Europe’s decision to ban most Russian oil imports is based on a simple calculation: because the EU accounts for about half of Russia’s oil exports, an embargo would roughly halve Russia’s oil-export revenues. But the reality is more complicated. Read More Here
If he follows through on his plans to visit Riyadh, Biden will be making a bad deal: exchanging near-certain reputational damage for the mere possibility of modest triumphs. It is a visit that should never have been planned. Read More Here
The severe tensions between the US and Saudi Arabia didn’t happen overnight; nor will they be somehow magically addressed by the sugar high the Donald Trump administration created by coddling MBS. Read More Here
Despite predictions of doom for the heavily sanctioned Russian economy, nearly two months into Russian President Vladimir Putin’s invasion of Ukraine, his country’s oil exports to Europe and other have actually risen, and its financial sector is so far avoiding a serious liquidity crisis. Read More Here
Far from being in an unenviable bind, New Delhi now looks well placed to leverage its position in the middle for its own benefit in the short and long term. Read More Here
Even more than the Emiratis, the Saudis hold the key to oil wells and expect big concessions from the United States before opening their taps and reversing their pro-Russia oil policy. Read More Here
While the U.S. and Europe are congratulating themselves over the speed and effectiveness of sanctions against Russia, many Indians decry their hypocrisy and unilateralism. Read More Here
The war in Ukraine could not have come at a worse time for the global economy—when the recovery from the pandemic-induced contraction had begun to falter, inflation was surging, central banks in the world’s largest economies were gearing up to hike interest rates, and financial markets were gyrating over a formidable constellation of uncertainties. Read More Here
Even if the current sanctions imposed on Russia do not explicitly target the energy trade, sanctions on banks and other entities will impede Russia’s oil, natural gas, and coal exports, wreaking havoc on global energy markets. Read More Here
Traditionally, Beijing had been wary of getting embroiled in a region that a Chinese scholar once described as a “chaotic and dangerous graveyard burying empires.” But in 2014, Xi vowed to more than double trade with the region by 2023. Read More Here
looking beyond borders 