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The Great Game Changer: Belt and Road Intiative (BRI; OBOR)

Looks like US-Russia sanction war is benefiting the Chinese most

And the only loser will be us thanks to our spineless puppet politicians. The US successfully put a wedge between us and our neighbour without giving us a better alternative in all aspects, no alternative market, not alternative source of energy, no nothing but a poisoned neighbourhood for decades to come. :(
 
And the only loser will be us thanks to our spineless puppet politicians. The US successfully put a wedge between us and our neighbour without giving us a better alternative in all aspects, no alternative market, not alternative source of energy, no nothing but a poisoned neighbourhood for decades to come. :(

well you can still be happy that your fooking Germany,the Industrial Giant of Europe & the leader of EU,Russia can't possibly ignore you.You will find a way to make up with the russkies
 
well you can still be happy that your fooking Germany,the Industrial Giant of Europe & the leader of EU,Russia can't possibly ignore you.You will find a way to make up with the russkies


Why do you call my country fooking? :angry:

With the current spineless leaders (vicious tongues say Merkel and Gauck is Honecker's revenge) there is no way to mend our relationship with Russia.
 
current spineless leaders (vicious tongues say Merkel and Gauck is Honecker's revenge) there is no way to mend our relationship with Russia.

Forgive me,i should rephrase my comment.What i meant was that you can still be happy that you are Germany.Fooking or Fu*king as the original word goes is not always used as a abuse,For eg Fu*k yeah i won the game [this doesn't means **** the game but rather to express how happy you are that you have won the game]
 
The lesson comes too late for the United States, but there it is: after the US abandoned its military base and its foreign policy influence in Iceland in 2006, both Russia and China are now showing how keen they are to fill the void and take advantage of the growing strategic importance of the island nation at the edge of the Arctic Circle.

It is more than just tiny Iceland’s rich fisheries and potential undersea mineral wealth that is attracting both the largest country in the world and the most populous.

In April last year, China agreed a free trade deal with Iceland, an independent nation of 320,000 people which refuses to join the European Union, the first such deal signed with any European state.

Meanwhile Beijing has been less keen to lock up a free trade deal with the EU, allowing negotiations pushed by Brussels to stall.

One thing driving the Chinese to get friendly with Iceland is the warming of Arctic waters. A thaw in the ice looks set to open what would the shortest sea route from Chinese factories to European ports, over the top of Russia.

In September last year, the 19,000 tonne Yong Sheng, the first Chinese ship to transit the Northeast Passage, completed her voyage, which the Financial Times called "historic…many hope that the Yong Sheng’s voyage presages a new era for the global shipping industry."

The two week voyage took half the time of the traditional southerly route from Busan, in South Korea, to Rotterdam.

This new Asian trade route makes Iceland look less far-north and more dead-strategic.


Now Russia has now signalled it, too, means bussiness in Iceland. President Putin’s government has appointed its most high-powered Arctic affairs specialist as ambassador to Reykjavik. Anton Vasiliev, a foreign ministry heavy-weight with a PhD in Economics from the USSR Academy of Sciences. He speaks Chinese, English and French. He has a CV heavy with nuclear disarmament negotiations along with experience in China and a posting to the United Nations. He was Russia’s most senior official at the Arctic Council from 2008 until his appointment to Reykjavik.

The Arctic Council, as Breitbart London reported earlier this month, is the organisation which brings together the eight nations with sovereign territory in the resource-rich Arctic region. The council is currently the target of French demands that the EU seize influence on the council, demands that are likely to fail because the council is dominated by Russia, the US and Canada.

Other members are Iceland, Finland, Norway, Sweden, and Denmark, which includes Greenland and the Faroe Islands.

So the EU is looking shut out of the Arctic, as the US is looking shut out of Iceland.

It didn’t have to be this way for America (Brussels is shut out and deserves to be after its bullying attempts to force Iceland to join the EU).

Hjörtur J. Guðmundsson, an Icelandic historian and journalist, wrote in February in Alaska Dispatch News: “The aim of the EU and China has in fact been to fill a certain vacuum of influence which was created after the United States military gradually withdrew from Iceland after the Cold War and then finally left in 2006.”

“Since World War II, Iceland has been considered in an American zone of influence but the withdrawal of the US military has resulted in a number of Icelanders looking more towards other parts of the world for security and support as well as trade.”

“The U.S. military was in Iceland for about six decades as the country continued to serve an important role during the Cold War in keeping an eye on Soviet military activities in the North Atlantic… Today Iceland’s strategic importance is rather economic and geopolitical than from the military point of view.”

Guðmundsson says the Icelandic government “has the policy of seeking stronger ties with the U.S.”

But somehow it is Russia and China who are seeking stronger ties with Iceland. What about America?

Iceland Could Become Russia and China's 'Secret Weapon' Against U.S.


Atlantic-Council_foredrag_Slide-1.jpg


Yes, in the Future Iceland will become more Strategic.
Good Move by China and Russia
:china:
 
Hardly. Iceland is protected by no other than the US Armed Forces, and NATO detachments.
 
Hardly. Iceland is protected by no other than the US Armed Forces, and NATO detachments.

Hjörtur J. Guðmundsson, an Icelandic historian and journalist, wrote in February in Alaska Dispatch News: “The aim of the EU and China has in fact been to fill a certain vacuum of influence which was created after the United States military gradually withdrew from Iceland after the Cold War and then finally left in 2006.”

:-)
 
Hjörtur J. Guðmundsson, an Icelandic historian and journalist, wrote in February in Alaska Dispatch News: “The aim of the EU and China has in fact been to fill a certain vacuum of influence which was created after the United States military gradually withdrew from Iceland after the Cold War and then finally left in 2006.”

:-)

Read carefully, dear. Mr. Guomundsson is a historian and journalist. Most probably a paid mouthpiece. Our journalist friend is not speaking in behalf of the Icelandic Government , nor does he know anything about official policy. Mere subjective hearsay.

Let's refer to official agreements, shall we?


In 2006 the U.S. announced it would continue to provide for Iceland's defense but without permanently basing forces in the country. That year, Naval Air Station Keflavik closed and the two countries signed a technical agreement on base closure issues (e.g., facilities return, environmental cleanup, residual value) and a "joint understanding" on future bilateral security cooperation (focusing on defending Iceland and the North Atlantic region against emerging threats such as terrorism and trafficking). The United States also worked with local officials to mitigate the impact of job losses at the Air Station, notably by encouraging U.S. investment in industry and tourism development in the Keflavik area. Cooperative activities in the context of the new agreements have included joint search and rescue, disaster surveillance, and maritime interdiction training with U.S. Navy and U.S. Coast Guard units; and U.S. deployments to support the NATO air surveillance mission in Iceland.

Reference: Iceland
 
I love how Tom Clancy describe Iceland's in Red Storm Rising
 
They already have Cuba in the area, sure one more could help I guess.
 
Yeah, I highly doubt that Iceland will let Russia or China take over Icelandic security in any way shape or form.

The day Iceland lets Russian or Chinese military personnel on their Island in any permanent way, is the day their economy collapses.
 
And the only loser will be us thanks to our spineless puppet politicians. The US successfully put a wedge between us and our neighbour without giving us a better alternative in all aspects, no alternative market, not alternative source of energy, no nothing but a poisoned neighbourhood for decades to come. :(

That's what happens when you don't have an independent foreign policy. EU is getting blackmailed by the US. EU is a spineless group.
 
Iceland is the most strategically located country in the world. Relations need to be constantly upgraded and taken to new heights.
 
Russia, China agree more trade currency swaps to bypass dollar

The Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.

The draft document between the Central Bank of Russia and the People’s Bank of China on national currency swaps has been agreed by the parties,” and is at the stage of formal approval procedures, ITAR-TASS quotes the Russian regulator’s office on Thursday.

The Russian Central Bank is not giving precise details on the size of the currency swaps, nor when it will be launched. It says this will depend on demand.

According to the bank, the agreement will serve as an additional instrument for ensuring international financial stability. Also, it will offer the possibility to obtain liquidity in critical situations.

The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,the Russian regulator said.

Currently, over 75 percent of payments in Russia-China trade settlements are made in US dollars, according to Rossiyskaya Gazeta newspaper.

READ MORE: Russian companies ‘de-dollarize’ and switch to yuan, other Asian currencies

In early July, the Central Bank’s chairwoman Elvira Nabiullina said Moscow and Beijing were close to reaching an agreement on conducting swap operations in national currencies to boost trade. The deal was later discussed during her trip to China.

President Vladimir Putin, during his visit to Shanghai in May, said cooperation between Russian and Chinese banks was growing, and the two sides were set to continue developing the financial infrastructure.

Work is underway to increase the amount of mutual payments in national currencies, and we intend to consider new financial instruments,” Putin said after talks with President Xi Jinping.

Later on, during his meeting with leading international news agencies on the sidelines of the St Petersburg’s economic forum, Putin said that Russia and China had made “the first modest steps” in using national currencies in international settlements. He added that the two countries were going to continue exploring opportunities for working together.

A currency swap is widely used and allows simultaneously exchanging a specific amount of one currency for another currency with two different settlement dates.
 
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