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China cross-border finance system will not aid Russia

Location:

INT

One of these is SWIFT, the global interbank messaging system from which Russian banks have been largely excluded since the invasion. This issue has drawn attention to China’s…

Limited resources will check BRICS financial clout

Location:

INTERNATIONAL

BRICS members seek to reduce the dominance of the US dollar in global trade; a less dollar-focused approach to development finance from the NDB is consistent with this. The BRICS…

India will find its diplomatic outreach constrained

Location:

INDIA

In his opening remarks, Prime Minister Narendra Modi made certain comments about cross-border terrorism and territorial integrity that were widely perceived as barbs directed at…

Damascus’s post-quake normalisation hopes may falter

Location:

SYRIA

Egypt is the latest Arab state to reach out to Damascus. Spearheaded by Abu Dhabi, these contacts are eroding the isolation policy that has lasted for over a decade since civil…

EU expects return as it offers more to Western Balkans

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EU/BALKANS

The EU is increasingly worried about the region. It is offering various financial and political rewards, but the EU’s leverage is weakened by continued equivocation on the…

Russian banking's horizons narrowed by sanctions

Location:

RUSSIA

Cut off from international financial markets, Russian banks are struggling to make cross-border payments and domestic lending is greatly curtailed. The CBR believes the sector is…

Qatar-Saudi deal will fall short of full Gulf unity

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GULF STATES

The declaration ends the 43-month boycott of Qatar by Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt. Saudi Arabia has reopened its land border and airspace to…

Sanctions-busting role of cryptos is limited, for now

Location:

INT

The United States, EU and their allies fear cryptos offer a loophole through which Russia will evade Western sanctions. However, these fears are likely overblown in the short…

Russian gas cut-off spurs Balkans to diversify

Location:

BALKANS

The product of years of efforts, the terminal will now help Balkan governments deal with the interruption of Russian gas deliveries and accelerate diversification. Bulgaria, cut…

Omani-Saudi-Emirati tensions may rise in the Gulf

Location:

GULF STATES/OMAN

Former territorial tensions between Muscat and its Gulf Cooperation Council (GCC) neighbours have receded in recent decades, allowing smoother cross-border links. However, the…