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Tag: western markets and financial structures

Opinion

Russia’s geopolitical pivot to Asia, a new India chapter

‘The core feature of today’s geopolitical manoeuvres is that they have both eastern and southern implications’ | Photo Credit: AFP In 2022, Moscow cut its economic ties with Europe and made a U-turn to the Asian countries. As a result of this move, the knot of neoliberal interdependence between Russia and Europe became undone, with costs to the global economy. The need for such a turn was repeatedly proclaimed since the financial crisis of 2007–08 but was ‘adjourned sine die’. For the Russian political leadership, the core motives remained well-established. The country’s economy was closely woven into western markets and financial structures and, therefore, remained susceptible to external shocks resulting from political and ideological confrontations. The core feature of today’s geopoliti...