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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies
If Russia successfully resists the unprecedented pressure from the West and remains one of the main poles in the emerging multipolar world, its interests lie in balancing Turkish influence in its neighborhood, including the South Caucasus. It does not imply that Russia and Turkey will stop their economic cooperation. It simply means that Russia will seek to prevent Turkish dominance over the South Caucasus.
The Russian “special military operation” in Ukraine launched on February 24, 2022, has shaken global geopolitics and geoeconomics. It completely ruined Russia – West relations and resulted in unprecedented sanctions on Russia, including cutting several Russian banks from the SWIFT financial messaging system, dubbed by economists as a "financial nuclear option". NATO member countries, including the US, UK, Germany, and several east European states, supply Ukraine with various lethal weapons while rejecting Ukraine's plea for imposing a no-fly zone, as the Russian President indicated that the Kremlin would perceive that move as a declaration of war. READ MORE
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