This is currently one of the most popular articles in the FT.It’s a recommended read. Check it out!
via Chinese lenders grow wary of Russia – FT.com.
Clearly, Russia is increasingly struggling to find international funding to finance investment and trade. Sanctions are becoming more painful and damaging.
It is significant that China wants to protect her many other geopolitical interests other than Russia.
Perhaps, when China’s Premier leaves, it will be time for the Russian leadership to reflect? Russia is still strong enough to play a winning hand.
Thoughts?
Dr Alf's Blog 
Reblogged this on Dr Alf's Blog and commented:
Looking back, this is worth a read. It’s one of my most popular blogs.
The Chinese will do what they can to help Russia but not to the point where their own interests and ability to get paid are put at risk.
In answer to the question that Dr Alf poses I would not underestimate Russia’s ability to circumvent economic sanctions because if these are applied too harshly we do ourselves damage in the West because of the interconnectedness of the global financial system.