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Big ideas of 2015: the year of two pivots

Russia and the US are both preparing to make major shifts

Russia beginning to turn East, towards China

Read the rest of our big ideas of 2015

2015 will be a year of two pivots. Russia is performing the first, turning east towards China, away from Europe. Sanctions imposed by the west after Russia’s invasion of Ukraine, and the plunging oil price, have hit the Russian economy hard. In November, the rouble fell by 15 per cent in just one week to an all-time low. Foreign currency reserves are down by $100bn and interest…

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