Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackChina Export & Credit Insurance Corporation (Sinosure) is a Chinese corporation that provides export credit insurance and is part of the Belt and Road Initiative. Its largest shareholder is the state-owned investment corporation Central Huijin Investment.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackOne of the Chinese suppliers informed the Russian importer that the state company, citing internal policy, refused to insure their transaction due to the nature of the exported goods. When interacting with Russian entities, Sinosure began to act in a similar way to Chinese banks and refused to insure the export of goods, the list of which coincides with the blacklist of a major state bank - Bank of China.
| November 06, 2024 | Federation Council ratifies agreement on military cooperation between Russia and the DPRK |