12:30 - 5.03.2022
March 5, Fineko/abc.az. 300 Russian companies, with which SWIFT operations with EU banks have been suspended, began opening accounts with Chinese banks in Moscow.
ABC.AZ reports that Russian companies have started violating the embargo on Chinese banks.
Thus, as a result of the fact that the EU countries excluded the 7 largest Russian banks together with the Central Bank of Russia from the international money transfer system (SWIFT) led to the beginning of economic cooperation between Russia and China.
Many companies of Russian origin that are trying to open accounts in Chinese banks have begun to violate the embargo in this way.
Sources who reported that 200-300 companies have recently contacted them to open new accounts, noted that Russian companies expect an increase in payment demand in Chinese yuans.
