• Foreign Policy

In this interview, Xu Poling, a Russia expert at the Chinese Academy of Social Sciences, reflects on lessons learned from recent research trips to the country. He seeks to explain Russia’s relative resilience in the face of sanctions, concluding several factors are at work – the quick imposition of strict outbound capital controls, forced sales of foreign currency to increase central bank holdings, insistence on selling gas to Europe in rubles, and de-dollarization efforts since 2014.