This has led to the rise of alternative methods such as cryptocurrency and barter to maintain trade between Russia and China.<\/p>\n
The smooth flow of Russian-Chinese trade is now disrupted as Chinese regional banks halt yuan-based transactions from Russia. This change, reported by Izvestiya<\/a><\/strong>, follows a pattern of banks pulling back due to fears of being hit by secondary sanctions. Ekaterina Kizevich from Atvira confirmed her bank notified her of a payment suspension in July.<\/p>\n Russian firms are exploring options like using Russian bank branches in China, though this can increase costs by up to 5%. Barter trading is also being considered, though it\u2019s not feasible for all goods.<\/p>\n