Russia in Global Affairs

The Transatlantic Trade and Investment Partnership is by far the most ambitious project in the field of contractual formats of regional economic cooperation, combining traditional measures to liberalize mutual trade with regulatory rules of economic activity on the territories of member states. If successful, this project will influence on the development of both the world economy and its regulatory mechanisms.

The best strategy towards the TTP would be monitoring and assessing the applicability of its experience to integration projects involving Russia. After all, Russia was not ready to sign it anyway. Neither was China.

The possibilities of club monetary interaction mechanisms are very modest as they do not replace but supplement global mechanisms. Nevertheless, they deserve attention and support. Equally important is the fact that such mechanisms may have side effects, namely, general shifts in the structure of global economic governance.