Chinese banks have begun to block payments from Russian credit institutions that have come under new sanctions from the US Treasury Department. About this reported the Russian publication The Moscow Times.
Thus, the general director of JSC "Pervaya Gruppa" stated that most banks of the People's Republic of China have already terminated relations with them.
In addition to him, the Commercial Director of the company "Impaya Rus" confirmed that such banks as Bank of China and Bank of Kunlun have already stopped working with sub-sanctioned organizations.
Bank of Kunlun, which was previously often used by Russian importers for payments, sent a warning to its customers to stop accepting payments.
In response to sanctions pressure in Russia, Chinese payment agents have stepped up, offering bypass schemes for making payments to China.
Some of these agents use "cargo" schemes, where settlements with Chinese suppliers are made according to opaque documents, and goods are imported under "gray" schemes or contraband.
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