INSUBCONTINENT EXCLUSIVE:
Russian payments for Chinese goods faced increasing delays and rising costs this past month due to stricter banking compliance in response
to United States threats of secondary sanctions, Reuters reported Friday, citing Russian sources familiar with the matter.Chinese state
However, these challenges appear to affect smaller businesses and consumer goods companies more than larger Russian commodity exporters or
both countries show a political will to maintain trade
trade between Russia and China grew by 1.6% to $137 billion in the first half of 2024
secondary sanctions in June, giving the United States Treasury Department the authority to penalize foreign banks that engage in business
with Russia.In response, Russian companies have been navigating Chinese banking compliance checks by using intermediaries in third countries
