Russia in Global Affairs

The architects of the current global governance system have failed the world. Not only didn’t they redeem the sins of their ancestors, but we now have the leaders of the richest club in the world convening every year preaching to the rest of the planet about the rules-based order, while the rules are treated like tissues from a Kleenex box, usable at times but discarded when inconvenient.

Companies with a higher share of the Russian market in their revenue structure are less willing to leave the Russian market. Cooperation with state-owned (or state-affiliated) companies from countries that have not joined the sanctions and show a higher level of political loyalty to Russia’s foreign policy has the best prospects.

Japan’s more flexible approach to formulating the Indo-Pacific strategy allows it to use conceptual uncertainty in order to modify it, taking into account the reaction of other states.

The year 2018 was marked by escalation in trade tensions among the world’s largest economies, mostly via bilateral trade restrictions.

The U.S.-China relationship and the economic and security dynamics of the Indo-Pacific are riddled with contradictions that raise questions about both the Chinese and American policies. How this drama plays out will have no small impact on a global and regional system in transition looking out to 2025.

The implementation of the “Belt and Road” initiative became dependent on the pro et contra balance that is not conducive to cooperation for the time being. “Gains and prospects” are abstract, while “risks and threats,” on the contrary, are quite concrete and cannot be ignored.

Chinese geoeconomics is making a great leap forward to adjust to rapid technological developments and a changing international distribution of power. The world is entering a new industrial revolution that further decouples the relationship between capital and labour, which incentivises Beijing to abandon its reliance on low-wage competitiveness and instead take the lead in developing high-tech strategic industries with its digital Silk Road.

Since August 2017, legislation allowing the imposition of a range of new sanctions against Russia has been passed by US lawmakers. Although not all this legislation has thus far been implemented by the president, Donald Trump, the mere threat of more draconian economic sanctions from the US created considerable uncertainty in Russia.

The reasons for Russia’s turn to the East obviously lie in geopolitics?it was unable to establish a fruitful interaction with the West. China also failed to develop equal relations with Western countries. That is why many Russia’s decisions about the Far East were taken without proper calculations regarding the chances for economic development and investment attractiveness.