The Briefing Room
General Category => World News => Topic started by: Elderberry on July 26, 2022, 01:04:32 am
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The Telegraph by Louis Ashworth 7/25/2022
https://www.telegraph.co.uk/business/2022/07/25/blow-putin-china-abandons-investment-russia/ (https://www.telegraph.co.uk/business/2022/07/25/blow-putin-china-abandons-investment-russia/)
Russia received no money through China's Belt and Road initiative in first half of 2022
China has not funded any new infrastructure projects in Russia for months as Beijing focuses its attention on preventing a financial crisis at home.
Financing and investment through the Chinese Belt and Road Initiative (BRI) fell to $28.4bn (£23.6bn) over the first half of 2022, down from $29.4bn during the same period last year, according to a study by the Green Finance & Development Center at Shanghai’s Fudan University.
No money went to new projects in Russia, Sri Lanka or Egypt, all of which had previously been key beneficiaries of Chinese spending. The lack of engagement with Russia suggests Chinese businesses may be afraid of falling victim to secondary sanctions introduced against Moscow over the invasion of Ukraine, and comes despite the pair insisting that their friendship had "no limits" shortly before the war began.
BRI was formally adopted in 2013 as part of efforts by Beijing to expand its influence across Asia, Africa, South America and parts of eastern Europe.
More at link.
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:bkmk:
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China's game all along was "Let you and him fight."
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Russia is taking the place of North Korea as the biggest hermit kingdom. Putin has assured Russia will fall back to a 4th world nation economically, right behind Sierra Leone.
Laughable how utterly STUPID Putin and all that surround him are!!! Dumber than a box of Siberian rocks!
And what is sad is that he and his propaganda machine are telling the Russian people they are losing hundreds of men in Ukraine, when in fact the latest reported number was up around 35,000 dead Russians. Now imagine of one of those boys was your son. Would you want Putin's head on stick? Yeah, you bet!!! The day of reckoning is coming for Putin and his henchmen. I fully expect many will end up in Lubyanka Prison lined up against a wall!!!