A small group of nations have found financial and geopolitical benefits in the ashes of Russia's invasion of Ukraine, sanctions and economic dislocation.
The U.A.E., a major oil producer, has also benefited from a boost in energy prices due to the war. And its financial system, considered by Western critics to be a prime hub for money laundering, has allowed wealthy Russians to bypass European and U.S. sanctions.
Long a popular sand and sun destination, four million Russians vacationed in Turkey in the first nine months of this year, according toby the Carnegie Endowment for International Peace — and that trend is expected to intensify as Russian tourists lose access to European destinations. "The trade turnover between Russia and Turkey doubled in the first nine months of this year from the year before to reach $47 billion," Alexandra Prokopenko, an analyst working with the Carnegie Endowment for International Peace, noted on Nov. 8.."Turkey may well have become one of Russia's top three trading partners."
Considered an unelected usurper by both Ottawa and Washington — who have gone so far as to recognize a rival politician as Venezuela's rightful leader — U.S. officials now seem to want to bring Caracas back into their fold. Venezuelan President Nicolas Maduro, left, and his wife, Cilia Flores, watch a Youth Day march in Caracas in February. Venezuela controls the world's largest oil reserves, and U.S. energy companies and policy-makers are keen to rebuild its production to help bring down world prices.
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