Russia can switch to payments with India, China in national currencies crushing dollar amid sanctions – experts

Experts believe that the wish of the West to restrict Moscow’s cooperation with Brussels and Washington will play into the hands of the Russian economy. Wisdom and presence of mind are two components that will guarantee success for a new spiral of Russia’s cooperation with eastern countries. Also, this will allow us to counter-balance the risks that the European market is exposed to.

Russia has decided to develop cooperation with Asian countries. India, for example is our partner in issues of the military-industrial complex, in the high-tech segment. Cooperation with China is based on the raw materials sector, engineering, military technology. Recall that the Russian president’s visit is due in May.

Most likely, agreements on natural gas will be signed. Actually, bearing in mind that China will become the world’s largest economy in the near future, the development of the eastern vector will guarantee that a considerable part of extra profits and the growth of the home market will be generated in the South-East Asia. Continue reading

Germany in the Island Dispute

BERLIN/WASHINGTON/BEIJING (Own report) – Despite escalating tensions in East Asia, German companies have announced new arms exports to Western allies in China’s vicinity. Kiel’s HGW shipbuilding company has confirmed its decision to sell two submarines to Singapore. In the island disputes in eastern and southeastern Asia, Singapore is seen as one of the West’s reliable partners. The current territorial disputes over the archipelago known as the “Diaoyu Islands” (in China) and the “Senkaku Islands” (in Japan), which are claimed by both countries, gives an indication of the conflicts emerging in the region. Interest in these islands is based not so much on their resources but rather on conflicting geo-strategic interests: These Islands are part of a chain of islands Beijing considers an important defense against possible aggression. Berlin is observing these tensions with apprehension because they could threaten German business interests. German arms exports to the region, as well as the Bundeswehr’s growing cooperation with Japan, South Korea and other Western allies, are an indication that, in the case of an escalation of conflict, Germany would take sides – against China. Continue reading