In view of the prohibition of the Chinese Chouzhou Commercial Bank to conclude any agreements with the Russian Federation, Russian importers will not have problems with the “hanging” of goods during the Chinese New Year holidays (from February 10 to 17). This opinion was expressed in an interview with socialbites.ca.
Asset manager of the International Private Investment Fund Alexander Dushkin. He urged citizens not to panic.
“Chinese New Year is no problem as all companies plan their deliveries and payments in advance. Moreover, rumors have been circulating for two years that Chinese banks were rejecting payments. The main problem is that China’s main trading partners are still Europe and the USA, but the share of trade with them is decreasing, and the share of trade with other partners is increasing,” the expert said.
Previously lead analyst at Digital Broker Daniil Bolotskikh guess Rising prices in Russia due to the decision of the Chinese bank: the most important categories of goods imported by the Russian Federation, including equipment, will be stuck at the border. According to Bolotsky, most of the Western special equipment that could not be used due to sanctions was replaced by Chinese analogues.
More details material “Newspapers.Ru”.
Former State Duma deputy Artem Kiryanov explained Freezing of transactions of a Chinese bank with the Russian Federation.