Vedomosti: Chinese bank Chouzhou Commercial has stopped settlements with Russia
The Chinese bank Chouzhou Commercial informed clients about the suspension of transactions with Russia and Belarus. About it write Vedomosti with reference to sources among financial consultants, businessmen, and business associations.
The credit institution suspended settlements with Moscow, regardless of the payment system. Operations have been stopped in the case of both SWIFT and the Russian SPFS, as well as the Chinese CIPS.
“Even if the movement of money through national systems is not visible to Americans or Europeans, all this is clearly reflected in the reporting that Western counterparties may require from the bank,” noted one of the informants.
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