Enigma_87
You know who
- Joined
- Aug 7, 2008
- Messages
- 27,778
Russia/China trade has jumped 35% last year along, before the war started. It is likely to increase even more and probably double with the current sanctions in place. China will exploit that - no doubt about it.Just wondering whether China sees this as an opportunity from a commercial/economical perspective to gain a foothold in Russia. With the Oil companies pulling out, talks of apple pullng out and countless others commercial companies, it's probably more ideal than ever for China to push its products, currency, economic tools etc in Russia with the Western companies suspending their activities.
There is already trade war between USA and China and one of the reasons why the trade between Russia and China is rising. Europe can't afford to sanction China really, unless it goes in openly as Russia ally and bring forces in Ukraine.This is a very likely scenario. There are two questions though. How will Russia pay? Their economy is plummeting. Will it mean that Chinese companies will be sanctioned in Western markets due to their support to Russia?
Currently China exports almost a trillion of worth of products and services on year basis. If Europe bans this it means it will complete an economical suicide. Most of the machinery in industries is imported from China and tools and repair kits too.
My guess is that China will remain "neutral" but provide the bridge for Russia to divert their export.