India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
The India-Middle East-Europe transportation corridor may be the talk of the town, but it will likely go the way of the last three Asia-to-Europe connectivity projects touted by the West – to the dustbin.
What has just taken place in Moscow is nothing less than a new Yalta. This is the first time in arguably five centuries that no political leader from the west is setting the global agenda. It’s Chinese President Xi Jinping and Russian President Vladimir Putin that are now running the multilateral, multipolar show.
Raisi’s visit to Beijing, the first for an Iranian president in 20 years, represents Tehran’s wholesale ‘Pivot to the East’ and China’s recognition of Iran’s centrality to its BRI plans.
It would be so tempting to qualify Chinese President Xi Jinping landing in Riyadh a week ago, welcomed with royal pomp and circumstance, as Xi of Arabia proclaiming the dawn of the petroyuan era. But it’s more complicated than that.
Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Dollar.
Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the West.
In Davos and beyond, NATO’s upbeat narrative plays like a broken record, while on the ground, Russia is stacking up wins that could sink the Atlantic order.
While China, keen to ward off US sanctions as long as possible, is lagging, its RIC partners Iran and Russia are doing the legwork to break the west’s global financial grip.
Sergey Glazyev, who is Russia’s Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU), answers a series of questions related to the design of a new monetary /financial system via an association between the EAEU and China, bypassing the U.S. dollar.
Putin and Xi have agreed to create an “independent financial structure for trade operations that could not be influenced by other countries.” This may be announced by a joint summit before the end of 2022. This is a stunning game-changer in more ways than one.
Janata Weekly is India’s oldest independent socialist weekly.
Ever since its founding in 1946, Janata has voiced its principled dissent against all conduct and practice that is detrimental to the cherished values of nationalism, democracy, secularism and socialism, while upholding the integrity and the ethical norms of healthy journalism. For more than seventy years now, week after week, it has continued to analyse the changes taking place in the country and the world from a socialist standpoint, and thus promote the spread of socialist ideology in the country.
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