China’s Chouzhou Commercial Bank has notified its clients in Russia and Belarus that it is ending all of its operations there due to payment issues associated with Western sanctions, the Russian state-controlled media outlet Vedomosti reported on Feb. 7, citing sources.
Russian and Chinese payment systems still produce records viewable by Western regulators regardless of their SWIFT usage. Western sanctions enforcers have been putting increased pressure on Chinese banks to access transactions associated with Russia.
That is the “no limits” friendship between Russia and China. NThat is “no limits” to the Russian wealth China is willing to extrect from China as long as they do not have other better options.