Last week, the Zhejiang Chouzhou Commercial Bank suspended all transactions for clients from Russia and Belarus, raising concerns about the potential impact on Russian exporters. The move may have been influenced by recent expansions of U.S. financial controls and the risk of secondary sanctions.
While the Chinese Foreign Ministry has not commented on the issue, Russian officials express confidence in resolving the matter with Beijing.
There was talk, back in 1990s (iirc?) of europe from Lisbon to Vladivostok. I think it’s a pity we missed that opportunity. I’ve crossed the Russian-Chinese border on a few occasions, years ago, back then it felt culturally that was a european border. Now, the way it’s going, seems more likely Siberia will end up attached to China.
(by the way, wrt OP, China has many many banks…)