Russia

Can the UK recover from Covid-19?

– UK Q1 GDP figures expected to be catastrophic. Expect UK exports to have fallen back by up to one fifth in Q1. – Trade will not be the same after the COVID-19 Pandemic. – UK is now in strategic competition between blocs of interest – Russian, Chinese, American and European- Alongside weakening international governance The Q1 GDP figures this week will be to the economists what the daily Covid 19 death rate statistics have beeen to the medical profession.…

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Turkey and Russia inaugurate TurkStream

The inauguration of a third gas pipeline between Russia and Turkey yesterday marked a new dawn for relations between the two countries. The TurkStream pipeline, which runs for 930km under the Black Sea, will carry 31.5 billion cubic metres a year of Russian gas to Turkey’s western province. This deepening of Turkish dependence on Russian energy would have been near-unthinkable just a few years ago, when tensions came to a head in 2015 after Turkey shot down a Russian Sukhoi…

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Quick take: Trump takes on Turkey ?

Turkeys largest imports by Nation President Trump threatened on Monday to “obliterate” Turkey’s economy if the country goes “off limits”. This comes after he tweeted his decision to withdraw US troops from northern Syria, effectively giving Turkey the green light to attack the Kurdish fighters that the Erdogan regime views as terrorists. Imposing sanctions would likely push Turkey yet closer to Russia and China, its first and third largest sources of imports ahead of the US, which comes in fifth.…

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US-China trade talks: no end in sight

Dr. Rebecca Harding, CEO As US-China trade talks resume this week, the spectre of global trade disintegration on nationalistic grounds looms ever larger. There is one month to strike a deal between the two countries before the 90-day ceasefire in tit-for-tat rhetoric expires. At stake is $200bn of Chinese exports to the US which will have tariffs of 25% imposed on them, as opposed to the 15% now. The Trump administration’s demands are that China buys more US goods, make…

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