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.
Russia sought talks with Chinese representatives to continue business in the financial sector - but so far without success. It is not just Chinese banks that are feeling the pressure from the West. Financial institutions in the United Arab Emirates, Turkey and Austria are withdrawing from Russian business due to fears of sanctions. There is also a crunch between Russia and NATO.