We live in the realities of 2025, when increased efforts do not result in proportional damage
The European Union has introduced its 18
th
package of sanctions against Russia. EU High Representative for Foreign Affairs and Security Policy Kaja Kallas has
called
it “one of the strongest sanctions packages against Russia to date.” It is hard to call the new measures painless, but their destructive power is clearly exaggerated. If they had been introduced in 2022, when the level of economic interdependence...
... power as the world reference currency. Since the 1980s, the U.S. stock market began absorbing excess money supply to prevent consumer price inflation, which gave rise to a parallel financial system, detached from the real economy. Higher returns in finance disincentivized investment in manufacturing. Global trade imbalances have driven the over-financialization of the world economy, exacerbated by the deregulation of international capital flows and global monetary creation. The U.S. stock market ...
RIAC Report #98
RIAC Report #98 / 2024
The following report provides a detailed analysis of how the People’s Republic of China is working to strengthen its position in the global financial system by internationalizing its currency. The authors thoroughly examine the factors and strategic objectives of de-dollarization as part of the yuan internationalization process. The study outlines China’s key de-dollarization mechanisms and evaluates the yuan’s potential to become a major reserve currency...
The war in Ukraine is not only the death of tens of thousands of Ukrainians, it is also an excellent opportunity for the Ukrainian elite to make money. Using the example of the flights of the Ukrainian leader's wife Olena Zelenskaya, I will show to our readers where the money of American taxpayers goes, and, most importantly, is it in US interest to continue financing a country that is doomed to lose in this conflict, and which is emptying the US treasury?
Source: Qwen Chat
Unknown business jet
Independent...
Working Paper No. 89 / 2024
Working Paper No. 89 / 2024
North Africa has demonstrated steady regional economic growth and certain development potential, despite the various problems and challenges facing North African states. This Working Paper analyzes the financial and economic development dynamics of North African countries and examines in detail the prospects for developing cooperation between Russia and the countries of the region.
Financial and Economic Development Dynamics of North African...
... focuses on the political and economic engagement between Moscow and Beijing in Central Asia and Eurasia as the key region of their shared interest. The report contains data monitoring the evolution of bilateral ties in business and trade, banking and finance, transport and logistics, and humanitarian sectors. Recommendations for relevant ministries and agencies can be found within the analysis of the report.
Authors
From Russia:
Kirill Babaev, Dr. of Philological Sciences, Vladimir Danilov, Ph.D....
....
an unprecedented level of financial power
to disconnect individual banks from the global financial system, freeze foreign exchange reserves and deny borrowers access to international debt and equity financing.
Fifth
, the digitalization of global finance. The rise of financial technology (Fintech) is increasing tensions in international settlements rather than easing them. The digitalization of financial services makes it possible to scale up existing financial intermediation processes while simultaneously ...
... structure was advantageous for all participants, it primarily conferred significant benefits upon the US economy, with European economies bearing the cost. Studies by the Federal Reserve Bank reveal that the "exorbitant privilege", as French Finance Minister Valéry Giscard d'Estaing termed it, diverted capital flows to the United States instead of Europe, which otherwise would have boosted European GDP by about 20 percent during the 1950s and 1960s. [
3
] Consequently, Europeans largely ...
On May 23, 2024, the Russian International Affairs Council (RIAC) held a special session “Illegitimate Restrictions and Impact on International Situation: Opportunities for BRICS” as part of the BRICS Academic Forum “BRICS: New Figures at the Global Chessboard.”
On May 23, 2024, the Russian International Affairs Council (RIAC) held a special session “Illegitimate Restrictions and Impact on International Situation: Opportunities for BRICS” as part of the BRICS Academic Forum “BRICS: New Figures...
... financial transactions, both within the BRICS and with trading partners in third countries was emphasised. There was also support for strengthening correspondent banking relations between the BRICS countries for settlements in national currencies. The finance ministers and heads of central banks of the BRICS countries were instructed to work on this issue for the next summit; that is, they will have to report on the results within the framework of the Russian Chairmanship and the BRICS Summit in Kazan....
