10.05.2024, Moscow.
Sanctions pressure on Russia is forcing it to shift production to China, which is an ideal arrangement for it because it helps it grow, according to the report from the theater of war, published in The Essence of Time newspaper, issue 584.
Nornickel President Vladimir Potanin said in late April that his company would move some of its production chains to China. In return, Nornickel expects to gain access to battery technologies to scale their production. The company plans to build a plant in China by 2027.
Potatnin explained that the idea of bringing copper smelting production to China came about in the face of sanctions pressure. Thus, the resulting product would be sold as Chinese. And Chinese goods are much more difficult to sanction than Russian goods entering China.
“As a result of sanctions pressure, the oligarch went for cooperation with China and is moving the main margin and engineering link of the battery production chain there. In doing so, Russia will still have the opportunity to buy batteries created with their raw materials from China, and China will take another critical position in the market.
Moreover, China already produces more than 55% of batteries.
A perfect scheme for China. While the West is strangling Russia, China is developing,” The Essence of Time editorial reads.
Source: Rossa Primavera News Agency
