I don't agree with the analysis here, through and through. Russia may buy things from China, but they need to sell energy and goods to Europe. In particular, i

I don't agree with the analysis here, through and through. Russia may buy things from China, but they need to sell energy and goods to Europe. In particular, it is difficult for Russia to send a good chunk of their energy output to China. Energy is a bulk good, and thus sensitive to transport costs. China and Russia are not liberal economies. A side effect of that is that their own markets do not offer enough liquidity to support an alternative exchange medium. It really is as simple as that. China has advanced in strides, but it will take true liberalization before it can wield economic weapons on a global scale. Its society will need to mature more before that happens, and then it will be a different day. I'm not going to rah-rah let's beat Russia – or China – those are nationalistic attitudes I won't partake in. At the same time, I really am very negatively against this war, and just as much, I believe the systems should be impartial as they can be. With all that said, your analysis simply does not hold weight, and given the European consensus behind blocking the Russian government from SWIFT, I don't think the legitimacy or effectiveness of that system is significantly compromised either, for all practical purposes.