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Modi, who leads the world’s biggest democracy, has propped Putin up by making India one of a few loyal customers of Russian oil and gas throughout the two-year war in Ukraine. For all the controversies over nuclear power, it’s a zero-carbon form of energy when generated and it’s fast becoming part of many countries’ answer to the climate crisis. “Clearly the Kremlin has decided that would be a good idea, and some countries are keen to expand their own nuclear power production. It changed its tune in May, when it banned Russian uranium imports, and is on a quest to rapidly develop its own industry to produce HALEU to fuel its own next-generation reactors. It can only benefit India being part of closer collaboration in the Arctic.”She added that India was also benefiting from processing Russian crude oil.
Persons: Vladimir Putin, Narendra Modi, Putin, Modi, Modi’s, ” Elisabeth Braw, Gavriil, Biden, , Alan Ahn, GAVRIIL GRIGOROV, ” Braw Organizations: CNN, Indian, TASS, Atlantic Council’s Transatlantic Security Initiative, ., Getty, Energy, Washington DC, Getty Images Locations: Moscow, Russia, Ukraine —, India, Ukraine, Europe, . Russian, AFP, China, United States, Washington
Western firms in Russia risk losing their assets if the US touches Russia's frozen reserves, a think tank expert wrote. Instead, Moscow could target foreign holdings that remain in Russia, making Western companies vulnerable to costly expropriation risk. That's on top of previous measures Russia introduced in retaliation to Western sanctions, such as the freezing of bank accounts owned by "unfriendly" non-residents. Taking the Kremlin at its word, $290 billion worth of Western assets are liable for seizure. "Earlier this month, Russia seized more than €700m ($757m) from three Western banks after a construction project fell apart as a result of Western sanctions.
Persons: Elisabeth Braw, , Braw, That's, David O'Sullivan Organizations: Service, Atlantic, Center for, West, Reuters, Carlsberg, Danone, European, RBC Ukraine Locations: Russia, West, Moscow, Russian, Ukraine
Read previewWhen President Joe Biden addressed the sudden death of Russian dissident Alexey Navalny last week, he had no doubt where the blame lay. But where Biden sounded less certain, was on how the Russian president should pay for the alleged crime. For instance, the US has sought to cut off Russia's export of oil and gas, a trade that is at the heart of the Russian economy. Putin has placed the Russian economy on a war footing, with 6% of GDP spent on arms and ammunition production, meaning that US attempts to seriously constrict Russian weapons production have failed. And there remain options open to the US and other countries in the West if they choose to punish Russia even further.
Persons: , Joe Biden, Alexey Navalny, Biden, Navalny, Putin, Donald Trump, Elisabeth Braw, Edward Lucas Organizations: Service, Business, Kremlin, New York Times, Munich Security, US, Republicans, Treasury, Atlantic Council, Observer, Times Radio Locations: Russian, Russia, Ukraine, India, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Houthis are more sophisticated than 'your random pirates,' analyst saysElisabeth Braw, an Atlantic Council senior fellow, discusses the U.S. and U.K.'s move to hit Houthi targets to weaken Iran-backed groups.
Persons: Elisabeth Braw Organizations: Atlantic Council senior Locations: Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAEI's Elisabeth Braw explains why doing business in China may no longer be insurableElisabeth Braw, AEI senior fellow in foreign and defense policy, joins 'Squawk Box' to discuss the political risk insurance market, why doing business in China might be uninsurable, the cost of political risk insurance, and more.
Persons: Elisabeth Braw Organizations: AEI Locations: China
When House Speaker Kevin McCarthy and Taiwan’s President Tsai Ing-wen met in California last week, Beijing expressed its displeasure. It did so by sending patrol vessels to the Taiwan Strait, where Chinese authorities said the vessels might conduct inspections. China could use such inspections to block this vital trade artery. Friendly navies should signal support for Taiwan’s navy. Governments should create an early-warning system for the shipping world, so vessels take alternate routes.
[1/8] A U.S. Air Force MQ-9 Reaper drone sits in a hanger at Amari Air Base, Estonia, July 1, 2020. On the diplomatic and economic fronts, talks continued to extend a deal to allow grain shipments from Ukraine's Black Sea ports that is due to expire this week, the United Nations and Turkey said. DRONE CRASHTwo Russian Su-27 jets carried out what the U.S. military described as a reckless intercept of the American spy drone while flying in international air space. The accounts of the incident in the Black Sea, which is bordered by Russia and Ukraine among other countries, could not be independently verified. RUSSIAN AMBASSADOR SUMMONEDRussia's Ambassador to Washington Anatoly Antonov was summoned by the U.S. State Department to discuss what happened over the Black Sea, said spokesperson Ned Price.
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