US Won’t Find Same Unity in Imposing Sanctions Against China as It Did With Russia: Panel

US Won’t Find Same Unity in Imposing Sanctions Against China as It Did With Russia: Panel
A pedestrian walks past the People's Bank of China, also known as the China's Central Bank, in central Beijing. Teh Eng Koon/AFP via Getty Images
John Haughey
Updated:
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Russian President Vladimir Putin spent nearly a decade developing a “Fortress Russia” strategy to mitigate the impact on his nation and its financial institutions from Western sanctions before launching his February 2022 invasion of Ukraine.

That strategy, which included an accelerated “de-dollarization” effort since 2014, has failed in the face of stiff sanctions imposed by the United States and its allies and partners, which were not only unprecedented in scale and scope but equally unprecedented for the unity in which they were implemented, freezing more than $300 billion in Russian assets in banks after the invasion.
John Haughey
John Haughey
Reporter
John Haughey is an award-winning Epoch Times reporter who covers U.S. elections, U.S. Congress, energy, defense, and infrastructure. Mr. Haughey has more than 45 years of media experience. You can reach John via email at [email protected]
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