China's Xi Helps Putin Dampen West Sanctions Impact; ‘400% Increase In Chinese Loans…' | Details

China reportedly quadrupled its loans to Russia after the Ukraine war, making the western sanctions on Moscow for invading Kyiv effectively redundant. According to Financial Times, China’s ‘Big Four’ banks increased their exposure to Russia by over 400% in 14 months since the Ukraine war. Moreover, Russia’s trade with China reached a record $190 billion last year.