The War Escalated
On September 21, Russian President Vladimir Putin signed some war mobilization orders and took effect on the same day. In a televised address to the country, Putin said the decision was fully appropriate to the current threat facing Russia and had “to support the national defense and sovereignty and territorial integrity and ensure the security of the Russian people and the Russian-controlled people.”Putin said some of the mobilization is only for reservists, including those who have served and have military expertise or expertise, and that they will receive additional military training before enlistment. Putin reiterated that the main goal of special military operations remains control over Donbas.
Observers have noted that this is not only the first national defense mobilization since the outbreak of the conflict, but also the first war mobilization of the Cuban missile crisis, the two Chechen wars and the war in Georgia after the end of World War II, indicating that the situation is grim and unprecedented.
Influence
Transport
Trade transport between China and Europe is mainly by sea, supplemented by air transport, and railway transport is relatively low. In 2020, the EU import trade volume from China accounted for 57.14%, air transport for 25.97%, and rail transport for 3.90%. From the perspective of transportation, the conflict between Russia and Ukraine may close some ports and divert their land and air transport routes, thus affecting China’s exports to Europe.
Trade Demand Between China and Europe
On the one hand, due to the war, some orders are returned or stopped shipping; the mutual sanctions between the EU and Russia may cause some businesses to actively curb demand and reduce trade due to rising transportation costs.
On the other hand, what Russia imports the most from Europe is machinery and transportation equipment, clothing, metal products, etc. If the subsequent mutual sanctions between Russia and Europe become more and more intense, the import demand of the above Russian goods may be transferred from Europe to China.
Present Situation
Since the conflict between Russia and Ukraine, there have also been many situations, including local customers being inaccessible, suddenly forced to withdraw trade orders and so on. The escalating situation has also made many people in the Russian market too busy to care about their business. While chatting with clients in Russia, we learned that his family was also on the front line. In addition to praying for their respective families and calming their emotions, we have also promised them a sense of cooperative security, expressing their understanding of possible order delays and being willing to help them take some of the risk first. In a community with a shared future for mankind, we will try our best to meet them.
Post time: Sep-27-2022