When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: oil trade
Related Posts
India Forced to Pay Russia in Yuan, Handing China an Unexpected Win
China stands to gain from a surprising twist in global energy trade: India, long a rival and major oil importer, is now being forced to pay Russia for crude in Chinese yuan (RMB), a move that strengthens the yuan’s global role and indirectly supports China’s currency in ...
U.S. Expands Iran Sanctions, Targeting Chinese Firms Tied to Oil Shipments
The United States on Thursday imposed sanctions on dozens of people, companies and ships tied to Iran's oil sector, stepping up its campaign against a key revenue source for Tehran. The Treasury announced more than 50 targets aimed at people who ...
Zelensky Says China Could Force Russia to Stop Ukraine War
Ukrainian President Volodymyr Zelensky told the UN Security Council Tuesday that China could pressure Russia to end the war in his country, following a U.S. call for Beijing to stop buying Moscow's oil. China is not a party to the conflict, ...
U.S. Urges China to Keep Iran From Shutting Key Trade Route
U.S. Secretary of State Marco Rubio urged China Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. "I encourage the Chinese government in Beijing to call them ...
China Urges Iran, Israel to ‘Immediately’ Take Steps to Cool Tensions
China urged Iran and Israel to "immediately" take steps to reduce tensions on Monday after Tehran unleashed a barrage of missile strikes on Israeli cities and Israel struck military targets deep inside Iran. "We urge all parties to immediately take measures ...