Tag Archives: Sanctions

Russia and China Cement Relationship – Slam Biden’s “Illegal” Sanctions of Russia

Joe Hoft
April 4, 2022 

Russia and China cement their relationship and together claim that Biden’s sanctions against Russia are “Illegal”.

Radio Free Asia reported on the recent meeting between Russia and China.  Biden’s actions to date have emboldened the two countries while bringing them closer together.

Russia and China further cemented their alliance on Wednesday, hitting out “illegal” international sanctions on Russia in response to its invasion of Ukraine.

“The ministers had a thorough exchange of views on the situation around Ukraine,” the Russian foreign ministry said in a statement following talks between Russian foreign minister Sergei Lavrov and his Chinese counterpart Wang Yi in the eastern province of Anhui on Wednesday.

“The head of the Russian foreign ministry informed his Chinese counterpart about the progress of the special military operation … and the dynamics of the negotiation process with the Kyiv regime,” the statement said.

“The sides noted the counterproductive nature of the illegal unilateral sanctions imposed on Russia by the United States and its satellites.”

The article continues:

“There is no limit to China-Russia cooperation, no limit to our efforts to achieve peace, safeguard security and oppose hegemony,” Wang told a regular news briefing in Beijing.

“China-Russia relations are non-aligned, non-confrontational and not targeted at any third party,” the spokesman said.

On Ukraine, Wang Wenbin said China would “play a constructive role and provide assistance to normalize the situation in Ukraine,” adding, “any action that could add fuel to the fire or exacerbate controversies must be prevented.”

Lavrov, who is in the country ostensibly for talks about the future of Afghanistan, said the international community is “living through a very serious stage in the history of international relations.”

It’s clear that China and Russia know that Biden is weak and as a result, America is the most vulnerable it has been for a century.  It appears these two countries are on a joint mission to destroy the US.  China has been at war with the US for years, both economically and with information.

Under Biden, China is winning.  The response from Biden related to Russia’s efforts in Ukraine leads many to think China will do the same and invade Taiwan.

These two countries have never had an opportunity like they do today to destroy the US.  By acting together they are a formidable foe for the US after only one year with Biden in power.

Russia Sanctions President Biden, Hunter Biden, Hillary Clinton, Secretary Blinken & Top Defense Officials

 Moscow has hit back against Washington by sanctioning top US leadership, including President Joe Biden himself. The punitive retaliation measures extend to the chiefs of the Pentagon, and Secretary of State Antony Blinken and CIA Director William Burns. Russian state media announced in a Tuesday statement:

“Russia on Tuesday sanctioned US President Joe Biden, Secretary of State Tony Blinken, Defense Secretary Lloyd Austin, and ten other administration officials and political figures. Moscow has said that the sanctions are a reciprocal measure, imposed after Washington blacklisted top Russian leaders, including President Vladimir Putin.”

Despite the measures being largely symbolic – as it will be essentially impossible for Moscow to actually go after US officials’ assets unless they are held in Russia itself (and certainly no top American official is looking to travel to Russia anytime soon) – it signals that tensions with the West are ratcheting fast, with increasingly few off-ramps as the two sides chart a war-footing course. 

According to breaking details in Bloomberg:

  • Sanctions would block entry to Russia, freeze any assets there
  • “We aren’t refusing to maintain official ties if they correspond to our national interests,” ministry says, adding sanctions would not impede high-level contacts if needed

“The list of sanctioned individuals includes 13 people, including US President Joe Biden, US Secretary of State Anthony Blinken, CIA Director William Burns and Son of US President Hunter Biden,” it’s being reported.

* * *

Here is a snapshot of the latest market-moving news out of Ukraine from the last few hours, courtesy of Newsquawk:

Discussions/Negotiations

  • Ukrainian President Zelensky said negotiations with Russia will continue on Tuesday.
  • Ukrainian presidential adviser said Russia’s territorial claims are unacceptable and Ukraine is ready to continue negotiations on remaining issues, while the adviser added that a peace agreement could be signed within 1-2 weeks at the earliest and May at the latest, according to CCTV.
  • Ukrainian President’s office confirms that the Czech, Polish and Slovenian PMs are to visit Kyiv on Tuesday.
  • Russian Kremlin says that work is continuing between the Russian and Ukraine delegations, does not wish to predict the outcome of talks but it is a positive that talks are continuing.

Energy/Economic Updates

  • US State Department said the US added 11 members of Russia’s Defense Enterprise to the anti-Moscow sanctions list, according to Sputnik.
  • Japan imposed sanctions on an additional 17 Russians
  • Equinor (EQNR NO) is to stop trading in Russian oil and oil products, while it will not enter any new trades or engage in the transport of oil and oil products from Russia, but noted will receive for oil cargoes in March as part of pre-invasion commitments.
  • US Treasury official said Russian sovereign bond default would make it difficult for Russia to find future lenders, increase Moscow’s borrowing costs and drain resources, while the official sees limited exposure in the US financial system to Russian sovereign bonds and noted that falling prices of Russian sovereign bonds suggests investors see a high probability of a default and are preparing for alternative payment outcomes.
  • Yamal-Europe pipeline has suspended flows, via Reuters citing Gascade data; preliminary bids for eastward flows to Poland have emerged; subsequently, gas flows via the Yamal pipeline have reversed and flow eastwards to Poland from Germany, according to Gascade data.

Defence/Military

  • US President Biden said they will make sure Ukraine has weapons to defend against the invading Russian force, while they will send money and food and aid to save Ukrainian lives.
  • Ukrainian air force claimed that a Russian drone crossed into Poland before returning to Ukraine and was shot down by air defences.
  • UK Ministry of Defence said it hadn’t seen evidence to support Russian accusations of Ukraine intending to use chemical and biological weapons, while it added that Russia could be planning to use such weapons in a false-flag operation.
  • ELINT News reported loud explosions in downtown Kyiv, which could be missile strikes.
  • Russian forces have taken full control of Kherson, Ukraine, according to Sputnik citing the MoD.
  • Ukraine Presidential adviser says Russian forces are not trying to take Kyiv at the moment; additionally,
  •  Mykolayiv Governor says the situation in the region is calmer as Russia forces have been pushed back slightly from the regional capital.
  • Ukraine authorities have issued a country-wide air raid warning

Third Party

  • CNBC’s Kayla Tausche tweeted that NATO leaders are discussing holding an extraordinary meeting in Brussels late next week which US President Biden and other heads of state would attend, according to officials, but added it is not yet final.

Other

  • Majority of US GOP Senators vowed to not support a new nuclear deal with Iran, according to Sputnik.
  • Russian Foreign Minister Lavrov says an agreement on the revival of the Iranian Nuclear deal is on the finishing straight. Meeting with the Iranian Foreign Minister in Moscow
  • North Korea could conduct a nuclear test before or after the May 10th inauguration day for the incoming South Korean President, according to DongA.
  • Pakistan’s Foreign Minister rejects the statement from the Indian Defence Minister on the “mistaken missile launch”, stating that it is “incomplete”.

Russia To Ban Fertilizer Exports To “Not Friendly” Countries; China Warns US Against Retaliation

Russia’s war on Ukraine is continuing to boost food prices. While the US and European countries are engaged in economic warfare against Moscow, it appears Russia’s turn to strike back has emerged.

On Thursday, Russian Minister of Industry and Trade Denis Manturov said Russia decided to suspend fertilizer exports. This comes when global food prices are at record highs and European fertilizer makers are struggling to produce nutrients ahead of the spring growing season, increasing global food inflation risks.

President Vladimir Putin said the fertilizer export ban was a move to ensure stable domestic food prices. This is another sign of growing protectionism worldwide as countries grapple with soaring food prices. Putin said fertilizer markets are deteriorating, making food a lot more expensive.

Notably, Putin added that Russia has agreements with “friendly countries” on fertilizers.

Making matters worse, Interfax, an independent Russian news agency, reported earlier that Moscow is considering retaliatory economic measures to ban exports of certain agricultural products to countries outside the Eurasian Economic Union.

Interfax said Moscow could temporarily ban grain exports to the Eurasian Economic Union (EEU) and ban sugar exports beyond the EEU. This may result in declining food supplies for those countries and soaring food costs.

Add this to the fertilizer ban and Europe and maybe the West is headed for a major food crisis. 

Possible Russian retaliatory measures follow a series of Western sanctions on Russia, which have collapsed the ruble, locked the central bank out of a large chunk of its foreign-currency savings, and crushed its ability to trade with the outside world by removing certain Russian banks from SWIFT.

Russian President Vladimir Putin has been quoted well before the invasion of Ukraine of the need to strengthen an emerging multipolar world order.

“It is important to maintain and boost mutually respectful, constructive and effective cooperation globally, as well as to strengthen the emerging multipolar world order that consists of independent centers of economic growth and political influence, which certainly includes BRICS,” Putin emphasized.

It’s early to declare if Western sanctions will paralyze Russia, but what appears to be happening is that the global economy is becoming more fractured than ever as a great power struggle between the West and East flourishes.

E-Course: Bio-Intensive Gardening

Earlier this week, Russian banks that were cut off from SWIFT turned to China’s state-owned UnionPay system. Also, Russian Foreign Minister Sergei Lavrov said Thursday its oil and gas firms have other buyers as many Western nations halt or wind down purchases for energy products.

The global economy is splintering, and Russia could be inclined to unleash retaliatory economic measures outside the Eurasian Economic Union. This area in Eastern Europe, Western Asia, and Central Asia, is also home to some of China’s Belt and Road Initiative, also known as One Belt One Road… and likely includes numerous so-called “friendly countries” including China.

Meanwhile, China FM Spokesperson, Zhao Lijian, was quoted earlier today as saying Beijing will retaliate with a “serious response” if the US hits sanctions on China over Ukraine. 

Things are getting a little bit out of control.

Source: ZeroHedge