The Ukraine War Will Be Settled in Beijing, Not Moscow

By Ram Charan – Barron’s

Chinese President Xi Jinping is keeping Russia’s war in Ukraine going. Simply put, Xi’s purchases of Russian oil are preventing Russian President Vladimir Putin’s economy from collapsing. Oil, in this war as in others, is leverage.

Seen in the larger context of Xi’s global ambitions, this means the Ukraine war has become a proxy conflict between the U.S. and China. It isn’t clear President Donald Trump recognizes that.