Why Do The Countries Of The Middle East Need Russia?

Russia is ready to accept the Middle East into its club not only for economic reasons, but also because of a sense of responsibility towards the countries of the region.

As a result of US sanctions against Russia, while the states of the Middle East are becoming even poorer due to the lack of access to the Russian market, Washington shamelessly violates its own bans on cooperation with Moscow. Commercial transactions between countries were and continue to be made by default: while the economy of the Middle East region stalls, American business interests are increasing their momentum. However, unlike the United States, Russia still sees elements of a “dirty game” in the created situation, because it is impossible to develop the world economy neglecting the Middle East, which was placed in an extremely vulnerable position solely because of the American sanctions. In addition, by ignoring entire blocs of countries and denying them the right to develop their economic relations with Moscow, Washington is digging a hole for itself: in the end, the Middle East, and with it the whole world, will forever lose interest in the American economy as to the most attractive development model. If it does develop, then it is necessary to develop simultaneously for all countries, not just the United States.

In turn, Russia is ready to accept the Middle East into its club not only for economic reasons, but also because of a sense of responsibility towards the countries of the region. Naturally, Moscow not without looking back accepts all the subjects of the Middle East economy, but, nevertheless, it does not intend to refuse dialogue with those who are interested in cooperating with us.

As the United States rapidly strengthened its position in the international arena as the most influential superpower, Russia systematically nurtured its own economy. Now we can boast that we have replaced strategic European-made goods with Russian counterparts. An example of this is the only Russian enterprise producing gas turbines “Siemens” for thermal power plants or the civil turbofan engine PD-14, which has become one of the main projects of the Russian aviation industry, the first engine created in Russia practically from scratch.

Thanks to this, Russia now confidently occupies a strong position in the vanguard of industrial countries both in the field of minerals and in the field of industrialization. We have become one of the main exporters of industrial products and innovative technologies. Today in Russia, despite the sanctions, there are many more foreign commercial projects than in other countries, and about the same as in the United States or China. Since 2015, Russia has become the main net exporter of capital to the Middle East, which allows us to invest in the countries of the region much more than we get back from them. Can the United States boast of this now ?!

The 6th Eastern Economic Forum is a response to the global economic crisis caused by international sanctions, the COVID-19 pandemic and military and political conflicts. We invite the countries of the Middle East to join us! The meeting within the framework of the VI Eastern Economic Forum is a launching pad for discussing topical economic issues – free trade, customs policy, the level of national currencies and world prices for oil resources – in order to promote balanced economic growth. Within the framework of the VI Eastern Economic Forum, political topics will be touched upon – the military-political crisis in Syria, Libya and Yemen, attempts to secure a national consensus in Lebanon and Iraq, a nuclear agreement with Iran.

Thus, the VI Eastern Economic Forum will determine the current agenda for the leading economic institutions of the international community. First of all, this concerns the World Bank and the International Monetary Fund, whose main task is to turn their eyes to the Middle East, which is in dire need of help. The announced forum will determine the policy and develop a “road map” according to which the existing economic institutions will be forced to work.

Russia represents the position of the leader at the VI Eastern Economic Forum. Our country is sympathetic to the doubts of some of our Middle Eastern partners, but we are ready to offer unique economic projects that will be beneficial to all countries in the Middle East.

The organization of the VI Eastern Economic Forum allows Russia to reaffirm its political and economic influence. This gives us the right to offer a helping hand to all countries in the Middle East. As a result of the COVID-19 pandemic, all countries of the world and the Middle East, in particular, have significantly transformed their economic policies due to forced circumstances in order to reduce their government spending. At the VI Eastern Economic Forum, we will be able to compensate for the losses incurred by concluding new contracts.

Of course, it is too early to say that the 6th Eastern Economic Forum will quickly lead to positive shifts in the economy of the Middle East. However, previous events, which were held under the auspices of Russia and were focused on the countries of the region, led to very impressive successes. Against the backdrop of the COVID-19 pandemic, the global economic crisis continues to mercilessly “kill” the economies of countries, and the pressure exerted by Washington is increasing. However, the VI Eastern Economic Forum remains an almost universal means of overcoming pressing problems of a regional scale. The Iranian oil trade, despite the sanctions, is a compelling example of this.

The meeting within the framework of the VI Eastern Economic Forum will allow the leaders of the Middle East to once again declare that cooperation with Russia is a promising topic. As soon as they are affirmed in such an opinion about Russia, they will be able to feel their own importance for our country, that they are playing on the same field with Moscow. And this will allow the countries of the Middle East to move forward, overcoming US sanctions, the consequences of the pandemic and the economic crisis.