Last week, the Zhejiang Chouzhou Commercial Bank suspended all transactions for clients from Russia and Belarus, raising concerns about the potential impact on Russian exporters. The move may have been influenced by recent expansions of U.S. financial controls and the risk of secondary sanctions.
While the Chinese Foreign Ministry has not commented on the issue, Russian officials express confidence in resolving the matter with Beijing.
Man, Xi Jinpeng must be pissed. Xi is a smart man, long game kind of guy. He wants to maintain his position, yes, but not at the cost of China’s geo-political gains.
Putin is a moron. He should have waited 5-10 years more, or even gone into retirement after having shaped the new cabinet to confirm to the long game.
The long game? BRICS. It was set to become a sanction-proof system, but needed the aforementioned 5-10 years extra in the oven.
Putin shows he’s dumber than a sack of door nails, because he wanted his name in the history books next to Alexander the great. His vanity and cocky nationalistic fervour may have screwed over all BRICS countries in the process.
Surely Xi’s cringe and anger must be immeasurable. Now BRICS has an uphill battle it could’ve avoided, even threatening it’s viability in the future.
I’m not pro-BRICS, I just calls it as I see it.