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Yep; was just reading https://www.aljazeera.com/economy/2022/2/28/as-russias-isolation-grows-china-hints-at-limits-of-friendship https://www.aljazeera.com/econo

• nosianu 5y ago
  > [Cheng-Yun Tsang, an expert in financial regulation at National Chengchi University in Taiwan] said Beijing’s moves to distance itself from Moscow appeared mostly symbolic, inflicting little actual pain on the Russian economy. After reading that link, that seems to be a pretty accurate summary, when adding that > China also relies heavily on the SWIFT system. These facts might well lead China to a somewhat prudent move when it comes to providing financing with Russia, as jeopardising its own ability to transact in US dollars would never be a good idea. So that they are cautious to > comply with the letter of the law, but in my opinion, not the spirit of the law [Alicia García Herrero, chief Asia Pacific economist at Natixis in Hong Kong] > Gary Ng, an Asia economist at Natixis, said the current sanctions regime gives China considerable room to continue legitimate trade with Russia. It's tough because the sanctions are meant to be bad enough but not so bad that alternative systems start to benefit too much, reducing Western - and US-$ - influence in the long run.