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Ashgabat and Bishkek navigate US influence and alternatives
The article focused on the increasing competition among major powers for economic and military influence worldwide, highlighted by the G20 meetings in Asheville and the gatherings of the Shanghai Organization in Bishkek. These meetings discuss the impact of U.S. sanctions on Iran and other countries, with an emphasis on Asian and Eurasian efforts to reduce their reliance on the Western financial system, especially in the context of secondary sanctions targeting parties that deal with sanctioned states. The article also highlights the challenges in building alternative payment networks and the time and trust needed to reduce dependence on the dollar. While U.S. financial influence remains strong, rising tensions are leading to a redefinition of the balance of power in the international trade and energy networks.
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