Forming an intimate group,the countries involved in the financial sanctions against Russia have implemented a strategy to cause Russia's debt default,Ruble depreciation and technology barrier against Russia's international trade.Long-term risks for Russia remain high though it successfully resisted the impact of the financial sanctions in the short-run.Meanwhile,Russia's counter-sanctions intensified global recession and de-globalization.It is advisable for China to boost the building of its internal circulation and expand the margin for counter-sanctions by policy reserves,rigid demand of international markets,multilateral cooperation,and bottom-line thinking.
Russiafinancial sanctionscounter-sanctionsthe Ukraine crisissanctions game
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