The changes may indicate that the United States has been able to influence China, and now the export of important products to Russia will become more difficult or stop.
China will make it difficult for Russian businesses to buy machinery, equipment and chemicals. From December 1, Beijing will implement an expanded list of dual-use items subject to export controls. This was reported by RosSMI.
So, the updated list, in particular, will include IT equipment, servers and components that are difficult to import into Russia.
Argon welding will also be subject to restrictions. Now, according to market players, they are only supplying the volumes they have agreed and paid for, while new contracts are not being concluded.
The new rules provide for a 25% tax for Chinese companies exporting dual-use goods to Russia. At the same time, there is no information in official statements from China.
In addition, even so, the delivery of goods to Russia through third countries will be problematic: China’s export controls apply to all international shipments. According to the new requirements, Chinese exporters, in addition to a special license, must provide information about the final recipient of the goods. This will complicate payments.
These changes may indicate that the United States has been able to influence China, and now the export of important products to Russia will become more difficult or stop.
In the past, Chinese companies began to refuse direct supplies to Russia, requiring the redirection of imports through third countries. This applies, in particular, to goods included in sanctions lists, such as electronics.
Recently it became known that the PRC planned to limit supplies to other countries, including Russia, of military products, including drones.
Let’s remember that, according to US Deputy Secretary of State Kurt Campbell, China is giving Russia “very significant” help to strengthen the Kremlin’s military machine in exchange for secret Russian military technologies of submarines and missiles.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.