Almost all Chinese banks, even small regional ones, are refusing to accept direct transactions from Russia, business execs have told Russian media.

The impact of the West’s sanctions just seems to be getting worse and worse for Russia.

Now, 98% of Chinese banks — even small regional ones — are refusing to accept direct Chinese payment transfers from Russia, Alexey Razumovsky, the commercial director of the payments company Impaya Rus, told the pro-Kremlin media outlet Izvestia.

Such issues appear to have intensified over the past three weeks, as smaller Chinese financial companies were still processing Russian payments in May and June, Izvestia reported.

Last month, the Russian outlet Kommersant reported that about 80% of bank transfers made in the Chinese yuan were bouncing back with no explanation after being stalled for weeks while banks decided whether they could transact.

Razumovsky told Izvestia the payment challenges with Chinese banks could contribute to supply-chain difficulties and inflation in Russia.

  • @[email protected]English
    13•4 months ago

    I’m honestly quite concerned that his cronies might actually succeed in stealing the election this time around.

    They learned from their mistakes.

    • @[email protected]English
      5•4 months ago

      Last time, Donnie was at the helm, knew it was coming, and deliberately did and did not make certain phone calls that day.

      This time, the opposition will be at the helm. And this time, we are expecting it.

      If “what they learned” didn’t include diet and exercise (it didn’t), I’m honestly not too worried about how it’ll turn out.