Chinese exports to Russia fell by about 16 percent in March. Compared to the previous year – Bloomberg reports. The reason is that the country ruled by Vladimir Putin is experiencing increasing difficulties regarding international payments and the growing risk of the Americans imposing sanctions on banks and companies accused of helping the invasion of Russian forces in Ukraine.
Bloomberg also reported that Putin may raise the issue of the need to increase Chinese exports during his talks with Chinese leader Xi Jinping. Their meeting is scheduled to take place next month in the Middle Kingdom. We read: “Russia sees the slowdown as temporary.”
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The Americans threaten China with sanctions
Recently, the Financial Times revealed declassified US intelligence findings proving this It is clear that China supports Russia in its war with Ukraine. The Chinese are scheduled to supply the country ruled by Putin with drone engines and cruise missiles, in addition to the equipment necessary to produce the latter.
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Beijing was also supposed to provide 90 percent. Microprocessors imported by Russia in 2023, which were used in the manufacture of tanks, missiles and aircraft. In addition, the Chinese were to help Moscow improve its space capabilities.
Check also: Putin's secret plan leaked. “It is waging a hybrid war with the United States and its allies.”
Last week, US Treasury Secretary Janet Yellen visited China. During her visit, she warned of “serious consequences” for Chinese banks and exporters if they contributed to strengthening Russia's military capabilities. She said that they “will expose themselves to the risk of US sanctions.”
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