On October 6, at the Veza Public Analytics Center, Valerii Klychko and Artur Kharetonov, president of the Liberal Democratic League of Ukraine, analyzed key developments in relations between the US, China, Russia, Japan, and Korea.
Topics included rumors of potential Chinese investment in the US economy in exchange for lifting restrictions, with China allegedly prepared to invest $1 trillion provided trade barriers are eased. However, experts note that such a scenario is unlikely—US policy now focuses on a strategic separation from China, and large investments from Japan and Korea reduce the need for Chinese money.
Kharetonov highlighted that negotiations between the US and China are currently inactive and a pivotal summit is expected in about three weeks. The emergence of Japan’s new prime minister and shifting positions of Korea regarding China and the US are important developments. China is also leveraging the war in Ukraine to put pressure on the West, providing satellite images to Russia and boosting cooperation with North Korea.
Regional conflict risks remain high, particularly the possibility of war on the Korean Peninsula, which could destabilize global supply chains and have significant consequences for Ukraine. Disruptions in technology production and logistics from Asia would seriously impact Ukraine’s access to essential components.
Economic ties between Russia and China are strengthening: despite reports from individual companies about difficulties importing precision machinery, 76% of Russia’s military-related machinery comes from China. The discussion also addressed Taiwan’s controversial purchase of Russian raw materials to produce chips, and the lack of effective export and sanctions enforcement at the private company level in Taiwan.
Overall, the situation is tense and unpredictable. Ongoing developments in Asia, especially China’s investment and military activity, have substantial implications for global and Ukrainian security.
