BEIJING, March 21. /TASS/. Russia will be able to establish balanced ties with the world’s major economies after the end of the Ukrainian conflict, though it will be difficult to restore the situation to the state before the special military operation began, Xu Dingbo, Essilor Chair Professor in Accounting, Associate Dean at China Europe International Business School (CEIBS), told TASS.
"I expect Russia to have more balanced relations with the world’s major economies in the future, but China will still play a significant role," he said.
The administration of US President Donald Trump has strong interest in bringing the conflict to a close, the expert noted, adding that the restoration of "Russia’s trade and collaborations with the rest of Europe [provides] great economic benefits."
That said, "it is difficult to restore the economic situation to the pre-conflict state," he stressed. The crisis situation in Ukraine "has lasted much longer than most people thought three years ago," Xu Dingbo said. "I am cautiously optimistic that the conflict has come to the closing phase," he stated.
"On one side, the crisis has further pushed the economies of China and Russia closer, as many Chinese firms filled the vacuums left by Western companies’ exiting from Russia. However, this crisis has also seriously strained the relations of China and other European nations and has generated huge economic costs for China," the expert concluded.