The meeting between US President Obama and Indian Prime Minister Modi is a clear statement that India is finally shedding ambiguity from its foreign policy and making tough choices, a stance that’s putting Beijing on guard.
India knows what to get and from whom, Dr. Sreeram Chaulia of the Jindal School of International Affairs told RT. It wants to hedge its bets and build close relations with BRICS, while trying to attract investment from the US and Europe, he said.
The creation of a joint Russian-Chinese credit rating agency will balance the global outlook and give the world an alternative view on how credit ratings should be done, Chinese international relations expert Victor Gao told RT.
The Nicaragua Canal can become an alternative route through Central America for China and Russia, as well as an alternative route for potential military use right in America’s backyard, international consultant and author Adrian Salbuchi told RT.
BRICS could emerge as a voice for an alternative world view and development model as there is a good scope to take the relationship forward, Rajiv Sikri, former secretary at India’s Ministry of External Affairs, told RT.
The West was hoping that sanctions and the falling ruble would force Russia to shift its policy, but Putin made it clear during his Federal Assembly address that Russia will continue its course, Mark Sleboda of Moscow State University, told RT.
The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig.
BRICS countries’ leaders are disappointed by the US block on IMF reforms to help developing countries have more influence internationally. They called for the G20 to ratchet up pressure if America doesn’t ratify the 2010 IMF reform by the end of the year.