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Why the Russia-India-China reboot won’t last

August 26, 2025

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Business World Philippines

THE Russia-India-China _alliance, floated in the 1990s as a counterweight to the US, is being revived today as a way for the three countries to ride out the storm of President Donald ‘Trump's trade war. But old suspicions mean the union is unlikely to endure. Despite their shared grievances with Washington, the partnership is more a marriage of convenience.

- By Karishma Vaswani

That reality will be on display this week when the three nuclear powers converge in Tianjin for the Shanghai Cooperation Organization summit. The Kremlin is pressing for a long-awaited trilateral meeting. If the troika did find new life, it would send a powerful signal that the geopolitical heavyweights are aligning in the face of US pressure. But the inherent tensions between India and China, and economic differences between the three, make that outcome unlikely.

That pressure is most acute for India. Until recently a key American partner, it has borne the brunt of Trump’s tariffs. He doubled duties on exports to 50% — due to go into effect on Aug. 27 — as punishment for its purchases of Russian oil.

Beijing, originally Washington’s primary target, is enjoying a temporary reprieve, but is stuck in a long-term strategic competition. And Russia, battered by sanctions and bogged down in Ukraine, is on the hunt for friends to blunt its isolation. Moscow first dreamed up the idea of RIC, as it was dubbed, in the 1990s. Then-Prime Minister Yevgeny Primakov proposed the formation of the group to challenge the US’s global influence. The coalition looked formidable on paper — three nations with huge economies and populations. In practice, it’s always been undermined by mistrust, above all between rivals India and China.

المزيد من القصص من Business World Philippines

Business World Philippines

Business World Philippines

A CARS-AND-COFFEE AFFAIR

PGA Cars brews another community-building ‘World of Supercars’ event

time to read

2 mins

April 27, 2026

Business World Philippines

Business World Philippines

The triple burden of malnutrition in the Philippines and a triple win policy

Amid limited access to affordable healthy food, rising disease prevalence, and high out-of-pocket healthcare costs, the Filipino people face the triple burden of malnutrition, a crisis reflected in empty plates, hidden hunger, and heavy scales.

time to read

4 mins

April 27, 2026

Business World Philippines

Business World Philippines

Securing the digital future through national connectivity

IN A WORLD where high-speed internet has transitioned from a luxury to a fundamental human right (essential for education, commerce, and governance), the Philippines has found itself caught between ambitious goals and the stubborn reality of its geography.

time to read

4 mins

April 27, 2026

Business World Philippines

BPI shares fall on earnings, rate hike

SHARES of Bank of the Philippine Islands (BPI) declined last week after softer first-quarter earnings and the Bangko Sentral ng Pilipinas’ (BSP) latest rate hike, with analysts citing concerns over near-term profitability and loan growth.

time to read

4 mins

April 27, 2026

Business World Philippines

BSP says ‘A’ credit rating by 2028 still possible

THE PHILIPPINES could still obtain an “A” credit rating before the Marcos administration steps down even after credit rating agencies expressed concerns over the country’s heightened exposure to the Middle East war, the Bangko Sentral ng Pilipinas (BSP) said.

time to read

1 mins

April 27, 2026

Business World Philippines

London copper prices drift lower; focus on possible restart of Iran-US talks

Copper prices edged down on Friday on worries about the continued closure of the Strait of Hormuz, though losses were limited on news that peace talks between the US and Iran could resume over the weekend.

time to read

1 min

April 27, 2026

Business World Philippines

Business World Philippines

Trump safe after shooting at White House press dinner

President Donald J. Trump and first lady Melania Trump were rushed out of the White House Correspondents' Association dinner in Washington by Secret Service agents on Saturday night after a man opened fire on security personnel nearby.

time to read

3 mins

April 27, 2026

Business World Philippines

T-bill, bond rates may be mixed as BSP signals more hikes ahead

RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) to be auctioned off this week could be mixed after the Bangko Sentral ng Pilipinas (BSP) increased benchmark borrowing costs last week and signaled further tightening.

time to read

3 mins

April 27, 2026

Business World Philippines

As Roundup maker goes to Supreme Court, Americans worry about pesticides

Most Americans are worried about pesticides and oppose shielding companies from lawsuits over hazardous products, according to a Reuters/Ipsos poll conducted ahead of US Supreme Court arguments involving Bayer's Roundup weedkiller.

time to read

1 min

April 27, 2026

Business World Philippines

Suzuki PHL to open mega facility in Laguna

SUZUKI PHILIPPINES, INC. (SPH) broke ground on its Integrated Parts Warehouse, Service Training Center, and Office Facility located in Carmelray Industrial Park 1, Calamba, Laguna.

time to read

1 mins

April 27, 2026

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