Britain and some other major European powers have decided to become a founding members of a new Chinese Bank, the Asian Infrastructure Investment Bank which is positioned to act as a competitor to the Asian Development Bank chaired by Japan and the US.
China and Russia will not let any British and European nations invest in this bank. Has not China agreed to do anything that is required to help Russia combat western sanctions.
Wishful thinking by the British puppeteer class. It may be a better proposition to apply to join the BRIC s and the SCO!