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With the number of cases of coronavirus spreading in multiple countries around the globe, the outbreak has already been labeled a pandemic by the World Health Organization (WHO). Global economic relations have been hit hard by the virus, and demands for making the West less dependent on supplies from third countries are getting louder. What impact could the COVID-19 pandemic have on the globalization process?

With the coronavirus COVID-19 spreading rapidly worldwide and the first deaths reported in the United States, the issue of its impact on US stock markets is going viral and more and more people now realize that the new disease could have a serious impact on the outcome of the November presidential elections as well. Any global pandemic poses three main threats to any country, namely medical, economic and, as a result, political, and the US is certainly not an exception.
  • Category: Experts |
  • Date: 12-03-2020, 12:17
  • Views: 239
In an article published on the Washington-based website The Hill, Richard Sawaya, vice president of the US National Foreign Trade Council, writes about the serious damage that the anti-Russian sanctions are causing to America’s business interests. Richard Sawaya is also convinced that the irresponsible use of sanctions actually undermines the United States’ leading role in the realm of "international finance." The US business community and experts have been talking about the disastrous impact of the US-imposed unilateral sanctions on the United States itself since at least the 1990s, when these sanctions were already reducing the US’ share of a number of important export markets and resulting in up to $1 billion dollars’ worth of wage losses for US company employees.
The newly published US Counter-Intelligence Strategy for 2020-2022 puts Russia and China at the top of the list of countries that pose a threat to the USA. “Russia and China are operating throughout the world, using all power instruments at their disposal against the United States, resorting to a wide variety of modern intelligence methods", - the document says.
On February 5, the US Senate found President Donald Trump not guilty of actions which could be classified as requiring his removal from office. All Republican Senators, who have a majority in the house, except Mitt Romney, turned down both charges against the president which accused him of "abuse of office" and " obstructing Congress work." That impeachment is not the option was obvious to any Washington insider from the very beginning. To remove Trump from office it was necessary to enlist the support of two thirds in the Senate, which is unrealistic at the moment.
  • Category: Experts |
  • Date: 17-02-2020, 10:09
  • Views: 295
While pushing its NATO allies in Europe to increase their spending on joint defense, the United States is simultaneously moving its own troops to Europe. According to NATO Secretary General Jens Stoltenberg, there are a record number of US troops, not seen there since the start of this century, currently stationed on the continent. Moreover, an additional 20,000 GIs are expected to arrive shortly to take part in several exercises.​
  • Category: Experts |
  • Date: 31-01-2020, 12:35
  • Views: 312
The situation around the Iran nuclear deal (Joint Comprehensive Plan of Action - JCPOA) is getting worse every day as US President Donald Trump and his administration keep ramping up and diversifying financial and economic sanctions against Tehran. Speaking at a summit of Islamic states held in Kuala Lumpur (Malaysia) on December 19, Iranian President Hassan Rouhani said: “The Islamic Republic of Iran has been under oppressive sanctions of the United States of America.
With the year 2019 already on the way out, its preliminary results can already be summed up, and one of the main takeaways is the systematic effort by the United States to deter China by waging a trade and economic war on it and using technological boycott and military-political pressure. US Defense Secretary Mark Esper recently went on record saying that Washington views China’s importance in “a new era of great-power competition” as a top priority, adding that the Pentagon will be looking for additional forces and means to dispatch to the Indo-Pacific region.
Denmark-based Saxo Bank has released a new batch of "outrageous" predictions for 2020 that it believes could potentially destabilize the entire international system existing today. The bank’s experts predict, among other things, that in the coming year, the Asian Infrastructure Investment Bank (AIIB) may launch “a new reserve asset, called the Asian Drawing Right, or ADR, with 1 ADR equivalent to 2 US dollars, making the ADR the world's largest currency unit."
  • Category: Analytics |
  • Date: 16-12-2019, 11:00
  • Views: 468
With the export leg of the Turkish Stream (TurkStream) gas pipeline, designed to bring Russian natural gas along the Balkan route further to Europe, slated to go fully on-stream in late 2020 - early 2021, all transit countries need to timely fulfill their obligations to get their national gas transportation infrastructure prepared for this. Thus far, Serbia has moved closest to achieving this target, while Bulgaria’s position on this issue is causing a growing sense of bewilderment in Russia, which might be forced to change the pipeline’s route and replace its Bulgarian section with a Romanian one as a transit option.​
  • Category: Experts |
  • Date: 13-12-2019, 12:59
  • Views: 633