Interview I China’s Small Banks Set for Spotlight Over Russia Support I Zhiwu Chen

Posted on Tuesday, March 1, 2022

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.