![]() Third, the Russians are simply not that powerful. They are the prime beneficiaries of the Ukraine crisis as long as they remain on the sidelines-and that’s exactly what they intend to do. They want to work with everybody, and keep their options open. The Chinese are more than happy to take money from anyone who will offer it to them. The gas deal, which had been in the works for ten years, finally resolved because the Russians got desperate and sweetened the deal. On Ukraine, the Chinese didn’t support the Russians in the United Nations Security Council they abstained, which was a slap in the face. But that in no way suggests that the two countries are becoming political allies. Yes, Putin took a triumphalist trip to Shanghai last week, signing a $400 billion gas deal. ![]() Second, the Chinese don’t particularly support the Russians. ![]()
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