September 23, 2016 / 9:26 AM / in 2 years

China c.bank says ICBC Moscow to be yuan clearing bank in Russia

Beijing, Sept 23 (Reuters) - China’s central bank said it has authorized the Moscow subsidiary bank of Industrial and Commercial Bank of China (ICBC) to be a yuan clearing bank in Russia.

The People’s Bank of China, which posted the statement on its website on Friday, provided no further details. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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