Russian firms' efforts to make payments for goods in China as secondary sanctions fears spook local banks have generated a flourishing market for middlemen, four sources told Reuters, with up to half of transactions now handled by intermediaries. The U.S. Treasury has warned it could apply sanctions on those facilitating transactions with Russia, calling on foreign banks to boost compliance.
Russian firms efforts to
make payments for goods in China as secondary sanctions fears
spook local banks have generated a flourishing market for
middlemen, four sources told Reuters, with up to half.
Russia s second-largest bank VTB reported a 17% drop in first-quarter net profit to 122.4 billion roubles , CFO Dmitry Pyanov said, but expects to make record profits in 2024 as net fee and.
Russian President Vladimir
Putin has reminded prosecutors that seizing assets and turning
them over to state ownership is only justified in cases where
failing to act might jeopardise Russia s.
Putin Urges Restraint in State Seizure of Assets usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.