Courtesy: Deutscher Bundestag
The most significant international task ahead of Germany’s new three-party ‘traffic light’ coalition is to strengthen the relationship with Europe, reduce the imbalance in the relationship with the U.S. and influence the behaviour of important economic partners, Russia and China.
Sanctions are an important foreign policy tool, used especially by the West against its adversaries. Now, these rivals are retaliating with counter-sanctions. Are these effective? How does this impact global politics? Where does India stand in this free-for-all sanctions era?
For years, Western countries have used sanctions as a means of economic warfare against their adversaries. Now, China and Russia are utilising the same tactic against the West. The United Nations Security Council is paralysed by differences between the five permanent members, leaving the tools of unilateral sanctions and counter-sanctions to proliferate at the cost of UN-approved multilateral sanctions.
The global balance of power is in the process of a fundamental shift. The West appears fixated on China, which is both a “systemic rival” and a strategic partner to be cultivated. Europe now needs to choose between the values it shares with India and commercial profitability from China