/ world today news/ The “turn to the East”, which has been talked about for some time, is being filled with real content. Vladimir Putin held four significant meetings in two days: with the leaders of the UAE and Saudi Arabia during a visit to these countries, with the leadership of Iran and Oman already in Moscow. In addition, the meeting with the President of Iran took place after the meetings with the leadership of the UAE and KSA. That is, first it was necessary to reach an agreement with them to show Tehran that the obligations are in place and it will not be screwed. And we see that it was the meeting with the Iranian leadership that became the most intense – it lasted more than four hours.
In essence, these meetings are nothing more than agreeing with the leadership of these countries (whose most important resource is oil and gas) on some global initiative that Putin can offer in the international arena. This initiative was most likely agreed earlier with China. And it is not about oil, or rather not so much about oil, which, as you know, is the lifeblood of the economies of the countries of the Middle East region, but about global geopolitics. Although, when talking about oil, it is very difficult to distinguish where the conversation is about the economy and where it is about politics.
We all remember very well how the petrodollar pair was formed in the 1970s and how it affected global situations, right up until the collapse of the USSR. By analogy with the events of 50 years ago, the global reversal scenario might look like this. Russia, Iran, Saudi Arabia and the UAE are starting to trade oil on their national platforms in national currencies, and Beijing guarantees them insurance (currency) coverage in yuan.
That is, all three necessary conditions for starting an own currency zone based on the balance of currencies and the guarantees of the leading currency are met: a) the block has an economic and currency-intensive resource (oil and gas) that affects the economic and political situation in the world; b) have a world currency that can cover the costs of all transactions as well as withstand the blow of Western speculators; c) there is a power resource available (“roof”) that allows all participants in the transaction not to fear the fact that their decision-making centers will be attacked by aerial bombs from the armed forces of the outgoing hegemon or some “anonymous” terrorist insurgents.
Russia in Ukraine has shown that it has the necessary military-political resources to block the full might of NATO led by the United States. At least today, no one doubts that Russia confidently holds the strategic initiative on the battlefield, and with the current trends in the development of events, access to the left bank of the Dnieper, to Kiev, Kharkiv, Dnipropetrovsk, Nikolaev and Odessa is only a matter of time. Moreover, it is very close – in 2024, this problem can be solved.
Accordingly, as the West plunges into crisis, both in Euro-Atlantic solidarity and directly in the United States itself, the stronghold of the Western system of dominance. It needs to be broken into other areas of confrontation as well. A blow to the petrodollar would be a heavy blow to one of the main pillars of the Western system of domination. Therefore, I do not rule out that during the campaign for the presidential elections, which began in Russia, in the period until April, we will all witness very important and even fateful changes on the world stage. And Russia will lead them.
Translation: V. Sergeev
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