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Chinese officials view the Shanghai Free Trade Zone as a means to create a pro-reform environment domestically and create the conditions for the conclusion of a U.S.-China Bilateral Investment Treaty and even an eventual accession to the Trans-Pacific Partnership Agreement.
The BRICS bank is both an alternative to the IMF and the World Bank, and a triumph for cooperation over the pursuit of narrow national interests.
As new rounds of Western sanctions seem more likely, some large Russian companies are moving their cash reserves away from Western banks and currencies. In the long run dependence on China’s money and its financial institutions may be a new reality for Russian leaders for decades.
The effect of the new sanctions on the Russian oil and gas industry might be very sensitive while at the same time saving large sums of money on projects with impossibly long payback prospects. Either way, Western governments are now doing basically what the Russian leader always wanted, staying away from Russia’s oil and gas.
Looking at the Eurasian Economic Union from Kazakhstan’s perspective, the EEU offers more benefits than drawbacks to the country’s leadership.
While the two major Asia-Pacific trade initiatives, the TPP and RCEP, differ in their levels of ambition, they share common aims and hold the potential to bring important positive economic and geopolitical benefits to the region.
Ambassador Pascual shared his perspectives on some of the key energy issues during his tenure at the Bureau of Energy Resources at the State Department, as well as ongoing energy challenges.
Ukraine’s position as an important transport corridor for Russian gas has resulted in various periods of conflict between Ukraine and Russian-state owned gas companies. But, even though both recognize they will not reach a long-term agreement quickly, one can easily see that the number of disagreements between them is not great. Both realize the need to compromise.
The BRICS bank is good news for developing countries. If done right, it could change the landscape for multilateral development financing.
The fundamental dilemma of Moscow’s policy lies in whether it is worth cooperating to achieve a comprehensive agreement with Iran, which would primarily be a success for the United States, under conditions of confrontation with the West over Ukraine.
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