In The News

Why China’s Banks Won’t Come to Russia’s Rescue

The Wall Street Journal

04 Mar 2022

MoFo partner Chen Zhu was quoted in a WSJ article on whether Chinese banks will help Russia evade sanctions.

According to Chen, Chinese financial institutions are taking these sanctions seriously and being very careful about understanding what the risks are. Due to the broad Western actions, there’s now less room for Chinese companies and financial institutions to be doing business with Russian counterparts.

Read the full article (subscription required).

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