Abstract: This examines promising directions in Sino-Russian cooperation as a deterrent factor of multidimensional confrontation in the G2 format. The subject of this research is modern and advanced mechanisms of cooperation of geostrategic importance between the two countries, adapted to the global requirements. The goal of this work consists in the review of the common pursuit of the nations for more equal distribution of global power in the aftermath of American hegemony as a result of global trade. The emergence of new regional actors and their ability to operate on the global level and beyond the ideological constraints is analyzed through the United States-China relations, promising trade agreements of China with the European Union and Russia. The author considers the existing hypothesis on the prospects of concentration of regional power and emergence of new actors. The modern forecasts regarding the future of Sino-Russian cooperation are compared with geostrategic approach on the basis of the national interest and sovereignty of the countries in the absence of sound ideology for the purpose of conceptualization of future scenarios and mechanisms for prevention and settlement of conflicts. In conclusion, the author underlines the common pursuit of Sino-Russian cooperation for achieving the objectives of geostrategic nature, which constitutes the dynamic foundation for more equal distribution of world power. This article provides an actual approach towards future globalization scenarios, which would assist to prevent and resolve the conflicts using innovative models of international cooperation in the globalized region.

Keywords: International Cooperation, Conflict, Globalization, European Union, United States, China, Russia, G2 Format, Geostrategic Policies, Regional Actors

Abstract: Diplomatics has always been interconnected with economy particularly the development of international trade. However, unlike the previous historical periods, the era of global interaction, developing an intense economic competition, simultaneously contributes to growth of interdependence between economic systems of various countries. Thus, there arises a legitimate question: whether or not the professional diplomats and experts in international relations should be concerned with the state economic administration. What are the practical and theoretical grounds for studying economic coercion from the position of world politics and science on international relations? It is suggested that such articulation of the problem initially implies presence of an objective need for detailed analysis by the expert-analytical community of economic sanctions (same as other instruments of economic coercion) in the context of global and regional international politics. The goal of this research consists in conceptualization of the term “economic sanctions” as a category of international-political science in light of its more relevant analytical angles and theoretical-methodological approaches. A conclusion is made that the effective application of economic sanctions as a regulatory instrument for international politics is often overestimated. The states that initiated sanctions launch a sanction mechanism in such instances, when they do not see other alternatives for various reasons. Sanctions become successful when imposed by an entire coalition, rather than a separate country; then in can affect the political elites and not only the regular citizens. The scientific novelty and practical importance is defined by the fact that the acquired results can be used in scientific and pedagogical activity in studying specific forms and methods of realization of economic diplomacy in Russia and foreign countries, as well as can be of interests for the experts in international political and economic cooperation.

Keywords: International Relations theory, Global Politics, International Political Economy, International Relations, economic diplomacy, economic coercion, economic sanctions, political theory, political methodology, World Eсonomy