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Chinese Banks Lend Billions to Russia Amid Western Sanctions: FT

Chinese Banks Lend Billions to Russia Amid Western Sanctions: FT
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Chinese banks lend billions to Russia amid western sanctions

Since Moscow’s invasion of Ukraine in February 2022, western regulators have cracked down on Russia by imposing sanctions and urging banking institutions to pull back on operations in the country. Chinese lenders are now filling the gap, the newspaper said.

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Chinese banks lend billions of dollars to Russia amid western sanctions

Chinese banks lend billions of dollars to Russia amid western sanctions
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Russia-Ukraine war: Chinese lenders extend billions of dollars to Russian banks

The moves by four of China’s biggest banks are part of Beijing’s efforts to promote the renminbi as an alternative global currency to the dollar.

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China's Largest Banks Extend Billions To Russia As Western Lenders Exit

China's Largest Banks Extend Billions To Russia As Western Lenders Exit
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

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