Beijing-Moscow relations were chilly during the Soviet era but the two sides have formed a political marriage of convenience since the 1990s, united by shared frustration with U.S. dominance of global affairs.
“China will be a much larger partner of Russia by the end of this year, and especially in the coming years, when the oil embargo will fully work and gas exports to the EU will drop, possibly to zero, except for what gets through the Turkish stream,” Gabuev said.helping to top up Russia’s cash flow in the face of Western sanctions. China spent 60% more on Russian oil and gas in August than a year earlier, according to customs data.
China, the biggest global energy consumer, has one of the biggest tanker fleets and its own insurers, which would allow Beijing to operate outside G7 curbs. Gazprom agreed last week to let state-owned China National Petroleum Corp. pay in Russian rubles or Chinese yuan instead of dollars. That works in China’s favor, because few other exporters accept yuan, which makes Russia more likely to buy Chinese goods.
Merchants in Fujairah, a port in the United Arab Emirates, blend cargos from suppliers that are under sanctions and shift them between tankers at sea to hide their origin, The Wall Street Journal reported Aug. 29, citing unidentified traders.
They're sealing the Fate of the US Petro Dollar as the W World's reserve Currency. checkmate
Any Chinese deal has no limits. Starting with what they did with ventilators (auctioning them to see who was giving more). Any Chinese business lacks in decency.
My guess is that China will snap up Russian assets at bargain basement prices because of Western sanctions.
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It is in China's interest to ensure that 🇷🇺 prevails in 🇺🇦 to give birth to the long awaited desires of the developing countries of a sustainable multipolar world. Only 🇨🇳 together with 🇷🇺, can unite the rest of the world against the parasitic influence of the imperialist West!
Why is the West guessing. Of course they won't and why should they?
Keep stoking that international crisis to distract from catastrophic banking and economic crisis at home, Xi
Hitler Chinese knows that if he helps the Kremlin hitler too much, his country would suffer retaliation from the European Union and the rest of the free world.
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