Russia’s Historic State Visit to the UAE and Saudi Arabia Signals a Massive Geopolitical and Economic Shift is Accelerating
Right on the heels of China’s historic visit to Saudi Arabia, today’s landmark state Power Visit by Russian President Vladimir Putin is charting a new course in geopolitics, converging the strategic interests of BRICS with the Middle East.
The primary focus becomes obvious and lies in challenging the dominance of the US Dollar in the international financial system and forging an independent economic trading alliance.
The Agenda is Clear: Nothing Short of De-dollarization and a Financial System Reset
The key agenda items for the meetings in the UAE and Saudi Arabia during Russian President Vladimir Putin’s historic visit include:
- Solidification of strategic alliances between Russia, BRICS, and Middle Eastern nations.
- Showcasing a commitment to forging an independent economic trading alliance to challenge the dominance of the US Dollar in international transactions.
- Exploration of common ground in Head of States relations, Foreign Policy, Non-Dollar currency and Financial Policy, Industrial Policy, Nuclear Cooperation, Artificial Intelligence (AI), Space Development, and International Direct Investments.
- Coordination among Russia, Saudi Arabia, and the UAE to maintain stability in the global oil market.
- Emphasis on trade, economic, and investment fields to strengthen economic ties.
BRICS and Middle East Strategic Alliance
Putin’s visit to the UAE and Saudi Arabia marks a pivotal moment as BRICS and the Middle East solidify a strategic alliance.
Beyond traditional visits of diplomacy, the power collaboration extends to Head of States relations, Foreign Policy, Non-Dollar currency and Financial Policy, Industrial Policy, Nuclear Cooperation, Artificial Intelligence (AI), Space Development, and International Direct Investments.
Breaking Away from the US Dollar
One of the key facets of this alliance is a shared ambition to challenge the hegemony of the US Dollar. Russia, alongside its Middle Eastern partners, is exploring avenues to conduct trade and financial transactions independent of the conventional fiat currency system dominated by the US Dollar.
The visit underscores their commitment to diversify and break away from the economic influence of the United States.
Intellectual Speculation on New Asset-Backed Trading Currency
Intellectual speculation suggests that BRICS and the Middle East could pioneer a new asset-backed trading currency.
This move aims to establish financial independence from the fiat currency debt system propagated by the United States and its western allies.
The potential creation of a new currency would signify a transformative shift in the global economic landscape, challenging the status quo and providing an alternative to the existing financial order.
Energy Cooperation and Economic Partnerships
A significant aspect of Putin’s visit involves discussions on energy cooperation, particularly within the OPEC+ framework.
Russia, Saudi Arabia, and the UAE, all major players in the energy sector, are exploring ways to maintain a stable and predictable global oil market.
This collaboration not only solidifies economic ties but also positions these nations as influential players in shaping global energy dynamics.
Bilateral Trade Growth and Economic Resilience
Putin highlighted a nearly 68% increase in the turnover of goods between Russia and the UAE in 2022, showcasing the growing economic resilience of this alliance.
The visit to Saudi Arabia further emphasizes bilateral cooperation in trade, economic, and investment fields, reinforcing the economic strength of this emerging alliance.
As the world watches Putin’s historic visit to the UAE and Saudi Arabia unfold, it is evident that a seismic shift is underway.
The convergence of BRICS and the Middle East signifies a challenge to the existing financial order, with the potential creation of a new asset-backed trading currency.
The collaboration not only promises economic resilience but also reshapes the geopolitical landscape, creating a formidable alliance that seeks independence from the US Dollar-dominated fiat financial system.
The List of Key Strategic Attendees from Russia Says it All
The list of key individuals attending the strategic meetings during Russian President Vladimir Putin’s historic visit to the UAE and Saudi Arabia includes:
- Vladimir Putin – President of Russia
- Sheikh Mohamed bin Zayed Al Nahyan – Ruler of the United Arab Emirates (UAE)
- Crown Prince Mohammed bin Salman Al Saud – Crown Prince of Saudi Arabia
- Yuri Ushakov – Presidential Aide to Vladimir Putin
- Dmitry Peskov – Press Secretary to Vladimir Putin
- Sergei Lavrov – Foreign Minister of Russia
- Andrei Belousov – First Deputy Prime Minister of Russia
- Denis Manturov – Minister of Industry and Trade of Russia
- Alexander Novak – Deputy Prime Minister of Russia
- Elvira Nabiullina – Chairman of the Central Bank of Russia
- Yuri Borisov – Head of Roscosmos (Russian Federal Space Agency)
- Alexey Likhachev – Chief of Rosatom (State Atomic Energy Corporation of Russia)
- Kirill Dmitriev – Chairman of the Russian Direct Investment Fund (RDIF)
- Igor Levitin – Assistant to Vladimir Putin
- Maxim Oreshkin – Assistant to Vladimir Putin
- Representatives of Russian Energy Companies – Executives from significant Russian energy companies participating in the talks.
