**Russian Importers Use Schemes to Pay Chinese Sellers**
The latest Western sanctions against 50 Russian banks have made it hard for Russian importers to pay their Chinese sellers directly. This is because the US sanctions on these banks cut off the last ties that allowed them to make direct payments.
As a result, Russian importers are now using complex schemes to get money to their Chinese sellers. These schemes involve using intermediaries who accept rubles and then transfer the money to the Chinese seller for a small commission of about 3%.
**Smuggling Becomes Common**
When it comes to importing dual-use or sanctioned goods, some Russian importers have started smuggling these items into the country instead of following official channels.
The weakness of the Russian ruble has also made deliveries from China slower. Suppliers are halting shipments until they get paid in a more stable currency.
**Evidence of Chinese Support for Russia**
There is growing evidence that China is supplying parts for Russian military hardware, including drones. Recent reports have even shown that the EU has obtained proof of China’s production of “lethal aid” for Russia, which includes attack drones.
**NATO Meeting to Focus on Ukraine Aid**
The NATO ministerial meeting will focus on providing Ukraine with more military aid so that it can negotiate from a position of strength.
**Ukraine Defends Against Russian Attack**
Ukrainian troops have successfully defended against a Russian attempt to establish a foothold on the western side of the Oskil River north of the Kharkiv Oblast town of Kupiansk.
**NATO Countries Likely to Not Invite Ukraine to Join**
It’s likely that NATO countries will not invite Ukraine to join their military alliance during the upcoming meeting, despite Ukraine’s call for membership.
Read More @ kyivindependent.com