Challenges in Russian-China Trade Relations: Impact on Car Imports
Wednesday, 10 July 2024, 15:17
Challenges in Russian-China Trade Relations
Payment Issues and U.S. Sanctions
- Payment problems: Threaten Russian imports of Chinese cars.
- Sanctions impact: Disrupt trade relations between Russia and China.
The head of Russia's car dealers' association expressed concerns over the challenges arising from U.S. sanctions affecting payments for Chinese car imports.
Moscow and Beijing are exploring options, including using smaller Chinese banks, to mitigate payment delays and avoid potential secondary sanctions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.