Export Controls and Technology Transfer: Lessons from Russia(PIIE)
Elina Ribakova
February 20, 2025
Approach the task of improving controls on critical technology exports to Russia as a pilot with possible applicability to a future confrontation with China. This includes strengthening the enforcement measures focused on Chinese entities and individuals involved in the evasion and circumvention of Russia-related technology restrictions as well as stepped- up due-diligence by Western companies.
Leverage the primacy of the US and Western financial systems for global sanctions enforcements. The Russia case shows that, despite concerns about attempts by countries such as Russia and China to move away from Western systems, the power of financial sanctions remains very much intact.
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