**Russia Seeks to Reassert Global Trade Position**
Russian officials are worried that Western sanctions are hurting Russia’s influence over countries in its neighborhood and the Global South. This is according to a leaked government report, as reported by the Financial Times on February 10.
**Moscow’s Response**
Moscow wants to restore its position and access to global trade. It plans to do this by creating a Eurasian trade bloc that will rival the economic influence of the US, EU, and China. This initiative aims to connect Russia with the Global South through shared access to raw materials, financial and transportation links.
**Challenges Ahead**
The report highlights significant obstacles. Western pressure has hindered Moscow’s efforts to integrate nations in its neighborhood. Central Asian countries have sought to align with global markets that bypass Russia. Additionally, Western governments have used a combination of threats and incentives to ensure compliance with sanctions.
**Russia’s Allies**
Some of Russia’s allies have taken advantage of the situation by pushing Russian businesses out of their jurisdictions. This has led to trade flows being controlled and additional commissions being demanded to offset the risks of sanctions violations. Belarus is cited as a success story for Moscow, while Kazakhstan has distanced itself from Russia.
**Impact of Sanctions**
Since Russia’s full-scale invasion of Ukraine, the EU has adopted 15 sanction packages targeting Moscow’s economy. The US, UK, and Switzerland have also imposed similar measures to curb Russia’s ability to sustain its war effort.
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