Australia is Russia’s closest competitor in global markets and is the obvious winner as Russia loses sales under the impact of international sanctions. Since the beginning of the year, the average price of Australia’s biggest …
Articles by: "David Uren"
President Joe Biden announced last week that the US will tap into its emergency oil reserves to minimise the blowback to the US economy from its sanctions on Russia. That move will go some way …
China and Russia may be allies in autocracy, but their attitudes towards engagement with the global economy could not be more different. Whereas Vladimir Putin has devoted the past 20 years to making Russia’s economy …
Russian President Vladimir Putin aspires to be leader of the great power of Eurasia rivalling China to its east and the European Union and the United States to its west. Yet the latest analysis from …
While the battle for Kyiv rages, the economic war between Russia and the nations of the West has barely begun. The US, the EU and their allies are concentrating their economic attacks on Russia’s financial …
Russia and China are making much of their strategic partnership as a counterbalance to their stresses with the West, but the European Union is still much more important economically to Russia than is China, and …
The best test of the effectiveness of US sanctions policy over Ukraine will be if it deters Russia from invading and encourages a negotiated solution. Once the military has moved, sanctions are unlikely to prompt …
Xi Jinping and Joe Biden both face major political events in the closing months of this year and want economic conditions to be as favourable as possible, but the two have taken opposite tacks on …
Originally published 3 May 2021. China’s steel industry is blaming the concentrated ownership of Australia’s iron ore mines for the soaring ore price and is calling for Chinese government intervention. ‘We believe that the supply …
In August last year, Olaf Scholz—then Germany’s finance minister and now its chancellor—attempted to persuade the Trump administration to drop its proposed sanctions on the companies building the Nord Stream 2 gas pipeline from Russia …
China’s system of bankrolling its state companies may be entrenching great inefficiency in its economy but has delivered it unchallenged dominance in the critical minerals required for advanced technologies. Separate investigations by the New York …
Budget deficits used to be seen as proof of profligacy, but a new permissiveness has swept the world, partly in response to the Covid-19 pandemic, but also reflecting new economic thinking about the sustainability of …