Sanctions on Russia

Multinational companies must find new solutions in an era of accelerating deglobalization.

Secondary sanctions on China would be more painful and harder to justify – which makes any unified application unlikely.

China’s mixed signals on the Ukraine crisis extend to the economic realm, long a weak point for Sino-Russia ties.

An exodus of money, technology, and buyers from Russian energy projects may offer an opportunity for China to embed itself deeper in the Arctic.

While China benefits from buying cheap Russian oil, weak demand and expensive oil globally is creating a large commodities supply gap for China.

Russia’s increasing use of the RMB and connectivity with China’s international payment system will struggle to mitigate the fallout of international sanctions.

Will tech export controls against Russia further strengthen Sino-Russian high-tech cooperation? At this point, it seems unlikely that Beijing will put its future on the line to back Putin.

In the short term, the tangible support that China can provide to Russia is limited, but the strategic implications are more profound.

Xi Jinping is watching Ukraine with one eye on Taiwan. The West must give him reason to think any invasion would be disastrously costly.

Russia’s pivot to Asia is instrumental for offsetting Western sanctions.

The recent Russia-Japan summit could be best described as embarrassment for Abe and a major coup for Putin.