Sanctions? What Sanctions? Russia Charts New Economic Path
Western sanctions against Russia over the Ukraine conflict have become the ultimate 'didn’t read the room' moment. While intended to isolate Moscow, reports suggest Russia’s economy is adapting like a TikTok trend — fast and with global reach. 🌍
East Meets Ruble
Over 75% of Russia’s trade now flows through 'friendly countries,' according to President Vladimir Putin. From energy deals to tech partnerships, Moscow’s pivot to Asia and the Global South is reshaping supply chains faster than you can say 'BRICS expansion.'
The St. Petersburg Surprise
This year’s St. Petersburg International Economic Forum (SPIEF) — Russia’s answer to Davos — saw Western leaders replaced by a who’s who of Eastern economic players. Pro tip: When SPIEF trends, watch for ruble-backed trade agreements. 💸
- 380+ Western companies still operate in Russia
- EU members quietly buying Russian energy (via third countries)
- New markets in Africa and Southeast Asia heating up
What’s Next?
While Moscow insists it’s not abandoning Western ties completely, its economic GPS is clearly set to 'Eastern Coordinates.' The big question: Can samurai bonds and yuan trade volumes replace the eurozone? Stay tuned. 📈
Reference(s):
cgtn.com