Saturday , September 30 2023
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Chinese Bank Lending to Russia More Than Quadruples

  • Russia’s deepening isolation from the West is dramatically reshaping its economy.
  • Chinese banks have offered billions of dollars to Russia as sanctions pressure Western lenders to exit the country.
  • The volume of renminbi-backed loans has more than quadrupled as Russia seeks to move away from the dollar.

Read more on google news

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