Due to supply chain constraints and the ongoing Russian-Ukraine war, oil prices have markedly increased around the world. In the United States (US), gas prices have reached an all-time high. Drivers, on average, had to pay $4.17 for a gallon of regular gas in March of 2022. [1] This is not the first time the US is experiencing surging oil …

The Russian Federation imported US$231.6 billion worth of goods from around the globe in 2020, up by 27% since 2016 but down by -5% from 2019 to 2020. Based on the average exchange rate for 2020, the Russian ruble has depreciated by -7.5% against the US dollar since 2016 and declined by -11.4% from 2019 to 2020, therefore, the Russian …

Inflation has been a long-term problem for Argentina with ups and downs, especially since the eighties. In 1989 a serious economic, political and social crisis began, with inflation reaching 3000% and street riots. To solve the situation, the country applied the Convertibility Policy, in which the value of the Argentine peso was brought into line with the US dollar. This …

Relations between the two nations stretch back millennia as both countries were colonized by Spain during the Age of Imperialism, the two became military allies with the governments of each nation supporting one another. An ulterior testimony of their long-lasting alliance is the fact in 1949 when Indonesia got its independence, the Philippine government immediately supported and recognized Indonesian independence, …

In September 2021, SCO launched officially the procedure to include Iran in its organization. With this new member the SCO is still expanding its territory over Asia, raising the number of inhabitants concerned directly by the organization and under the power of it, and gaining international status adding a democratic country. This diversity can be a powerful asset but also …

From the 1st of January 2022, Ethiopia, Mali and Guinea have been excluded from the African Growth and Opportunity Act (AGOA). This program provides access to Sub-Saharan African nations to a duty free trade program. They have been excluded due to the fact that they breached a clause concerning human rights protection, good governance and transparency. Human rights, Good Governance …

Today’s international relations are characterised by the multipolarity of actors in the international system, with more and more countries influencing politics, security and economics. Eurasia has become a strategic region due to its economic potential and natural resources, which has led these countries to unite under the Shanghai Cooperation Organisation (SCO). Initially formed in 2001 by China, Kazakhstan, Kyrgyzstan, Russia, …

The 1957 Treaty of Rome set out measures to build a single market through the liberalisation of trade within the European Economic Community. This document also included complementary social measures aimed at improving the living and working conditions of Europeans, maintaining high wages, addressing the imbalances caused by the restructuring of certain economic sectors and equal working conditions for men …

If the Ukrainian and Crimean crises are still a cause for concern in the eyes of the European Union and the United States, it is certain that the challenge launched by Russia to the world in this century is no longer military or ideological, but a global economic challenge. Nobody, a few years ago, believed that the Eurasian economic Union …

Once again Turkey finds itself in a currency crisis, In fact, the lira lost more than 40 percent of its value against the United States dollar this year, making it the worst-performing of all emerging market currencies, In November alone, the lira lost nearly 30 percent of its value against the dollar and, sinceTurkish businesses that depend on imported goods …