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Thursday, March 22, 2018

Putin and Jinping in China “leveled” the theme of the DPRK nuclear test

Oddly enough, once the aggravation of the situation on the Korean Peninsula did not change in the agenda of a summit of the BRICS (Russia, China, South Africa, India and Brazil), opened in Xiamen Chinese. The host of the meeting, XI Jinping and Vladimir Putin at the meetings of the five remained silent, although it is obvious that Pyongyang did both not the most pleasant gift.

photo: kremlin.ru

If the previous launches were confined to events involving the Western “aggressors” and held in their territory (for example, to the Big twenty in Hamburg), the last test of a hydrogen bomb took place exactly on the eve of the BRICS summit of the organization, calling for dialogue and not war with the regime.

This unpleasant circumstance immediately forced the world to doubt that Russia and China are actually in control of the situation and understand what is really happening in the Northern part of the Peninsula. And Japanese Prime Minister Shinzo Abe, without waiting for scheduled for the 7 September meeting, decided to call Putin directly to Xiamen, to Express their concerns.

Even the miser, the press service of the Kremlin, published the results of this conversation leaves no doubt – the conversation was difficult. Putin had to persuade Abe, “strong emotions”, “to act calmly and carefully”, based on the fact that the problem of the Korean Peninsula has no military solution.

According to the press-Secretary of President Dmitry Peskov, the situation in the DPRK subject to the test of a hydrogen bomb were also discussed at the bilateral meeting of Putin and XI Jinping, but the recent events did not affect their position. “They noted the importance of all parties to show restraint and focus on the search for a solution only through political and diplomatic means”, – said Peskov.

Putin aide for international Affairs Yuri Ushakov told reporters that the “road map” developed by Russia and China, provides “concrete steps” and the “intensification of efforts on the diplomatic track”, but what are the efforts in question are not known. The necessity of holding direct talks with the DPRK leadership or the telephone conversation of Putin with Kim Jong-UN, in the Kremlin deny.

Abandoning the public discussion of the main topics on the global agenda, the leaders of the BRICS in the end focused on the development prospects of their own organization. Opening the summit, XI Jinping stressed that the Union of the five countries will find a “Golden decade”: not by chance meeting in Xiamen is held under the motto: “Towards a great future.” It will be great in the fact that instead of a unipolar world led by the United States came multipolar, part of which is the BRICS. “The law of the jungle does not work and does not correspond to the logic of time”, – said the Chairman of the PRC. He recalled that on the eve of the summit in Shanghai has opened the headquarters of the New development Bank (NDB) of BRICS, which, according to experts, was designed as an alternative to the US-controlled IMF and world Bank.

– Russia has received from the Bank of the BRICS funds for three projects – in turn, told their colleagues Vladimir Putin, – It is about improving the judicial system, the construction of the road under the Ufa and modernization of the objects of the Volga basin.

Capitalization of NBI, according to the decision of the founders to be $100-200 billion, While each of the five participants made only $2 billion. China does not want to take the time and the financial capabilities of other countries is now limited. Russia’s economy is just beginning to overcome the consequences of the crisis, though Putin in his speech was not shy, announcing a record reducing inflation and achieving sustainable growth for all baselines.

Among the immediate tasks of the BRICS Bank – a credit rating. This will enable it to issue securities on the market States “of the five. In addition, we need to move on lending in national currencies of the BRICS “, – called on the summit Vladimir Putin.

While the NBI has two ratings from the Chinese agencies, international ratings will give him the opportunity to raise funds not only from the founding countries, but also in other markets. “The shift to lending in national currencies automatically removes currency risk from the borrowers. For Russia, this point is extremely relevant, given the difficult relations with the United States,” – says the expert of the RISS Sergei Karataev.

I must say that the BRICS countries have long advocated the rejection of the us dollar, but more or less succeeded, only China, trading with partners in yuan. Even speaking at the summit, XI Jinping, the word “dollar” is almost never mentioned, in terms of amounts, denominated in national currency. In particular, Beijing has decided to allocate 500 million yuan ($76 million) on a program of trade and technical cooperation. They will go to the support site of electronic Commerce, the launch of which was announced in Xiamen.

In addition, said the head of RDIF Kirill Dmitriev, the business Council actively discussed the possibility of creating crypto-currencies of the BRICS countries as an alternative to other payment instruments. But at the level of heads of state this idea in the best case will be released at the next summit, which will take place in 2018 in South Africa.


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