| No. |
Process |
Characteristic |
| 1 |
Financial turbulence |
The Moscow Exchange Index has fallen by 20 % since early March 2020, the RTS index has fallen by 34 % since the beginning of the year. The American Dow Jones index has lost 20 %. The rate of exchange is USD 1 to RUR 79, euro 1 to RUR 86. The price for a barrel of oil has fallen to $ 22, with a budget norm of $ 42 (Smirnova, 2020). Rosneft and Lukoil share prices have reached their historic lows. The shares of airlines, synthetic fuel producers, and alternative energy have fallen. |
| 2 |
Spread of the coronavirus (COVID‑19) pandemic |
Closing the borders of many states. Nowhere has been harder hit than air travel, travel industry, culture and sports. China, Italy and Spain have been particularly hard hit. There was a shutdown of a number of industries. An inference that COVID‑19 is man-made has legs. |
| 3 |
Reformatting of the global matrix |
Europe is losing its identity. Many European cities have become Muslim enclaves. In particular, in Austria, the share of migrants is 17.4 %, Switzerland – 29 %, Luxembourg – 45 % (Gulevich, 2020).After leaving the EU, Great Britain will cease to be queen of the seas and become a small island state. Japan is turning into a nation of elderly people surrounded by robots. If by early 2020 the share of the population over 60 years old is 23.2 %, then by 2050 it is expected to be 42.3 %. The external debt of the United States has reached more than 23 trillion. US and G7 leadership is crumbling away. China has taken the first place in the world in terms of the GDP (PPP) – USD 25 279 trillion, globally – 18.67 %. USA – USD 20 580 trillion, 15.2 % in the world. BRICS GDP in PPP is USD 44.1 trillion against USD 40.7 trillion of G7 (RosStat, 2019; Sadovnichy et al., 2014). The center of economic life is moving from the Atlantic to the North-East Pacific coast. Trading platforms in Singapore, Hong Kong, Shanghai, Jakarta are taking the leading positions, displacing New York, London (Boldareva, 2017). |
| 4 |
Trade wars, exacerbation of armed conflicts |
The Nord Stream 2 has been stopped, sanctions have been imposed on Russia, and attempts are being made to bring the situation under control. US duties on goods from the EU and China have been increased. Many peace agreements have been terminated. Military conflicts in Libya, Iraq, Syria, Afghanistan. NATO activity has been revitalized. The outbreak of oil wars. |
