Russia's economy worried: dependence on China will be Putin's downfall.. As of: April 8, 2024, 6:01 p.m By: Bona Hyun CommentsPressSplit Chinese President Xi Jinping remained loyal to Vladimir Putin for years.
But Western sanctions are apparently putting the economic relationship to the test. Over the years, Putin has built up the Chinese currency, the yuan, as Russia's main reserve currency. But recently more and more Chinese institutions have stopped accepting yuan payments from Russia.