Are The Russian Sanctions Really Working?

 

WNU Editor: I have been following Neil McCoy-Ward since last year, and he always provides good sound and objective analysis on markets and economic trends. As for the above video, his understanding on how these sanctions will impact Russian oligarchs, the Russian economy, and the average Russian on the street is spot on. 

He is also right that China will cushion much of the economic impact from Western sanctions. He is also right that should China be convinced by the West to impose severe economic sanctions against Russia especially booting them out of China's equivalent of SWIFT, the Russian economy will be in serious trouble. 

But I agree with Neil McCoy-Ward. that the Chinese are not going to burn relations with their most important ally, and I would not be surprised if China will work hard to take advantage of the situation to even further enhance their ties with Moscow.

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