Source: Foundation for Economic Education
by Jake Scott
“As the eyes of the world watch negotiations over Kiev’s future, and the ‘special military operation’ that was intended to last ten days nears the end of its fourth year, Russia is carefully deepening its economic ties outside of the West’s sphere of influence. In this sense, the deal signed between the Russian-led Eurasian Economic Union (EAEU) and Indonesia — Southeast Asia’s largest economy, and the world’s 17th largest ($1.4 trillion) — on December 22nd is emblematic of an ongoing structural realignment pursued by Russia in the last year. …. an attempt by Russia to turn away permanently from Europe and the West as its main trading partners.” (01/09/26)