AliExpress owner Alibaba has tightened conditions for Russian companies. The Chinese company has stopped accepting rubles and does not allow delivery to Russia, Kommersant has learned.

China’s Alibaba has tightened conditions for Russian companies

Subscribe to RB.RU on Telegram

Payments with Russian cards are no longer carried out, except for some banks, but most likely Alibaba will simply return this money in a few days, markets expert Artem Bobtsov told the publication.

According to him, now Russian buyers will have to use schemes with Kazakh, Kyrgyz and Armenian cards. At the same time, for the physical delivery of goods to the Russian Federation, it will be necessary to resort to “some kind of transit schemes”, which will lead to higher prices and loss of “economic sense” when purchasing goods in the market. – Bobtsov stressed.

Alibaba’s tightening of policy is mainly due to the threat of secondary sanctions, which have caused other problems with Russian payments in China, explains economic expert Semyon Novoprudsky.

The joint statement following the negotiations between the presidents of the two countries in Beijing states that the parties will make efforts to organize uninterrupted mutual agreements, but the specific mechanism to do so is not detailed in the document, the specialist said.

  • In March 2024, large Chinese banks stopped accepting payments from Russia in yuan. Their clients started receiving notifications accordingly. Banks fear secondary sanctions and pressure from the United States.


Karina Pardaeva

Source: RB

Previous articleSingle-channel DDR5 8400 MHz and multi-channel 4800 MHz compared on gaming PCs09:45 | May 29, 2024
Next articleA youth laboratory was established in Novosibirsk to study fluorine compounds. In Russia 10:27 | May 29, 2024
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here