Published 18:43 IST, July 25th 2024
Russia, China turn to digital payments as sanctions hamper bilateral trade settlements
The dwindling pool of banks in China willing to risk possible sanctions retribution has caused payment bottlenecks.
![US to impose sanctions on banks of China](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/rimages/economic-sanctions-against-russia-financial-restrictions-due-ukrainian-war-global-bans-international-money-transfers-businesselement-image-provided-by-nasa165545-1913-171544211506516_9.webp)
US to impose sanctions on banks of China | Image:
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18:43 IST, July 25th 2024