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China’s Top Banks Deal Painful Blow to Russia
Aggregated Source: ChinaLegalBlog.com

More Chinese banking giants have restricted transactions from Russia, dealing a blow to an already isolated Moscow.

The world’s third-largest bank by market capitalization, the Industrial and Commercial Bank of China (ICBC), and three other top lenders have stopped accepting virtually all payments from Russia in order to dodge U.S.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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