Glazyev: Western sanctions stimulate Russia and Belarus to reorient towards Asia
Western sanctions encourage Russia and Belarus to reorient towards Asia – as stated by Sergei Glazyev, a member of the Board (Minister) for Integration and Macroeconomics of the Eurasian Economic Commission, during his talk with Belarus 1 TV channel, BelTA reports
“The events of sanctions pressure and hybrid war, which have fallen on Russia and Belarus from the West, are pushing us towards Asia. Here we see new opportunities for development,” noted Mr. Glazyev. “These processes are only accelerating a transition that would have happened anyway, because the centre of the world economy has already shifted to Southeast Asia. China and India account for over half of world product growth, manufacturing together more than America and Europe.”
According to him, the sanctions which disrupted trade with Western countries, are easily overcome due to the manoeuvre in Asia. “Today, Asia is already more than half of our market. Despite all the harsh conditions, the trade with China is expanding while we are also building free trade relations with India. I believe that in two or three years, we will completely change the picture of trade flows. We will become more sustainable, dynamic and will be developing successfully if we manage to create the same growth mechanisms that operate in China and India,” said the EEC Minister.