Russia in Global Affairs

Possible US sanctions against participants, investors, creditors, suppliers of goods or services for Russian export projects - that is, against a wide range of the European energy, technological, industrial, engineering, logistics and service companies and financial institutions - form a new tectonic rift between Brussels and Washington.

The Turkish Air Force’s attack on a Russian aircraft flying over Syria has jeopardized development prospects for Russia-Turkey cooperation in the gas sector.

The Chinese contract is a new source of export revenue for Gazprom and customs revenue to the Russian budget, which reduces Russia’s financial dependence on gas sales to European countries.

Russia failed to choose the correct tone that would facilitate building a steady system of mutually beneficial barter relations (energy resources for technologies and access to mineral wealth for access to markets). This is due in no small degree to major changes in the global situation that occurred after Putin’s election as president.