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Author Topic: China says it will trade normally with Russia  (Read 598 times)
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February 26, 2022, 09:07:23 AM
Merited by CryptopreneurBrainboss (2)
 #1

It is basically clear that following the invasion of Ukraine by Russia, the only response from the U.S. U.K. and other European power houses would be via sanctions, aimed at crippling the Russian economy (i doubt the possibility though, considering how important Russia is to Europe), but having said that, these countries have gone ahead to stand true with their threats and imposed a couple of sanctions, and according to them, "many more to come", but one significant country that is yet to follow suit is China, as they claim their business with Russia with continue normally, see this excerpt:
Quote
China’s foreign ministry said Thursday the country’s trade with Russia and Ukraine would remain “normal” and refused to call the attack an “invasion.” Meanwhile, the customs agency approved wheat imports from Russia.
From the above, it does not look like China has any intentions of joining the mass in imposing sanctions on Russia for invading Ukraine a couple of days ago. If China takes this direction, wouldn't it also encourage other countries to do likewise, and if the sanctions isn't a sweeping one, then it might not have the desired negative effect on Russia that the Eurpean union, U.S and U.K. wants it to have, though the U.S doesn't think that way, see the excerpt below:
Quote
China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.
Do you agree with the above? In my opinion i think they may be correct, but it would definitely be much better and could stop Russia's invasion of Ukraine sooner if all countries unite to impose sanctions. There is another very important aspect to the news:
Quote
In the hours after Russia invaded Ukraine on Thursday, the U.S., U.K. and European Union announced new sanctions aimed at isolating Moscow from the global economy. The sweeping measures did not include restrictions on purchases of Russian oil and gas — a significant driver of the local economy.
I think the above highlights the importance of Russian oil and gas to the world, and as a result do you think it is possible for Russia to face complete isolation? Is Russia more important to Europe, than Europe is to Russia? It is also clear that any sanction imposed would affect the both parties, so to what end is it? What is the possible solution, if any?

Read the full news: https://www.cnbc.com/2022/02/25/chinas-trade-with-russia-wont-offset-sanctions-us-says.html

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February 26, 2022, 09:40:54 AM
 #2

That’s because they and other countries like India, China and one more is there are directly involved in strategic partnerships with USA, UK and Russia. The thing is, if they give direct support to Russia or if they don’t support Russia they will get negative impression from both side.

I mean they have proper business and proper treaties with all the nations above so why would they show their support directly?

It’s not like they are gonna work normally with them, it’s just that they have commercial relationships with many countries and they do not want to be part of the WAR and any decisions made thereafter.
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February 26, 2022, 09:59:22 AM
 #3

It is basically clear that following the invasion of Ukraine by Russia, the only response from the U.S. U.K. and other European power houses would be via sanctions, aimed at crippling the Russian economy (i doubt the possibility though, considering how important Russia is to Europe), but having said that, these countries have gone ahead to stand true with their threats and imposed a couple of sanctions, and according to them, "many more to come", but one significant country that is yet to follow suit is China, as they claim their business with Russia with continue normally, see this excerpt:
Quote
China’s foreign ministry said Thursday the country’s trade with Russia and Ukraine would remain “normal” and refused to call the attack an “invasion.” Meanwhile, the customs agency approved wheat imports from Russia.
From the above, it does not look like China has any intentions of joining the mass in imposing sanctions on Russia for invading Ukraine a couple of days ago. If China takes this direction, wouldn't it also encourage other countries to do likewise, and if the sanctions isn't a sweeping one, then it might not have the desired negative effect on Russia that the Eurpean union, U.S and U.K. wants it to have, though the U.S doesn't think that way, see the excerpt below:
Quote
China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.
Do you agree with the above? In my opinion i think they may be correct, but it would definitely be much better and could stop Russia's invasion of Ukraine sooner if all countries unite to impose sanctions. There is another very important aspect to the news:
Quote
In the hours after Russia invaded Ukraine on Thursday, the U.S., U.K. and European Union announced new sanctions aimed at isolating Moscow from the global economy. The sweeping measures did not include restrictions on purchases of Russian oil and gas — a significant driver of the local economy.
I think the above highlights the importance of Russian oil and gas to the world, and as a result do you think it is possible for Russia to face complete isolation? Is Russia more important to Europe, than Europe is to Russia? It is also clear that any sanction imposed would affect the both parties, so to what end is it? What is the possible solution, if any?

Read the full news: https://www.cnbc.com/2022/02/25/chinas-trade-with-russia-wont-offset-sanctions-us-says.html


The Chinese leadership have always been close to Russia and it is mostly a one way trade. The only thing that Russia has to offer China is natural resources and China will happily take advantage of the situation, but Russia will earn a fraction of the amount they could be selling oil and gas for in Europe. Beyond energy supplies and probably a few other commodities, Russia is useless to China. China is playing a strategic game, where they make the most from Europe and USA, but want to keep a convenient dictatorship in power to agitate these countries. If the opportunity ever arises, probably necessitating neutralizing nuclear weapons, then China would take over Russia in a heart beat. The are friends of convenience, but it can be dropped by either side in a second if it becomes useful to re-align.

R


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February 26, 2022, 11:55:52 AM
 #4

That’s because they and other countries like India, China and one more is there are directly involved in strategic partnerships with USA, UK and Russia. The thing is, if they give direct support to Russia or if they don’t support Russia they will get negative impression from both side.

I mean they have proper business and proper treaties with all the nations above so why would they show their support directly?

It’s not like they are gonna work normally with them, it’s just that they have commercial relationships with many countries and they do not want to be part of the WAR and any decisions made thereafter.

India, China have no need to disassociate themselves from Russia because they are aligns. They have no problem with trade and are not from Europe, so no point to support the sanctions but to continue trading freely with Russia. Again they are not part of the 30 NATO members that are made mainly countries from Europe and two north American countries (Canada and US). Therefore no point to follow in the sanction.

There is another very important aspect to the news:
Quote
In the hours after Russia invaded Ukraine on Thursday, the U.S., U.K. and European Union announced new sanctions aimed at isolating Moscow from the global economy. The sweeping measures did not include restrictions on purchases of Russian oil and gas — a significant driver of the local economy.
I think the above highlights the importance of Russian oil and gas to the world, and as a result do you think it is possible for Russia to face complete isolation? Is Russia more important to Europe, than Europe is to Russia? It is also clear that any sanction imposed would affect the both parties, so to what end is it? What is the possible solution, if any?


Russia is not just a push off in the midst of the European countries. In fact it happens to be one of the biggest economy and resourceful to the European economy and you see the reason the countries are yet to cut of from her oil and gas trade. Russia has a military force that is really big coupled with her economic ability. Now China and India are also in good relationship with Russia.
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February 26, 2022, 11:58:57 AM
 #5

It is basically clear that following the invasion of Ukraine by Russia, the only response from the U.S. U.K. and other European power houses would be via sanctions, aimed at crippling the Russian economy (i doubt the possibility though, considering how important Russia is to Europe), but having said that, these countries have gone ahead to stand true with their threats and imposed a couple of sanctions, and according to them, "many more to come", but one significant country that is yet to follow suit is China, as they claim their business with Russia with continue normally, see this excerpt:
Quote
China’s foreign ministry said Thursday the country’s trade with Russia and Ukraine would remain “normal” and refused to call the attack an “invasion.” Meanwhile, the customs agency approved wheat imports from Russia.
From the above, it does not look like China has any intentions of joining the mass in imposing sanctions on Russia for invading Ukraine a couple of days ago. If China takes this direction, wouldn't it also encourage other countries to do likewise, and if the sanctions isn't a sweeping one, then it might not have the desired negative effect on Russia that the Eurpean union, U.S and U.K. wants it to have, though the U.S doesn't think that way, see the excerpt below:
Quote
China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.
Do you agree with the above? In my opinion i think they may be correct, but it would definitely be much better and could stop Russia's invasion of Ukraine sooner if all countries unite to impose sanctions. There is another very important aspect to the news:
Quote
In the hours after Russia invaded Ukraine on Thursday, the U.S., U.K. and European Union announced new sanctions aimed at isolating Moscow from the global economy. The sweeping measures did not include restrictions on purchases of Russian oil and gas — a significant driver of the local economy.
I think the above highlights the importance of Russian oil and gas to the world, and as a result do you think it is possible for Russia to face complete isolation? Is Russia more important to Europe, than Europe is to Russia? It is also clear that any sanction imposed would affect the both parties, so to what end is it? What is the possible solution, if any?

Read the full news: https://www.cnbc.com/2022/02/25/chinas-trade-with-russia-wont-offset-sanctions-us-says.html


As the 2nd largest economy in the world, I think China is where Russia can turn to for some help in the economic sector. If China’s statements said that it is not an “invasion”, then perhaps in the future when they invade Taiwan, they wouldn’t call it an “invasion” as well despite it violates sovereignty rights.

Those countries who imposed sanctions can do just that, but not actually helping Ukraine in fighting the war against Russia. For me, it’s not a good move if NATO intervenes within the Ukraine-Russia war. Unless if Russia targets at least one NATO country, expect a full response from those NATO countries including the US and may escalate into a 3rd World War.

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February 26, 2022, 12:02:21 PM
 #6

That’s because they and other countries like India, China and one more is there are directly involved in strategic partnerships with USA, UK and Russia. The thing is, if they give direct support to Russia or if they don’t support Russia they will get negative impression from both side.

I mean they have proper business and proper treaties with all the nations above so why would they show their support directly?

It’s not like they are gonna work normally with them, it’s just that they have commercial relationships with many countries and they do not want to be part of the WAR and any decisions made thereafter.
These countries are allies and sanctions will not let them interfere despite many countries will join in giving sanctions but these countries are more focus in their business and that they know how the economy will be affected. Russia in other ways know these at first that China will still support them even there are many countries who will against them.
Actually China do not have good relations with USA and they do not agree on any call from the USA. Because the sanctions started from USA and they called their allies to follow so China is not showing themselves as the allies of USA.
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February 26, 2022, 12:39:22 PM
 #7

I would be surprised if the opposite happens, which is that China has imposed sanctions on Russia. China is benefiting from what is happening, as it can import oil and gas cheaper than international prices. Therefore, punishing Russia means wasting a lot of raw resources.

In general, a natural word will be determined by the extent of the success of what is happening now. China will monitor the situation carefully to determine how international foreign policy will be. I do not think that Western countries think that China will impose any form of sanctions on Russia.

The cornerstone will be the extent of the progress of operations in Ukraine and the impact of the global economy, especially in Europe, on oil prices.

I also expect countries like Iran, Iraq and Venezuela to witness more stability.

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February 26, 2022, 01:29:22 PM
 #8

- What can I say? Mutual benefits are there so why not take advantage of it? China right now is in such an advantageous position and right now it intends to capitalize on what is going on to rake in more allies. My enemy's enemy is my friend.

- The sanctions by the US really can't do much about Russia because there are too many loopholes that can be exploited by Russia. US right now is slowly becoming a laughing stock along with the NATO.. But what more can they do? If they do something big, it would end up creating a war that nobody wants to happen, and if they do something small, it won't do much to Russia. At this game of chess, Russia is at a winning end.

- The pitiful Ukraine and it's people got dragged along with the schemes of the US and got left hanging. US has been provoking Russia time and time again with their schemes. Too bad Ukraine failed to notice or just ignored the fact that they are being used just for a bit of short-term benefits.
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February 26, 2022, 01:34:54 PM
 #9

~ If China takes this direction, wouldn't it also encourage other countries to do likewise, and if the sanctions isn't a sweeping one, then it might not have the desired negative effect on Russia that the Eurpean union, U.S and U.K. wants it to have,
Each Government will always look after their country's self-interest and nations will only unite if they have a common interest. China sees more benefit in staying neutral on the matter and other countries might continue with their normal dealings with Russia too. India and UAE will most likely follow China's decision since all these 3 abstained to the UN Security Council resolution.

~ I also expect countries like Iran, Iraq and Venezuela to witness more stability.
I'm not sure about Venezuela but I can also see Iran and Iraq to remain neutral.
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February 26, 2022, 02:24:16 PM
 #10

Actually China do not have good relations with USA and they do not agree on any call from the USA. Because the sanctions started from USA and they called their allies to follow so China is not showing themselves as the allies of USA.
The cold hostility of the two great powers has existed for a long time between the US and China. Here, of course, China will continue to push for full power for Russia both in terms of economy, politics, and terms military weapons. Nothing more and nothing less Russia position cannot be easy for the US to subdue or easy to dictate. The US is currently only playing it safe with European countries, especially Russia, as a part of the Soviet Union, which is still a strong reason to invade to defend its sovereignty.

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February 26, 2022, 02:32:57 PM
 #11

I would be surprised if the opposite happens, which is that China has imposed sanctions on Russia. China is benefiting from what is happening, as it can import oil and gas cheaper than international prices. Therefore, punishing Russia means wasting a lot of raw resources.
Cheaper you say? As a result of this war and Russia being the second largest oil producing nation in the world being hit by all of this sanctions, it is expected that the price of oil would skyrocket, why do you think China would be able to get it at a cheaper rate with all that is happening?
- The pitiful Ukraine and it's people got dragged along with the schemes of the US and got left hanging. US has been provoking Russia time and time again with their schemes. Too bad Ukraine failed to notice or just ignored the fact that they are being used just for a bit of short-term benefits.
I believe every country is first of all loyal and sensitive to their own security, sovereignty and interest, and that is exactly what the U.S. is doing at the moment, i see a couple of people blaming them (U.S.), and i don't see the reason why, Ukraine and Russia have had a long standing feud of which the U.S. has had minimal aggressive interference. Ukraine isn't even a NATO country, so there is really nothing binding the U.S. to intervene militarily. I just feel the U.S has an obligation to first protect lives and properties within their own country, if they get dragged into this, a lot of U.S. citizens would lose their lives with properties and industries destroyed, even if they'll win, but it will come at a cost, and rightfully so they are not willing to do that.

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February 26, 2022, 02:34:53 PM
 #12

Actually China do not have good relations with USA and they do not agree on any call from the USA. Because the sanctions started from USA and they called their allies to follow so China is not showing themselves as the allies of USA.
The cold hostility of the two great powers has existed for a long time between the US and China. Here, of course, China will continue to push for full power for Russia both in terms of economy, politics, and terms military weapons. Nothing more and nothing less Russia position cannot be easy for the US to subdue or easy to dictate. The US is currently only playing it safe with European countries, especially Russia, as a part of the Soviet Union, which is still a strong reason to invade to defend its sovereignty.

They cannot do anything as Russia is also a powerful country and look what happen to their threat It didn't work Putin still intact with his main objective then putting pressure towards other country who will interfere his plan. And look what happen US didn't plan to attack and thet just let Ukraine alone to defend theirselves. I guess its time for US allies to wake up since they cannot earn back anything in situation like this since US will just wash their hands and will not get involve in terms of physical support.

R


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February 26, 2022, 02:53:30 PM
 #13

The cold hostility of the two great powers has existed for a long time between the US and China. Here, of course, China will continue to push for full power for Russia both in terms of economy, politics, and terms military weapons. Nothing more and nothing less Russia position cannot be easy for the US to subdue or easy to dictate. The US is currently only playing it safe with European countries, especially Russia, as a part of the Soviet Union, which is still a strong reason to invade to defend its sovereignty.

They cannot do anything as Russia is also a powerful country and look what happen to their threat It didn't work Putin still intact with his main objective then putting pressure towards other country who will interfere his plan. And look what happen US didn't plan to attack and thet just let Ukraine alone to defend theirselves. I guess its time for US allies to wake up since they cannot earn back anything in situation like this since US will just wash their hands and will not get involve in terms of physical support.

IMO, NATO countries will not interfere in Ukraine's affairs because if they take the wrong actions, there is a risk of a third world war occurring. From the conferences I watched, Putin also threatened foreign countries not to interfere, because if they did, Putin would not hesitate to take more action than they did against Ukraine.

So far, what NATO countries have taken is a discussion path between the two countries to make peace. As usual, the Ukrainian president insisted on asking the NATO parliament for assistance in sending aid. Once again the UK also reminded that once you take reckless actions and show military assistance to Ukraine, there is a big risk of being beaten by the drums of war by Russia. We all know that Putin's character is not easily dictated by other countries. Moreover, allied with China, the business will be longer.

.
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February 26, 2022, 03:15:19 PM
 #14


- The pitiful Ukraine and it's people got dragged along with the schemes of the US and got left hanging. US has been provoking Russia time and time again with their schemes. Too bad Ukraine failed to notice or just ignored the fact that they are being used just for a bit of short-term benefits.

I hope this thing doesn't turn out bad for the world to lead to WW3 because now pity has start to go the way of Ukraine like Russia is being a bully on them and dozens of countries have indicated interest to support Ukraine with some fighting material like anti tanks and other aids like medical support. I think Russia may misinterpret this in time to come to attack one of the supporting countries.

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February 26, 2022, 04:07:01 PM
 #15

Too bad Ukraine failed to notice or just ignored the fact that they are being used just for a bit of short-term benefits.
The war has finally happened and it's not that simple for all the plots going on.  The two-sided media war, the more visible the fake faces are, the geopolitics is disgusting.  People can see or side with the "media war" spreading false or covering up, but I think that going to the previous step of non-negotiation is a "reason" that has been planned.  available and neither side is "innocent" - they made war
China is being too good a front for Russia and it will be of great "benefit" to Russia's support in the South China Sea.  Today they announced that they will exercise in the South China Sea for the next 3 days, the war situation is "expanding" after the Russian attack Ukraina.
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February 26, 2022, 04:17:02 PM
 #16

Of course they will, they're one of the superpower countries and Russia is their communist ally so I am not surprised.that they're going to be doing anything that's going to hinder their trade with Russia and we all know how bad of a violator China is and how many times they've backed out on their word so we should never count them out in any other way as a country that wants to end this war.



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February 26, 2022, 05:34:14 PM
 #17

One of the largest economy in the world could help to keep stability to Russia's economy? May be this will not be enough but it seems Putin have already planned for it. I saw a data where it shows Russia has 13% of their total reserve in Yuan. They knew a sanction will come so they reduce their dollar reserve to only 16%. A great move from Putin can not deny it.

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February 26, 2022, 05:54:02 PM
 #18

Of course they will, they're one of the superpower countries and Russia is their communist ally so I am not surprised.that they're going to be doing anything that's going to hinder their trade with Russia and we all know how bad of a violator China is and how many times they've backed out on their word so we should never count them out in any other way as a country that wants to end this war.

We will never doubt it because Russia and China are communist allied countries and they would probably have each others back whenever one of them needed support.  These two countries has a good relationship which whatever happen we can say that they were both trade normally with each other even after the war. And I guess there's no reason for China to turn back against Russia and if it will happen I don't know what really happening because they are really known having a good friendship.
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February 26, 2022, 07:37:26 PM
Last edit: February 27, 2022, 12:19:15 PM by Gozie51
 #19

One of the largest economy in the world could help to keep stability to Russia's economy? May be this will not be enough but it seems Putin have already planned for it. I saw a data where it shows Russia has 13% of their total reserve in Yuan. They knew a sanction will come so they reduce their dollar reserve to only 16%. A great move from Putin can not deny it.

I think Putin has played smart in the reserve money. I also read Russia has a reserve around $600 million billion worth. They have grown that reserve because of this war and can keep trading with China and other Asian countries. The war may gradually stay longer than expected because Putin is vowing to take over the territory of Ukraine.

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February 26, 2022, 07:41:29 PM
 #20

China is not a part of the Western world, and it's strong and powerful enough to make its own decisions during the ongoing Russian invasion. Russia and China has a largely friendly relationship, both countries being rules by dictators who've been in power for a while. So I'm not surprised that it's ready to keep trading with Russia because it's in China's economic interests. It will help Russia a bit, but I do believe that it won't be enough for Russia not to take a big hit from sanctions and the ongoing war (because the war costs lots of money as well). The Western world will also suffer from sanctions, as Biden warned even prior to the invasion, but it's strong enough to hold on.
And apart from sanctions, Western countries are also providing military supplies and immense financial aid to Ukraine.

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