Authoritarian regimes trying to skirt sanctions are developing alternative markets ...Middle East

The pomp surrounding Chinese President Xi Jinping’s recent visit with Russian President Vladimir Putin in Moscow obscured the announcement of a new economic partnership between China and Russia — one designed to help both countries escape the consequences of Western sanctions. Sanctions that isolate corrupt actors from the global financial system have historically offered the United States and its allies a low-cost and low-risk way to confront those who violate international law and work against their interests. But the United States is no longer the financial hegemony it once was, and authoritarian regimes are taking full advantage by working to create alternative financial markets.

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Authoritarian regimes trying to skirt sanctions are developing alternative markets ...Middle East

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