Chinese banks, including Bank of China and Industrial and Commercial Bank of China, have significantly reduced their assets in Russia amid ongoing sanctions related to President Putin’s invasion of Ukraine. In the second quarter of 2024, Bank of China saw a 37% decrease in assets to 355.9 billion rubles ($3.9 billion), while Industrial and Commercial Bank of China reduced its assets by 27% to 462.4 billion rubles ($5.1 billion), indicating the impact of sanctions on trade between the two countries.
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Full transcript of “Face the Nation with Margaret Brennan,” July 27, 2025
On "Face the Nation," Margaret Brennan discusses President Trump's efforts to refocus on his economic agenda amid distractions, including his criticisms of Federal Reserve Chairman Jerome Powell during a visit to the Fed. The episode features insights from key figures such as White House Budget Director Russell Vought, Senator Chris Van Hollen, and French Foreign Minister Jean-Noël Barrot, addressing topics like tariffs, higher education investigations, and the humanitarian crisis in Gaza. Want More Context? 🔎
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