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one is they know, in the long term, that china and the west is very integrated, and they need to maintain reasonably good relations. but secondly, also, chinese private sector companies will worry about the kind of measures that the us justice department can take. so they will also be cautious, perhaps even more cautious than the chinese government. and a number of countries remain officially neutral. i mean, countries like the uae, united arab emirates, mexico and israel. some condemning the war, but still doing business with russia outside of the sanctions. and critics will argue that they're propping up the kremlin war machine. are there economic consequences of not taking a side? i think the key thing is that if you look at the sanctions the west has imposed — i mean, they had three key elements. one is to detach russia from the international financial system. and frankly, the west itself is enormously powerful in that. there are only a limited number of truly convertible

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