US Secretary of Commerce Gina Raimondo used Wednesday’s New York Times as a “warning”, in the words of the newspaper.
He said he would “shut down” Shanghai-based SMIC, China’s biggest semiconductor maker, supplier to several US giants, if it continues to deliver high-tech products to Russia. And the “devastating” action will reach “any Chinese companies” that do the same.
The next day, according to Bloomberg, she described her own threat as “probably” a mistake, admitting to having “no evidence that SMIC or any other Chinese company is planning” to circumvent US sanctions.
He said he was just “trying to express” that the US is “serious”.
The Guancha portal, in Shanghai, recorded the coming and going of Raimondo (pictured above) and, more importantly, continued to follow the progress in the economic bridges between China and Russia.
For example, it reported that Russian international trading bank VTB established a new Chinese currency fund after being removed from the Swift dollar payment system.
The Financial Times added that China had doubled the limit on trade in Russian currency, in a “move that should boost bilateral trade”.
And Bloomberg noted that China’s oil, aluminum and metals giants, among other commodities, are in talks with Beijing to embrace “any investment opportunities in Russian companies and assets” that arise.
THE ERICSSON LIST
In the midst of the war, a new scandal published by newspapers, mainly European, linked to the ICIJ consortium, dubbed “The Ericsson List”, went unnoticed.
The Swedish competitor of Chinese Huawei, in 5G, “hidden bribery in more than a dozen countries” (video above), with emphasis on Iraq, where it closed an agreement with the Islamic State to continue operating, but also Brazil, detailed in the material so far.
AUTOCRATIC ELECTION
Defined just now, once again, as “electoral autocracy” by the Swedish institute V-Dem, India extended control of the ruling party, of Prime Minister Narendra Modi, in regional elections on Thursday (10).
The Jagran’s headline, in Hindi, reads “Modi says: 2022 results signal 2024 results, end of family politics”, a reference to the opposition party, linked to the Nehru-Gandhi family. The Times of India, in English, headlined “Modi’s Magic.”
