Three tankers carrying more than 2 million barrels of Russian oil are floating in the waters off the coast of east China and cannot be unloaded after the United States imposed new sanctions on Russia’s largest oil companies on Friday, 10 January.
Secondary sanctions. If a Chinese company trades with Russia, it can not trade with the US. That includes things like financing, handling US cargo and so forth. The US is the bigger market. Also the EU has also sanctioned Chinese companies for trading with China. Obviously if there are US sanctions, EU sanctions are much more likely as well.
Because China trades a lot with the US and the EU (the EU is doing similar things). If US (and EU) get mad enough at China they will cut off all trade - everyone will hurt from this, but China probably the most (depending on how follows of course).
Dumb question: why does china care about US sanctions?
Secondary sanctions. If a Chinese company trades with Russia, it can not trade with the US. That includes things like financing, handling US cargo and so forth. The US is the bigger market. Also the EU has also sanctioned Chinese companies for trading with China. Obviously if there are US sanctions, EU sanctions are much more likely as well.
The port operators don’t want to be sanctioned, because it would mean losing US business.
Because China trades a lot with the US and the EU (the EU is doing similar things). If US (and EU) get mad enough at China they will cut off all trade - everyone will hurt from this, but China probably the most (depending on how follows of course).