As the war in Ukraine continues, the world is learning much about the global dependence on natural resources from Russia’s neighboring states - many of which are vital to “green technology.”

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.

George Canning, who presided over the British foreign policy in the early nineteenth century, once famously said, “Europe's domain extends to the shores of the Atlantic, England’s begins there.”

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?

A look at history reveals why Russia feels threatened by the eastward expansion of the European Union and NATO. The war may end with Ukraine becoming a neutral country that serves as a buffer zone for Russia.

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.

Some believe the U.S. has the ability to take on a two-ocean strategy — the Atlantic and Indo-Pacific — but China-Russia issues loom large. They will guide the approach to China by the West.

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.

The Russia-Ukraine conflict raises uncertainties in negotiations for a renewed Iran nuclear deal. Thorny problems remain. But while there are negatives, there are also opportunities.