Thursday, 22 May 2014

CHINA PARLEYS RUSSIA IN 30 YEAR DEAL – US HEADACHE STARTS


It is no gain-saying the pariah state the US intends to paint Russia in the midst of ongoing Crimea imbroglio but China yesterday signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.


“Putin was in Shanghai for an Asian security conference where China's president called for a new model of Asian security cooperation based on a regional group that includes Russia and Iran and excludes the United States”, Yahoo News said. This opens the question of a new world power rising and the deliberate exclusion of the USA bore a grim and delicate picture of world security and peace.

The unusual alliance, if anything is to go by the recent past indifferences of both nations, Paik noted that "Russia, and Putin, can demonstrate it's not completely isolated because of the Ukraine crisis. Russia has demonstrated that they have a very reliable strategic partnership with China." The deal therefore, does not only guarantee supply of natural gas to the world second largest economy, it also guarantees strategic partnership in world politics, diplomacy and economic shift.

Just recently, Russia wasn’t invited to the G8 summit, alienating them from the franchise and this would have been a blow, save for china’s gas initiative. “The contract particularly important at a time when Europe has threatened to cut gas imports and reduce its dependence on Russia because of the Ukraine crisis”, said Alexander Lukin, a deputy head of the Russian Diplomatic Academy under the country's Foreign Ministry, quoted by the RIA Novosti news agency.

"We will be able to show to Europe that we have other customers," Lukin said.

A show of power indeed it was by Russia and China and not only to Europe but to America.

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