Chinese conglomerate Wuchan Zhongda Group has launched an investigation into the disappearance of a large amount of copper purchased from Russia. writes about this Bloomberg.
According to him, the company purchased two thousand tons of refined copper from the Regional Metallurgical Company at the end of 2023, after which the goods would be sold to a local dealer for later delivery to China. As a result, the cargo turned out to be granite and reached Turkey, not China.
Wuchan Zhongda Group launched an investigation into the incident. Employees of the Chinese holding came to the Russian Federation to clarify the situation, but they could not even find out where the facility was located.
Bloomberg also notes that the international metals trading market has become consistently risky due to stories of scams.
Before that Reuters reportedG7 countries may next week issue a “stern warning” to small Chinese banks for allegedly helping Russia bypass sanctions.
Previously reportedIt was stated that an unusual show featuring Russian women would be launched for the Chinese.
What are you thinking?
Source: Gazeta
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