China can help Russia withstand western economic sanctions
Thursday 24 February 2022 – Vol.13 Ed.8.4
Commentary: Ukraine conflict heralds a new kind of war
By Meghnad Desai in London
Western countries have announced financial sanctions condemning the movement of Russian troops into Ukrainian territory. However, economic sanctions may not be as powerful a weapon as western countries think. China has the financial clout to help Russia survive sanctions and has been building up to challenge US financial hegemony.
Read the full commentary on the website.
Meeting: Digital currencies and implications for emerging markets
Thursday 3 March 14:00-15:00 GMT
With emerging market economies at the highest risk of currency substitution and ‘cryptoisation’, the risk of losing monetary sovereignty is growing. Tobias Adrian, financial counsellor and director of the IMF’s monetary and capital markets department, joins OMFIF to discuss efforts that would prevent destabilising capital flows, and globally coordinated regulatory measures for cryptoassets and central bank digital currencies.
Register to attend here.
