Energy, mainly from oil exports, is one the main foundations on which Sino-Iranian relations are built. China’s growing economy needs energy from reliable sources, and Iran’s huge oil and natural gas reserves go a long way towards covering the surplus in demand. By 2017, the bilateral volume of trade amounted to around $37.2 billion – massively in China’s favor. China ...
When Washington unilaterally tore up the international nuclear agreement with Iran and re-imposed harsh sanctions on the country, Russia slammed this action as “trampling upon the norms of international law” and pledged continued support for multilateral diplomacy. Turkey also refused to comply with the sanctions, while Iran itself called for unity and encouraged Europe to act sovereignly. When the US ...
The shale gas revolution had provided the US with an opportunity not only to become energy efficient, but also a natural gas exporter. US interests in energy exports hinges on boosting relations with neighbors and allies. Turkey’s growing economy and equally increasing energy demands make it a good candidate for US liquified natural gase (LNG) supplies. At present, Turkey imports ...
The winds of change are howling over Venezuela as the government headed by Nicolas Maduro of the United Socialist Party of Venezuela has announced multiple changes in key areas of economic policy. The country has been in a state of recession since 2014, a year after President Maduro was elected due to the early death of President Hugo Chavez Frias. ...
The intensification of the US-China trade war Talks between the US and China, held during the week of the 20th-26th of August didn’t lead to any productive results: new tariffs to the tune of $200 billion were imposed by the US. The Chinese government interprets the US’s politico-economical course as a consciousness attempt to weaken the Chinese state. China and ...
Not half a century has passed since the end of the Cold War, and mankind has already arrived at a critically important truth: “An alternative world order is needed!” The United States currently holds near hegemonic power over the geopolitical sphere, pushing toward a “unipolar world order” based on theses such as “the end of history,” and the “clash of ...
The traditional aesthetics of left and right are lost in the unfolding confusion of the 21st century. Wall Street bankers, the most powerful entities on the London Stock Exchange, the Silicon Valley elites, speaking to us through CNN, Facebook, Twitter, and every high tech mechanism for molding opinion, are screaming “revolution!” The Arab Spring seemed to be the opening explosion, ...
When Donald Trump unilaterally withdrew the United States from the Joint Comprehensive Plan of Action (JCPOA), or the “Iran nuclear deal”, in May 2018, the balance of geopolitical forces in the world was put on the verge of revolution. Trump’s move was not merely an instance of re-negotiating the US’ strategic position on one or more fronts. In all actuality, ...
The current political situation in Europe and North America, that is, in the “western world”, is marked by the emergence of populist movements. These new political forces question the hegemony of the old parties of the liberal system, who are now threatened with being deposed in elections. In fact, when the parties of the ruling system lost crucial elections in ...
Turkey-US economic war: from mutual sanctions to Erdogan’s new political course The conflict between US and Turkey continues to escalate. After sanctions were imposed against two Turkish ministers and tariffs on steel and aluminum were introduced, the Turkish economy ,shaken by the economic attacks, is seeking the path to stabilization and moderating its relationship with the US. This week Turkey ...