All articles tagged with #economic dependence
Russia's reliance on China for economic support amid Western sanctions has increased, with China buying Russian oil at discounts and supplying high-tech goods, but this shift has resulted in a less favorable, asymmetrical relationship where Russia is now the junior partner, marking a significant reversal from earlier economic ties.
European Union leaders have pledged to reduce their economic dependence on China and pursue a mutually beneficial economic relationship with Beijing while reducing critical dependencies and vulnerabilities. The leaders emphasized the need to prevent strategic dependencies and diversify economic cooperation. The EU summit concluded without an agreement on a plan to distribute migrants fairly across member states, as Poland and Hungary blocked a statement on the recent migration deal. Poland's Prime Minister vowed to veto any plans that could force countries to take in refugees, while Hungary and Poland continue to resist EU migration policies.