Posted 3/21/2024, 10:52:55 AM
China Faces Western Pressure Over Russia Trade and Payments
- China facing unprecedented US, EU pressure over Russia payments and trade, says Kremlin
- Some Chinese banks refusing or restricting payments from Russia in Chinese currency
- China major trade partner for Russia as it shifts away from Europe after Ukraine invasion sanctions
- Kremlin admits banking issues causing problems but says Russia-China trade will continue
- Russia top oil exporter to China as Europe trade shrinks under sanctions