Afghanistan, April 23 -- Russia and China have developed a secret banking system to bypass Western sanctions, facilitating trade between the two nations.
Russian banks have launched a new payment system called "China Route" to conceal trade exchanges between Moscow and Beijing from Western regulators. According to Reuters, this system, designed to reduce the risk of sanctions and high costs, facilitates transactions through a network of intermediary countries that Moscow considers "friendly."
The China Route system operates independently of SWIFT and Western banks. Payments are processed and settled through a central bank, where debts and receivables are netted. This system ensures that transactions are completed securely without relying ...