Eurasia

How OPEC Shook Off a Historic Crash to Successfully Stabilize Oil Markets

The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as …

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Kremlin Raises Rhetoric After U.S. Cites ‘Real Concerns’ Over Russian Military Buildup Near Ukraine

The Kremlin has gone on a verbal offensive amid Western concerns over its military buildup near Ukraine, while stressing the importance of an unconfirmed Russian-U.S. presidential summit Moscow says is in the works. The Kremlin responded harshly on November 21 to U.S. Secretary of State Antony Blinken saying a day …

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A Political Crisis Threatens to Derail Guyana’s Oil Boom

Despite growing signs of a dramatic and global economic downturn stemming from the coronavirus pandemic, the small South American country of Guyana appears poised for a period of spectacular economic growth. In its recent semiannual report on Latin America and the Caribbean, the World Bank forecasts a 4.6 percent contraction …

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How a Huge New Gas Pipeline Boosts Russia’s Strategic Entente With China

Natural gas started flowing from Russia to China for the first time on Dec. 2 when Russian President Vladimir Putin and China’s leader, Xi Jinping, officially launched the initial phase of a huge new pipeline known as the Power of Siberia. Gazprom, Russia’s state-owned energy giant, claims it is expected …

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Will Oman’s New Income Tax Be the Start of a Political Sea Change in the Gulf?

In early November, Oman’s government announced plans to institute an income tax on high earners by 2022. The policy will break precedent in the oil-rich Gulf, where states tend to pay their citizens, rather than requiring citizens to pay the state. The question now is whether this decision will fundamentally …

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Poland’s Attack on Press Freedoms Is Facing a Major Backlash

In mid-August, Poland’s ruling right-wing Law and Justice party, or PiS, introduced a bill that would ban non-European ownership of Polish media properties. Detractors saw a blatant attack on TVN, the biggest independent television news source in the country and frequent PiS critic, which is owned by U.S. media conglomerate …

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The Afghanistan Debacle Is Another Step Toward ‘Fortress Europe’

The collapse of the Afghan government over the weekend, culminating in the Taliban’s entry into Kabul and declaration of an Islamic Emirate of Afghanistan, stunned most observers with its rapidity, even if the outcome itself was not a surprise. Ever since it became clear that U.S. President Joe Biden would …

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What’s Really Standing in the Way of European Strategic Autonomy

The NATO defense ministers who met yesterday and today in Brussels had a long list of issues to discuss, from the alliance’s role in confronting a rising China to its plans for countering a resurgent Russia. But NATO is also confronting more fundamental questions about its identity that have taken …

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Putin’s Big Plans for Russia’s Far East Aren’t Panning Out

In early September, Russian President Vladimir Putin appeared at the Eastern Economic Forum in Vladivostok, a port city on the Pacific coast, to issue a call to action. Russia, he said, needed a new generation of pioneers to revive the country’s eastern frontier. “The development of the Far Eastern region …

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Pentagon Says China Remains ‘Pacing Challenge’ For US

The secretary of defense believes that China is a pacing challenge for the Defense Department, the Pentagon Press Secretary John F. Kirby said during a news conference Tuesday. Although China is developing capabilities that could potentially threaten the security and stability of neighboring nations in the region and globally, the …

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