Ukraine war hurts Russian interests in South-east Asia

Russia’s invasion of Ukraine comes at a time when Moscow is trying to strengthen its ties with South-east Asian states

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Russia and also Europe to suffer from EU sanctions

EU countries have agreed unprecedented measures against Russia in response to the invasion of Ukraine

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President Alberto Fernandez visited Moscow and Beijing in February, days after seeking US support for an IMF debt deal

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Sanctions severely restrict Russian access to currency reserves and foreign trade; energy is untouched so far

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Qatar’s ability to reduce Europe’s dependence on Russian gas is limited at present; the longer-term outlook is better

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Gulf investments in Egypt have grown in the past few years, especially from the United Arab Emirates

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GDP expanded by 13.3% last year, more than recovering the pandemic-related 11.2% contraction in 2020

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Economic growth is set to ease notably this year, following a strong rebound in 2021

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The proposed EastMed pipeline for exporting gas to the EU faces multiple challenges

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President Joe Biden has maintained his predecessor's wish to decouple supply chains from China, with bipartisan support

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