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Mercantilism is also replacing globalisation, and the US has a declining interest in European affairs.
More than 10 months into the Russian invasion of Ukraine, looking back at 2022, the Kremlin is sparing no effort to at least partially restore the capability of its armed forces, which continue to shrink amidst heavy fighting.
I remember during the 2017 centenary of the February and October Revolutions wondering how the world looked at Russia with great intrigue. How would the Russian state square with this fateful year? How do Russians feel about it now?
Russia has called off what were supposed to be routine talks on implementing the new START missile treaty, signed by Russian President Vladimir Putin and US President Joe Biden in the first week after he took office in 2021.
The question in the title is perhaps a strange one to ask at a time when these two countries seem so powerful and aggressive, the former attacking Ukraine, the latter threatening to take Taiwan. But maybe they have reached their zenith.
I met Mikhail Gorbachev only once, at a Renaissance Capital investment conference in Moscow in 2004, but it was a captivating experience. He was surrounded by a gaggle of investment bankers, who were excitedly fidgeting as if meeting a rock star.
Russia is looking to fast-track its pivot to Asia in order to offset the loss of revenues that its energy divorce with the EU is bringing about. But in the best-case scenario, it would take it at least a decade to ramp up gas supplies to Asia.
Arab oil exporters responded to a visit by US President Joe Biden to the region in July with the smallest increase in quotas in history – just 100,000 barrels per day at an OPEC+ meeting in Vienna on August 3.
Belgrade is reviving ties forged during Yugoslavia’s time as a leader of the non-aligned movement now a new Cold War is looming.
Moscow regards the ban on the transport of certain goods – notably steel and ferrous metal products – between parts of its territory as a violation of a 2002 agreement with the EU.
The war in Ukraine and a chain of unusual weather events may combine to create a global food catastrophe. New data shows which countries are the biggest agricultural exporters. These agricultural superpowers must work together to mitigate the crisis.
With the Ukraine war leading to a long-term economic rift between Russia and West, Russia is set to become dependent on a resurgent China, economists said on a Raiffeisen/wiiw panel.
Russia may ban the export of grains to some of its neighbours in efforts to control food prices until summer.
OK people. It’s time to recalibrate. The war between Moscow and Kyiv in Ukraine just went global. It’s now a full blown economic war between East and West.
Many older citizens across the former Soviet Union look back nostalgically to the ‘golden age’ before the transition but few genuinely want a return to socialism.
US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov met yesterday on the sidelines of the OSCE conference and had an intense but “fruitful” 30-minute conversation.
Moldovan officials stressed their commitment to reform and EU integration as the country’s largest bank MAIB eyes a London IPO.
In 1993, Mikhail Gorbachev spent a small portion of the money from his Nobel Prize for Peace, awarded three years prior, on eight computers requested by a modest journalistic startup. The latter grew to become the liberal newspaper Novaya Gazeta.
Emerging European economies were already facing heavy debt burdens before the pandemic. Now it’s worse. Several countries in Eurasia and Emerging Europe are struggling to pay off huge loans they took from China.