The comparison I would make with China is there are a lot of countries, outside Europe, Canada, the US, and ANZ, whose governments, even those who are democratically elected, have been and still are happy to take buckets of renminbi to finance their economies irrespective of China's actions and potential consequences of default. I suspect there are those who would be happy to take Russian oil and investment while sticking two fingers up to the 'imperialists of the Western liberal democracies'. Yes, I know China is the real economic imperialist.