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Heihe Rural Commercial Bank

Heihe Rural Commercial Bank
The latest news and top stories on Heihe Rural Commercial Bank. A Chinese regional lender based in Heihe City Heilongjiang Province, Heihe Rural Commercial Bank operates within the financial services sector. It provides banking products including agricultural loans microfinance and trade finance primarily serving local agricultural businesses and small and medium-sized enterprises. Holding a key regional financial position, it was the first in Heilongjiang to access a cross-border RMB payment system. The European Union recently sanctioned the bank for allegedly facilitating sanctioned goods via crypto transactions supporting Russia’s war machine.
China-EU relations

China warns EU to remove firms and citizens from Russian sanctions list

Commerce ministry said Brussels would ‘bear the consequences’ after 27 mainland and Hong Kong firms were added to the latest blacklist.

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China bans agencies and individuals from dealing with 2 EU banks

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