Published on 26 Mar 2022

Uncertainty around secondary sanctions and their likely impact

All eyes are now on "secondary sanctions", following the unprecedented measures taken by the United States and its allies against Russia for invading Ukraine. Many companies around the world - and not just Chinese firms - that work closely with Russia are now operating under a "high degree of uncertainty" as it is not clear how forcefully such sanctions against third parties will be enforced.

Top policymakers in China have made "stabilising the economy" a key priority this year. Hitting the 5.5 per cent growth target, or landing somewhere near the goal, will be important for Mr Xi during the party congress, said Asst Prof Dylan Loh of NTU.

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Photo: Gleb Albovsky / Unsplash