Russia’s military operation in Ukraine could be a catalyst for the “burial” of US hegemony and the end of world domination of the dollar, according to an article in China’s Global Times.
According to the author of the article, Washington planned to use the conflict to weaken Moscow and gain economic and political benefits, as well as to create obstacles for Europe to achieve strategic autonomy. However, the policy of sanctions against Russia was not supported by many UN member states.
“The neutrality of most countries and regions has undoubtedly dealt a blow to the United States and Western countries, which are accustomed to deciding what geopolitical position other countries should take. <...> The era in which the United States could dictate how to conduct global affairs is over. Various US-dominated institutional arrangements, including dollar hegemony, will inevitably fall away.
In an interview with Sheng Yi, a professor at Fudan University in Shanghai said that the United States now controls Europe with the help of NATO, but the alliance is facing difficulties.
“The brain death bloc will continue to face deep structural defects in the future, that is, NATO, which cannot fight. Then what is the meaning of its existence? Sheng Yi asked. The observer also suggested that in the future, China and Russia would have to be treated at the same time.
On Wednesday, Chinese Foreign Minister Wang Yi, during a meeting with Russian Foreign Minister Sergei Lavrov, called the situation in Ukraine a result of years of controversy over Europe’s security and a result of the Cold War mentality.
Lavrov, for his part, announced the intention of Russia, China and their allies to move together towards a multipolar and just world order following the results of a “serious stage in the history of international relations.”
Last Thursday, Russian Security Council Deputy Chairman Dmitry Medvedev announced the end of a unipolar world led by the United States. On March 16, Foreign Minister Sergei Lavrov declared a landmark battle for the future world order.
“This is a fateful moment, this is an epoch-making moment in modern history, because it reflects the ‘battle’ in the broadest sense of what the world order will look like,” the Russian foreign minister said.
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