China has doubled down on trade relations with Russia. Cross border banks, securities investment firms, and companies that trade in either country should watch how scenarios play out and consider the following questions:
- Is growing China-Russia cooperation a short-term backstop to tensions with the West or part of a longer-term trend of integration for the two largest countries in Eurasia?
- Will China and Russia develop new multilateral structures such as the Chinese Belt and Road Initiative (BRI), or work within established ones to serve their own agendas?
- With relations at an apex, how will the West now address closer cooperation?
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