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Joe Biden Wraps-up Asia-Pacific Trip: Rebalancing Policy Going Strong (I)

Mideast conflicts, Snowden revelations and domestic woes, the U.S. remains true to its course of being a dominant Asia-Pacific power committed to increasing America's influence in the region as a hedge against the increasingly assertive China... Recently the US diplomatic activities in the region are on the rise. This includes the October visits by Defense Secretary Chuck Hagel and State Secretary John Kerry, Treasury Secretary Jack Lew visiting the region last month, the just wrapped-up Biden’s trip, as well as the Obama’s planned visit in April. Tensions in the region are at their highest in years...

Andrei AKULOV | 10.12.2013


 

The Eurasian Economic Union and Its International Relevance

On November 18, 2011 the presidents of Russia, Belarus and Kazakhstan signed the Declaration of Eurasian Economic Integration, and on May 29, 2012 in Astana, at a meeting of the heads of the Customs Union member states, a program for preparing a draft of a Eurasian Economic Union Treaty was approved... The final stage in creating a new economic union will be the signing of the Treaty in May 2014 by the presidents of the member states of the new Union.  In the second half of 2014 the Treaty on the Creation of a Eurasian Economic Union is to be ratified by the parliaments of the states acceding to the Treaty, and on January 1, 2015 it is to come into force...

Yuri BARANCHIK | 25.10.2013


 

The reasons for the crisis on the Korean Peninsula

A peaceful co-existence with the Democratic People's Republic of Korea does not figure in America's plans. Rather, they are looking to eliminate the state. This is why there is a predetermined state of permanent conflict on the Korean Peninsula, a cyclical development of the situation from acute crisis to relative «remission» and back again. The actions of the West with regard to North Korea result in a vicious catch-22. Calls to stop the nuclear programme, thereby stopping the violation of the principles of the non-proliferation regime of weapons of mass destruction, are often used to cover up the realisation of a hidden agenda – regime change in North Korea...

Alexander VORONTSOV | 12.04.2013


 

North Korea: Sabre Rattling Escalates to State of War

On March 30 North Korea declared that it is in a «state of war» with South Korea. It warned that any provocation by Seoul and Washington will trigger an all-out nuclear war... Meanwhile, an inter-Korea joint industrial complex, which lies inside North Korea, was operating normally. The Kaesong Industrial Complex, which lies 10 kilometers (six miles) inside North Korea, was built by the South in 2004 as a symbol of cross-border cooperation. Around 53,000 North Koreans work at plants for 120 South Korean firms at the complex, which serves as a crucial source of hard currency for the impoverished state. Using North Korea's cheap labor, the Kaesong complex produced $470 million US worth of goods last year. No military action on the part of North Korea is possible till the facility functions. Perhaps economic advantage it gives will outweigh the predisposition to military solution...

Andrei AKULOV | 03.04.2013


 

Korea: North and South on Verge of War

The tensions on the Korean Peninsula have been escalating these days. A flow of tough rhetoric exchanges is unrelenting, Seoul and Pyongyang promise to wipe each other off from the face of the earth... North Korea is as hostile as it can be, but so far it’s only words. The other side is trying not to lag behind in exerting psychological pressure, but it is also taking practical steps that directly provoke further escalation of the stand-off. The US has taken a decision to deploy additional interceptors in Alaska against the North Korean missiles, for the first time in many years US nuclear capable strategic bombers imitated nuclear strikes against North Korea during the recently held Key Resolve/Foal Eagle exercises – it’s not just rhetoric...

Alexander VORONTSOV | 02.04.2013


 

North Korea Ups Ante (I)

On February 12 North Korea conducted a successful underground test at the Punggye-ri nuclear site (the north-western part of the country). It was a third test after two failures conducted in strict defiance of UN resolutions. The event is linked to launching a long-range rocket in December 2012. Back then it triggered U.N. sanctions, backed by Russia and China. North Korea described the test as a «preliminary measure» and threatened «stronger» actions unless the US ends its «hostility». The move brings it closer to developing a nuclear warhead small enough to be mounted on a long-range missile and possibly bringing Guam, the Hawaii and even the US West Coast within the striking range...

Andrei AKULOV | 19.02.2013


 

Once again on the territorial dispute between Japan and China and Korea (II)

Almost simultaneously with the aggravation of the territorial dispute between China and Japan, a long-standing dispute has sharply escalated between Japan and South Korea over  ownership of the Dokdo Islands (Korean name), they are also called Takeshima (Japanese name). If in the case of the Senkaku archipelago Japan carries administrative control, the Dokdo islands are under the sovereignty of the Republic of Korea (ROK)...To date, the picture is very dramatic. At the same time, albeit from different viewpoints, Japan`s territorial conflict with neighboring countries is really important for, the ROK, China and Taiwan, Russia ...

Alexander VORONTSOV | 17.11.2012


 

South Korea: an Emerging Power Rises from a Cold War and Division

South Korea has traditionally been seen as a nation totally dependent on the United States... However, thanks to a burgeoning industrial base, South Korea is spreading its own wings and establishing itself as an important hub for trans-Asian and trans-Pacific commerce. Not only has South Korea recently hosted in Seoul the second-ever international summit on nuclear security, but this summer it will host an international exhibition, commonly known as a “World’s Fair,” in the southern coastal city of Yeosu... In today’s world of projecting “soft power,” the hosting of Olympics, World Cups, Expos, and summits are seen as a non-military method to project national power at regional and global levels. If the Yeosu 2012, the Nuclear Security Summit, and next year’s Asian Games are any indication, South Korea is intent on establishing itself as an Asian and international power to be reckoned with.

Wayne MADSEN | 06.04.2012


 

Russia's Eastern Gas Program

The development of the energy plan to be implemented jointly by Russia and the Koreas reached a milestone during President Medvedev's talks with the DPRK leader Kim Jong-il in Ulan-Ude on August 24, 2011 and with the ROK President Lee Myung-bak in St. Petersburg on November 2, 2011, enabling the Korean leaders to announce the launch of a large-scale gas supply project... The talks with an economic agenda are to commence in a matter of days and to lead to the signing of a commercial contract by mid-2012...

Alexander VORONTSOV | 09.12.2011




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OUR COLUMNIST
    Valentin KATASONOV

Currency Swaps in the Modern World. The Birth of the Global Currency Cartel (II)

Before 2011, unlimited swaps between central banks were open for a period of seven days. In the autumn of 2011, however, the US FRS, the European Central Bank (ECB), the Bank of Japan, the Bank of England, the Bank of Switzerland and the Bank of Canada (the ‘big six’) agreed to coordinate actions to ensure the liquidity of the global financial system... Currency wars are not going anywhere; they are just ceasing to exist within the currency pool of the ‘big six’, while new currency wars between the ‘big six’ and the rest of the world are inevitable. The success of BRICS and other countries on the periphery of global capitalism in building a fair global financial order will, to a large extent, depend on the understanding that the West has already been consolidated and has distanced itself from the rest of the world...

01.10.2014
 
 
 
 
 
 
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