Russia's Pivot To Asia: Issue 52

This week has seen significant geopolitical activity take place, including an emergency BRICS summit which outlines concern about US tariffs, and reform at the United Nations. The UN General Assembly is at the month end, our BRICS article is a useful background precursor as to what might occur. Russia and China have made significant progress in the Far East, which we also highlight in Putin’s comprehensive speech about the region, and the Power of Siberia 2 agreement. China has also agreed to import more Russian gas from Kazakhstan. Otherwise, tariff sabre rattling continues, with talk of 100% import tariffs by the EU and US on Chinese and Indian goods. We also give our opinion on why Trumps tariffs will not succeed when it comes to larger consumer markets. We additionally raise concerns about European debt levels, as what is fast becoming a new global financial crisis appears to spread. Better news comes from Russia-China trade forecast and interesting developments within ASEAN. With best regards; Russia’s Pivot To Asia