China Banks Tighten Curbs on Russia After US Sanctions Order
China Banks Tighten Curbs on Russia After US Sanctions Order
www.bloomberg.com China Banks Tighten Curbs on Russia After US Sanctions Order
China’s state-owned banks are tightening curbs on funding to Russian clients after the US authorized secondary sanctions on overseas financial firms that aid Moscow’s war effort in Ukraine, people familiar with the matter said.
Chinese and Turkish banks are in the news for tightening curbs or severing ties with Russian banks in response to US authorization of secondary sanctions on overseas financial firms that aid Moscow’s war effort.