[opendoor]

Originally Posted by Table 5

You're only looking at it from the sales side though, when you also have to take into consideration the production aspect. Russia may not important to China as a customer, but they are probably very important to them as a supplier of commodities. Russia is full of oil, gas, aluminum, copper, nickel, wheat, fertilizer etc. and China is a commodity monster that just eats up anything it can get to fuel its own economy. Without access to a stable supply, it too suffers...which is probably why they are abstaining from any sanctions.

Let's face it, Russia shut off from the rest of the world will have repercussions for all of us. Europe will probably be the one to suffer the most, at least in the short/medium term, as they are so reliant on Russian energy and wheat. But it will reverberate in China, and North America, and everywhere else. There was already a commodity crunch BEFORE all this Russia stuff came around...this will just make it worse.

I'd argue the developing world and lower-middle income countries will suffer even more. Even if they don't source things like fuel and wheat from Russia/Ukraine directly, rising commodity/food prices are going to put a pretty severe strain on poorer nations.