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Cooperation was certainly difficult to establish, mainly due to the growing influence of the BRIC countries (Brazil, Russia, India, and China), which are starting to throw a little weight around (though substantially less in Russia’s case). The heydays of the Group of 8 are over, and almost everything proposed at the summit had to get past the emerging economies. Case in point: When Sarkozy proposed a global crackdown on tax-heavens, it was Chinese, not American, opposition that cut down the proposal substantially so it could protect financial centers in Hong Kong and Macao...

Author: By Raúl A. Carrillo | Title: Hail to the Chiefs | 4/2/2009 | See Source »

...ready to take any decision [from NATO], up to halting relations altogether." - responding to NATO's threats in the aftermath of Russia's invasion of Georgia (Guardian...

Author: /time Magazine | Title: Russian President Dmitri Medvedev | 4/2/2009 | See Source »

...From 2000 to 2008, he served on the board of the state-controlled firm Gazprom, Russia's largest company and the world's largest extractor of natural gas. The company has frequently become embroiled in payment disputes with Ukraine, which relies on Gazprom for its gas supply...

Author: /time Magazine | Title: Russian President Dmitri Medvedev | 4/2/2009 | See Source »

...asking anyone to love Russia, but we will not allow anyone to cause harm to Russia and we will get respect - for the citizens of Russia and for our whole country, but not with force but by our own behavior and successes." - a contrasting comment from his speech at the World Economic Forum in Davos (Wall Street Journal...

Author: /time Magazine | Title: Russian President Dmitri Medvedev | 4/2/2009 | See Source »

...commit blood and treasure. During the 1990s, the Alliance began expanding, inducting nine new members from Eastern Europe's former Soviet territories and satellites that sought protection from Russian power. But that program seemed to hit a wall last August, when Georgia fought a five-day war against Russia for control of South Ossetia. Georgia, whose bid to join the Alliance had been strongly backed by the U.S., was viewed by many Western officials as having provoked a senseless fight that would have obliged NATO to get involved had Georgia been a full member. Last summer's confrontation put Georgia...

Author: /time Magazine | Title: As NATO Gathers, Its Future Is Looking Cloudy | 4/2/2009 | See Source »

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