The Russian economy will contract by 35% in the second quarter of 2022, and by 7% overall this year, according to JP Morgan. That’s probably an extremely conservative estimate that doesn’t take into account the …
Tag Archive for: "sanctions"
Beijing’s goals, set out in numerous speeches by Xi Jinping and in decisions and actions, are clear now. Number one remains Xi and the Chinese Communist Party staying in power indefinitely as rulers of China’s …
The West is waging a hot economic war against Russia. That Rubicon has been crossed. The West is fighting this war by arming Ukraine and imposing an economic blockade that explicitly aims to eliminate Vladimir …
Planet A US President Joe Biden has moved to ban Russian oil imports with bipartisan congressional support. The White House is also trying to coordinate a wider oil embargo with European allies. Only 3% of …
China and Russia may be allies in autocracy, but their attitudes towards engagement with the global economy could not be more different. Whereas Vladimir Putin has devoted the past 20 years to making Russia’s economy …