China's Complex Role in the Ukraine Conflict

This chapter explores China's evolving stance on the Russia-Ukraine conflict, including its initial abstention from condemning the invasion and recent expressions of concern for civilians. It examines the potential impacts of the war on China's economic initiatives, particularly the Belt and Road Initiative, highlighting the risks of aligning too closely with Russia amid international sanctions. Additionally, the chapter touches on the broader implications of financial relationships with Russian oligarchs and the challenges of holding them accountable in the global financial system.