Putin under pressure: Russia is threatened with economic isolation - China is apparently sending a clear signal. Sanctions against Russia's economy are forcing banks to turn away from Putin.
Financial institutions in the United Arab Emirates, Turkey and Austria are withdrawing from Russian business due to fears of sanctions. Russian President Vladimir Putin is now even more dependent on the help of long-standing allies like China. But Chinese President Xi Jinping can no longer withstand Western pressure. Putin's circle of business partners and allies is shrinking due to sanctions.