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- For China, the speed and severity with which the U.S. and its allies sanctioned Russia is a warning sign that could guide future economic and foreign policy.
- “This is a very multilateral moment,” said Reva Goujon, senior manager for the China corporate advisory team at Rhodium Group.
- Beijing has refused to call Russia’s attack on Ukraine an invasion. China has focused on promoting negotiations between Russia and Ukraine, and it opposes the economic measures that have been taken against Russia.
©Provided by CNBCChinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China, and South Africa) summit in Brasilia on November 14, 2019.
BEIJING — Since taking office last year, PresidentJoe Bidenhas pursued a strategy of restoring relationships with allies to put pressure on Beijing.
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