Do China-Russia trade payment frictions show limits of de-dollarisation?
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Source: South China Morning Post
Published: 2026-06-05 23:15 UTC+10:00
Section: United Arab Emirates
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Immigration, Asia, Europe, Iran, Ukraine/Russia, Economy & Finance, China, Trade & Sanctions, World News, Business & Economy, Asia Pacific
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Snippet:
The threat of US sanctions is slowing cross-border payments as Chinese banks tighten compliance checks and route transactions through intermediaries
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