Politics
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Russia has a new strategy to deal with US sanctions. According to Veronika Nikishina, trade minister of the Eurasian Economic Commission, Russia is suggesting a joint counter-sanction pact among members of the Eurasian Economic Union: Kazakhstan, Kyrgyzstan, Belarus and Armenia. If any one of the members were to be sanctioned, the rest would have to issue counter-sanctions in response. However, Armenia and Kyrgyzstan are both firmly in the lower third of all global economies, according to IMF figures, while Belarus is a stagnant pariah state. If enacted, the sanctions pact would be one of the first major foreign-policy moves by Armenian prime minister Nikol Pashinyan, following his election in the spring revolution. But rather than empower Armenia, the move would likely only make it more beholden to Russia.