The Wall Street Journal reports that money from Russia and Iran continues to flow through Chinese banks, with Zhejiang Chouzhou Commercial Bank (ZCCB) serving as a key conduit, including payments for goods that could serve military purposes. Although US officials monitored ZCCB under both the Biden and Trump administrations, Washington has not imposed sanctions, as it is hard to determine whether the bank knew the origin of the funds and it fears straining ties with Beijing. A February 2025 transaction shows a Kyrgyz company agreeing to pay about $1.5 million to a Chinese supplier for 40,000 kg of molybdenum trioxide, with payment made to an account at ZCCB. ZCCB says it complies with laws and has opened an internal probe, but cannot confirm the funds came from Russia, while China rejects unilateral US sanctions.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một thực thể nhỏ bé, ẩn mình giúp Nga và Iran giao dịch hàng tỷ USD trên toàn cầu, Mỹ vẫn e dè chưa xuống tay trấn áp
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XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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