Amidst economic challenges, China-Russia trade relationship shifts to underground channels as major banks retreat.

Quick Summary:

Heightened risk of US sanctions has caused China's big banks to go cold on financing Russia-related transactions, trade and banking sources said

The post China-Russia Trade ‘Goes Underground’ as Big Banks Pull Back appeared first on Asia Financial.

Blinken made clear to Chinese officials “that ensuring trans-Atlantic security is a core US interest,” the spokesperson said.“If China does not address this problem, the United States will.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailandUkraineUnited States

Topics: Forex China-US Economic Ties Market Insights World Regions ESG Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-29 @ 06:56:36 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 1207 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 20819465

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