Keyword: Russia

Russia Warns Israel against Military Strike on Iran

Video Russia's foreign minister, Sergei Lavrov, has said that any possible Israeli military strike against Iran would be a very serious mistake, adding that such action would have unpredictable consequences.  Lavrov's comments followed an Israeli threat by President, Shimon Peres, that an attack on Iran is becoming more likely. It also comes after Western diplomats were briefed on a report by the IAEA detailing Iran's nuclear capabilities. The report alleges that Iranian engineers have had...

On South Africa Becoming a BRIC: Don't Get a Brick Thrown at You

Picture: Steve Crane Saliem Fakir - On the international scene South Africa plays diplomacy for high stakes. Often in the name of Africa and for itself, but this may receive some heckles from those who know that the game of diplomacy is mostly about enlightened self-interest, as the WikiLeaks diplomatic cables more than capably demonstrate. South Africa’s joining of the BRICS group (as it will henceforth be known since the announcement of South Africa’s membership to the group on Christmas eve last year),...

Rethinking the Idea of the South: A New Class Division and Rivalry Is in the Making

Picture: Engineering News Saliem Fakir - They go by different names: IBSA (India, Brazil and South Africa), BRIC (Brazil, Russia, India, and China) and BASIC (Brazil, South Africa, India and China). These formations all amount to more or less the same thing: the new “emerging economies” seeking to redefine relations between themselves and the rest of the world. They are widely seen as new symbols of power in the global arena. The shaping of the alliances between these powerful new emerging economies raises...

Will the Dollar Survive Its Current Dive?

Absolutely, says Professor Leo Panitch who teaches political economy at York University in Canada. "The American dollar is not going away as the global reserve currency. There is nothing that can possibly replace it," contends Panitch. The current speculation around the dollar needs to be seen in context, he says.  That context is:  Structurally, to be a global reserve currency, a country must have deep domestic financial markets and enormous institutional financial...

The Geopolitics of Energy in Eurasia: Oil, Gas and the Real Afghan War

Picture: TomDispatch.com Pepe Escobar - As Barack Obama heads into his second hundred days in office, let's head for the big picture ourselves, the ultimate global plot line, the tumultuous rush towards a new, polycentric world order. In its first hundred days, the Obama presidency introduced us to a brand new acronym, OCO for Overseas Contingency Operations, formerly known as GWOT (as in Global War on Terror). Use either name, or anything else you want, and what you're really talking about is what's happening on the immense energy...

No Good Guys in Russia-Georgia War

Picture: www.progressive.org Matthew Rothschild - Russia and Georgia must immediately agree to a ceasefire, and Russia must withdraw its troops from Georgia. Both sides must also respect the lives of civilians. That is the bare minimum required by international law. There are no good guys in this conflict. Georgian President Mikheil Saakashvili was reckless to send in the military to subdue the Russian-leaning province of South Ossetia on Friday. And Russia, led by Prime Minister Vladimir Putin and President Dmitry Medvedev, responded...