‘It’s going to be a wash’: The Pyrrhic victory of Russian sanctions

Western sanctions on Russia have presented some Chinese companies with an immediate market opportunity. In the coming years, the linkages will grow, stymying future U.S.-led efforts to sanction Russia — and China. After the West’s sanction barrage roiled Russia’s economy, the message to Chinese businesses was clear: Side with the West or risk being next. Last week, U.S. officials mulled a second salvo …

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