An analysis by the Peterson Institute for International Economics (PIIE) indicates that, despite Beijing’s tacit support for Moscow, Chinese exporters appear to recognize the risks of violating sanctions imposed on Russia by the West.
In the report, the Washington-based think tank pointed out that Chinese companies fear being collateral targets and losing access to technology, goods and currency from Western countries if they violate the ban on exporting sensitive goods to China. Russia, notably components and high technology such as semiconductors, considered crucial to the war effort.
Between January and June, exports from China to Russia fell by 38%, compared to the previous semester. By comparison, sales to Russia among the countries that have imposed sanctions on Moscow – particularly European nations and the United States – have fallen by an average of 60%.
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