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. Russia sought talks with Chinese representatives to continue business in the financial sector - but so far without success. According to Kremlin spokesman Dmitry Peskov, the situation with Chinese banks has led to problems, but these can be overcome.