British media reported that after the outbreak of the Russian and Ukraine War, as Western institutions withdrew from Russia, four Chinese banks provided billions of dollars to Russian banks.
According to the British Financial Times Monday (September 4), the Institute of Economics of Kenfu Economics analyzed data from the Central Bank of Russia, and pointed out that as of March this year, Industrial and Commercial Bank of China, Bank of China, China Construction Bank and China Construction Bank and China Construction BankThe Agricultural Bank of China will increase from USPOSURE in the past 14 months from US $ 2.2 billion (S $ 2.9 billion) to $ 9.7 billion.All four banks refused to comment.
The Financial Times believes that the measures of these four banks are one of the measures that China has promoted the US dollar to replace global currencies.
The Deputy Director of the Institute of Kiev Economics, the Deputy Director of the School of Economics, Andrii Onopriienko, said, "Banks from China from Chinese banks to Russian banks and credit institutions are roughly the RMB replaced the US dollar to replace the US dollar.Cases with the euro indicate that sanctions are being effective. "
Before the outbreak of the Russian and Ukraine War, more than 60%of export payments in Russia were based on Russian officials, etc.And the RMB accounts for less than 1%.
However, data from the Russian central bank show that "toxic currency" has now dropped to less than half of the total, and RMB accounts for 16%.
