The Russian subsidiary of the Bank of China has suspended payments from Russian banks that are on the U.S. sanctions list as of June 24. The suspension affects transactions in yuan. The Bank of China will continue operations with non-sanctioned Russian banks. The subsidiary is the second largest in terms of assets among Chinese bank subsidiaries in the Russian market. The state-controlled media outlet Kommersant reported the suspension, citing unnamed sources.
Bank of 🇨🇳#China will stop processing payments in #yuan from 🇷🇺#Russian banks on the 🇺🇸#US SDN List as of June 24 https://t.co/zXyPchawfC
⚡️The Russian subsidiary of the Chinese state-run Bank of China has stopped accepting payments from Russian banks, the state-controlled media outlet Kommersant reported on June 24, citing unnamed sources. https://t.co/yNwPmFb0Qk
🇨🇳🇷🇺 Bank of China from June 24 stops processing payments in yuan from Russian banks in the SDN List of the USA. Bank of China, a Russian subsidiary of the Chinese Bank of China, whose settlement business is focused on payments in yuan between the Russian Federation and China,… https://t.co/9OlXgPZRtK
The Russian subsidiary of China's Bank of China has suspended all transactions with Russian banks that have fallen under U.S. sanctions since June 24. In the Russian market, the Bank of China subsidiary is the second largest in terms of assets among subsidiaries of Chinese… https://t.co/BSdNvZFZ5y
The Russian subsidiary of the Bank of China has suspended operations with sanctioned Russian banks. It says it will continue operations with non sanctioned Russian banks. The bank deals with yuan payments between Russian and China. https://t.co/dp6s2TnboJ
Bank of China to suspend payments from Russian banks that are on US sanctions lists https://t.co/UKqPIE1IoZ