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LIVE: Bloomberg Quicktake Latest News for March 18

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March 18, 2022

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(Mar. 18) China’s muted response to Russia’s invasion of Ukraine has hardened views within the Biden administration that President Xi Jinping may be moving closer to supporting Moscow as the conflict continues, according to several people familiar with the matter.

Even as the Chinese government publicly voices some support for the Ukrainian people and calls for a peaceful solution, top American officials see signs that China is seeking ways to soften the blow of sanctions imposed on Russia by the U.S. and its allies, according to the people, who say they have knowledge of deliberations in Beijing.

The people, who asked not to be identified because of the sensitivity of the matter, did not offer details on how China might be able to offset the economic consequences of the sanctions. They also declined to elaborate on U.S. sources of information about China’s government and its interactions with the Kremlin. Some of the people said China is also considering supplying Russia with weapons such as armed drones.

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LIVE: Bloomberg Quicktake Latest News for March 18 · Bloomberg News · Sentinel