Trading in local currencies has already started — and lays the groundwork for facilitating BRICS transactions in gold Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold. As we reported last week, Moscow and Beijing took another step towards…
While the United States is preoccupied by the threat of nuclear weapons in the hands of potential adversaries such as Russia, China or North Korea, the danger of nuclear conflict may actually be greatest between two of its allies, Pakistan and India. The two nations have engaged in four wars starting since their partition along…
As regular as it may sound, one is bound to note that there’s a rapid acceleration of political processes that can be observed in the world today in general and in the Asia-Pacific region in particular. It seems that only yesterday NEO was reporting on the chances of a possible aggravation between the leading regional…
China’s reaching out to Israel and Saudi Arabia is not a case of selling out to Zionism and Wahhabism. It is the product of a pragmatic conception of statesmanship intended to lay the foundations for a multipolar world. Far away from the public eye and amidst relatively little fanfare compared to other official visits of…
Last year could hardly be described as the best period in the bilateral relations between Saudi Arabia and the United States, since the interests of these two players have shifted dramatically over the years. Today, Washington and Riyadh occupy different positions on such important topics as Syria, Iran, the Israeli-Palestinian conflict, Egypt, the so-called “democratization”…
Following the assessment by the US Secretary of Defense of the situation in the Northeast Asian region, Secretary of State Rex Tillerson was subsequently sent on a tour. In the period from March 16 to 19, Tillerson visited Japan, the Republic of Korea and China. The fact that two high officials of the US administration…
