According to a Monday Invesco study of central banks and sovereign wealth funds, more nations are returning their gold holdings as insurance against the kind of sanctions the West has imposed on Russia. The financial market collapse of last year resulted in significant losses for sovereign money managers, who are now “fundamentally” reevaluating their business […]
NATIONS BRINGING GOLD HOME AFTER SANCTIONS AGAINST RUSSIA Read More »
The foreign ministers of the European Union sanctioned Iran for the fourth time, talked about imposing sanctions on Russia for the tenth time, and approved $540 million in additional military funding for Ukraine. The overall military expenditure by the European Union and its member states for Kiev since the conflict there began almost a year
EU IMPLEMENTS NEW SANCTIONS AGAINST RUSSIA AND IRAN Read More »
The imports of finished European vehicles into Russia have increased after a steep decline after sanctions, despite the impending danger of criminal punishment for those involved. To transport vehicles from Europe, through Iran, and across the Caspian Sea into Russia, Russian logistics companies employ third parties. The European Commission put up a proposal in December
DESPITE LEGAL GRAY ZONE, RUSSIA SEES INCREASED VEHICLE IMPORT Read More »
Serbia and Azerbaijan signed bilateral memorandums of understanding last month to deepen and enhance earlier this year’s gas and power deals, as well as to expand their cooperation in the energy sector. The agreements may appear to be of secondary importance to current geopolitics at first look, but they could have significant ramifications for the
DUE TO A SHORTAGE OF GAS AND ELECTRICITY, SERBIA WILL LIKELY JOIN EU SANCTIONS ON RUSSIA Read More »
Energy analysts predicted that OPEC and non-OPEC oil producers might decrease their output even more on Sunday as the key energy alliance considers the effects of a potential ban on Russian crude exports and a potential price ceiling on Russian oil. On Sunday, OPEC+, a group of 23 oil-producing countries led by Saudi Arabia and
The European Union (EU) is prepared to extend penalties against Chinese officials for an additional year after accusing them of committing “severe human rights breaches” in the western region of Xinjiang. According to several diplomats with knowledge of the issue, the sanctions, which were first imposed on four people and one entity in March 2019,
XINJIANG-RELATED EU SANCTIONS AGAINST CHINESE OFFICIALS WILL BE RENEWED Read More »
The European Union has placed a complete ban on crypto services to Russian entities as part of its eighth round of sanctions. On the 6th October the European Union adopted a new round of sanctions on Russia in response to Moscow’s annexation of four Ukrainian territories, which was legally finalized by President Vladimir Putin this
CRYPTO CURRENCY STRUCK BY NEW RUSSIA SANCTIONS Read More »
Russia is one the world’s biggest rough diamond exporters, and annually it exports around $4 billion worth of rough diamonds, representing one-third of global production. But surprisingly, amid the Russia-Ukraine war, Russian rough diamond export has not been affected by the sanctions the EU adopted since the beginning of the conflict. Despite six rounds of
Experts’ forecasts indicate that we will not return to the pre-pandemic scenario, because another risk has emerged in the world, a potential permanent one, impacting the supply chain. Adding to the volatility of the pandemic and the inconvenient geopolitical situation is the systemic impact caused in the supply chain by climate change before and after
CLIMATE CHANGE: A RISK FOR SUPPLY CHAINS Read More »
In March, Russia temporarily banned grain exports to the member states of the Eurasian Economic Union (EAEU) – Kazakhstan, Kyrgyzstan and Armenia – until June. Belarus, which is also a member of the EAEU, has been exempted from the ban. In response, Kazakhstan banned wheat exports to its Central Asian neighbors. Kazakhstan is a major
EU-RUSSIA SANCTIONS AND GLOBAL FOOD SHORTAGES Read More »
