By Branko MilanovicEven Chinese entities, if they themselves plan to do business or raise money in the United States, will avoid doing business with Russian entities.What the current sanctions that have been imposed on Russia, and those that may yet come (for example, on Gazprom), show is that the country now finds itself at the same crossroads as in the early 1920s. Its access to Western markets, technology and capital is all but cut off.
It is true that, in today’s world, there are alternative sources beyond the West to tap into markets, technology and capital, including in China. …read more
Source: The Globalist
