Konstantin Babkin: Russia is changing its dependence on the West to dependence on China
For the Russian economy, the “pivot to the East” has so far resulted in a change from dependence on the West to dependence on China. Industrialist Konstantin Babkin stated this at a visiting meeting of the leadership of the Chamber of Commerce and Industry in Velikiye Luki. As an example of the ineffectiveness of the existing economic policy, Babkin compared the growth rate of electric motor production in 2023 using the example of Russia, China and the RSFSR for...