patrick.net

The U.S. led sanctions against Russia are hurting European countries, as described here, almost as much as Russia. But where European countries have no one but each other to turn to for economic support, Russia has strategically allied itself with Asia, especially China. The latest currency swap deal with China could shore up the Ruble, paving the way for Russia to avoid much of the economic sting from western sanctions.

http://www.globaldeflationnews.com/china-to-the-rescue-russia-agrees-to-chinese-suggestion-of-a-currency-swap-deal/