Last week I went through just some of the highlights as to why Russia is becoming a destination for global capital.
For years it’s been a little lonely out here banging on about how well the Russian state headed by Vladimir Putin has navigated an immense campaign by the West to marginalize and/or isolate Russia from the world economy.
But that is changing rapidly. And 2020 will likely be the year the New Cold War begins to end. And it starts with Europe. In recent weeks there have been a number of moves made on both sides to end the economic isolation of Russia by Europe.
As always, however, it begins politically. French President Emmanuel Macron speaking at a press conference before 70th Anniversary NATO Summit in London no less, made it clear that he no longer wants the EU positioning itself as an adversary of Russia or China.
Standing next to NATO Secretary General Jens Stoltenberg Macron put a further down payment that he is looking to replace German Chancellor Angela Merkel as the person setting the tone for European Foreign Policy.
“NATO is a collective defense organization, but against what or against who? Who is our common enemy? We need to clarify that. And it is a very strategic question,” he told reporters at a press conference in Paris on Nov. 28.
“Sometimes I hear some saying that it is Russia or China, our enemy. Is it the purpose of the Atlantic Alliance to identify one or the other as our enemies? I don’t think so. Our joint enemy, clearly within the Alliance, is terrorism that’s struck our countries.”
Macron said that NATO needs “a common definition of terrorism, of who the terrorist groups are and how to act in coordination against them.” He said that “the absence of dialogue with Russia” did not make the European continent safer and that he wants to “clarify our relationship with Russia.” “We want a lucid, robust, and demanding dialogue with Russia, with neither naivety nor complacency,” he said.
Macron’s full remarks can be found here.