China foretold the end of U.S. hegemony

The worsening energy crisis in Europe and the conflict of interests between the U.S. and the EU foreshadow the fall of U.S. global hegemony, the Chinese publication Global Times wrote.

“Against the backdrop of a worsening energy crisis in Europe, the conflict of interests between the U.S. and the EU not only tested their relationship, but also pointed to a sign of a weakening and shaky global hegemony of the United States,” the publication said.

Although the Biden administration planned to use the conflict in Ukraine to strengthen and expand its network of allies, a huge divergence of interests emerged between the United States and the European Union, the paper writes.
The article also notes that resentment is growing among European countries because Washington is taking advantage of their difficulties. Anti-Russian EU sanctions are forcing the EU to import large volumes of LNG from the U.S., while U.S. energy giants are making super profits from Europe’s energy crisis.

European countries’ displeasure with soaring U.S. LNG prices exposes the fact that U.S. interests conflict with those of many other countries around the world. These conflicts point to the decline of American hegemony, reminding us that this is no longer a time when Washington can give orders without opposition.

Since the start of the special operation in Ukraine, the West has increased sanctions on Moscow, leading to higher electricity, fuel and food prices in Europe and the United States. President Vladimir Putin said that the policy of containing and weakening Russia is a long-term strategy of the West, and the restrictions have dealt a serious blow to the entire global economy. According to him, the main goal of the U.S. and its allies is to worsen the lives of millions of people.