People walk past a currency exchange office in Moscow on February 28. The ripple effects from the West’s sanctions against Russia are driving up commodity prices that were already high. Photo: AP
People walk past a currency exchange office in Moscow on February 28. The ripple effects from the West’s sanctions against Russia are driving up commodity prices that were already high. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Ukraine invasion: China’s economy is not immune from the effects of Western sanctions on Russia

  • Commodity prices were already high, and the war in Ukraine will make the energy, food and raw materials that drive China’s economy even more costly
  • Given the risks, Beijing might well conclude that its interests are best served by not going far beyond ‘normal’ trade with Russia

Neal Kimberley
Neal Kimberley

Updated: 1:47pm, 9 Mar, 2022

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People walk past a currency exchange office in Moscow on February 28. The ripple effects from the West’s sanctions against Russia are driving up commodity prices that were already high. Photo: AP
People walk past a currency exchange office in Moscow on February 28. The ripple effects from the West’s sanctions against Russia are driving up commodity prices that were already high. Photo: AP
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