... building transaction mechanisms independent of the Western financial infrastructure will reduce the ability of Western countries to use their financial capabilities for political purposes
One of the key challenges facing the initiators of economic sanctions is in creating a coalition of countries willing to implement the restrictive measures. A common thesis in the research literature is that the presence of such a coalition enhances the effectiveness of sanctions pressure [
1
] — the more countries ...
... Economic security issues were explicitly identified as a separate dimension and include a wide range of issues — from poverty and inequality to climate and the environment. However, the further reference of the president’s speech to the policy of sanctions and the reliability of deposits in the debt obligations of Western states suggests that the key aspect of the economic dimension of Eurasian security architecture may be precisely the question of using the economy as a weapon; to protect against ...
...?
Obviously, the NSR is critical for Russia as it considers it a historical national transport route, like how Canada perceives the Northwest Passage. Geopolitical developments in the past two years have accentuated its importance for Russia due to sanctions. It serves as a major transport route in developing trade with East Asia, especially China. China-Russia trade turnover has reached USD 240 billion—poised to only grow higher—and the NSR is one of the routes that facilitates this trade. ...
... Russian-Chinese “comprehensive partnership and strategic interaction of the new era” represent a key element of the emerging multipolar world order. Moscow and Beijing’s mutual support in the international arena, growing trade turnover in the face of sanctions, strengthening humanitarian ties, and people-to-people cooperation represent a unique example of the constructive dialogue taking place between these two truly sovereign states. Further confirming this dynamic was Russian President Vladimir ...
... rate, jumping from $12 billion to $65 billion in two years, with crude oil accounting for the lion’s share of this growth. Initially, Western countries tried to cut off this flow, but Russian big business demonstrated a phenomenal ability to dodge sanctions: they used shell or fly-by-night companies in third countries and shadow fleets, along with other tricks. Indian big business provided much help in establishing bypass routes. In the end, this strategy bore fruit: Western political and economic ...
... North Korean students and postgraduates in Russian universities as well as for improving North Korean medical industry and medical technology. In the author’s opinion, although some medical equipment is labeled as dual-use goods and is subject to sanctions, the opening of a Russian medical center in Pyongyang could significantly improve the situation.
Andrey Kortunov:
The Cold War Never Ended in Asia
Yet the most important
document
by far is
the Treaty on Comprehensive Strategic Partnership ...
... titled “21
st
Century Peace through Strength Act”. In Russia, the bill received resonance in connection with the legal mechanism for the confiscation of Russia’s sovereign assets. Previously, there were no such mechanisms in the arsenal of US sanctions policy towards Russia. What will the new law look like? What was the relationship between the Biden Administration and Congress regarding the bill and sanctions against Russia in general? What were the prerequisites for its adoption and what ...
... “BRICS: New Figures at the Global Chessboard.”
During the special session, the experts discussed ways for BRICS to build relations with the rest of the world in the new international landscape. In particular, they addressed matters pertaining to Western sanctions that cause new risks for economic and financial cooperation among BRICS nations and their business communities. The speakers also discussed the impact of unilateral restrictions on directions for BRICS development, which offer opportunities ...
... West remains firmly committed to disrupt this trend and the Western pressure on Beijing is constantly growing. Not surprisingly, the Chinese private sector is getting increasingly concerned about the scope of the likely negative impact that secondary sanctions might have on their business prospects. After the European Union had introduced its 12
th
package of restrictive measures against Moscow, a number of the leading China’s banks became reluctant to accept dollar payments from Russia; as a result,...
... Regional and Global Politics: Hard and Soft Security Issues.”
On April 27, RIAC held three sections: “Impact of Evolving European Security Threats on Union State,” “Analyzing Situation in the Arctic and Policies of Arctic States” and “EU Sanctions Policy Toward Russia Before and After February 2022: A Comparative Outlook.”
During the session on the evolution of the Union State of Russia and Belarus, experts from both sides reviewed the challenges Moscow and Minsk face amid the European ...
