About three months ago, China changed the way it ordered goods from Russia in a way that sequestered Beijing during western sanctions in Moscow, according to supply chain analysts citing insider information.
He said the move suggests that China foresaw Russia’s plans to invade Ukraine and caused contingencies to allow Russian goods to be imported under sanctions.
Around November or December, China began purchasing all Russian-origin cargo (grains, crude oil, petrochemicals) on a “ship-by-ship” basis. In other words, China will immediately hold the bill for the goods. Ross Kennedy, founder of Fortis Analysis, said it was loaded onto the ship.
Kennedy told NTD, an affiliate of The Epoch Times, on March 3 that this was a rare choice in international trade.
In sea shipping, he said, it is common for the seller, not the buyer, to take responsibility for the goods until they are delivered to the buyer. It also usually bears shipping and insurance costs to ensure that the goods arrive safely at their destination.
“What you’re looking at right now is that the buyer is going to step up and take the risk,” he said in an interview.
“And the reason you see it happening is that sanctions on products coming from certain countries, in this case Russia, can affect their ability to buy those products in those countries. . “
The switch told Kennedy that Chinese officials “certainly knew Russia’s plans for Ukraine for at least some time-even if they weren’t completely collusion.”
The growing friendship between Russia and China has fueled doubts about what role Beijing played before the invasion of Ukraine.
Concerned that Russian President Vladimir Putin would launch a “reckless aggression,” White House officials had previously been involved with China hoping to help avoid the war, but China declined. Yes, a top US policy adviser said at a recent panel event.
Instead, Chinese officials reportedly urged Russia to postpone military action until the end of the Beijing Winter Olympics.
On February 21, the day after the Olympics, Putin deployed troops to two secession areas in eastern Ukraine. Russian troops officially launched an attack three days later.
UN officials said Friday that about 1.2 million people had fled the war in Ukraine. Authorities recorded 1,006 casualties as of March 3, including 331 casualties and 675 injured, but believe that the actual casualties are much higher.
Most of the victims were killed by multi-launch rocket systems and explosives such as missiles and airstrikes, the office said.