Shocking revelations! China, the United States and Russia are engaged in a shocking sanctions contest around Russia, and the most surprising thing is that China's three major banks have stopped accepting payments from Russia. This new development has caused an uproar in the international financial market, and what is the reason for China's such a move has attracted the attention of the world.
Recently, Russia's assertive rise in the military field has caused great concern in the United States and Western countries. After Navalny's death, the White House spokesman announced that it would impose tougher sanctions on Russia, and the European Union quickly followed suit, announcing the 13th round of sanctions against Russia, banning 193 entities and individuals from traveling and doing business in Europe.
However, the situation quickly escalated, and China's three major banks, Industrial and Commercial Bank of China, China Construction Bank and Bank of China, suddenly announced that they would suspend payments from sanctioned financial institutions in Russia! What was the reason for this unexpected move that led this important global partner to make such a bold decision at this critical juncture?
*According to the news, this decision of Bank of China is mainly based on the consideration of business interests and risk control. Fearing that doing business with sanctioned Russian institutions could lead to secondary U.S. sanctions, China's three major banks have had to choose a hedge on the commercial level. Considering that these banks also have operations in the US and European markets, this business decision is more frustrating than political.
This shocking news has attracted widespread attention from the international community, especially from the Russian side. In the face of this decision, Russian Deputy Minister Rudenko expressed his understanding and stressed that Russia believes that the settlement issue between China and Russia will be solved. It also shows that Russia still trusts China, and such a response underscores that Sino-Russian friendship and cooperation will not be too disrupted by fluctuations in the financial sector.
However, this incident also reminds us that the United States and Western countries are still dominant in the international financial market, which has brought certain pressure to Sino-Russian cooperation. At this time, we need to redouble our efforts to promote the internationalization of the renminbi and establish a more neutral and reasonable monetary system. This is not only related to the future of Sino-Russian cooperation, but also to the overall development of the third world.
In this international game, China's determination and wisdom will be decisive. We look forward to the future of China-Russia friendship and cooperation in the face of this financial turmoil and make greater contributions to the multipolarization of the global economy. News is still developing, let us pay attention to it and witness the development of history! The friendship between China and Russia is unbreakable in the financial situation and the international game