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Ukraine’s Naftogaz Increases Transit Fees For Russia’s Gazprom

“Ukraine’s state gas company Naftogaz has announced a “radical” increase in transit fees for Russia’s Gazprom,” RT reports. The head of business development of Naftogaz Yury Vitrenko on his Facebook page said the following: Ukraine has finally radically hiked transit fees for Gazprom (in full compliance with European principles), (…) Gazprom’s long-term efforts to bypass Ukraine … Continue reading

China’s “One Belt, One Road” To Where?

By Felix K. Chang During visits to Central and Southeast Asia in 2013, Chinese President Xi Jinping unveiled Beijing’s aspiration to create what it called the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.  Both would entail the construction of new infrastructure to better connect the present-day countries along what was once the ancient … Continue reading

What To Expect In Latin America In 2016

By Daniel Lemaitre Economic decline in dominant industries, worsening security in major urban centers, and high profile corruption accusations will continue to hinder development in Latin America in 2016. In the Latin American context, 2015 can be catalogued as a year of political renovation. The United States and Cuba officially restarted bilateral diplomatic relations; Guatemala … Continue reading

Is Pakistan’s Economy Out Of The Woods?

By Mohsin Khan Looking back over 2015, there are two quite distinct views on how Pakistan’s economy has fared. The first, expounded frequently by the government of Prime Minister Nawaz Sharif and supported by the IMF, is that there has been a significant turnaround in the economy and Pakistan is now basically on track to … Continue reading

Are EU Country Central Banks “Illegally” Buying Government Bonds?

The following text is an English transcript (translation) of an RT Berlin Interview with economist and geopolitical analyst Peter Koenig in German regarding an apparent secret agreement between the European Central Bank (ECB) and individual Euro countries’ central banks issuing large amounts of government bonds. The discovery flared up just before the FED raised its base interest … Continue reading

Saudis Predict $29 Oil Price In 2016

Saudi Arabia’s 2016 budget is allegedly based on an average crude price of about $29 per barrel, Bloomberg reports, quoting Riyadh-based Jadwa Investment. On Monday, Riyadh posted its next budget for next year that will see a $36 billion cut in spending, based on a $87 billion deficit. As of 8am GMT, Brent benchmark was … Continue reading

Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives

By Michael Snyder Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars?  Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts.  That is an amount of … Continue reading

Mongolia’s Flagging Economy Stalls Political Progress

By Julian Dierkes 2015 marked the 25th anniversary of Mongolia’s democratic revolution. So after 25 years of democracy, where does Mongolia stand? And, what role does Asia’s only post-state socialist democracy play internationally? Politically, it was a quiet year. The Mongolian economy remains moribund largely due to domestic policy decisions, exacerbated by international commodity prices. … Continue reading

Kazakhstan Government Approves New Privatization Plan

The government of Kazakhstan has approved a comprehensive privatization plan for 2016-2020, under which the share of state participation in the economy will be cut to 15 percent, National Economy Minister Erbolat Dosayev said on December 28, Kazakh media and regional media report. “On Friday (25 December), we adopted a new comprehensive privatization plan for 2016-2020 with a new list of … Continue reading

Drama And Maneuver In The South China Sea: The U.S.-China Standoff

By Peter Lee On October 27, 2015 China hawks got what they had long demanded: a US Navy Freedom of Navigation operation (aka FONOP) within 12 nautical miles of Subi Reef, one of China’s manmade islands in the South China Sea. But it turns out that wasn’t enough! China hawk joy was transformed into widely-advertised disappointment … Continue reading

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