Shaping the Multipolar Future of World
Russia, China for New Set-up of International Relations
The emerging Sino-Russian strategic partnership hinted that Russia and China have teamed up to systemize new set-up of international relations which reflects the multipolar transition around the globe. World nations have already documented this trend to run international affairs for finding joint solutions to global problems because the Western old logic to solve modern and hybrid conflicts has been badly failed to end up the ongoing chaos and conflicts. In fact the chaos and regional conflicts were accelerated outside the west for achieving the geopolitical objectives intended to keep world hostile in favor of Washington-led unipolar hegemony. As a result the world was exhausted by the series of the endless wars and unsolved disputes so now Sino-Russian led multipolar world has become a ray of hope for world peace.
While outside the West, all-embracing partnership between Moscow and Beijing is shaping the new poly-centric world order also known as post-west order. Once the creation of Cold War adversary between the China and the USSR was the great success of the U.S. in 20th century but now both are ready to share each other shoulders as an all-weather ally by constituting joint security mechanism of the world in this 21st century. For this purpose, Russia and China are working on alternative approaches of international relations to conduct world affairs by structuring and expanding multilateral institutions from regionalism to globalism for making multipolar world transition possible.
End to Law of the Jungle
The U.S. led “Law of the Jungle” has created the series of endless wars and regional conflicts. More than 60 independent and sovereign states were destroyed directly and indirectly by Washington interference to usher the uni-centric World Order with Western allies in this 21st century. American defense planning of 21st century is based upon “America is the nation at war” doctrine intended to run outdated unipolar hegemony by hook and crook. Therefore America has not only executed “law of the jungle” to run world affairs unilaterally but now to save Washington power-centric hegemony, it is using third degree methods to keep control over world nations. But this hawkish rhetoric has fueled chaos all-around the world from Africa to Asia.
America has involved in attempts to bring regime change in different countries around the globe to achieve its geopolitical objectives through color revolutions. While in many countries it has launched direct military option to install puppet regimes.
The situation in Iraq, Libya, Syria and Afghanistan is the witnessed of it that how America assaulted unilaterally on these sovereign states to alter regional map. Now it has trying to extend ground based strategic defense missile system from Europe to Asia with the construction of American defense system complex also known as European Interceptor Site (EIS) in Poland for Europe and the installation of THAAD on South Korean soil for Asia.
Bluntly speaking, the U.S. is attempting to breakdown of world peace by posing nuclear war threat with global missile program which is a direct threat to Eurasian superpowers Russia and China. Although the US has projected this global missile system hosted by Poland and Korea for defense purposes but the fact is that this is a deliberately attempt to undermine or weaken Russia and China's strategic nuclear deterrent. Both countries agree that the deployment of such ground based American defense systems in Europe and Asia is simply sharp-cut venture to tear down the geostrategic balance of the power that guaranteed the safety of humanity from the major conflict, over past 71 years. Now America on the name of defense is fueling aggression with the installation of ground based missile systems having ability to penetrate distance of up to 1000 Km and then further depends on the advancement of technology. This is a clear cut massage that America is going to violate the Intermediate-Range Nuclear Forces (INF) Treaty negotiated by President Reagan and Soviet General Secretary Gorbachov in 1987.
First time publicly Chinese President Xi Jinping and Russian president Vladimir Putin discussed briefly to secure the peace of world by adopting new global security model for multipolar world during the Chinese President’s recent state visit of Russia. Both have not only opposed THAAD installation but declared it against the common security of the Asia-pacific. Hence why both are filling the international leadership vacuum with the construction of a multipolar world security framework and new mechanisms for international relations featuring win-win cooperation through defeating the “law of the jungle” which was imposed by the US/NATO on the world.
Chinese President Xi Jinping, during his address to 70the session of UN General Assembly, already issued a loud warning in saying that the “law of the jungle” should not be the way for countries to conduct relations - warmongering will backfire. Now both countries have rejected the shrill American call for global action to a global threat because both have already assembled world nations with their international and regional multipolar institutions.
Interlinking EEU and OBOR together with multipolar institutions
Put simply, Russia and China have created a new window of opportunities for the world by zipping their respective dreams of “Grand Eurasia” and “Modernization of the Ancient Silk Road” together with multipolar international institutions. Therefore, they are shaping the future of the new world through extending and strengthening multipolar world institutions i.e. BRICS, SCO and AIIB as alternates to unipolar institutions such as the IMF, World Bank, NATO and ADB. In fact the US’ global Hybrid War strategy against China’s Silk Road known as One Belt One Road (OBOR) and Russia’s Eurasian Economic Union (EEU) brought China and Russia close together in establishing an alternative security system resisting the US/NATO-led Cold War mentality. Both Moscow and Beijing have promised to end-up the US dominance over seas and skies. First time in history, Chinese naval ships participated in Russian hosted naval wargames from Baltic Sea to Mediterranean Sea while both have vowed to protect each other sovereignty from Black Sea to South China Sea. Hence why both are not only ready for an imminent war but they are also collaborating on different ways to minimize possible damage to the security of multipolar world.
Both Eurasian powers have joined hands to protect world as they are developing and proposing a substantive mechanism in Eurasia with multilateral institutions, which will include security issues, development of relations between the states, organization of the economy, social sphere, management system and search for new drivers of the growth.
For this purpose they are making institutional arrangements to interlink EEU and OBOR together intended to cover common economic space. Russia, Kazakhstan and China have already framed trilateral mechanism to boost the process of interlinking Eurasian Economic Union with Belt Road Initiatives. Although it needs a lot of work and it will take a time but the process has begun to fill the room with mutual collaboration. If it happens it would be a great geopolitical significance as the part of wide economic integration contour.
Despite this Russia and China are also shaping the new future of world by repelling the US led trade wars with their regional and global multilateral intuitions. As I wrote in one of my article about Eurasian Multilateral institutions that Russia and China have founded the one Eurasia’s powerful geo-strategic alliance, known as Shanghai Cooperation Organization (SCO) which considers the security guard of Eurasia while the West also views SCO as alternative to the NATO. Now with the submission of Pakistan and India, SCO has become more powerful than NATO by keeping four nuclear powers; Russia, China, India and Pakistan under one umbrella. To minimize the monopoly of Western international institutions World Bank and IMF, Russia and China have formulated the powerful economic institution of the BRICS. The world fastest growing economies, Brazil, Russia, China, India and South Africa are the part of it. Like SCO, the BRICS is also on the expansion mode as China has proposed BRICS plus idea to align other world fastest growing economies with BRICS. Not sure but my calculation lead me that BRICS is the interested to collaborate individually and collectively with the NEXT 11 also known as N-11 emerging economies. Russia and China have already great strategic and economic influence on these rising economies of 21st century which includes Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Turkey, South Korea, and Vietnam. If Russia and China succeeds to work with these nations, then it will give positive geographical diversification covering Europe, Latin America, Africa, South-East Asia, and the Middle East. For this purpose, BRICS New Development Bank can invest on infrastructure projects in these countries to replace IMF and World Bank. Beside this for the development in Asia, China has also established the Asian Infrastructure Investment Bank (AIIB) as alternate to Japan-led Asian Development Bank (ADB).
Trade wars and New Multipolar Investment Regime System
Thirsty blood sanctions war against multipolar world countries; Russia, Iran, North Korea hinted that America is using existing international investment regime system dominated by WTO, IMF and WB as tool of trade war to destroy the economy geopolitical opponents. Beside these countries, the US trade war against China has also become visible and there is an also a threat sooner or later sanctions would also be extended to the enormous economic power of China. Being the architectures of multipolar world, China and Russia were aware of such bloody economic war, therefore they had already formulated an alternative mechanism of international trade and economic law through bypassing Washington controlled international economic institutions. They had already challenged the monopoly of dollar as international currency by establishing the international trade in national and local currencies with their alternative economic institutes. BRICS has given preference to national currencies while Russia and China are also working on de-dollarization by introducing petrogold instead of petrodollar.
Russia being the one of biggest oil and gas exporter has introduced alternative energy trade system to minimize petrodollar hegemony over the organization of petroleum exporting (OPEC) countries. In 1975 all of the OPEC nations had agreed to sell their oil in the US dollars in exchange for American weapons and military protection. Unfortunately this “oil for dollars” system created the artificial American dominance around the globe due to demand for the US dollars. But with the passage of time, oil exporter countries realized that oil for dollars was a biggest global blunder because they were accepting worthless paper currency for their worthy oil. Russia raised a voice against this petrodollar system by introducing an ancient wisdom; trade in gold. Russia’s proposed Oil for Gold attracted many oil exporters. Today, Russia, Iran, Syria and Venezuela appeared as pressure group on OPEC. They have chosen their national currencies and gold for energy supply. Additionally, like other nations China and India as the biggest energy importers also given a preference to pay in their own currencies.
In fact Dollarization of world appeared immediately after the WW2 with aim to regulate war-torn international economic system by establishing the International Bank of Reconstruction and Development (IBRD, later known as the World Bank), The International Monetary Fund and the General Agreement on Tariffs and Trade (GATT, later known as the World Trade Organization, or WTO). In all this institutional process, the US Dollar played a central role and these economic institutions introduced new fixed exchange rate regime with Dollar. Hence why, all global currencies were pigged to the US Dollar. But today, the de-dollarization trend has become very popular. This trend was accelerated by the common efforts of Moscow and Beijing as they formulated anti-dollar alliance. Russian President Putin was personally behind the establishment of anti-dollar alliance as in 2014, he sent the governor of the Russian Central Bank, Elvira Nabiullina to Beijing for the establishment of a system of multilateral swaps. Ruble-Yuan swap deal turned BRICS into anti-dollar alliance. Therefore now currency swaps between the BRICS central banks are facilitating trade financing while completely bypassing the dollar. This new alternative system will also act as a de facto replacement of the IMF, because it will allow the members of the alliance to direct resources to finance the weaker countries. In other words, Russia and China by using the potential of BRICS have got success to replace existing international investment regime system with new multipolar investment regime system.