China presents itself as an ally of Russia, but not a particularly loyal one. On Sunday, Foreign Minister Wang Yi already expressed criticism of the actions in Ukraine. At the same time, he rejected any sanctions. So China is keeping a low profile for the time being and is continuing to cause scratching heads.
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Ukraine is the largest supplier of rare earth elements and other raw materials for the European high-tech sector. The EU originally wanted to become less dependent on China when it came to procuring industrial minerals - and has relied primarily on Ukraine for this purpose. China has also sought access to rare earth and noble gas deposits. Putin's war of aggression has now thwarted the plans on both sides. Will the valuable deposits now fall into Russia's hands?
By Frank Sieren
A key component of the new sanctions will be export restrictions on high-tech products. Russia's economy is to be severely hit by the fact that Putin's regime and the state-dominated economic apparatus will lose access to technologies that are hardly indispensable for maintaining operations in the medium term.
By Falk Steiner
Russia’s invasion of Ukraine plunges China into a deep strategic dilemma: Should Beijing stick to its “borderless friendship” with Vladimir Putin? But this would mean giving up its own interests and foreign policy principles. In any case, it refuses to speak of a Russian invasion.
By Redaktion Table
The EU has decided to impose sanctions on the Russian oil and gas industry. Technical equipment for the energy sector is affected. In Germany, meanwhile, compensation for further increases in energy prices is being discussed.
By Lukas Knigge
The day after Russia's invasion of Ukraine, the US, the EU, and the G-7 agreed on far-reaching sanctions against Russia. At the EU Council meeting in the evening, however, differences of opinion also emerged on the scope of the sanctions – on the SWIFT payment system.
By Eric Bonse
Washington is greatly expanding sanctions against the Russian financial sector. The Europeans are somewhat more restrained. However, experts doubt that the measures will have any effect in the short term.
By Till Hoppe
The Ukraine war is also part of a global struggle for oil and gas. The USA wants to sell more of it to Europe. China, in turn, wants to be less dependent on oil and gas from the US and its allies – and is leaning toward Russia. Beijing's long-term commitments give Russian President Vladimir Putin the necessary leeway for this war.
By Frank Sieren
Russia's invasion of Ukraine plunges China into a deep strategic dilemma: Should Beijing stick to its "borderless friendship" with Vladimir Putin? But this would mean giving up its own interests and foreign policy principles. In any case, it refuses to speak of a Russian invasion.
By Michael Radunski
If Russia is cut off from international payment flows, China could step in with an expansion of its yuan trade. However, it cannot fully replace the dollar for Russia. Moreover, the Russian financial market would become completely dependent on China.
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