China unofficially joins anti-Russian sanctions

As Kommersant informs with reference to experts, Russian companies can not receive loans in Chinese banks, Joinfo.ua reports.

Chinese banks also force the Russian companies to close their accounts and transfer funds to other banks. According to experts, Russian company has faced this situation since June 2015.

It should be noted that in 2015, China has invested in the Russian economy $794 mln, which is only 0.7% of its total investments abroad ($116 bln).

Also, in January-September 2015 Russia’s export of natural gas to China dropped seriously: by 51.3% in absolute terms and by 71.5% in value.

The overall decline of Russia’s turnover with China can reach 30% by results of 2015.