Russian President Vladimir Putin’s visit to China last month helped to ensure viable alternatives for transactions between the two countries despite sanctions, Reuters reported on June 21, citing three undisclosed sources. Putin met his Chinese counterpart Xi Jinping in China in May, seeking to affirm Beijing’s friendship and support amid Moscow’s ongoing war against Ukraine and the resulting economic pressure from the West. After the visit, specially authorized banks in border regions have enabled Russian entities to set up non-resident accounts with Chinese banks, Reuters wrote. According to…