Country: Russia
Related Posts
Wagner Mercenaries Bail Out Chinese Miners Amid Uncertainty Over the Group’s Future in the Central African Republic
A group of Russian mercenary soldiers part of the controversial Wagner Group reportedly came to the rescue last week of Chinese miners in the Central African Republic (CAR) who had come under attack by local militias. Specific details of what happened ...
WSJ: Shanghai-Based New Development Bank “Fighting For Its Very Survival”
The Chinese-initiated New Development Bank (aka "BRICS Bank") is reportedly facing a severe liquidity crisis as Wall Street has backed away from supporting a bank that's 20% owned by Russia, according to a report in the Wall Street Journal. That's made ...
New Development Bank Wants to Finance More Projects Using Local Currencies Rather Than the U.S. Dollar
The New Development Bank (aka the "BRICS Bank") wants to reduce the use of the U.S. dollar when it finances projects in developing countries. The head of the Shanghai-based lender, Dilma Rousseff, told the bank's annual meeting this week that the ...
Anti-Chinese Campaign on Nigerian Twitter Raises Questions
Readers following West Africa-China relations will know that unhappiness about Chinese involvement in small-scale mining is ongoing, especially in Ghana. However, a new campaign on Nigerian Twitter under the tag #STOPCHINESEILLEGALMINING is raising all kinds of questions. First, a significant number of the ...
Russia Not the Only Big Issue At BRICS Foreign Ministers’ Meeting This Week
The Foreign Ministers of the BRICS group will meet in Cape Town, South Africa, on Thursday. The meeting is an important step towards the BRICS summit in August. The South African government announced this week that attendees to both this week’s FM meeting ...
Chinese Ships Ignore Vietnam Demand To Leave Area Close to Russian-Run Gas Fields
A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday, close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave. The Chinese ...
The Uphill Journey to a BRICS Currency
The South African government announced in May that discussions around setting up a common currency will be on the agenda of the BRICS summit in August. Calls for the bloc, made up of Brazil, Russia, India, China, and South Africa, to work together to boost non-dollar trade have ...
Questions About South Africa’s Arms Scandal Should Go Beyond ‘Malign Influence’
So…since we last spoke, there’ve been some developments… A quick recap: Reuben Brigety, the U.S. ambassador to South Africa, held a press conference Thursday where he alleged that SA supplied arms and ammunition to a Russian cargo ship that docked in Cape ...
South Africa Urges Caution on BRICS Currency as Global Yuan Use Creeps Up
The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...
The Shanghai Cooperation Organization: What’s of Note So Far?
By Saniya Kulkarni The Shanghai Cooperation Organisation (SCO) Foreign Ministers Meet is currently underway in Goa, India, a week after the Defence Ministers Meet concluded in New Delhi. It is a busy summitry season for India, which is presiding over the ...
More Evidence of China’s Diminishing Appetite for African Oil
It wasn't that long ago when China sourced a third of its imported oil from three African suppliers that included Angola. Today that figure is down to just 10% and appears to be steadily declining as Chinese buyers shift to sourcing crude from Russia, Persian Gulf countries ...
How Are We to Understand China’s International Partnerships?
By Lukas Fiala The visit of China’s newly minted defense minister, Li Shangfu, to Russia over the past week resulted in the usual diplomatic overtures. As Li reportedly put it: ‘We have very strong ties. They surpass the military-political alliances of ...