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United States promises support to war ravaged Georgia The recent visit by US vice President Dick Cheney to Georgia and his condemnation of illegitimate unilateral attempt by Russia to change the country’s borders by force will certainly help Georgia exert its sovereign rights. Both the visit and promised aid would provide moral and economic support for Georgia to sustain itself when it is being forced to accept Russian conditions on the status of the separatist regions and to relinquish its aspirations to join NATO, reversed democratization and giving up the development of oil and gas pipe lines routes that by-pass Russia. Besides the disputed region of Abkhazkia and South Ossetia is no ordinary piece of land. The war was never really just about territory or ideology it was about influence by Russia over a vital energy corridor increasingly vital for the West from the energy security point of view. Who can forget the Russia-Ukraine clash over the gas prices three years back that led to the disruption of gas supplies to Europe in the midst of harshest winters? Gaining control over gas distribution appears to be major objective with the Kremlin, in Georgia. The tendency needs to be checked by the international community. Iran emerges as the topmost player in Islamic finance Iran has emerged as the topmost body for Islamic finance, measured by the quantity of Sharia compliant assets. It is closely followed by Saudi Arabia and Malaysia. Islamic finance rests on the …
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