Tag Archives: Sanctions

Iran-South America trade suffers as relations thaw with the West

Iran’s relations with South America under former president Ahmadinejad now face a decline in economic cooperation, as Iran mends its ties with the United States. Will improved relations between Iran and the West have economic consequences for South America?  As attention turns to Iran’s tentative cooperation with its geopolitical rival, the United States, in efforts to combat […]

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Source: Wikimedia Commons

Norway woos China by refusing to meet with Dalai Lama

Norwegian-Chinese relations suffered when the Nobel Peace Prize was handed to the Chinese dissident Liu Xiabo. Now the government tries to normalize relations by refusing to meet with the Dalai Lama. As a small country with limited global power, the Norwegians take great pride in their humanitarian reputation and the international attention that follows the annual Nobel Peace Prize […]

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Russia debt crisis

Russia faces expanding regional debt crisis

Recent data released by Russia’s Court of Accounts indicates that the country’s regional governments are facing crisis situations with regional debts. In the past year, the level of total regional debt has doubled to 642 billion rubles, 3.3 times higher than had been expected from the Ministry of Finance. The number of regions that have […]

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Sanctions on Russia also hit foreign investment

On 28 April 2014, the U.S. launched its third round of sanctions on Russia, aimed at President Vladimir Putin’s cronies and their businesses. As the situation continues to deteriorate, investors in and out of Russia face bigger risks. Although their confidence has not been entirely crushed, investors are leaving Russia for safety measures. Russia saw […]

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Recife, Brazil

Sanctions against Russia cause greater capital inflows to Brazil

The Russian Federation’s actions in the Crimea continue to reverberate throughout the world. Far away from Eastern Europe, even Brazil is likely to feel the effects of Russian choices as short-term capital inflows increase. In response to Russia’s annexation of Crimea in Ukraine, the United States in conjunction with key allies in Europe and elsewhere have pushed […]

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Putin Merkel

Ukraine crisis makes Russia look East

After Western leaders talked last week about penalizing Russia further, President Vladimir Putin asked for a diplomatic resolution on the Ukraine crisis. Yet, a Russian move towards ‘Eastern allies’ is still on the table. In his speech in Brussels on March 26, US President Barack Obama stressed the need for “deeper sanctions” against Russia, should President Vladimir Putin attempt to move […]

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Finland flags

Finland’s economy suffers from effects of the Ukraine crisis

The situation in Ukraine is creating a dangerous standoff between Russia and the West, and Finland’s economy and security are suffering as a result. With a 1,300-km long border separating them, it is no surprise that a major priority for Finland is to maintain a sustainable relationship with Russia. At the same time, it is […]

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Iran petroleum

Western energy companies to re-enter Iran’s oil and gas sector

The interim agreement on Iran’s nuclear programme with the international community began on January 20, and Iran has  taken steps to attract foreign investments in its neglected oil and gas sector. Iran is planning to increase its oil production by an additional 1 million barrels per day (mb/d) in 2014, provided that negotiations result in […]

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Erdogan

Alleged corruption scandal stirs Turkish political scene

The corruption probe that implicated high level bureaucrats, sons of three ministers and businessmen known to be close to the Justice and Development Party (AKP) sent shock waves through the Turkish political spectrum. As local elections loom in the horizon, the alleged corruption and bribery charges may change the political scene of the country profoundly. […]

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Hassan Rohani

Geneva talks are critical for the Iranian economy

Iran will take part in the P5+1 talks in Geneva later this week, in what could be a critical step in rapprochement between the U.S. and Iran. Central to the talks will be Iran’s willingness to cap its nuclear enrichment efforts and the U.S.’ willingness to reduce debilitating sanctions imposed on Iran. The second round of […]

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