US and European sanctions against Russia are designed to “punish” its actions in Crimea. However, instead of forcing Russia into economic and political submission, the sanctions will spur the country to greater political and economic independence.
Since the end of the Soviet Union, Russia’s economic progress and development has been directly dependent on political and economic institutions dominated by the West. From Russia’s integration into the World Trade Organization, to Russian dependence on Western banking and finance, Moscow has come to rely on precisely those institutions now being used against it. Naturally, any Russian countermeasures against the sanctions will aim to disentangle it from this US-, Anglo- and Euro-centric architecture, forcing Moscow to look elsewhere for its economic future. This need to find alternative modes of development and prosperity will contribute greatly toward the continuing shift to a multi-polar world. (Read entire article)
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