Will China & Russia create an alternative financial system to evade sanctions over Ukraine?

Episode OutlineWill the events in Ukraine result in a new Cold War between the West and an intensified Russo-Sino Axis? Could China offset the sanctions imposed upon Russia? Will Russia become a vassal state to China? What is the prospect of Russia using cryptocurrencies to bypass the financial constraints against it? These questions and more are addressed in this episode of The Global Gambit, as your host, Pyotr, interviews Zongyuan Zoe Liu, the international political economy fellow of the esteemed Council of Foreign Relations (CFR), focusing on global financial markets, development finance and emerging markets (EMEs) and obtaining her Ph.D. from Johns Hopkins SAIS, including teaching Pyotr in one semester. Zoe released her first major analysis on BRIC de-dollarisation in Feb 2022.  Pyotr is joined by co-host Tao Tan, in the first half, where Tao challenges Zoe on areas concerning China's economic statecraft, SWIFT, or a Russia-China bloc, before Pyotr expands into the impact of Russia's invasion on the Kuril Islands, a potential Taiwan campaign and more. In the second half, the audience raises questions covering how China's BRI may be affected, as well as the possibility of vassalisation of Russia and Balkanisation of its trade or tech industries. Support the showConsidering Chipping in to Global Gambit (GG)This isn't possible without you - the listener. My goal is to bring entertaining yet enlightening content to you, make complex, technical issues more relatable to you, and enable you to engage on topics you care about and for better people from all origins or professions. So, if any of those resonate with you, consider chipping to the GG, as allows me to improve its quality and elevate the experience for you. And if you're unable able to do that - no worries. Please leave a review, or share GG. This small action has BIG impact in helping it grow and broaden its visibility to more audiences. Links Pyotr' Twitter: https://twitter.com/pkurzin?lang=en TGG Twitter: https://twitter.com/theglobalgambit Patreon: https://www.patreon.com/login?ru=%2Ftheglobalgambit Substack: https://pyotrskurzin.substack.com/ Subscribe to Substack Read as well as listen as l overthink for you: https://substack.com/@pyotrskurzinFollow The ShowX/Twitter: https://twitter.com/PKurzin YouTube: https://www.youtube.com/channel/UC7-TPqKMViddKZeo4K2P2jg/ Support The ShowPatreon: https://www.patreon.com/theglobalgambitBuy Me a Coffee: https://www.buymeacoffee.com/theglobalgambitLeave a quick rating—it's free, easy, and honestly, the least you can do after I've blessed your ears with such wisdom. Where would you be without me? Hosted on Acast. See acast.com/privacy for more information.