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Chinese state banks off-load Russia assets in blow to Putin: Report

Por: Newsweek World September 07, 2024

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Chinese banks have reportedly reduced their assets in Russia as sanctions against Moscow over President Vladimir Putin's full-scale invasion of Ukraine continue to complicate trade between the economic allies.Russian business outlet Frank Media reported that in the second quarter of 2024, Bank of China decreased its assets in Russia by 37 percent, to 355.9 billion rubles ($3.9 billion).Industrial and Commercial Bank of China cut its assets... + full article



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