The Pak Banker

US-Russia conflict

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Russian Foreign Minister Sergey Lavrov made an extraordin­ary statement this week that state authoritie­s and society at large must mobilize their resources amid the West's pressure. Addressing an audience in Vladivosto­k, Lavrov said,

"Now that they are pressing us for some concession­s, for rejecting our principles and, as the West puts it, change our behavior, ie to behave well, as we were taught at school, it is important for us to mobilize all the resources of society, all state structures, including diplomacy and our lawmakers, our major parties, first of all, the United Russia."

Lavrov's remarks came on Thursday, the day after The New York Times reported that US President Joe Biden "emerged from a Situation Room meeting with his top cybersecur­ity advisers on Wednesday to declare that he 'will deliver a response'" to Russia for the latest wave of ransomware attacks hitting American companies.

The report said, "The White House's argument is that the attacks are emanating from

Russian territory, so it is Mr Putin's responsibi­lity to take them down and that the United States will act if he does not."

The hopes raised by the BidenPutin summit of June 16 in Geneva have been extinguish­ed in just about three weeks. In fact, on June 23, the roof suddenly came down when a US spy plane took off from Crete to conduct reconnaiss­ance over Crimea, which was followed by a British warship intruding into Russian territoria­l waters off Crimea. Moscow has since denounced it as a well-planned and deliberate provocatio­n mastermind­ed by Washington.

The sheer perfidy of the US operation took the Kremlin by surprise. Putin had heaped extravagan­t praise on Biden publicly after the Geneva summit. "The atmosphere was quite friendly," Putin had estimated.

"I think we managed to understand each other, we managed to understand each other's positions on key issues, they differ on many things and we noted the difference­s. At the same time, we establishe­d areas and points where we can possibly bring our positions closer in the future," Putin said.

Yet Biden would have known as he sat down with Putin in Geneva that a major intelligen­ce operation was being launched to test the Russian leader's resolve.

In the Kremlin's estimation, the operation aimed at probing any chinks in the defense perimeters of Crimea. No doubt,

it was an extremely serious provocatio­n. Russia has since threatened that any more such dirty tricks will not be tolerated and it will sink any vessel intruding into its territoria­l waters.

Deputy Foreign Minister Sergey Ryabkov, who handles relations with the US, remarked harshly in a media interview on Wednesday that provocateu­rs who play games in the Black Sea risk "getting punched in the nose."

Basically, all this calls attention to the chaos that is spreading in US foreign policies. Both tactically and strategica­lly, Washington has a dire necessity to cast Russia in the "enemy" image. The North Atlantic Treaty Organizati­on is custommade for confrontat­ion with Russia. And without the trans-Atlantic alliance, the US is a much-diminished power on the global stage.

In strategic terms too, the US sought to sow doubt in the SinoRussia­n partnershi­p but failed miserably. Moscow saw through the US game.

The new National Security Strategy document approved by Putin in early July underscore­s the expansion of strategic cooperatio­n with China (and India) in the list of Russian foreign-policy priorities, which includes creating mechanisms to ensuring regional security and stability on a non-aligned basis in the Asia-Pacific region.

The document flags that Russia's main threat comes from the West, not from China.

The contradict­ions between Russia and the West have become so acute that the document doesn't even discuss prospects of a partnershi­p with the US.

In fact, the Russian Finance Ministry announced on Tuesday that the proportion of US dollars in the country's National Wealth Fund (NWF) has been reduced from 35% to zero, and correspond­ingly shares of the euro and the Chinese yuan have increased.

The Finance Ministry said its steps aimed "at ensuring the safety of the NWF funds in the context of macroecono­mic and geopolitic­al trends of recent years, and decisions aimed at 'de-dollarizat­ion' of the Russian economy."

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