News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures represent the percentage of debt that a country has as compared […]
US President Donald Trump and the European Commission have been discussing a new round of secondary sanctions to be placed on China and India to ‘persuade’ them to stop buying Russian oil. Conversations were held by phone yesterday (September 9) and included plans to levy EU and US import tariffs of up to 100% on
Russia’s state-owned nuclear operator, Rosatom, is preparing to raise funds on the Chinese bond market. Rosatom, which builds nuclear power plants in Russia and abroad, is discussing the possible timing of a sale of RMB Yuan “Panda Bonds” and advise on how much it might raise. We first raised the intelligence that the offering was
Rosatom To Raise Capital On China’s Panda Bond Markets Read More »
The Russian Deputy Prime Minister, Alexander Novak, has proposed to the new Syrian authorities that the Russia-Syrian Intergovernmental Commission on Trade and Economic Cooperation should now be reactivated. He was speaking as part of a Russian delegation with Syrian officials in Damascus. Novak stated that “We propose to resume the work of the intergovernmental commission
Russia Proposes Re-Launch of the Russia-Syria Intergovernmental Commission Read More »
The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da
The BRICS Virtual Summit: A Dry Run For The UN General Assembly: Text & Analysis Read More »
The trade turnover between Russia and China, which grew by almost 2% last year to US$245 billion, can be expected to grow by another US$30 billion in the coming two years, according to Peter Zaselsky, the Chairman of Russia’s Roseximbank. He was speaking at the Far Eastern Economic Forum in Vladivostok. Russia-China trade turnover has
Russia-China Bilateral Trade Turnover Forecast To Grow Another 30% By 2027 Read More »
Plucky little Laos, in southeast Asia, has just become the latest country to ignore US import tariffs, by stating that it will redirect its US exports to other markets. Laos has been hit with a 40% import duty on its products. What is surprising about this move is that Laos is a relatively small country,
Why Trump Won’t Win The Tariff Wars: The US Economy Is Too Small Read More »
Laos could reroute its coffee sales from the US to Russia due to the 40% tariffs imposed by US President Donald Trump, Laotian Prime Minister Sonexay Siphandone has stated. Trump imposed levies on goods from Laos last month as part of a broader flurry of country-specific tariffs aimed at addressing what he called unfair trade
Laos To ReRoute US Coffee Exports To Russia If US Tariffs Persist Read More »
The Cypriot-based Burger King Russia is the latest EU listed company to have redomiciled its business from the European Union to Russia, where it will continue to operate as BKR ICLLC. According to the Russian Unified State Register of Legal Entities, Burger King Russia was re-registered on September 1 in Kaliningrad’s special administrative region. The
Relocations Of EU Listed Companies To Russia Reach Exodus Proportions Read More »
Russia’s FESCO transport group has transported a record volume batch of over 9,000 tonnes of peas during August, from southern Russia to China. FESCO stated that “The delivery was carried out with the leading exporter ‘Sila Sibiri’ using the regular FESCO Black Sea Service (FBSS) on the Novorossiysk Qingdao route.” This is part of the
China Imports Record Volumes Of Russian Dried Peas Read More »
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