Economics

Russia Shifts to a Zero-waste Nuclear Cycle in its NPPs

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The global energy crisis, arguably the worst since 1973, is forcing adjustments in nuclear energy policy in the European Union…

PRC-ROK Relations from the End of 2021; the Economic Aspect

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The Chinese market, including Hong Kong, accounts for 33% of Korea’s total trade, but several distinct trends can be identified in the two countries’ economic relations. The first trend is the development of economic cooperation in several areas. For example, on December 22, 2021 South Korea’s SK Hynix received Chinese approval…

Pakistan’s Relations with Russia are Progressing Well

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Historically, relations between Moscow and Islamabad have been rather complicated. After declaring independence from British India, Pakistan made a geopolitical choice in its early decades, opting for close military-political and economic ties with the US, which largely predetermined the cool relations between the former and the Soviet Union. There were…

 

On the First Ministerial Meeting of IPEF Member Countries

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On September 8-9, the first meeting of the trade ministers of the member countries of the Indo-Pacific Economic Framework for Prosperity, which is oftentimes abbreviated to, for some reason, only IPEF (rather than, say, IPEFP), was held in Los Angeles. US President Joe Biden announced the very fact of this association being created on May 23 this year in Tokyo…

Russia, Azerbaijan and Iran Accelerate Work on an Alternative to the Suez Canal

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In order to accelerate the development of the International North-South Transport Corridor (ITC), in particular its railway segment through the Western Chord, a Declaration was signed in Baku by Russia, Azerbaijan and Iran confirming the readiness of these countries to intensify cooperation in the assessment…

“Russian Oil Price Cap”: the Middle East’s Perspective

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Attempts by G7 countries to set a price limit on the sale of Russian oil on world markets are provoking reactions in the Middle East region, especially in oil-producing countries. In local analyst circles, the message promoted by the proponents of this idea that the demand for hydrocarbons has decreased, is not popular. The Americans want to promote this idea…

New Zealand on its Way to Phasing Out Non-renewable Energy Sources

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Today, New Zealand is one of the most environmentally friendly countries in the world. This is not only due to the very low population density and the predominantly agricultural-oriented economy, but also to the fact that the operation of thermal power plants is severely restricted by legislation aimed at protecting…

US Dependence on Russian Uranium and Sanctions Policies

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The energy crisis, exacerbated in recent months by Washington’s anti-Russian sanctions policy, is perhaps the worst such crisis since 1973, when Arab countries imposed an oil embargo to protest Western support for Israel in the Yom Kippur War. It has affected all Western states by now. While the search for new energy sources and improvements to existing relatively…

China’s Long String of Aviation Industry Successes

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In 1951, the young People’s Republic of China decided to develop its own aviation industry. The Aviation Industry Administration Commission was established, which by now has evolved into the state-owned AVIC megacorporation. As a result of more than half a century of work, China has built an aircraft industry that is almost independent of foreign supplies, and…

Europe’s Energy Armageddon From Berlin and Brussels, Not Moscow

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On August 22 the exchange-traded market price for natural gas in the German THE (Trading Hub Europe) gas hub was trading more than 1000% higher than a year ago. Most citizens are told by the Scholz regime that the reason is Putin and Russia’s war in Ukraine. The truth is quite otherwise. EU …

Integration Processes Developing within the EAEU

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On August 25-26, a meeting of the heads of government of the Eurasian Economic Union (EAEU) countries was held in Cholpon-Ata (Kyrgyz Republic), that served as a testament to the successful development of the integration processes of the member countries. A total of nine truly crucial issues was discussed at the meeting of the Eurasian Intergovernmental…

Did Scholz Go to Canada to Take a Shower?

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On a 10-point scale, the current energy crisis in Europe has already received 8 points and a “frightening” forecast from the renowned consulting firm Rystad Energy. As the energy situation in the EU has steadily worsened in recent days, the number of problems facing Europeans is unwaveringly increasing. Europe is now very afraid of freezing to death …


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