NEW YORK (Online newspaper): Economist Stephen Roach tells CNBC that there is only one person in the world who can push Vladimir Putin to the negotiating table and end the war in Ukraine.
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– Really sitting on the trump card here
“As I see it, there is only one person in the world who has pressure on Vladimir Putin, and that is Xi Jinping,” Roach told CNBC.Squawk Box Asia».
“I mean, China is really sitting on the trump card here, and I think it’s up to Xi to seize this moment,” Roach said of the Chinese president.
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While the United States, Britain, the EU, Norway and several other nations have imposed very extensive sanctions on Russia, China has so far refused to do the same. They have also refused to call Russia an attack on Ukraine as an invasion.
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China has also abstained from UN votes on sanctions and condemnation of Russia.
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– A mistake of historical proportions
Instead, they have argued for “carrying out necessary mediation” in the conflict “when necessary”, as Chinese Foreign Minister Wang Yi put it at a news conference on Monday.
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Roach says China, instead of promoting negotiations, should “threaten to pull the rug out under Putin if he does not play ball.”
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The economist says it will be a mistake for Beijing to intensify its partnership with Russia, while large parts of the world are putting pressure on Putin. According to Roach, this could lead to China being associated as a conspiracy to Russia for “a long, long time to come”.
“He can not afford to continue on that course – it would be a mistake of historical proportions for Xi Jinping,” said Roach.
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China: – The friendship is rock solid
During his annual press conference on Monday, Chinese Foreign Minister Wang Yi said they viewed Russia as the country’s most important strategic partner, adding that the friendship between the two countries was still “rock solid”.
Wang held his annual press conference on Monday on the sidelines of the annual meeting of China’s National People’s Congress. There he commented on the situation in Ukraine, and once again refused to condemn the Russian attack on the country.
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Instead, he referred to Russia as China’s most important strategic partner and said that the friendship between the countries is still “rock solid”.
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– The friendship between the two peoples is rock solid, and both countries’ future prospects for cooperation are very large, Wang said about Russia.
He added, however, that China is willing to look at cooperating with the international community to “implement the necessary mediation” in the conflict “when necessary”. He also added that China will send humanitarian aid to Ukraine.
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– The world’s most important bilateral relations
EU Foreign Minister Josep Borrell said in an interview with El Mundo last week that China should mediate in future peace talks between Russia and Ukraine as Western countries cannot fulfill that role.
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China has repeatedly stated that it will “play a constructive role in requesting negotiations” to resolve the crisis, but has so far refused to commit to participating in or hosting peace talks.
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During Monday’s press conference, Wang described the relationship between Ukraine and Russia as “the world’s most important bilateral relationship”, which “contributes to peace, stability and development” in the world.
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He says last month’s confirmation of the partnership between the countries “clearly and unmistakably showed the world” that both countries “jointly oppose the revival of the Cold War mentality and to nurture ideological confrontations”.
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This month, Russian gas giant Gazprom said it had signed a contract to develop a gas pipeline to China, which could make Russia less dependent on European buyers.
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Wang said the informal alliance would not be disturbed by third parties, in what is being interpreted as a warning to the United States and its Western allies, who have sought to influence China to play a more active role as a negotiator in the Russia-Ukraine conflict.
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– The United States wants to create Asian NATO
Wang also used the press conference to criticize the United States, which he believes creates exclusive clubs around the world.
“The United States is talking about its desire to promote regional cooperation, but in reality they are nurturing rivalry,” Wang said.
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– They talk a lot about wanting a return to multilateralism, but in reality they form exclusive clubs. The real goal of the Indo-Pacific strategy is to establish an Indo-Pacific version of NATO, Wang said.
The Indo-Pacific region includes parts of the Indian Ocean and the Pacific Ocean from countries such as Australia and Indonesia in the south to countries such as China, India and Pakistan in the north.
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