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The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. Many central banks target 2% inflation; market gauges of traders' long-term U.S. and European inflation expectations are running higher , . Anna Rosenberg, head of geopolitics at the Amundi Investment Institute, said Sino-U.S. tensions, provide a "new lens" through which to analyse emerging markets' growth prospects. But the performance of big U.S. tech stocks and global share indices are vulnerable to signs of Chinese retaliation. With China underperforming global stocks, investors are split on how to approach this market.
Persons: Dado Ruvic, Joe Biden, Goldman Sachs, Wouter Sturkenboom, Laura Alfaro, Anna Rosenberg, Christopher Rossbach, J, Stern, Carole Madjo, Wendy Liu, Baird, Patrick Spencer, Naomi Rovnick, Kripa Jayaram, Riddhima, Vineet, Sumanta Sen, Pasit, Louise Heavens Organizations: REUTERS, EMEA, APAC, Northern Trust, Reuters, Research, Harvard Business, Amundi Investment Institute, INDIA RUSH, Barclays reckons, EU, Apple, China, Barclays, JPMorgan, Thomson Locations: West, China, Washington, Western, Germany, Northern, Europe, FRIENDSHORING Washington, Vietnam, Mexico, Mongolia, Philippines, Sino, U.S, India, Beijing, COVID, CHINA
By last year, with sanctions elsewhere tightening, Russia was buying more than a quarter of Japan's used-car exports for an average price of almost $8,200. That was more than double the price in 2020, when Russia took about 15% of Japan's used-car exports. Those sales had been on track to top $1.9 billion for all of 2023 before Japan imposed its own tougher sanctions, trade data show. A system of mandatory inspections pushes the cost of maintaining used cars higher for customers in Japan. Battery recycling firm 4R Energy has seen a "significant" tailwind from declining used-car prices, including the Nissan Leaf, said chief executive Yutaka Horie.
Persons: Sergei Karpukhin, Japan's, we've, Olesya Alekseeva, Takanori Kikuchi, Wataru Nishiwaki, Yutaka Horie, Daniel Leussink, Gleb Stolyarov, Kevin Krolicki, Sonali Paul Organizations: Toyota, REUTERS, Rights, SV Alliance, Japan's Ministry, Economy, Trade, Industry, Honda, Energy, Nissan, Sumitomo, Thomson Locations: Moscow, Russia, Ukraine, Japan, New Zealand, Southeast Asia, Africa, Toyama, Russia's Vladivostok, Malaysia, Mongolia, Pakistan, Tanzania, Niigata prefecture
Those shipments sometimes accounted for more than half of Chinese malting barley demand, depending on the year. "The return of Australian barley means everyone will be happier," said Miller Meng, brewmaster at Shanghai craft beer bar, The Brew. "Australian malt in the market return prices back on the right track," he said. But in the absence of Australian malting barley, many Chinese craft brewers turned to alternatives such as French or Canadian malt. That meant a perilous thinning of margins and the hope is that Australian imports will reverse this trend, craft brewers told Reuters.
Persons: Miller Meng, brewmaster, Trueman, Yang Zhenglong, Matthew Jimenez, Duvel, Casey, Dominique Patton, Peter Hobson, Edwina Gibbs Organizations: Canberra, EqualOcean International, Reuters, Casey Hall, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, Tianjin, Mongolia, Ukraine, Australian, Australia, Europe, Saudi Arabia, Beijing, Canberra
"After Russia’s full-scale invasion of Ukraine in February 2022 and the imposition of economic sanctions by the EU, US and a number of other advanced economies, Russian imports became increasingly invoiced in yuan," according to the paper led by economists Maxim Chupilkin and Beata Javorcik. The use of the Chinese yuan for trade with Russia has also increased for third countries that did not impose economic sanctions but hold a currency swap line with the People's Bank of China (PBOC), such as Mongolia and Tajikistan. Overall, economic sanctions could herald a gradual shift away from the U.S. dollar, the study said. "The dominance of the U.S. dollar makes international sanctions more effective, as firms engaged in international trade overwhelmingly require payments to be cleared through the U.S. banking system," the authors found. "At the same time, the use of economic sanctions may over time reduce attractiveness of the U.S. dollar as a vehicle currency and hence its dominance."
Persons: Maxim Chupilkin, Beata Javorcik, SWIFT, Jorgelina, Karin Strohecker, Philippa Fletcher 私 Organizations: European Bank for Reconstruction, EU, U.S, People's Bank of China, U.S . Locations: Ukraine, China, Russia, Mongolia, Tajikistan, Russian, Rosario
watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.
Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio
HANGZHOU, China, Sept 27 (Reuters) - The windswept nation of Mongolia has rarely been known for cricket but now has a place in the record books after suffering the biggest defeat in T20 internationals through a 273-run hiding by Nepal at the Asian Games on Wednesday. His batting partner Dipendra Singh Airee also came off with the record for the fastest fifty in T20 internationals, reaching the milestone in nine balls in his unbeaten 52 which included eight sixes. Mongolia were dismissed for 41, the biggest contribution from 23 extras, including 16 wides by the Nepali bowlers. The north Asians will have a chance to atone when they play the Maldives in their second match on Thursday. Reporting by Ian Ransom; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Kushal Malla, strode, South Africa's David Miller, India's Rohit Sharma, Wickramasekara, Dipendra Singh Airee, Mongolia's, Sandeep Lamichhane, Ian Ransom, Christian Radnedge Organizations: Asian Games, Zhejiang University of Technology, South, Thomson Locations: HANGZHOU, China, Mongolia, Nepal, Hangzhou, Czech, Afghanistan, Ireland, West Indies, South Africa, Maldives
The sources said other senior Russian energy officials would also be in the delegation. Gazprom, the world's biggest natural gas producer, and Rosneft, Russia's biggest oil producer, did not immediately reply to requests for comments. The proposed pipeline would bring gas from the Yamal peninsula fields in western Siberia to China, the world's top energy consumer and a growing gas consumer. China and Russia have yet to agree on the terms of gas deliveries via the route, including pricing. Negotiations are complex, in part because China is not expected to need more gas until after 2030, industry analysts said.
Persons: Vladimir Putin, Rosneft Igor Sechin, Yuri Trutnev, Alexei Miller, Igor Sechin, Vladimir Putin's, Putin, Xi Jinping, Sechin, Xi, Vladimir Soldatkin, Gareth Jones, Guy Faulconbridge, Barbara Lewis Organizations: Zvezda, Gazprom, Reuters, China's, Moscow, Thomson Locations: Bolshoy Kamen, Vladivostok, Russia, Ukraine, MOSCOW, China, Beijing, Moscow, Russian, Asia, Europe, Siberia, Mongolia
BEIJING, Sept 25 (Reuters) - Sixteen people were killed in a coal mine accident in Panzhou city in southern China's Guizhou province on Sunday, according to a filing by the mine's owner, Guizhou Panjiang Refined Coal Co, with the Shanghai Stock Exchange on Monday. All coal mines in Panzhou city have suspending production for a day, according to Shanghai-based commodities consultancy Mysteel. The area has a total production capacity of about 52.5 million metric tons per year of mostly coking coal, representing about 5% of China's coking coal production capacity, according to Mysteel. The company operates seven coal mines with a total capacity of about 17.3 million tons. The mine where the accident took place has an annual capacity of 3.1 million tons, according to Mysteel.
Persons: Andrew Hayley, Gerry Doyle Organizations: Shanghai Stock Exchange, Reuters, Authorities, Thomson Locations: BEIJING, Panzhou, China's Guizhou, Guizhou, Shanghai, Inner Mongolia, Beijing
A former Chinese official said the country's entire population couldn't fill its empty homes. He Keng said China's 1.4 billion population was likely insufficient to fill all its vacant houses. AdvertisementAdvertisementChina has long relied on real-estate development as a safe investment to bolster economic growth. Today, farmers have taken over the ghost town, plowing the land and letting cattle roam free around the empty mansions. But by 2016, its population was only around 100,000, and it has been described as "the largest ghost town in the world."
Persons: Keng, Evergrande, that's, Li Gan, Shenyang . Jade Gao Organizations: Service, Reuters, China News Service, Texas, M University, Greenland Group, Getty, Nikkei Locations: China, Wall, Silicon, France, City's, Shenyang, Shenyang ., AFP, Mongolia, Inner Mongolia, Ordos, Nikkei Asia
Xie Xuguang, from CNOOC Gas and Power Group's research centre, told a conference on Thursday that China's total gas demand may reach 396.4 billion cubic metres (bcm) this year. "We're expecting industrial gas demand to recover in the second half. Gas demand growth this year was seen at between 5.7% and 7.4%, according to estimates this week by ICIS, Energy Aspects and SIA Energy. China's total gas demand was forecast to peak in 2040 at 700 bcm, Xie added, echoing a previous forecast by state major Sinopec. Imports of both piped gas and liquefied natural gas were both expected to increase to meet rising domestic demand.
Persons: Stringer, Xie Xuguang, Xie, CNOOC, Andrew Hayley, Chen Aizhu, Christian Schmollinger, Michael Perry Organizations: Sinopec, Inner, Inner Mongolia Autonomous, REUTERS, CNOOC Gas, Power, ICIS, SIA Energy, Imports, Thomson Locations: Erdos, Inner Mongolia, Inner Mongolia Autonomous Region, China, TIANJIN, Japan, Russia's, Siberia, Russia
Vatican Media/­Handout via REUTERS/File Photo Acquire Licensing RightsVATICAN CITY, Sept 21 (Reuters) - Two bishops from mainland China are due to attend a major Vatican meeting next month, officials said on Thursday, a positive sign after recent tensions between the Holy See and Beijing. The two bishops were chosen by their brother bishops in China, meaning they likely had approval from the Communist government, which holds great sway over the Chinese Catholic Church. Two other Chinese bishops were allowed by the government to attend another synod for the first time in 2018 but did not stay for the entire meeting. A landmark 2018 agreement between the Vatican and China on the appointment of bishops has been tenuous at best, with the Vatican complaining that Beijing has violated it several times. Two months ago the Vatican chided Beijing for not consulting over the transfer of two bishops from one diocese to another.
Persons: Pope Francis, Anthony Yao Shun, Jining, Joseph Yang Yongqiang, Francis, Philip Pullella, Alex Richardson Organizations: Vatican, Handout, REUTERS, CITY, Communist, Catholic Church, Communist Party, Catholic, Churches, Thomson Locations: China, Beijing, Zhoucun, Hong Kong, Taiwan, Vatican, Mongolia
Opinion | Can We Put a Price on Climate Damages?
  + stars: | 2023-09-20 | by ( David Wallace-Wells | ) www.nytimes.com   time to read: +2 min
But whenever anyone tries to put an actual price on the damages from global warming — to calibrate a carbon tax, assess past responsibility or aid in litigation against fossil-fuel malefactors — the numbers are almost too much to process. One problem is that the damage accumulates over time, like a compound interest of climate degradation. Most carbon, once emitted, hangs in the air for centuries — and some of it lingers even longer. A lump of coal being burned in Shaanxi or Inner Mongolia today does climate damage equivalent to a lump that was burned in 19th-century Newcastle or 20th-century Pittsburgh, and an oil well decommissioned three decades ago may still be doing climate damage three centuries from now. I used an optimistically low future price for such technology and assumed no obstacles to scaling that tech, though many analysts see many such roadblocks.
Locations: United States, China, Shaanxi, Inner Mongolia, Newcastle, Pittsburgh
Total diesel exports for the first eight months of the year are up 197.2% versus the same period in 2022. Gasoline exports were up 23.7% to 1.38 million tons from 1.12 million tons in August last year. Jet fuel exports were 1.55 million tons, up 98.1% from 780,000 tons a year earlier. China's surging fuel exports have coincided with monthly refinery throughput rising to a record 15.23 million bpd in August. (This story has been corrected to say that domestic flight levels are around 17% above pre-pandemic levels, not 17% of pre-pandemic levels, in paragraph 7)Reporting by Andrew Hayley; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Stringer, refiners, Andrew Hayley, Christian Schmollinger Organizations: Dalian Airlines, REUTERS, Administration, Customs, Total, Domestic, Jet, Citi, Thomson Locations: Hohhot, Inner Mongolia, China, BEIJING
This year, the UNESCO World Heritage Committee is reviewing nominations from both 2022 and 2023, with participants from across the world attending the session in Riyadh, Saudi Arabia to examine almost 50 contenders. According to UNESCO, sites must be of “outstanding universal value” to be included on the World Heritage List. So far, the World Heritage Committee has inscribed approximately 1,157 sites in 167 different countries onto the World Heritage List. Seo Heun Kang/UNESCO World Heritage Nomination OfficeOnly those countries that sign the convention creating the World Heritage Committee and list are permitted to nominate sites. Gordion, the capital city of ancient Phrygia in Ankara, Turkey, is also nominated for a place on the UNESCO World Heritage List.
Persons: John E, Seo Heun Kang, Bale, Gordion, Mustafa Ciftci, Midas, Morten Rasmussen, Sarah Langrand, Dominique Marck, Bani Ma’arid, Bani Ma'arid, Hamad Al Qahtani, Koh Ker, Mount Pelée, Canada Bale, Francesca Street Organizations: CNN, UNESCO, United Nations Educational, Cultural Organization, UNESCO World Heritage, Heritage, World, Anadolu Agency, Danish Agency for Culture, Fine Arts Department, de Nîmes, National Center for Wildlife, Architectural Museum, Kazan Federal University, Khinalig, Tunisia ESMA Museum, Clandestine Center of Detention, Wooden Posts, Greece Historic Center of Guimarães Locations: Gaya, Denmark, Thai, Ohio, Riyadh, Saudi Arabia, Hancock, United States, Goryeong, South Korea, Addis Ababa, Phrygia, Turkey, Ankara, B.C.E, Madagascar, Si Thep, Thailand, Si, Nîmes, France, Gorokhovets, Russia, Vladimir Oblast, Erfurt, Germany, Cambodia, Khmer, Courland, Latvia, Kaunas, Lithuania, Ab’aj, Guatemala, India, Karakum, Tajikistan, Menorca, Spain, Ethiopia, Iran, Klondike, Canada, Czech, Odzala, Kokoua, Congo, Mount, Northern Martinique, Benin Ha Long, Ba Archipelago, Vietnam, Forests, Azerbaijan, Jericho, Palestinian Territories, Kazan, Tunisia, Argentina, Belgium, Suriname Royal, Netherlands, Anatolia, Bisesero, Rwanda, Yogyakarta, Indonesia, Masouleh, Turan, Kazakhstan, Turkmenistan, Uzbekistan, Northern Apennines, Italy, Tajikistan Highlands, Mongolian, Mongolia, Greece, Portugal
Tom Grond has been traveling full time since 2012 and sharing his adventures on social media. I travel full time, and I've visited 159 countries, including Vatican City, Kosovo, and Taiwan. After my big backpacking trip, I went back home and returned to my job, which I liked. When I was working as a dive guide in Ko Tao, Thailand, I started posting pictures of my work on Instagram, which had started getting popular. I love traveling, but I don't like to live as a touristAfter 4,000 days of traveling, I don't need to see every attraction.
Persons: Tom Grond, he's, I've, Instagram, Ko, it's, Joe Biden, that's Organizations: Google, Service, Vatican City, Tourism Locations: Wall, Silicon, Simpelveld, Netherlands, Vatican, Kosovo, Taiwan, Aruba, Americas, Ko Tao, Thailand, Bangkok, Maldives, Istanbul, Dubai, Mongolia, Colombia, Puerto Vallarta, Mexico, Italy, Vanuatu, Nepal, Argentina, Hawaii, Namibia, New Zealand, Guyana, Syria, Homs, Tom Grond Pakistan, Kashmir, United States, Iran, Algeria, Pakistan, Switzerland, Grond
It was near midnight, in a storm, on a dirt road in the middle of Mongolia. “Go for it.”Cole accelerated and the front tires plunged off an unseen embankment, slamming onto the rocks below. We were perched at a precarious angle, and the front half of the truck was submerged. Drawn by the noise, two young men came over from a nearby tent camp. One waded toward the car into the waist-deep water with a message typed on Google Translate: “This is dangerous.” I was too embarrassed to be scared.
Persons: Cole Paullin, , , ” Cole Organizations: Google Locations: Mongolia
BEIJING/HANOI (Reuters) -Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said on Thursday. A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Rare earth is a prized group of 17 minerals used in consumer electronics and military equipment. Myanmar accounted for 38% of rare earth imports into China in January-July, Chinese trade data showed, while the Southeast Asian country was the fourth biggest source of rare earth mining in 2022, data by the U.S. Geological Survey showed. ($1 = 7.3275 Chinese yuan renminbi)
Persons: Stringer, Eikon, SMM, , , Yang Jiawen, David Merriman, Merriman, ” Merriman, SMM’s Yang Organizations: REUTERS, Shanghai Metals, Mines, U.S . Geological Survey, Reuters Locations: BEIJING, HANOI, Myanmar, Bayan, Inner Mongolia, China, Myanmar’s Pangwa, Kachin State, Chipwi, Pangwa, Kachin, Southern China, Laos, Jiangxi province
It may have seemed like a good idea at the time. In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China in Shanxi province, according to an online notice by local authorities. The duo used an excavator to widen a pre-existing gap so that their heavy machinery could pass through it, according to the notice issued by Youyu County security officials. The pair — a 38-year-old man named Zheng and a 55-year-old woman named Wang — removed the wall "to shorten a journey," according to a CNBC translation of the notice published on Aug. 31. The suspects are both from Inner Mongolia.
Persons: Zheng, Wang — Organizations: CNBC Locations: China, Shanxi, Youyu, Inner Mongolia
Afterward the summit, Biden and Vietnamese General Secretary Nguyen Phu Trong will meet in Hanoi and are expected to announce plans to tighten economic cooperation. The Chinese economy is weighed down by a property bubble, local government debt, high youth unemployment and a broader inability to rebound as expected from pandemic lockdowns. But so far this year, the U.S. economy has outperformed expectations as the Chinese economy has underperformed. Still, China’s economic challenges could create more geopolitical risk as economics can often inform national security strategies. At an August fundraiser in Utah, Biden called China's economy a “ticking time bomb.”“When bad folks have problems, they do bad things,” the president said.
Persons: Joe Biden, Biden, Xi Jinping, Li Qiang, Nguyen Phu Trong, , Colleen Cottle, Gina Raimondo, Raimondo, ” Raimondo, ” Biden, Xi, Kamala Harris, Jake Sullivan, ” Sullivan, Yun Sun, Narendra Modi, Modi, Tracy Brown Organizations: WASHINGTON, Group, World Bank, International Monetary Fund, Biden, South China, White, Associated Press, U.S, Association of Southeast Asian Nations, White House, IMF, Stimson, Indian Locations: India, Vietnam, United States, China, White, New Delhi, Hanoi, Malaysia, Philippines, Taiwan, Brunei, South, Washington, U.S, Beijing, Jakarta, Indonesia, The U.S, Pakistan, Kenya, Zambia, Laos, Mongolia, Utah, Ukraine
[1/3] Pope Francis attends a meeting with bishops of the Synod of the Ukrainian Greek-Catholic Church at the Vatican, September 6, 2023. In a statement that was remarkable for its candour, they said their two-hour session with the pope at the Vatican was a "frank conversation". They were welcomed by the Kremlin, which praised the pope for what it said was his knowledge of Russian history. The statement from the Ukrainian bishops said the prelates "expressed the Ukrainian people's pain, suffering, and a certain disappointment" over the papal remarks. The statement quoted the pope as telling the bishops: "The fact that you doubted whom the pope is with was particularly painful for the Ukrainian people.
Persons: Pope Francis, tsars Peter I, Catherine II, Vladimir Putin, Francis, Putin, Philip Pullella, Mark Heinrich Our Organizations: Catholic Church, Vatican, Handout, REUTERS Acquire, CITY, Kremlin, Thomson Locations: Ukrainian, Russia, Moscow, Ukraine, Mongolia, Russian, propounding
Two workers have been detained in northern China after local authorities said they plowed through a section of the country’s Great Wall with an excavator, leaving a gaping hole. The security bureau said it was first notified of the hole in a section of wall, near the township of Yangqianhexiang, about 215 miles east of Beijing, on the afternoon of Aug. 24. Law enforcement officers rushed to the scene to find that a piece of the wall, believed to have been constructed by the Ming dynasty between the 14th and 17th centuries, had been severely “excavated and damaged by large-scale machinery,” the bureau said. The man, named in the release as Zheng, and the woman, named as Wang, are from the autonomous region of Inner Mongolia in the country’s north and were taken in for investigation, the bureau added. They have been charged with destroying a cultural relic, The China Daily, a state-owned media outlet, reported.
Persons: Zheng, Wang Organizations: Public Security Bureau Locations: China, Youyu, Yangqianhexiang, Beijing, Inner Mongolia
VATICAN CITY (Reuters) - The Catholic Church is to beatify a Polish family of nine including a new-born baby who died at the hands of the Nazis during World War Two, the Vatican's saint-making department said on Tuesday. The service to beatify Jozef and Wiktoria Ulma and their seven children will be held on Sunday in the Polish town of Markowa where they died in March 1944. The family was killed by German military police for sheltering a family of Jews. Vatican media have noted that it is the first time that an entire family has been honoured together in this manner. The other six Ulma children executed by the Nazis were aged between 18 months and seven, it added.
Persons: beatify Jozef, Wiktoria Ulma, Ulma, Pope Francis, Keith Weir, Alvise, Nick Macfie Organizations: VATICAN CITY, Catholic, Roman Catholic Church, Vatican Locations: Polish, Markowa, Mongolia
People wave Chinese and Hong Kong flags, as Pope Francis arrives to attend the Holy Mass in the Steppe Arena, during his Apostolic Journey in Ulaanbaatar, Mongolia September 3, 2023. Mongolia was part of China until 1921 and the pope's trip was dotted by allusions or appeals to the superpower next door, where the Vatican has scratchy relations with the communist government. At the end of Sunday's Mass he sent greetings to China, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens." On Saturday, in words that appeared to be aimed at China rather than Mongolia, Francis said governments have nothing to fear from the Catholic Church because it has no political agenda. Beijing has been following a policy of "Sinicisation" of religion, trying to root out foreign influences and enforce obedience to the Communist Party.
Persons: Pope Francis, Carlos Garcia Rawlins, Francis, Mercy, Italian Cardinal Giorgio Marengo, Philip Pullella, Michael Perry Organizations: REUTERS, Catholic, Communist Party, United, Thomson Locations: Hong Kong, Ulaanbaatar, Mongolia, ULAANBAATAR, China, Italian, Beijing, United States, Iran, Russia, Vatican
Pope acknowledges his Russia comments were faulty
  + stars: | 2023-09-04 | by ( Philip Pullella | ) www.reuters.com   time to read: +4 min
[1/3] Pope Francis holds a news conference aboard the papal plane on his flight back after visiting Mongolia, September 4, 2023. "I was not thinking of imperialism when I said that," Francis said about his comments last month. The comments caused an uproar in Ukraine because Russian President Vladimir Putin has invoked the legacies of the two Russian monarchs in justifying his invasion of Ukraine and the annexation of its territory. They were welcomed by the Kremlin, which praised the pope for his knowledge of Russian history. There were dark political years in Russia but the heritage is there, available to all," he said.
Persons: Pope Francis, Ciro Fusco, Pope, Catholic Church Pope, Francis, tsars Peter I, Catherine II, Vladimir Putin, Fyodor Dostoevsky, Peter, Catherine, Francis said, John XXIV, Philip Pullella Organizations: REUTERS Acquire, Catholic Church, Kremlin, Communist Party, Vatican, coy, Thomson Locations: Mongolia, Russia, Ukraine, Kremlin China, China, Vatican, Beijing, Vietnam, Marseilles
While Mongolia’s economy relies heavily on its two giant neighbors, and especially China, it has pursued a diplomatic strategy called the “third neighbor” which seeks to reinforce political independence and cultivate allies and investment partners from countries including Japan, South Korea, Germany and the United States. “It is a very real thing here,” said Odbayar Erdenetsogt, the foreign policy adviser to Mongolia’s president. But that didn’t change the fact that the country’s priority was the best relations possible with its two actual neighbors: “Our president is very good friends with Putin. He is very close and very good friends with Xi Jinping. We have to have that connection.”Asked whether that relationship could help the Vatican’s diplomacy with either nation, but especially China, Mr. Erdenetsogt offered a diplomatic reality check.
Persons: Dostoyevsky, , ” Francis, , , Odbayar Erdenetsogt, Putin, Xi Jinping, Erdenetsogt Locations: Mongolia, Mongolian, — Russia, China, Japan, South Korea, Germany, United States
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