MAJOR Russian banks have set up a netting payments system dubbed ‘China Track’ for transactions with China, aiming to reduce their visibility to Western regulators, reports Reuters. Russia’s trade with China hit a record US$245 billion last year despite payment problems and commissions running as high as 12 per cent, as Chinese banks had grown too cautious to do business with Russia and jeopardise their ties with the United States. The issue had become so important that Russian President...
https://www.seanews.com.tr/china-track-reduces-visibility-of-russia-china-trade/203180/