Political Economy

Indo-Russian Relations

Now that Russia is being heavily sanctioned, they may be forced to trade more in Indian Rupees, thereby pushing strongly in the direction of Soviet-era trade-relations. The Rupee trade came to an end with the collapse of the USSR (see ‘Requiem for Rupee Trade’ by R. G. Gidadhubli, 1992), following which, both countries effectively subordinated their economies

Russian Imperialism?

In 1920 Lenin redefined imperialism to mean the division of the world into “oppressor” and “oppressed” nations, with the former exploiting the latter, which comprises 70 percent of the world’s population – a clear reference to Asia, Africa, and Latin America. This raises the question of how nations exploit nations, which was largely by taxation, indemnity…

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