Alexei Portansky is a professor at the School of World Economics and World Politics at the National Research University–Higher School of Economics; senior researcher at the Institute of World Economy and International Relations, Russian Academy of Sciences.
The mega-regional trade agreements do not mean undermining the WTO, as some believe—there are no serious players in the world that would have such plans. The problem’s solution lies in gradual harmonization of the multilateral (WTO) format and regional/preferential and mega-regional (TPP and TTIP) formats.
Creating substituting production capacities, operating a semi-isolated financial system, spending resources to overcome trade barriers and looking for new markets will require enormous and unjustified expenditures, which will inevitably affect the competitiveness of Russia’s national economy and lead to the impoverishment of the population.
If Russia is to embark on the path of profound economic modernization in full seriousness, then there has to be a strategy of using WTO membership as the basis for modernization. It is crucial to determine the nature of our actions within the WTO for the long term.
Many Russians today, as they try to assess the role and place of their country in the international community, often proceed not from the global realities of the 21st century, but rather from nostalgia for that “once-mighty power, the Soviet Union,” a country “everyone feared and respected.”
The talks between Erdogan and Putin herald a new era in Russian-Turkish relations, as Turks now see Russia as a true friend and admire Russia’s motion to support the Turkish President in the midst of a coup, Valdai Club expert Huseyin Bagci believes.
As yet another attack claims a shocking toll in innocent lives in France, political analyst Fyodor Lukyanov writes how terrorist acts and the helplessness of secret services are changing Europe before our very eyes
At present, five problem areas can be singled out in the EU. These are crises of: internal political leadership and solidarity; the stability of a single currency and economic growth; normative leadership; immigration and the terrorist threat; and finally, legitimacy.
This article reviews key dynamics in the Middle Eastern oil and gas to explain how they shape the global energy picture. The author makes sense of the Saudi-Iran relations and the role OPEC is set to play in the emerging energy landscape. Finally, political developments in the broader region, including Turkey, are discussed.
What are the prospects for Russian-North Korean relations today?
With the latest protracted nosedive in U.S.-Russia relations, when areas of cooperation have continued to shrink, it is beneficial to reflect on historically constructive joint endeavors, such as the cooperation between the two countries’ nuclear weapon laboratories (“lab-to-lab cooperation”).