The US is pressuring the biggest Western bank in Russia to cancel a $1.6 billion industrial investment

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A man walks past the logo of Raiffeisen bank seen atop a building behind a huge monument to Vladimir Lenin, the founder of the USSR, in Moscow on April 3, 2023.

Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

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Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.

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