My latest: China has sent officials to the Russian central bank to study the effects of Western sanctions for a better understanding of how it would be affected if it were to invade Taiwan. www.telegraph.co.uk/world-news/2... - ThreadSky

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williamyang120.bsky.social • 87 days ago

My latest: China has sent officials to the Russian central bank to study the effects of Western sanctions for a better understanding of how it would be affected if it were to invade Taiwan.

https://www.telegraph.co.uk/world-news/2024/12/01/china-russia-central-bank-ukraine-taiwan-us-sanctions/

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williamyang120.bsky.social•87 days ago

Beijing had already set up a task force months after Russia invaded Ukraine in February 2022, which was tasked with producing reports about the impacts of Western sanctions on the Russian economy.

williamyang120.bsky.social•87 days ago

China is “very interested” in “practically everything” about the sanctions, including potentially positive effects on domestic production, a person with knowledge of the specialist task force told the Wall Street Journal.

williamyang120.bsky.social•87 days ago

Meanwhile, China vowed “resolute countermeasures” on Sunday after the US approved an arms shipment to Taiwan.

williamyang120.bsky.social•87 days ago

In addition to reports produced through the inter-agency, Chinese officials have been sent on recurring trips to Moscow’s central bank, ministry of finance and other government agencies that deal with Western sanctions.

williamyang120.bsky.social•87 days ago

“For the Chinese, Russia is really a sandbox on how sanctions work and how to manage them. They know that if there is a Taiwan contingency, the tool kit that will be applied against them will be similar,” said Alexander Gabuev, director of Carnegie Russia Eurasia Centre.

williamyang120.bsky.social•87 days ago

Russia’s economy defied expectations after Western sanctions were imposed, with consumer confidence increasing and wages growing in the months after the invasion.

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