Who Needs Europe or the US?
A thought-provoking piece from Pyotr Vlasov, originally published in Gazeta, and conveniently translated by Worldmeets.us:
But even if the inconceivable happens – and it’s hard to imagine the West ripping the shirt from its chest and suddenly demolishing all trade ties with Moscow, no economic apocalypse will occur.
There will be no repetition of the shortages and decline of the late 1980s. China, Japan, Korea, and India, in principle, produce the range of goods that we currently obtain from the West, and they are more than ready to buy raw materials. What’s more, the Russian economy is a far cry from the dull system of planning and distribution that existed at the sunset of the Soviet Union. Moreover, a certain degree of isolation from imports that easy oil money has attached us to would rather be to our advantage.
I think I would translate “attached” to “accustomed” in that last sentence.
Keep in mind all of those abstentions in the UN General Assembly vote censuring Russia for its annexation of Crimea. We ain’t the only game in town.