International security/ Results of sanctions

Sanctions against Russia  resulted in dramatic shift of currency exchange rate which helped to dig a ditch between Russian people and the  West. They inevitably boost more cooperation with China in all spheres. In two – three years of difficulties the West will to have deal with quite another Russia.  

The West’s anti-Russian sanctions may give an impetus to the Russian-Chinese business cooperation, including in the financial sphere, a senior Chinese official told journalists.

“Russia and China have already become very important trade and economic partners. Both countries have high complementarity in their economic structures, especially in the sphere of energy resources,”Wang Zhaoxing, a vice chairman of China’s Banking Regulatory Commission, said Friday.

The sanctions, imposed by the Western countries on Russia amid the Ukrainian crisis, will probably create some “temporary difficulties” for Moscow in the economic sphere, but “they cannot affect the development of the trade and economic cooperation between Russia and China,” he said.

“On the contrary, these sanctions can open a very huge space for the Russian-Chinese trade and economic cooperation,” the official said, noting that the two countries have big opportunities for developing cooperation, namely in the spheres of investment and energy resources.

Western sanctions to boost Russia’s partnership with Beijing — Chinese official