The Big Seven (G7) plan to send a new stern warning next week to small Chinese banks to stop all trade and economic ties with Russia. This was reported by Reuters with reference to sources.
US officials insist on this measure, in particular. It is expected that the threat of growing trade turnover between Russia and China will become one of the main topics at the G7 summit in Italy. Representatives of the United States are trying to convince their colleagues in the alliance of the need to take tougher measures against small Chinese banks that continue to service transactions involving Russia.
At the same time, a number of G7 member countries oppose the introduction of tough measures against the largest financial organizations from the PRC. This is, in particular, about the reluctance of the representatives of Great Britain, Canada, France, Germany, Italy and Japan to limit the access of the banks of Asian countries to the SWIFT system or disconnect them from the global dollar financial system. However, the possibility of such measures can be discussed for small Chinese banks.
Comments