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Reuters

Reuters

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Business & Economics

Exclusive-'China Track' bank netting system shields Russia-China trade from Western eyes

Reuters
Summary
Nutrition label

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.

VR Score

88

Informative language

95

Neutral language

26

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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