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Chinese banks massively block payments by Russian companies for electronics

Natasha Kumar By Natasha Kumar Apr13,2024

Banks China massively blocks payments by Russian companies for electronics

Chinese  banks have started blocking payments from Russian companies for components for assembling electronics, including parts for servers, data storage systems and laptops. This was reported by the “Information Resistance” group. in its Telegram channel.

Since the end of March, Chinese partners have started sending letters to domestic electronics manufacturers informing them that payments from Russian legal entities do not go through Chinese banks.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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