Xi Jinping has made an offer difficult for the Arabian Peninsula to ignore: China will be guaranteed buyers of your oil and gas, but we will pay in yuan. It would be so tempting to qualify Chinese President Xi Jinping landing in Riyadh a week ago, welcomed with royal pomp and circumstance, as Xi of […]
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Noteworthy events to do with increased integration within the Eurasian Economic Union (EAEU) took place in the first half of December 2020. On December 7, representatives of the EAEU and China met during the special negotiation session called “Towards a bigger Eurasia via the integration of nations, businesses and people”, which was organized by the […]
With the rise of protectionist tendencies and Trump’s billowing trade war, the five leaders of the BRICS bloc, which represents over 40% of the world’s GDP, are committing themselves to an even closer degree of economic cooperation in a joint declaration following a meeting in Johannesburg for the annual summit. Trade between BRICS members grew by 30% in 2017, and, in the wake of Trump’s tariffs regime, is likely to increase as members seek to further diversify their trade portfolios as well as mitigate the damage done by Trump’s war to put or keep America on top of the world.
In Sochi, Narendra Modi, the Indian Prime Minister, met with Russian President Vladimir Putin in an effort to boost their relations as well as to identify further areas of mutual interest. India seems also to be keen on potentially doing business within the EAEU, of which Russia is a member, further strengthening their trade relationship. Also on the agenda was security, having to do with establishing a security structure within the region.
Deutsche Welle reports:
A drafted agreement that establishes a free trade zone between EAEU countries and Iran, which was signed by Russia last week, is moving forward, with a provisional accord being agreed upon at the Astana economic forum. The agreement establishes a zone of reduced or duties free trade zone between its signatories.
Armenpress reports:
Opposition leader Nikol Pashinyan has undemocratically wrested control of the Russian allied South Caucasus republic of Armenia. His rise to power took place via mob enforced extortion as he forced out the sitting Prime Minister, Serzh Sargsyan, by threatening the unicameral government with continued paralyzing general strikes on behalf of the nation’s youth, who were mobilized in a massive street protest across the small landlocked country, until his demands were met.
