US-sanctioned Russian banking giant expands in China | CNN Business

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Hong Kong/London CNN  — 

Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy.

Alfa Bank, controlled by sanctioned Russian oligarch Mikhail Fridman, has launched a website and support service in Chinese for businesses in the country, it said in a statement earlier this week.

The bank is also planning to open branches

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