Chicoms helping Russian war efforts

 Daily Caller:

China may have increased exports of electronics and minerals with weapons applications to Russia since the beginning of Russia’s war with Ukraine, according to a Wall Street Journal investigation.

A complex network of independent companies and state-owned enterprises hide overall trading data, which may allow them to bypass U.S. sanctions against doing business with Russia, according to the WSJ. While Chinese officials say China is not sending weapons to Russia, the data suggests that Chinese commodities widely used for military purposes, like microchips and aluminum, are still arriving in Russia in droves. (RELATED: Iran Sending Hundreds Of Armed Drones To Russia)
...

An analysis of Chinese customs data showed that chip exports to Russia doubled to $50 million in May 2022 over the previous 12 months, and other commodities, including electronics, also increased, according to the WSJ. China exported aluminum oxide, which is used widely across aerospace and defense applications, at a volume 400 times greater than 2021.

Overall Chinese exports to Russia fell after the Russian invasion, according to Bloomberg, with computers and other technology exports plummeting by up to 98%, the Washington Post reported.

However, overall trade rose 12% year-on-year in March after China rebuked Western sanctions against Russia, Reuters reported. China has become Russia’s largest importer of oil since the invasion, which may account for part of the rise in trade volume.
...

China and Iran appear to be making money off of Russia's war of aggression in Ukraine. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more