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EU to break ranks with US on Russia and China trade – Bloomberg

The bloc is reportedly unwilling to pursue the hawkish stance on trade with Beijing and Moscow being promoted by Washington
EU to break ranks with US on Russia and China trade – Bloomberg
© Getty Images / Buena Vista Images
The European Union does not intend to condemn Russia and China for "economic coercion" in its joint trade strategy with the US, Bloomberg reported on Tuesday citing a draft document.

According to the outlet, the US has been advocating a more confrontational stance on China, while members of the EU have been reluctant to adopt a hawkish approach despite embracing the concept of "de-risking" regarding outbound investment, which is endorsed by both Washington and Brussels.

The EU reportedly seeks to reduce its economic exposure to the Asian powerhouse by signing on to the US-led policy of curbing Beijing's access to advanced technologies. At the same time, the bloc is struggling to maintain a balance in relations with Washington and China, which remains an important trading partner for the EU.

France and Italy objected to references to China as a non-market economy during internal meetings, Bloomberg reported citing sources familiar with the document.

While previous strategy drafts called out China's "anti-competitive and harmful non-market policies and practices," in particular in the semiconductor sector, the latest version does not include that language......More Below

https://www.rt.com/business/577151-eu-us-trade-strategy-russia-china/

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Putin: Russia will use force to achieve goals if Ukraine stalls peace negotiations

Russian President Vladimir Putin says Moscow is prepared to use military force to achieve the goals of its special military operation if Ukraine continues to delay peace talks.

During an inspection of a Russian armed forces command post on Saturday, Putin stressed that Moscow will not allow Kiev’s obstruction to prevent progress.

“If the Kiev authorities do not want to resolve the matter peacefully, we will accomplish all the tasks before us in the course of the special military operation by military means,” he said.

The Russian leader noted that the Ukrainian authorities are not moving toward a peaceful resolution, adding, “We see that even today, unfortunately, the leaders of the Kiev regime are in no hurry to resolve this conflict peacefully. I spoke about this a year ago in a speech at the Ministry of Foreign Affairs.”

Putin also received reports from Chief of General Staff Valery Gerasimov and commanders of Russia’s “Centre” and “East” military groups.

Meanwhile, ...

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