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The Kazan Ansat helicopter deal has sparked controversy due to the cost, lack of transparency and utility of the purchase amidst an economic crisis. Serviceability is also an issue, due to US sanctions.
Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.
Countries outside the US/UK/Europe bloc are leaving the dollar-based trade community at a rate which has begun to alarm US geopolitical strategists, and neocons in particular.
Beijing woos region at a time when Russia is too distracted by the Ukraine war to focus effectively on its backyard.
The Uzbek government is going to continue to focus on economic stability, bringing inflation down, making the country more attractive to international investors and boosting trade with World Trade Organisation (WTO) membership.
Stans were eager for red carpet treatment. Notably, Russia was not invited.
Adjusted quarterly growth showed a huge rebound of 3.9% in the first quarter which more than compensated for the fall of 2.3% q/q in October-December.
Part of the reason the NDB was set up is that the inflow of investment to the emerging world has underperformed in the last few decades and the investment needs remain enormous.
Brazil’s President Luiz Inacio Lula da Silva urged the bloc to come up with an alternative to the greenback in foreign trade. China had previously voiced its support for BRICS having a common currency.
Of the many questionable statements Vladimir Putin has made over the years, the one concerning the tragedy of the collapse of the Soviet Union may have been the closest to the truth, but not in the way he intended.
Like the original "iron lady" Margaret Thatcher, Kallas has won a reputation for her tough stance against Russia, whilst also seeing her popularity rise during a war.
A post-Putin Russia will be a land of blood, toil, tears and sweat, but not of victory or a future. “Après nous, le déluge!” said Madame Pompadour, commenting on problems inherited from Louis XIV that led to the French Revolution.
The Council of Foreign Ministers meeting of the Shanghai Cooperation Organisation (SCO) met in Goa and saw old rivals try to put aside their rivalries in an effort to build a more co-ordinated coalition of developing countries.
In the heart of Europe and caught between east and west, Poland is a country where geopolitics has a real, immediate and visceral effect on its people in a way that the rest of Europe struggles to understand.
The EU should leverage the diplomatic aspect of the Community to amplify the pro-European message in its eastern neighbourhood. While keeping Georgia close is crucial, so is integrating Armenia and Azerbaijan.
Has the US just made a strategic blunder? In leading the military support of Ukraine’s fight against Russia, introducing a massive package of sanctions and weaponising the dollar, the West is driving the leading EMs into a BRICS bloc.
As Russia’s war in Ukraine upends the flow of fuels and commodities around the globe, countries including its ex-Soviet neighbours are hunting for alternative routes that avoid Russia.
A panhandling president is unaccountable to his Western benefactors.
Trade turnover between Russia and Uzbekistan may reach $12bn this year compared to around $10bn in 2022, TASS on April 26 reported Russian Deputy Prime Minister Denis Manturov as telling reporters. ...