As news broke on Saturday that mercenary Wagner troops were careering towards Moscow in a short-lived rebellion, several businessmen from southern China began frantically calling factories to halt shipments of goods destined for Russia. | Reuters
Though the crisis has eased, “some people remain on the sidelines, as they’re not sure what will happen later,” he added, declining to name the companies pausing shipments.
“It has put a fly in the ointment of that ‘no-limits’ relationship,” said Singapore-based security analyst Alexander Neill. At the heart of China and Russia’s relations is a shared opposition to what they see as a world dominated by the United States and the expansion of the NATO military alliance that threatens their security.
China “will be more cautious with its words and actions about Russia”, said Shanghai-based international relations expert Shen Dingli.Yang Jun, a professor at Beijing’s China University of Political Science and Law, wrote a commentary published on Saturday that called for China to directly support Ukraine to avoid being “dragged into a quagmire of war by Russia”.
Other China-based academics, however, said Beijing would not change its stance on Russia as a result of the incident.China is Russia’s top trading partner, with Beijing exporting everything from automobiles to smartphones and receiving cheap Russian crude oil that faces sanctions in much of the rest of the world.
“Should Russia lose the war or see changes in the domestic leadership, it will create huge uncertainties for Chinese investors,” said Michal Meidan, head of China energy research at The Oxford Institute for Energy Studies.
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