The Chinese Foreign Office has announced that on September 9, Chinese President Xi Jinping will not participate in the G20 Summit scheduled to take place in India. In his place, Chinese Premier Li Keqiang will lead the Chinese delegation. It’s worth noting that Russian President Vladimir Putin had already stated that he would not participate in the G20 Summit. It is believed that this decision by the Russian president may be due to international travel restrictions associated with his Interpol warrant, but it is not the case that India has any obligation to enforce Interpol warrants. India is not a member of Interpol.
If we consider recent developments, the most influential figures in global politics in recent times have been the leaders of Russia and China. It can be confidently stated that both these leaders’ influence on the global stage has surpassed that of the American president. This is evident in the reactions to the sanctions imposed by the United States and its allies following the Ukraine conflict.
After this conflict, the American president’s sphere of influence has been limited to Europe, English-speaking countries, and Japan and South Korea. The silver lining is that Saudi Arabia, a key U.S. ally, has also gained concessions on Russian oil despite the sanctions.
The second major statement of the ineffectiveness of the American president has been observed in their handling of the oil crisis. The United States has maintained control over international oil prices for the past forty years. When they wanted prices to stay low, they remained low, and when they wanted an increase, they go up. However, this is no longer the case. In the past two years, Saudi Crown Prince Mohammed bin Salman, in charge of oil production, had rejected all of President Biden’s demands and made decisions on oil production according to his own will. Mohammed bin Salman’s intent aligned with OPEC+ decisions.
In general, it is understood that today’s individuals, especially the American president, are the most informed and knowledgeable in global politics. The American intelligence system does not just provide them with breakfast news but also offers them analysis of the latest developments, guiding them on what their next move should be. However, if we look at the impact of the decisions made by the American president, it is evident that their influence is now limited to Europe, English-speaking countries, and Japan and South Korea. Their ability to influence events globally has significantly diminished.
Another key expression of this is the reaction to the actions of OPEC Plus. The United States has held control over oil prices for the past forty years. They were used to prices staying within their dictates. But now it’s different. In the past two years, Saudi Crown Prince Mohammed bin Salman made decisions on oil production according to his own preferences, disregarding President Biden’s demands. Mohammed bin Salman’s intentions matched those of OPEC Plus.
Not only that, but in 2021, the world’s third-largest economy, Germany, will drop to seventh place in 2024, France to the tenth, the UK to the ninth, while Italy and Spain will fall out of the top ten altogether. Is this all a result of the Ukraine conflict? No, it’s merely a consequence of the sanctions imposed by the United States and its allies on Russia. And Russia’s response to these sanctions has affected the economies of European countries significantly. Germany, Europe’s largest industrial nation, is going through deindustrialization, and several European countries are facing a recession. In contrast, the Russian economy remains one of the top economies globally. Experts analyzing global economies predict that the Russian economy will be the world’s top economy next year, despite being in ninth place in 2021.
Moreover, in 2021, the world’s third-largest economy, Germany, will drop to seventh place in 2024, France to the tenth, the UK to the ninth, while Italy and Spain will fall out of the top ten altogether. Is this all a result of the Ukraine conflict? No, it’s merely a consequence of the sanctions imposed by the United States and its allies on Russia. And Russia’s response to these sanctions has affected the economies of European countries significantly. Germany, Europe’s largest industrial nation, is going through deindustrialization, and several European countries are facing a recession. In contrast, the Russian economy remains one of the top economies globally. Experts analyzing global economies predict that the Russian economy will be the world’s top economy next year, despite being in ninth place in 2021.
If we analyze events after February 2022, it becomes evident that even before the end of the Ukraine conflict, the United States and its allies believed that they would achieve victory. Their presumed victory was dependent on Russia complying with the sanctions imposed on them. However, the outcome of these sanctions has resulted in a backlash from Western alliances, particularly Europe, suffering from economic turmoil.
The history of the most devastating sanctions shows that even though the United States and Europe had been building a large army in Ukraine since 2015, they had not obtained the desired numerical and military capabilities. However, by the time they had assembled this force, the Ukraine military had already become the second-largest army in Europe. After assembling this force, the United States intended to station its military base in Ukraine after making it a NATO member. It’s evident that a conflict in Ukraine was always on the horizon, but the difference is that the war occurred much earlier than the United States and its allies had planned.
If we look at the events since February 2022, it becomes clear that even before the end of the Ukraine conflict, the United States and its allies believed that they would achieve victory. Their presumed victory was dependent on Russia complying with the sanctions imposed on them. However, the outcome of these sanctions has resulted in a backlash from Western alliances, particularly Europe, suffering from economic turmoil. The history of the most devastating sanctions shows that even though the United States and Europe had been building a large army in Ukraine since 2015, they had not obtained the desired numerical and military capabilities. However, by the time they had assembled this force, the Ukraine military had already become the second-largest army in Europe. After assembling this force, the United States intended to station its military base in Ukraine after making it a NATO member. It’s evident that a conflict in Ukraine was always on the horizon, but the difference is that the war occurred much earlier than the United States and its allies had planned.
Furthermore, it is not difficult to understand that Russian President Vladimir Putin and Chinese President Xi Jinping are not attending the G20 Summit in India this week. With the BRICS alliance, Putin and Xi Jinping now have a more powerful coalition than the G7, so what relevance does the G20 have in their eyes? The G20’s importance is now overshadowed by the BRICS alliance, and the G7’s relevance is even less than that. In this entire scenario, the most significant change will be the end of dollar hegemony, which is rapidly approaching. BRICS countries have already stopped dealing in dollars.
We predicted the future of the global landscape four to five years ago, stating that the 21st century would be the century of Asia.
The solution to the world’s problems would be found in Asia, and the world’s direction would be determined by Asia. We have already seen the Shiite-Sunni conflict in the Middle East, which quietly shifted to Beijing because it could be understood by the CIA, but not by MI6. It is believed that the Israel-Arab conflict will also eventually arrive in Beijing. The world is changing rapidly, and the individuals who will shape it in the future will be born in Asia!
