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

Popular posts from this blog

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

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

Is the F-35 obsolete?