... There is no need to chase impressive trade turnover figures, which do not always reflect the real dynamics of mutual trade. A much more pragmatic and rewarding approach is to strengthen Russia’s targeted presence in specific sectors of the Indonesian economy. This requires a systematic effort so that Moscow could secure certain niches for the long term, independent of the sanctions situation. There are several trade areas where Russia is already a strategically important player for Jakarta or has the potential to play a more significant role. Given the trade surplus (73% in favor of Russia) and Moscow’s interests, the ...
... pressure from the US on India and Indian companies to increase barriers and costs for trade with Russia
One of the goals of large-scale sanctions against Russia after the start of the special military operation (SMO) was the isolation of the Russian economy in terms of trade and financing. The task was partly accomplished: the sanctions significantly undermined domestic trade with Western countries. The export of dual-use goods, hundreds of industrial items and various "luxury goods" to Russia is prohibited. Key components of Western imports from Russia were also ...
... defence realignments. [
24
]
In contrast, the economic impact of Western sanctions on Germany is significant, with multiple studies highlighting varying degrees of GDP loss. Prior to 2022, the Ifo Institute for Economic Research estimated that current sanctions cost the German economy 0.16 percent of GDP annually. [
25
] Following the imposition of broader EU sanctions after February 2022, the FIW projected a further loss of 0.3 percent of GDP. In March 2022, researchers at the Kiel Institute for the World Economy assessed ...
The process of lifting sanctions will be slow, and the legal mechanisms of unilateral US sanctions against Syria may remain in force for years and decades, despite political changes
The change of power in Syria raises the question of possible changes to the US sanctions regime ...
... effect is vanishingly small. At the same time, the current level of sanctions allows Washington to solve its political problems in a very limited way. In the foreseeable future, the pressure of US sanctions on China will increase. But a rapid increase in sanctions is unlikely. China’s economy is too large. Carpet bombing it with sanctions will cause significant damage to the US itself. The pendulum of relations between the two countries has swung from cooperation to rivalry. However, the safety margin created by China now plays into ...
... approaching twenty thousand. There are no reasons to expect most of these sanctions to be lifted or significantly softened even if there is a cease-fire with Ukraine.
Three types of sanctions are particularly important in terms of their impact on Russia’s economy. First, sanctions against Russia’s financial sector. Already in 2022, they froze Russian state financial assets that had been deposited in the West (about USD 300 billion). The odds are that the Kremlin will never get this money back. In addition, Western banks,...
... relations even during the presidency of Barack Obama. In 2015, the US President signed Executive Order 13694, which implied targeted sanctions against those who carry out malicious actions in the digital space. Although China was not mentioned by name in the ... ... such as the Belt and Road project, are a means of economic expansion for the Celestial Empire that must be contained. China's economy itself is unfair because it ignores market values and develops at the expense of others, including the United States. ...
... to expect the rapid emergence of a “BRICS currency,” including due to technical reasons. In any case, the search for ways to diversify settlements is underway. Russia naturally finds itself at the forefront of this search, given the size of its economy and the scale of sanctions applied against the country.
Gleb Makarevich:
Inventing Eurasia: How Russian Proposals for a Collective Security System Harmonize with South Asian Realities
The same applies to the creation of new technological chains, our own production facilities,...
... 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 ...
... rose sharply a few years ago on the back of aggressive rhetoric by U.S. leaders, is dwindling.
Blessed Are the Peacemakers
On the one hand, India is benefiting from the conflict in Ukraine: never before has so much oil been injected into the Indian economy at such a low price. Moreover, Russian entrepreneurs, seeking to evade Western sanctions, are beginning to explore the Indian market, lugging knowledge, money and technology with them. The downsides, however, outweigh the upsides: entering the Russian market now is risky, transactions are difficult, and the need for constant political ...
