Russian Banks Launch China Track
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Chinese bankReuters
•Business
Business & Economics
Exclusive-'China Track' bank netting system shields Russia-China trade from Western eyes

76% Informative
Russia 's trade with China hit a record $245 billion last year despite payment problems and commissions running as high as 12% .
Chinese banks had grown too cautious to do business with Russia and jeopardise ties with the U.S. The netting payments system has been set up by major sanctioned banks and involves a web of intermediaries registered in countries that Russia considers friendly.
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