There is one international player that stands to gain from the recent turn of events in Ukraine, regardless of its outcome. This player apparently has nothing to do with the crisis, which has engulfed Russia, the EU and the United States, and makes a point of staying on the sidelines. The country in question, of course, is China.
The leadership in Beijing must be secretly delighted watching the struggle between Russia and the West. The Ukraine mess can seriously poison Moscow's relations with Washington and Brussels for a long time to come, thus reducing their mutual ability to coordinate policies on the major issues in world politics. One such issue, perhaps the most important, concerns geopolitical risks associated with China's rise and its impact on the global economic and military balance.
Up to the present, Russia has pursued a relatively balanced and circumspect policy toward its giant Asian neighbor. Although the Chinese side recently has signaled that it would welcome closer strategic ties with Russia, even a security alliance perhaps, Moscow so far has been reluctant to transform their current "strategic partnership" into a full-blown geopolitical entente. In particular, Russia has not been ready to back Beijing's assertive stance on the various territorial disputes in East Asia.
Political and economic sanctions, now threatened against Russia by the West, will inevitably push Moscow toward Beijing, increasing the likelihood that the sides will align their policies toward the West. This, in turn, will reinforce the Middle Kingdom's strategic positions in Asia. Having acquired Russia as a safe strategic rear area, as well as privileged access to its vast energy and minerals base and advanced military technologies, China would feel far more confident in its rivalry with the United States for primacy in the Asia-Pacific. For one, just watch Putin's visit to China in May. The Ukraine events are likely to finally clinch a Russia-China gas pipeline deal long delayed by haggling over the fuel price. Western sanctions will certainly make Moscow more compliant with Beijing, landing China a bargain which will provide it with a stream of cheap Siberian gas.