Template-Type: ReDIF-Paper 1.0
Author-Name: Alexander Ignatov
Author-Name-First: Alexander
Author-Name-Last: Ignatov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Marina Larionova
Author-Name-First: Marina
Author-Name-Last: Larionova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Irina Popova
Author-Name-First: Irina
Author-Name-Last: Popova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Andrey Sakharov
Author-Name-First: Andrey
Author-Name-Last: Sakharov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Andrey Shelepov
Author-Name-First: Andrey
Author-Name-Last: Shelepov
Author-Workplace-Name: RANEPA
Title: Russia in key international institutions in 2023
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.
Classification-JEL: F5, F53, F55
Keywords: Russian economy, international organizations, international institutional arrangements
Creation-Date: 2024
Revision-Date: 2024
Length: 26 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1338.pdf
File-Format: application/pdf
File-Function: Revised Version, 2024
Handle: RePEc:gai:ppaper:ppaper-2024-1338