Asian powers are unlikely to ease Russia’s economic woes
Al Jazeera“Where the enemy advances, we retreat. The vast majority of Association of Southeast Asian Nations members backed the United Nations General Assembly resolution, which unequivocally condemned Russia’s armed aggression against a sovereign neighbour. Not long after, Russia finalised a massive, 30-year energy deal with China worth $400bn, setting the stage for a new era of economic cooperation with Asia’s leading economic powers. Meanwhile, Indonesian defence minister Prabowo Subianto, a former general notorious for his Putin-style macho antics, started to pursue massive arms deals with Russia to modernise the Southeast Asian country’s defence forces. Many Southeast Asian countries also invited major Russian energy companies to invest in their offshore energy resources across the South China Sea and waters off the coast of Indonesia’s Natuna Islands.