Thursday, 3 March 2022

Russian cos rush to open Chinese bank accounts

The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country's businesses struggle with international sanctions after its invasion of Ukraine.

from Times of India https://timesofindia.indiatimes.com/business/international-business/russian-firms-rush-to-open-chinese-bank-accounts-as-sanctions-bite-report/articleshow/89967572.cms
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