In a move that marks a significant development in the ongoing sanctions battle with Western nations, the Russian government has officially released a list of over 30 "friendly" and neutral countries, along with banks and brokers, that will be granted special privileges in trading on Russian financial markets. This decision comes as tensions persist between Russia and the West, and it signals Moscow's intent to diversify its global economic partnerships.
The list, approved by the Russian government and signed into effect by Prime Minister Mikhail Mishustin, is now available on the official government website. It encompasses a wide spectrum of nations, including both historical allies and countries with a neutral stance toward Russia. Notably, it also includes nations that have facilitated Russia's access to sanctioned goods on international markets, acting as intermediaries.
Among the countries on the list are former Soviet republics such as Azerbaijan, Armenia, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. These nations have historically maintained close economic ties with Russia, remaining in Moscow's sphere of influence.
African nations are also prominently featured, including Algeria, Morocco, and South Africa. The Kremlin has been working to strengthen its relations with these African nations, capitalizing on the legacy of Soviet cooperation and Russia's lack of a colonial past. African countries have increasingly turned to Moscow for resources like metals, minerals, grains, oil, nuclear technology, and arms. The success of these diplomatic efforts is evident in the growing attendance at events like the Russia-Africa summits, despite efforts by Western powers to dissuade participation.
Russia's influence has expanded beyond Africa into Asia, South America, and the Middle East, driven in part by its BRICS+ project. This expansion has allowed Moscow to tighten its relations with other major oil-producing nations, further consolidating its global presence. Notably, prominent BRICS members, India and China, are also included on the list, reflecting their involvement in the BRICS+ alliance.
Russia's list of friendly and neutral countries includes:
This development is expected to have significant implications for international trade and finance, as the listed countries will have preferential access to Russian financial markets, further diversifying their economic portfolios in a time of heightened global tensions. As the sanctions war continues to unfold, Russia's diplomatic and economic maneuvers are likely to play a crucial role in shaping the global economic landscape.
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