I have not seen or read a lot about what happened yesterday in Moscow, but in my understanding the yesterday Putin-XI Jinping meeting has put another historical milestone in the alliance between China and Russia and de facto it is also the start of a silent isolation of the actual USA policy, especially about the role of USD in this strategic area, which is holding also a big portion of US National debt (together with Japan).
Slowly abandoning Visa and MasterCard payments, introducing ruble and yuan transactions and abandoning gradually the US dollar is maybe just a piece of paper, but on not so long term will have a big impact on US economy.
It seems that Russia has been able to move forward after the embargo from USA and EU (due to Ukraine conflict), the ruble has regained practically the original value and has not collapsed as predicted (probably they paid a big price for that, but still they recovered) and nowadays there are signals that also the big EU opponent, Germany wants to re approach Russia.
So, was the embargo really worth ? Absolutely not, nothing has changed in Ukraine conflict and the EU economy has still a big problem to recovery the lost russian market and............China and russian internal production have slowly substituted the European and American suppliers in 3 years of embargo.
Maybe sometimes should be really better to think before acting, because with today agreement between Russia and China about the economic cooperation, also the era of USD economic dominance will have a big stop , which is absolutely not good for our economy.