New World Order- Coming Up?

                                                           The world is very badly wounded by the pandemic Covid-19. It has changed the scenario of the world. It has also damaged the economy and financial structure of the world including the Superpowers. 

                                                             Besides that, the world has seen indirect conflicts between the Superpowers in the last two decades indirectly. i.e. In Iraq, Syria, Afghanistan, and now in Ukraine. 

                                                            The latest brutal attack on Ukraine by Russia has brought big powers like European Union, the UK, and the USA against Russia. It appears that China and North Korea are clearly behind Russian action. The USA and other partners have imposed strict sanctions against Russia wherein they are restricted to buy Russian gas and petroleum products. It has created a very critical situation in the financial world. The European Union's more than 1/3 requirement of energy is supplied by Russia. 

                                                           However, Russia has been trying to sell its gas and petrol at a 30% discount to buyers.  Russia is also ready to settle the payments in Rupees, Yuan, and Rubble instead of dollars over which the USA has had control and domination for a long time.  China is in the race for supper power and wanted to increase the value of the yuan in the world also wants to reduce the domination of dollars in favor of a new payment system in the world.  India has also agreed to settle its payment regarding buying petrol and gas in rupees with Russia in spite of the displeasure shown by the USA. It is surprising that Germany and some of the European countries are still buying petrol and gas from Russia in spite of sanctions imposed on Russian Energy. It may be an economic compulsion for them. 

                                                      However, all these developments show that new world order is emerging on the Horizon. i.e. Consist of Russia, China, North Korea, and some of the other Counties of the World. It is also seen as a declined order of American supremacy. However, let us see where it will lead.

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