Saturday, February 26, 2022
ISLAMABAD (UPDATED: February 26, 2022) - Following the imposition of tougher sanctions on Russian banks, industrial infrastructure and the export sector by Western countries, the Moscow government is considering other avenues to offset the effects of these sanctions. China has been the biggest hope for him. However, Chinese President Xi Jinping is very cautious in this situation and so far he has not given any indication that he is ready to help Russia by giving up his access to European and American markets.
The United States, the European Union and the United Kingdom have imposed sanctions on the Russian president and foreign minister
Ukraine: Possibility of sanctions on President Putin and his foreign minister
Experts also believe that even if the door is opened for natural gas and other Russian exports, its benefits to Russia will be limited.
Relations between the two countries have warmed since Xi Jinping took over the presidency in 2012, but the two countries' interests are at odds in some places these days.
The two countries' armies have held joint exercises on several occasions, but President Putin has concerns about China's growing economic influence in Central Asia and Russia's Far East.
According to Li Xin, an international affairs expert at the Shanghai University of Political Science and Law, relations between Russia and China are at an all-time high, but the two countries are not allies.
Following the military intervention in Ukraine, the 27-member European Union, in addition to the United States and Britain, has imposed strict sanctions on Russian banks, officials, businessmen and companies, as well as the export sector and industrial and military high-tech products. The sanctions are aimed at deepening the Russian economy. According to experts, the Shiite government will support President Putin, however, very carefully, so as not to openly violate the sanctions anywhere, because otherwise the Chinese companies themselves could be involved in the sanctions.
Trade between China and Russia rose to 6 146.9 billion last year, but China's trade volume with the United States and the European Union reached $ 1.6 trillion.
Experts say the Chinese government, which is increasing its power through economic dominance, would never want its access to European and American markets to be limited, but that China would have to pay the price for helping Putin with sanctions on Russia. Will
