"...Their exodus might be painful for Russia and for the Kremlin, especially as Beijing's alleged fear of Western sanctions would signal that even leaders who have remained close to Moscow after the start of the war in Ukraine are wary of the likely financial cost of standing by the Kremlin...."
Russia literally does not care, they can still get massive trade deals from South America, Africa and India. Those plus Russia’s natural resources means she can sail this storm way longer than Globo-homo-NATO
Send in the Western sanctions clowns!
Why do zeepers think leftest news sources are credible?
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Russia has assembled a large ghost fleet that is shipping oil and grain around the world.
“...they fear being subjected to secondary sanctions from the U.S”
Don’t bet on that one. The US has so many dollars and time of businesses invested in China they’d be cutting off their nose despite their face. And that doesn’t count the businesses that Hunter has in China that Joe would have to protect. China has the financial clout to make more trouble for us than Russia any time.
U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022. Exports were $195.5 billion; imports were $562.9 billion. The U.S. goods and services trade deficit with China was $367.4 billion in 2022.
U.S. goods exports to China in 2022 were $154.0 billion, up 1.7 percent ($2.6 billion) from 2021 and up 39 percent from 2012. U.S. goods imports from China totaled $536.3 billion in 2022, up 6.3 percent ($32.0 billion) from 2021. U.S. exports to China account for 7.5 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with China was $382.3 billion in 2022, a 8.3 percent increase ($29.4 billion) over 2021.
U.S. exports of services to China were an estimated $41.5 billion in 2022, 5.2 percent ($2.1 billion) more than 2021. U.S. imports of services from China were an estimated $26.6 billion in 2022, 24.1 percent ($5.2 billion) more than 2021, and 97 percent greater than 2012 levels. Leading services exports from the U.S. to China were in the travel, intellectual property, and financial services sectors. The United States had a services trade surplus of an estimated $14.9 billion with China in 2022, down 17.3 percent from 2021.
U.S. foreign direct investment (FDI) in China (stock) was $126.1 billion in 2022, a 9.0 percent increase from 2021. U.S. direct investment in China is led by manufacturing, wholesale trade, and finance and insurance.
China’s FDI in the United States (stock) was $28.7 billion in 2022, down 7.2 percent from 2021. China’s direct investment in the U.S. is led by manufacturing, real estate, and depository institutions.
If folks here took the time to read through this, they will get the idea we are screwed. And this doesn’t tke into effect the losses on investments China has here. So, if anyone thinks that the US is going to bring the hammer down financially on China, they are out of touch with the world. No chance.
wy69
I'm sure that will work out just like all the wonder weapons that were going to change the course of the war in Ukraine.
Dream on, Zeepers!
China is having its own economic problems. They may not be interested in foreign investment period, and less so with Russia. Perhaps it even suits them to see Russia weakened further.
Nuke them for this
China is taking a pre-emptive move before President Trump is re-elected. They know Joe will never enact true sanctions, so they must know that Trump will be elected.
Newsweek = propaganda