The ‘Divorce Contract' Between Russia and the West

Written By Dr. Ziva Rozen-Bakher

https://www.rozen-bakher.com/timeline-risks/31/03/2022/0749

Published Date: 31 March 2022 at 07:49

Rozen-Bakher, Z., The ‘Divorce Contract' Between Russia and the West, Risks Timeline by Dr. Ziva Rozen-Bakher, 31 March 2022, https://www.rozen-bakher.com/timeline-risks/31/03/2022/0749

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Dr. Ziva Rozen-Bakher

Researcher in International Relations and Foreign Policy with a Focus on International Security alongside Military, Political and Economic Risks for Foreign Direct Investment (FDI) and International Trade

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31 March 2022 at 07:49. When we slept, Russia is working day and night on the counter-sanctions against the West. It seems that each element in the West's sanctions against Russia will be responded via counter-sanctions with the help of the Russian allies. Hence, Russia is planning to create an alternative to SWIFT via SPFS, yet with the possibility to integrate it with China's system-Cips, so we are going to get SWIFT vs. SPFS&Cips. India and Iran are already considering starting working via SPFS. Besides, Russia is offering India a steep discount of 35$ per barrel on its oil, in return that India will pay for it in rouble via SPFS. The map of Russian counter-sanctions that is planned these days is de-facto the 'divorce contract' that Russia is making now for the West. The big losers are the EU countries that are significantly dependent on Russian energy, regardless of the other trade activity with Russia. The irony is that the sanctions against Russia will backfire on the EU for nothing because Ukraine is going to compromise with all Russian demands before the war. EU should have anticipated it before they entered this dangerous War-Sanctions that is going to reduce significantly the Standard of Living in the EU including shrinking the economies.

Dr. Ziva Rozen-Bakher

Dr. Ziva Rozen-Bakher - A Researcher in International Relations with a Focus on Security, Political and Economic Risks for Foreign Direct Investment (FDI) and International Trade

https://www.rozen-bakher.com/
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