Russia’s no-limits partnership with China has accelerated a fundamental shift in the global economic and security order. As the Kremlin continues to wage war against Ukraine, the United States and Europe should ramp up cooperation to counter Moscow’s growing economic and political ambitions. Europe needs to take significant steps to restore its economic security, including (a) ending dependence on Russian energy, (b) dismantling illicit financial networks that enable sanctions evasion, and (c)