l{"id":1205852,"date":"2023-03-21T13:04:07","date_gmt":"2023-03-21T13:04:07","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/russias-reliance-on-china-rises-amid-ukraine-sanctions-abc-news\/"},"modified":"2023-03-21T13:04:07","modified_gmt":"2023-03-21T13:04:07","slug":"russias-reliance-on-china-rises-amid-ukraine-sanctions-abc-news","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/russias-reliance-on-china-rises-amid-ukraine-sanctions-abc-news\/","title":{"rendered":"Russia&#039;s reliance on China rises amid Ukraine sanctions &#8211; ABC News"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"\">\n<p id=\"_ap_link_China_Taiwan_\">BEIJING &#8212; Like a salesman buttering up his best customer, President Vladimir Putin gushed about <a href=\"https:\/\/abcnews.go.com\/alerts\/Taiwan\" id=\"_ap_link_China_Taiwan_\" target=\"_blank\" rel=\"noopener\">China<\/a>&#8216;s economic success as he welcomed Chinese leader Xi Jinping to the Kremlin.<\/p>\n<p>\u201cWe even feel a bit envious,\u201d Putin said Monday as Xi grinned.<\/p>\n<p>That was more than idle flattery. China isn&#8217;t just Moscow&#8217;s diplomatic partner in opposing what they see as U.S. domination of global affairs. Its thriving economy is the biggest buyer of Russian oil and gas exports, pumping billions of dollars into Putin&#8217;s treasury and helping the Kremlin resist Western sanctions over its invasion of Ukraine.<\/p>\n<p>Putin welcomes the lifeline, but that reliance is accelerating Russia\u2019s slide into the junior role in an uneasy relationship with Xi\u2019s government. Beijing has ambitions that diverge from Moscow&#8217;s and sometimes conflict.<\/p>\n<p>\u201cRussia may worry about increasing reliance upon China, but it has no other good options,\u201d said Li Xin, director of the Institute of European and Asian Studies at the Shanghai University of Political Science and Law.<\/p>\n<p>The current Beijing-Moscow partnership dates to the 1990s, when they set aside border disputes and other strains that led to the 1961 Sino-Soviet split and forged a post-Cold War diplomatic front to push back against Washington.<\/p>\n<p>For both sides, the importance of that relationship increased as Washington imposed sanctions on Russia and restricted Chinese access to U.S. technology on security grounds. Xi accused the United States this month of trying to block China&#8217;s economic development.<\/p>\n<p>\u201cThere\u2019s a feeling that the U.S. and American allies are out to contain the two countries,\u201d said Li Mingjiang, an international relations expert at the S. Rajaratnam School of International Studies at Singapore\u2019s Nanyang Technological University.<\/p>\n<p>Despite \u201cstrategic mistrust\u201d stemming from conflicts dating back to the 19th century, they share a \u201ccommon political interest&#8221; of &#8220;resisting American challenges,\u201d Li said.<\/p>\n<p>Before last year&#8217;s invasion, Xi and Putin declared they had a \u201cno limits friendship.\u201d But Beijing already has shown there are limits. It says they aren&#8217;t allies and has avoided openly giving Russia military help in Ukraine, a step President Joe Biden and other Western leaders warn would trigger unspecified consequences for China.<\/p>\n<p>Beijing once called the Soviet government \u201cBig Brother,\u201d but Moscow\u2019s lead in political influence eroded as China\u2019s economy raced ahead following market-style reform in the 1980s.<\/p>\n<p>Russia had oil riches, but the post-Soviet economy failed to create competitive companies. Meanwhile, China launched auto, tech and other industries that are expanding into global markets.<\/p>\n<p>In the mid-\u201990s, Russia&#8217;s economy was half the size of China&#8217;s but its smaller population had four times the output per person.<\/p>\n<p>By 2020, China\u2019s lead had multiplied. Its economy was 10 times the size of Russia&#8217;s and edged ahead in output per person, $10,525 to Russia&#8217;s $10,115, according to the International Monetary Fund. Russia\u2019s $1.7 trillion economy was about three-quarters the size of that of Texas.<\/p>\n<p>Russia also is losing its lead in arms technology, its biggest non-oil export.<\/p>\n<p>China paid billions of dollars in the early 2000s for fighter jets and other weapons. But in another sign of the limits to cooperation, Russia suspended sales after 2004 due to complaints Beijing was copying its missile and other technology. Sales didn&#8217;t resume until 2014.<\/p>\n<p>China&#8217;s imports from Russia, mostly oil and gas, rose 49% last year to $76.4 billion, according to customs data. The Global Times newspaper reported Russia overtook Saudi Arabia as China&#8217;s biggest foreign oil supplier in January and February.<\/p>\n<p>China can buy Russian energy without triggering Western sanctions that prohibit or limit imports into the United States, Europe or Japan.<\/p>\n<p>Beijing values relations with Moscow so highly that it has avoided using that economic power as leverage, said Li Mingjiang.<\/p>\n<p>&#8220;We&#8217;ve seen Chinese caution not to do anything or say anything that may make the Russians upset or suspicious,\u201d he said.<\/p>\n<p>Moscow is uneasy that its dominant role among former Soviet republics in Central Asia might be undermined by Xi\u2019s multibillion-dollar Belt and Road Initiative to expand trade by building ports, railways and other infrastructure.<\/p>\n<p>Putin\u2019s government shares worries with Washington, Tokyo and New Delhi that China is using Belt and Road to expand its strategic influence at their expense.<\/p>\n<p>Beijing tried to mollify Putin\u2019s government by agreeing Moscow would be in charge of security affairs in Central Asia while China would focus on trade.<\/p>\n<p>To sweeten the deal, Beijing invested $1 billion to keep an oil project in Siberia alive after it lost access to Western financing due to sanctions imposed over Moscow&#8217;s 2014 seizure of Crimea from Ukraine.<\/p>\n<p>Beijing wants to keep Putin\u2019s government as a viable diplomatic partner but has avoided doing anything that might trigger sanctions against Chinese banks or other companies or shut them out of Western export markets.<\/p>\n<p>The potential losses for China&#8217;s exporters if it crosses Western governments are immense.<\/p>\n<p>The United State bought 15% of Chinese exports last year, even after tariff hikes in a feud with Beijing over technology and security. The 27-nation European Union bought almost 13%.<\/p>\n<p>And Russia? It accounted for 1.3%. Less than Thailand.<\/p>\n<p>\u201cTo China, the importance of Russia is lower than the West in technology and economic cooperation,\u201d said Li Xin. \u201cBut politically, the importance of Russia to China is on the rise, because of the geopolitical and military suppression of China from the United States.\u201d<\/p>\n<p>___<\/p>\n<p>Associated Press researchers Yu Bing and Chen Wanqing contributed to this report.<\/p>\n<p>___<\/p>\n<p>This story corrects the name of university to Technological.<\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/abcnews.go.com\/amp\/Business\/wireStory\/russias-reliance-china-rises-amid-ukraine-sanctions-98010755\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING &#8212; Like a salesman buttering up his best customer, President Vladimir Putin gushed about China&#8216;s economic success as he welcomed Chinese leader Xi Jinping to the Kremlin. \u201cWe even feel a bit envious,\u201d Putin said Monday as Xi grinned. That was more than idle flattery. China isn&#8217;t just Moscow&#8217;s diplomatic partner in opposing what [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1108603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-1205852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia&#039;s reliance on China rises amid Ukraine sanctions - ABC News - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abcnews.go.com\/amp\/Business\/wireStory\/russias-reliance-china-rises-amid-ukraine-sanctions-98010755\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia&#039;s reliance on China rises amid Ukraine sanctions - ABC News - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"BEIJING &#8212; Like a salesman buttering up his best customer, President Vladimir Putin gushed about China&#8216;s economic success as he welcomed Chinese leader Xi Jinping to the Kremlin. \u201cWe even feel a bit envious,\u201d Putin said Monday as Xi grinned. 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