Within the yr of the Russian presidency of BRICS, the St. Petersburg Worldwide Financial Discussion board (SPIEF) needed to ship one thing particular.
And ship it did: over 21,000 folks representing a minimum of 139 nations – a real microcosm of the International Majority, discussing each aspect of the drive in the direction of a multipolar, multinodal (italics mine), polycentric world.
St. Petersburg, past all of the networking and the frantic deal-making – $78 billion-worth clinched in solely three days – crafted three intertwined key messages already resonating all throughout the International Majority.
Message Quantity One:
President Putin, a “European Russian” and true son of this dazzling, dynamic historic marvel by the Neva, delivered an extraordinarily detailed one-hour speech on the Russian financial system on the discussion board’s plenary session.
The important thing takeaway: because the collective West launched whole financial warfare towards Russia, the civilization-state turned it round and positioned itself as the world’s 4th largest financial system by buying energy parity (PPP).
Putin confirmed how Russia nonetheless carries the potential to launch a minimum of 9 sweeping – international – structural modifications, an all-out drive involving the federal, regional, and municipal spheres.
The whole lot is in play – from international commerce and the labor market to digital platforms, fashionable applied sciences, strengthening small and medium-sized companies and exploring the nonetheless untapped, phenomenal potential of Russia’s areas.
What was made completely clear is how Russia managed to reposition itself past sidestepping the – illegitimate – sanctions tsunami to establishing a stable, diversified system oriented in the direction of international commerce – and utterly linked to the growth of BRICS. Russia-friendly states already account for three-quarters of Moscow’s commerce turnover.
Putin’s emphasis on the International Majority’s accelerated drive to strengthen sovereignty was straight linked to the collective West doing its greatest – somewhat, worst – to undermine belief in their very own fee infrastructure.
And that leads us to…
Glazyev and Dilma rock the boat.
Message Quantity Two:
That was arguably the main breakthrough in St. Petersburg. Putin said how the BRICS are engaged on their very own fee infrastructure, impartial from stress/sanctions by the collective West.
Putin had a particular assembly with Dilma Rousseff, president of the BRICS New Improvement Financial institution (NDB). They did speak intimately in regards to the financial institution’s growth – and most of all, as later confirmed by Rousseff, about The Unit, whose lineaments had been first revealed completely by Sputnik: an apolitical, transactional type of cross-border funds, anchored in gold (40%) and BRICS+ currencies (60%).
The day after assembly Putin, president Dilma had an much more essential assembly at 10 am in a personal room at SPIEF with Sergey Glazyev, the Minister for Macro-Financial system on the Eurasia Financial Union (EAEU) and member of the Russian Academy of Sciences.
Glazyev, who had beforehand offered full tutorial backing to the Unit idea, defined all the main points to President Dilma. They had been each extraordinarily happy with the assembly. A beaming Rousseff revealed that she had already mentioned The Unit with Putin. It was agreed there shall be a particular convention on the NDB in Shanghai on The Unit in September.
This implies the brand new fee system has each probability to be on the desk in the course of the BRICS summit in October in Kazan, and be adopted by the present BRICS 10 and the close to future, expanded BRICS+.
Now to…
Message Quantity Three:
It needed to be, after all, about BRICS – which everybody, Putin included, confused shall be considerably expanded. The standard of the BRICS-related classes in St. Petersburg demonstrated how the International Majority is now dealing with a novel historic juncture – with an actual risk for the primary time within the final 250 years to go all-out for a structural change of the world-system.
And it’s not solely about BRICS.
It was confirmed in St. Petersburg that a minimum of 59 nations – and counting – plan to affix not solely BRICS but additionally the Shanghai Cooperation Group (SCO) and the Eurasia Financial Union (EAEU).
No surprise: these multilateral organizations now lastly have established themselves on the forefront of the drive in the direction of the multimodal (italics mine) – and to cite Putin in his handle – “harmonic multipolar world”.
The Prime Periods for Additional Reference
The entire above could possibly be adopted, reside, in the course of the frantic two and a half days of discussion board’s classes. It is a pattern of what had been arguably essentially the most partaking. The broadcasts must be very useful as references going ahead – all the best way to the BRICS summit in October, and past.
On the Northern Sea Route (NSR) and Arctic growth. Greatest motto of the session: “We’d like icebreakers!” The important dialogue to grasp how the present international commerce provide chains usually are not dependable anymore and the way the NSR is quicker, cheaper and dependable.
On the BRICS enterprise growth.
On the BRICS targets for a real new world order.
On the 10 years of the EAEU.
On the nearer integration between EAEU and ASEAN.
The BRICS+ roundtable on the Worldwide North South Transportation Hall (INSTC).
This session was notably essential. The important thing actors of the INSTC are Russia, Iran and India – all BRICS members. Actors on the margins which can revenue from the INSTC – from the Caucasus to Central and South Asia – are already to be a part of BRICS+. Igor Levitin, a high Putin advisor, was a key determine on this session.
The Larger Eurasia Partnership (GEP).
This was an important dialogue on what’s eminently a civilizational undertaking – in distinction with the collective West’s exclusionary method. The dialogue exhibits how GEP interlinks with SCO, EAEU and ASEAN and stresses the inevitable complementarity of transport, logistics, vitality and fee construction all throughout Eurasia. Glazyev, Deputy Prime Minister Alexey Overchuk and former Austrian International Minister Karin Kneissl – all the time ultra-sharp – are key individuals. Additional – astonishing – bonus: Adul Umari, appearing Minister of Labor in Taliban Afghanistan, interacting along with his Eurasia companions.
On the philosophy of multipolarity.
Conceptually, this session interacts with the GEP session. It presents the angle of a concise inter-civilizational dialogue below the framework of BRICs+. Alexander Dugin, the irrepressible Maria Zakharova and Professor Zhang Weiwei of Fudan College are among the many individuals.
ORDER IT NOW
On Polycentricity. That includes all International Majority establishments: BRICS, SCO, EAEU, CIS, CSTO, CICA, African Union, the renewed Non-Aligned Motion (NAM). Glazyev, Maria Zakharova, Senator Pushkov and Alexey Maslov – director of the Institute of Asian and African Research at Moscow State College – focus on the best way to construct a polycentric system of worldwide relations.
As Undertaking Ukraine Faces Doom…
Lastly, it’s inevitable to distinction the – hopeful, auspicious – temper at SPIEF with the collective West’s hysterics as Undertaking Ukraine faces doom. Putin made it fairly clear: Russia will prevail, it doesn’t matter what. The collective West could rekindle “the Istanbul answer”, as Putin famous, however modified “primarily based upon the brand new actuality” within the battlefield.
Putin additionally deftly defused all of the pre-fabricated, nonsensical nuclear paranoia infesting Atlanticist circles.
Nonetheless, that gained’t be sufficient. On the packed corridors at SPIEF, and in casual conferences, there was whole consciousness in regards to the Hegemon’s desperation-fueled warmongering masked as “protection.” There have been no illusions that the present dementia posing as “overseas coverage” is betting on a genocide not just for the sake of the “plane service” in West Asia however principally to cow the International Majority into submission.
That will increase the intense risk that the International Majority must construct a navy alliance to discourage this – deliberate – International Conflict.
Russia-China, after all, plus Iran and credible Arab deterrence – with Yemen exhibiting the best way: all of which will change into a should. A International Majority navy alliance should present up a technique or one other: both earlier than the – incoming, deliberate – catastrophe, to mitigate it; or after it has completely engulfed West Asia right into a monstrous, vicious warfare.
Ominously, we could also be almost there. However no less than St. Petersburg supplied glimmers of hope. Putin: “Russia would be the coronary heart of the multipolar harmonic world.” Now that’s the way you clinch a one-hour speech.
