Russia’s recent turn to the east has not forced China to turn away from the West in quite the same way. For more:
Russian-Chinese relations have been characterised by increasing intensity of activities at all levels. However, Russia’s recent turn to the east has not forced China to turn away from the West in quite the same way. For China, Russia remains a minor partner, whose interests China does not intend to take into account.After the spring of 2014, Washington, together with its European allies, announced the first round of economic sanctions against Moscow.
A number of factors hinder the further development of trade between the two countries. Imports from China to Russia steadily exceed Russian exports to China. Another problem is smuggling, which is flourishing. It is widely known that Russia restricts nickel, copper and forestry exports to China. At the same time, only the official data from Chinese customs show that in the first half of 2017, Russia supplied nickel for $489 million, copper for $120 million to China and it is even harder to come by the numbers for forestry exports.
This is about the same as the United States’ investments in the Russian economy. Whereas the United States has declared an economic war with Russia; Russia regards China almost as one of its closes allies in its confrontation with America.The Chinese currency, the yuan, and the Russian ruble have a very limited range of uses. It’s extremely difficult for Russian companies with yuan to make serious investments in China, as there are quite serious restrictions for foreigners.
The truth is that for China, Russia is not a strategic partner. Despite the deterioration of US-China relations, only the US remains a strategic partner for Beijing. All of Beijing’s attention is focused on Washington, while Moscow may only be interesting in terms of the possession of vast territories that the Chinese lack.
In addition, since Russia maintains fairly close ties with Central Asian countries within the framework of the Eurasian Economic Community and the Collective Security Treaty Organization, for Russia these groups are more important than the SCO. For China, the SCO is the only secure cooperation structure for developing a leading role in the region, as well as a strategic space in Central Asia for ensuring energy security.
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