Make China pay for its quiet support of Putin’s war
China is tacitly backing Putin’s aggression against Ukraine. The Biden administration should combat this by imposing economic costs on China through the corporate Environmental, Social and Governance disclosure requirements that are already in place. Xi Jinping and Vladimir Putin met in February at the Beijing Olympics, their thirty-eighth visit in the nine years since Xi took power. In a 5,000-word statement on February 4, Xi and Putin proclaimed their friendship with “no limits” and “no forbidden areas of cooperation.” Just weeks before the invasion, China signed agreements to buy from Russia energy and agricultural products worth over $200 billion.