Lemmy.zip

2,763 readers
217 users here now

Welcome to Lemmy.zip - a community for like minded people to come and have a chat about almost anything. From games to tech, to anything else, come and have a chat.

If you're new and would like to join Lemmy.zip, please fill in the sign up form. Email verification is required. (Please check your spam folder!)

Once you're signed up, come and introduce yourself in our Home community!

Useful Links

Instance Rules

To maintain the high standard of discourse and interaction we all value, each user must adhere to the guidelines outlined in our Code of Conduct. This set of rules is designed not just to maintain order but also to ensure a safe and inclusive environment for everyone to share their thoughts and ideas.

What to Expect in Our Code of Conduct:

If you enjoy reading legal stuff, you can check out legal.lemmy.zip.

Funding

If you would like to contribute to the upkeep of Lemmy.zip, please head over to OpenCollective.
Anything you're happy to donate is very highly appreciated!
You'll even get your name in the Thank You thread.

Open Collective backers

If you want to use PayPal, you can donate via Ko-Fi:

Server

Uptime

founded 1 year ago
ADMINS
Demigodrick
Sami
ZippyBot
listing: all - local
search
1
15
Bank of China halts payments with sanctioned Russian lenders, Russian media reports (www.themoscowtimes.com)
 
 

Archived link

The Russian division of the Bank of China has suspended operations with Russian lenders sanctioned by the United States in order to avoid being hit with secondary sanctions, the Kommersant business newspaper reported Monday, citing industry insiders.

The Bank of China’s Russian division — which specializes in yuan payments between Russia and China — is the second-largest Chinese banking subsidiary in the country [...]

Experts [said that this] would likely increase fraud risks given the subsequent shift to opaque intermediaries to process payments between Russian and Chinese entities.

“This is not very good news for the Russian market,” an anonymous industry insider was quoted [...]. “There will be additional costs both in time and the price of processing payments.”

"But the most important problem is that payments go beyond the banking sector, resulting in the state having less control,” the source added.

2
29
Bank of China halts payments with sanctioned Russian lenders, Russian media reports (www.themoscowtimes.com)
 
 

Archived link

The Russian division of the Bank of China has suspended operations with Russian lenders sanctioned by the United States in order to avoid being hit with secondary sanctions, the Kommersant business newspaper reported Monday, citing industry insiders.

The Bank of China’s Russian division — which specializes in yuan payments between Russia and China — is the second-largest Chinese banking subsidiary in the country [...]

Experts [said that this] would likely increase fraud risks given the subsequent shift to opaque intermediaries to process payments between Russian and Chinese entities.

“This is not very good news for the Russian market,” an anonymous industry insider was quoted [...]. “There will be additional costs both in time and the price of processing payments.”

"But the most important problem is that payments go beyond the banking sector, resulting in the state having less control,” the source added.

3
5
Bank of China halts payments with sanctioned Russian lenders, Russian media reports (www.themoscowtimes.com)
 
 

Archived link

The Russian division of the Bank of China has suspended operations with Russian lenders sanctioned by the United States in order to avoid being hit with secondary sanctions, the Kommersant business newspaper reported Monday, citing industry insiders.

The Bank of China’s Russian division — which specializes in yuan payments between Russia and China — is the second-largest Chinese banking subsidiary in the country [...]

Experts [said that this] would likely increase fraud risks given the subsequent shift to opaque intermediaries to process payments between Russian and Chinese entities.

“This is not very good news for the Russian market,” an anonymous industry insider was quoted [...]. “There will be additional costs both in time and the price of processing payments.”

"But the most important problem is that payments go beyond the banking sector, resulting in the state having less control,” the source added.

view more: next ›