In These New Times

A new paradigm for a post-imperial world

Archive for the ‘Multipolar world’ Category

The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.

India-China ties moving to new level

Posted by seumasach on December 4, 2018

“To my mind, Putin felt encouraged to sense that the time has come for the realization of what Russian pundits often call the “Primakov’s Triangle”. (The idea of a Russia-India-China format was first propounded in 1998 by the legendary Russian strategist and then foreign minister Evgeniy Primakov but both China and India had reservations about it.)”

M.K.Bhadrakumar

Indian Punchline

3rd December, 201§8

The G20 in Argentina last weekend turned out to be of great significance for India-China relations. On the sidelines of the event, PM Modi and President Xi Jinping had occasion to interact thrice – one bilateral meeting and a second meeting of BRICS leaders were scheduled in advance and then, lo and behold, Russian President Vladimir Putin sprang a huge surprise on his Indian and Chinese colleagues by initiating a summit meeting in the Russia-India-China (RIC) format.

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Iran, Iraq consider using local cash in mutual trade

Posted by seumasach on November 20, 2018

PressTV

18th November, 2018

Iran says it is discussing a plan with Iraq to switch to dinar in trade instead of the US dollar.

The announcement was made by Iran’s Ambassador Iraj Masjedi who said the plan had been devised in response to recent US sanctions that restricted Iran’s access to the greenback.

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Russia and Japan could finally end WWII

Posted by seumasach on November 20, 2018

Moscow Times

20th Novemebr, 2018

For decades, every sign Russia and Japan had made progress in talks on disputed territories and a post-World War II peace treaty turned out to be a false alarm. This time may be different: Both Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe need a deal more than their predecessors did.

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Should Japan continue to support the US-led international order?

Posted by seumasach on November 20, 2018

East Asia Forum

2nd October, 2018

Since the end of World War II, Japans defence and security policy has always been built around a single premise — an international order based on US primacy.

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Economic realpolitik brings Asia’s big guns together

Posted by seumasach on October 30, 2018

So much for containing China! Multipolarity provides China with an abundance of alternatives, as in this unprecedented convergence with Japan, a member of the Quad grouping. The ball is well and truly back in Trump’s court. Will he persist in the path of confrontation with China or is his bellicose stance just a prelude to a deal? We will see, perhaps, after the forthcoming Trump-Xi talks.

Asia Times

26th October, 2018

Nothing beats a potential financial crisis to bring geopolitical rivals together. This dynamic was on full display in Beijing Friday when the premiers of China and Japan joined hands on a US$30 billion currency swap, a yuan clearing bank and business deals worth billions.

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Saudi Arabia gets a friend in need – Russia

Posted by seumasach on October 24, 2018

M.K.Bhadrakumar

Indian Punchline

22nd October, 2018

It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There was even a top-secret US government plan to ravage the Middle East oil industry in the event of the former Soviet Union gaining control of it. The CIA called it the “denial policy”. It was hatched in 1948 during the Berlin Blockade – whereby, oil wells would be plugged, equipment and fuel stockpiles destroyed, refineries and pipelines disabled to ensure that the USSR never got hold of the Middle East’s oil resources.

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India-Russia relations go way beyond defence deals

Posted by seumasach on October 19, 2018

“If the Americans sanction against India’s use of dollars for its transactions with Russia, make no mistake, Indian and Russian ingenuity will find a way to put in place a clearing system that altogether obviates the use of dollar. Arguably, it will be a blessing in disguise if the US forces India and Russia to revive their old Cold War era payment system, because if that happens, the economic content of the relationship will increase exponentially. Will the US want a major global economy like India to jettison the use of dollar and get accustomed to local currency payments?”

M.K.Bhadrakumar

Indian Punchline

9th October, 2018

Amidst the welter of commentaries on the Indian-Russian annual summit last week in New Delhi, what stands out is that the government has outstripped our strategic analysts. The latter viewed the Russian summit last week exclusively through the prism of the $6 billion S-400 missile defence deal. Now, that turned out to be like missing the wood for the trees.

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EU, UK, Russia and China join together to dodge US sanctions on Iran

Posted by seumasach on September 29, 2018

“What really matters is the fact that the leading nations of the EU have joined the global heavyweights — Russia and China — in open defiance of the United States. This is a milestone event. It’s hard to underestimate its importance. Certainly, it’s too early to say that the UK and other EU member states are doing a sharp pivot toward the countries that oppose the US globally, but this is a start — a first step down that path. This would all have seemed unimaginable just a couple of years ago — the West and the East in the same boat, trying to stand up to the American bully!”

Strategic Culture

28th September, 2018

The UN General Assembly (UNGA) in New York is a place where world leaders are able to hold important meetings behind closed doors. Russia, China, the UK, Germany, France, and the EU seized that opportunity on Sept. 24 to achieve a real milestone.

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Europe and Iran plot oil-for-goods scheme to bypass US sanctions

Posted by seumasach on September 27, 2018

“What is certain now is that thanks to Donald Trump’s policy, Europe is working closer now with China and Russia,” a western diplomat told The Independent.

It will be interesting to see where this leaves the Little Englanders’ anti-Russian crusade.

Independent

27th September

 

Diplomats are examining a scheme to barter Iranian oil for European goods through Russia as part of mechanism to bypass American sanctions on the Islamic Republic, The Independent can reveal.

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Europe finally has an excuse to challenge the dollar

Posted by seumasach on September 26, 2018

“Creating “a defensible banking architecture” may well be the end goal for the Europeans, China and Russia, anyway. Iran is only a convenient pretext: the nuclear agreement is one of the few things that unite the EU, China and Russia against the U.S. But working to undermine the dollar’s global dominance isn’t ultimately about Iran at all. In his recent State of the European Union speech, European Commission President Jean-Claude Juncker called for strengthening the euro’s international role and moving away from traditional dollar invoicing in foreign trade. China and Russia have long sought the same thing, but it’s only with Europe, home of the world’s second biggest reserve currency, that they stand a chance of challenging American dominance.”

Bloomberg

25th September, 2018

With more and more European companies fleeing Iran following the re-imposition of U.S. sanctions, it may be tempting for Americans to write off Europe’s efforts to save the Iran nuclear deal. It would be wiser to resist the temptation.

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The euro has the power to challenge the dollar

Posted by seumasach on September 13, 2018

Bloomberg

12th September, 2018

European Commission President Jean-Claude Juncker isn’t a nationalist populist, but he devoted his State of the European Union address on Wednesday to the defense of “European sovereignty.” This means, among other things, using the euro to challenge the U.S. dollar’s global dominance, particularly in an era of growing American unilateralism.

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