While China’s willingness to support Russia is still unclear and the full extent of US and EU sanctions are still being worked out, Zhiwu Chen tells Bloomberg that small banks that don’t have any international business exposure will likely keep financing Russia and service payments. He added that these banks face a relatively low risk of being sanctioned by the US and West European countries.
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Chair Professor of Finance, the University of Hong Kong
Room 326-348, Main Building
The University of Hong Kong
Pokfulam, Hong Kong