Russian sanctions: the view from the car market — Philip Pilkington

In the 1990s, the West used to see its economic influence in countries like Russia as a victory and a show of Western power. This was always the correct view. Now our leaders see the exclusion of Western products from foreign markets as a victory. This is such a muddled view it is almost comical. It is the sort of view that shows how ill-prepared our leadership class are for navigating the new multipolar world....

Import substitution domestically and internationally importing from friendly countries, like China. India will also want to be in the market. Inadvertently, sanctions are contributed to realignment and multipolarism as the West loses markets and influence.

Macrocosm
Russian sanctions: the view from the car market

Philip Pilkington