Many Chinese banks have stopped accepting payments in yuan from the Russian Federation; this was due to the tightening of sanctions against the Russian Federation. This has been reported “News” citing sources in the business and payment market.
The publication emphasizes that, for example, Ping An Bank and Bank of Ningbo stopped accepting yuan from Russia. According to sources, DBS Bank, Great Wall West China Bank, China Zheshang Bank and a number of organizations with the participation of international capital have also stopped accepting Chinese currency from the Russian Federation. But payments between countries will not stop because there are alternatives.
According to First Group JSC General Director Alexey Poroshin, Chinese credit institutions have begun to inform customers about this and return transactions to senders. He emphasized that this issue has been on the agenda for the last two months.
Before that it was known in China. found India is on track to import a record amount of Russian oil this month, fueled by large supplies of Sokol quality, which it abandoned out of fear of US sanctions.
Previously in China appreciated situation in the real estate market.