Indeed, Russian fiscal and monetary policies have become a model of orthodoxy since 2015. /Ruchir Sharma, FT, 29 March 2021/
It was a wise and successful answer to all Western sanctions. The Russian model works, a crisis-scarred nation rightly prizes stability and policies aiming for import substitution which created a new SME sector.
Russia is really well-built to capitalize on a post-pandemic world where regionalism, local digital transition, AI, robotics and all other new technologies will play a major role in generating economic growth.
It is clear-cut that all Western sanctions have been accelerating the transition from an Atlantic Age to the Age of Eurasia.
Historically, all these were - most likely - an unintended side-effect of Western grand-strategies.
Governor Matolcsy, MNB, the Central Bank of Hungary
