China's biggest banks are finally getting scared by the West's sanctions against Russia

• Three of China's Big Four state banks have stopped accepting payments from sanctioned Russian financial institutions, per Izvestia.
• The halt follows the EU's 12th sanctions package against Russia and US secondary sanctions.
• The West is now targeting international firms doing business with Russia.

Three out of China's Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia's Izvestia news outlet reported on Wednesday.