Valdai Discussion Club

The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was stated that the BRICS Payment Task Force (BPTF) needs to prepare a report on payment mechanisms, including those based on cross-border payment systems. The…

The world has lost its understanding of the balance of power that is obvious to everyone, which makes international relations more complex. A large number of emerging crises are caused by the fact that “small” and “medium-sized” countries have begun to experiment: they see an opportunity for themselves to test the system of international relations and understand how much their freedom of action has expanded. “Older” countries, feeling that the…

Discrepancies between expectations and practice are one of the most noticeable characteristics of modern world politics, both in the performance of leading powers and in the activities of the international institutions they create. The origin of this phenomenon is the fact that the first is a product of subjective ideas or intentions, while the second is the result of objective factors, which even the strongest political will cannot cancel. Moreover,…

For the 2024 World Youth Festival in Sochi, a group of young experts under the auspices of the Valdai Discussion Club prepared a report titled “Charting the 2040: Younger Generation Insight on the World in the Making”. This report left a very favourable impression; it is thought-provoking and represents a very interesting model for the future development of the world. We have previously responded to the part of it dealing…

Amid the second anniversary of the start of the Special Military Operation (SVO) in Ukraine, a number of Western countries and associations launched a new set of sanctions against Russia, as expected. In quantitative terms, the number of Russian companies and citizens subject to restrictive measures was indeed high. However, the latest wave of sanctions does not bring qualitative changes - their impact on the Russian economy and its relations…

The Valdai Club youth conference on March 5 consisted of three thematic sessions and an open discussion. As during the closed-door workshops held on March 3–4, which you can read about here, the participants in the open session were guided by the image of the future presented in the new Valdai Club report “Charting the 2040: Younger Generation Insight on the World in the Making.” But if in previous days…

Neither Washington nor Beijing are ready for sharp escalation at the moment. The Americans are looking forward to the presidential election in 2024, and China continues to experience economic problems. Nevertheless, the desire of the United States to prove its readiness to support Taiwan continues to increase the level of hard tension in this part of the planet, where, as it seemed earlier, a relatively stable status quo had developed, writes Roman Romanov. US President Joe Biden signed an executive order to launch the first phase of the…

The banking and financial relations between Iran and Russia have developed significantly in recent years under the influence of several factors, which is unprecedented in the history of relations between the two countries, Vali Kaleji writes.  In his article, Dr. Vali Kaleji, a Tehran-based expert on Central Asia and Caucasian Studies, postulates that banking and financial relations between Iran and Russia have developed significantly in recent years, which is unprecedented…

The 20th Annual Meeting of the Valdai Discussion Club, titled “Fair Multipolarity: How to Ensure Security and Development for All” will be held in Sochi on October 2–5, 2023. The meeting will be attended by more than 130 experts, politicians and diplomats from 43 countries throughout Eurasia, Africa, North and South America. Traditionally, at the Annual Valdai Meeting, the majority of guests are foreign participants. In recent years, the reports of…