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Russia says it will cut crude production by 5% next month as it can't keep with sales due to sanctions. The reason for the reduction in production is due to the fact that the country is unable to sell its crude oil at its current pace, likely due to imposed sanctions imposed. This cut in production could have a significant impact on Russia's economy, which is heavily dependent … [Read more...] about Russia says will cut crude production by 5% next month

The past decade has seen China experience impressive economic growth, becoming one of the largest economies in the world and driving global economic growth. However, as the Chinese economy matures, it is natural to expect that the rate of growth will slow down, and the IMF's projections reflect this trend. According to the IMF's projections, China's annual economic growth is … [Read more...] about President Xi Jinping’s long-term economic ambitions are out of reach

The South China Sea (SCS) and East China Sea (ECS) are becoming a major area of competition between the US and China. China's actions in the SCS, including building islands and bases in the Spratly Islands, and asserting its claims against the Philippines and Vietnam, have caused concern among US observers that China is gaining control of the SCS, which is of great importance … [Read more...] about The South China Sea (SCS) and East China Sea (ECS) are becoming a major area of competition between the US and China

A recent survey has taken the pulse of business decision-makers involved in sustainability projects, giving insight into their expectations and goals for the future. The survey gauges the sentiment of those at the forefront of sustainability initiatives, providing a valuable indicator of the current state of the industry. The survey results offer a glimpse into the … [Read more...] about Sustainability Sentiment: A Pulse Check on Business Priorities

Despite facing UN Security Council sanctions and diplomatic efforts, North Korea continues to develop its nuclear weapons and missile programs. Recent ballistic missile tests and military parades suggest that North Korea is working to create a nuclear warfighting capability that would evade regional ballistic missile defenses. This approach may strengthen its deterrence and … [Read more...] about North Korea is working to create a nuclear warfighting capability

The U.S. government has consistently expressed concerns about China's proliferation of nuclear and missile-related technologies to other countries, with recent focus on the potential acquisition of U.S.-origin nuclear technology by China. (See CRS In Focus IF11050, New U.S. Policy Regarding Nuclear Exports to China, by Paul K. Kerr and Mary Beth D. Nikitin.) According to … [Read more...] about China’s proliferation of nuclear and missile-related technologies to other countries

The United States has been a major supporter of Ukraine's security since Russia's renewed and expanded invasion of Ukraine on February 24, 2022. From 2014, when Russia first invaded Ukraine, to January 19, 2023, the United States has provided around $29.5 billion in security assistance to aid Ukraine in maintaining its territorial integrity, securing its borders and improving … [Read more...] about The United States has been a major supporter of Ukraine’s security