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21. Political Signals: Why Are Some Countries Abandoning the Dollar in Their Foreign Trade?

Author:
FARAS
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
Several Middle Eastern countries, such as Turkey and Iran, have been recently shifting into international currencies or local currencies, instead of the US dollar, in their foreign trade. This shift comes amid the US economic sanctions on Iran in tandem with its souring relations with Turkey. What is striking in this regard is that there is an international acceptance of other currencies, especially the Chinese yuan, with the pricing of some oil contracts in the same currency. This move seems to have a particular political significance, namely rejecting the impact of the US dollar on the trade of these countries rather than its economic feasibility, amid the sharp fluctuations in the local currencies of Iran, Turkey, and India in the past period.
Topic:
Economics, International Trade and Finance, Currency, and Trade Policy
Political Geography:
Russia, China, Iran, Eurasia, Middle East, North America, and United States of America

22. What are the Implications of Russia-Turkey S-400 Missile Deal?

Author:
FARAS
Publication Date:
08-2017
Content Type:
Special Report
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
Turkey and Russia recently announced that their talks about the delivery of the Russian S-400 surface-to-air missile defense system to Ankara were now at a nal stage. That is a sign that a key element of the deal, estimated at USD 2.5 billion, has already been achieved. According to statements delivered by Sergei Chemezov, the head of Russia’s Rostec state corporation, in Moscow one week before the MAKS-2017 air-show, the two countries resolved technical issues regarding the con- tract of the four missile interceptor batteries, with only administrative issues remaining. His statement indicates that the serious steps have been already taken towards implement- ing what can be described as a done deal.
Topic:
International Relations, International Security, and International Affairs
Political Geography:
Russia and Turkey

23. How is the Battle for Deir Ezzor Impacting Russia-Iran Convergence?

Author:
FARAS
Publication Date:
11-2017
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
Russia recently conducted military strikes on several fronts in Deir Ezzor province in eastern Syria, especially to the south in the border town of Boukamal. These strikes were conducted to retake ISIS’ last strong- holds in Syria after the liberation of Raqqa, the group’s de facto capital, in mid-October by the so-called Syrian Democratic Forces (SDF), a Kurdish-led militia. The militia, backed the US-led coalition, controls the east side of the Euphrates river in Deir Ezzor and now is in a frantic race with al-Assad’s forces to recapture Boukamal, where Russia’s use of air and naval re- power aims to settle the battle and consolidate its presence ahead of the coming political milestones in Syria.
Topic:
International Cooperation and International Affairs
Political Geography:
Russia and Iran