The tone of the statements made from Brussels and Washington and their decisions taken with regard to the Russian Federation, Russian businesses and officials imply that West is unlikely to go beyond ‘cosmetic’ sanctions.
Escalation of the Crimean conflict and the risk of further infiltration of the Russian troops into the continental part of Ukraine have raised a concern about international mechanisms of deterrence of the Kremlin policy, economic sanctions being among them. Although Brussels and Washington made rather harsh statements earlier, it is quite improbable that they will really dare impose heavy sanctions on Moscow. This means that the world community now lacks efficient instruments of influence allowing adequate response to the aggression of the countries with nuclear weapons.
The Russian Federation is the third biggest trade partner of the EU (next to the US and China) with the USD 417.4 billion sales turnover in 2013. That is why the sanctions in question may have the reverse effect and thus cause direct loss of about USD 170 billion to European producers. Considering the current state of the EU economy, the results will be grave. At the same time, it is quite remarkable that where the trade is concerned, the biggest losses will be incurred by the Eastern European countries (except Romania), which will result in yet greater misbalance in the EU economy, strengthen the effect of the centrifugal forces impeding stable economic development of the EU countries, and exacerbate economic issues within the EU in general.
Russia is one of the world’s biggest oil producing countries and the world’s second biggest ‘black gold’ exporter. It supplies most of its oil and gas to the EU countries. Hence, the only way to affect Russian economy is slapping sanctions on it that would target Russia’s energy sector. And this implies refusal from Russia’s natural gas supplies resulting in reduction of its state revenues. In 2013, the country’s earnings from oil export amounted to USD 162 billion, from natural gas export — USD 67 billion.
There are more factors which prevent the EU from ‘punishing’ Russia, such as location of Russia’s sufficient energy assets in Europe, complete influence of 11 EU countries on energy supplies from Russia, close partnership with Germany and the Netherlands in the area of gas supplies.
Out of 485 billion cubic meters of gas consumed by the EU countries annually, Russia supplies about 160 billion cubic meters which is almost one third of the total volume. According to the forecast suggested by governments and energy companies, by 2013 consumption may increase up to 585 billion cubic meters annually, and imports from Russia — up to 175 billion. Therefore, Russia’s share in gas supply to the EU will remain about the same.
In its turn, the dynamic of oil import by the EU 2001 through 2013 shows that, despite general decrease in volumes, Russia’s share has never decreased ever since 2005 — it was Kazakhstan, Libya and Saudi Arabia that reduced their exports. Import of natural gas is currently, quite oppositely, increasing steadily, Russia’s share still being the largest.
Talks about compensation of losses caused by lifting some Iran sanctions are absolutely groundless and economically unjustified.
Therefore, ban on Russia’s energy imports will be a blowback to Europe resulting in further aggravation of the current economic crisis. Brussels has no chance to arrange for quick diversification of natural gas supplies. At the same time, sanctions against Russia will result in raising prices for energy resources, which, vice versa, will increase Moscow’s revenues. Moreover, Europe will face economic recession once again, thus negating all anti-crisis programs implemented by Brussels during the last several years. In its turn, this will raise social issues.
So neither the US nor the EU will impose an embargo on oil and gas imports from Russia just because the consequences thereof will have too negative an effect on the global market which is expected to see growth of oil consumption up to 92.5 million barrels daily in 2014. Iran’s Minister of Petroleum Bijan Namdar Zangeneh agrees with this forecast.
Russia’s budget for 2014 was calculated based on the average annual oil price of USD 93 per barrel. In case sanctions become a reality, the prices will well exceed USD 130, and the raise will continue. This will bring Russia additional USD 37 from each exported barrel of oil at the least. Let us not forget that in 2013 Russia exported about 234 million tons of oil and liquid gas.
Imposing sanctions against the key Russian energy companies — Gazprom, LUKoil and Rosneft —also seems quite doubtful. Most of them signed field development contracts with a number of American and European oil and gas producing companies. Therefore, the blow to Russian oil and gas producing companies will affect their western partners whose business interests are concentrated in this country.
According to Bob Dudley, the Group Chief Executive and a director of BP — which is one of the largest foreign investor in Russia’s oil producing industry owning a 20% share in one of the world’s biggest oil exporters Rosneft — his company is not going to stop investments in Russia. He underlined that BP is immensely interested in investing in this country. BP produces one fourth of its oil and keeps one third of its oil and gas reserves in Russia.
President of the French company Total Christophe de Margerie promised to continue investing in the USD 26.9 Yamal LNG project where Total’s share amounts to 20%, its project partners being Novatekom and CNPC (China). The partner plan on starting liquid natural gas supplies from the arctic field in 2017. “We are there for a long term,” Margerie told reporters at the IHS CERAWeek energy conference. “Total and Yamal will definitely survive through this crisis and I hope not too many others.” At the same conference, Paolo Scaroni, the Chief Executive of Eni, said that sufficient gas reserves give Russia powerful instruments of influence on Europe. He believes that the worst possible scenario would be complete termination of gas supplies from Russia through Ukraine.
On March 5, after Russian troops invaded Crimea, top managers of the British energy producing company BP and the French Total promised to continue investing in Russia, and CEO of the Italian Eni underlined once again that huge gas reserves allow Moscow to hold control over the whole Europe.
According to Rainer Steele, Chairman of the Board of Directors of Gazprom’s partner Wintershall, sanctions against Russia will not settle the issue and will be ineffective. Philipp Mißfelder, member of the German Parliament, also said that sanctions against Russia will affect Germany, and that sanctions are never a good method for export-oriented Germany. German Minister for Foreign Affairs Frank-Walter Steinmeier doubted that Europe would even dare expel Russia from the G8.
Direct EU investments in Russia’s economy are yet another issue. Thus, foreign direct investments from the Netherlands in Russia amount to 12% of the overall investment outflows from Amsterdam, 4.3% from Germany, 3.4% from France, 30% from Cyprus (mostly reinvestments), 3.8% from Ireland.
Investment outflows from Russia to the EU are also quite considerable: 37% — Cyprus, 15.9% — the Netherlands, 2.5% — Great Britain, 2.2% — Germany. This shows that blocking of bilateral financial flows between Russia and the EU is not reasonable from the economic point of view.
According to the disclosed secret documents of the British Parliament, Downing Street also recommends to refrain from closing the British market for Russia, and to not go beyond visa restrictions and exclusion for certain Russian officials. In particular, one of the documents tells that Britain should not impose any trade sanctions or close London’s financial centre for Russian capital.
These recommendations also include evasion of the issue of participation of the North Atlantic Alliance in settling the Crimean conflict. This means that the EU will resort only to some political instruments available to the OSCE and the UN that will be targeted at certain persons and not the whole country.
All in all, Britain and Germany will attempt to not affect their own economy, and this is what will determine further London’s behaviour. We believe that Britain and Germany will only act as diplomats in the Crimean conflict, and they might even try to lobby some nominal sanctions about which the US Senator John McCain gave a hint in his interview after his meeting with the British representatives during which he expressed his disappointment about London’s official standpoint and ignoring history’s lessons on the part of Europe. Basically, he said that the US would like but could not possibly impose certain effective sanctions, and Europe is not ready for such serious measures.
Russia only ranks number 20 among the countries consumers of the US products and is not among the top ten of the countries exporters of goods and services to the US. Therefore, Washington has only financial leverages at its disposal in this situation. Moreover, sanctions similar to Iranian, for example, will affect, and most probably, block economic cooperation between Russia and the EU — scenario which is unacceptable for Brussels. This means that neither the US has any flexible economic leverages against Moscow at their disposal.
That is why Washington now counts on, first of all, imposing sanctions by its European partners aimed at limiting access for the Russian President’s wingmen and partners to their bank accounts and financial flows within the territory of Europe. Therefore, they expect some upward pressure, sparking discontent among the political elite which would make it possible to prepare grounds to exert influence on the Kremlin. However, it is not probable that such measures will turn out to be effective.
It is fair to say that the international checks and balances system elaborated back in 1945 is efficient no more, and the depth of integration of the global economy no longer allows control over the countries with nuclear weapons and critical shares in the global export. In view thereof, despite all the strivings of the world community, there are no more ‘innocent’ leverages to exert effective pressure on such players as Moscow, Washington and Beijing. Any instruments which may help achieve the desired results are going to bring serious consequences for the global economy and the initiators of the sanctions. At the same time, as the ‘Crimean precedent’ may be used without any dramatic consequences only by three countries, and Washington and Brussels understand that no mass chain reaction will follow, and most incidents may be precluded by means of traditional diplomatic and economic instruments.
This means that the world is gradually approaching the new round of the Cold War which today, as strange as it may sound, may have a stimulating effect on the development of the key national economies.
Therefore, according to our forecast, West is likely to resort to financial aid for Ukraine instead of further complicating relations with Russia, thus preventing the risk of economic loss in the context of the current crisis. This means that neither Washington nor Brussels will dare impose serious economic sanctions against Russia. Hence, these instruments are unlikely to considerably influence the Kremlin’s policy with regard to Ukraine in the medium term.
It Is Crucial to Watch Changes among the Russian Elites
Georgia’s and to a large extent any other post-Soviet state’s foreign policy depends on what happens in/to Russia.
Problems in the Russian economy might be causing reverberations in Georgia, Moldova, Ukraine, Kazakhstan, etc., but it still is not a long-term problem. What should matter more fundamentally to us are internal developments within the Russian ruling class, changes in the government, struggle among powerful groupings, and relations between the civil and military branches.
In other words, we need to pay closer attention to the Russian elites which govern the country and therefore control the country’s foreign policy. This is important since Russia’s internal situation often has a bearing on foreign policy, and that is where it matters to us.
To be sure, watching developments in a country’s ruling elites is crucial for almost every modern state which is geopolitically active. But with Russia, this is even more important as the political power in the country does not derive from the people as in the European democracies, but rather from powerful security and military agencies which enable the central government in Moscow to control efficiently large swathes of territories, usually of unfriendly geographic conditions.
The way modern Russian elites operate is very similar to the way how Soviet and imperial (Romanov) governments worked. Quite surprisingly, in all the cases Russian elites have been always perceptible of changing economic or geopolitical situation inside or outside the country.
It is often believed that a ruler, again whether during the imperial or Soviet times, wielded ultimate power over the fate of the population and the governing elites. The same notion works for Vladimir Putin. Westerners often portray him as a sole ruler to all the affairs Russian and non-Russian and a major voice in what should be done. True, the incumbent president is powerful, but he gained this authority more as a balancer among several powerful groups of interests such as military, economic, security, cultural and numerous smaller factions inside each of these large groups.
To many, it might seem strange and hardly possible that the Russian president balances rather than rules, but generally a Russian ruler, despite the historically autocratic models of government, always had to pay attention to changing winds among the country’s elites. In the beginning, if all goes badly, the elites might be silent for the fear of oppression, but slowly and steadily they would always try to influence the government. If this did not work, the Russian elites would not hesitate to abandon the ‘sinking ship’.
Indeed, Russian history shows how powerful the Russian elites are and how vital their support for a government is.
Take the example of the Romanov dynasty before World War I. There was a big disenchantment with the way the government operated and once the Tsarist rule failed in the Russo-Japanese war of 1904-1905 and the WWI, the result was immediate: the elites turned their back on the Romanovs and the Empire ceased to exist in 1917.
Perhaps an even better example is how the Soviet Union collapsed in 1991. Though there were military problems, corruption as well as economic woes, it was still in the minds and hearts of the ruling Russian and Ukrainian, Georgian and other governing circles that the idea of a common state failed.
Nowadays, Russia is experiencing serious problems, ranging from economic and educational to purely geopolitical. There are occasional signs that the Russian elites are getting more worried about the future prospects of the country. Where before the Ukrainian crisis there was still hope of final European-Russian rapprochement and the idea that Russians had to model themselves on Europe, now this idea is dead.
Thus, along with social and foreign policy troubles, the Russians are also experiencing a purely spiritual problem. All point to the fact that there are too many issues which have accumulated during Putin’s rule, which, surely, will not be easy to change overnight, but there is a growing understanding that this chosen way is not getting Russia to a spectacularly good place in the world arena.
This brings us to the pivotal question of what Russia will be like after Putin. Is a change to the existing status quo possible? Many developments show that it is a plausible scenario. Considering how many problems have accumulated and considering how troublesome historically it has been for the Russian elites to act openly against the government, it is possible that once Putin is out, internal infighting among elite groups will take place. As a result, reverberations to foreign policy will follow. It is not about wishful thinking on the part of the western community, but rather the result of an analysis of Russian history and the Russian mentality. Almost always, changes at the top of the government, whether peaceful or otherwise, have an impact on the foreign and internal situation.
This is what should be meticulously studied by the Georgians.
Author’s note: first published in Georgia Today
Experts Campaign to Enlist Russia’s Commitment to Africa
Roscongress Foundation and Integration Expertise LLC (Intex) have signed an agreement on cooperation between their organizations to work collaboratively on the “Russia-Africa Shared Vision 2030” in preparation for the forthcoming Russia-Africa Summit. The agreement directed towards collecting and collating expert views for the project “Russia-Africa Shared Vision 2030” that could be incorporated into the final Summit Declaration.
A group of Russian experts plan to present a comprehensive document titled “Russia-Africa: Shared Vision 2030” at the forthcoming Russia-Africa Summit scheduled on 23–24 October in Sochi, southern Russian city.
Sochi, located in southern Russia, has an excellent heritage. In both winter and summer, the city hosts world-class global international events, such as the Olympics, the World Festival of Youth and Students, and many others. Sochi has one of the largest congress complexes in the country.
The key issue emerging from many policy experts is a fresh call on Russian Government to seriously review and change some of its policy approach currently implemented in Africa. It’s necessary to actively use combined forms of activities, an opportunity to look at the problems and the perspectives of entire Russian-African partnership and cooperation in different fields from the viewpoints of both Russian and African politicians, business executives, academic researchers, diplomats and social activists.
The Russia-Africa Summit will be the first platform to bring African leaders and business executive directors to interact and discuss economic cooperation of mutual interest with Russian counterparts, nearly 30 years after the collapse of the Soviet Union.
Even as the historical event draws nearer and nearer with preparations underway, Russian officials at the Kremlin and Ministries, particularly Ministries of Foreign Affairs, and Economic Development and Industry, are still lip-tight over what African leaders have to expect from the Summit.
On the other hand, competition is rife on the continent, with many foreign countries interested in Africa. Resultantly, African leaders have been making rational and comparative choices that enormously support their long-term Sustainable Development Goals (SDGs).
Roscongress Foundation along with the Integration Expertise information-analytical company said in a recent news brief that collaborative writing team of Russian and African experts have been working on a document that would outline the main areas for interaction between Russia and African countries.
An expert analysis, including macroeconomic reviews, and an analysis of political systems and inter-country development strategies would be used to reach conclusions about opportunities for cooperation, make recommendations, and define specific goals for the development of Russian-African relations in the period until 2030.
Anton Kobyakov, an Adviser to the Russian President, noted that “Russia has traditionally prioritized developing relations with African countries. Trade and economic relations as well as investment projects with the countries of the African continent offer enormous potential. Major Russian businesses view Africa as a promising place for investment.”
Andrei Kemarsky, Director of the Department of Africa of the Russian Ministry of Foreign Affairs, said the work on the series of expert reports united by the common theme “Russia-Africa Shared Vision 2030” would make a significant contribution to intensifying Russian-African cooperation and would further promote Russia’s interests on the African continent.
“This project seems to be particularly relevant given the fact that the Russia-Africa Summit is scheduled to be held in Russia with the participation of heads of all African countries,” Kemarsky said.
In December 2017, Russian Export Center became a shareholder of Afreximbank. Russian Export Center is a specialized state development institution, created to provide any assistance, both financial and non-financial, for Russian exporters looking for widening their business abroad.
“We are seriously looking at multifaceted interaction with Africa. Russia has a long historical connection with the continent since the time African states started gaining their independence. However, that has lost its momentum in early 90s. It is our major goal now to rebuild the trust and the connections with the African countries to make the strong foundation for further business cooperation,” the General Director of the REC, Andrei Slepnev, told me in an emailed interview.
“We’re witnessing a clear growing interest from the both sides to establish the new level of relationships which means it is a perfect timing to boost the economic agenda we have, create a platform to vocalize these ideas and draw a strong roadmap for the future,” stressed Slepnev.
“Given the growing interest in Africa, Russian organizations, both private and public, need a high-quality guide that will help to avoid at least some of the mistakes that have already been made and provide pointers on some of the most promising mechanisms for collaboration,” Roscongress Foundation CEO, Alexander Stuglev, said.
Alexandra Arkhangelskaya, a Senior Lecturer at the Moscow High School of Economics said that Russia and Africa needed each other – “Russia is a vast market not only for African minerals, but for various other goods and products produced by African countries.”
Currently, the signs for Russian-African relations are impressive – declarations of intentions have been made, already many important bilateral agreements signed – now it remains to be seen, first of all, how these intentions and agreements would be implemented in practice with African countries, according to Arkhangelskaya.
During the signing of an agreement between the Integration Expertise and Roscongress Foundation, Yevgeny Korendyasov, a Senior Researcher at the Institute of African Studies of the Russian Academy of Sciences, said that intensifying Russian-African cooperation was now among the list of current priorities of the Russian government and the business community.
“Preparations for the Russia-Africa Summit as a new platform for the Russian-African partnership are in full swing. In this situation, ensuring that relations between countries reach a new level requires a rethinking of approaches, mechanisms, and instruments for cooperation based on their heightened significance in the new conditions of world politics and economics,” according to Yevgeny Korendyasov.
Andrei Maslov, an Expert at the Valdai Discussion Club, noted that Russia’s partnership with the African continent was also a major focus at the Valdai International Club’s discussion platform, which hosted an expert session titled “Russia’s Return to Africa: Interests, Challenges, and Prospects” held in March 2019.
On March 19, under the Chairmanship of Yury Ushakov, an Aide to the Russian President Vladimir Putin, the Organizing Committee on Russia-Africa held its first meeting in Moscow. The Russia–Africa summit is expected to be attended by roughly 3,000 African businessmen, according to the official meeting report.
As a way to realize the target goals, a preliminary Russia-Africa Business Dialogue as part of the St. Petersburg International Economic Forum (SPIEF) will take place on June 6–8, and will be followed by the annual shareholders meeting of African Export-Import Bank. Russian Export Center became a shareholder in December 2017.
The Roscongress Foundation, established in 2007, is a socially oriented non-financial development institution and a major organizer of international business conventions, together with Russian Export Center are the key institutions responsible for preparation and holding of the all events. President Vladimir Putin put forward the Russia—Africa initiative at the BRICS summit (Russia, Brazil, India, China, and South Africa) in Johannesburg in July 2018.
Russia and North Korea: Key areas for cooperation
The April 25 meeting in Vladivostok between President Vladimir Putin and Kim Jong-un was their first since the North Korean leader came to power in 2011. Arriving on his armored train, Kim Jong-un said that he had always dreamed of visiting Russia and hoped that his first visit would not be the last.
“We talked about the history of our bilateral relations, about the current situation and the development of relations between our two countries,” Vladimir Putin said wrapping up the opening phase of the negotiations, which lasted for two hours – twice longer than originally planned.
Kim Jong-un said that the two leaders “had a very meaningful and constructive exchange of views tete-a-tete on all pressing issues of mutual interest.”
“I am grateful for the wonderful time I have spent here, and I hope that our negotiations will similarly continue in a useful and constructive way,” he added.
The talks later continued in an expanded format and ran for three and a half hours.
“We had a detailed discussion of all issues on our agenda: bilateral relations, matters related to sanctions, the United Nations, our relations with the United States and, of course, the central issue of the denuclearization of the Korean Peninsula, focusing on different aspects of all these problems,” Vladimir Putin said during the final press conference.
The main outcome of the talks, however, was the two leaders’ repeated emphasis on the need to restart the six-party talks on the denuclearization of the Korean Peninsula, as well as Russia’s readiness to act as a de-facto mediator between Pyongyang and Washington. Representatives of Russia, North and South Koreas, China, Japan and the United States regularly met between 2003 and 2008 (under Kim Jong-il), but those meetings were eventually suspended by Pyongyang following Washington’s refusal to ease the sanctions regime and its attempts to revise existing accords.
Ahead of the Vladivostok summit, the US Special Envoy for North Korea, Stephen Biegun, made a brief visit to Moscow to discuss the terms of the new Korean settlement parley. The US State Department described the diplomat’s visit as a desire to “discuss respective bilateral engagements with North Korea and efforts to achieve the final, fully verified denuclearization of North Korea.”
However, Mr. Biegun’s visit only underscored the lingering differences in the negotiating sides’ views on resolving the situation on the Korean Peninsula and regarding the mechanisms and mutual steps needed to make this happen. While North Korea, Russia and China are holding out for a phased lifting of sanctions on Pyongyang in exchange for North Korea gradually rolling back its nuclear missile program under international security guarantees, the United States insists on Pyongyang’s prior cessation of its entire nuclear missile development effort. According to Vladimir Putin, Kim Jong-un then asked him to convey his position and expectations to Washington.
“Chairman Kim Jong-un personally asked us to inform the American side about his position and the questions he has about what’s unfolding on the Korean Peninsula,” Vladimir Putin told reporters after the summit. He promised to do this at upcoming international forums – including in China, as part of the Belt and Road Initiative.
The North Korean leader had thus decided to get back to Pyongyang’s previous practice of “balancing” between the leading world powers in an effort to achieve maximum possible concessions. This balancing act is important for Pyongyang primarily with Washington and Moscow – especially after the failure of the US-North Korean summit held in Hanoi in February.
According to Andrei Kortunov, director of the Russian International Affairs Council, “Kim Jong-un’s trip to Vladivostok means that he is looking for outside support amid his stuttering talks with the United States.”.
“With the failure of the Hanoi summit, Kim Jong-un needs to confirm that he is generally committed to denuclearization, but within the framework of the Russian-Chinese phased plan. Donald Trump and his team reject this and demand a complete denuclearization of the DPRK as a condition for lifting the sanctions,” Go Myung-hyun of Seoul’s ASAN Institute of Policy Studies said.
“What Pyongyang now needs following the failure the Vietnam summit is at least a semblance of minimal diplomatic success,” Andrei Lankov, a professor at Kookmin University in Seoul, said.
The list of countries Kim Jong-un can now turn to for diplomatic support is very short. These are essentially Russia and China. However, his visit to Beijing is not in the best interest of China, which is currently locked in tense trade negotiations with the United States.
Therefore, Kim Jong-un apparently hopes that his talks with Russia will send a signal to Washington that since political pressure on Pyongyang is not working, the Americans should proceed to a phased lifting of sanctions against North Korea in exchange for Pyongyang partially coming across on its nuclear missile program.
“North Korea’s strategy always has been walking a tight-rope between the conflicts of the world powers and getting concessions that way,” the BBC commented.
With the successful Russian-North Korean summit, which reaffirmed the two countries’ shared desire to breathe new vigor into the Korean settlement process, the ball is now in the US court, and President Trump’s well-known predilection for quick fixes and spectacular moves inspires hope for his next, third, meeting with Kim Jong-un.
During his recent visit to Washington, South Korean President Moon Jae-in underscored the need for a new such meeting between Trump and Kim. When meeting with Donald Trump, President Moon stressed that his “important task” is to “maintain the momentum of dialogue” toward North Korea’s denuclearization while expressing “the positive outlook, regarding the third US-North Korea summit, to the international community that this will be held in the near future.” Donald Trump responded in his peremptory manner: “I enjoy the summits, I enjoy being with the chairman,” he said, adding that his previous meetings with the North Korean leader had been “really productive.”
Although there has been no word yet about when exactly this meeting could happen, Kim Jong-un has already made it clear that he is ready “to be patient and wait for the American president by the end of the year.”
Seoul, another target of Pyongyang’s political signals, factors in very importantly in the diplomatic activity currently swirling around North Korea.
“Kim launched the inter-Korean phase of the “new way” immediately after the meeting in Hanoi. It involves ratcheting up pressure on South Korea to demonstrate greater independence from the US,” The Hill commented.
“Of course, while it is awkward for South Korea to say so openly, there is no gainsaying the fact that the failure to make really meaningful progress in implementing the detailed agreements negotiated during the inter-Korean summits in Panmunjom and Pyongyang is due to the constraints imposed by South Korea’s support for the US’ North Korea policy.”
“South Koreans truly may be the most effective mediators precisely because they are caught between the parties: the Americans with whom they share long-term, common interests; and the North Koreans with whom they share an existential, common national identity,” the publication concluded.
In addition to general political issues and the problem of the denuclearization of the Korean Peninsula, economic projects in energy and infrastructure, including the construction of a gas pipeline and a railway line linking the two countries are an equally important aspect of cooperation between Russia and North Korea.
All these things, however, depend very much on the overall situation on the Korean Peninsula and the prospects for the normalization of inter-Korean relations.
“I spoke about this. We have been talking about this matter for many years. This includes direct railway traffic between South Korea, North Korea and Russia, including our Trans-Siberian Mainline, opportunities for laying pipelines – we can talk about both oil and gas, as well as the possible construction of new power transmission lines. All of this is possible. Moreover, in my opinion, this also meets the interests of the Republic of Korea, I have always had this impression. But, apparently, there is a shortage of sovereignty during the adoption of final decisions, and the Republic of Korea has certain allied obligations to the United States. Therefore, everything stops at a certain moment. As I see it, if these and other similar projects were implemented, this would create essential conditions for increasing trust, which is vitally needed to resolve various problems,” President Vladimir Putin said about this particular aspect of the talks with his North Korean counterpart.
Any further progress in the Korean settlement process depends directly on the kind of relationship we are going to see happening within the framework of the “six” world powers. Anyway, the summit, which has just closed up shop in Vladivostok, gives reasons for optimism.
First published in our partner International Affairs
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