Russia Banks Declare To Use Chinese UnionPay

Because of the war in Ukraine, Russia was sanctioned by western countries. With the conflict intensifying, the sanction means constantly increase. Among these sanction, the most conspicuous is that Russia is cut off from the international settlement system SWIFT. That means Russia can’t use USD and Euro in trading with other countries. After Apple, AMD,…

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Western Countries Still Trade With Russia

Since the Ukraine war burst, western counties implement sanctions to Russia successively. But has western countries cut off the trading with Russia completely? Things look like not that simple. Although western countries sanction Russia in economy, finance, politics and many other aspects, the energy problem is still a headache for Europe. After the sanction, the…

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