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China deals major blow to Russian economy

Por: Newsweek World January 16, 2024

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China's state-owned banks are tightening curbs on funding to Russian clients as they fear being subjected to secondary sanctions from the U.S., according to a Tuesday report by Bloomberg.At least two banks have ordered a review of their Russian businesses in recent weeks and plan to sever ties with clients on the U.S. sanction list. The banks will also stop providing financial services to the Russian military sector, according to sources... + full article



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