China has the capacity in world currency and reserves to provide Russia with a new “SWIFT.” China, as an ally, will import Russian oil and gas if its exports are sanctioned or “boycotted,” as Britain proposed in the case of Iran in the 1950s.
It will be China keeping Russian oil contracts to Asian markets open.
What is the risk to the United States currency, the universal dollar in trade? China and Russia can counter sanctions in world trading markets.
Russia and China were just waiting for a weak kneed dem in the White House.....With The DOF(demented old fool) they hit the trifecta....
This has been a well planned strategies by Russia and China. Russia gets those countries he needs to restore Russia and China gets Taiwan. They’re all testing Brandon’s administration and it’s working like a charm. And we’re not even considering the open borders in our country ..how many terrorists have jumped the border to cause chaos while we’re at war overseas? This administration won’t even know what the hell hit them!
The nightmare scenario is China Russia Iran much of OPEC and assorted other bad actors joining to abandon the dollar as reserve currency and begin trade in the Yuan. As Europe has made clear it will continue to buy gas and oil from Russia.. they will have to use something; and if it isn’t dollars or euros or such, what will they use? They will use whatever the Russians say they will accept in payment. IOW ‘sanctions are sanctions” but business is business.
The unspoken assumption of the decadent west is that they can do what they want to Russia and not expect payback in spades. As if the old KGB colonel would just go down without a fight to the likes of Joe Biden.
China, Russia, Ukraine, hunter biden.
The parenthetical title to this should be (why sanctions do not work for a Russia China alliance). Or the alternate (why Biden’s sanctions are kabuki).
The author is a paranoid idiot.
I'm certainly no financial expert, but I view these sanctions as somewhere in the vicinity of zero.