China imposes limits on Russian banks

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by Jo Harper for DW

The recent visit of US Secretary of State Anthony Blinken to China and the Bank of China’s subsequent decision to restrict Russian bank clients’ transactions involving banks located in the EU, the United States, Switzerland and the UK, could be a coincidence. 

It may, on the other hand, have been a PR exercise concocted in Beijing to appease Blinken over the ongoing war in Ukraine

Or perhaps it could be a simple reflection of the diminishing role Russia actually plays in China’s strategic and economic thinking

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