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Conflicting alliance

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In Russia, the criticism of the economic dogmatism of the ‘financial bloc’ comes from two currents that mostly overlap. The first is Sergey Glazyev, a patriotic who serves on the Eurasian Economic Commission’s Board of Integration and Macroeconomics. Glazyev, whose influence on the Kremlin is constantly speculated (he was one of Putin’s advisers between 2012 and 2019), could take a left-wing stance so much as acted together with the “Left Front” in the 2017 elections. As recently as 20 April 2022, he accused the Central Bank of not knowing the first thing about the credit system and of acting “according to primitive IMF dogmas relying on foreign investment-hungry citizens of the underdeveloped countries.” In many ways, Glazyev is advocating a new New Economic Policy (NEP). A Just Russia’s far-left deputy Mikhail Delyagin and the Communist Party form the second current. They, too, favor nationalizations and a new “Gosplan” in one form or another.

Sergey Glazyev with Putin

But in addition to crossing each other, these two overlapping currents also interact with the “financial bloc.”

The Central Bank and the Ministry of Finance are the two institutions that make up the “financial bloc.” At the very least, it is clear that the Central Bank has made an unmatched effort to overcome the crisis (within capitalism, of course). In actuality, the praise and even admiration given by European, and US financial institutions demonstrated that its efforts had been somewhat successful. But given that the Central Bank, which prior to February 24 was the “regulator” (i.e., policymaker), is now becoming a “technician” (i.e., practitioner), this inflationist praise and achievement should also be seen as an indication of the breakdown of the conventional “financial bloc”. It was no accident that in early June the attack of economists on the Central Bank for failing to depreciate the ruble was prompted by one of most audacious defenders of the “financial bloc”, RBK, a media conglomerate particularly specializing in economic news.

I have often dwelled on the dogmatism of this bloc. However, at least two instances illustrating the extent of dogmatism should be provided. When we look at these examples, we will also see how internal conflicts work and which factors limit them.

Default

First off, the Ministry of Finance, if not the Central Bank, employed every means to prevent saying that Russia had defaulted, including continuing to pay Eurobonds in foreign currency. Moreover, apart from the irresistible temptation of paying off the creditor, the Ministry had a potent ally: PIMCO (Pacific Investment Management Company). According to data from Tinkoff Investment Advisory, as of mid-May, PIMCO had sold CDS as insurance policies to Russia’s $3.1 billion in foreign debt bonds, demonstrating how confident it was that the country would not go into default. Furthermore, PIMCO had invested roughly $1 billion in credit risk premium (CDS) in Russia last year alone (The seller’s promise to pay the buyer the difference between the nominal price and the market price of these bonds in the event that the issuing nation defaults is known as a “bill” or “derivative”). In order to avert a possible loss, PIMCO was forced to advocate “let them pay”. However, neither the voice of money nor PIMCO’s lobbying efforts were able to prevent it from happening. The bond payments had to halt when the US Treasury Department eventually blocked the OFAC license on May 25. The next installments due on June 24 could not be made, which led to what Medvedev called a “political default.”

However, the world did not come to an end because it was seen that the fixation with default was founded, like all obsessions, on an entirely nonsensical justification. As a matter of fact, payments that were unable to be fulfilled were no longer in the news in the days that followed.

Let’s not forget the other performer on the stage, by the way. PIMCO doesn’t appear to lose money. One of the defining characteristics of the neoliberal period, which worships the financial god, is the use of “derivatives” or risk management coupons, etc. These are ways to extract surplus value through speculation, but more crucially, the forces that drive the market are playing in an echo chamber where the house always wins. The CDS committee, established by the huge businesses that market CDS policies, decides if a nation defaults. Naturally, there was no market left after the US Department of Finance blocked the OFAC license. What should poor PIMCO and poor Golden Sachs do when there is no market, no way to ascertain the market price, and to quantify the difference between the nominal price and the nominal price? How would they determine how much to pay? Thus, the CDS committee asked the US Treasury for permission to auction Russian government bonds and was granted it. As a result, the price of the bonds at the auction shot up by 48 to 56 percent. Coincidentally (!), PIMCO and Golden Sachs purchased the majority of them.

As a result, both the asset owners and the asset insurers are now the same. This implies that as long as Russia continues to declare, “I owe my obligation,” modern alchemists will continue to triumph. They will prevail thanks to 340 billion dollars in reserves, even if Russia writes off their debt. In this situation, individuals who own the bond and furthermore sell its derivative may even find the default to be a seductive opportunity. That is nothing meaningful, even if they lose. When compared to PIMCO’s $2.2 trillion trading volume, which is based on data from late 2021, who cares about a few billion dollars?

Leasing

Another example is the leasing problem; this time, the Ministry of Finance had some success in its struggle to keep making payments at the expense of the Treasury. The issue was whether to keep making the leasing payments to foreign firms that have left the Russian market and, thus, failed to fulfill their contractual obligations (at a cost of 350–400 billion rubles annually) by stopping manufacturing, importing, maintaining, and supplying spare parts and, or to declare moratorium. At the end of October, Prime Minister Mishustin authorized Deputy Prime Minister Manturov and Transport Minister Savelyev to make a decision on this matter. Based on the “expert report,” the Ministry of Transport gave an unfavorable judgment, and the Ministry of Finance seconded it. However, the “expert” committee’s members, who wrote the report, were representatives of foreign firms withdrew from the Russian market. It was such out in the open that Mishustin was forced to step in and partially fix the “issue”. Accordingly, payments are to be reduced. But there is still a problem with the availability of maintenance and supply of spare parts for leased vehicles. For this, robust routes with parallel exports through Turkey and -mostly- Iran are needed. As for leasing payments, the final word has not been said yet. It will be had by the representative of the “import substitutionist bloc,” Deputy Prime Minister D. Manturov.

Denis Manturov

This is a crucial example in terms of demonstrating how determined the ministries are to remain in the global capitalist system. The conflict began when Soviet industry, or economic independence, collapsed in the face of low-cost Western goods. Now they have to rebuild all over again. Either they must find other cheap suppliers, like China (but shifting the supply chain is a difficult task and China, which is equally dependent on the global capitalist system, is not very willing to do this). Or, they have to preserve their dependency in a way that keeps the wolf from the door with the hope of that that the crisis will be resolved soon.

Three options

The three options don’t differ significantly from one another, though. The phases of putting these options into action overlap. If we consider those who advocate for rebuilding to be the most radical, they are partnering with the “import substitutionist bloc” to make the gradual transition since they cannot do it again in a short time and must find a cheap supplier. And import substitutionists who wish to move their supply chain to the east cannot do so in a short time; instead, they must rely on the pro-imperialist system’s supporters who barely hold their end up until the issue is fully resolved.

This contradictory transitivity between the parties and this conflicted unity continues in all aspects of economic life. Consider dividends received by large corporations.

The first group, whether from the political “right” (pro-military) or left (popular), wants to fully halt these payments and keep using the profits of large state corporations to finance the budget. Furthermore, they believe that this situation is unavoidable because oil and natural gas revenues will certainly be threatened by sanctions, at which point they will either appeal to the bourgeoisie or the people for funding.

The second group is also aware of this, but they cannot afford to alter the capital structures of these businesses since their political objective is the ascent of the middle bourgeoisie through the exploitation of other classes, particularly the big bourgeoisie. However, this can only be accomplished within the capitalist system, whereas the first group’s radical solution entails closing one of the channels through which the middle bourgeoisie can rise.

This is where the third group enters the picture. In order for the capitalist system to survive, the stock market must continue to run. This can happen only if the giant state corporations that serve as the driving force behind the Russian economy continues to pay dividends, that is, they should keep feeding their local or international big bourgeois. As a result, a solution is found that keeps the conflict peacefully. Dividend payments are somewhat restricted but not entirely stopped. Due to “overlapping interests,” the second group gains the most from this, but also the other two.

Balance

The balance has been established so that under the terms of the sanctions, those who advocate paving the way for the middle bourgeoisie are in an favorable position. But the others are not desperate, though. Why?

1) Politically, the left is not opposed to a new rise of the middle bourgeoisie, as it may lead to the NEP, the golden age for the leftists. What was the NEP? “A tiny retreat for a big leap”, to quote Lenin. It is the first link in the process of rebuilding the USSR, which was on the verge of economic collapse, after the “war communism” era. It is the emergence of the petty and middle bourgeoisie under complete state control while the large bourgeoisie was suppressed. It is perhaps the most democratic period in Russia since the principality of Kyiv. (The latter leads to a secondary contradiction between the dictatorial “pro-military” wing of the first group and the “popular” wing demanding democracy at the most.)

2) Economically, the right, the “financial bloc”, is not against a new rise of the middle bourgeoisie as long as the interests of the big bourgeoisie are safeguarded. Because the big bourgeoisie will swallow the others anyway if these interests are preserved. Moreover, if the concessions envisioned by the second group are realized, they will be swallowed by a more fattened big bourgeoisie, which is particularly appealing.

Conflict and predictability

At the November 16 Cabinet meeting, Putin inquired as to whether the Ministry of Finance had given its approval before approving Denis Manturov’s request to expand the car loan program to include military personnel and partial mobilization conscripts. This was noteworthy because it demonstrates that the powers of the ministries are split by distinct boundaries and how, in the conflicts between them, the approval of the ministry in charge is sought first rather than the president’s. This is not an isolated instance. The likes frequently happen; especially in the conflicts between finance and industry, and between the “military bloc” and others.

It also points out that one of the most meaningless concepts of bourgeois political science, “totalitarianism”, which has become so fashionable these days, actually has no objective foundation because there is nothing like the application of “total” authority at all. Contrarily, the jurisdictions are established with distinct borders. Unless there are exceptional circumstances, the president does not meddle in these divided powers. The act of establishing boundaries does not result from a situation in which people gather to discuss the best form of “governance”. Rather, the lines are drawn because the conflict aiming at different political and social objectives continues and rules are set to prevent the conflict from spiraling out of control.

For this reason, I have always found absurd the tendency to explain Russia’s state decisions (in any area from militarism to foreign policy, from economic policy to the fate of offshore calculations) with the momentary, unpredictable, surprise decisions of a group of “totalitarian” decision makers. Politics is so determined with clear lines, and the institutions’ authority is so thoroughly defined to avert conflict to lead to war, therefore, few surprises are encountered. As a result, grasping the process only depends on understanding the conflict.

Conflict of authority and temporary retreats

The blocs jealously guard their authority, one another’s meddling is unwanted and repulsed even stingingly.

The “military bloc” and the “financial bloc” came into such a conflict at the end of April. General Secretary of the Security Council “Mr. Siloviki” Patrushev said that they were developing a financial system in which the ruble would be pegged to the currency basket and gold, but Central Bank Governor Nabiullina categorically denied this with almost an off-protocol discourse.

This really is a crucial matter. Suppose that contracts for international trade with Kazakhstan as a “friendly” or even an ally nation can and are made in rubles and tenge, but in any case, a “universal equivalent” (we are forced to use Marxist terminology) is needed by which these sums in rubles or tenge are evaluated. How about this universal equivalent? If “de-dollarisation” in global trade is not (and it is not) just a nice rhetoric, something else must be found. The “finance bloc,” which was still looking for methods to stay within the imperialist system, rejected Patrushev’s plan, which called for this to be a basket of gold and foreign currency, while the “military bloc” withdrew to prevent usurpation. However, this was the inevitable conclusion of the process. The following was reported by RBK on November 19: “One of the sources of RBK claims that even if commerce with Kazakhstan is conducted in national currencies, how many rubles will equal to one tenge is determined by the dollar rate of the tenge. For this reason, banks are collaborating with the Central Bank and the Ministry of Finance on a project that will allow some departure from cross-currency calculations.” The “financial bloc” appears determined to avoid even indirectly returning to the gold (or oil) standard, instead attempting to create a “currency basket” that is nothing but a hybrid dollarization. At least for now, the “financial bloc” assures to include banks, the sacred altar of the neoliberalist age, into this process.

Will it be a hit or a miss? It is doable. Does it mean the liquidation of dollarisation? No. It is inevitable that a new (one!) universal equivalent will be found if they are determined on this issue (and the troika’s sanction terror pushes them to determination, even if they don’t want to). It doesn’t matter if this equivalent is the “evergreen” gold or yuan or “oil of the earth,” or sheepskin.

The sword of balance

Fine, but where is the Kremlin in this picture? As with military-political issues, the Kremlin adopts a pragmatic attitude on political-economic matters, but this pragmatism is not unprincipled in the latter ones, just as it was in the former issues. In the political-economic matters, the Kremlin seeks to strengthen the middle bourgeoisie on the account of the big bourgeoisie, just as it is resolved to continue the battle until it achieves its minimal political objectives in the military-political issues (which means removing the Kyiv regime from being a current or potential threat to Russia in one way or another). The Kremlin’s current position therefore aligns with the second group; yet the Kremlin is already a conflicting alliance in its own image, as the blocs’ positions may shift in line with the balance of power, but they will keep doing so peacefully.

An example: At the November 16 meeting I mentioned above, Putin did not hesitate to attack the banks, the holy altar of the “financial bloc”: “Banks simply and cheerfully offer minor loans (…) but then these people become eternal debtors. Banks, with all due respect to these financial organizations, drain the lifeblood of the population. Obviously, it is needed to put an end to this.”

Although the Kremlin’s perspective is entirely discernible empirically, there remains a theoretical issue in the middle of the room. This is a problem I have touched on many times before: Bonapartism as a particular kind of authority in post-Soviet Russia.

OPINION

G20 Summit could use a few extra pairs of chopsticks

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Li Yunqi, Journalist
CGTN Radio

“If there’s an extra guest, you have to prepare an extra pair of chopsticks,” – an ancient Chinese wisdom for the upcoming G20 Summit in Rio de Janeiro.

The global economic order is undergoing an obvious shift toward Global South countries, as the International Monetary Fund (IMF) predicts that by 2030, developing economies will account for 60% of global GDP—up from already 50% in 2010. With emerging markets playing an increasingly prominent role at the global “economic table,” the question facing the G20 is clear: Where is the hospitality, and those extra pairs of chopsticks?

Formed in the 1970s, G7, the more “elite” club of G20, was designed to address the economic challenges of its time. At its peak, the G7 nations accounted for 60-70% of global GDP, with the U.S. alone contributing 25%. This dominance made the G7 a natural hub for global economic decision-making.

But as the global economy diversified, so too did the need for governance structures that reflected this reality. By the 1990s, the rapid growth of emerging economies such as China, India, and Brazil reduced the G7’s share of global GDP. Recognizing the limitations of G7 as an exclusive forum, the G20 was established in 1999, incorporating a broader range of voices from across Asia, Africa, and Latin America.

Yet, despite its broader membership, the governance structures of the G20 still tilt heavily toward historically dominant economies, leaving the perspectives of the Global South underrepresented.

In 2023, developing economies attracted about 65% of global foreign direct investment (FDI). Many of these nations boast young populations, in stark contrast to aging demographics in Western countries. For instance, Africa’s median age is 18.8, compared to over 40 in many Western European countries. By 2030, the Asian middle class alone is expected to exceed 3 billion people.

These economic transformations underline the need for more fair and inclusive governance systems. Just as a gracious host ensures there are enough chopsticks for every guest, the G20 must adapt to accommodate the realities of a multipolar economic world.

This is not merely a symbolic gesture. Global South nations have legitimate demands for reforms in international institutions like the United Nations Security Council, the IMF, and the World Bank, all of which remain skewed toward the interests of Western nations. The inclusion of perspectives from emerging economies isn’t just about fairness—it’s about crafting more effective and sustainable solutions to global challenges.

The rise of the BRICS is a case in point. Originally formed as a loose group of emerging economies, BRICS has evolved into a platform for addressing global imbalances, recently expanding to include nations like Argentina, Egypt, and Saudi Arabia. This expansion signals a broader desire among Global South countries for alternative frameworks to the traditional Western-led institutions.

The 2024 G20 Summit in Brazil offers a rare chance to recalibrate global governance. With a host nation that is itself a leader in the Global South, the summit is well-positioned to champion a more balanced approach to decision-making for global affairs.

This does not mean sidelining the priorities of developed nations; rather, it calls for recognizing that the inclusion of diverse perspectives leads to more innovative and equitable solutions. For Western countries, this shift will require letting go of long-held assumptions about leadership and embracing the legitimacy of different economic models and governance approaches.

The Global South’s rise is not about dismantling the established order but about evolving it to reflect the realities of today’s interconnected world. By preparing those extra pairs of chopsticks, the G20 can ensure a more inclusive future—one that respects the voices of all its members, regardless of their economic status.

Not having to share the table may seem convenient, but if we zoom out, we see that many in the world still struggle to secure even the basics, let alone a seat at the global table. Preparing a few extra pairs of chopsticks isn’t just a metaphor, but a call for a more balanced, diverse, and inclusive global order.

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Türkiye’s “soft severance of diplomatic relations” with Israel has limited impact on the Middle East

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On November 13th, Turkish President Erdoğan announced that Türkiye has cut off trade and diplomatic relations with Israel. Anadolu Agency reported his statement during his return trip from visits to Saudi Arabia and Azerbaijan. Erdoğan declared, “We currently have no relations with that country,” emphasizing that Türkiye has responded in the strongest terms to “Israel’s atrocities” by taking concrete measures, including halting all trade exchanges. He also stated that the ruling “People’s Alliance” firmly supports this stance.

Observers believe that Erdoğan’s remarks, coming just after the conclusion of the Arab-Islamic Riyadh Summit, aim to enhance Türkiye’s discourse power, express additional sympathy for the suffering of the Palestinian people, maintain sustained anger towards Israel’s belligerence, and exert pressure on Trump, who is about to return to the White House and is highly pro-Israel. This move may also serve to soothe strong anti-Israel public opinion domestically. However, it is conceivable that this posture will not affect the development of the current war situation in the Middle East, let alone change the geopolitical landscape; on the contrary, it may bring pressure on Türkiye from the United States and the European Union.

Erdoğan’s statements further highlight Türkiye’s tough stance and sanctions against Israel over the past year, attempting to demonstrate Türkiye’s political responsibility, humanitarian concern, and religious obligations as a major country in the Middle East, especially an Islamic power. Objectively, this will make the six Arab countries that still maintain policy relations with Israel feel embarrassed and will also enhance Türkiye’s discourse power in Middle East disputes, particularly in promoting the de-escalation process of this round of conflict.

Türkiye is not only a major country in the Middle East and the Islamic world but also a NATO member and EU candidate country, as well as the initiator and leader of the Turkic States Alliance. From the outbreak of the “Arab Spring” in 2011 to the Russia-Ukraine war in 2022, Türkiye has been a very active geopolitical actor and has played an important role in shaping the regional landscape. However, in the grand chessboard of Israel’s “eight-front warfare” triggered by the current Israeli-Palestinian conflict, the space for Türkiye to maneuver is very limited.

Erdoğan’s publicized severance of relations with Israel seems to be a kind of “salami-slicing,” or even a painless “soft severance,” and therefore will not cause significant shockwaves. Tükiye had already recalled its ambassador to Israel in November last year and announced in May this year the suspension of all imports and exports with Israel to punish the latter for exacerbating the humanitarian tragedy of the Palestinian people. In August, Türkiye formally submitted an application to the International Court of Justice to join the lawsuit initiated by South Africa against Israel’s alleged “genocide,” becoming one of the few Third World countries to use international legal means to challenge Israel.

However, Türkiye has not announced the closure of its diplomatic missions in Israel, nor has it punished Israel as severely or even rudely as it did in May 2018. Six years ago, when Trump announced the relocation of the U.S. Embassy in Israel from Tel Aviv to Jerusalem, thereby recognizing the latter as Israel’s capital, the Erdoğan government not only immediately recalled its ambassadors to the United States and Israel but also expelled the Israeli ambassador to Türkiye on the spot. The ambassador was subjected to a full set of humiliating security checks at the airport, including body searches and shoe removal, causing bilateral relations to plunge to a historic low, only beginning to recover slowly two years ago.

Israel has not made any response to Türkiye’s latest declaration of “severing diplomatic relations” and may continue to maintain a low profile or restraint. Perhaps Israel has adapted to Türkiye’s nearly two-decade-long “angry diplomacy,” or perhaps it currently lacks the energy and willingness to provoke Ankara and thereby create new enemies for itself. It is already overwhelmed dealing with the Iran-led “Axis of Resistance” and the United Nations, not to mention the internal frictions and power struggles among its top officials.

Türkiye’s tough stance against Israel is actually facing very similar historical scenarios, making it seem powerless or even counterproductive when playing the Palestinian card. This is because the Arab world does not welcome the successor of the former Ottoman Empire changing the long-standing Western-oriented “Kemalism” to an “eastward and southward” approach. They especially strongly resist Türkiye’s deep involvement in Arab affairs, much like their strong aversion to Iran constructing a “Shia Crescent” in the Arab world. From this perspective, Middle Eastern countries, particularly the Arab world, exhibit an “Arab Monroe Doctrine,” opposing any external interference, even though they are incapable of fairly resolving the Palestinian issue.

Since the Justice and Development Party led by Erdoğan won the general election in 2002, based on the disappointment and dissatisfaction arising from repeated setbacks in pursuing EU membership, as well as a dual return to Neo-Ottomanism and Islamism, Türkiye has significantly elevated the strategic position of the East, especially the Middle East—its traditional sphere of influence—within its foreign policy framework. Ankara began by actively attempting to mediate the Iranian nuclear crisis, suddenly paying high-profile attention to the Palestinian issue, and in 2008, a public dispute erupted between then-Prime Minister Erdoğan and Israeli President Peres at the Davos World Economic Forum.

In May 2010, disregarding Israel’s warnings, Türkiye dispatched the humanitarian aid ship “Mavi Marmara,” attempting to forcibly cross Israel’s naval blockade to dock in the Gaza Strip. This led to Israeli special forces air-dropping onto the ship, resulting in a bloody conflict. Türkiye announced the severance of diplomatic relations with Israel, and it was not until Israel later apologized that bilateral relations were restored. However, due to the indifferent or even critical stance of Egypt, Saudi Arabia, Jordan, and even the PLO towards the Palestinian Islamic Resistance Movement (Hamas), which was fighting Israel alone, Türkiye’s proactive “foreign aid” actions did not receive enthusiastic responses.

After the outbreak of the “Arab Spring” in early 2011, the development model of the Arab world was widely questioned and even lost its future direction. The “Turkish model” received widespread international attention and was even considered a reference or option for Arab countries. Facing an Arab world mired in failure and chaos, the Erdoğan government was highly proactive, even being described as “attempting to act as the leader of the Islamic world.” Driven by such wishful thinking and strategic impulses, Türkiye not only supported Egypt’s “Square Revolution” in a high-profile manner, strongly backed the Muslim Brotherhood entangled in power struggles, sent troops to Syria and Libya, intervened in the Eastern Mediterranean oil and gas disputes, and openly supported Qatar in its rivalry with Saudi Arabia. Ultimately, Türkiye’s relations with Arab countries deteriorated from the idealized “zero problems diplomacy” to a nightmarish “all problems diplomacy.”

It can be said that the decade or so during which the “Arab Spring” evolved into the “Arab Winter” was a period when Türkiye’s realist offensive diplomacy and “eastward and southward” strategy suffered major defeats. Türkiye not only lost its traditional ally Israel and offended more than half of the Arab world, but its relationships with Russia and the United States also faced unprecedented challenges.

The Middle East today has once again plunged into war and turmoil, but the causes, nature, conflicts, and opponents are vastly different from those of the “Arab Spring” or the Arab-Israeli conflicts during the Cold War. Several non-state actors from Arab countries are involved in what some are calling the “Sixth Middle East War.” However, countries that have normalized relations with Israel—such as Egypt, Jordan, the United Arab Emirates, Bahrain, Sudan, Morocco, and even the Palestine Liberation Organization—have no intention of re-entering the historical stream of the Arab-Israeli conflict. On the contrary, Iran and its leadership of the “Shia Crescent” have become the main forces opposing Israel in this new Middle East war. Some non-state actors in Arab countries have formed a new “Axis of Resistance” in alliance with the Shia Crescent. This shift in geopolitical relationships makes the attitudes of Arab nations more nuanced. Yet, in balancing “interests and righteousness,” they still value the hard-won Arab-Israeli peace and the crucial Arab-American relations. Although Arab countries are deeply frustrated by Israel’s refusal to cease fire and feel powerless to change the situation, they are absolutely unwilling to accept Iran and Türkiye taking the lead in Arab affairs.

Therefore, Türkiye’s new round of Middle East diplomacy is bound to fall into an awkward position similar to that after the “Arab Spring.” It is unlikely to receive widespread and positive responses in the Arab world or have any substantive impact on the current “eight-front warfare.” Nonetheless, Ankara’s diplomatic efforts to support the rights of the Palestinian people are commendable, reasonable, and even resonate with mainstream international public opinion.

With the openly pro-Israel Trump team controlling the White House, the State Department, and the Pentagon, and the Republican Party—which has always been more favorable toward Israel—fully controlling the U.S. legislative, executive, and judicial branches, Washington’s Middle East policy will further tilt toward Israel. Even if the new U.S. government does not encourage Israel to escalate and expand the existing conflicts and wars, it will mobilize all resources and employ all means to exert maximum pressure on Israel’s opponents to force them to compromise. At that time, Türkiye’s relations with the United States will experience new friction and uncertainties due to its tough stance against Israel.

Not only will the new U.S. government’s Middle East policy fail to reward Türkiye’s hardline approach toward Israel, but major European powers—which generally support Israel’s security and hold unfavorable views toward Iran and its led “Axis of Resistance”—will also be dissatisfied with Türkiye’s intensified pressure on Israel. This could further affect the smooth development of Türkiye-Europe relations.

Therefore, although Türkiye’s stance toward Israel is tough, the pressure it can exert is nearly exhausted, and Israel has considerable capacity to withstand such pressure, especially from Türkiye’s “soft severance of relations.” Given that Arab countries do not welcome deep Turkish intervention and that the U.S. and Europe oppose Türkiye joining the anti-Israel camp, Türkiye’s role and space for maneuvering in the Middle East are very limited and unlikely to see significant breakthroughs.

Prof. Ma is the Dean of the Institute of Mediterranean Studies (ISMR) at Zhejiang International Studies University in Hangzhou. He specializes in international politics, particularly Islam and Middle Eastern affairs. He previously worked as a senior Xinhua correspondent in Kuwait, Palestine, and Iraq.

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OPINION

Palestinian messages to the Arab-Islamic Summit

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Our people have endured decades of oppression, during which their rights were virtually destroyed and forgotten. In the post-Oslo period, when the Palestinian leadership opted for negotiations, settlement expansion accelerated while the foundations of national independence eroded under partition, isolation and prolonged blockades. Today, the occupation seeks to complete the historic Nakba by exploiting the Palestinian uprising that began on 7 October in response to escalating Zionist extremism, attempts at Judaisation and efforts to marginalise and eradicate the Palestinian entity. This existential challenge, backed by a broad coalition with regional and international dimensions that do not serve the interests of our people, obliges us to unite our efforts around common principles. Despite these barbaric attacks, limited resources and the imbalance of power with the enemy, we stand in solidarity with the resistance and determination of the Palestinian people. If these efforts are coordinated, we can put counter-pressure on the occupation, deepen its political and legal isolation and worsen its economic crisis. This will be an opportunity to force the occupation and its allies to stop the aggression and strengthen the ongoing struggle of our people.

Today, the Palestinian people are facing one of the heaviest Zionist attacks on the Gaza Strip, which reaches the dimensions of genocide and ethnic cleansing. According to unofficial statistics, the number of Palestinian martyrs since the beginning of the war has exceeded 186,000, and the environmental and health destruction caused by the attacks has directly contributed to this number. This scenario could, God forbid, be repeated in the West Bank, with radical settlers attacking Palestinian towns and villages through the occupation army or with the official support of the occupation government.

Historically, the Palestinians have paid the heaviest price for the Western approach to the Eastern question. The consequences of this approach have been disastrous for us: It not only led to the seizure of our land by the Zionist movement, but also paved the way for the establishment of a settler state. In this war, the Arab and Islamic countries acted with great responsibility, rejecting the international categorisation of the resistance as terrorism and insisting on presenting it as a national liberation movement.

Arab and Islamic countries have played a strong role in supporting our cause in international forums, with a growing regional awareness of a common destiny and the need for common security against a common enemy. This solidarity is a very important step in supporting our cause through the work of the Ministerial Committee of the Arab-Islamic Summit convened in Riyadh, which is expected to be an international framework for shaping a solution to the Palestinian issue in accordance with the legitimate rights and aspirations of the Palestinian people.

Internationally, unlike in previous crises, we have seen clear international positions condemning the genocide and crimes against humanity committed against our people, reflected in firm positions at the United Nations. We appreciate these positions of the nations and peoples of the world and see the path to the establishment of a Palestinian state based on international legitimacy as the result of more than a century of Palestinian struggle and the revival of their rights, which have historical and political roots. Since 1922, the foundations of a Palestinian state have been laid, and despite British and Zionist conspiracies, Palestine retains its political primacy on the world map.

Today, more than 150 countries recognise the State of Palestine on the basis of international resolutions such as the General Assembly Settlement Plan (Resolution 181), the Algiers Declaration declaring the State of Palestine in 1988, and Security Council resolutions on the illegality of settlements outside the 1967 borders. The most recent resolution demands that Israel end its ‘illegal presence in the Occupied Palestinian Territory’ within 12 months of the General Assembly’s request to the International Court of Justice for an advisory opinion on the legal consequences of Israel’s policies and practices in Palestine. The resolution was adopted with overwhelming support – 24 votes in favour, 14 against and 43 abstentions – demonstrating the gains made by the Palestinian cause and highlighting the growing political isolation of the occupying state.

Despite the obstacles to sovereignty posed by the occupation, the Palestinian state remains a legal reality. We see current international efforts to revive these historic and entrenched rights, against the post-World War II trend of international powers favouring the establishment of a Zionist political entity at our expense.

These forward-looking initiatives, called the ‘International Alliance for the Realisation of the Two-State Solution’, include direct steps to organise the establishment of a Palestinian state, rather than merely negotiating its right to exist. This is an important step for regional security and international peace, a necessary way to stabilise the global system and prevent the spread of geopolitical conflicts, sometimes with a religious or cultural dimension.

Diplomatic and political efforts to achieve Palestinian statehood must be compatible with efforts to end the war, protect civilians, facilitate humanitarian aid and address the consequences of the aggression through compensation and reconstruction. At the same time, Palestinian efforts to meet the conditions for a sovereign state consistent with the principles of regional security and global peace should be intensified.

In the midst of these efforts, it is clear that the Palestinian forces will respond sincerely to these initiatives and are willing to overcome differences over governance, elections and the so-called ‘day after’ issues. Palestinian behaviour shows that these disputes are now a thing of the past and that focusing on the future enhances the ability to build and govern the Palestinian state on the basis of national spirit and solidarity.

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