Kremlin Silent on Chinese Banks Limiting Funds to Russia

The Kremlin declined to comment on a Bloomberg report on Tuesday that Chinese state-owned banks are tightening restrictions on funding for Russian clients due to concerns over U.S. secondary sanctions, describing the matter as highly sensitive.

When asked about the report, Kremlin spokesman Dmitry Peskov stated that the issue was a concern for the relevant companies and departments, not the Kremlin itself.

“This is a very, very sensitive area, and it is unlikely that anyone will undertake to discuss it. You shouldn’t expect that,” Peskov said.

He emphasized the continued development of relations with China, calling it a very important strategic partner. Peskov highlighted that this relationship is evident in the higher-than-expected volume of bilateral trade, noting, “We have confidently surpassed $200 billion and continue to grow.”

Federica Calabrò

Federica Calabrò is a journalist at Parliament News, She is covering Business and General World News. She is a native of Naples, commenced her career as a teller at Poste Italiane before following her passion for dance. Graduating in classical dance, she showcased her talents with two entertainment companies, enchanting audiences throughout Italy. Presently, Federica serves as the general secretary at the Allianz Bank Financial Advisors financial promotion center in Naples. In this capacity, she manages office forms, provides document assistance for Financial Advisors, oversees paperwork for the back office, and ensures smooth customer reception and assistance at the front office. Outside her professional obligations, Federica indulges in her passion for writing in her leisure time.