The article defines the current geopolitical situation as the Second Cold War which resembles a lot the configuration of a global counteropposition between the USA and the Soviet Union in the 2nd half of the 20th century. The term “Cold War II” has already been introduced to the Western scientific literature and is made to emphasize that the current conflict between Russian and China, on one hand, and the USA and their allies, on the other, replicates many of the processes which were going on in the world after World War II but still possesses a number of characteristic traits. The paper analyses concrete parallels in the international political and economic relations in Cold War I (1946-1991) and in today’s world. A comparative analysis is made of military, political, ideological, and economic aspects of the two Cold Wars. The distinction between the two periods is made, and a forecast of the development of international relations in the context of this global opposition in the 21st century is made.
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