Central Bank of Russian Federation claims Chinese banks unofficially support European sanctions against Moscow

 

Russia, Moscow: The head of the Central Bank of Russian Federation in China, Vladimir Danilov has claimed that Chinese banks are unofficially supporting European and American sanctions against Russia.

According to Lenta.ru online newspaper, Vladimir Danilov blamed Chinese banking system for refusing to cooperate with the enterprises that were under sanctions by the American and European banking systems. He said that this is first time that Chinese banks are shy to work with Russian companies which are under sanctions from America and European Union.

Central Bank of Russian Federation claims Chinese banks unofficially support European sanctions against Moscow
Central Bank of Russian Federation claims Chinese banks unofficially support European sanctions against Moscow

“There are problems associated with an expanded interpretation by a number of Chinese banks of restrictive measures of third countries in relation to Russia. Commercial banks of China often refer to the sanctions of EU countries and the US, cited as a reason for refusing to service payments to customers of Russian banks, which have no basis, “Lenta.ru reports.

According to Vladimir Danilov, financial opportunities allow China to ignore American sanctions against Russia in past but now Chinese banks are following the course of European instructions for unknown reasons.

Vladimir Danilov  is the Representative Office (official Head of China region) of the Central Bank of the Russian Federation (the Bank of Russia) in the People’s Republic of China in Beijing.

It is pertinent to mention that US Assistant Secretary of State Maneesha Singh announced intention to impose new sanctions on Russia over Ukraine crises.

Russian and China are currently engage in largest military exercises in Eastern borders of Russia. Military exercises Vostok 2018 (восток 2018) are in process in bordering areas of China, Mongolia and Russia.

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