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
