A key Chinese bank used by Russian importers has stopped all settlements with Russia, setting the stage for a “logistics collapse” in the coming weeks, the…
A key Chinese bank used by Russian importers has stopped all settlements with Russia, setting the stage for a “logistics collapse” in the coming weeks, the business daily Vedomosti reported Wednesday, citing anonymous businesspeople and financial consultants familiar with the matter.
China’s Chouzhou Commercial Bank has notified its clients that it is suspending operations with Russia, the Russian business daily Vedomosti reported on Wednesday, citing financial consultants and businessmen who work with the bank.