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Geoeconomics

MIDDLE EAST

IRAN:

  • Russian Foreign Minister Sergey Lavrov is due to pay a visit to Iran to sign an action plan for economic cooperation. They suggested that Iran, Russia and China could play a pivotal role in creating a sanctions-resistant block to gather countries sanctioned by the US and Europe together.

SOURCE: IRNA


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SOUTH ASIA

INDIA:

  • India has emerged as the top buyer of US crude in the first quarter of calendar year 2021, after Saudi Arabia staved off India’s request to boost production to cool prices, and Indian refiners replaced some of the Saudi volumes with US cargoes at the behest of the government.

SOURCE: THE HINDU BISINESS LINE


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SOUTH ASIA

CHINA:

  • China is planning a mega dam in Tibet stoking fears in neighbouring India that in reactions has floated the prospect of building another dam on the Brahmaputra.

SOURCE: TIMES OF INDIA


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SOUTH ASIA

PAKISTAN:

  • Russia is going to supply LNG to Pakistan, after the two countries discussed deepening bilateral ties, including in energy and trade, earlier this week. The construction of the Pakistan Stream gas pipeline, the flagship energy cooperation project between the two countries, could play an important role in this.

SOURCE: RT


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NORTH AMERICA

UNITED STATES:

  • US sanctions Chinese computer makers as tech war heats up. The measure is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen by Washington as potential threats.

SOURCE: TRT


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EUROPE

NORD STREAM 2:

  • The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, as Washington looks for ways to hinder completion of the pipe set to deliver Russian gas to Europe bypassing Ukraine. The potential appointment of an envoy indicates a new strategic focus by the administration.

SOURCE: UNIAN


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SOUTH AMERICA

VENEZUELA:

  • In February China bought three-quarters of all Venezuelan oil exports despite buying oil from Venezuela is prohibited by the U.S. Treasury Department. China’s misbehavior compromises U.S. efforts to make a democratic transition in Venezuela.

SOURCE: NATIONAL REVIEW


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SOUTH ASIA

INDIA:

  • India will begin full-scale operations in its first foreign port venture at Iran’s Chabahar, a facility that opens on the Gulf of Oman that will aim to facilitate more South Asia, Central Asia and West Asia trade. It represents a clear and potent commercial challenge to China’s massive port investment in neighboring Pakistan’s Gwadar, a key component of Beijing’s Belt and Road Initiative (BRI).

SOURCE: TEHRAN TIMES


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AFRICA

MAGHREB-NORTH AFRICA:

  • Russia is using vaccine diplomacy in the Maghreb and North Africa to stand out as a serious partner to the countries of the region. It prompted French President Emmanuel Macron concerns of Russian influence in the Maghreb, which is historically considered a traditional French sphere of influence.

SOURCE: AL MONITOR


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ASIA PACIFIC

SOUTH CHINA SEA:

  • The United States, Japan and Indonesia have stepped up pressure on China over its activities in the South China Sea following an ongoing row with the Philippines over a disputed reef which became public last week. At least US$3.4 trillion in annual trade passes through the contentious waterway, which is subject to competing claims by Brunei, Malaysia, the Philippines, Taiwan, China and Vietnam.

SOURCE: SOUTH CHINA POST


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