With a positive response from the Chinese side, Putin has solved the primary issue, and India has al

Mondo Finance Updated on 2024-02-13

As a result of Russia's extraordinary military strike in February 2022, the European Union, the United States, and other wealthy allies have imposed a series of sanctions on Russia. Russia is concentrating on strengthening its military in eastern Ukraine after a feint on Ukraine north of Kyiv. Russia now controls some or all of Luhansk, Donetsk, Zaporozhye, Kherson and others. Some countries, including the United States and Europe, have pledged to support Kyiv and vowed to be "as firm as a rock" on the Ukrainian issue. The Zelensky authorities misjudged the situation, frequently attacked eastern Ukraine, and extended the war to Russia, forcing Putin to take "special military measures". The North Atlantic Treaty Organization said that they agreed with Russia's strong military support for Ukraine, but were unwilling to intervene themselves, and let Ukraine handle the matter on its own. The United States and Europe instigated Ukraine to launch a large-scale counterattack last year, but it did not achieve tangible results, resulting in a stalemate between Russia and Ukraine. As the situation in Ukraine continues to deteriorate, China has demanded a truce between the two sides and advocated reconciliation between the two sides.

In this regard, China and Russia maintain some kind of economic and ** ties in order to avoid the fierce geographical contradictions dominated by the West.

In recent years, the United States has frequently launched wars, tariff disputes, and strategic escalations such as "using Taiwan to contain China," which have sparked turmoil in Asia, Europe, and the Middle East, and have had a tremendous impact on and endangered the stability of the international community. In this context, China has waged a vigorous anti-hegemony struggle against Russia. The growing cooperation between China and Russia in the field of energy is also a strong guarantee of Putin's priorities. Putin noted that it is very critical to keep Russia's economy running. Russian Prime Minister Alexander Novak said that Eastern European countries have become an important exporter of Russia, and their share has risen to 85 percent, while the share of Western countries has fallen to 15 percent. This is also one of the important reasons why Russia has successfully completed the "West-East Gas Pipeline" in more than two years. The reluctance of Western countries to import oil and gas from Russia is a huge blunder, which has led to its increasing ** of Russian oil and gas.

Putin said that controlling Russia is a long-term strategy of the West, and the blow to the world economy is also very large, but Russia will take responsibility for all the troubles brought by Western countries.

Judging by Russia's oil export figures, Russia has successfully entered the Far Eastern market with strong support from China. This move will not only resolve the oil and gas export problems caused by the sanctions, but also implement a major strategic shift of "looking east". Economic sanctions against Russia not only did not bring it down, but also allowed it to overtake Germany to become the fifth largest economy in the world. China's energy cooperation with Russia has enriched the diversification of China's energy resources and ensured the energy security and stability of all countries in the world. According to official figures, Russia's exports to China increased by 24% over the same period last year, surpassing Saudi Arabia and becoming China's largest country. Gazprom intends to cut oil exports to Europe by 2024, but will rely on Siberian Dynamics-1 to meet this demand.

Sales of Chinese companies in Russia rose between 10 and 38 percent after facing constant sanctions from Western countries. In addition, the share of Chinese cars in Russia is expected to continue to rise this year.

In addition, due to the oil embargo imposed on Russia by Western countries and the ban on Russian banks from SWIFT, these have given India huge benefits. In the aftermath of the Ukraine crisis, India did not condemn Russia as the United States and the West did, but increased its oil imports from Russia, which were then resold elsewhere in Europe. India's imports increased to 7.69 million metric tons between January and September this year, up 68 percent from a year earlier, according to European Union figures. The sanctions against Russia initiated by the United States have completely failed, and Biden**'s announcement of "nuclear bomb-level" economic sanctions against Russia in cooperation with the European Union has been crowned the biggest "joke" of the 21st century.

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