RussiaPrussia
07-07-2013, 01:05 AM
Since Russia is now the largest Economy in Europe tough still lying in Asia with another part it shows the huge shift of reality into the Asian century which becomes more and more obvious. 4 of 5 of the biggest economies (http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD/countries/RU-IT-FR-DE-GB?order=wbapi_data_value_2012%20wbapi_data_value% 20wbapi_data_value-last&sort=desc&display=default) lie now in Asia China, India, Japan and Russia none of that is European in the sense under EU.
Yes Russias majority population lies in Europe but its resources are lying in Asia mostly at the border of the Ural including 35 Million people living in Asian part equally to Canada.
the EU is lacking any access to the pacific and the asian market to be seen not only as an economic but also a political power similar to the US and Russia since its not bordering there and neither it has the will, power or money to build carriers and increase its military to have some legitimacy to engage into politics besides the european border like the US can globally.
Russia despite having a lot of problems i think it will profit in the future alone by the fact they are lying on both Continents, they can primarily concentrate on asian markets shifting its resources to asia getting away from western recession similar to australia which had actually never had any problems like other western countries.
When Europe might wakes up from their recession russia can increase trade with them too again but still will probably focus mainly on asia in the long run.
A major shift towards asia is for example (http://articles.timesofindia.indiatimes.com/2013-06-21/europe/40117955_1_sechin-cnpc-oil-giant) the 270 billion Oil deal with china, its as big than the whole economy of greece or norway for example. Thats how large this oil deal is.
Its also very important for china because not only get they more secure oil from russia which has not to pass trough sea where americas carriers are always ready to cripple chinese economy. But its also the biggest non petro dollar deal as both countries stopped trading bilateral agreement using dollar so the deal will be probably done with rubles and yuans, as china is the buyer primarily its yuans. This will strengthen Chinese currency replacing one day the dollar if china opens its currency to become the major global foreign currency printer.
This could be the EU years ago if they would be more aggressively towards the dollar. Or better yet if russia would belong to the Eurozone the trade would be only done in € as they would be a domestic market. The ECB with russias resources could print as much money as they can because it doesnt have to worry about higher fuel prices as russia would still be a domestic source for resources which would be dealt in euros instead foreign dollar on global markets. Thats why the FED is so aggressive in their policy because america has always cheaper energy less or no imports unlike the Eurozone which has no resources at all, thats why ECB is always cocious about devaluing the Euro.
Yes Russias majority population lies in Europe but its resources are lying in Asia mostly at the border of the Ural including 35 Million people living in Asian part equally to Canada.
the EU is lacking any access to the pacific and the asian market to be seen not only as an economic but also a political power similar to the US and Russia since its not bordering there and neither it has the will, power or money to build carriers and increase its military to have some legitimacy to engage into politics besides the european border like the US can globally.
Russia despite having a lot of problems i think it will profit in the future alone by the fact they are lying on both Continents, they can primarily concentrate on asian markets shifting its resources to asia getting away from western recession similar to australia which had actually never had any problems like other western countries.
When Europe might wakes up from their recession russia can increase trade with them too again but still will probably focus mainly on asia in the long run.
A major shift towards asia is for example (http://articles.timesofindia.indiatimes.com/2013-06-21/europe/40117955_1_sechin-cnpc-oil-giant) the 270 billion Oil deal with china, its as big than the whole economy of greece or norway for example. Thats how large this oil deal is.
Its also very important for china because not only get they more secure oil from russia which has not to pass trough sea where americas carriers are always ready to cripple chinese economy. But its also the biggest non petro dollar deal as both countries stopped trading bilateral agreement using dollar so the deal will be probably done with rubles and yuans, as china is the buyer primarily its yuans. This will strengthen Chinese currency replacing one day the dollar if china opens its currency to become the major global foreign currency printer.
This could be the EU years ago if they would be more aggressively towards the dollar. Or better yet if russia would belong to the Eurozone the trade would be only done in € as they would be a domestic market. The ECB with russias resources could print as much money as they can because it doesnt have to worry about higher fuel prices as russia would still be a domestic source for resources which would be dealt in euros instead foreign dollar on global markets. Thats why the FED is so aggressive in their policy because america has always cheaper energy less or no imports unlike the Eurozone which has no resources at all, thats why ECB is always cocious about devaluing the Euro.