Commentary Despite strong international appeals for China to stop supporting Russia’s invasion of Ukraine, the ruling Chinese Communist Party (CCP) is bent on providing much-needed political, diplomatic, and economic support, if not military, to the aggressor. Over a month after the invasion and days after U.S. President Joe Biden warned his Chinese counterpart, Xi Jinping,…
US Senators Sound Alarm on China’s Digital Currency Amid Sanctions on Russia
As Russia is hit by a spate of sanctions from around the globe, a group of U.S. lawmakers want new standards and guidelines for dealing with the Chinese Communist Party (CCP) central bank’s digital yuan, the digital currency of Moscow’s top trade partner and closet strategic partner. “If left unchecked, technologies including China’s Digital Yuan…
Beware of the Long-Term Implications of a Sino-Russian Alliance
Commentary As anticipated, Vladimir Putin has invaded Ukraine. As also anticipated, the West has responded with economic sanctions. U.S. sanctions alone include: asset freezes on Russia’s primary financial institutions and key elites; restrictions upon these same banks from making transactions in U.S. dollars; substantial limitations upon debt and equity financing; import and export controls over…
SWIFT Ban Is a Major Blow on Russia and Puts China in a Dilemma: Experts
As Russia’s invasion of Ukraine continues, in addition to the United States, Britain, Canada, and the European Union (EU), more countries have agreed to exclude Russia from the SWIFT banking system. Experts believe the ban is expected to bring a major blow to the Russian economy and put China, as a supporter of Russia, in…
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