Chinese state banks are massively suspending operations with Russia and delaying payments worth billions of yuan.

Axar.az informs that this information was reported by Reuters.

It has been reported that some Russian companies are facing delays and rising payment costs with their trading partners in China, putting billions of yuan worth of deals in uncertain conditions.

According to Russian officials, after the West's sanctions threats, China has tightened its requirements, which has led to delays in operations for months. This month, the problem has worsened even further.

It is noteworthy that China is one of Russia's largest trading partners.