Fyodor Lukyanov: Russia’s role in the global economic order has turned out to be more significant than the West believed ...News

Western sanctions against Russia are speeding up the end of globalization as we’ve known it. A new economic order awaits. After weeks of intensive negotiations, the European Union has agreed on a sixth package of sanctions against Moscow. Its main element is the cessation, by the end of this year, of oil imports from Russia delivered to the bloc’s market by sea.  According to President of the European Commission Ursula von der Leyen, this will reduce Russian supplies to the EU by 90%, with the remaining 10% lined up for the chop in the future.  The percentage share is a debatable issue, but the assessment of the h

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