European markets in the red this Friday – Ibex 35 , CAC 40 , DAX …- after the macro data that reflects an unstoppable increase in prices, and an increasing uncertainty regarding the strategy of central banks.
To this is added that geopolitical risks continue to occur. On this occasion, China has announced that it will send troops to Russia to carry out large joint military exercises for a week, amid growing tensions with the United States and Europe over Moscow’s invasion of Ukraine.
Russia wants to present these ‘maneuvers’ as a symbol of international support despite sanctions and other efforts to isolate the country due to its war with Ukraine, according to The Guardian .
For its part, the Chinese Ministry of Defense alleges that its participation in the exercises “is not related to the current international and regional situation,” according to a statement collected by the South China Morning Post , but is part of an annual cooperation agreement. bilateral with Russia.
“The goal is to deepen practical and friendly cooperation with the militaries of participating countries, enhance the level of strategic collaboration between participating parties, and strengthen the ability to respond to various security threats,” the statement said.
Beijing has already sowed international tension again after several military exercises near Taiwan after the visit of a US delegation led by the president of the House of Representatives, Nancy Pelosi.
The truth is that Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, have grown closer. While China has claimed that it has taken a neutral position in Russia’s war in Ukraine, the US has accused it of tacit support by failing to condemn the invasion and criticizing Western sanctions against Moscow.