The leaders of all five littoral states attended the fourth Caspian Sea summit in the Russian city of Astrakhan yesterday. The latest meeting was more significant than previous summits held in Turkmenistan in 2002, Iran in 2007 and Azerbaijan in 2010, as the parties reached important agreements on some issues. Yet, others continue to divide them, with implications that reach far beyond the Caspian. At yesterday’s summit, the five littoral state presidents—Russia’s Vladimir Putin, Turkmenistan’s Gurbanguly Berdymukhammedov, Azerbaijan’s Ilham Aliyev, Iran’s Hassan Rouhani and Kazakhstan’s Nursultan Nazarbayev—renewed their commitment to keeping non-Caspian countries from establishing a military presence on the […]
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France has suddenly and shockingly found itself in the middle of the Iraq maelstrom that it had managed up until now to avoid. With its armed forces engaged in the U.S.-led air campaign against the Islamic State group and a French citizen killed by the group’s sympathizers in retaliation, Paris’ policy in Iraq and the region beyond is being put to the test. In a recent statement, as succinct as it was scathing, Abu Muhammad al-Adnani, the spokesman for the Islamic State group (also known as ISIS), called on the group’s recruits and supporters to target France and its citizens […]
Last month, senior diplomats from Uganda and the Democratic Republic of Congo met to discuss bilateral relations, specifically a $10 billion fine the International Court of Justice levied on Uganda in 2005 over its incursions into the DRC. In an email interview, Gaaki Kigambo, a journalist in Uganda, discussed current efforts to improve relations between Uganda and the DRC. WPR: What is the history of Uganda’s intervention in the DRC’s wars since the 1990s? Gaaki Kigambo: Uganda first entered the Democratic Republic of Congo—then called Zaire—in 1996, apparently in hot pursuit of rebels from the Allied Democratic Forces (ADF) who […]
SHANGHAI—Since coming to power, the current Chinese government has steadily managed down both the rate of actual industrial expansion and expectations of future growth in the world’s second-largest economy, with a host of key economic indicators now at multiyear lows. Strikingly, however, in the face of what might be described as an industrial hard landing, job creation and income growth remain remarkably robust. There has never been a shortage of predictions of the impending collapse of the Chinese economy. But year after year, the country has defied the bears and continued its remarkable economic development faster than the majority of […]
Earlier this month, the United Kingdom and China announced the upcoming issuance of a U.K. government bond denominated in yuan, making the U.K. the first Western government to borrow in China’s currency. British and Chinese authorities noted that the funds raised by the bond will be used to add yuan to the U.K.’s foreign exchange reserves. While there was no indication as to how much London was looking to borrow, the move alone is a significant milestone for Beijing. Five years ago, the yuan had virtually no presence outside of China’s borders. But each year since, the currency has taken […]
On his visit to Vietnam in mid-September, Indian President Pranab Mukherjee assured his hosts that India would always be their “all-weather friend.” While some may read too much into the timing of that statement, delivered on the eve of Chinese President Xi Jinping’s trip to India, agreements signed by India and Vietnam on energy and defense during Mukherjee’s visit are certain to get Beijing’s attention. After all, they come at a time when China and Vietnam have renewed negotiations over their maritime disputes in the South China Sea and as India pushes back against China’s plans for maritime expansion across […]
Two Chinese warships paid a port call to Iran over the weekend, in advance of a four-day joint naval exercise with the Iranian navy that was reportedly to begin Monday. The visit highlights China’s ties with Iran, at a time when the outcome of international negotiations over Iran’s nuclear program remains uncertain. As those negotiations resume, China seems to be the least concerned of all the parties about their outcome. This apparent indifference is understandable: Iran is physically distant from China; has not threatened China directly or through supporting terrorism targeting China; and is not China’s only source of Middle […]
In July, just days before a New York court ruling put Argentina in default on a $539 million payment to creditors, Argentine President Cristina Fernandez de Kirchner signed an agreement with Chinese President Xi Jinping whereby China would loan Argentina $11 billion worth of yuan, which the latter could use to either bolster its currency reserves or pay for imported Chinese goods. The first installment of $1 billion is expected by year’s end, according to the Buenos Aires daily La Nacion. The currency swap deal, as well as a secretive deal for a Chinese satellite-tracking station in Argentina, have drawn […]
Earlier this month, Algeria and Russia signed a nuclear energy cooperation deal. In an email interview, Bruno Tertrais, senior research fellow at the Paris-based Fondation pour la Recherche Strategique (Foundation for Strategic Research), discussed Algeria’s nuclear program. WPR: What is the current status of Algeria’s civil nuclear program? Bruno Tertrais: Algeria has had a nuclear research program for almost three decades. Algeria has two main research facilities: Draria, which hosts a small 1-MW reactor near Algiers, and Ain-Oussera, a 15-MW reactor in the Sahara desert south of Algiers. The country has had plans for nuclear power reactors for a long […]
China pledged investments worth $20 billion to India and the two neighbors signed more than a dozen agreements and committed to settling their contentious border disputes during Chinese President Xi Jinping’s maiden official visit to India, which began Wednesday and ends today. Over the next five years, China promised to help India upgrade its rail system and put in place high-speed train corridors. It has also promised to invest in roads and two industrial parks in Gujarat and Maharashtra states, and to give more market access to products from India. The two nations called for better people-to-people ties and more […]
Thanks to its comprehensive democratization and its “Miracle on the Han,” which transformed the Republic of Korea into a developed country, South Korea has realized its aspirations to become a major international player. Nonetheless, the persistent threat from a perennially belligerent North Korea, along with the challenge of having three of the world’s most powerful countries as neighbors, continues to constrain South Korea’s global opportunities. Foreign Policy Although South Korean foreign policy cannot ignore its northern neighbor, the absence of any real movement in bilateral ties has meant that Seoul’s relations with Washington, Beijing and Tokyo have seen the most […]
Last month the Kenyan-based mobile money transfer system M-PESA launched in Romania. In an email interview, Diane Mullenex, a partner at the law firm of Pinsent Masons, discussed the expansion of M-PESA outside of Africa. WPR: Why did M-PESA choose Romania as its first European country of operations? Diane Mullenex: M-PESA’s success in Kenya was primarily due to several factors, including the existence of a mostly “unbanked” population, a high penetration rate of mobile phones and a non-competitive market. Naturally, when it decided to expand its M-PESA service, Vodafone searched for countries presenting the same characteristics. After India in 2013, […]
The Western Sahara conflict is fast approaching its 40th anniversary with no end in sight. A web of geopolitical interests keeps the conflict in a permanent state of limbo. At the heart of this web is the U.N. Security Council, which has managed the conflict since the late 1980s. The council has been historically reticent to take dramatic action to resolve the dispute and remains so today. Though there has been “peace” in Western Sahara since 1991 when a cease-fire came into effect, all efforts to reconcile Morocco’s claim of sovereignty against the local population’s right to self-determination have failed. […]
China’s initiative to establish a “Maritime Silk Road,” which would connect China to Europe through new and upgraded ports and maritime infrastructure, received a boost this week when Singaporean Prime Minister Lee Hsien Loong backed the plan. In an email interview, Geoffrey Wade, visiting fellow at the Australian National University College of Asia and the Pacific, discussed China’s goals for the Maritime Silk Road initiative. WPR: What is the proposed route of China’s Maritime Silk Road, and how have potential partners responded to the plan? Geoffrey Wade: The “21st-century Maritime Silk Road” is a rhetorical construct promoted by China since […]
On Sept. 3, France announced that it would suspend the delivery to Russia of the Vladivostok, a multipurpose amphibious warship of the Mistral class, until at least late October, and that the delivery would take place only if the situation in Ukraine improved. The move comes after months of acrimony among France’s European Union and NATO allies over the sale, which French President Francois Hollande was loathe to cancel due to the economic implications of forfeiting the $1.6 billion contract. Hollande inherited the Mistral problem from his predecessor, Nicolas Sarkozy, who entertained good personal relations with Russian President Vladimir Putin. […]
Scotland heads to the polls next week to vote on the question, “Should Scotland be an independent country?” The latest polls show that the “no” camp is ahead with 53 percent of voters. However, this comes only days after a YouGov poll indicated that 51 percent of Scots were in favor of independence. The uncertainty of which way the referendum will go reflects the uncertainty over what the consequences would be if Scotland were to be become an independent nation, especially with regard to foreign policy. The Scottish National Party (SNP), which is leading the campaign for Scottish independence, “is […]
A new love affair is blossoming in Asia. Like so many who have entered the rarefied air of romance, the protagonists, India and Japan, are starry-eyed and filled with expectations that theirs is a relationship of unusual depth, one that was meant to be. They may be right. There is one obstacle that remains a roadblock—differences over nuclear strategy—but that should not obscure the fact that relations between two of Asia’s major powers are growing closer, and there are many reasons to expect this to continue. Indian Prime Minister Narendra Modi just completed a visit to Japan, something of a […]