Eurasia as We Knew it is Dead - Pepe Escobar

Move over, Cold War 2.0. The real story, now and for the foreseeable future, in its myriad declinations, and of course, ruling out too many bumps in the road, is a new, integrated Eurasia forging ahead.

China’s immensely ambitious New Silk Road project will keep intersecting with the Russia-led Eurasia Economic Union (EEC). And that will be the day when the EU wakes up and finds a booming trade/commerce axis stretching from St. Petersburg to Shanghai. It’s always pertinent to remember that Vladimir Putin sold a similar, and even more encompassing, vision in Germany a few years ago – stretching from Lisbon to Vladivostok.

It will take time – and troubled times. But Eurasia’s radical face lift is inexorable. This implies an exceptionalist dream – the U.S. as Eurasia hegemon, something that still looked feasible at the turn of the millennium – fast dissolving right before anyone’s eyes.

A few sound minds in the U.S. remain essential as they fully deconstruct the negatives, pointing to the dangers of Cold War 2.0. The Carnegie Moscow Center’s Dmitri Trenin, meanwhile, is more concerned with the positives, proposing a road map for Eurasian convergence.

The Russia-China strategic partnership – from energy trade to defense and infrastructure development – will only solidify, as Russia pivots East and China pivots West. Geopolitically, this does not mean a Moscow subordinated to Beijing, but a rising symbiotic relationship, painstakingly developed in multiple stages.

The BRICs – that dirty word in Washington – already have way more global appeal, and as much influence as the outdated G-7. The BRIC New Development Bank, ready to start before the end of 2015, is a key alternative to G7-controlled mechanisms and the IMF.