Pretty pricey deal, that. I just wonder how long that's sustainable.

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♲ Hanse Mina - 2024-04-27 02:15:10 GMT

Russian firms' efforts to make payments for goods in #China as secondary sanctions fears spook local banks have generated a flourishing market for middlemen, four sources told Reuters, with up to half of transactions now handled by intermediaries."There are a lot of (Russian) businessmen who just go from bank to bank, opening current accounts," said one of the sources. "If their payment doesn't go through, they go to the next one."

https://www.reuters.com/business/finance/half-russias-payments-china-made-through-middlemen-sources-say-2024-04-26/

#Ukraine #Russia #US