What is the Impact of the New US Sanctions Against Russian Financial Institutions in China?
Category: Industry Trends
Date: Recently, the US Department of the Treasury announced a series of new sanctions against Russia, including economic sanctions on five Russian financial institutions in China. This news has attracted widespread attention in the international financial market, especially for foreign - funded banks operating in China, especially a foreign - funded bank in Shanghai - VTB BANK PJSC SHANGHAI BRANCH, which has been particularly significantly affected.