Summit of the Americas held on April 10–11 in Panama not only illustrated the general movement of Latin American countries towards abandoning the system of inequitable relations with the US but also outlined new trends carrying a potential threat for the regional interests of Russia
Unquestionably, no one likes to see a recession. It causes discomfort for industry and the public alike. But it also poses a unique opportunity that the government is attempting to seize. Through its efforts to expedite structural reform and diversify the economy, it is striving to ensure that Russia emerges stronger than ever. Indeed, making the right moves now will make it better prepared to ride the next economic wave and to avoid, or at least mitigate, future cataclysms.