Will the China – United States military and political confrontation develop is the key question for the next five years. Because we can see that the US economy and the Chinese economy are the twin pillars of the global economy. For us, the Chinese market, Asian markets, are extremely important — Fedor Voytolovskiy, Director, Primakov National Research Institute of World Economy and International Relations of the Russian Academy of Sciences (IMEMO).
We have assumed from the outset that our partners are not waiting for us, so we chose Asia, Africa and Middle East as our key markets, they three main regions, and the EAEC countries, so the effects of sanctions and restrictions have not forced any sudden changes in strategy or tactics. These correctly determined priorities have enabled us to maintain our course even in these difficult conditions. As of the end of August, we have increased exports by 15% over the same period last year, which very few sectors of the economy are capable of doing — Sergey Levin, Deputy Minister of Agriculture of the Russian Federation.
Our partners are BRICS, our partners are SCO, and we Russians need to understand that in a year, in a month or even in 10 years, the situation where we find ourselves, which the previous speakers have described so well, will not change. We will live and work in a harsh environment, but we have plenty of examples of how we can find unorthodox solutions in this situation and achieve excellent results. I think we can do it — Vladimir Salamatov, General Director, Research Center "International Trade and Integration"; Chairman of the Committee on Trade and Economic Relations with Trading Partner Countries, EAEU Business Council.
The trend on the Asian market is different: here, it is easier, relatively easier. The pandemic is over. The leading Asian countries do not have any radical green transition policies. Although there were fairly serious restrictions in China and other Asian-Pacific region countries, and here there is some hope to see the foundations for the recovery of the global economy and growth — Fedor Voytolovskiy, Director, Primakov National Research Institute of World Economy and International Relations of the Russian Academy of Sciences (IMEMO).
We should probably not simply look for partners, but create free economic zones with foreign companies, so that we can to a certain degree overcome the sanctions, including secondary sanctions. That is there should be a conversation about substantially rethinking the industrial action we should take to maintain a high technological level in this sector — Vladimir Salamatov, General Director, Research Center "International Trade and Integration"; Chairman of the Committee on Trade and Economic Relations with Trading Partner Countries, EAEU Business Council.
I see that there are also prospects for developing mutual and tourist exchanges from our side, maybe also transport and logistics. I can see this is promising and our government will agree. Trade and partnership with our companies will expand in the near future: the rate of growth of trade between Russia and Mongolia allows us to set a target of trade reaching USD 5 billion in 2026. USD 2 billion is a big target now, and we will play the key role, just Russia and Mongolia. It is important to work on balancing bilateral trade, resolving issues relating to free trade — Battogtokh Javzandolgor, Chief Executive Officer, MGIMO Alumni Association in Mongolia.