| Author (Person) | Gabuev, Alexander |
|---|---|
| Publisher | European Council on Foreign Relations (ECFR) |
| Series Title | Policy Brief |
| Series Details | February 2015 |
| Publication Date | February 2015 |
| Content Type | Journal | Series | Blog, News |
|
A $400 billion deal to export gas to China, a $24.5 billion currency swap agreement, opening up to Chinese participation in infrastructure projects: from an initially apprehensive reaction to China’s economic rise, Putin’s Russia has made a dramatic turn towards China after sanctions were imposed in 2013 by the US, EU and other countries. In ‘A 'Soft Alliance'? Russia-China Relations After the Ukraine Crisis', author Alexander Gabuev discusses how Putin sees in its Asian pivot a way to strengthen the most vulnerable parts of its economy: dependence on the European energy market, dependence on Western capital markets, and dependence on technologies. Gabuev further explores the change in the relationship between the two powers. According to the brief, the danger for the EU in this Eastern rapprochement lies in the fortification of the Russian economy against sanctions, and in an increased assertiveness for China. Gabuev sees two possible options for an EU response: 1. Seek to isolate Russia further by developing sanctions with the US against third-country companies that do business with sanctioned Russian entities 2. Create other options for Russia by allowing Japan and South Korea not to uphold the sanctions regime |
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| Source Link | http://www.ecfr.eu/page/-/ECFR126_-_A_Soft_Alliance_Russia-China_Relations_After_the_Ukraine_Crisis.pdf |
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| Countries / Regions | Russia |
