China Had Enough of Russia - GET OUT OF UKRAINE! Putin's COLLAPSE begins!

China has been supporting Russia’s economy since the start of the Ukraine war, buying oil from the country and supplying everything from microelectronics to washing machines.

An interagency group that China set up in the months following the full-scale invasion has been studying the impact of sanctions and producing regular reports for the country’s leadership, according to people familiar with the matter.

The people said they aimed to learn lessons about how to ease sanctions, especially if a conflict over Taiwan prompts the U.S. and its allies to impose similar punishments on China.

As part of those efforts, Chinese officials have been visiting Moscow regularly to meet with the Russian Central Bank, the Finance Ministry and other agencies involved in the fight against sanctions, the sources said.

Now, China has taken a major step forward.

Chinese banks are refusing to work with financial institutions in Russia that are under sanctions from the West.

The move by Beijing’s banks could deal another blow to Vladimir Putin, as the Russian economy is already in the midst of multiple crises.

After Russia invaded Ukraine, the West imposed sweeping sanctions on Moscow in an attempt to isolate Vladimir Putin on the world stage.

As a result, Russia has relied heavily on its relations with China.

But now, with China threatening secondary sanctions, Beijing’s banks appear poised to distance themselves from their Russian counterparts.

The move comes after the US Treasury Department imposed new sanctions on Russian financial institutions last month.

These included Gazprombank, a major exporter of Russian gas.

This played a major role in the ruble’s collapse last week. The Russian currency was trading at 114 to the dollar, its lowest level since the start of the Ukrainian war.

Alexei Poroshin, the CEO of investment and consultancy firm First Group, told the Russian newspaper Izvestia that Chinese banks were backing down.

He said the Central Bank of China was refusing to accept payments from sanctioned Russian banks.

Russia is also struggling with rising inflation due to sanctions.

Some food products have gone up by tens of lira, leaving many people struggling to meet their basic needs.

In October, the Russian Central Bank raised interest rates to a record 21 percent.

Elvira Nabiullina, the governor of the Russian Central Bank, said this week that inflation remained a problem and that interest rates could rise again.