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President Donald Trump’s latest sanctions on Russia target buyers of Russian oil and banks that finance this trade, including those in China, Hong Kong, and India. But will Trump keep the sanctions in place long enough to change the behavior of Russian President Vladimir Putin and Chinese President Xi Jinping?
“It is vital that he stay the course,” argues Thomas Duesterberg in The Washington Post.
To further examine how Western sanctions have weakened Russia’s economy, Duesterberg will host noted economists Anders Aslund and Volodymyr Lugovskyy for an event at Hudson tomorrow, October 30, at 11:00 a.m.
As Beijing helps prop up Putin and his war against Ukraine, Chinese power is growing across parts of Central Asia that Moscow once controlled.
Ahead of Trump’s summit with Xi, Walter Russell Mead argues that the president “appears likely to return from his Pacific odyssey having secured a reasonable short-term compromise with China while advancing his plans for reshaping America’s role in the world.”
Looking further south, Trump’s secondary sanctions on Russian oil purchases will strip India of a major source of discounted energy. And New Delhi has markedly improved its relations with Beijing since the nations’ last major border clash five years ago. A reset in India-China relations and a renewed Russia-India-China trilateral relationship is now on the table, warns Aparna Pande.
To remove one of China’s key economic levers in trade negotiations, the US needs to address its vulnerabilities in the critical minerals sector. Hudson’s Joshua Meservey hosted senior representatives from three firms on the frontier of this industry to discuss how the US government can better support domestic and allied refining—and the role African nations can play.
Watch the event, listen to the podcast, or read the transcript here.
Before you go . . .
Though Trump’s conversation with Xi will likely center around economic and trade issues, the president should not forget about the Chinese Communist Party’s ongoing human rights violations, including the recent detention of 21 leaders of Zion Church. Hudson Fellow Bill Drexel and his wife Grace Jin Drexel, son-in-law and daughter of arrested Pastor Ezra Jin Mingri, appeared on PBS News Weekend to discuss the latest news on this crackdown.
