... interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
... ... likely to stop looking West and instead go East – as soaring trade levels with China already foreshadow.
However, Russia remains a European power – part of... ... modernisation, on the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured...
... to Russia was highly symbolic, as is the case with first foreign visits (See: NTS). Energy was at the forefront of the visit with two different outcomes for the oil and... ... Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead regionally and globally in the future as it clearly dominates... ... (See: Reuters). However, on the brightside Gazprom agreed with China in regards to long-term contracts, thus allowing it to develop the riskier fields as export was more...
... economic climate and unstable political atmosphere across many energy exporting states, thus in all building up naturally not ... ... from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a ... ... Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is ... ... last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to ...
