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☆ Why the current oil boom for Arab states may be their last
▼ + stars: | 2022-09-19 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

During previous oil booms, Gulf states were seen as squandering their wealth on wasteful and inefficient investments, building sprees and buying weapons, as well as handouts to citizens . Gulf states appear to be working on diversifying. Since the last oil boom that ended in 2014, four of the six Gulf states have introduced value-added tax and the UAE has gone further by starting a corporate income levy . None of the Gulf states have an income tax. Critics counter that it is in the oil exporters' interest to push that narrative, but oil states have pointed to the rise in crude demand that coincided with the removal of Covid-19 restrictions around the world.

☆ Kremlin says Ukrainian war crimes claims are a lie
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Kremlin spokesman Dmitry Peskov attends a news conference of Russian President Vladimir Putin following the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan September 16, 2022. Sputnik/Sergey Bobylev/Pool via REUTERS/File PhotoSummary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 19 (Reuters) - The Kremlin on Monday rejected allegations that Russian forces had committed war crimes in Ukraine's Kharkiv province as a "lie". Ukrainian President Volodymyr Zelenskiy said investigators at the site had found evidence of torture, including bodies with hands tied, and accused Russian troops of committing war crimes. read moreAsked on Monday about Zelenskiy's statements, Kremlin spokesman Dmitry Peskov told reporters: "It's the same scenario as in Bucha.

☆ China-Russia meeting as Ukraine war rages should remind the U.S. that Putin hasn't lost
▼ + stars: | 2022-09-16 | by ( David A. Andelman | ) www.nbcnews.com time to read: +8 min

Russian President Vladimir Putin might be losing on the battlefield, at least for the moment, but it’s a mistake to count out the master of the Kremlin. It’s not even enough to diminish the Russian leader’s influence in Europe. It’s not even enough to diminish the Russian leader’s influence in Europe, with Sweden and Italy on the precipice of forming new governments that could tilt toward him as well. From left; Russian President Vladimir Putin, Iranian President Ebrahim Raisi and Turkish President in Tehran on July 19, 2022. Will they want their political futures hitched to Putin as the Ukraine war drags further on his image and capabilities?

☆ China and Russia present united front at regional summit despite differences
▼ + stars: | 2022-09-16 | by ( Nectar Gan | Rhea Mogul | ) edition.cnn.com time to read: +8 min

In recent months, China has offered Russia tacit support and stepped up economic assistance to its neighbor, boosting bilateral trade to a record high. But Kewalramani said the SCO could provide a "space (for India) to engage with China and Russia." "Particularly, being on the table while China and Russia are together, because the closer that relationship gets, the trickier it gets for India," he said. Since 2019, Iran, Russia and China have held three joint naval drills amid deepening ties. But some experts say in its current state, the SCO is not really the ideal platform for China and Russia to push that anti-West world order.

☆ With a grin, Putin warns Ukraine: the war can get more serious
▼ + stars: | 2022-09-16 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin attends a meeting with Turkish President Tayyip Erdogan on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan September 16, 2022. SAMARKAND, Uzbekistan, Sept 16 (Reuters) - President Vladimir Putin on Friday brushed off a lightning Ukrainian counter-offensive with a smile but warned that Russia would respond more forcefully if its troops were put under further pressure. Well, let's see how it develops, how it ends up," Putin said with a grin. Russia hit Ukrainian infrastructure in response - including a reservoir dam and electricity supplies - and Putin said those attacks could get worse. Putin also said Russia was gradually taking control of new areas of Ukraine.

☆ 'No limits' relationship between China and Russia has limitations, professor says
▼ + stars: | 2022-09-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"It's an unequal partnership, and China is in the dominant position in the relationship," said Matthew Sussex, an associate professor from Griffith University in Australia. He attributed it to the fact that Russia needs China more than China needs Russia. China and Russia's relationship may not necessarily be on equal footing, said an associate professor from Griffith University, Matthew Sussex. Still, the strategic partnership between China and Russia will continue to exist, said associate professor at University of Nevada, Xiaoyu Pu. "China will not provide any military support… to Russia, so I think China has its own reservations about Russia's war," he said.

☆ 3 ways China and Russia are forging much closer economic ties
▼ + stars: | 2022-09-15 | by ( Laura He | Cnn Business | ) edition.cnn.com time to read: +10 min

Beijing has carefully avoided violating Western sanctions or providing direct military support to Moscow. For the first eight months of this year, total goods trade between China and Russia surged 31% to $117.2 billion. "Russia needs China more than China needs Russia," said Keith Krach, former Under Secretary of State for Economic growth, Energy and the Environment in the United States. For China, Russia now accounts for 2.8% of its total trade volume, slightly higher than the 2.5% share at the end of last year. "Russia's war in Ukraine is not in China's interest, but given Western hostility, China will not oppose Russia," she added.

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