Re:Russian firms rush to open Chinese bank accounts
by xadhominemx on Friday March 04, 2022 @01:56PM
(#30558830)
You can’t just add a temporary bank to the SWIFT network, and in any event any new bank that is added to the network or starts engaging in the sorts of transactions they have never engaged in before is going to attract a lot of scrutiny in this period
Russian bank -> disposable temporary bank -> permanent chinese bank
That way the disposable temporary bank is the one that's blacklisted, while the permanent one never did business with the sanctioned entity (directly).