Summary
China has sent officials to Russia to study the effects of Western sanctions, aiming to prepare for potential sanctions if it invades Taiwan.
Beijing’s task force, created after Russia’s 2022 invasion of Ukraine, analyzes sanctions’ impacts and strategies like reserve diversification and de-dollarization.
Concerns over $3.7 trillion in Chinese overseas assets are driving these efforts.
The growing ties between China and Russia include Chinese companies aiding Russia’s war efforts.
I disagree with the “at best symbolic”
IF they’re done rigorously, they CAN create some serious hurt for the oligarchs in question, it seems…
The problem is that they’re usually done haphazardly…
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