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
    28•4 months ago

    This is emphatically false. I knew Trump had a chance, and so did countless others. I voted for Hillary despite really disliking her because of this.

    Only idiotic democrats were overconfident enough to think he couldn’t win.

    • Flying SquidMEnglish
      10•4 months ago

      I also thought there was a good chance he could win. I hoped he wouldn’t, but I sure didn’t think it was even close to an impossibility.

      • @[email protected]English
        9•4 months ago

        As long as the Electoral College exists, there remains an almost 1 in 5 chance that the will of the American people will be overturned.

    • @[email protected]English
      6•4 months ago

      Sure, I’ll admit it. Of course I voted and encouraged anyone to, but the guy was a long time real estate con man known for not paying his vendors and for questionably complex tax avoidance. He bankrupted a casino, twice, and was known for a gold toilet. His biggest claim to fame was a huge misplaced ego. Have you listened to his speeches? How could anyone have taken his candidacy seriously, voted for him, expected him to win?

      I prefer to think of it as giving a naive amount of credit to my fellow voters. They must have been “breaking shit” out of frustration and would vote seriously in the actual election. Nope