As Saturday will see the second anniversary of the Russia-Ukraine conflict, Chinese strategists, economists and experts on international relations have recently given their reviews of the crisis. They have a series of key findings, including that Russia will not be defeated by Western sanctions and weapons, and the Russian economy could re-rise in the future; the war is likely to be a long-term conflict; and the West is losing faith and the US might abandon Ukraine if Donald Trump gets elected later this year.
Although China is not directly involved in the Ukraine crisis, Chinese elites and the public have been paying close attention to the situation, as they care about its impact on the Chinese economy and China's ties with Russia and the West. China has always tried to contribute to the mediation of the crisis and eyed a post-war reconstruction for the two countries, analysts said. They noted that all of these have driven Chinese scholars to make efforts to find valuable information from the conflict and use it to guide China's policymaking.
Profound changes
The Chongyang Institute for Financial Studies at the Renmin University of China (RDCY) held a senimar on Wednesday to release three major reports about the institute's researches in the past two years about the Russia-Ukraine conflict, and the findings about future development of China-Russia relations, as well as Russia's domestic market after Western companies pulled out from the country in 2022.
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"The most important conclusion that we have drawn in the report is that the Russia-Ukraine conflict will become a long-term fight," Wang said, citing the newly-released report.
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I'm not sure why anyone thought the US's sanctions were going to matter? Isn't Russia's economy massively backed by trades with countries like Mexico, Brazil, and China?
The West is also helping because it's still buying Russian oil and gas, it's just coming via a more circuitous route so its origin can be hidden. Oil laundering, basically. It's just more expensive now because it's travelling further and there are more middlemen involved. Hilarious really.
From the Wall Street Journal (April 2022) The West Is Still Buying Russian Oil, but It’s Now Harder to Track
This article is from 2 years ago
Correct. I drew attention to the publication year when I posted it - to make the point that people have known for a very long time yet have still not done anything about it... not that they really can (or indeed want to, especially in Europe, and especially in Germany where the economy has been historically very reliant on cheap oil and gas from Russia).