Lot of folks here are not up to date on current events I guess...
China is moving away from Russia because "commercial ties between Russia and China are being impacted by sanctions triggered by the war."
"On Tuesday, Russia's biggest bank, Sberbank, temporarily suspended cross-border transactions in the Chinese yuan."
"The European Union has also cut the bank from the SWIFT global banking system."
"Chinese banks were afraid to circumvent the measures for fear of facing fines for violating U.S. law."
"Also on Tuesday, Russia's state news agency RIA reported that Chinese multinational corporation Huawei had begun to close official retail outlets in Russia"
"China abstained on a February 25 United Nations Security Council resolution denouncing the invasion that had begun the previous day."
"Chinese government policy was was one of "declaring neutrality, supporting Putin, and paying no prices.
"The last implies that China would not risk secondary sanctions. So, what Huawei is doing is in line with the overall policy. Chinese companies tend to be more conservative over the risk of secondary sanctions, so it is just playing safe."
"Chinese banks announced the cancellation of letters of credit to Russian counterparts"
"Chinese financial institutions have begun to distance themselves from the Russian economy."
https://www.newsweek.com/china-russi...huawei-1714236
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