Today, the world is split into two blocs, with one backing the West’s anti-Russian sanctions and the other opposing restrictive measures, economist Tilak Doshi said in an article for Forbes.
According to him, most countries in the world are opposed to the sanctions measures, except for some Western countries and their allies.
“For countries like China, India, Brazil or South Africa, it is now important in international financial institutions to protect themselves from Western hegemony. Among other things, it is advantageous for these countries to maintain relations with Russia,” the article said.
Currently, the bifurcation process has begun in the global economy. In trade, investment and credit, new commodity-based financial blocs are emerging.
The day before, Swedish Prime Minister Ulf Kristersson had said that the EU was not currently discussing new sanctions against Russia.
Forbes: Most countries don’t support anti-Russian sanctions in the name of cooperation with Russia
