Putin woos 40 Africa lawmakers at Moscow conference with promises of money, nuclear power, arms and free grain

Ben Aris in Berlin March 21, 2023

Putin took time out from meetings with Chinese President Xi Jinping who had just arrived in Moscow for a three-day state visit to speak to lawmakers from more than 40 African countries and woo them with generous promises of economic and military aid

Most African nations will attend Russia’s second Africa-Russia summit in St Petersburg

Ben Aris in Berlin March 14, 2023

Moscow expects that most of Africa’s 54 countries will “ignore threats and blackmail from the West” and attend the long-delayed second Russia-Africa summit in St Petersburg in June, Russian Ambassador at Large Oleg Ozerov told a forum.

Russia's oil product exports slumped by 20% in February, but seaborne export volumes remain robust

bne IntelliNews March 3, 2023

Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.

Russia and China’s popularity rising in the Global South as world fractures into liberal and illiberal spheres

bne IntelliNews February 14, 2023

Of the 6.3bn people who reside outside of liberal democracies, 70% have a positive view of China and 66% of Russia.

IMF: Charting globalization’s turn to 'slowbalization' after world financial crisis

Jeff Kearns of the IMF February 9, 2023

The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.

Africa rallies to Russia’s rescue as EU bans the import of oil products

Ben Aris in Berlin February 8, 2023

African nations boosted the import of Russian oil products, including the all-important diesel exports, in January ahead of the imposition of the latest round of sanctions on Russian oil products.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.