Russia is completely losing its economic sovereignty.

The Russian branch of the Bank of China has stopped processing dollar and euro payments in Sino-Russian trade.

Russian exporters have already sounded the alarm, claiming that the volume of Russian imports and exports will fall by 10%-25% in the next six months due to the inability to pay for foreign trade transactions in dollars and euros.

This could lead to deficits in key import areas, slowing investment activity.

Imports will then become more expensive, with prices jumping by 20-30%.

Experts emphasize that China's foreign exchange transactions with Russia are likely to deteriorate due to concerns about further sanctions, and in fact this risk has now gone from hypothetical to real.

China's large banks are likely to avoid any interaction with the Moscow Exchange, NCC and NSD, as they have limited experience in currency integration without sanctions#欧洲杯开赛 #CRV #美联储连续第七次维持基准利率不变 #ZKsync空投争议 #币安合约锦标赛 $ETH