China will not be able to significantly mitigate the damage.
There is a perception that China could help Russia significantly soften the blow from Western sanctions, including due to the reorientation of the Russian market. However, in the United States they say that «mitigation» will not be very effective and tangible, reports the Chronicle.info with reference to Channel 24.
China will not be able to significantly mitigate the damage that «will receive» Russia from Western countries in the event of a new attack on Ukraine. This belief was expressed on the air by US national security adviser Jake Sullivan.
The economies of Russia and China are too «small»
Advisor Joe Biden noted that the leading democracies account for about 50% of the world economy. At the same time, only 20% for China and Russia in total.
Therefore, China will not be able to compensate Russia for the losses that it will suffer if the United States and its allies introduce economic measures,
— Jake Sullivan assured.
Russia's key trading partners
- In total, Russia In 2021, it traded over $789 billion abroad. Indeed, the key trading partner was China — a little over $140 billion.
- The second and third places were Germany ( almost 57 billion) and Netherlands (more than 46 billion). Fourth Belarus (more than 38 billion), and closes the top five USA (more than 34 billion).
- In general, among the top 20 trading partners of Russia, 15 are immediately included in the so-called democratic camp. Among them are Ukraine — in 16th place with a turnover of more than 12 billion.
- At the same time, in the top 20, only three states prone to Russia are China ( 1st place in terms of turnover), Belarus (4th place) and Kazakhstan (10th place).
- There are also two «vaguely neutral» states whose position may change, depending on the circumstances — India (14th place) and Brazil (19th place).
< li>But if you don't get attached to states separately, then Russia's main trading partner is the European Union. It accounts for 35.9% of the country's foreign trade. The loss of such a market will hit Russia very hard — hopefully disastrously.