• 11/26/2024

US sanction threats against Chinese banks over Russia trade ties risk ‘gargantuan’ financial instability

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Reports suggest US has discussed sanctions on some Chinese banks over their trade with Russia, but analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade.

https://www.scmp.com/economy/global-economy/article/3260216/us-sanction-threats-against-chinese-banks-over-russia-trade-ties-risk-gargantuan-financial?utm_source=rss_feed