Following the suspension of Visa and Mastercard services in Russia, at least three Russian banks have announced plans to use China’s UnionPay system to continue their financial operations. Analysts say that Russia’s strategy of evading Western sanctions through the Chinese financial system puts the Chinese Communist Party (CCP) at risk of consequences as well. On…
Russia to Continue Financial Operations With China Through Chinese Banking System UnionPay
Russia to Continue Financial Operations With China Through Chinese Payment System UnionPay
Following the suspension of Visa and Mastercard services in Russia, at least three Russian banks have announced plans to use China’s UnionPay system to continue their financial operations. Analysts say that Russia’s strategy of evading Western sanctions through the Chinese financial system puts the Chinese Communist Party (CCP) at risk of consequences as well. On…
Upcoming Live Q&A Webinar: What Is China’s End Game for the Russia–Ukraine War?
As Russia carries out its invasion of Ukraine, the international interests of the Chinese Communist Party (CCP) are also coming into focus. Prior to the invasion, the CCP and Russia signed a “no limits” strategic agreement, and the CCP made public its intentions to take Taiwan. Sanctions are now driving Russian businesses to the Chinese…
Live Q&A Webinar: What Is China’s End Game for the Russia–Ukraine War?
As Russia carries out its invasion of Ukraine, the international interests of the Chinese Communist Party (CCP) are also coming into focus. Prior to the invasion, the CCP and Russia signed a “no limits” strategic agreement, and the CCP made public its intentions to take Taiwan. Sanctions are now driving Russian businesses to the Chinese…
Upcoming Live Q&A Webinar: What Is China’s End Game for the Russian-Ukraine War?
As Russia carries out its invasion of Ukraine, the international interests of the Chinese Communist Party (CCP) are also coming into focus. Prior to the invasion, the CCP and Russia signed a “no limits” strategic agreement, and the CCP made public its intentions to take Taiwan. Sanctions are now driving Russian businesses to the Chinese…
China-Russia Cooperation: Not Really Allies
News Analysis The relationship between Xi Jinping and Vladimir Putin is largely predicated on a common interest in countering the United States, but this does not actually make China and Russia allies. In the long term, it is unlikely that Russia desires to become a junior power in a global axis, dominated by China. Chinese…
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