The European Union is inching closer to a ban on purchases of Russian oil as part of a new package of sanctions on Russia for its invasion of Ukraine, and
The European Commission proposed a series of sanctions today that included a ban on all European Union purchases of Russian oil, be it crude or refined, via pipeline or tanker. But,
In a series of reports in March, we warned that the demand on March 23 by Russia’s President Vladimir Putin that going forward “unfriendly nations” pay for Russian natural gas
The European Commission proposed a fifth package of sanctions today against Russia over its invasion of Ukraine. Originally meant to be more of a maintenance and loophole closing package when
China’s Premier Li Keqiang recently concluded three symposiums to study the impact of the war in Ukraine on the global financial system and on the Chinese renminbi. The meetings focused
Covid and Stock Listings A senior political official in Beijing commented on the Covid situation in Shanghai and its economic fallout in a clear attempt to downplay the city and
Germany’s Chancellor Olaf Scholz spoke yesterday on the phone with Russia’s Vladimir Putin about Moscow’s demand that gas bills be settled in rubles from here on by “unfriendly” countries, like
Russia’s Foreign Minister Sergei Lavrov traveled to Tunxi, Anhui province, in China today ostensibly for a two-day “Meeting of Foreign Ministers of the Neighboring Countries of Afghanistan.” Chinese sources tout
After an initial headline shock, markets generally dismissed demands last week by Russia’s President Vladimir Putin that purchases of Russian gas exports be paid for in Russian rubles instead of
According to China’s state media, President Xi Jinping told Britain’s Prime Minister Boris Johnson in a phone call today that the international community should “truly” promote peace talks, where China
Russia’s President Vladimir Putin announced today that he will demand payment for Russia’s natural gas from countries it defines as hostile be made in Rubles starting in a week, after
In an historic decision, European Union leaders will declare on Friday in Versailles, outside Paris, that they will phase out purchases of Russian gas, oil, and coal, because Moscow’s invasion
Iranian officials negotiating in Vienna to limit the country’s nuclear program in exchange for a lifting of sanctions, including on its critical oil exports, have struck an optimistic tone on
President Xi Jinping has instructed China’s State Council to support Russia in the spheres of economy, finance, trade, and high technology, and to help Russia cope with western sanctions. Chinese
The southern Ukrainian port city of Kherson has fallen to Russian Federation troops, with Mariupol and Kharkiv under siege, and with historic Odessa, where Russia’ President Vladimir Putin has explicitly
The European Commission announced today that due to the expected negative impact of the war in Ukraine on European growth, they will re-think whether EU fiscal rules that impose limits
The European Union has formally adopted the latest package of sanctions against Russia (and Belarus, more on Belarus below), under which seven Russian banks will be disconnected from the SWIFT
Beijing released a statement today after a call between China’s Foreign Minister Wang Yi and Ukraine’s Dmytro Kuleba deploring the outbreak of war between Russia and Ukraine and has publicly
Much has been made in the press and analyst community of statements by China’s Foreign Minister Wang Yi over the weekend expressing Beijing’s support for the territorial integrity of Ukraine.
At 23:10 pm Beijing time (18:10 Moscow time, February 21), Russia’s Foreign Minister Sergei Lavrov placed an urgent call to China’s State Councilor and Foreign Minister Wang Yi. In the
