Russia Dangers Turning into ‘Financial Colony of China,’ Says CIA Chief – thqaftqlm

Russia Dangers Turning into ‘Financial Colony of China,’ Says CIA Chief

Russian President Vladimir Putin and Chinese language President Xi Jinping on the Kremlin in Moscow, Russia March 21, 2023.
Sputnik/Pavel Byrkin/Kremlin through REUTERS

  • CIA director William Burns stated Russia is changing into “increasingly more depending on China.”
  • And it “runs the chance of changing into an financial colony of China over time.”
  • Putin lately dismissed “jealous folks” who say Russia is changing into too depending on China.

The director of the CIA stated that Russia dangers “changing into an financial colony of China” as it’s more and more remoted from the remainder of the world after its invasion of Ukraine.

William Burns was talking at Rice College in Houston on Tuesday, the place he stated that “Russia is changing into increasingly more depending on China and, in some respects, runs the chance of changing into an financial colony of China over time, dependent for export of vitality sources and uncooked supplies,” CNBC reported.

He stated that the nation’s actions had been a “large personal objective for [Russian President Vladimir] Putin’s Russia.”

Russia has turn out to be more and more sealed off from a lot of the world because it invaded Ukraine in February 2022. Many countries, significantly within the West, have positioned sanctions on Russian companies and the nation’s elite.

The sanctions have additionally focused Russia’s banking system, with the EU saying these are geared toward “weakening Russia’s skill to finance the warfare and particularly goal the political, navy and financial elite liable for the invasion.”

In consequence, Russia has more and more appeared to China because the warfare started.

China initially appeared sad with Russia’s invasion of Ukraine, with Putin saying in September that China had “questions and issues” about it.

China’s President Xi Jinping additionally criticized Russia’s nuclear rhetoric in November.

However the warfare seems to have strengthened financial ties, which incorporates China shopping for extra Russian oil now than it did earlier than the invasion started.

US officers have warned that China could also be getting ready to present Russia weapons, although it has not but executed so.

Russia additionally retains political and financial relations with different nations, however lots of them are small nations that have been as soon as a part of the Soviet Union, and nonetheless depend on their financial ties with their bigger neighbor.

Different giant nations have continued to work with Russia economically. Like China, India additionally now buys extra Russian oil than it did earlier than the battle started.

In March, Putin rejected recommendations that Moscow was changing into too depending on China. He stated that those that have been claiming this have been simply “jealous folks.”

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