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Home Issue Briefs

The Russian Economy: Leveraging EAEU and BRICS Post – Ukraine

Anusua GangulybyAnusua Ganguly
August 26, 2025
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Abstract

Three years into the Russia-Ukraine war, as Moscow faces heightened Western sanctions and mounting economic strain, its relations with the Global South partners have strengthened. Despite significant increase in military expenditure, growing inflation and pivot away from Western markets, the Kremlin has managed to maintain its economic resilience. In doing so, groupings such as the Eurasian Economic Union (EAEU) and BRICS have been vital economic lifelines. This paper analyses Russia’s strategic engagement with EAEU and BRICS nations, to secure alternative markets and reduce dependence on the West. Additionally, through expanding ties with India, China and regional allies, Russia seeks not only economic survival but also a redefined position in an emerging multipolar world order.


Keywords: Russian Economy, Military Expenditure, Eurasian Economic Union, BRICS, Sanctions

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Tags: BRICSEurasian Economic UnionMilitary ExpenditureRussiaRussian EconomySanctionsUS, EU & Russia
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Anusua Ganguly

Anusua Ganguly

Anusua Ganguly is a Research Assistant at the Centre for Land Warfare Studies (CLAWS), where her work focuses on Russia and Central Asia. She holds a Master’s degree in Conflict Analysis and Peace Building, and her research interests include non-traditional security threats, the role of media in conflict, and the intersection of gender with conflict and peacebuilding. You can reach out to her at [email protected].

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The Russian Economy: Leveraging EAEU and BRICS Post – Ukraine

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August 26, 2025
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