Authors: Wang Wei, Edward Lai
The concept of the “BRIC” began to affect the audiences in 2001 when economist Jim O’Neill first used the term referring to the emerging countries like Brazil, China, India and Russia combined. And later it was added with South Africa. The argument go that the relative size and share of the BRICs in the world economy would rise exponentially and gradually imply for the G-7, which is regarded as the economic hegemony of the West, to make a rearrangement of the world order.
On July 10, the president-elect Kh. Battulga was inaugurated at the State House in Ulan Bator, where he vowed to resume the “third neighbor policy” for safeguarding Mongolia’s independence and freedom. Although Mongolia’s role in the world affairs is marginal, the people living on land-locked country have been well-known for their great dream.
On Wednesday NATO and Russia have got a new reason to argue and make claims to each other. NATO posted an 8-minute online documentary feature video, glorifying activity of the Baltic partisan movement “Forest Brothers”.
Donald Trump Jr did nothing wrong by collecting potential criminally incriminating information about a prospective presidential candidate Hillary Clinton from ANY source, as this would protect the American people, the United States of America, and further the interests of law enforcement and justice.
Amid clashes between police and protesters, the top advanced nations known as Group of 20, or simply ‘G-20’ summit is getting underway on 7-8 July in the German port city of Hamburg with terrorism, global trade and climate change among the major issues on the agenda. From Paris Climate Accord to North Korean Nuclear threat, US-Russian ties to Indo-China strain, this G20 summit will witness the global superpowers in their worst, trying to make their best.
Although China and Russia never use the term of ally to describe their current relationship, the entente has been the fait accompli between the two countries since 1996. With the state visit of President Xi Jin-ping to Russia on July 3-4, this is his sixth visit to Russia since his assumption of presidency, and was also the third meeting between the two heads of states in a period of six months of 2017.
Following the end of the cold war and the break-up of the Soviet Union, there were rapid decreases in Russian military budgets. Soviet military expenditure had stood at almost USD $350 billion in 1988. However, by 1992 it had fallen to USD $60 billion and in 1998 was only USD $19 billion. The more flexible parts of the budget suffered the most, such as those for procurement and operations.
The future of EU-Russia relations is even more uncertain than ever before. Everyman may observe only deterioration. Mass media broadly covered the extension of the bloc's economic sanctions against Russia by six months until January 31. European Union leaders made such decision on June, 22 during a two-day summit in Brussels. This step followed the Washington's decision to broaden its sanctions against Moscow.