Alexei Potapov, deputy chairman of the board of directors of the Russian SME Bank, told RIA Novosti that some Chinese banks are returning payments from Russia for fear of secondary sanctions.
True, some banks in China, fearing secondary sanctions, refund our customers. It depends a lot on the purpose of the payment and the company making the transaction," he said.
First, the "risk group" includes transactions related to sanctioned goods. "For example: metals, computer components, etc. At the moment, we advise our clients to offer their counterparties to open ** accounts with other Chinese banks that do business with Russian banks," Potapov added.
According to him, among the bank's customers, there are entrepreneurs who have been settling in yuan at Chouzhou Commercial Bank. "However, in December last year, the situation changed. Chouzhou Commerce, having received the funds from a Russian bank, began to return them. He said.
On Wednesday, the newspaper News, citing several businessmen, wrote that China's Chouzhou Commercial Bank had notified customers of the termination of relations with any Russian or Belarusian organization. In Rosebank, RIA Novosti confirmed the bank's decision, but noted that they will not have a significant negative impact on cross-border payments in yuan.
Overseas ** official report.