Russia’s recession, then, will be sharper, longer, and more painful than initially anticipated. And it’s not just because of the “meddlesome” West or its financial sanctions. Russia is squarely in the crosshairs of some ongoing changes in the world economy, changes that are going to make the next few years a lot more challenging than the past few. Read Here – The Moscow Times
Narendra Modi’s ‘Look West’ Policy, unveiled in the India-UAE Joint statement, will succeed because West Asia is ‘looking East’ worried about the emerging strategic instability in its own neighbourhood and the structural shift in the global energy market, writes Sanjaya Baru Read Here – The Hindu
Iran and six major world powers reached a nuclear deal, capping more than a decade of on-off negotiations with an agreement that could potentially transform the Middle East, and which Israel called an “historic surrender”. Read Here – Reuters
This May’s parade in Moscow to commemorate the 70th anniversary of the end of World War II promises to be the greatest Victory Day celebration since the Soviet Union’s collapse. Some 16,000 soldiers, 200 armored vehicles, and 150 planes and helicopters are set to pass through and over Red Square. It will be a scene […]
Iran’s geostrategic location makes it an intrinsic part of India’s security and economic space. A stronger and more globally integrated Iran will be an asset for India. Read Here – The Hindu
With a new king and a young, untested defense minister, Riyadh has plunged headlong into war in Yemen. At stake is nothing less than the kingdom’s position of leadership in the Arab world. Read Here – Foreign Policy
Russia doesn’t just need petroleum to fuel its tanks and planes, but to pay for them as well. Because oil and gas revenues comprise half the federal budget, defense spending is tethered to energy prices. Read Here – Moscow Times
To some Western analysts, Salman’s moves also appeared to stress a pendulum swing to the so-called Sudairi block of the Al Saud, the seven brothers born to Abdulaziz by his favorite wife, from a group of princes long led by the late Abdullah. Read Here – Reuters
Just as King Abdullah pledged massive new public expenditures to push back against the Arab Spring, Salman offered an estimated $30 billion in handouts to a wide range of Saudi social groups, including military officers, public employees, students, retirees, the poor, and disabled. Read Here – National Interest
Mr. Rajan, the governor of the Reserve Bank of India, has been honored with awards this winter for his role in helping to bring momentum back to the country’s economy. His unexpected interest rate cut on Thursday helped strengthen emerging market stocks around the world. At home, the view is less favorable, as Mr. Rajan […]
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