Business Buzz: Keeping enemies close, and friends closer

Business Buzz: Keeping enemies close, and friends closer

It has been 21 days since the war between Israel and Palestine began, and almost a year and a half since the war in Ukraine reached its boiling point. Since then, we have seen the power struggle between the three main powerhouses on the global stage. The U.S., Russia and China have begun moving their pieces strategically across the board trying to defend their allies, or to take control of a different square. These moves can include many different strategies: new economic trade deals, diplomatic and cultural exchanges between these countries.

         Since the invasion of Ukraine in 2022, Russia has been on a search for new ties with different countries. They are involved in BRICS, the eastern version of NATO, where they have begun surpassing the West recently. They are aligned with Brazil, India, China and South Africa, some of the world’s fastest growing economies, and Russia has begun linking their goals with these key players, especially with China. Russia and China have just renegotiated and resigned a trade deal regarding oil, enriching China’s banks and Russia in the process. The trade between these two countries has grown to 40% during Russia’s invasion, but it doesn’t remain there. Iran has been a quiet ally of Russia for years, and according to different sources, they have been accepting Russian money for years. Though with Iran’s backing as Russia invaded Ukraine, a strange correlation occurred where Hamas ramped up the hostilities on the Israel border. Russian allies and Russia itself have found themselves in a peculiar position, forging this new alliance into an unbreakable bond.

The U.S. has been reorganizing their partnerships and has been finding new ways of increasing friendship between themselves and other foreign players. The U.S. has seen an increase in reliance from its European allies since the invasion of Ukraine and now the need to find a way to defend Israel from the Palestinian counterattacks. The U.S. and Chinese economic ties have now become testy since the start of the Israel-Palestinian conflict and the knowledge of China stealing tech and using it to spy on the U.S. Furthermore, Russian and the U.S. relations have become one of tariffs and accusing each other’s, and their respective friends, out in International Councils. With the China and Russian relationship growing, the U.S has had to look elsewhere to find possible allies, such as India. India, like other countries, finds a prospective deeper friendship with America economically and globally enticing. Though America seems to be focusing on maintaining their current alliances, and has made no efforts of expanding, but more of isolation.

China has now begun flying their jets over our and our allie’s air territory. With their recent rise to becoming the competing superpower in the global political game, China has been backing their fellow BRICS member Russia now for several years and has been a known Palestinian ally since the 1960s. Currently, they have begun to renegotiate trade terms with many Middle Eastern and African countries and Argentina has now entered into the conversation. This would give China priority regarding oil shipment, and most importantly in regard to foreign politics when it comes to America and her allies. The one thing all these countries have in common is they all do not like America and view the West as something that is harming their countries. BRICS say that they will represent the voice for emerging countries everywhere, as China begins moving her Navy and Airforce into American allies’ territory. China knows that at some point America must respond to several of these different acts, but they also know that they have the strategic advantage of working decades to make one of the world’s biggest armies. They are now just waiting for the U.S to make a move.