... relatively high. But financial, industrial, defence and technology companies have long lived under a regime of sanctions against Russia as a whole, as well as individual sectors of its economy. The new blocking sanctions aren’t having a shock effect on the economy. Secondary sanctions are also unlikely to have a shock effect. Large companies have long been cautious in dealing with Russia, and smaller companies with an appetite for risk will continue to seek high returns. Third-country governments can crack down on firms in ...
... cooperation in this area even before the pandemic was over. However, the recovery of tourist flows from Russia, which the key countries in the region were counting on to revitalize their economies, faced new challenges triggered by the imposition of Western sanctions on Russia after February 2022.
The most serious factors of the connectivity gap were logistics and finance. Although prior to February 2022, experts had uttered their regret that not all countries in the region had direct air links, generally,...
... bilateral cooperation between Russia and Serbia, considering today’s international climate and the influence of third-party states on these relations. Looking forward, the paper also assesses the probability of Belgrade tagging onto the anti-Russian sanctions in the future.
The Prospects for Russian-Serbian Relations Amid Sanctions
, 2.2 Mb
... of third countries may face administrative and even criminal prosecution by US authorities. In other words, Washington’s blocking sanctions extend far beyond US territory. Given the still-high role of American financial institutions in the global economy, US sanctions affect many countries. Even businesses in Russia-friendly jurisdictions are forced to take the threat of secondary sanctions seriously—that is, being added to the list of blocked persons for transactions with people and structures already ...
... political, economic and reputational reasons—to try to step up negotiations with Jakarta, aspiring to reach a somewhat advanced stage in the relations with its Union partners by late 2023.
***
With the Collective West seeking to exclude Russia from global economy and trade, technological sovereignty, alternative financial mechanisms and foreign relations within the EAEU become a more significant tool for Moscow to make up for sanctions losses and to get adapted to external shocks. Therefore, it can be assumed that Russia will be more enthusiastic and pragmatic in its approach to building ties with its partners in the Union in the foreseeable future. At the same time, one should ...
... future outlook?
Ivan Timofeev:
Is It Possible to Lift Sanctions Against Russia? — No
Ivan Timofeev (IT)
: The impact of Western sanctions against Russia is quite huge and we should not dismiss the long-term damage. A number of sectors in the Russian economy have suffered due to the unprecedented unilateral sanctions, like the financial sector, energy, infrastructure, and high tech. The sanctions will be with Russia for years, if not decades, because the conflict in Ukraine is very complicated, hard to settle diplomatically and come to a stable and sustainable ...
... developing in the Indian market, with the difference that Indian business is more connected than Chinese business with America, and its awareness of doing business in Russia is lower. As a consequence, Indian companies and banks integrated into the global economy will comply even more closely with sanctions restrictions, despite their interest in developing ties with Russia. Accordingly, even more active informational work is needed to establish Russian-Indian business ties, as well as the creation of a secure settlement mechanism. India already ...
... the Ukrainian issue is not in the interests of Tajikistan’s leadership. Additionally, in stressing its neutral stance, Tajikistan is the only state in Central Asia not to have sent humanitarian aid to Ukraine.
Tajikistan fears the West’s secondary sanctions that could be imposed on states that openly support Russia’s special operation, especially since the U.S. has already made it known that it considers Central Asia (and Tajikistan in particular) a potential transit route for delivering sanctions-hit ...
... the main obstacles to China–Russia relations appear in a wide range of areas. Politically, it is visible in the polarization of the international community, which is increasingly moving towards opposing camps; economically, by global fragmentation, sanctions, and regionalization of the global economy; security-wise, by the highly dangerous slide from a “cold” to a “hot” war; in international relations, by re-ideologization. As for global governance, matters have become even more complicated; now, it is even difficult to gather everyone ...
The decline of the Russian economy is not beneficial to China
The large-scale sanctions that have been slapped on Russia by the “collective West” naturally raised the question of its deepening and expanding economic relations with China. According to a number of parameters, Russia has no alternatives to cooperation with the ...
