Virginsky explained the stop of China's investments in Russia/Collage 24 channels “One Belt, One Road”. This is how Beijing seeks to avoid sanctions imposed by the West against the aggressor country due to its full-scale invasion of Ukraine.
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Analyst Andrey Virginsky told Channel 24 about this. He stressed that China is not happy with how Russia set it up with the One Belt, One Road project.
Back to news is the European Union – they just don't get there. That is why now cooperation with Kazakhstan is becoming even more important for the Celestial Empire. At the same time, in all possible senses – both in terms of energy and transit.
Chinese obvious measures
The analyst stressed that all the additional costs that China has are offset by cheap energy imports from Russia. With them, she actually covers the damage that Beijing received in its global project “One Pole, One Road”.
Andrey Virginsky
Analyst
Stopping investment is understandable from China's point of view. They believe that it is not necessary to finance the country and logistics if you do not send any cargo through it, since the recipient will not accept them.
Virginsky noted that Beijing is now repurposing this route to neighboring countries. At the same time, Russia pays China equally with its commodities, which are gas, oil and coal.
How much Russia will lose
In addition, as the analyst added, it is now impossible to calculate how much Russia will lose due to the cessation of Chinese investment. He noted that logistics projects do not calculate in absolute terms.
“Everything depends on the cargo flow, the number of containers, the number of railway connections. To do this, you need to look at the plan and analyze how unfulfilled it is. At the same time, now there is no access to such documents,” said Virginsky.
Virginsky explained the stoppage of investments in the “new silk road”: watch the video
China has stopped investing in Russia: what is known
- In the first half of 2022, China did not sign any new agreements with organizations from the aggressor state. Based on new data from Green Finance & Development Center at Fudan University (Shanghai), for the first time since 2013, China's investment in Russia under the Belt and Road Initiative has dropped to zero.
- This indicates that Beijing is seeking to avoid sanctions, which Western countries are introducing against Russia due to a full-scale invasion of Ukraine. At the same time, this contrasts sharply with past billion-dollar promises and contracts – in particular, in 2022, official Beijing and Moscow signed agreements worth approximately $ 2 billion.
- Experts note that such the downturn may be temporary, as there remains a strong interaction between Russia and the Celestial Empire. In addition, China has significantly increased its energy imports from the aggressor country.
