Qatar Sells Most of its Shares in Russian Gas Company

DAILY BASKET – NEWS COMMENTARY

We had reviewed in April 10, 2017 the news that Qatar had begun to increase its investments in Russia. It had invested approx. US$ 2 Billion between 2014 and 2016. Another US$ 1 Billion in 25% of Russian Pulkova airport, and US$ 11 Billion for about 20% of Rosneft Oil Co., the largest oil Continue reading “Qatar Sells Most of its Shares in Russian Gas Company”

Share

Venezuelan Collapse? Wishful Thinking?

The oil and business press is abuzz with predictions of an imminent Venezuelan financial collapse, as a prelude to its political implosion, which should oust President Maduro and erase the Hugo Chaves ambitious experiment. Continue reading “Venezuelan Collapse? Wishful Thinking?”

Share

Russia And China Setting Up An Alternative To The Dollar?

DAILY BASKET – NEWS COMMENTARY

Russia And China Setting Up An Alternative To The Dollar?

MARSAL COMMENTS: On March 14th, Russia opened a branch of its central bank in Beijing, and earlier, China had opened a clearing bank in Moscow. Their objective is to facilitate trade settlement in Rubble, Yuan and of course, gold. Continue reading “Russia And China Setting Up An Alternative To The Dollar?”

Share

Iran and Russia Developing Barter Trade

DAILY BASKET – NEWS COMMENTARY

Iran and Russia Developing Barter Trade

MARSAL COMMENTS: Russia and Iran announced an “Oil-For-Goods” deal, where Iran sells Russia around 100,000 barrels of oil per day and gets paid in goods such as construction, railroad and airport equipment, etc. Continue reading “Iran and Russia Developing Barter Trade”

Share

Egypt and Russian Arm Wrestling Over Wheat?

DAILY BASKET – NEWS COMMENTARY

Egypt and Russian Arm Wrestling Over Wheat?

MARSAL COMMENTS: Egypt recently rejected a Russian Wheat shipment, then forbade the unloading of another. To-date, it has stopped seven shipments, claiming problems with wheat specs. Accordingly, it is changing the rules for import. Continue reading “Egypt and Russian Arm Wrestling Over Wheat?”

Share

Rising Stakes in Syrian War

DAILY BASKET – NEWS COMMENTARY

Rising Stakes in Syrian War

MARSAL COMMENTS: the US seems to have sent hundreds of fully equipped and armed marines to Syria, in addition to another few hundred with artillery near Raqqa. This is in preparation for the assault to liberate Raqqa from ISIS together, presumably, with the Kurdish militias. Continue reading “Rising Stakes in Syrian War”

Share

Iran and Russia getting much closer

Iriran-1548891_640an and Russia getting much closer

THE NEWS:

Iran President Rouhani announced recently that he expects Russian relations to improve substantially, especially after the planned Intergovernmental Committee meeting scheduled for Dec 13, 2016. Continue reading “Iran and Russia getting much closer”

Share