The Foolishness Of The Sanctions War: Russian Money Gushes into Hong Kong

Targeted by the ever tightening sanction spiral, Russian companies and individuals are maneuvering to get their money out of harm’s way and to open up new sources of financing that don’t depend on US dollars and are not subject to the long and sinewy arm of the US government. The banks they’ve been approaching in Hong Kong are “interestingly” not branches of US or EU banks, according to Nikos Asimakopoulos, of risk consultancy Alaco, “but Chinese financial institutions.”
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