this post was submitted on 16 Aug 2024

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Nearly all Chinese banks are refusing to process payments from Russia, report says (www.msn.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 1 month ago (1 children)

Then this sounds like fantastic progress!

[–] [email protected] 0 points 1 month ago

It is and it is actually even worse for Russia, as it is not just Chinese, but also Central Asian banks. That makes migrating to Russia for work even worse for them. Russia already has labor shortages, so this will bite badly.