New Moldovan coalition looking to clean house

The Moldovan coalition government, formed by the pro-West ACUM bloc and the pro-Russia Party of Socialists, will primarily focus on purging the country’s government circles, leaving geopolitical issues for later. According to experts interviewed by Izvestia, the coalition will remain viable as long as domestic political reforms are underway. However, sooner or later the new authorities will have to agree on a foreign policy course, which may spell the end of this marriage of convenience.

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Russia has no plans of tightening security in Strait of Hormuz

Moscow is not planning to beef up its military presence in the Strait of Hormuz in the wake of the recent oil tanker attacks, Russian State Duma (lower house of parliament) Defense Committee Chairman Vladimir Shamanov told Izvestia. According to him, Russian vessels are not in jeopardy and therefore there are no grounds for tightening security. Meanwhile, the United States, the United Kingdom and Saudi Arabia have deployed additional forces to the Gulf of Oman, supposedly to protect their vessels from the Iranian threat.

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Oil tanker incident heats up tensions between US, Iran

From now on, all oil tankers passing through the Strait of Hormuz are going to have additional security, and maritime patrols in the region are going to be beefed up, Izvestia learned from a source in Norway’s Frontline company, whose Front Altair oil tanker was one of the two vessels that had come under attack in Iran’s territorial waters on Thursday. However, experts interviewed by the paper say it is too early to blame the incident on Tehran.

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Ukraine’s opposition plans to unite forces

Ukraine’s “Opposition Platform – For Life” and “Opposition Bloc” parties plan to unite after a six-month split, seeking to seize the initiative in the country’s southeast and gain more votes at the upcoming parliamentary election, Izvestia notes.

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Rare Earths Market Could Become Next Victim of US-China Trade War

China’s plans to raise tariffs on metal ores and concentrates to as high as 25 percent from 1 June will take a heavy toll on California-based miner Mountain Pass Materials and create serious difficulties for Texas-based Blue Line Mining, which plans to establish the only large-scale facility for rare earth mineral production in the US.

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US-China trade war to spark global recession

Rather than dying down, tensions between Washington and Beijing are only heating up. US President Donald Trump has raised tariffs on Chinese goods from 10% to 25%, but Beijing has not responded to the move so far. Nevertheless, Washington has suggested that China should reach a trade deal now if it wants to avoid more serious consequences. Economists fear that the standoff between the two countries will trigger a global recession, and a collapse of oil prices and stock markets, Nezavisimaya Gazeta writes. “For Russia, escalation of the trade war does not bode well. In the future, global recession will result in the collapse of commodity currencies, including the ruble,” experts say.

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Economic Spat Between US, China Could Move Into Political Sphere

The US-China trade negotiations have entered a new stage that is unlikely to end with the US taking a step towards lowering import duties on Chinese goods. An expert from the Russian Institute for Strategic Studies (RISI), Mikhail Belyaev, has expressed such a forecast in an interview with Sputnik.

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Syria to restore bridges across Euphrates

Syria, with the assistance of Russia and China, will soon begin to restore bridges across the country’s longest river, the Euphrates, Syrian Minister of Economy and Trade Mohammad Samer al-Khalil informed Izvestia on the sidelines of the Yalta International Economic Forum

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Putin, Kim Jong-un can discuss UN sanctions against North Korea

Russian President Vladimir Putin and North Korean leader Kim Jong-un can raise the issue of easing international sanctions against North Korea during the upcoming negotiations, Roman Lobov, a Valdai Club expert and a Research Fellow at the Center for Asia and Pacific Region at the Russian Institute for Strategic Studies, told TASS on Tuesday.

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