BEIJING, 21 Aug - RIA Novosti/Prime. Punishment of the West against Russia will not affect the business cooperation of Russia and China, but have the ability to be sensitive to financial institutions, the Director of the division of Eastern Europe and Central Asia mincomercio China Ling JI.

"Sanctions between Russia and Western countries is not very noticeable for Chinese business, but more sensitive to our financial institutions," said Commissioner of the Ministry in conversation with media professionals.

according to him, the difficulties have the opportunity to occur in the Russian credit organizations in the implementation of settlements with the Chinese side.

"Many Russian commercial credit organizations, which carry out settlement with China, are already experiencing some difficulties. The fact that we use the SWIFT system, where there are certain limits on the access of Russian credit organizations, and there are all banks of the world. Branches and subsidiaries of Chinese financial institutions, which are accredited in the US and the EU, they are obliged to Solve it. This is one of the negative factors for the continuous calculation in commercial transactions " - drew the attention of Lin JI.

Speaking of the food embargo Russia for a number of countries in response to the limits from the West, the Director of the division clarified, because It is the decision of the Russian authorities does not bear a negative impact on Chinese exports, on the contrary - there are opportunities for expanding cooperation.

Russia in the last month of summer 2014 limited the import of food items from countries that have entered against her punishment: USA, EU, Canada, Australia and Norway. The ban covers meat, sausages, fish and seafood, vegetables, fruits, dairy products. In June 2015, in response to the extension of the sanctions Russia has extended food embargo for one year, until August 5, 2016. First, Russia has circulated predamage Albania, Montenegro, Iceland, Liechtenstein and Ukraine, besides at last suspended - ban on the importation of its products will start to operate only in the case of the Kiev economic part of the agreement about unification with the European Union.

sections: Politics