EMerging Equity
Sanctions
EU, U.S. Lift Sanctions On Iran
Western sanctions against Tehran have been officially lifted on Saturday after the UN nuclear watchdog – the International Atomic Energy Agency (IAEA) – released a statement saying Iran has fulfilled all of the measures required under its deal with six world powers. “The report was submitted to IAEA board of governors and to the United … Continue reading
Tehran Approves Russian-Iranian Joint Bank
Iran has approved Russia’s proposal to launch a joint bank for investment in bilateral trade and economic projects, a deputy co-chair of the Russian-Iranian intergovernmental commission said Wednesday, Russia’s Sputnik News Agency reports. “It [the establishment of the bank] could be done very soon, depending on technical issues and how they could be resolved,” Mehdi Mohtashemi told RIA Novosti. … Continue reading
EIB And World Bank Join Forces With New Agreement To Support Ukraine
Lima, 9 October 2015 – The European Investment Bank (EIB) and World Bank (WB) today signed an agreement under EU guarantee that aims to facilitate the purchase of gas by Ukraine’s national gas company, NJSC Naftogaz. The agreement was signed today by EIB President Werner Hoyer and World Bank Group President Jim Yong Kim. The EIB … Continue reading
Building The Southern Silk Road
By Vijay Prashad On September 22, a seemingly nondescript meeting was held in Tehran, Iran: The Road Maintenance and Transportation Organisation (RMTO) held its first expert meeting for the Iran-India-Afghanistan Agreement on Transit and International Transportation Cooperation. Bureaucratic acronyms and legalistic language abounds. None of this seems – on the surface – to be greatly important. But this … Continue reading
De-Dollarization: Russia Wants Firms To Default On Western Loans, Ban Firms From Using FX/FX Loans
By Pepe Escobar Let’s start with some classic Russian politics. Finance Minister Anton Siluanov is drawing up Russia’s economic strategy for 2016, including the government budget. Siluanov – essentially a liberal, in favor of foreign investment – will present his proposals to the Kremlin by the end of this month. So far, nothing spectacular. But then, … Continue reading
Falling Oil Prices Hurt Russia More Than Sanctions
By Ante Batovic As oil prices continue to go south and emerging markets remain in turmoil, Russia is struggling to keep its sanction-affected economy floating. For years, the Russian economy enjoyed stable growth rates supported by high commodity prices – oil and gas, in particular. Everything changed in 2014, when a combination of Western sanctions … Continue reading
Russia Is Going To Pass A Law Formally Dumping The U.S. Dollar
By Michael Snyder Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar. If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States. In addition to Russia, that list of … Continue reading
Western Sanctions On Russia – Russia-China Cooperation: A Tectonic Shift Of World Economics, World Power?
By Peter Koenig and The Saker The Saker: How is Russia coping with sanctions so far and what are the prospects for the future? Peter Koenig: Let’s begin with what are ‘sanctions’? – Sanctions are (economic) punishments by the self-proclaimed empire in Washington and its European minions on any country that does not follow the … Continue reading
Putin’s Pivot to China: Profit-Free, But Problem-Rich – OpEd
By Pavel K. Baev China will host a huge military parade in Beijing on September 3, and President Vladimir Putin will be in attendance—returning President Xi Jinping’s earlier gesture of Sino-Russian partnership, which the Chinese head of state expressed as the top guest of honor at the parade in Moscow on May 9. Yet, this past … Continue reading
In Russia, The Auto Industry Is In A Tailspin
By Daniel Schearf Russia’s auto industry appears to be in reverse along with the contracting economy and sliding ruble. At the opening of the International Moscow Automotive Forum this week, a Russian business association representative spoke openly about the crisis facing industry leaders, his concern echoing industry insiders who say the country relies too heavily on … Continue reading
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