China’s Reputation Is in Danger – Russian-Ukraine War
Analysts say China is risking its reputation if it decides to help Russia in its war against Ukraine. Even if China wanted to save Russia – financially or economically – its capabilities are minimal. It is worth noting that for much of Russia’s exposure, China’s exposure to the international financial system remains in U.S. dollars – not rubles; Also in Chinese currency RMB. They can make a slight difference on edge. However, it will be costly for China to implement this.
On Monday, Jake Sullivan, the U.S. National Security Adviser, held an “intensive” seven-hour meeting in Rome with China’s chief foreign policy adviser. At the meeting, Sullivan forwarded to Chinese officials that the U.S. was disturbed that Beijing might aid Russia to deal with global sanctions. Moscow has reportedly asked China to help provide military equipment for the invasion of Ukraine, These including armored vehicles, surface-to-air missiles, and drones. The Chinese Foreign Ministry rejected Russia’s request, saying that this information was false.
Experts estimate that, along with Ukraine and its Western allies, it has already won an information war against Russia. China said on February 4 that it was standing by Russia. However, Cuba, Russia, Cuba, North Korea, and Iran are not where most Chinese want to be. Consequently, there is a risk of reputation in the event of Russian assistance.
Whereas there is no evidence that the country provided military assistance to Russia; This issue is likely to raise even more questions. Whether Beijing provided service or expressed readiness for any military support is a significant question now.
Nevertheless, political observers believe that China’s move to provide any military or economic assistance to Russia could already change the game and lead to far-reaching geopolitical consequences. The Eurasia Group said Monday that the country is unlikely to assist Russia’s invasion to this degree directly; The country is trying to create neutrality in the conflict.
According to analysts, it will appear whether China will comply with Russia’s request for assistance in invading Ukraine in the coming days. If this happens, it means that Beijing will actively take the side of Moscow in the conflict. This development will lead to U.S. and E.U. sanctions and the long-running geopolitical rift between China and the West. Including pressure for wider economic separation.
BONUS VIDEO: Weekly news summary from the markets
The post China’s Reputation Is in Danger – Russian-Ukraine War appeared first on forexinsider24.com.