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Back in the USSR
Putin is effectively destroying opportunities for Russian businesses outside of Asia. Given that competition in Asia is much tougher than in Europe and the US, in practical terms Russia has become a land-locked country. Of course, they will continue exporting their natural resources, but it has become their de-facto ceiling. Remarkably, they built it themselves, one LNR at a time.
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Washington has so far received support from Singapore, Japan, and Taiwan for plans to implement restrictive export controls on Russia, three U.S. sources tell Foreign Policy, part of a broader sanctions package aimed at crushing Russia’s economy and technology sectors should the Kremlin move forward with plans to launch a full-fledged invasion of Ukraine. The three Asian countries are major producers of semiconductors, computer chips, and other high-end technological exports that Russia is reliant on.
https://foreignpolicy.com/2022/02/22/biden-russia-ukraine-sanctions-asia-allies-export-controls-invasion-plans/
Japan said on Tuesday it stood ready to join the United States and other G7 industrialised nations in slapping sanctions on Russia, should President Vladimir Putin order an invasion of Ukraine.
That action was "unacceptable and a violation of international law," Prime Minister Fumio Kishida, who called Putin on Thursday to urge restraint, told reporters.
Japan was ready for a strong response that could include sanctions, he added. <...>
New sanctions by Japan, which would add to those imposed on Russia in 2014 after it occupied the Crimea, would include a ban on semiconductor chips and other key technology exports and tougher curbs on Russian banks, the Yomiuri newspaper has said.
Although Japan, with just a 10% share of the global chip market, is no longer a major exporter of semiconductors, it is a key maker of specialised electronic components, from automotive chips to image sensors, and dominates fields such as high tech manufacturing equipment.
https://www.reuters.com/world/asia-pacific/japan-likely-join-any-us-led-sanctions-russia-yomiuri-2022-02-22/
Putin was smart to recognize the independence of LNR while denying the independence of Taiwan.
"The Russian side reaffirms its support for the One-China principle, confirms that Taiwan is an inalienable part of China, and opposes any forms of independence of Taiwan."
http://en.kremlin.ru/supplement/5770
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