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.”
A political counter-revolution against the European Union is underway. Brexit is likely to be seen in hindsight as just the first of many tremors leading up to a larger political earthquake that will be felt all over the European continent.
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.
The migration corridor that has formed between the countries of Central Asia and Russia is one of the largest and most stable in Eurasia and the world.
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.
The ongoing military conflict between Russia and Ukraine is a stark reminder that shifts in political tone and military tactics do not necessarily correlate with each other or represent substantive shifts in a state’s foreign policy goals.
What are the prospects for Russian-North Korean relations today?