Disaster for Russia: China's largest bank leaves Putin hanging.. As of: February 22, 2024, 6:00 p.m By: Bona Hyun CommentsPressSplit China is actually considered a loyal ally of Putin.
But gradually more and more Chinese banks are allowing the Russian president to appear. The Western sanctions against Russia are apparently worrying China. As a result, there could be tension between Russia and Beijing. Three out of four major Chinese state banks will no longer accept payments from sanctioned Russian financial institutions.