Russia trade isolation grows as Chinese banks cut payments

As U.S. sanctions target Ukraine war aid, Moscow's China imports shrink by 10%

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Russian President Vladimir Putin and Chinese President Xi Jinping meet in Beijing on May 16. (Pool photo via Reuters)

KENTARO SHIOZAKI, Nikkei staff writer

BEIJING -- Russian trade is suffering a major blow as the U.S. threatens sanctions on banks in third countries, including China, seen to be facilitating Moscow's war efforts in Ukraine.

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