COSCO’S Hamburg Terminal Acquisition: Lessons For Europe

War on the Rocks – Europe is waking up to the dangers of overreliance on authoritarian powers, but largely lacks the toolkit necessary to mitigate dependencies on the very regimes most willing to exploit them. Russia’s invasion of Ukraine and subsequent weaponization of Europe’s energy dependency on Moscow has hit every corner of the continent’s economy. Meanwhile, Xi Jinping has a track record of imposing economic coercion in response to slights against Beijing. While the discussion of these risks has advanced, the policy framework and how it is used to respond to such dependencies needs urgent change. Europe may be rapidly adapting after the fact to Russia’s coercive use of its control over European critical infrastructure and the oil and natural gas that flow through it, but the opposite has happened regarding China’s increasing role in European ports and the shipping services that flow through them.