Expert: China cynically uses Western sanctions against Russia

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China has not joined the anti-Russian sanctions, but its behavior cannot be called an ally for Moscow. Rather, Beijing has chosen a wait-and-see attitude and, as far as possible, uses the current geopolitical situation with Russia's disgrace for its own selfish purposes. Simply put, the PRC has taken advantage of Western sanctions against the Russian Federation. Writes about it economic columnist Irina Slav in her column on the OilPrice resource.

According to the expert, the United States is making incredible efforts to reduce the price of oil and thereby ease the gasoline crisis in the country. And Beijing managed to do the same and get a "sea" of raw materials at a relatively low price.



While black gold prices are rising all over the world, they are seriously falling in China. The leadership of this state has taken advantage of the geopolitical climate, buying up as much Russian energy raw materials as its finances allow.

- writes an expert.

In her opinion, the situation in Russia is exactly the opposite. The volume of foreign deliveries, as well as the export routes of the Russian product, are undergoing global changes. Therefore, the transition period is forcing Moscow to abandon its privileged position and go for a colossal cost reduction, providing clients with mind-blowing discounts as a “risk” payment.

As soon as the collective West began to impose targeted sectoral sanctions, Beijing had doubts and eschewed oil products from Russia, monitoring the situation. Now that all the pitfalls and the list of restrictions and restrictions are known, the Asian giant boldly “rushed into battle”, buying huge volumes from the Russian Federation at a bargain price.

The expert directly writes that Beijing behaves to some extent hypocritically and cynically towards all its allies. What China is doing now with the extractive industry of the Russian Federation, it has long done with Venezuela and Iran. These two countries are suffering from the US oil embargo and are being "rescued" by China. Of course, not without benefit for themselves, recalls Irina Slav.

Moreover, as the analyst writes, citing Bloomberg, China is pitting disgraced exporters against each other. For example, Tehran has almost no choice in terms of exporting a sanctioned product, so Beijing is blackmailing it with purchases of very cheap oil from the Russian Federation in order to further reduce the price of Middle Eastern oil. Beijing is doing the same in relation to the Russian Federation, which is now at an export crossroads.
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16 comments
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  1. +2
    6 July 2022 09: 03
    to a huge reduction in cost, providing customers with mind-blowing discounts as a payment for risk.

    As always vulgar chatter. They are not able to give figures, and therefore they use adjectives. Humanitarians, what to take from them?
    They take meaning from the ceiling, and not from facts.
  2. +6
    6 July 2022 10: 08
    Discount figures have recently been announced. There is nothing spectacular or colossal. On the contrary, the amount of discounts decreases, because. competition in Asia is growing. This opus is rubbish at the level of gossip. But yes, China is not a friend or ally at all. Moreover, it is necessary to prepare for confrontation, as in the USSR.
    1. +6
      6 July 2022 10: 12
      In fact of the matter. China doesn't owe us anything. And articles about prices and discounts, but without numbers, are simply offensive. Type believe the "expert" - he knows.
  3. -2
    6 July 2022 10: 19
    At this stage, China is an ally. In addition, the Chinese love to travel around Russia. And the fact that there are some frictions, then maybe Russia is to blame? For example, how many modern thin. films from China are in the box office in Russia? To me, for example. It would be interesting to see a Chinese production about Pavka Korchagin. But she is not on the air. Perhaps a section of Chinese history should be devoted in high school, as they study the history of Western Europe today.
    By the way, I heard that Russian students study in China with a scholarship of 3 yuan (30 rubles). Do many people know about this?
  4. +5
    6 July 2022 11: 38
    China has not joined the Western sanctions; does not officially introduce any sanctions against the Russian Federation, but all large private and state corporations observe them offline and the government does not interfere with this, which means actual support. The United States is closely monitoring this and, in case of violation, threatens similar sanctions against China, which, with a trade turnover of $ 750 billion. threatens with catastrophe on the eve of the XNUMXth Party Congress of the CPC, which is fateful in all respects.
    The political and economic war of the West left the Russian Federation no choice but to reorient exports to the East with significant discounts. Growth in world prices so far compensates for these discounts and revenues do not fall, and what will then be decided by another government and the president.
    Like Britain, which has no permanent friends but permanent interests, Beijing is extremely pragmatic and pushes its limits in international political economy without resorting to extreme measures like that monkey sitting in a tall tree watching two tigers fight below.
    1. 0
      6 July 2022 23: 24
      and what will happen then will have to be decided by another government and the president

      - that's right, "Trump will come, put things in order." Although I personally think the parties will agree earlier.
      As for "they threaten similar sanctions against the PRC," I'm sure, with all the insanity, grandfather will not be allowed to start the hot stage of the conflict with China without ending the conflict with Russia. The Western bloc in such a case may simply burst.
  5. 0
    6 July 2022 16: 35
    Quite reasonable behaviour. From China - and wait for advances for the future?
    After all, how our future will develop - even we do not know. Because the country on the edge of the abyss has not yet made a choice - to collapse into it, or to change itself.
    Now, if we had a common ideology, system and geopolitical goals, that would be another matter. Our vectors and trajectories of movement would coincide, we would become allies in life, not expecting advances or fawning from each other.
    By the way, the abyss that opened up before us would have evaporated
  6. +3
    6 July 2022 17: 33
    China, like all our "allies", supports in words and pumps out cheap resources from Russia. And everything else is essentially a betrayal.
    1. +1
      6 July 2022 18: 32
      China has so far reasonably adhered to the principle of "even a tuft of wool from a black sheep."
      We are heading for a hit, and the desire to be saved must come from ourselves by making appropriate decisions at the state level.
      It was not enough to require China to participate in our self-hypnosis session
  7. +1
    6 July 2022 17: 59
    MOSCOW, May 12 - PRIME.

    Discounts on Russian oil began to grow after the start of a special operation in Ukraine. According to the Ministry of Finance of the Russian Federation, the average price of Urals oil in April was $70,52 per barrel. And the average price of the futures for the Brent brand was, according to the auction, 109,34 dollars. This means that the discount was approximately 35%.

    MK.RU

    In May, domestic producers shipped more than 8,4 million tons of “black gold” to consumers in the Celestial Empire. Asian customers are happy to purchase Russian barrels, since our fuel is 30-40% cheaper than Arabic.
  8. +1
    6 July 2022 19: 31
    Quote: Expert_Analyst_Forecaster
    Can't give numbers

    Looks like a 30% discount. Not?
    1. -3
      7 July 2022 11: 49
      There is a price, there is a discount. The article does not have either. 30% - where does the information come from? Is the source definitely reliable or did your neighbor tell you?
      1. +1
        9 July 2022 19: 04
        Quote: Expert_Analyst_Forecaster
        30% - where does the information come from? Is the source definitely reliable or did your neighbor tell you?

        I didn't see any payments... Potapenko talked about 30%.
  9. 0
    6 July 2022 21: 57
    I would like to recall how we lost more than 300 billion. dollars of gold and foreign exchange reserves (GFR) stored in dollars and euros. And for comparison, the part that was in yuan remained untouched. Now answer for yourself the question of who is our like-minded person and who is the enemy.
  10. 0
    8 July 2022 08: 59
    Quote: Expert_Analyst_Forecaster
    to a huge reduction in cost, providing customers with mind-blowing discounts as a payment for risk.

    As always vulgar chatter. They are not able to give figures, and therefore they use adjectives. Humanitarians, what to take from them?
    They take meaning from the ceiling, and not from facts.

    I see you have an abundance of facts in your message. The article is sensible, but it’s unpleasant for you to admit that China is not our ally - for you this is an unpleasant discovery
  11. +1
    8 July 2022 09: 15
    Quote: Expert_Analyst_Forecaster
    There is a price, there is a discount. The article does not have either. 30% - where does the information come from? Is the source definitely reliable or did your neighbor tell you?

    So are you a predictor or an expert analyst? :))))). I’m already laughing - information about a 35% discount on our oil is as old as mammoth shit - this is a discovery for you. :)))