The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline gas in central Europe are working on alternative imports in case transit via Ukraine stops from January, analysts and companies said.
If the US dollar and the IMF keep causing headaches, we may see countries imagining and building alternatives - but these will have their own problems.
Andrew Sheng | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
The heft of US-imposed economic sanctions on Russia has left many in the Global South acutely aware of their vulnerability to US dollar dominance, reinvigorating calls for an Asian Monetary Fund, writes Andrew Sheng.
Analysts say that attracting more foreign investment, especially from the US and Europe, could help curb decoupling with the West, but ‘restoring positive business sentiment cannot be done overnight’.