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By Kester Kenn Klomegah*
MOSCOW (IDN) — Despite the Russia-Ukraine crisis going on from bad to worse, with a visible geopolitical impact, the historic city of St. Petersburg is gearing up for the mid-June International Economic Forum. Titled "New Opportunities in a New World", it will take place from June 15–18 in the ExpoForum Convention and Exhibition Centre.
Viewpoint by Olatubora Ayodeji
LAGOS, Nigeria (IDN) — It's very important to understand that Russia is the world's third biggest oil producer, behind the US and Saudi Arabia and of about five million barrels of crude oil it exports each day, more than half went to Europe before the sanctions were announced. Before the announcement, Russia accounted for about 8% and 3% of the UK and US oil demand respectively.
By Staff Reporter, The Telegraph Online
KOLKATA, Indien (IDN) — A delegation of Russian companies, led by Russoft, an association of software development companies, held business meetings with companies in the technology sector operating in Bengal, a day ahead of the state’s flagship industry meet—Bengal Global Business Summit on April 20-21.
Viewpoint by E. Ahmet Tonak and Vijay Prashad *
This article was produced by Globetrotter.
NEW YORK | NORTHAMPTON (IDN) — An article written by authors John Micklethwait and Adrian Wooldridge for Bloomberg on March 24 sounded the alarm to announce the end of “the second great age of globalization.” The Western trade war and sanctions against China that predated the pandemic have now been joined by the stiff Western sanctions imposed against Russia after it invaded Ukraine.
By Kester Kenn Klomegah
MOSCOW (IDN) — Russia's tourism, both in-bound and out-bound, is severely hit by the war-ravaged crisis that unfolded in the former Soviet republic of Ukraine late February. For more than two years, the tourism industry was affected due to the widespread Covid-19 that shattered the world.
Industry operators say that the impact on tourism due to Russia's "special military operation" in Ukraine has pushed the United States and Canada, European Union, Australia, New Zealand and many other countries to impose a series of sanctions, which are currently affecting the smooth operation of tourism business.
By Kester Kenn Klomegah*
MOSCOW | LISBON (IDN) — After two and half decades of its existence as a popular multilateral forum for Portuguese-speaking countries, the Confederação Empresarial da CPLP has been looking at multifaceted and diverse opportunities to strengthen the organization and to improve mutual cooperation among the member-governments which are geographically located in separate continents.
By Deshan Maduranga
COLOMBO (IDN) — A recent statement by a Myanmar official has indicated that Sri Lanka has been buying rice from the country at a price higher than what others are paying for it. This has raised eyebrows in Sri Lanka that has prided itself for being self-sufficient in rice, its staple diet, for decades.
In a statement attributed to the secretary of the Bayintnaung Rice Wholesale Depot, U Than Oo, Myanmar’s national daily Global New Light of Myanmar has said that in the past year Myanmar has been exporting rice to Sri Lanka and it has been a very profitable business.
By Sugeeswara Senadhira
COLOMBO (IDN) — This week, Sri Lanka is hosting the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit in the backdrop of member nations struggling to shake-off the economic impact of the Covid-19 pandemic.
The summit would provide the leaders of the seven members—India, Nepal, Bhutan, Bangladesh, Myanmar, Thailand, and Sri Lanka—to finalise the much delayed BIMSTEC Charter and initiate tangible measures for economic cooperation.
By Kester Kenn Klomegah*
MOSCOW | PARIS (IDN) — Russia joined the World Trade Organization (WTO) in April 2011 after almost 18 years of persistent efforts and multiple negotiations, to fulfil stringent membership requirements, apparently because the Soviet Union had ceased to exist and replaced by the Russian Federation. Average accession period is five to seven years.
By Thalif Deen
UNITED NATIONS (IDN) — UN Secretary-General António Guterres has warned that the current devastating war in Ukraine has an equally destructive impact on the outside world: an assault on the world’s most vulnerable people and countries.
The worst affected are the world’s poor as food, fuel and fertilizer prices are skyrocketing while one of the world’s major bread baskets, Ukraine, is being bombed—a country which alone provided more than half of the World Food Programme’s (WFP) wheat supply.
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