SA has to make tough foreign policy choices as Russia and China aim for an alternative system to Swift
President Cyril Ramaphosa addressing a Brics summit at the Sefako Makgatho presidential guest house. Picture: JAIRUS MMUTLE/GCIS
Critics question why SA supports Russia in global conflicts instead of aligning with its major trading partners, especially the US and Western Europe. However, understanding the reasoning behind certain foreign policy choices by countries, necessitates a fundamental grasp of geopolitics. It is a mistake to prioritise economics ahead of politics without giving it some thought. Prominent economists argue that to understand the rationale behind economic decisions it is essential to examine them through a political lens.
Since the beginning of the conflict in Ukraine politics has forcefully risen to take its place ahead of economics. This is because geopolitical power play in Ukraine could have long-term ramifications for the international economy, which is now dominated by the US and its greenback. With the military action in Ukraine, Russian President Vladimir Putin understood that his actions would inevitably be met with the US and other Western countries throwing it out of the international banking system.
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