On Feb. 20, China's state adviser Wang Yi arrived in Moscow to discuss this “peace plan.” The details of the proposal haven’t yet been released, but Yi says it includes calls for respect for territorial integrity, protection of nuclear facilities, and statements against potential use of biochemical weapons.
Unnamed European officials familiar with this plan told Bloomberg that it likely also includes calls for a ceasefire and an end to arms supplies to Ukraine. They believe Russian dictator Vladimir Putin could make a similar statement during his speech on Feb. 21. Russia could also propose a draft of UN resolution in an attempt to compete with a resolution supported by Ukraine's partners calling on Russia to withdraw its troops from Ukraine and cease hostilities.
Bloomberg’s sources said that while China’s plan has little chance of success, the United States and its allies are concerned that it “could resonate with countries in the Global South and potentially attract votes at the UN.”
On Feb. 18, the head of the Foreign Affairs Office of the Central Committee of the Communist Party of China, Wang Yi, announced a peace initiative "for a political settlement of the crisis in Ukraine," which China promises to make public by the end of February.
China refrains from criticizing the full-scale war unleashed by Russia against Ukraine and claims that it takes an “objective and fair position”.
On Dec. 14, 2022, the Wall Street Journal reported that Chinese President Xi Jinping instructed the Chinese government to establish closer economic ties with Russia. According to the sources of the newspaper, China wants to increase imports of Russian oil, expand energy cooperation, and increase investments in Russia’s infrastructure.
During a video call with Putin on Dec. 30, 2022, President Xi said that China is ready to be a global partner of Russia’s.
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