of course the pivot to china was not a matter of choice for...

of course the pivot to china was not a matter of choice for putin considering what has transpired ......the thing is though .....just one more eventuality he was unable to forsee

choosing to conduct a war on "best case scenario " is madness

Vladimir Putin's pivot to China is backfiring

Russia's pivot to China has faced multiple setbacks this year as Chinese banks, wary of U.S. sanctions imposed over Vladimir Putin's invasion of Ukraine, are rejecting transactions, forcing Moscow to raise fees on yuan (RMB) transfers.
Last month, Russian media reported that some 98 percent of Chinese banks now reject RMB-denominated settlements. First major, and now also more local, Chinese banks have stepped up compliance with the Biden administration to shield themselves from the secondary sanctions. This limited ability to use RMB has caused a liquidity squeeze, which seems to have driven the recent fee hikes by Russian banks.
Russian lender Uralsib Bank is also set to hike its commission on transfers of RMB to 6.5 percent.......Russia's SDM Bank has hiked its commission for transfers in RMB to 6.2 percent

"As it becomes more and more difficult to make payments in this currency, the cost is rising.

remember the myth that sanctions were ineffective ???

what this ammounts to in a nutshell is China and Chinese banks judging

US trade more critical than russian trade

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