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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
"We perceive India as a great power, a friendly nation and a time-tested friend. The relations between our countries are growing and I am looking into the future," Russian President Putin during his visit to India, December 6, 2021. As the US/NATO, its allies and partners continue to respond to Russia’s brutality in Ukraine with escalating economic sanctions and more businesses withdraw or cease operations with Russia, the Kremlin is pursuing an aggressive policy to find pathways to circumvent the economic sanctions. In the short term the goal is to keep Russia economically afloat. Ultimately, in the longer term the goal is to create an alternative world order not dependent on the primacy of the US and the dollar.
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