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Why China's CIPS Matters (and Not for the Reasons You Think)

While Chinaโ€™s CIPS would not help Russia evade the full brunt of U.S. and allied sanctions, the U.S. should keep a watchful eye on CIPS because it is a crucial piece in Chinaโ€™s broader ambition in international finance.
United States Society For Worldwide Interbank Financial Telecommunication Services Network European Union Cross Border Interbank Payment System Worldwide Interbank Financial Telecommunication

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