Commentary If the Chinese Communist Party (CCP) is still contemplating on how the world will react if it launches an attack on Taiwan, perhaps the current Swiss sanction on Russia could serve as a warning. So far, the European Union, the United States, and Japan have announced to ban Russian banks from the SWIFT financial network, and have frozen an estimated $640 billion of Russia’s foreign exchange reserves. At the same time, the United States has vowed to track down the assets of Russia’s oligarchs globally. Even Switzerland abandoned its traditional neutrality and adopted all financial sanctions imposed by the EU, including freezing the assets of key players in the Russian government and oligarchs in Switzerland. This move may not have much impact on the situation of the Russian-Ukraine war, but it scares the CCP. Swiss National Bank data show that “Russians held nearly 10.4 billion Swiss francs ($11.24 billion) in Switzerland …
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