Two classic conundrums are at play in the Russia-Ukraine conflict, both of which are making the problem worse and could lead to a new cold war. China’s approach provides a way out.

Now that the Western powers have imposed sweeping economic and financial sanctions on Russia following its invasion of Ukraine, many are asking whether China’s non-participation will undermine their effectiveness. One should also ask whether the rich countries can do more for the poor people in many developing countries who are the collateral damage of the war and the sanctions.

My recent commentary, “Only China Can Stop Russia,” stirred up strong arguments on both sides of the increasingly contentious debate over the horrific war in Ukraine. While most in the West recognize the need for extraordinary actions in extraordinary times and agree that China has an important role to play in resolving the conflict, those sympathetic to Russia’s concerns over border security and NATO enlargement argue that China has no reason to weigh in. But both posed the obvious and important follow-up question: What exactly can China do to restore peace and stability to Ukraine?

Russia’s invasion of Ukraine has been met with sanctions from the West, along with key regional economies in Asia. And Putin’s actions will have major repercussions on Russia’s place in the world, including its previously promising pivot towards Asia.

The crisis in Ukraine grows worse as fighting rages on in what is sure to be one of this decade’s defining episodes. Whatever the outcome is, the result will drastically shift the landscape of the international community.

Talks between Russia and Ukraine regarding a cease-fire are a first step. However, to resolve the deep-rooted differences and bring about long-term peace and stability in Europe and Russia, talks between Russia and NATO countries must follow.

The Russia-Ukraine war was not warranted. Ukrainians despair for peace. Russia needs security. China offers development. But the U.S., NATO and the far-right Ukrainian paramilitaries seek something very different.

As the world watches the conflict in Ukraine unfold, observers have quickly drawn up comparisons to China in relation to security and expansionist ideals. A careful examination of the decades leading up to the current fiasco is needed to show the truth of how we arrived where we are today.

The United States has rejected some Russian proposals, but the door is not closed on dialogue. The U.S. says Russian military accommodation along the Ukrainian border will help foster strategic compromise.

During their recent virtual summit, the presidents of China and Russia China had plenty of reason to discuss what to do about their respective external threats. China’s Foreign Ministry said it would rev up coordination between the two in search of a strategic counterbalance.