Russia and China have developed a secret banking system to bypass Western sanctions, facilitating trade between the two ...

Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to ...

Each bank runs several verified payments agents ... The system does not use the SWIFT messaging system or accounts in Western banks. "We had to structure financial flows through friendly ...

Exclusive-'China Track' Bank Netting System Shields Russia-China Trade From Western Eyes MOSCOW (Reuters) -Major Russian banks have set up a netting payments system dubbed "The China Track" for ...