Le banche cinesi bloccano le transazioni con le istituzioni russe sanzionate a causa delle sanzioni statunitensi

If China want’s to cooperate, good.

>Chinese banks have begun severing ties with Russian financial institutions affected by the latest round of US sanctions, reports The Moscow Times on December 3.

>According to Alexey Poroshin, CEO of First Group, most banks in China have already halted their operations with these institutions.

>This has been confirmed by Alexey Razumovsky, commercial director at Impaya Rus, who stated that several Chinese banks, including Bank of China, have blocked payments from sanctioned Russian organizations.

>Additionally, Bank of Kunlun, a bank frequently used by Russian importers for payments, has sent warnings to its clients about the suspension of payment services.

>Previously on November 21, the US Department of the Treasury has [imposed](https://united24media.com/latest-news/us-targets-gazprombank-and-russian-financial-officials-with-new-sanctions-3910) new sanctions on dozens of Russian banks, including Gazprombank, securities registrars, and financial sector officials, in an effort to restrict Russia’s access to the international financial system.

>In April 2024, several Chinese banks stopped accepting payments in yuan from Russia due to concerns over secondary sanctions imposed by the US.

>Currently, around 80% of payments in yuan are being returned to Russia. There are also reports that the Central Bank of Russia is preparing for a scenario where trading of the yuan on the Russian stock exchange may be suspended.

>Following the US Treasury Department’s decision to impose sweeping sanctions on 50 Russian banks, Russia’s ruble tumbled to 114.5 against the US dollar, [**according**](https://www.bloomberg.com/quote/USDRUB:CUR) to Bloomberg on November 27.