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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More than 130 million people brace for sweltering conditions across most of the US
Over 130 million people in the U.S. are under extreme heat warnings, particularly from Savannah to Virginia Beach, where heat indices may reach 116°F. A prolonged heat wave with temperatures in the upper 90s to low 100s is expected across the Southeast and Midwest, while severe storms are also forecasted for parts of the upper Midwest. Want More Context? 🔎
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