The Kingdom of Saudi Arabia might determine to ‘appropriate’ the ‘distorted’ map on its 20 Riyal banknote on the requests of the Indian authorities, reviews indicated. Including that Saudi Arabia can also be more likely to withdraw the banknote quickly, reviews mentioned the 2 sides had reached a consensus on India’s place in Jammu & Kashmir.
As first reported by EurAsian Times last month, Saudi Arabia had launched a 20 Riyal banknote to commemorate its presidency of the G-20 summit on 21-22 November 2020. The bottom of the notice had angered each India and Pakistan because the map confirmed the entire of Jammu and Kashmir, together with Pakistan-controlled Kashmir as a separate territory altogether. The map additionally didn’t present Gilgit-Baltistan as a part of Pakistani territory.
The territory of Kashmir is disputed between India and Pakistan for the previous 70 years, and Saudi Arabia appears to have ignored the claims of each the neighbors over the Kashmir area, even neglecting the considerations of its long-time ally Pakistan.
However now there are all of the indications of the Kingdom endorsing India’s declare on the territories of Jammu & Kashmir by releasing a brand new map. Contemplating the relations between the 2 international locations are reaching new heights, with business transactions occurring in billions, by commerce and mutual investments, Saudi Arabia is anticipated to formally acknowledge India’s claims on the Kashmir territory.
The ties between India and Saudi Arabia have grown exponentially in current occasions. Prime Minister Narendra Modi in October final yr visited Riyadh, signing the Strategic Partnership Council Settlement, which identifies India as Saudi Arabia’s strategic associate nation underneath ‘Imaginative and prescient 2030.’
Saudi Arabia has given clear indications of the place its priorities lie, which is India. The dominion is slated to speculate 15 billion USD in India’s Reliance Industries, as reported by Financial Instances on 10 August 2020. Then there may be the funding of round 60 billion USD in an oil refinery in India by the Kingdom, aside from a plethora of different high-value investments into numerous Indian corporations.
Alternatively, the relations of Saudi Arabia with Pakistan have hit a brand new low after a slew of political and geopolitical tensions this yr. The Kingdom has repeatedly refused to endorse the place of Pakistan on Kashmir on a number of worldwide platforms, leading to criticism of its overseas coverage from Pakistani leaders.
The tensions had reached a stage the place Saudi Arabia determined to finish a mortgage and related oil provides to the cash-strapped nation after Islamabad criticized the Kingdom on its Kashmir stand within the Group of Islamic Nations (OIC).
The brand new geopolitical developments have worsened this division, nonetheless, as soon as Joe Biden takes an oath in January, Saudi Arabia could not benefit from the backing it did underneath Trump’s regime, which might power it to tone down its rhetoric. The continued G20 Summit goes to throw up some attention-grabbing information concerning the energy divisions underway internationally, and a consensus on Kashmir.