The End of Laissez-Faire: Russia’s Attempt at Reshaping the World Economy
BY RAMZY BAROUD
Starting on May 31, Russian Foreign Minister Sergei Lavrov embarked on
a tour to Gulf Cooperation Council countries, where he visited Bahrain, Saudi
Arabia, United Arab Emirates, among others. Lavrov’s main objective of these
visits is to strengthen ties between Russia and GCC nations amid a global race
for geopolitical dominance.
The Middle East, especially the Gulf region, is vital for the current global
economic order and is equally critical for any future reshaping of that order.
If Moscow is to succeed in redefining the role of Arab economies vis-a-vis
the global economy, it would most likely succeed in ensuring that a multipolar
economic world takes form.
