Zürcher Nachrichten - China moves closer to Russia, but wary on Ukraine

EUR -
AED 3.865747
AFN 70.515539
ALL 97.988684
AMD 408.619936
ANG 1.898067
AOA 959.848409
ARS 1050.881298
AUD 1.630717
AWG 1.889175
AZN 1.793369
BAM 1.947353
BBD 2.126476
BDT 125.854108
BGN 1.953443
BHD 0.39664
BIF 3050.56962
BMD 1.052465
BND 1.411889
BOB 7.277503
BRL 6.098618
BSD 1.053132
BTN 88.48434
BWP 14.397687
BYN 3.446583
BYR 20628.312767
BZD 2.122912
CAD 1.482871
CDF 3015.312426
CHF 0.934989
CLF 0.037392
CLP 1031.763368
CNY 7.611957
CNH 7.617794
COP 4678.995994
CRC 535.98028
CUC 1.052465
CUP 27.890321
CVE 110.351363
CZK 25.249375
DJF 187.044483
DKK 7.458613
DOP 63.57297
DZD 140.714887
EGP 51.94378
ERN 15.786974
ETB 128.401099
FJD 2.39641
FKP 0.830728
GBP 0.834884
GEL 2.878534
GGP 0.830728
GHS 16.787226
GIP 0.830728
GMD 74.725385
GNF 9082.772781
GTQ 8.13372
GYD 220.236816
HKD 8.194634
HNL 26.443224
HRK 7.507505
HTG 138.449476
HUF 407.998965
IDR 16744.55928
ILS 3.946327
IMP 0.830728
INR 88.867407
IQD 1379.2553
IRR 44300.884382
ISK 145.103747
JEP 0.830728
JMD 167.254534
JOD 0.746307
JPY 162.42485
KES 136.29821
KGS 91.042215
KHR 4262.483364
KMF 491.05387
KPW 947.218044
KRW 1468.536304
KWD 0.323686
KYD 0.877701
KZT 523.374836
LAK 23104.763132
LBP 94248.235486
LKR 307.675459
LRD 193.653915
LSL 19.176312
LTL 3.107656
LVL 0.636626
LYD 5.130808
MAD 10.538862
MDL 19.136179
MGA 4909.749296
MKD 61.343921
MMK 3418.365062
MNT 3576.2758
MOP 8.44495
MRU 42.056897
MUR 49.687268
MVR 16.260981
MWK 1827.079494
MXN 21.455477
MYR 4.705049
MZN 67.256434
NAD 19.176308
NGN 1753.217538
NIO 38.693914
NOK 11.681903
NPR 141.575263
NZD 1.796552
OMR 0.405208
PAB 1.053142
PEN 4.002565
PGK 4.230646
PHP 61.872349
PKR 292.273408
PLN 4.316317
PYG 8217.357242
QAR 3.831608
RON 4.975848
RSD 116.993095
RUB 105.245494
RWF 1440.824499
SAR 3.953185
SBD 8.830622
SCR 15.470994
SDG 633.061528
SEK 11.567258
SGD 1.413424
SHP 0.830728
SLE 23.789567
SLL 22069.668483
SOS 601.487566
SRD 37.16833
STD 21783.89928
SVC 9.21503
SYP 2644.349579
SZL 19.1763
THB 36.682091
TJS 11.22681
TMT 3.694152
TND 3.323162
TOP 2.464982
TRY 36.244581
TTD 7.15105
TWD 34.204588
TZS 2799.557085
UAH 43.501625
UGX 3865.234559
USD 1.052465
UYU 45.194399
UZS 13508.38782
VES 48.120988
VND 26722.084753
VUV 124.950752
WST 2.938052
XAF 653.117898
XAG 0.034786
XAU 0.000411
XCD 2.84434
XDR 0.793366
XOF 652.005812
XPF 119.331742
YER 262.984715
ZAR 19.177704
ZMK 9473.451167
ZMW 28.914857
ZWL 338.89328
  • RBGPF

    1.6500

    61.84

    +2.67%

  • BCC

    -0.2600

    140.09

    -0.19%

  • RYCEF

    -0.0100

    6.78

    -0.15%

  • CMSC

    0.0200

    24.57

    +0.08%

  • CMSD

    0.0822

    24.44

    +0.34%

  • SCS

    -0.0400

    13.23

    -0.3%

  • NGG

    0.3800

    62.75

    +0.61%

  • RIO

    0.5500

    60.98

    +0.9%

  • VOD

    0.0900

    8.77

    +1.03%

  • BCE

    -0.0200

    26.82

    -0.07%

  • RELX

    -1.5000

    44.45

    -3.37%

  • JRI

    0.0235

    13.1

    +0.18%

  • AZN

    -1.8100

    63.23

    -2.86%

  • GSK

    -0.6509

    33.35

    -1.95%

  • BTI

    0.9000

    36.39

    +2.47%

  • BP

    -0.0700

    28.98

    -0.24%

China moves closer to Russia, but wary on Ukraine
China moves closer to Russia, but wary on Ukraine

China moves closer to Russia, but wary on Ukraine

China and Russia set off alarms in the West this month with the most robust declaration of their friendship in decades but Beijing has signalled it would not back Vladimir Putin if he sent troops in to invade Ukraine.

Text size:

The February 4 joint statement by the neighbours included unprecedented support from Beijing for Moscow's opposition to the expansion of NATO, and came as Washington and its allies were warning of full-scale Russian military action against Kyiv.

It was "quite a quantum shift from what has been a steady intensification, elevation of the content of Russia-China declarations over the last 20 years", former Australian prime minister Kevin Rudd said during an online discussion co-hosted by the Atlantic Council think tank and the Asia Society.

"It is China becoming a global security actor in a way that I personally have not seen before."

China's unusually direct position on NATO and support for Moscow's "reasonable" security concerns have, however, placed it on a diplomatic tightrope, forcing it to balance its close Russia ties with major economic interests in Europe.

With more than 150,000 troops massed on the border with Ukraine, Russia has demanded guarantees that Kyiv will never be allowed to join NATO -- a position in stark contrast to China's long-standing stated foreign policy red line: no interference in other countries' internal affairs.

When asked if there was a contradiction, Chinese Foreign Minister Wang Yi told the Munich Security Conference via video link Saturday that the sovereignty of all nations should be respected.

"Ukraine is no exception," he said.

That position was tested in just two days.

Russian President Putin on Monday recognised two "republics" in Ukraine held by pro-Moscow separatist rebels, and ordered the deployment of troops there.

The United States and its allies blasted Russia for violating the sovereignty of Ukraine at an emergency UN Security Council meeting, but China was circumspect, urging restraint by "all sides".

Putin has "denied the territorial independence and sovereignty -- indeed, the very existence -- of Ukraine", Ivo Daalder, former US ambassador to NATO, wrote on Twitter.

"Both were core... (tenets) of China's approach to the crisis. Putin has blown both to bits."

- Delicate balance -

This is not the first time China has had to strike a delicate balance between its interests and a major international escalation by its strategic partner Russia.

When Moscow annexed Crimea in 2014, China did not join Russia's veto of a UN Security Council resolution on the issue, instead abstaining and mainly offering economic support.

Eight years later, experts say there are again limits to what Beijing can -- or wants to -- do for Moscow.

Among the key factors are trade and financial links with Europe. Overt backing of any Russian belligerence could also threaten the major investment deal Beijing is trying to seal with the bloc.

Further, some analysts say China may not want to escalate already high tensions with the United States.

"The Ukraine crisis... carries significant risk of the bottom falling out of (China's) relationships with the EU and the US," wrote Bill Bishop in the Sinocism China Newsletter.

"I do not believe that Xi and his team want to see Russia invade Ukraine, as they understand the risks from the expected reaction to any invasion."

Others said that, with its support for Moscow's concerns about NATO, Beijing may be looking to its own future security interests.

By implicitly siding with Moscow, Beijing gains "considerable diplomatic leverage" and "presumes that Russia will act likewise when China finds itself in a critical security situation", Richard Ghiasy, an expert at the Hague Centre for Strategic Studies, told AFP.

- Act of defiance -

Despite Beijing's guarded language on Ukraine, observers say the China-Russia joint announcement is still a stark challenge to the United States and its allies beyond the current crisis.

The statement contained challenges to the definitions of democracy and human rights, which Moscow and Beijing have been accused of violating by the West for years.

This prompted scathing criticism in Europe, with some accusing two authoritarian regimes of trying to redefine universal concepts to suit their agenda.

"It's an act of defiance," EU foreign policy chief Josep Borrell said at the Munich Security Conference on Sunday.

"It's a clear revisionist manifesto."

S.Scheidegger--NZN