Like its allies, Germany is counting on the threat of economic sanctions to avoid conflict between Russia and Ukraine. But Russian President Vladimir Putin is putting his hopes on China. The question on the table is whether China could step in as Russia’s primary trading partner if the Europeans cut business ties.
The European Union is still Russia’s biggest export market by far. A third of all Russian goods are delivered to the EU. By comparison, China’s share of Russian exports is half that. But in the past five years, that gap has been narrowing.
Russia’s most important export is Natural gas. The EU imports 200 billion cubic meters of Russian gas per year: making Europe Russia’s most important gas customer. China currently buys only 38 billion cubic meters of Russian natural gas. But demand in China is growing and more gas pipelines to China are already being built.
And financial markets have tumbled in Europe and Asia as the tension between Russia and Ukraine increases, signaling worries among investors of the widespread economic impact of a potential conflict.
The trading day began with losses in Tokyo, Hong Kong and Mumbai, as the US government warned that an Russian attack on Ukraine could be imminent.
Bad news across Europe too. Germany’s DAX fell over 3 percent on open. Even the Stoxx 600 of top companies across Europe dropped.
And Russia’s domestic focused MOEX also fell, whereas the foreign focused RTS index tumbled a massive 5 percent shortly after starting trading this morning. The only thing to rise was oil, with investors worried a conflict could hamper Russian oil production.
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Russian gas will always flow. Real question is in which direction
xithole pees pu tain bills fo xit x haaw nmsl
My enemy's enemies are my friends…
russia is still holding the trump cards(no not that wanker's cards although maybe putin holds his wife on a regular basis) what would happen if russia were willing to stop gas production to europe. well aside from destroying its economy it would cripple all of europe with one stroke of the pen.
sanctions are a tricku business. west wants to project image of being tough on russia but if it never cuts off fuel. so really sanctions a smoke screen and a political way of a slapped reddened nato face to save some form of dignity/ what if russia were willing to bit the bullet and stop all fuel going to europe for 2 winter months?
why is really in control of europe already.
the chaos would extend around the world and wwiii would begin
Country relation ,long divided, must unite; long united, must divide. China is the victim of US sanctions, so how can they use sanctions on other country? people who live in glass houses should not throw stones.
One must realize that Russia and China being apart of the BRICS association of developing world powers, have similar political and economic interests, they also have similar political and economic threats which means that a precedent to Russia engaging in militarized war, is them having China as a military ally.
Russia will be owned by China.
Could Russia become a Chinese sock-puppet? That could 'pinch' a little bit during insertion.
The United States provoked the world war, the evil United States
To get China to co-operate, the West has to stop demonizing China, stop the trade war and move your bloody navy out of the South China Sea. What business has Australia and France being there, thousands of km from their own borders. Imagine a Chinese navy within a hundred km off the Australian coast. Got it?
I blame US for demonizing china tbh
With or without sanction, US is still buying oil and metals from Russia without intent to stop.
Can you believe it that US' sanction is only applicable on the new countries LPR and DPR.
That implies, US recognized them!
Chinese banks cuts off lending to Russia today. Action speaks louder than words. Even the Chinese government was like F U we could have taken Taiwan for years and were waiting and you started a war for no reason.
First of all the one imposing the rule need to follow the same before crying for rule based order🙄🇺🇲 🤣 ( American exceptionalism)
Yea Russ doing wrong , unacceptable it's all same as American lead destruction of Iran Syria lebonan venizula …….. Jus crying about world order whenever it's suits them ,on the other side they just wanna sustain power to dictate world petro🤑 and r no less than Russia jus power hungry can't take multi polar world , they have no shame at all In doing so .
Hope euro wakeup act like a superpower always
Russia and china are already close they just dont have an official militry alliance like NATO
Baal
Nato and unión europe will drive this world to the end nato is the mafia the Europe they want to control everything they want run the show tell everyone is part the nato what to do is dangerous for the world group the mafia control the world nato should be disappear befor take to Europe to his destruction
People of the whole planet, do not believe the USA and their puppets, do not believe this lie that is being presented to you. Russia is a good, good country and Russia is fighting for you, for all of you, for justice. Fascism, racism and nationalism will be destroyed, we promise you. Good luck to you all!
independence for hongkong, tibet and xinjiang and taiwan. 🇹🇼
台湾、香港、西藏和新疆独立
What if the war escalates and China realizes that by turning its back on Russia, China could have a chance recapture territories once Russia took from China, such as Vladivostok. China haven't probably forgotten Manchuria incident neither…? If West turns its back to Russia, Russia need China more than ever, but China does not need Russia so much…!
Boycott Russian, Belarus and Chinese products.
For every action there’s reactions.
China’s already close to Russia, they do have long border with each other.
What do you think?
Nope, china cannot make enough money from Russia and doesn’t depend on high tech from Russia. China cannot export without high tech supplies form South Korea, Japan, US, and Europe. Raw materials are replaceable from other sources. Chinese materials are cheap, however other nation have supplies and mine for more materials.
Are you totally ignorant of the China-Russia closing relation?
They are getting closer and will keep getting closer regardless of what is going on now.
Don't you know that they already lunched a credit card to work in their country?
DON'T YOU HAVE ENOUGH INTELLIGENCE TO FIGURE IT OUT WHERE THAT IS LEADING TO?
What's wrong with DW politic analists?
When america bombing on innocent people of afghanistan iraq etc there was no one to say sunction on america .two faces of people oh
Secondary sanctions on those that help the invader.
The enemy of my enemies, is my friend…
Later europe try to do sanctions on china…oppssiee its cannot be cause the biggest market were in there…we all want to see how long europe can live without oil from russia? European economic crisis will come soon dude…soon
So sanctions do work but only if they are green-lighted by the US. All the UN sanctions and resolutions against Israel for crimes against the Palestinians have all fallen by the wayside thanks to the US.
Russia can't be cancelled. RIP UKRAINE🇺🇦
If we don't cut China off now we are way too kind
The time is now for China and North Korea to attack and take Russian Siberia.
The Rise and fall of EU & USA.
All about the ££££££ so yes will be pushed closer to china and vice versa. Bad as one another, the two countries with china not even condemning russia for their barbaric acts.
China is not our friend if support russia if china help russia with economic sanctions we need to boycott chinese goods stop buying made in China goods
World War three has already started.
Doesn’t the EU/US/ NATO realize that much like their alliance. China and Russia have an alliance under BRICS that bind them against embargoes, sanctions from outsiders .
Enemies- adversaries they hate us, no matter how you say it or want to believe otherwise. WE should pull all business from CHINA!!@