For Whom the Bell Tolls, Really The Impact of the Sanctions Against Russia

The sanctions against Russia are working; but not for Russia, Ukraine, the EU, or even the US. In the 2nd quarter, Russia’s GDP contracted 4.6 percent from a year earlier, following a 2.2 percent contraction in the 1st quarter. A severe contraction was expected after the selloff in oil, currency crisis and the consequent plunge of consumer […]

The Trans-Pacific Divisions

The White House’s effort to hammer the Trans-Pacific Partnership (TPP) agreement in Maui failed. As time is running out for President Obama’s legacy achievement, both Washington and Beijing are reassessing their options. Last week, Pacific Rim officials met on the island of Maui, Hawaii, to conclude the Trans-Pacific Partnership (TPP) agreement. In addition to trade […]

Iran Nuclear Deal: There Is No Alternative

On April 3, President Obama called Israeli Prime Minister Netanyahu to fill him in on the P5+1 deal with Iran. But the prime minister wasn’t buying. He told the President: “The deal based on this framework would threaten Israel’s survival (and would) legitimize Iran’s nuclear program, bolster Iran’s economy, and increase Iran’s aggression and terror […]

The Struggle for Free Trade in Asia Pacific

If the APEC meeting can agree on the proposed regional free trade plan and a reasonable implementation schedule, it would take a leap into faster regional growth and prosperity. The Asia-Pacific Economic Cooperation (APEC) forum on November 10-11 will take place amidst the rebalancing of China, the United States and the integration of Southeast Asia, […]

Iran Stiffens Resolve to Elude Sanctions in Face of Latest U.S. Penalties

By Andy Tully: Iran’s oil minister says recent U.S. penalties against several companies in Iran and elsewhere will only encourage Tehran to evade the sanctions regime imposed to hinder its nuclear energy program. “The sanctions are cruel and illegal, and we will keep fulfilling our duty with regards to circumventing the sanctions,” Bijan Zanganeh said […]

The Russia Sanctions Cul-de-Sac

The Russia sanctions are likely to have an adverse impact on Russian, U.S. and Chinese economy and could push Europe to a triple-dip recession. A diplomatic solution could deter diminished global prospects. Last March, President Obama initiated and expanded sanctions against Russia in financial services, energy, defense and related materials sectors. Meanwhile, China’s Ambassador to […]

3 Things a Deal With Iran Would Likely Include

By Jofi Joseph: In mid-July, negotiators from the so-called P5+1 (the United States, United Kingdom, France, Germany, Russia, China and the European Union) reached a mutual agreement with Iran to extend an interim six-month agreement for another four months. The agreement extends concrete constraints on Iran’s nuclear program — in particular, a halt to Iran’s […]

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