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Russia in key international institutions in 2023

Author

Listed:
  • Alexander Ignatov

    (Gaidar Institute for Economic Policy)

  • Marina Larionova

    (Gaidar Institute for Economic Policy)

  • Irina Popova

    (Gaidar Institute for Economic Policy)

  • Andrey Sakharov

    (Gaidar Institute for Economic Policy)

  • Andrey Shelepov

    (RANEPA)

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.

Suggested Citation

  • Alexander Ignatov & Marina Larionova & Irina Popova & Andrey Sakharov & Andrey Shelepov, 2024. "Russia in key international institutions in 2023," Published Papers ppaper-2024-1338, Gaidar Institute for Economic Policy, revised 2024.
  • Handle: RePEc:gai:ppaper:ppaper-2024-1338
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    More about this item

    Keywords

    Russian economy; international organizations; international institutional arrangements;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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