Alliance between Russia, China and India hardly possible.

When Yukos’ major production unit Yuganskneftegaz was auctioned off for $9.1 billion as back tax payment last December, Russian President Vladimir Putin made a series of statements indicating that the remains of Mr. Khodorkovsky’s empire might become a foundation for the future development of Russian-Chinese cooperation. He meant the possible sale of a 20% stake in a new company formed on the basis of Yuganskneftegaz to China. One of the largest Indian oil companies – Oil and Natural Gas Corp. – also expressed interest in purchasing 15% of the shares.

In the background of the large-scale business deal lingers an attempt to realize the dream of a Russian-Chinese-Indian alliance, says an article written by the director of the Center for Studies of Post-Industrial Society Vladislav Inozemtsev, published by Nezavisimaya Gazeta. Mr. Putin mentioned such an alliance on various occasions, calling it the foundation for the “arc of stability” in Asia. The alliance is supposed to re-establish the multi-polar political system in the world, which disappeared at the end of the “cold war.” However, such an alliance is hardly possible.

www.rian.ru