EU proposes sanctions on Chinese firms aiding Russian war effort
EU proposes sanctions on Chinese firms aiding Russian war effort
Bloc hoping to close loopholes that allow Moscow to route military technology via third countries
The EU is proposing to sanction companies in mainland China for the first time as part of its latest measures aimed at shutting down loopholes that allow Russia to route military technology via third countries to its weapons factories.
Three companies in mainland China, as well as four in Hong Kong and one in India, are on a 91-page document of companies and individuals who EU member states want to add to a growing sanctions list before the second anniversary of Russia’s invasion of Ukraine.
As the EU, the UK and US representatives prepare to meet in Brussels on Wednesday, a source said more tools were needed to ensure Moscow could not get around existing restrictions.
A source said: “Russia is straining every sinew to get around our sanctions but we need to do more. We need to shut down loopholes, target circumvention routes, drive down revenues further.”
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It'll be interesting to see if Uncle Xi the bear sides with ideology and friendship or with profit.
Russia and China don't really share much ideologically anyway, do they? They're allies of convenience to one another, and I think "allies" is putting it a bit too strongly anyway given that China doesn't seem to be throwing any material support Russia's way
Oh boy..
Ideologically and historically they share a lot more than they do with other parts of the world. https://en.m.wikipedia.org/wiki/Second_World
Their bond has strengthened a lot since the start of the Ukrainian war. https://en.m.wikipedia.org/wiki/China–Russia_relations
I'm aware of the history, I just don't think it's a good description of the situation today. "Second World" is a term from when Russia was also calling itself communist and operating on a more similar economic system to China, even if tensions over the specifics and influence led to the Sino-Soviet split. It's not particularly applicable in that sense to modern Russia, which has gone through some changes since the breakup of the Soviet Union, and the wiki article even points this out.
Not much has changed in their relationship even if both Russia and China no longer practice socialistic economy. They are de facto capitalist countries.
The difference to other capitalist countries is only who they trade with, and because of the sanctions from the countries previously known as first world, their only trade partners are each other.
China has not sent military assistance to Russia, but hey have increased their coal imports, enabling Russia to continue war production.
because of the sanctions from the countries previously known as first world, their only trade partners are each other.
This isn't even close to being true. Germany and Australia alone each account for more of China's trade than Russia does. Trade between China and the EU or US dwarfs trade with Russia. Not to mention all the nearby large economies like Japan, South Korea, Indonesia, and Vietnam.
If it comes down to nothing but money, China will never throw in with Russia because it makes enormously more with North America and Europe. There's a clear incentive to play both sides of course, but if forced to choose then there's only one obvious answer in financial terms.
Yes sorry. Russia's only trade partner worth mentioning is China. China still trades with everyone, but as he article suggests it might not be as easy for them in the future.
One could say that reactionary nationalism, authoritarianism etc words are the umbrella ideology. Even in a smaller scale fascists are able to work together despite their infighting
Both are imperialistic countries and therefore have the common goal of weakening the status quo of international law.