China Turns Its Back on Russia: Why Nearly All Banks Are Cutting Ties

China is distancing itself from Russia – 98% of Chinese banks now reject direct transactions with Moscow. Facing Western sanctions, Chinese companies are refusing direct shipments, instead routing goods through third countries, causing delays and higher costs. With financial ties crumbling, Russia and China might resort to outdated barter trade. As Beijing prioritises trade with the West, is the China-Russia partnership falling apart? Find out how this shift impacts Russia’s economy and the future of their alliance. _____________________________________ Subscribe to The Gaze: @TheGazeDigitalPlatform UATV Explains page: Subscribe to UATV English: Facebook: Twitter: Telegram: Website : #UATV #UATV_English #UkraineNews #UATV_News #china #Ukraine #sanctions #breaking #LatestNews #russia