![]() How Putin Turned a Western Boycott Into a Bonanza He has also subjected those exits to ever-increasing taxes, generating at least $1.25 billion in the past year for Russia’s war chest." ![]() Putin has squeezed companies for as much of that wealth as possible by dictating the terms of their departure. ![]() Western companies that have announced departures have declared more than $103 billion in losses since the start of the war, according to a Times analysis of financial reports. Putin has turned an expected misfortune into an enrichment scheme. Sometimes he has seized firms outright.Ī New York Times investigation traced how Mr. He has limited sales to buyers anointed by Moscow. He has forced companies wishing to sell to do so at fire-sale prices. Putin has turned the exits of major Western companies into a windfall for Russia’s loyal elite and the state itself. If there is to be a hot war with China - leave before the war starts, or take your hits and stay throughout the war: Leaving after a war begins is incredibly challenging, and expensive. The lesson for Western companies in China? Read this article about what happened to Western companies that didn't leave Russia before the war started. 'An increasingly assertive Beijing is being more aggressive with its overseas influence operations," said Isaac Stone Fish, founder and CEO of Strategy Risks, a firm that helps companies navigate political risk in China."Ĭhina keeps up campaign to pressure critics abroad despite Western backlash "China has pushed back with staunch denials and retaliatory moves while apparently shrugging off any damage to diplomatic relations and betting that trade ties can weather the storm-a signal, experts said, it has no intention of backing off. What's different with China is the scale and the strategy.) As it's global interests and influence grows, why wouldn't it do so more? (And it's far from unique: basically every other country so as well. We have to remember that China has long meddled in other countries internal affairs, despite it's denials. This is an authoritative and important story of corruption and good intentions gone wrong, with serious implications not only for the future of the United States, but for the world at large.Great to chat with Reuters about Beijing's influence campaigns, and what that means for businesses and institutions globally. And it shows how to fight that influence - without being paranoid, xenophobic, or racist. And he explains how - although this belief has proved misguided - many of our businesspeople and politicians have become too dependent on China to challenge it.Īmerica Second exposes a deep network of Beijing’s influence in America, built quietly over the years through prominent figures like former secretaries of state Henry Kissinger and Madeleine Albright, Disney Chairman Bob Iger, and members of the Bush family. He shows how America’s leaders initially welcomed China’s entry into the US economy, believing that trade and engagement would lead to a more democratic China. In America Second, Isaac Stone Fish traces the evolution of the Party’s influence in America. Why did this happen? And what can we do about it? Americans have been slow to wake up to the challenges posed by the Chinese Communist Party. The past few years have seen relations between China and the United States shift, from enthusiastic economic partners, to wary frenemies, to open rivals. A timely, provocative exposé of American political and business leadership’s deep ties to China: a network of people who believe they are doing the right thing - at a profound and often hidden cost to US interests.
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