Why China, not Russia, may be key for UN's future post-Ukraine
While beset by growing rivalry, the US-China relationship may yet hold unexpected potential for fruitful partnership, at the UN and beyond
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ANDREW HAMMOND
The unexpectedly strong rebuke of many Western countries and corporates to Russia’s invasion of Ukraine has surprised many, yet three months later the United Nations is facing growing criticism of its own multilateral efforts to bring an end to the war.
To date, more than 30 countries -- representing more than 50 per cent of the global economy -- have levied sanctions against Moscow. Moreover, some 500 corporates have cut or reduced their business ties with Russia by either withdrawing (completely halting engagements/ exiting the market); suspending (temporarily curtailing operations while keeping return options open); scaling back (curtailing some business operations while continuing others); and/ or buying time (postponing future planned investment/ development/marketing while continuing substantive business).
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