World
Britain, Russia Face Rocky Relations as Liz Truss Becomes New Prime Minister
By Kestér Kenn Klomegâh
The Russian and Western media headlines have glaringly shown the future of Britain-Russia’s bilateral relationship and how that will further work in a multilateral format in the context of the current global changes as Ms Liz Truss becomes Britain’s new Prime Minister.
Of course, this does not need a simplified or detailed explanation, as both have locked horns over many publicly-known issues within the context of geopolitical changes.
Media articles’ headlines, “Kremlin scathing over Truss but Kyiv praises Britain’s new PM” (The Guardian) and, “Russia says relations with Britain could get worse as Truss elected PM” (The Independent) painted gloomy pictures of the future relations between the two countries. And of course, Britain and Russia have been struggling to raise their bilateral relations during these past several years with little success.
Britain’s new Prime Minister Liz Truss is not new to Britain and Russia’s politics and diplomacy, and geopolitical changes. She previously served as the British Foreign Secretary. Now, she has won the race for the leadership of the ruling Conservative Party, as indications from the results of an internal party vote, declared on September 5.
Truss, 47, received the votes of 81,326 rank-and-file Conservatives. Her rival, former Finance Minister Rishi Sunak, 42 got 60,399 votes. As the leader of the ruling party, Truss replaces Boris Johnson as Prime Minister and has to appoint a new cabinet. Truss becomes Britain’s 56th Prime Minister, and formally confirmed as head of Her Majesty’s Government at an audience with Queen Elizabeth II.
Ms Liz Truss’ perspectives on many important issues are completely at variance with the position often taken by the Russian Federation.
In July 2022, Foreign Ministry Spokeswoman Maria Zakharova criticized her in an official statement for her anti-Russia remarks which are invariably steeped in painful aggression and nationalism, that is, Russophobia. Within the political spectrum, she is considered a threat to the country and its leadership, especially the current “special military operation” in Ukraine.
“She looks like a second-rate politician afflicted by megalomania. And she is doing all of this instead of addressing the issues at home, which are plenty. This collection of empty slogans vocalised by a raging Truss clearly shows that, in fact, she is either unable to spot the serious crisis in the economy and in domestic politics in a country whose government she is striving to lead, or she simply does not know how to overcome it and is trying to distract voters. Clearly, the well-being and living standards of ordinary Brits are not among her priorities,” Zakharova described her in comments posted to the official website on July 14.
While there are thousands of shreds of evidence pointing to the worsening bilateral relations in political, economic and cultural spheres between the two countries, Russia usually slams Britain together with the European Union into the same category. Similar to the previous well-known Cold War, Russia is battling multiple confrontations from the United States and European Union.
Russia, most often, views Britain from its historical perspectives and the colonial past and directly connects with the present time. Russian authorities have convincingly and publicly highlighted the British colonial practices that spanned more than half a century. Perhaps, taking a line from Russia’s MFA sources, Russia views these two geopolitical blocs as “aggressive and warlike nature and obvious narrow-mindedness” and to deepen our understanding of the situation.
As Foreign Minister Sergey Lavrov pointed out during the 30th Assembly of the Council on Foreign and Defence Policy, “The external circumstances have not changed radically, not becoming more elevated unfortunately with each passing day. The choice we have taken is made easier by the fact that the ‘collective West’ has declared a total hybrid war against us. It is hard to forecast how long this will last. But it is clear that its consequences will be felt by everyone without exception throughout the world.”
Lavrov further explained that this is not only and not so much about Ukraine, having decided the way to global hegemony, which is being used as an instrument to contain the peaceful development of the Russian Federation in the context of their course to perpetuate a unipolar world order, right after the end of the Cold War. Russia’s diplomacy is, on the one hand, to act with great resolve to fend off all adversarial attacks, while, on the other hand, to consistently, calmly and patiently reinforce positions in order to facilitate Russia’s sustained development from within and improve the quality of life for its people.
Britain’s diplomacy has posed problems, in the political, economic and cultural spheres of the Russian Federation. In the cultural sphere, for instance, Russia was forced to close the British Council. Until now, educational and consular services are still not resolved, and many important issues in political and economic bilateral cooperation. At one time, the fatal 2006 poisoning of former Russian security officer Alexander Litvinenko in London. And the next one, London also used the incident in Salisbury linked with the suspected poisoning of former GRU employee Sergei Skripal and his daughter Yulia as a provocation against Russia.
Britain has joined the United States, Canada, Europe, Australia and many other countries in imposing draconian sanctions on Russia. In addition to that, Britain as a member of the Group of Seven acts in complete coalition with Canada, France, Germany, Italy, Japan and the United States on a number of issues against the Russian Federation. The Group of Seven is composed of the seven wealthiest advanced countries.
After the historic fall of the Soviet era, Russia dreamed of raising its status by joining international organizations. Over the past three decades, Russia became a member of many global bodies, participating actively in the United Nations. But with the Group of Eight (G-8), due to sharp differences among members and the last straw relates to its undertaking of “a special military operation” in Ukraine, Russia ultimately withdrew its membership.
David Harding, a British journalist and author, in early September wrote that Russia’s relations with Britain would get worse under new Prime Minister Liz Truss. He referred to issues that include a growing energy price crisis and the war in Ukraine, both of which are affected by Britain’s relations with Russia. The article was based on Kremlin’s warning shots across the new government by claiming that the low level of the current relations between Moscow and London could get even worse than they are now.
“I wouldn’t like to say that things can change for the worse, because it’s hard to imagine anything worse,” Kremlin spokesman Dmitry Peskov said when asked if Moscow expected any shift in relations with Britain. “But unfortunately, this cannot be ruled out, given that the contenders for the post of British prime minister competed with each other in anti-Russian rhetoric, in threats to take further steps against our country, and so on. Therefore, I don’t think that we can hope for anything positive.”
Truss is chiefly known in Russia for a visit she made to Moscow in February when she and Foreign Minister Sergey Lavrov held a rancorous meeting. Lavrov described their conversation as like a dialogue between deaf and mute people, complaining that facts had ‘bounced off’ her. Russia’s foreign ministry has also openly mocked her over geographical gaffes, including on one occasion when she mixed up the Black and Baltic seas.
Truss openly challenged Lavrov at their meeting over Russia’s troop build-up near Ukraine, saying: “I can’t see any reason for having 100,000 troops stationed on the border, apart from to threaten Ukraine.” Moscow, which had denied invasion plans, sent its troops in two weeks later. Since then, Britain has been one of the most active and vocal supporters of Ukraine in the war, supplying it with weapons and training.
While there have been several congratulatory messages for Liz Truss, none came from Russia’s official domain. Dutch PM Mark Rutte said on Twitter: “The Netherlands has long enjoyed close ties with the UK, and I look forward to working with Ms Truss to strengthen them even further.”
In addition, Austrian media compared her to Margaret Thatcher but one French newspaper, Les Echos, called her an Iron Weathercock, rather than Iron Lady, for constantly changing political position. Further, German chancellor Olaf Scholz also took to social media to proclaim: “The UK and Germany will continue to work closely together – as partners and friends.”
Russian media, however, published many reports about political developments and have speculated about the directions in future relations. Russia’s wide-circulated Izvestia wrote that British Foreign Secretary Liz Truss has become the new prime minister. As a successor and loyal supporter of former leader Boris Johnson, Truss would lead the ruling Conservative Party, at least, till the 2024 parliamentary election. “Notorious for her harsh rhetoric on Russia, Truss used it proactively in her election campaign. And yet foreign policy is secondary for the British, with a solution to the energy crisis and the fight against falling living standards being their top priorities,” wrote the newspaper.
The British PM favours active support for Kiev and believes the goal for London is to have Russia defeated in Ukraine. With that in mind, Truss could be viewed as a direct successor of Boris Johnson’s policies. The outgoing premier, perhaps, was involved in the Ukrainian conflict more than any other Western leader. Boris Johnson visited Kiev, the Ukrainian capital, three times since Russia launched its special military operation, and he was accused of overlooking domestic issues due to his preoccupation with foreign policy.
The key tasks faced by the new prime minister certainly relate to the economy and the well-being of ordinary citizens. “The United Kingdom is faring much worse economically than the other West European countries,” Vasily Yegorov, an expert on British politics and the author of the Westminister channel on Telegram, told Izvestia. According to forecasts, Great Britain could face 18-22% inflation rates. If the government copes with that issue this fall, it would be easier further down the road. Truss should come up with her economic program in the near future.
Britain and Russia established relations several years ago. Even with the end of the Cold War and the fall of the Berlin Wall much of the relationship has been under constant strain. During these past few years, the relationship has been tense due to European Union sanctions against Russia. The British were viewed as a driving force for those sanctions, making the relationship awkward. In conclusion, Britain and Russia will still have rocky relations in the coming years and even more turbulent over many bilateral and global policy issues under Liz Truss, the new Prime Minister of Britain.
By Kestér Kenn Klomegâh
With heightening of geopolitical interest in building a new Global South architecture, Ghana’s administration has to consider joining the ‘partner states category’ of BRICS+, an association of five major emerging economies (Brazil, Russia, India, China and South Africa). The National Democratic Party (NDC) and the elected President John Mahama, while crafting future pathways and renewing commitments over democracy and governance, designing a new economic recovery programme as top priority, could initiate discussions to put Ghana on higher stage by ascending unto BRICS+ platform.
Certainly, ascending unto BRICS+ platform would become a historical landmark for Ghana which has attained prestigious status in multilateral institutions and organizations such as the Economic Community of West Africa States (ECOWAS), the African Union (AU), the United Nations and also from Jan. 2025 has become the head of the Commonwealth Secretariat.
Unlike South Africa, which has acquired a full-fledged membership status in 2011, and Ethiopia, Nigeria and Uganda were taken into the ‘partner states’ category, Ghana has all the fundamental requirements to become part of BRICS+ alliance. It is necessary to understand the basic definition and meaning of BRICS+ in the context of the geopolitical changing world. The BRICS alliance operates on the basis of non-interference. As an anti-Western association, it stays open to mutual cooperation from countries with ‘like-minded’ political philosophy.
BRICS members have the freedom to engage their bilateral relations any external country of their choice. In addition to that, BRICS+ strategic partnership has explicitly showed that it is not a confrontation association, but rather that of cooperation designed to address global challenges, and is based on respect for the right of each country to determine its own future.
South Africa and other African countries associated with BRICS+
South Africa is strongly committed to its engagement in the BRICS+. It has, so far, hosted two of its summits. In future, Egypt and Ethiopia would have the chance to host BRICS+ summit. Egypt and Ethiopia have excellent relations with members, and simultaneously transact business and trade with other non-BRICS+, external countries.
The New Development Bank (BRICS) was established in 2015, has financed more than 100 projects, with total loans reaching approximately $35 billion, and it is great that the branch of this bank operates from Johannesburg in South Africa. Understandably, South Africa can be an investment gateway to the rest of Africa. In 2021, Bangladesh, Egypt, the United Arab Emirates and Uruguay joined the NDB.
The BRICS Bank works independently without any political strings, and has further pledged financial support for development initiatives in non-BRICS+ countries in the Global South. Its tasks include investing in the economy through concessional loans, alleviating poverty and working towards sustainable economic growth. According to President of the BRICS New Development Bank, Dilma Rousseff, “The bank should play a major role in the development of a multipolar, polycentric world.”
Ethiopia and Egypt are the latest addition to BRICS+ association from January 2024. South Africa and Egypt being the economic power houses, while Ethiopia ranks 8th position in the continent. In terms of demography, Nigeria is the populous, with an estimated 220 million people while Uganda has a population of 46 million. South Africa, Ethiopia and Egypt are full members, Algeria, Nigeria and Uganda were offered ‘partner states’ category, but have the chance to pursue multi-dimensional cooperation with external countries. BRICS+ has absolutely no restrictions with whom to strike bilateral relationship.
From the above premise, Ghana’s new administration, within the framework of BRICS+, could work out a strategic plan to establish full coordination with and request support from African members, including South Africa, Egypt and Ethiopia. Worth noting that membership benefits can not be underestimated in this era of shifting economic architecture and geopolitical situation.
Queuing for BRICS+ Membership
Burkina Faso, Mali and Niger which historically sharing the cross-border region of West Africa, are in the queue to ascend into the BRICS+ association. The trio has formed their own regional economic and defense pact, the Alliance of Sahel States (AES) in Sept. 2023, and aspiring for leveraging unto BRICS+, most likely to address their development and security questions. Brazil, as BRICS 2025 chairmanship, has set its priority on expansion of BRICS+, the enlargement wave began by Russia. More than 30 countries are the line join, hoping for equitable participation in bloc’s unique activities uniting the Global South.
Perhaps, the most crucial moment for Ghana which shares border with Burkina Faso. Its military leader, Capt. Ibrahim Traoré was heartily applauded for attending the inauguration of the new President John Dramani Mahama on January 7th. Burkina Faso, without International Monetary Fund (IMF) and World Bank, is transforming its agricultural sector to ensure food security, building educational and health facilities and sports complex which turns a new chapter in its political history.
In early January 2025, the National Democratic Congress (NDC) took over political power from the New Patriotic Party (NPP). Historically, the political transition has been quite smooth and admirable down the years. Ghana was ranked seventh in Africa out of 53 countries in the Ibrahim Index of African Governance. The Ibrahim Index is a comprehensive measure of African governments, and methods of power transfer based on constitutional principles, rules and regulations.
Ghana produces high-quality cocoa. It has huge mineral deposits including gold, diamonds and bauxites. it has approx. 10 billion barrels of petroleum in reserves, the fifth-largest in Africa. President John Dramani Mahama, has reiterated to unlock the potentials, creating a resilient and inclusive economic model that would empower citizens and ultimately attracts foreign investments. Ghana reduced size of government, a required condition to secure funds from the IMF for development and resuscitating the economy. Ghana’s involvement in BRICS+ will steadily enhance the dynamics of its traditional governance in multipolar world.
Outlining Ghana’s potential benefits
Currently, Ghana has myriad of economic tasks to implement, aims at recovering from the previous gross mismanagement. It could take advantage of BRICS+ diverse partnership opportunities. Closing related to this, Ghana’s headquarter of the African Continental Free Trade Area (AfCFTA) further offers an appropriate collaboration in boosting further both intra-BRICS trade and intra-Africa trade. With Egypt, Ethiopia, Uganda, South Africa, Nigeria and Ghana, these put together paints an African geographical representation in BRICS+, and presents their collective African voice on the international stage.
After studying the article report titled “Ghana Should Consider Joining the BRICS Organization” (Source: http://infobrics.org), the author Natogmah Issahaku, explained, in the first place, that Ghana’s relations with other external nations, particularly, those in the West, will not, and should not be affected by its BRICS membership. According to the expert, Ghana needs infrastructural development and sustainable economic growth in order to raise the living standard of Ghanaians to middle-income status, which could be achieved through participation in BRICS+. In return, Ghana can offer BRICS+ members export of finished and semi-finished industrial and agricultural products as well as minerals in a win-win partnership framework.
As an Applied Economist at the University of Lincoln, United Kingdom, Natogmah Issahaku emphasized the importance of the BRICS New Development Bank (NDB), that could play roles by financing Ghana’s development agenda. BRICS development cooperation model is based on equality and fairness, Ghana can leverage its relations to optimize potential benefits. Given the colossal scale of economic problems confronting the country, President Mahama should take strategic steps to lead Ghana into the BRICS+ without hesitation.
Notwithstanding world-wide criticisms, BRICS+ countries have advanced manufacturing and vast markets as well as technological advantages. As often argued, BRICS+ is another avenue to explore for long-term investment possibilities and work closely with its stakeholders.
These above-mentioned arguable factors are attractive for advancing Ghana in the Global South. Based on this, it is time to grab the emerging opportunity to drive increasingly high-quality cooperation, focus on hope rather than despair and step up broadly for more constructive parameters in building beneficial relations into the future! Over to the new government of President John Mahama, the estimated 35 million people and the Republic of Ghana.
By Adedapo Adesanya
The Organisation of the Petroleum Exporting Countries (OPEC) has noted that the increased production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe.
In its latest Monthly Oil Market Report, the cartel said the refining efforts of the Lagos-based 650,000-barrel-per-day refinery have changed the narrative.
Business Post reports that Dangote Refinery commenced European distribution this month, as it aims for 100 per cent production.
“The ongoing operational ramp-up efforts at Nigeria’s new Dangote refinery and its gasoline exports to the international market will likely weigh further on the European gasoline market.
“Continued gasoline production in Nigeria, a country that has relied heavily on imports to meet its domestic fuel needs in the past, will most likely continue to free up gasoline volumes in international markets which will call for new destinations and flow adjustments for the extra volumes going forward,” the report partly read.
OPEC added that European light distillates continue to lose ground on the back of increasingly lighter and sweeter refinery crude diets in Europe and sanctioned Russian crude imports, leading to stronger naphtha production.
“The resulting naphtha surplus coupled with the declining petrochemical cracking capacity in Europe has weighed on the regional naphtha market.”
The 650,000 barrels per day Dangote oil refinery built by Nigerian billionaire, Mr Aliko Dangote, in Lagos, had affirmed to compete with European refiners when operating at full capacity.
Although, when it started operations last year, it struggled to secure sufficient crude locally — as production remains below target and tied to contracts with other players by the Nigerian National Petroleum Company (NNPC) Limited.
“We have gone up to 550,000 barrels per day, that is 85 per cent capacity in crude distillation,” Mr Devakumar said in December.
The refinery was forced to source crude from international markets following a dispute with the Nigerian state oil firm, the NNPC, over a crude supply deal under which Dangote Group had agreed to sell a 20 per cent stake in the refinery to NNPC for $2.76 billion.
In December 2024, on the back of the crude-for-Naira scheme, the volume of black gold supplied to the Lagos-based facility went 40 per cent higher to 395,000 barrels per day than the 280,000 barrels per day delivered in November.
By Adedapo Adesanya
Stablecoin issuer, Tether Holdings Limited, will move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider (DASP) license in the Central American nation.
According to a statement on Monday, this marks a step in Tether’s journey to foster global Bitcoin adoption banking on El Salvador’s history with cryptocurrency.
“This strengthens Tether’s position in one of the world’s most forward-thinking markets and fosters the development and implementation of cutting-edge solutions more efficiently in a dynamic environment where innovation thrives. It underscores the company’s dedication to leveraging Bitcoin’s transformative potential as it drives growth in emerging markets,” the statement said.
The company said El Salvador is rapidly establishing itself as a global hub for digital assets and technology innovation.
“By embracing blockchain technology and digital currencies, El Salvador is fostering an ecosystem that encourages innovation and attracts investment in the broader financial and technology sectors.
“This strategic positioning is helping to shape the future of financial systems, making the country a key player in the global fintech landscape,” Tether added.
Speaking on this, Mr Paolo Ardoino, CEO of Tether said, “This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets.
“El Salvador represents a beacon of innovation in the digital assets space. By rooting ourselves here, we are not only aligning with a country that shares our vision in terms of financial freedom, innovation, and resilience but is also reinforcing our commitment to empowering people worldwide through decentralized technologies.”
As it takes these next bold steps, the company looks forward to working closely with El Salvador’s government, businesses, and communities to shape the future of financial technology.
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