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Kremlin assures continued development of Russia-China trade ties despite external pressure

Dmitry Peskov highlighted "the top caliber" and "the special nature" of the relations between both countries
Russian Presidential Spokesman Dmitry Peskov Mikhail Metzel/POOL/TASS
Russian Presidential Spokesman Dmitry Peskov
© Mikhail Metzel/POOL/TASS

MOSCOW, March 21. /TASS/. The US and EU continue to put the squeeze on China, but this will not hamper the development of relations between Beijing and Moscow, Kremlin spokesman Dmitry Peskov told reporters, commenting on information about alleged reports that a number of Chinese banks were rejecting payments from Russia.

"Of course, unprecedented pressure from the United States and the European Union on China continues, including in the context of relations with us. This, of course, creates certain problems, but will not become an obstacle for the further development of our trade and economic relations," he said.

"Thanks to the top caliber of our relationship [with China] and the special nature of our relationship, we have the necessary capabilities to overcome these difficulties," he stressed.

Earlier, the Izvestia newspaper reported that some Chinese banks were sending back yuan payments received from Russia. Before that, there were problems with dollar transfers. Chinese financial institutions are allegedly tightening their requirements due to the threat of secondary US sanctions.

However, in February, the Bank of China told TASS that they had not stopped accepting payments from Russia, and the related reports were pure speculation.