The legal forced penalty plays a smaller role, the more problems are associated with voluntary restrictions.
The problem of payments through Chinese banks for Russian companies after being tightly penalized in the US has been maintained. This is stated in the Eastern Economic Forum Vice President Norilika Anton Berlin, report Reuters.
Although Putin had met twice with Xi Jinping last year, Russian officials have confirmed that difficulties in Cross -Border calculations have been removed, in fact, payments have continued to bang on banks for weeks.
“Once a new package of penalties emerges, it doesn’t matter, even if it doesn’t worry about our products, our company, Chinese banks stop for 2-3-4 weeks, they need to study the text, and payments freeze only,” Berlin (quoted by Reuters).
He added that Chinese banks also do not open a letter of credit for Russian goods.
Berlin explained that legal forced penalties play a smaller role, more problems are associated with voluntary restrictions imposed on market participants themselves.
According to him, the solution to the problem can take at least two years. To do this, it is necessary to increase the secret of international transactions in Russia or create an international payment system independent of the west.
Earlier it was reported that the Chinese Heihe Rural Commercial Bank, who fell under EU penalties, stopped receiving payments from Russia.
Remember, China refused to work with the Russian Federation suction banks.
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Source: korrespondent
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