Chinese Businessmen Laughing at West’s Sanctions – Russian Foreign Ministry

 / Go to the mediabankChinese President Xi Jinping and Russian President Vladimir Putin attend a meeting at the Kremlin in Moscow, Russia. / Go to the mediabankInternationalIndiaAfricaThe United States and its allies slapped over 15,000 sanctions on Russian officials, businesses, aircraft, and ships after 2022 and the escalation of the Ukrainian crisis into a full-blown NATO proxy war against Russia. But contrary to Western hopes and expectations, the restrictions failed to bring Russia’s economy to its knees.Chinese businessmen are literally laughing at the West’s sanctions packages against Russia, Russian Foreign Ministry spokeswoman Maria Zakharova has revealed.Citing a media report from Friday indicating that the 12th package of EU sanctions may include a Lithuania-proposed ban on the export of European-made nails, tacks, drawing pins, sewing and knitting needles, radiators, and other odds and ends to Russia, Zakharova said that judging by past experience, she can hardly fathom how Russia’s Chinese partners will react to the news.“A year ago I was at a meeting with representatives of Chinese business circles in Moscow. We were talking, and suddenly a message popped up on my phone with news that the US had adopted yet another sanctions package banning the supply of elevators and related equipment to Russia. According to the sanctions’ authors, this measure would ‘paralyze the construction industry in Russia.’ When I read this news to my Chinese colleagues, they burst out in Homeric laughter. They literally howled and roared with laughter,” Zakharova recalled in a Telegram post on Saturday.“After the ‘sanctions hara-kiri’ of the Japanese automobile industry on the Russian market, the most incredible dream of Chinese automotive manufacturers came true. Within six months, they confirmed the veracity of the saying ‘nature abhors a vacuum’,” the spokeswoman added.“It’s scary to imagine what kind of hysteria will begin among Chinese manufacturers of knitting needles and buttons if they learn about this Lithuanian plan to ‘destroy Russian industrial capabilities.’ Where will Lithuania put its wares if such a decision is made? I don’t know, they could put the inscription ‘to spite Russia’ on their highway made of buttons, nails, sewing and knitting needles,” Zakharova summed up.Russian-Chinese trade has hit back-to-back-to-back record highs in recent years, reaching the equivalent of over $176 billion by the end of the third quarter of the current year. The Asian industrial giant has taken to importing record quantities of Russian energy and other natural resources, and has helped fill the gap left by European and Japanese finished goods manufacturers after their exodus from Russia in 2022.MultimediaRussia-China Trade Turnover Sets New Record18 October, 12:17 GMTSpeaking with Chinese media ahead of his visit to the Belt and Road Initiative forum earlier this week, Russian President Vladimir Putin reported a “32 percent growth” in Russia-China trade turnover over the past year, and said that “there is every reason to believe that we will reach the $200 billion mark” by the end of 2023.The reorientation of trade from Europe to China, India and other countries in the developing world has helped Russia weather the storm of Western sanctions and trade restrictions, with the country’s GDP growth expected to reach up to 2.5 percent in 2023 after contracting by 2.1 percent a year earlier.RussiaSanctions Failed EU Expectation to Bring Russian Economy ‘to Its Knees’ – Hungarian Foreign Minister15 October, 03:04 GMT


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