Western expert: China began to distance itself from Russia

Economic Western restrictions that were introduced throughout March seem to have begun to take effect. Even the Central Bank of Russia raised its annual inflation target to 22%. Moreover, the main impact was not economic, but psychological - the key partners of the Russian Federation were simply afraid of secondary sanctions and began to distance themselves from Moscow themselves. We are talking about China, which until recently seemed to be an unshakable friend of Russia. Western financial analyst Fred Dunkley writes about this in an article for the OilPrice resource.

According to the expert, the Chinese payment system UnionPay abruptly changed plans and at the end of April refused to cooperate with large Russian banks, although it seemed that the deal was almost completed. Many other companies from China adhere to anti-Russian self-sanctions, and the official government in Beijing does not react to this in any way. Meanwhile, UnionPay is curtailing its activities in Russia.

And all this is happening despite the fact that China seems to be a full-fledged ally of Russia, although behind the scenes, the PRC always does what brings this state only the greatest benefit. And in some cases, this includes distancing themselves from the Russian economy, which is suffering from sanctions, Dunkley believes. Now this process has reached a large scale, since UnionPay is a Chinese state-owned company, not a private firm.

In addition, the case with UnionPay is not the first one that indicates the distancing of the PRC from the Russian Federation. Last month, Russian officials complained that China refused to send aircraft parts to Russia. At the time, Russian media quoted Valery Kudinov, head of the airworthiness department of Rosaviatsia's aircraft, as saying that since China refused to supply spare parts, the Russian Federation might look at Indian or Turkish suppliers. The official was fired five days later (according to Reuters).

The consequences of Russia's special operation in Ukraine will spread to all spheres of life in the Russian Federation, increasing price pressure and aggravating serious political problems for Moscow, the new adviser to the head of the IMF, Pierre-Olivier Gourinsh, is sure, as a well-known economist reports on his blog.

Most likely, China and India, which have refrained from joining Western sanctions on Russia, may still reconsider their trade relations with Moscow, trying to avoid blackmail by freely doing business with countries unfriendly to the Russian Federation, Dunkley concluded.
  • Photos used: pixabay.com
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  1. the_SteelReporter (Alexandr Martynov) April 29 2022 11: 00
    * Yawning Boredom, the Chinese certainly do not want to live under sanctions
    ...those where world-class
    Huawei refused us? Yes
    ...But this is just so that the companies of the "second" echelons begin to supply us with everything. Cat and create can create tezhi comp. "the first")
    "Shtosh" Union leaked, which gave us what (?) To replace it all directly with the World)
  2. Bulanov Offline Bulanov
    Bulanov (Vladimir) April 29 2022 11: 05
    China with 5 years of history will not listen to the US, which is younger than the Bolshoi Theater in Moscow. This is humiliating for them. China will do what suits it. Therefore, it has 5 thousand years of its history.
    India, which remembers well the Anglo-Saxon colonialists, will do something like this. How they tied Indian patriots to the muzzles of cannons and fired at point-blank range. As soon as the chance falls, India will definitely take revenge on the Anglo-Saxons.
    1. passing by Offline passing by
      passing by (passing by) April 29 2022 11: 51
      this fart is aimed only at quarreling China with Russia and causing an orgasm in a Ukrainian. the white master said... a whole expert laughing
  3. Victorio Offline Victorio
    Victorio (Victorio) April 29 2022 11: 16
    Most likely, China and India, which have refrained from joining Western sanctions on Russia, may still reconsider their trade relations with Moscow, trying to avoid blackmail by freely doing business with countries unfriendly to the Russian Federation, Dunkley concluded.

    Based on this possibility, it seems that the Russian Federation already needs to buy everything necessary in these countries, in the same electronics, and in equipment for its production.
  4. 123 Offline 123
    123 (123) April 29 2022 12: 28
    Sanctions are working, victory is close, we are the strongest, Russia is in tatters! fellow Believe slaves and obey for our power is limitless am Have you seen how we bring them to their knees with sanctions? Didn't see? request Well, he is a sanctioned gopher. yes Psychological. feel The Chinese are ready to distance themselves ... and there maybe the Indians too winked We blackmail them, where will they go? You just believe ... please crying
    Did I understand their message correctly?
    As for the Chinese and other Indians, everyone has their own shirt closer to the body, no one will lay down bones for the sake of our interests. In my opinion, no one expected this. All kinds of "Huawei huyvenbiny" inserting clauses in their applications obliging Russian companies to comply with American sanctions are foam.
  5. Mikhail Novikov Offline Mikhail Novikov
    Mikhail Novikov (Mikhail Novikov) April 29 2022 12: 37
    Fairy tales. blogging folklore. The blogger, as always, knows about China better than the Chinese. And the Chinese, by the way, are well aware that Russia is fighting for them, and if we lose, fluff and feathers will fly from them. And they remember very well the times when they were a colony of the Anglo-Saxons and suffered from the occupation of their best friends - the Japanese. There is no need to interpret the behavior of the leaders of great countries for the sake of self-promotion.
  6. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) April 29 2022 14: 55
    The fact that the PRC is an unshakable friend of the Russian Federation seems only to Vladimir Borisovich Pavlenko.
    It is enough to omit the Eastern verbiage, political etiquette and look at the trade balance, its structure, as the veil will immediately fall from the eyes and the picture will become clearer.
    The reaction of the government should be expected at the end of the XNUMXth Party Congress, if before that moment the USA members do not provoke the PRC into war or if the Russian Federation does not achieve a clear victory in a special military operation in Ukraine, which quite possibly can develop into something more and global.
  7. Omas Bioladen Offline Omas Bioladen
    Omas Bioladen April 29 2022 17: 28
    Wie hat sich Napoleon gefühlt im Sommer seines Rußlandfedlzuges? Wie hat sich Hitler gefühlt im Sommer seines Rußlandfeldzuges? Wie fühlt sich die NATO im Sommer ihres Rußlandfeldzuges? Warten wir bis Väterchen Frost im Winter kommt und sehen dann weiter. Bisher ist noch jede Kriegsgeilheit des Westens irgendwo in der Russischen Tundra erfroren.
  8. Olga G Offline Olga G
    Olga G (Olga G) April 30 2022 00: 21
    In some places, our competitor "China" really interferes with us. Whatever you start to produce, everything is cheaper with them. And everyone cares about quality. So everything that is not done is for the best. Although the IMF does not hurt to dream ....
  9. Peace Peace. Offline Peace Peace.
    Peace Peace. (Tumar Tumar) 4 May 2022 14: 50
    Previously, the Anglo-Saxons were afraid of a nuclear war, but now it’s the other way around.