Return-Path: <010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000@us-east-2.amazonses.com>
Delivered-To: andrew@sterlingcal.com
Received: from reseller401.webserversystems.com
	by reseller401.webserversystems.com with LMTP
	id yIDCHAKMOWSNRwkAchKAPA
	(envelope-from <010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000@us-east-2.amazonses.com>)
	for <andrew@sterlingcal.com>; Fri, 14 Apr 2023 12:23:14 -0500
Return-path: <010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000@us-east-2.amazonses.com>
Envelope-to: andrew@sterlingcal.com
Delivery-date: Fri, 14 Apr 2023 12:23:14 -0500
Received: from e226-58.smtp-out.us-east-2.amazonses.com ([23.251.226.58]:39591)
	by reseller401.webserversystems.com with esmtps  (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA256
	(Exim 4.94.2)
	(envelope-from <010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000@us-east-2.amazonses.com>)
	id 1pnN8j-002cX0-PE
	for andrew@sterlingcal.com; Fri, 14 Apr 2023 12:23:14 -0500
DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple;
	s=z4f3fqh6hj2bdgmalqjk52snbee7qsfc; d=thesgnl.co; t=1681492982;
	h=Date:To:From:Reply-To:Subject:Message-ID:List-Unsubscribe:MIME-Version:Content-Type:Content-Transfer-Encoding;
	bh=j6hZ/uwVnNhvkiiCntYHq07NSHudCERXxenJARGXjIg=;
	b=A899oBZ9rdLHnJHZ5hvhqBcVVZcmuG41vjk43BX4mdGRvnLze8jNFiMjDnhrr9IO
	WWLqO0VQoK2ywmeTLT4qPZGLIR2+NCEs/TzFMUNpNSg7ky+QsDeoM/ksSpF0d32pcqH
	FvxOIaPsXQVIvhn+pQy/9Mj1wJQ9oh3Sr69m2joY=
DKIM-Signature: v=1; a=rsa-sha256; q=dns/txt; c=relaxed/simple;
	s=ndjes4mrtuzus6qxu3frw3ubo3gpjndv; d=amazonses.com; t=1681492982;
	h=Date:To:From:Reply-To:Subject:Message-ID:List-Unsubscribe:MIME-Version:Content-Type:Content-Transfer-Encoding:Feedback-ID;
	bh=j6hZ/uwVnNhvkiiCntYHq07NSHudCERXxenJARGXjIg=;
	b=AJUGWFDQM1WW7QZRnxZNFVLilskePyZK1tN6EFcLxoUWy9y2LaexhZZ4+LwVRQEo
	VhxoJwb8sP3D9u/GOBkSCjhbkukXYjcFbq4lE5D4/meHXzylaJggcoPIzsH6Xa/fklS
	HWwm3F+wPHxPFUc/HOqbrMgrvtCD7wEMxBiQG0LY=
Date: Fri, 14 Apr 2023 17:23:02 +0000
To: Andrew Sterling <andrew@sterlingcal.com>
From: The Signal <newsletter@thesgnl.co>
Reply-To: The Signal <newsletter@thesgnl.co>
Subject: Friends Like These
Message-ID: <010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000@us-east-2.amazonses.com>
X-Mailer: Sendy (https://sendy.co)
List-Unsubscribe: <https://sendy.thesgnl.co/unsubscribe/qfoVnVMBHpHec8Q9fiOAwmH7Q7Q15VMMtaSMjjo9F9w/YtegWWuoSq19cvMMYAMhWA/vwVWAdl7k5qpSefMQBVCwQ>
MIME-Version: 1.0
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
Feedback-ID: 1.us-east-2.RYog5l18i8QSLqGwrO2cfc9S7DY/NjsT8MBZxdOIBX8=:AmazonSES
X-SES-Outgoing: 2023.04.14-23.251.226.58
X-Spam-Status: No, score=-0.4
X-Spam-Score: -3
X-Spam-Bar: /
X-Spam-Flag: NO

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.=
w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html style=3D"font-family:arial, 'helvetica neue', helvetica, sans-serif" =
xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:o=3D"urn:schemas-microsoft-com=
:office:office">
<head><meta charset=3D"UTF-8"><meta content=3D"width=3Ddevice-width, initia=
l-scale=3D1" name=3D"viewport"><meta name=3D"x-apple-disable-message-reform=
atting"><meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"><meta co=
ntent=3D"telephone=3Dno" name=3D"format-detection">
=09<title>Friends Like These</title>
=09<!--[if (mso 16)]>
<style type=3D"text/css">
a {text-decoration: none;}
</style>
<![endif]--><!--[if gte mso 9]><style>sup { font-size: 100% !important; }</=
style><![endif]--><!--[if gte mso 9]>
<xml>
<o:OfficeDocumentSettings>
<o:AllowPNG></o:AllowPNG>
<o:PixelsPerInch>96</o:PixelsPerInch>
</o:OfficeDocumentSettings>
</xml>
<![endif]-->
=09<style type=3D"text/css">#outlook a {
padding:0;
}
.es-button {
mso-style-priority:100!important;
text-decoration:none!important;
}
a[x-apple-data-detectors] {
color:inherit!important;
text-decoration:none!important;
font-size:inherit!important;
font-family:inherit!important;
font-weight:inherit!important;
line-height:inherit!important;
}
.es-desk-hidden {
display:none;
float:left;
overflow:hidden;
width:0;
max-height:0;
line-height:0;
mso-hide:all;
}
@media only screen and (max-width:600px) {p, ul li, ol li, a { line-height:=
150%!important } h1, h2, h3, h1 a, h2 a, h3 a { line-height:120% } h1 { fon=
t-size:30px!important; text-align:left } h2 { font-size:24px!important; tex=
t-align:left } h3 { font-size:20px!important; text-align:left } .es-header-=
body h1 a, .es-content-body h1 a, .es-footer-body h1 a { font-size:30px!imp=
ortant; text-align:left } .es-header-body h2 a, .es-content-body h2 a, .es-=
footer-body h2 a { font-size:24px!important; text-align:left } .es-header-b=
ody h3 a, .es-content-body h3 a, .es-footer-body h3 a { font-size:20px!impo=
rtant; text-align:left } .es-menu td a { font-size:14px!important } .es-hea=
der-body p, .es-header-body ul li, .es-header-body ol li, .es-header-body a=
 { font-size:14px!important } .es-content-body p, .es-content-body ul li, .=
es-content-body ol li, .es-content-body a { font-size:16px!important } .es-=
footer-body p, .es-footer-body ul li, .es-footer-body ol li, .es-footer-bod=
y a { font-size:14px!important } .es-infoblock p, .es-infoblock ul li, .es-=
infoblock ol li, .es-infoblock a { font-size:12px!important } *[class=3D"gm=
ail-fix"] { display:none!important } .es-m-txt-c, .es-m-txt-c h1, .es-m-txt=
-c h2, .es-m-txt-c h3 { text-align:center!important } .es-m-txt-r, .es-m-tx=
t-r h1, .es-m-txt-r h2, .es-m-txt-r h3 { text-align:right!important } .es-m=
-txt-l, .es-m-txt-l h1, .es-m-txt-l h2, .es-m-txt-l h3 { text-align:left!im=
portant } .es-m-txt-r img, .es-m-txt-c img, .es-m-txt-l img { display:inlin=
e!important } .es-button-border { display:inline-block!important } a.es-but=
ton, button.es-button { font-size:18px!important; display:inline-block!impo=
rtant } .es-adaptive table, .es-left, .es-right { width:100%!important } .e=
s-content table, .es-header table, .es-footer table, .es-content, .es-foote=
r, .es-header { width:100%!important; max-width:600px!important } .es-adapt=
-td { display:block!important; width:100%!important } .adapt-img { width:10=
0%!important; height:auto!important } .es-m-p0 { padding:0px!important } .e=
s-m-p0r { padding-right:0px!important } .es-m-p0l { padding-left:0px!import=
ant } .es-m-p0t { padding-top:0px!important } .es-m-p0b { padding-bottom:0!=
important } .es-m-p20b { padding-bottom:20px!important } .es-mobile-hidden,=
 .es-hidden { display:none!important } tr.es-desk-hidden, td.es-desk-hidden=
, table.es-desk-hidden { width:auto!important; overflow:visible!important; =
float:none!important; max-height:inherit!important; line-height:inherit!imp=
ortant } tr.es-desk-hidden { display:table-row!important } table.es-desk-hi=
dden { display:table!important } td.es-desk-menu-hidden { display:table-cel=
l!important } .es-menu td { width:1%!important } table.es-table-not-adapt, =
.esd-block-html table { width:auto!important } table.es-social { display:in=
line-block!important } table.es-social td { display:inline-block!important =
} .es-desk-hidden { display:table-row!important; width:auto!important; over=
flow:visible!important; max-height:inherit!important } }
=09</style>
</head>
<body style=3D"width:100%;font-family:arial, 'helvetica neue', helvetica, s=
ans-serif;-webkit-text-size-adjust:100%;-ms-text-size-adjust:100%;padding:0=
;Margin:0">
<p><span style=3D"display:none !important;font-size:0px;line-height:0;color=
:#ffffff;visibility:hidden;opacity:0;height:0;width:0;mso-hide:all">How&rsq=
uo;s the war in Ukraine changing things between Beijing and Moscow? Eyck Fr=
eymann on the challenges of navigating &ldquo;a strategic mess for the Chin=
ese.&rdquo;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwn=
j;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&=
nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwn=
j;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&=
nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwn=
j;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&=
nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwn=
j;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&=
nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwn=
j;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&=
nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbs=
p;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&=
zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;&nbsp;&zwnj;</span></p=
>

<div class=3D"es-wrapper-color" style=3D"background-color:#F6F6F6"><!--[if =
gte mso 9]>
<v:background xmlns:v=3D"urn:schemas-microsoft-com:vml" fill=3D"t">
<v:fill type=3D"tile" color=3D"#f6f6f6"></v:fill>
</v:background>
<![endif]-->
<table cellpadding=3D"0" cellspacing=3D"0" class=3D"es-wrapper" style=3D"ms=
o-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spa=
cing:0px;padding:0;Margin:0;width:100%;height:100%;background-repeat:repeat=
;background-position:center top;background-color:#F6F6F6" width=3D"100%">
=09<tbody>
=09=09<tr>
=09=09=09<td style=3D"padding:0;Margin:0" valign=3D"top">
=09=09=09<table align=3D"center" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"es-content" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-c=
ollapse:collapse;border-spacing:0px;table-layout:fixed !important;width:100=
%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0;Margin:0">
=09=09=09=09=09=09<table align=3D"center" bgcolor=3D"#ffffff" cellpadding=
=3D"0" cellspacing=3D"0" class=3D"es-content-body" style=3D"mso-table-lspac=
e:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spacing:0px;back=
ground-color:#FFFFFF;width:600px">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;position:relative"><a href=3D"https://c19gz9zr.r.us-east=
-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA=
%2FAZxDAY4b5tPey6UlIPh892vg%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a=
2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/APK92_DH-qjeMMfmMc9pBY23eX8=3D102"=
 style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-=
height-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px"=
 target=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.=
stripocdn.email/content/guids/bannerImgGuid/images/image1681331178237826.pn=
g" style=3D"display:block;border:0;outline:none;text-decoration:none;-ms-in=
terpolation-mode:bicubic" title=3D"" width=3D"100%" /></a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>

=09=09=09<table align=3D"center" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"es-header" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-co=
llapse:collapse;border-spacing:0px;table-layout:fixed !important;width:100%=
;background-color:transparent;background-repeat:repeat;background-position:=
center top">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0;Margin:0">
=09=09=09=09=09=09<table align=3D"center" bgcolor=3D"#ffffff" cellpadding=
=3D"0" cellspacing=3D"0" class=3D"es-header-body" style=3D"mso-table-lspace=
:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spacing:0px;backg=
round-color:#FFFFFF;width:600px">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<h2 style=3D"Margin:0;line-hei=
ght:29px;mso-line-height-rule:exactly;font-family:helvetica, 'helvetica neu=
e', arial, verdana, sans-serif;font-size:24px;font-style:normal;font-weight=
:normal;color:#b7985e"><b>Boundary Issues</b></h2>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>

=09=09=09<table align=3D"center" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"es-content" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-c=
ollapse:collapse;border-spacing:0px;table-layout:fixed !important;width:100=
%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0;Margin:0">
=09=09=09=09=09=09<table align=3D"center" bgcolor=3D"#ffffff" cellpadding=
=3D"0" cellspacing=3D"0" class=3D"es-content-body" style=3D"mso-table-lspac=
e:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spacing:0px;back=
ground-color:#FFFFFF;width:600px">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">How&rsquo;s the war in Ukraine cha=
nging things between Beijing and Moscow? <strong>Eyck Freymann</strong> on =
the challenges of navigating &ldquo;a strategic mess for the Chinese.&rdquo=
;</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;font-size:0px"><a href=3D"https://c19gz9zr.r.us-east-2.a=
wstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F1=
dGgu763TLqveNiPSWH763mZbw%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2c=
a66-5bf0-411a-9e1c-8dbf0947c45e-000000/HEJCyz56yMrerPJObfb285gKtKs=3D102" s=
tyle=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-he=
ight-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px" t=
arget=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.st=
ripocdn.email/content/guids/CABINET_b2af87a921ce8e75fb0666dc4308588d/images=
/sl16001_copy_2.jpeg" style=3D"display:block;border:0;outline:none;text-dec=
oration:none;-ms-interpolation-mode:bicubic" width=3D"560" /></a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#969892;font-size:16px">Ivy Gould / The Signal</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><strong>A state visit to Moscow in=
 late March</strong> signaled Chinese President Xi Jinping&rsquo;s enduring=
 commitment to the close relationship he&rsquo;s developed with his Russian=
 counterpart, Vladimir Putin. Early last year, three weeks before Russia in=
vaded Ukraine, Xi and Putin met in Beijing, announcing that their countries=
&rsquo; partnership was <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me=
/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F50Znbx5TGrg=
fijRSSiTWsA%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a-=
9e1c-8dbf0947c45e-000000/3qtYeups_ecc_3fCrwA2ykV7eNg=3D102" style=3D"-webki=
t-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exac=
tly;text-decoration:underline;color:#B7985E;font-size:16px">now at a level<=
/a> with &ldquo;no limits&rdquo; and &ldquo;no forbidden zones.&rdquo;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">Since the invasion, the alliance h=
as appeared unshaken&mdash;despite Moscow&rsquo;s <a href=3D"https://c19gz9=
zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr=
6NDlbHE4k9mA%2F8OQSOrbzs0wO0r9c75tuww%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780=
cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/JfThqDjWyuelApuhVuesyFop=
6Eo=3D102" style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none=
;mso-line-height-rule:exactly;text-decoration:underline;color:#B7985E;font-=
size:16px">military failures</a>, its <a href=3D"https://c19gz9zr.r.us-east=
-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA=
%2FFKftG78UkQdf2Yte4l763EIw%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a=
2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/QNNQJ0eJuZGaOF3rBiVP71-wQWI=3D102"=
 style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-=
height-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px"=
>isolation by the West</a>, and the damage the war has brought to the Russi=
an economy from <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me/L0/http=
s:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FbVQD49xknrfOZqw7ySG=
YzQ%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8db=
f0947c45e-000000/d8M6QiItDJyCOckaq8C5B3zIBEA=3D102" style=3D"-webkit-text-s=
ize-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly;text=
-decoration:underline;color:#B7985E;font-size:16px">international sanctions=
</a> and the loss of <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me/L0=
/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F763892LJs7NjaL=
XL5s6PZxWooA%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a=
-9e1c-8dbf0947c45e-000000/LPPEgAzwvl5oI70BjBXVwuKrSzw=3D102" style=3D"-webk=
it-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exa=
ctly;text-decoration:underline;color:#B7985E;font-size:16px">major export m=
arkets for natural gas</a>. The remarkable resilience of the partnership is=
 significant, potentially not least as the foundation of a bloc opposing th=
e West in a <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me/L0/https:%2=
F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FHHyixLHclWCJjlo8iAn7wg%=
2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf094=
7c45e-000000/70Nh6UVT4_dAhPjAUnjnjmDlvZs=3D102" style=3D"-webkit-text-size-=
adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly;text-dec=
oration:underline;color:#B7985E;font-size:16px">new Cold War</a> between de=
mocracies and autocracies. Still, China continues to refuse Russia any mili=
tary assistance against Ukraine, and just last week Beijing&rsquo;s ambassa=
dor to the EU insisted that China wasn&rsquo;t on Putin&rsquo;s side in the=
 war at all&mdash;and that the phrase &ldquo;no limits&rdquo; was just rhet=
orical. So what&rsquo;s the status of the relationship, exactly?</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><strong>Eyck Freymann</strong> is =
the author of <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me/L0/https:=
%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FTjpqcabYajFt7QJ7YG3jh=
A%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0=
947c45e-000000/w_zY_DsHWspBUpxpWbSmx5y0Y-4=3D102" style=3D"-webkit-text-siz=
e-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly;text-d=
ecoration:underline;color:#B7985E;font-size:16px"><em>One Belt One Road: Ch=
inese Power Meets the World</em></a>. To Freymann, the close connection bet=
ween Xi and Putin, and the close alignment between Beijing and Moscow in th=
e years and months leading up to the war, have taken very complicated turns=
 now. Russia is overextended and isolated, needing all the support it can g=
et from its most powerful ally in the world. And China is anxious, needing =
for its own sake to ensure Putin remains in power while managing increasing=
ly fraught relations around the world&mdash;which Russia&rsquo;s blunder in=
 Ukraine continues to make only more difficult. Meanwhile, neither Beijing =
nor Ukraine&rsquo;s allies in the capitals of the West want China to get di=
rectly involved in the war&mdash;but depending on what happens on the battl=
efield, none of them may be able to prevent it.</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:20px;Margin:0;font-size:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<table border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" height=3D"100%" role=3D"presentation" style=3D"ms=
o-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spa=
cing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td style=3D"padding:=
0;Margin:0;border-bottom:1px solid #969892;background:unset;height:1px;widt=
h:100%;margin:0px">&nbsp;</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><strong>Sean Nangle</strong>: How&=
rsquo;s the relationship between China and Russia changed since the invasio=
n of Ukraine?</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><strong>Eyck Freymann</strong>: Th=
is now-infamous meeting prior to the invasion, where Xi Jinping and Vladimi=
r Putin agreed on their countries&rsquo; &ldquo;no limits&rdquo; friendship=
, was a pivotal moment.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">Before that, relations between Chi=
na and Russia had been improving since the mid-1980s&mdash;and that had acc=
elerated since 2013, mainly thanks to the unusually close personal relation=
ship between Xi and Putin. The two have met more than 30 times. They know o=
ne another better than any other world leaders of similarly sized countries=
 do.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">But the proclamation of a &ldquo;n=
o limits&rdquo; partnership was important, because China and Russia have be=
en divided, historically, by some real conflicts of interest&mdash;as much =
as Beijing and Moscow have tried to downplay these conflicts and project so=
lidarity to the West.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">They have serious clashes of inter=
est in Central Asia. They have a 2,600-mile border and a history of conflic=
t along it. The Chinese leadership has long believed it was the victim of b=
ad Russian-brokered treaties that led to them losing lot of land&mdash;in M=
anchuria, modern-day Mongolia, and Siberia. The two countries almost came t=
o blows in the 1960s. And the Chinese have never forgotten any of it.</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;font-size:0px"><a href=3D"https://c19gz9zr.r.us-east-2.a=
wstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F5=
A2OOliJ6lh9y6wybOSeHg%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-=
5bf0-411a-9e1c-8dbf0947c45e-000000/hKx3wM7Aa8vdc5Luv5sUTV4kOUo=3D102" style=
=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height=
-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px" targe=
t=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.stripo=
cdn.email/content/guids/CABINET_b2af87a921ce8e75fb0666dc4308588d/images/lor=
es_ad_concept147.jpg" style=3D"display:block;border:0;outline:none;text-dec=
oration:none;-ms-interpolation-mode:bicubic" width=3D"560" /></a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#969892;font-size:16px">Advertisement</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">So it&rsquo;s meaningful that Xi w=
as willing to get behind the &ldquo;no limits&rdquo; language. But it&rsquo=
;s also pretty clear that when did, he wasn&rsquo;t expecting Putin to go a=
head with an invasion of Ukraine. And when that happened, Putin put Xi in a=
n extremely awkward position.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">Xi has made it clear that, with th=
e way he sees the world <a href=3D"https://c19gz9zr.r.us-east-2.awstrack.me=
/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FHHyixLHclWC=
Jjlo8iAn7wg%2FvwVWAdl7k5qpSefMQBVCwQ/2/010f018780cab9de-d3a2ca66-5bf0-411a-=
9e1c-8dbf0947c45e-000000/6FX9E6g1VF0IfMn7xBpdKx5caNw=3D102" style=3D"-webki=
t-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exac=
tly;text-decoration:underline;color:#B7985E;font-size:16px">redividing into=
 blocs</a>&mdash;what he calls the &ldquo;great change unseen in a century&=
rdquo;&mdash;China can&rsquo;t do without Russia. Among other reasons: If t=
here were to be a war with the United States in the Pacific, China would ne=
ed land corridors to access energy and rare minerals, in order to keep its =
economy functioning. China doesn&rsquo;t have many other close partners&mda=
sh;apart from Pakistan, North Korea, Laos, and Cambodia. So when Putin inva=
ded Ukraine, Xi couldn&rsquo;t just abandon him.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">At the same time, the U.S. has thr=
eatened credibly that, if China provided Russia with any lethal aid or form=
al support, China would become subject to direct sanctions&mdash;and probab=
ly indirect sanctions as well. Depending on how U.S. retaliation were desig=
ned, it could badly set back China&rsquo;s tech sector and potentially even=
 destabilize the Chinese banking system. And Washington could threaten to s=
end more weapons to Taiwan.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">So China has tried to play both si=
des of the conflict, maintaining an ambiguous position that leans toward Ru=
ssia. In the meantime, the relationship between China and Russia has deepen=
ed, with Russia becoming more dependent on China as a buyer of Russian ener=
gy and a supplier of Chinese microchip technology.</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">Still, we shouldn&rsquo;t overstat=
e China&rsquo;s willingness to follow Russia into the Ukraine sinkhole. Chi=
na has other considerations to attend to, including managing its relationsh=
ip with Europe. And so far&mdash;while it&rsquo;s provided Russia with all =
kinds of assistance short of lethal aid&mdash;there&rsquo;s a threshold Bei=
jing has refused to cross.</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;font-size:0px"><a href=3D"https://c19gz9zr.r.us-east-2.a=
wstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F1=
dGgu763TLqveNiPSWH763mZbw%2FvwVWAdl7k5qpSefMQBVCwQ/2/010f018780cab9de-d3a2c=
a66-5bf0-411a-9e1c-8dbf0947c45e-000000/S63CMiKADcD6-znctYnELfm4VKY=3D102" s=
tyle=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-he=
ight-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px" t=
arget=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.st=
ripocdn.email/content/guids/CABINET_b2af87a921ce8e75fb0666dc4308588d/images=
/nat_geo.jpeg" style=3D"display:block;border:0;outline:none;text-decoration=
:none;-ms-interpolation-mode:bicubic" width=3D"560" /></a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#969892;font-size:16px">Ivy Gould / The Signal</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><em>More from Eyck Freymann at The=
 Signal:</em><br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&ldquo;<strong>From the Chines=
e perspective,</strong> the quandary is that Putin can&rsquo;t be allowed t=
o lose in so humiliating a way that there&rsquo;d then be a significant ris=
k of Russia cracking up. China is very concerned about the prospect of fail=
ed nuclear states on its border. It has enough experience dealing with erra=
tic nuclear-armed characters in neighboring states, North Korea and Pakista=
n. It also knows that a Russian breakup would be bad for its interests in C=
entral Asia and potentially bad for its own internal security&mdash;not to =
mention bad for Xi&rsquo;s domestic position, because he&rsquo;s put so muc=
h political capital into his relationship with Putin.&rdquo;<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&ldquo;<strong>If there&rsquo;=
s a big Ukrainian breakthrough</strong> on one of the two major battle line=
s during the counteroffensive likely to start later this month&mdash;the Sv=
atove line in the North or the Zaporizhzhia line in the South&mdash;and the=
 Russian position starts to crumble, it will be a huge problem for China. W=
e know from public sources that China is very concerned about a Russian bat=
tlefield collapse endangering Putin&rsquo;s domestic position&mdash;and so,=
 Beijing&rsquo;s interests. In that scenario, the Chinese might feel compel=
led to enter the conflict openly by providing Russia with lethal aid. So fa=
r, they&rsquo;ve been deterred by U.S. threats of sanctions. But a real pro=
spect of Russia falling apart would be just too pressing for Chinese securi=
ty interests for the threat of sanctions to outweigh it.&rdquo;<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&ldquo;<strong>The war&nbsp;ha=
s also shown&nbsp;the West&rsquo;s ability</strong> to pull together and im=
pose sanctions that have some bite&mdash;and to maintain unity and sustain =
aid. But the U.S. government&rsquo;s unwillingness to put boots on the grou=
nd, despite its support for Ukraine, suggests that it&rsquo;s prioritizing =
the Indo-Pacific theatre over the European theatre. The Russian invasion ha=
s actually helped spur a consensus between Democrats and Republicans on sup=
porting Taiwan. U.S. policy on the issue is still formally ambiguous, but i=
t would be a lot more politically embarrassing now for the U.S. simply to a=
bandon Taiwan than it would have been just a couple of years ago. That&rsqu=
o;s a major change.&rdquo;</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0"><!--[if mso]><a href=3D"https://c19gz9zr.r.us-east-2.aw=
strack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F1d=
Ggu763TLqveNiPSWH763mZbw%2FvwVWAdl7k5qpSefMQBVCwQ/3/010f018780cab9de-d3a2ca=
66-5bf0-411a-9e1c-8dbf0947c45e-000000/Gbn9vqbiBAtTtZLDmGaU4KxUglk=3D102" ta=
rget=3D"_blank" hidden>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word" esdevVmlButton href=3D"https://sendy.thesgnl.=
co/l/47QrwdESMr6NDlbHE4k9mA/1dGgu763TLqveNiPSWH763mZbw/vwVWAdl7k5qpSefMQBVC=
wQ"=20
style=3D"height:41px; v-text-anchor:middle; width:200px" arcsize=3D"50%" st=
roke=3D"f" fillcolor=3D"#b7985e">
<w:anchorlock></w:anchorlock>
<center style=3D'color:#ffffff; font-family:arial, "helvetica neue", helvet=
ica, sans-serif; font-size:15px; font-weight:400; line-height:15px; mso-tex=
t-raise:1px'>Continue reading ...</center>
</v:roundrect></a>
<![endif]--><!--[if !mso]><!-- --><span class=3D"msohide es-button-border" =
style=3D"border-style:solid;border-color:#b7985e;background:#b7985e;border-=
width:0px;display:inline-block;border-radius:30px;width:auto;mso-border-alt=
:10px;mso-hide:all"><a class=3D"es-button" href=3D"https://c19gz9zr.r.us-ea=
st-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9=
mA%2F1dGgu763TLqveNiPSWH763mZbw%2FvwVWAdl7k5qpSefMQBVCwQ/4/010f018780cab9de=
-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/D8NWBrLsT388jk5VuJ_yUN7sALY=3D=
102" style=3D"mso-style-priority:100 !important;text-decoration:none;-webki=
t-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exac=
tly;color:#FFFFFF;font-size:18px;display:inline-block;background:#b7985e;bo=
rder-radius:30px;font-family:arial, 'helvetica neue', helvetica, sans-serif=
;font-weight:normal;font-style:normal;line-height:22px;width:auto;text-alig=
n:center;padding:10px 20px 10px 20px;border-color:#b7985e" target=3D"_blank=
">Continue reading ...</a></span><!--<![endif]--></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:20px;Margin:0;font-size:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<table border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" height=3D"100%" role=3D"presentation" style=3D"ms=
o-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;border-spa=
cing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td style=3D"padding:=
0;Margin:0;border-bottom:1px solid #969892;background:unset;height:1px;widt=
h:100%;margin:0px">&nbsp;</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;font-size:0px"><a href=3D"https://c19gz9zr.r.us-east-2.a=
wstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FB=
JD3ildcjBnfYdOb1YoKXA%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-=
5bf0-411a-9e1c-8dbf0947c45e-000000/Z2iqGXckMk_b_Vl5veIAik6jeuM=3D102" style=
=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height=
-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px" targe=
t=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.stripo=
cdn.email/content/guids/CABINET_b2af87a921ce8e75fb0666dc4308588d/images/ig_=
music_mock_up005.jpeg" style=3D"display:block;border:0;outline:none;text-de=
coration:none;-ms-interpolation-mode:bicubic" width=3D"560" /></a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"pa=
dding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px"><a href=3D"https://c19gz9zr.r.us-e=
ast-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k=
9mA%2F6s13qRqXye97635Koa5jy5zQ%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-=
d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/Gd22r4JrUalvjPGQyk9EygCAw_Y=3D1=
02" style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-li=
ne-height-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16=
px" target=3D"_blank"><strong>The Signal</strong></a>&nbsp;explores urgent =
questions in current events around the world&mdash;to support it and for fu=
ll access:</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0"><!--[if mso]><a href=3D"https://c19gz9zr.r.us-east-2.aw=
strack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FJ7=
mG4i9sHO9Q3763QPHvUVyg%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66=
-5bf0-411a-9e1c-8dbf0947c45e-000000/le9KxQH0yPJI4lIWnAXyJqRA8hw=3D102" targ=
et=3D"_blank" hidden>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word" esdevVmlButton href=3D"https://sendy.thesgnl.=
co/l/47QrwdESMr6NDlbHE4k9mA/J7mG4i9sHO9Q3763QPHvUVyg/vwVWAdl7k5qpSefMQBVCwQ=
"=20
style=3D"height:41px; v-text-anchor:middle; width:161px" arcsize=3D"50%" st=
roke=3D"f" fillcolor=3D"#b7985e">
<w:anchorlock></w:anchorlock>
<center style=3D'color:#ffffff; font-family:arial, "helvetica neue", helvet=
ica, sans-serif; font-size:15px; font-weight:400; line-height:15px; mso-tex=
t-raise:1px'>Subscribe now</center>
</v:roundrect></a>
<![endif]--><!--[if !mso]><!-- --><span class=3D"msohide es-button-border" =
style=3D"border-style:solid;border-color:#2cb543;background:#b7985e;border-=
width:0px;display:inline-block;border-radius:30px;width:auto;mso-border-alt=
:10px;mso-hide:all"><a class=3D"es-button" href=3D"https://c19gz9zr.r.us-ea=
st-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9=
mA%2FJ7mG4i9sHO9Q3763QPHvUVyg%2FvwVWAdl7k5qpSefMQBVCwQ/2/010f018780cab9de-d=
3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/IRCiofvcrMCMZkmJvhqrbrzCpGY=3D10=
2" style=3D"mso-style-priority:100 !important;text-decoration:none;-webkit-=
text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactl=
y;color:#FFFFFF;font-size:18px;display:inline-block;background:#b7985e;bord=
er-radius:30px;font-family:arial, 'helvetica neue', helvetica, sans-serif;f=
ont-weight:normal;font-style:normal;line-height:22px;width:auto;text-align:=
center;padding:10px 20px 10px 20px;border-color:#b7985e" target=3D"_blank">=
Subscribe now</a></span><!--<![endif]--></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0;font-size:0px"><a href=3D"https://c19gz9zr.r.us-east-2.a=
wstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2FQ=
2r0NiAaCTR1EwLLXdErEQ%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-=
5bf0-411a-9e1c-8dbf0947c45e-000000/lM1QFmqD0E9UrpYMwm87GrzBlN0=3D102" style=
=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-height=
-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px" targe=
t=3D"_blank"><img alt=3D"" class=3D"adapt-img" src=3D"https://ajwcbt.stripo=
cdn.email/content/guids/CABINET_b2af87a921ce8e75fb0666dc4308588d/images/gng=
l_blk_short_gold_line001_0Vm.png" style=3D"display:block;border:0;outline:n=
one;text-decoration:none;-ms-interpolation-mode:bicubic" width=3D"560" /></=
a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td align=3D"left" style=3D"padding:0;Margin:0;p=
adding-top:20px;padding-left:20px;padding-right:20px">
=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D"0" style=
=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;border-collapse:collapse;bord=
er-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"padding:0=
;Margin:0;width:560px" valign=3D"top">
=09=09=09=09=09=09=09=09=09=09=09=09<table cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0p=
t;border-collapse:collapse;border-spacing:0px" width=3D"100%">
=09=09=09=09=09=09=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<td align=3D"center" style=3D"=
padding:0;Margin:0">
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">This email address is unmonitored;=
 please send questions or comments&nbsp;<a href=3D"mailto:mail@thesgnl.com"=
 style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-line-=
height-rule:exactly;text-decoration:underline;color:#B7985E;font-size:16px"=
>here</a>.<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">To advertise with The Signal:&nbsp=
;<a href=3D"mailto:advertise@thesgnl.com" style=3D"-webkit-text-size-adjust=
:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly;text-decoratio=
n:underline;color:#B7985E;font-size:16px">advertise@thesgnl.com</a>.<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&nbsp;</p>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">Add us to your&nbsp;<a href=3D"mai=
lto:newsletter@thesgnl.com" style=3D"-webkit-text-size-adjust:none;-ms-text=
-size-adjust:none;mso-line-height-rule:exactly;text-decoration:underline;co=
lor:#B7985E;font-size:16px">address book</a>.<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09&nbsp;</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<a href=3D"https://c19gz9zr.r.=
us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Funsubscribe%2FqfoVn=
VMBHpHec8Q9fiOAwmH7Q7Q15VMMtaSMjjo9F9w%2FYtegWWuoSq19cvMMYAMhWA%2FvwVWAdl7k=
5qpSefMQBVCwQ/1/010f018780cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-00000=
0/ho8kio6y2hXhfBnCRe4hJiyJvt4=3D102" ><a href=3D"https://c19gz9zr.r.us-east=
-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA=
%2F28jhHM763892Tr8MGJKRp8925xPA%2FvwVWAdl7k5qpSefMQBVCwQ/1/010f018780cab9de=
-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/2JpXdFS89OwO7HuTmOkzjlQRdWY=3D=
102" style=3D"-webkit-text-size-adjust:none;-ms-text-size-adjust:none;mso-l=
ine-height-rule:exactly;text-decoration:underline;color:#B7985E;font-size:1=
6px">Unsubscribe here</a>.<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<br />
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<span style=3D"color:#333333;f=
ont-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;font-siz=
e:16px">&copy; 2022 The Signal</span>

=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09<p style=3D"Margin:0;-webkit-t=
ext-size-adjust:none;-ms-text-size-adjust:none;mso-line-height-rule:exactly=
;font-family:helvetica, 'helvetica neue', arial, verdana, sans-serif;line-h=
eight:24px;color:#333333;font-size:16px">&nbsp;</p>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09</a></td>
=09=09=09=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09=09=09=09</table>
=09=09=09=09=09=09=09=09=09</td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</td>
=09=09</tr>
=09</tbody>
</table>
</div>
<img alt=3D"" src=3D"https://c19gz9zr.r.us-east-2.awstrack.me/I0/010f018780=
cab9de-d3a2ca66-5bf0-411a-9e1c-8dbf0947c45e-000000/fi89-OugKqchZDW7csZnb1so=
qbQ=3D102" style=3D"display: none; width: 1px; height: 1px;">
</body>
</html>
<img src=3D"https://sendy.thesgnl.co/t/vwVWAdl7k5qpSefMQBVCwQ/47QrwdESMr6ND=
lbHE4k9mA" alt=3D"" style=3D"width:1px;height:1px;"/>
