G7 plans to warn small Chinese banks over Russia ties  | Reuters News Agency
Business & Finance

G7 plans to warn small Chinese banks over Russia ties 

Reuters exclusively reported that U.S. officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions. 

Market Impact

Treasury officials have repeatedly warned financial institutions in Europe and China and elsewhere that they face sanctions for helping Russia skirt Western sanctions. 



Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: AmericasAsia
Countries: ChinaRussia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
FILE PHOTO: Flags of China and Russia are displayed in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration/File Photo
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