Russia in key international institutions in 2023

Alexander Ignatov, Marina Larionova, Irina Popova, Andrey Sakharov and Andrey Shelepov
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Alexander Ignatov: Gaidar Institute for Economic Policy
Marina Larionova: Gaidar Institute for Economic Policy
Irina Popova: Gaidar Institute for Economic Policy
Andrey Sakharov: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: In 2023, the main trends in the system of international institutions were related with the US and its allies’ continued efforts to form new rights and institutes, as well as the mounting pressure on other countries to condemn and isolate Russia in the existing multilateral mechanisms. Overall, it can be stated that isolation of Russia has failed, though in the Bank for International Settlements’ committees which are entirely controlled by western countries they succeeded in suspending Russia’s participation.2 Developing and emerging market countries demonstrated greater resistance to pressure, their independence and weight. However, global institutions turned out to be unable to function fully as a result of adversarial positions between their member-countries. At the same time, the importance of non-western institutions, such as the BRICS and the Shanghai Cooperation Organization increased.

Keywords: Russian economy; international organizations; international institutional arrangements (search for similar items in EconPapers)
JEL-codes: F5 F53 F55 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2024, Revised 2024
New Economics Papers: this item is included in nep-cis and nep-int
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