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Substitution won't be so hard if only Western nations impose sanctions. You will see countries like China stepping in, and becoming an intermediary. Nobody dare
by trutic 5y ago
Substitution won't be so hard if only Western nations impose sanctions.
You will see countries like China stepping in, and becoming an intermediary.
Nobody dares imposing sanctions on them though, so they won't be as effective.
- kstenerud 5y agoChinese companies are already shying away because they don't want to be sanctioned themselves. China is not self-sufficient enough that it can actively thumb its nose at American sanctions. There are specific institutions in China for bypassing sanctions, but they are a small minority and must be kept separate to avoid cross-contamination. This minimizes their utility. Also, Chinese support of Russia has cooled after this embarassing fiasco. China is more interested in not getting Russian dirt on them atm, since they have a housing and building crisis to manage, as well as a half-finished cultural revolution and self-sufficiency push that makes them more vulnerable for the moment. Now is not a good time for this shit.
- spacemanmatt 5y ago> China is more interested in not getting Russian dirt on them atm I have always gotten the feeling that China collectively recognizes a paper tiger when they are politically engaged with one. My big lesson here is, Russians drank the domestic kool-aid, up to and including Putin.