Russia's economy worried: dependence on China will be Putin's downfall. In addition to China, Russia could lose India as an important trading partner.
Russian oil companies are also faced with payment delays of several months or even transaction refusals because some banks from Turkey, China and even the UAE fear secondary sanctions. The Chinese yuan plays an important role for Russia's economy - and for Putin's path to independence from the US dollar. In its latest sanctions package, the US blacklisted Russia's shadow fleets.