As the war rages in Ukraine, China’s bilateral partnership with Russia has grown substantially: China is the largest trade partner for Russia and Ukraine, and trade between China and Russia reached a record high of $146.9 billion in 2021, up 35.8% year-on-year, according to China’s customs agency. But sanctions and counter-sanctions against Russia have affected China’s exports and undermined the Belt and Road Initiative (BRI), causing global supply chain disruption. China is seizing opportunities to buy Russian wheat, fertilizer, oil and gas at cheap prices. Additionally, China’s zero-Covid policy could pose further risks for global economic stability.
Join the FiscalNote Executive Institute May 17 from 10-11 a.m. ET for “How Will China’s Strategic Ties with Russia Create Geopolitical Risk for Companies?” an invite-only virtual roundtable featuring Omar Vargas, Vice President & Head of Global Policy at GM, Kevin Rejent, Senior Counsel – Regulatory & Government Affairs at Energizer, and Ritika Singh, Program Officer on the Global team at the Center for International Private Enterprise (CIPE) and former Senior Manager on the Global Government Affairs and Public Policy team at Walmart, where she helped implement the company’s advocacy and engagement strategies in India and China. Mark McNamee, Director, Europe, FrontierView, will be moderating.
This program will cover:
- How can companies assess geopolitical risks created by China and Russia’s win-win cooperation?
- What challenges will China’s interest in Russia’s resources create for the growing energy crisis and global food security?
- How will China-Russia ties affect companies that depend on China’s exports and supply chain routes?
- Could China’s zero-Covid policy disrupt economic recovery?
- Should China still be viewed as a solid strategic investment opportunity?
