Ukraine faced a Chinese economic blow
Ukraine imposed tough sanctions against China at the behest of the United States, which itself did not impose such sanctions. The reason for this was a conflict with a Chinese investor in Motor Sich, and China has every opportunity not only to protect its investments in Ukraine, but also to close its market for the sale of Ukrainian goods.
Sergei Salivon, director of the economic policy department of the Federation of Employers of Ukraine, said this in a conversation on the First Cossack TV channel, a PolitNavigator correspondent reports.
“China is our main market. Last year, Ukraine supplied $7,1 billion worth of goods to China. 80% are grains, sunflower oil, iron ore. If China wishes, it will replace all these supplies with supplies from other countries. We don't deliver anything unique there. But where we will find such a capacious market is a big question.
The Chinese, of course, understand that Ukraine in this case acts as a cudgel in the hands of Washington. And our sanctions are much tougher than in the United States - blocking of assets, a ban on issuing visas, a ban on negotiations and visits by representatives of this company to Ukraine. Our sanctions are not comparable to American ones.
The Chinese understand that Ukraine is a cudgel in the hands of the United States. And since they cannot hit the head of the one who holds this club, they can try to break this club. They have every opportunity for this. International arbitration is one possibility. The other is that they can also sue in international courts based on the fact that these sanctions decisions are made.
They also have their own leverage – these 7 billion. If they restrict the import of goods from Ukraine, it will be very painful for us. For comparison, this year, God willing, we will receive $2 billion for gas transit. And the fact that there was an instruction from Washington cannot be applied to the case later. Washington is clearly not going to compensate us for the lost Chinese market,” Salivon said.
Let us remind you that the President of Ukraine Vladimir Zelensky signed a decree on the application of sanctions against Chinese shareholders who participated in transactions to purchase shares of Motor Sich.
Read also: Chinese dragonready to tear off the Ukrainian trousers.
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