China to ‘dance’ between Russia, Western economic ties

© . FILE PHOTO: Soldiers of the Chinese People’s Liberation Army carry a state flag for the Victory Day Parade in Red Square in Moscow, Russia, June 24, 2020. Pavel Golovkin/Pool via REUTERS WASHINGTON () – China is likely to provide some support to Russia’s economy amid of Moscow’s invasion of Ukraine, but will participate in a “dance” to maintain economic ties with Europe and the United States, a senior White House official said Friday. The United States has warned of significant repercussions if Beijing provides material support to Russia for its war in Ukraine, or offers Moscow an economic lifeline in the face of large-scale Western sanctions. Mira Rapp-Hooper, director of the Indo-Pacific at the White House National Security Council, told an online panel discussion that driving a wedge between Russia and China would be easier said than done, but Beijing would feel uncomfortable with Russia’s President Vladimir Putin. war. “It is unlikely, I think, to see a fully and publicly united Moscow and Beijing, in which China feels completely comfortable being saddled with the burden of Vladimir Putin’s brutal and ill-considered war,” Rapp said. -Hooper. “That is to say, we will probably continue to see some amount of Chinese support for the Russian economy, but a dance that Beijing is trying to do to maintain its economic ties with the European Union in particular, but also with the United States.” ,” she said. In February, China and Russia declared a borderless partnership, promising to cooperate more against the West. But Western governments are cutting the Russian economy off from the global financial system, causing international companies to shut down sales, ties China has repeatedly objected to the sanctions, calling them ineffective and urging it to maintain normal economic and trade exchanges with Russia.US President Joe Biden, who last week met with Chinese leader Xi Speaking on Thursday, Jinping said China understands that its economic future is more closely tied to the West than to Russia Moscow calls its actions in Ukraine a “special military operation” to demilitarize and “denazify” Ukraine Ukraine and the West say Putin an unprovoked war of aggression has begun.Disclaimer: Fusion Media wants you era Please note that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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