Economist Tilak Doshi stated in his article that the world is currently divided into two blocs.
Economist Tilak Doshi stated in his Forbes article that the world is currently divided into two blocs. One of them supports Western sanctions against Russia, and the second is an opponent of these restrictions.
He clarified that a large number of countries of the world are among the opponents of sanctions, with the exception of a number of Western countries and their allies.
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“For countries such as China, India, Brazil or South Africa, it is now important in international financial institutions to protect themselves from Western hegemony. Among other things, it is beneficial for these countries to maintain relations with Russia,” Doshi added.
According to him, now the process of bifurcation has begun in the world economy. In particular, in the field of trade, investment and lending, new financial blocks are emerging, which are based on a raw material basis.