Commentary: West Overreaching Itself On Russia
Posted by satyrikon στο Μαρτίου 27, 2014
March 26, 2014
West overreaching itself on Russia
The White House announced on Monday that Russia’s participation in the G8 was suspended. The decision made after US President Barack Obama’s talks with other Western leaders was interpreted as having kicked Russia out of the group. Russia joining the group in the 1990s was a «reward» that the West granted to Moscow for its democratization efforts. Now the G8 has shrunk to G7 again, leaving the relationship between Russia and the West back to its starting point.
However, the G7 is no longer the group of leading industrialized nations which once accounted for over 70 percent of the global GDP and Russia isn’t the country plagued by debt and begging for Western assistance it used to be. Not only has the G20 outweighed the G8, but new emerging groups such as BRICS are also undermining its influence. The G8…
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