Will China wind up the alternative to Russian economic dependence on Western commercial ties?
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HP (
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March 28th, 2022
from iPhone
Don’t Western sanctions dictate a huge surplus for China in available petroleum, natural gas and other natural resources formerly snatched up by the West? Isn’t China the gigantic hole in the sanction siege wall?
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7 Answers
Sorry, not following the question here. Can you say more.
Aren’t Western sanctions a huge boon to the Chinese who will surely snatch up all that Russian oil and gas?
India is already buying Russian Oil at discounted rates. Others will follow. Economics are very different in a time of war.
The Chinese have a long standing distrust of the Russians, which dates back over 70 years. They had conflicts regularly through the 50s, 60s, and 70s, but mosy were downplayed or kept secret while they focused on a common enemy (the US).
China also knows that the Russians are desperate for a market and will expect a discount based on the poor performance of the ruble.
I think ‘economic co-operation’ would be a more fitting description than “economic dependence.”
It might happen in the longer term but the infrastructure just isn’t there at the moment. It would take years to build a new gas pipeline from Russia to China.
True, and you can bet that whatever measures currently in place to facilitate Russian exports to China will be expanded and accelerated. And they will be both engineered and financed by the Chinese with money earned off us.
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