Ukraine war: 'China Track' bank netting system shields Russia-China trade from Western eyes

https://lemmy.sdf.org/post/33177845

Ukraine war: 'China Track' bank netting system shields Russia-China trade from Western eyes - SDF Chatter

cross-posted from: https://lemmy.sdf.org/post/33177843 [https://lemmy.sdf.org/post/33177843] > - Major Russian banks set up netting system for China trade > - Aim is to cut risk of secondary sanctions > - System has lower commissions, is set to expand > - Xi due to visit Russia in May, meet Putin > > Major Russian banks have set up a netting payments system dubbed “The China Track” for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions. > > […] > > Russia’s trade with China hit a record $245 billion last year despite payment problems and commissions running as high as 12%, as Chinese banks had grown too cautious to do business with Russia and jeopardise their ties with the United States. > > […] > > The issue had become so important that Russian President Vladimir Putin and China’s President Xi Jinping discussed it during Putin’s visit to China in May 2024, which was aimed at cementing the two countries’ ‘no limits’ partnership. > > Xi is set to take part in Russia’s Victory Day parade on May 9, but his visit is now taking place amid China’s trade war with the United States, making the booming trade with Russia and other non-Western nations more important. > > […] > > The new system has been set up by major sanctioned banks and involves a web of intermediaries registered in countries that Russia considers friendly. The system has been in place for some time and has not yet suffered any major setbacks. > > Each bank runs several verified payments agents, some of whom handle payments for exports, and some for imports. All payments are then netted centrally at the bank with all the counterparties involved receiving their money. > > The banks settle trade in both directions, said market sources, who spoke on condition of anonymity due to the sensitivity of the issue. > > […]

https://www.wacoca.com/news/2507235/ この男は、分類された情報を誤解していて、人々が彼の不正行為からみんなをそらすために人々を解雇しています #BreakingNews #GlobalNews #headlines #NEWS #World #WorldNews
この男は、分類された情報を誤解していて、人々が彼の不正行為からみんなをそらすために人々を解雇しています - WACOCA NEWS

この男は、分類された情報を誤解していて、人々が彼の不正行為からみんなをそらすために人々を解雇しています

WACOCA NEWS
https://www.alojapan.com/1254673/tokyos-newest-art-star-one-year-old-thumbelina/ Tokyo’s Newest Art Star: One-year-old Thumbelina #BreakingNews #DailyNews #GlobalNews #inkl #news #NewsApp #NewsHeadlines #NewsToday #TodayNews #Tokyo #TokyoTopics #WorldNews #東京 #東京都 Gripping paintbrush and crayon, the artist known as Thumbelina splodges and splats with merry abandon, the one-year-old star of a Tokyo exhibition that goes on way past her bedtime. Abstract paintings by the toddler are on sale for 33,000 yen ($230) at her…
Tokyo's Newest Art Star: One-year-old Thumbelina

Gripping paintbrush and crayon, the artist known as Thumbelina splodges and splats with merry abandon, the one-year-old star of a Tokyo exhibition that goes on way past her bedtime.Abstract paintings by the toddler are on sale for 33,000 yen ($230) at her debut show at hip gallery Decameron, tucked above a bar in the Kabukicho red-light district. Thumbelina's vivid style is 'babyish but mysteriously dexterous', gallery director -- and matchmaker of her parents -- Dan Isomura told AFP. . Colourful smudges adorn tatami mats and tables at the 21-month-old's suburban home, where her mother patiently helps twist open paint tubes

Alo Japan All About Japan
https://www.wacoca.com/news/2507117/ カナダの選挙では、記録的な早期投票が見られます、と数字は示しています #BreakingNews #GlobalNews #headlines #NEWS #World #WorldNews
カナダの選挙では、記録的な早期投票が見られます、と数字は示しています - WACOCA NEWS

カナダの選挙では、記録的な早期投票が見られます、と数字は示しています

WACOCA NEWS

‘Stay away’ from Chinese satellite services, US advises allies in leaked memo

https://lemmy.zip/post/37015742

‘Stay away’ from Chinese satellite services, US advises allies in leaked memo - Lemmy.zip

> State Department talking points suggest foreign governments take steps to exclude China-based providers because of security risks. Archived version: https://archive.is/20250422082818/https://www.scmp.com/news/china/diplomacy/article/3307426/stay-away-chinese-satellite-services-us-advises-allies-leaked-memo [https://archive.is/20250422082818/https://www.scmp.com/news/china/diplomacy/article/3307426/stay-away-chinese-satellite-services-us-advises-allies-leaked-memo] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

Canada election sees record high early voting, figures show

https://lemmy.zip/post/37011509

Canada election sees record high early voting, figures show - Lemmy.zip

> About 7.3m people have cast ballots over four days of advanced voting in sign of elevated interest in 28 April poll Archived version: https://archive.is/20250422212102/https://www.theguardian.com/world/2025/apr/22/canada-election-advance-voting [https://archive.is/20250422212102/https://www.theguardian.com/world/2025/apr/22/canada-election-advance-voting] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

Rice crisis: Japan imports grain from South Korea for first time in more than 25 years

https://lemmy.zip/post/37011393

Rice crisis: Japan imports grain from South Korea for first time in more than 25 years - Lemmy.zip

> Japanese consumers who used to treat foreign-grown rice with scepticism have been forced to develop a taste for it amid domestic shortage Archived version: https://archive.is/20250422183342/https://www.theguardian.com/world/2025/apr/22/japan-south-korea-rice-import-crisis [https://archive.is/20250422183342/https://www.theguardian.com/world/2025/apr/22/japan-south-korea-rice-import-crisis] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

US Treasury secretary says trade war with China is not 'sustainable'

https://lemmy.zip/post/37011391

US Treasury secretary says trade war with China is not 'sustainable' - Lemmy.zip

> U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. Archived version: https://archive.is/20250422200230/https://apnews.com/article/tariffs-trade-taxes-trump-china-bessent-treasury-66668fa26957ece530a250fa8ea19faa [https://archive.is/20250422200230/https://apnews.com/article/tariffs-trade-taxes-trump-china-bessent-treasury-66668fa26957ece530a250fa8ea19faa] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

Colombian president says US revoked his visa and mocks ‘Donald Duck’

https://lemmy.zip/post/37011307

Colombian president says US revoked his visa and mocks ‘Donald Duck’ - Lemmy.zip

> ‘I’ve already seen Donald Duck several times’, jokes Petro at Cabinet meeting Archived version: https://archive.is/newest/https://www.independent.co.uk/news/world/americas/us-politics/trump-donald-duck-gustavo-petro-colombia-b2737589.html [https://archive.is/newest/https://www.independent.co.uk/news/world/americas/us-politics/trump-donald-duck-gustavo-petro-colombia-b2737589.html] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

https://www.wacoca.com/news/2507006/ 米国財務長官は、中国との貿易戦争は「持続可能」ではないと言います #BreakingNews #GlobalNews #headlines #NEWS #World #WorldNews
米国財務長官は、中国との貿易戦争は「持続可能」ではないと言います - WACOCA NEWS

米国財務長官は、中国との貿易戦争は「持続可能」ではないと言います

WACOCA NEWS