Towards Multipolarity

The overuse of sanctions and especially its use against Russia since 2014 has led to a self-reliant Russian economy that is eighty per cent self-sufficient in consumer goods

Further tightening

President Biden’s plan envisages a ban on US investment in Russia beyond the energy sector. Furthermore, G7 will block Russia's access to funds from the International Monetary Fund and the World Bank. “But these are not the last steps we are taking,” he warned. The economic blight is bound to hit Russia hard.

Brace for a crash of civilisations

Today, Stalin’s successor Vladimir Putin is to the West both the devil incarnate and Hitler reincarnate. To the angst of political analysts, Putin’s intentions remain (to quote Churchill) “a riddle, wrapped in a mystery, inside an enigma”.

On Iran’s terms’

To ensure effective implementation of their demands, the legislators called for an unspecified “verification” process, after which Iran would act to scale back its nuclear advances to come into full compliance with the terms of the JCPOA again. After waiting for a year following the US exit, Iran started gradually boosting its nuclear capabilities in 2019.

Easing of sanctions

In the aftermath of the militant outfit’s takeover of the country in August, the Biden administration froze $9.5 billion of Afghanistan’s foreign reserves, stopped sending shipments of dollars to the embattled country’s central bank, and even exerted pressure on the IMF to delay plans to transmit emergency reserve funds to the country.