The key to resolving the situation in payments between China and Russia may be the creation of a secure payment system. About this publication “To hit the primer” – said Vitaly Mankevich, President of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE).
Mankiewicz noted that schemes involving third countries were initially unreliable, with Chinese banks wary of transfers where money comes from one country and goods are sent to another.
“The situation will remain difficult until Moscow and Beijing establish a fully-fledged, secure payment system with a sufficient number of tools,” Mankiewicz said.
The head of the Russian Union of Industrialists and Entrepreneurs attributed the difficulties in payments made through the UAE to the increase in pressure from the US sanctions. He stressed that Emirates provides its services as long as the benefits outweigh the risks, but now the tightening of controls can happen at any time.
Before this, it was known that the PRC. in the name The US’s new illegal and unilateral sanctions on Chinese companies allegedly cooperating with Russia. Special Representative Li Hui stressed that these measures are not based on facts and reflect Washington’s selfish interests.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.