‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?
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Diverging Reports Breakdown
‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?
The fallout from the war in Ukraine for Russia has created an opening for Chinese firms in the Russian market. Western companies that once operated in Russia have been pushed aside by Asian competitors. In some sectors, this shift is unlikely to be fully reversed, no matter how the war ends. China accounted for approximately 89% of Russia’s microchip imports by dollar value in the first half of 2023 and for 71% of all imported material processing machines in 2024, compared to about 25% in 2021. China has also replaced the West as the top buyer of Russian oil and gas, an important source of foreign currency and tax revenue for the Russian economy. The U.S. Secretary of State Marco Rubio also said the Russia-China embrace was worrisome, although he admitted that it would be difficult to completely “peel off” Russia from China. The two countries said they discussed prospects for economic cooperation in negotiations this spring, but no specific steps were taken. It is not clear whether Russia and China will reach a peace deal to end the Ukraine war.
Source: Themoscowtimes.com | Read full article
The wise way to ‘un-unite’ Russia and China
In October 2024, then-presidential candidate Donald Trump remarked, “I’m going to have to un-unite them, and I think I can do that, too.” President Trump’s recent flurry of diplomatic outreach to Russia and the open rift opening between Washington and Kyiv may be the first step in an American effort to distance Moscow from Beijing. For all its drawbacks, the idea of conciliating Russia to wean it from China is strategically sound. It would help undermine what some call a “quasi-alliance” between Beijing and Moscow while allowing Washington to focus attention and resources on its rivalry with China. And while the conflict in Ukraine has dramatically deepened, the two have been strengthening ties since the mid-1980s and were close partners well before Russia”s 2014 invasion of Crimea. It is why some argue that driving a wedge between China and Russia is destined to fail and should not even be attempted. In addition to being Moscow’s most capable defense partner and leading trade partner, Beijing shares its ideological hostility toward the West.
Source: Asiatimes.com | Read full article
Global Perspectives Summary
Our analysis reveals how this story is being framed differently across global media outlets.
Cultural contexts, editorial biases, and regional relevance all contribute to these variations.
This diversity in coverage underscores the importance of consuming news from multiple sources.
Source: https://www.themoscowtimes.com/2025/05/19/it-will-never-be-the-same-can-the-west-win-back-russias-market-from-china-a89126