The era of abundance is over in world economy. It is the end of cheap energy from Russia (but not not limited to) due to financial sanctions and energy crisis, the end of cheap manufactured goods, primarily from China, and the end of cheap US financial assets due to aggressive interest rates.
With the sanctions imposed on Russia, we now see a very interesting trend – the demise of the US dollar, the national reserve currency. It was at the base of a system that has been in place for over 50 years. Now digital currencies are replacing the SWIFT system, and after the Ukrainian Crisis, this trend has accelerated. So, we see the world system transform from the US dollar economy to diverse financial instruments. This creates room for further cooperation between countries.
As we see the rise of regionalism, as opposed to globalization, in global affairs, Turkey is growing geopolitically closer to Russia. It is much more integrated with the Russian economy. In fact, Turkey could potentially replace Germany as the 3rd biggest importer on the Russian market with monthly exports exceeding 1 million USD.
It is not typical for China to mention other countries in the official documents of the Chinese Communist Party. It is notable however, that the Congress did not mention the West, while the West does mention China quite a lot.
China is now entering the third war: during Trump's presidency, China and the US were in a state of trade war, during Biden's presidency, they entered a technological confrontation, and now, an ideological rivalry is escalating.
China offers the world new ideas that the West is just not ready to discuss as equals. Russia needs to communicate with China: we can have our differences about the future, but this does not mean that we should fight over it.
In accordance with Russian standards and using Russian parts and equipment, India built 2 nuclear objects that have by now produced 77,5 billion kilowatt worth of energy. Meanwhile, 4 more similar objects are being built at the moment.
Russia and India are now joining forces and working to neutralize the Western interpretation of the "green agenda" and present nuclear energy as an irreplaceable and effective component of the future energy cooperation.
Russia-India relations today will not stay static: they will be developing dynamically for decades to come and will become the driving force for building a strategic partnership between the two countries.
We need to prevent "no business as usual" from becoming "no business at all". The strategic stability agenda needs to be protected. Hence. it needs to be compartmentalized.
Unfortunately, unlike the 1960s, today there is little support for détente. However, there is still hope that détente can be combined with the concept of restraint.
A nuclear war is inacceptable, it cannot be won, and it should not be fought in the first place.
At the minimum, we need to preserve and use what we have. The safety net of so many treaties has been cut away in the recent years, such as the CFE, INF, to name a few. Therefore, it is vital to use the existing security mechanisms and their virtue to launch new negotiations.
We need to consider the impact of emerging cyber threats on nuclear security. We need to avoid the potential risk of the impact of disruptive technology at a nuclear age.
My conclusion is, and it is merely an observation: we are closer to nuclear war than at any time in the past 60 years, and that has to give us a sense of urgency. It is important to maintain a dialogue in a deeply polarized environment characterized by little or no trust at all. We must be talking in any form or at any levels to avoid false perceptions and miscalculations. After all, crisis management on nuclear issues is beyond national security, it affects the future of our planet and our survival as species.