As the conflict in Ukraine rages on, Russia has fewer nations to turn to to help sustain its protracted incursion save for China. Should the world be more wary of China committing greater resources to helping Russia’s cause?

As more relatively weak countries find themselves unable to stay out of the war, China must walk a careful path. It must avoid and mitigate risks, safeguard its national interests and put Ukraine on the road to peace at an early date. To this end, it needs a more flexible and pragmatic strategy.

With Vladimir Putin hinting at the possible use of nuclear weapons and Europe responding more aggressively, the prospect of victory seems to be tilting away from Ukraine. China’s diplomatic maneuvering for peace should set an example for the international community.

The possibility of another Trump-style leader in the United States — perhaps even Donald Trump himself — has shaken Europe to its roots. Europe cannot replace American hegemony. Thus, its only course is to accelerate toward “strategic autonomy” to become less dependent on the U.S. security umbrella, which has been in place since World War II.

By funding the war against Russia, Bretton Woods institutions, such as the World Bank and International Monetary Fund, undermine the rule of law as embodied in their charters. They have probably violated principles of economic impartiality, prudence and political non-interference.

NATO appears to be preparing to send troops to Ukraine, as the alliance believes it must defeat Russia at all costs. If it does intervene, it will create two major risks that could pull the world into an abyss: A conventional war could become a nuclear war, and a local war could become a world war.

The ongoing war in Ukraine stands as the paramount geopolitical clash of the 21st century, heralding a definitive return to realpolitik in global governance.

Judging from the current international mood, neither an armistice nor peace talks will likely come about this year, and the war will continue to drag on between Russia and Ukraine. At some point, it will become politically untenable in the West and financially unsustainable in Russia.

America’s actions that are directly detrimental to China’s interests render China’s cooperation in some regions irrelevant. The good news is that China and the U.S. have agreed to strengthen cooperation. But to ensure concrete results, the U.S. needs to do more.

Much can be gleaned from the text of the 10-year agreement, which was signed on Jan. 12 by British Prime Minister Rishi Sunak with Ukrainian President Volodymyr Zelenskyy during Sunak’s visit to Kyiv.