China, the world’s second-largest economy, is the only major government not to have condemned the invasion.
Chinese trade with Russia rose to $146.9 billion last year, but that is less than one-tenth of China’s total $1.6 trillion in trade with the United States and EU.
Putin’s government has spent the past decade trying to expand exports to the Far East to reduce reliance on European markets. Moscow and Beijing both are trying to de-dollarize, or use the U.S. currency less in trade, to reduce their exposure to the American financial system and official pressure. A Foreign Ministry spokesman didn’t answer directly when asked Friday whether China might buy more Russian oil. But he criticized “illegal unilateral sanctions” and said Beijing and Moscow carry on “normal trade cooperation.”
Moscow also might have undercut Beijing’s willingness to help by launching its invasion after Xi endorsed Russian complaints about security and the expansion of the NATO military alliance in a statement with Putin last month. China’s relations with Washington and Europe already are strained by complaints about Beijing’s technology ambitions, market access, human rights, Hong Kong and Chinese claims to disputed seas and territory in the Himalayas.
France Dernières Nouvelles, France Actualités
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