - The Daily Star

Retrieved on: 2024-09-01 18:16:45

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Summary

The article discusses the impact of international sanctions on business transactions between Russian companies and Chinese banks. Owing to Western-imposed secondary sanctions, Chinese banks have tightened compliance, significantly delaying payments and increasing transaction costs, despite strong trade relations between China and Russia.

Article found on: www.thedailystar.net

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