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Suifenhe Rural Commercial Bank

Suifenhe Rural Commercial Bank
The latest news and top stories on Suifenhe Rural Commercial Bank. A regional lender in the finance sector, Suifenhe Rural Commercial Bank is based in Suifenhe Heilongjiang Province China. This Chinese bank provides general banking services and facilitates financial transactions for its local market. It has recently gained notoriety after being sanctioned by the European Union. The EU alleges the bank used crypto transactions to facilitate sanctioned goods, thereby supporting Russia’s war machine. Its strategic location near the Russian border suggests a business focus on cross-border trade, which has now led to significant international scrutiny.
China-EU relations

China bans agencies and individuals from dealing with 2 EU banks

The move is seen as countermeasure against financial sanctions imposed on two small Chinese lenders by 27-member bloc.

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European Union sanctions 2 Chinese banks over aid to Russia

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