It is basically clear that following the invasion of Ukraine by Russia, the only response from the U.S. U.K. and other European power houses would be via sanctions, aimed at crippling the Russian economy (i doubt the possibility though, considering how important Russia is to Europe), but having said that, these countries have gone ahead to stand true with their threats and imposed a couple of sanctions, and according to them, "many more to come", but one significant country that is yet to follow suit is China, as they claim their business with Russia with continue normally, see this excerpt:
China’s foreign ministry said Thursday the country’s trade with Russia and Ukraine would remain “normal” and refused to call the attack an “invasion.” Meanwhile, the customs agency approved wheat imports from Russia.
From the above, it does not look like China has any intentions of joining the mass in imposing sanctions on Russia for invading Ukraine a couple of days ago. If China takes this direction, wouldn't it also encourage other countries to do likewise, and if the sanctions isn't a sweeping one, then it might not have the desired negative effect on Russia that the Eurpean union, U.S and U.K. wants it to have, though the U.S doesn't think that way, see the excerpt below:
China’s trade with Russia isn’t enough to offset the impact of U.S. and European sanctions on Moscow, according to the White House.
Do you agree with the above? In my opinion i think they may be correct, but it would definitely be much better and could stop Russia's invasion of Ukraine sooner if all countries unite to impose sanctions. There is another very important aspect to the news:
In the hours after Russia invaded Ukraine on Thursday, the U.S., U.K. and European Union announced new sanctions aimed at isolating Moscow from the global economy. The sweeping measures did not include restrictions on purchases of Russian oil and gas — a significant driver of the local economy.
I think the above highlights the importance of Russian oil and gas to the world, and as a result do you think it is possible for Russia to face complete isolation? Is Russia more important to Europe, than Europe is to Russia? It is also clear that any sanction imposed would affect the both parties, so to what end is it? What is the possible solution, if any?
Read the full news:
https://www.cnbc.com/2022/02/25/chinas-trade-with-russia-wont-offset-sanctions-us-says.html