Russia Looks to Eurasia in 2021

  • Russia does not have specific policy formats when it comes to the member nations within the European Union.
  • There are zero multilateral agreements between Russia and the Western European nations.
  • Russia will continue furthering its own strategy.

Russia continues to strengthen its partnerships with Eurasian nations. The main organizations are the Eurasian Economic Union and the Shanghai Cooperation Organization. The actual “Eurasian” direction of development is mainly manifested in the framework of the integration of the associations and international organizations in which Russia operates.

The Eurasian Economic Union (EAEU) is an economic union of states located in central and northern Asia and Eastern Europe. The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.

By contrast, Russia does not have specific policy formats when it comes to the member nations within the European Union. According to the many EU nations and the United Kingdom, Russia is a threat. These statements continuously are being made in regards to Russia.

In addition, as of late, Alexei Navalny continues to be the favorite Russian dissident figure. He makes grand statements, including the constant demands for additional sanctions against Russia.

But how can he be for the people of Russia, when the sanctions end up hurting the people, in turn triggering the increase in prices for groceries? Also, if Russia is disconnected from the SWIFT payment system, it will have negative ramifications for the vacation travelers from Russia in the future.

Moreover, it seems France is displaying its bitterness daily. France, in fact, is compensating for the long-standing inferiority complex associated with the several failed attempts to create the European project under Napoleon. In the last 100 years, France has not achieved any greatness.

Nevertheless, there are zero multilateral agreements between Russia and the Western European nations. Additionally, the US is pushing for the cancellation of the Nord Stream 2 project in favor of the bankrupt and corrupt Ukraine. However, the loss of Nord Stream 2 would adversely impact the German economy.

Nord Stream is a system of offshore natural gas pipelines from Russia to Germany. It includes two lines running from Vyborg to Greifswald forming original Nord Stream (Nord Stream 1), and two lines running from Ust-Luga to Greifswald termed Nord Stream 2.

At present, the EU is experiencing turmoil. The coronavirus pandemic had a negative impact on the EU economies and there is a disconnect between certain nations. Therefore, the EU is not in position to dictate terms to Russia. In fact, Poland and Hungary were successful to sway the EU budget in their favor.

Finally, Central Asia is one of the regions in which the interests of many serious players are currently intertwined. The EU nations and Turkey are interested in dictating policy. Recently, Turkey had a set back due to US sanctions that were issued, due to purchase of the defense equipment from Russia.

There is a question about Kazakhstan, which remains unresolved. The Kremlin has not been aggressive pertaining to Kazakhstan. It is under a status quo scenario.

Russia will continue furthering its own strategy. The question is asked, what will newly-elected US President Joe Biden do? His policy is not exactly clear. He has a lot on his plate, including the Iran situation and domestic issues.

Ukraine will surely come up again, looking for a new handout. Venezuela will  come up in the discussions in 2021 as well. The tensions between Russia and the West will continue.

[bsa_pro_ad_space id=4]

Christina Kitova

I spent most of my professional life in finance, insurance risk management litigation.

Leave a Reply