Pages, tagged as «economics»

Germany to Complete Nord Stream 2 Despite US Pressure

Mikhail None Belyaev

Berlin's position on Nord Stream 2 is based on its economic interests

Possible impact of the novel coronavirus

Anna Vilovatykh

The outbreak has become a challenge for the world political regimes

The EAEU to continue its progressive development

Moldova has received an invitation to attend the summit of the Eurasian Economic Union (EAEU) as an observer. The summit was also attended by the leader of Iran and the Prime Minister of Singapore. The parties agreed to remove administrative barriers and fight bureaucracy. In order to do this, they are planning to use digital technologies. In addition, member states approved the Concept for the formation of the EEU common financial market," RISS expert Konstantin Tasits said.

Euro-Atlantic solidarity is deeply cracked

Euro-Atlantic solidarity is deeply cracked, RISS expert Vyacheslav Kholodkov said. Trade negotiations between the European Union and the United States have failed to yield tangible results. Washington wants to include agricultural products and GMOs in future US-EU trade deal. Europe opposes this idea. At the same time, D.Trump proposed to introduce additional duties on European goods, as France has passed tax on US tech giants. The European Union subsidies to Airbus are also being discussed. European automakers are also under threat: Trump's decision to put a 25% tariff on every car from the European Union is expected," RISS expert said.

US-China trade conflict escalates to currency war

US-China trade conflict escalates to currency war, RISS expert Vyacheslav Kholodkov said. Trump labeled China a currency manipulator and accused it of taking concrete steps to devalue its currency. "Trump made this statement after the Treasury Department put China on the currency blacklist. This statement could pave the way for more US sanctions. For example, the US can cut lending to trading firms that have business ties with Beijing," he underscored. Trump also intends to file a complaint against China at the IMF. In expert's opinion, such a threat was Washington's attempt to create an international coalition to put pressure on China.

SPIEF welcomes guests again

The St. Petersburg International Economic Forum (SPIEF) is a very representative event that influences on Russia's and world economy positively, RISS expert Mikhail Belyaev underscored. This year, the forum discusses issues related to climate change, dynamic economic development, and inequality between and within countries. The event will be attended by Russian President Vladimir Putin and Chinese President Xi Jinping. "China has already emerged as a leader in world politics and economy. It is impossible to solve international problems without Beijin," the analyst said.

Europe defeated US in the Nord Stream 2 dispute

Berlin and Paris have reached a compromise on the Nord Stream 2 project – now it can't be blocked. RISS expert Mikhail Belyaev says that Europe defeated US in the Nord Stream 2 dispute and demonstrated its political independence. "Europe once again demonstrated to the world hegemon that it is not almighty and its dictate is not absolute, as the future wellbeing of the EU countries is on the scales," he underscored.

Shanghai exchange "blows up" the world market

The Shanghai International Energy Exchange (INE) is becoming increasingly popular among the world's largest oil exchanges and on a par with the New York and London stock exchanges, RISS expert Vyacheslav Kholodkov said. "All Chinese traders and large oil companies have moved to the Shanghai stock exchange. Now it has more than 400 Chinese and foreign participants. They carry out test oil futures transactions in Shanghai, but are planning to start full-scale trade," he pointed out.

Europe is arguing about money again

The French and German Finance Ministers announced the creation of eurozone finance minister and budget. The zone involves countries that have officially introduced the Euro. The reform will lead to a more rapid development of the eurozone countries in comparison with the states that will remain on the European periphery, RISS expert Oksana Petrovskaya said. She added that the funds of the single eurozone budget will primarily be invested in innovative development, various researchments, and human capital.

Washington's new approach to Beijing

Sanctions are a powerful tool of American foreign policy towards China, due to which Washington has a significant advantage, RISS expert Evgeny Rumyantsev commented on the recent speech of Vice President M.Pence at the Hudson Institute. "As Pence considers, the US is quite a free country unlike China in economics. The Chinese economy primarily depends on the export and raw materials supply from abroad," he explained.