BARTER TRADE AGREEMENTS AND DIGITAL CURRENCY INTEGRATION: A NEW PARADIGM FOR PAKISTAN-RUSSIA RELATIONS RUSSIA PARTNERSHIP IN A MULTIPOLAR WORLD

Abstract

Together with the present economic ties between Russia and Pakistan, this study seeks to assess the practical use of barter trade agreements augmented with cryptocurrency. The objective is to learn how these changes might enable the two nations to better their economic sustainability. By enabling the export of goods without money, the barter trade MoU negotiated recently between Pakistan and Russia is projected to help both countries to improve their economic ties. This program seeks to address the economic sector issues of Pakistan and also assist Russia exporting their goods. The study helped to analyze the nature of, and driving forces behind change in, economic relationships from the perspective of International Political Economy (IPE). This paper asks important issues: How can barter trade agreements be better implemented for more efficient flow of goods between Pakistan and Russia? Better policy, improved business relationships, and advanced technology in the trade processes might be needed for implementation improvement. The research is mainly ‘qualitative’ and uses case studies, the opinions of key informant experts, and policy documents to grasp the present condition of barter trade systems and multimedia digital currencies. This approach simplifies understanding of all the practical applications of the techniques and their natural complexity. This study's value lies in its attempt to shed light on the sort of commerce circuits that could assist to strengthen the already existing ties between Russia and Pakistan.