[Salon] Asian Giants Tread a Fine Line on Putin’s War



https://www.bloomberg.com/news/newsletters/2022-03-30/asian-giants-tread-a-fine-line-on-putin-s-war?utm_medium=email&utm_source=newsletter&utm_term=220330&utm_campaign=bop

Russia’s Foreign Minister Sergei Lavrov is making two very telling trips this week.

In China today ostensibly for a meeting of countries bordering Afghanistan, Lavrov took the chance to discuss the war in Ukraine with his local counterpart.

But Beijing is being very low key about the visit. That’s as it faces international criticism for its stance of not condemning Russia for the war as well as threats of economic penalties should it help Russia skirt international sanctions.

Key reading:

China’s Foreign Ministry, in its daily briefing today, limited itself to a few generic comments on overall ties with Russia. Chinese companies have, to all accounts, been trying to work out how to comply with sanctions even as Beijing hasn’t officially joined the economic squeeze on Moscow.

The fear is that China and Russia, with much in common (although Beijing views Moscow as the junior partner), act ever more as a bloc.

But while China avoids public criticism of Vladimir Putin for his war and is averse to mechanisms that damage its own economic progress, President Xi Jinping is probably loathe to put himself in the middle of Putin’s political fights with the U.S. and Europe.

Tomorrow Lavrov heads to India, a country that has similarly failed to condemn Russia for the invasion and which continues to trade with it, especially in oil and weapons. New Delhi is in fact considering a proposal from Moscow to use a system developed by the Russian central bank for bilateral payments, bypassing SWIFT — the Belgium-based cross-border payment system operator — from which it has largely been cut off.

The criticism of India for its stance on Russia has been far more muted. India is a member of the Quad alliance with the U.S., Japan and Australia that seeks to limit China’s military and strategic clout. It is also a democracy, as opposed to authoritarian China.

The question is how long the relative leeway for Delhi can go on, though, if India continues its business-as-usual approach to Russia. Rosalind Mathieson

Putin and Indian Prime Minister Narendra Modi in New Delhi on Dec. 6. Photographer: T. Narayan/Bloomberg


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