... Lavrov can count on a chain of bilateral consultations with his counterparts from several non-Western G20 countries including China, Mexico, South Africa and Brazil, as well as with the invited leaders of some international organizations.
However, the ... ... place within G20. The West comes to Bali more united than it has ever been since the end of the Cold War. The recent summits of G7, the North Atlantic Alliance and the European Union have demonstrated an exceptionally high degree of the Western cohesion....
... could straddle the divide between the West and the non-West. Following the 2014 Ukraine crisis, the G8 reverted to its previous G7 format; in the wake of the Russian military action in Ukraine last February, Russian-Western confrontation degenerated into ... ... respects, from economically and politically to technologically and militarily.
Even before the outbreak of the
“hybrid war,”
China had overtaken Germany not only as Russia’s principal trading partner, but also as the leading exporter of machinery and ...
... way to a rising number of projects and initiatives that have regional integration blocs as their base.
One such recent project is the Global Gateway initiative launched by the EU at the end of 2021, another that was launched under the auspices of the G7 group is the Build Back Better World (B3W) initiative. Both projects are meant to compete with China’s Belt and Road Initiative (BRI) in advancing greater connectivity and infrastructure development throughout the global economy. Globalization as a concept is becoming a more competitive field for various regions and countries that are starting ...
The SCO will be able to claim the status of not only the largest, but also the most influential union in Eurasia
The G7 summit in Quebec (Canada) and the SCO summit in Qingdao (China) took place at almost exactly the same time and once again clearly demonstrated the ever growing multipolarity of global and trans-regional development. However, while the Group of Seven meeting took a step backwards of sorts – or, put simply,...
... private equity markets and create an Asian equivalent of Wall Street, perhaps by merging some of its stock exchanges — Shanghai, Shenzhen, Hong Kong…and foreign ones such as Singapore or even Sydney.
REUTERS/ Jonathan Ernst
Despite such challenges, China (together with India) remains the world’s fastest growing major economy. Neither Beijing nor Delhi (nor Moscow) were represented in the recent G7 in Italy, which took place in Sicily’s atmospheric setting but produced a very modest outcome indeed. No deal was made on climate change, and some agreement was reached only on a declaration on terrorism. Mr Trump’s much-talked behaviours, although ...
... nations. The recent G-7 Summit, if seen in the perspective of bilateral economic and strategic developments between Russia and China, was expected to become instrumental for mounting extra-ordinary pressure on Russia. It was widely believed that this meeting ... ... was soft. She said that any easing of the sanctions depended largely on Russia and its behavior in Ukraine. Group of Seven (G7) leaders vowed at a summit to keep sanctions against Russia in place until President Vladimir Putin and "Moscow-backed" ...
