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Pyrrhic Sanctions

(Own report) – The EU is preparing to take initial steps toward adopting methods of US sanctions and impose extraterritorial punitive measures on enterprises of third countries including those in the United Arab Emirates and possibly in Turkey, as EU Commission President Ursula von der Leyen confirmed yesterday. They will first focus on the resale of sanctioned EU goods to Russia. Thus, in the future, enterprises will be punished even if they are not based within the EU and, therefore, are not...
Kwazulu Natal South Africa Qin Gang Saudi Arabia Bruxelles Capitale United States

China Doesn't Aim to Replace Dollar; Vaccine Safety: Boao Update

Bloomberg News, Bloomberg News (Bloomberg) -- Chinese government officials and business leaders are gathered this week on the tropical island province of Hainan for the Boao forum, with discussions expected to encompass topics from digital currencies to carbon neutrality and the economic outlook for a post-pandemic world. Billed as an Asian version of the World Economic Forum, the forum kicked off Sunday and is slated to run through Wednesday. On the first day of the event, a senior Chinese cen...
Yi Gang Larry Fink Yu Xuefeng Zhou Xiaochuan Kristalina Georgieva Stephen Schwarzman

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