‘Can’t Buy Me Love’ Will the global economic downturn help Russia consolidate its influence in post-Soviet Eurasia?

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Series Title
Series Details No.38, September 2009
Publication Date 04/09/2009
ISBN 978-951-769-232-8
ISSN 1795-8059
Content Type


As the Kremlin believes that the global economic downturn is increasing the trend towards greater regionalism, the strategic conclusion is to strengthen Russia’s position as the centre of its 'own region' – post-Soviet Eurasia.

In order to enhance its geopolitical posture in the ex-Soviet area, Russia has been pursuing a twotrack policy: it is buying up assets from, and giving out loans to, its distressed neighbours on a massive scale.

Several forces appear to be working at cross-purposes with the Kremlin’s ambitions: the state of Russia’s own economic system; the wiliness and cunning maneuvering of Moscow’s 'allies'; and the growing competition on the part of the other centres of power – the European Union and China.

Ultimately, the Kremlin’s desperate efforts to turn Russia into a geopolitical leader of the Commonwealth of Independent States (CIS) are likely to be frustrated by Russia’s lack of a coherent long-term strategy and by its socio-political system’s dearth of appeal.

Source Link https://www.fiia.fi/en/publication/cant-buy-me-love
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