Friday, May 31, 2024

Western sanctions and export controls were circumvented by a group of rogue/authoritarian countries led by China

Food for thought!

"Western sanctions and export controls meant to subdue U.S. enemies have instead created a Beijing-led global shadow economy.
China, Russia, Iran, Venezuela, North Korea and other authoritarian regimes are now collectively big enough to withstand the West’s unprecedented finance and trade restrictions. The Chinese Embassy in Washington said that the country’s dealings are normal, legal “exchanges with relevant countries on the basis of equality and mutual benefit.” The governments of Russia, Iran, Venezuela and North Korea, contacted through their diplomatic offices in the U.S., didn’t respond to requests for comment."

The Wall Street Journal What's news

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