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The Bank of Yiwu that Moved Dollars to Moscow
Summary by SpaceMoney
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2 Articles
The Bank of America closed the account that Russian customers of a small Chinese bank used to move dollars. Payments migrated to Citibank, JPMorgan Chase and Standard Chartered, and dozens of banks continue to operate in dollars without direct access to the American financial system.
Empty documents show how Zhejiang Chouzhou used accounts on Wall Street to give Russian companies access to the dollar and drive sanctions
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