Chinese Banks Increase Lending to Russia Amid Western Sanctions
Chinese Banks Increase Lending to Russia Amid Western Sanctions
According to Kyiv School of Economics, Chinese banks lend billions of dollars to Russia amid western sanctions.
The data suggests that four biggest banks in China have quadrupled their business exposure to Russia’s banking sector since the war in Ukraine began in February 2022.
China | Banks | Western Sanctions | Russia Ukraine War | Firstpost | World News | Latest News | Global News | International News | Trending News
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