The Future Visible in St Petersburg
The Roving Eye, Pepe Escobar, http://www.atimes.com/atimes/Central_Asia/CEN-01-290514.html
The unipolar model of the world order has failed – Vladimir Putin, St Petersburg, May 22, 2014
In more ways than one, last week heralded the birth of a Eurasian century. Of course the US$400 billion Russia-China gas deal was clinched at the last minute in Shanghai, on Wednesday (a complement to the June 2013, 25-year, $270 billion oil deal between Rosneft and China’s CNPC.)
Then, on Thursday, most of the main players were at the St Petersburg International Economic Forum — the Russian answer to Davos. And on Friday, Russian President Vladimir Putin, fresh from his Shanghai triumph, addressed the participants and brought the house down.
It will take time to appraise last week’s whirlwind in all its complex implications. Here are some of the St Petersburg highlights, in some detail. Were there fewer Western CEOs in town because the Obama administration pressured them – as part of the “isolate Russia” policy". Goldman Sachs and Morgan Stanley may have snubbed it, but Europeans who matter came, saw, talked and pledged to keep doing business. Asians were ubiquitous....yet another chapter in China’s counterpunch to Obama’s Asian tour in April, widely described as the “China containment tour”.1