Some Chinese banks have stopped accepting payments from Russia in yuan due to the fear of secondary sanctions
Customers of Chinese banks have started to receive notifications that they do not accept payments in yuan, their transfers are returned back.
Ping An Bank and Bank of Ningbo, ranked 13th and 15th in capitalization, as well as Great Wall West China, Dongguan Rural Commercial, China Guangfa, Kunshan Rural Commercial, Shenzhen Rural Commercial and China Zheshang are among the rejected banks.
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