Russian imports in general have largely returned to their pre-war 2020 levels and analysis of trade data suggests that advanced chips and integrated circuits made in the EU and other allied nations are being shipped to Russia through third countries such as Turkey, the United Arab Emirates and Kazakhstan.
The new actions unveiled this week placed a number of Chinese companies on an entity list, requiring suppliers to get difficult-to-obtain U.S. government licenses.
By Bryce Baschuk (Bloomberg) — The UN said efforts to “friend-shore” manufacturing could weigh on a global trading system that a new report warns still faces transport headwinds and inflationary pressures.
Today’s policymakers understand the power of networks but need more guidance on how to build and employ them as tools of competition in a contested world rather than a world of open borders and markets.
The World Trade Organization is predicting global trade volumes will grow a lackluster 1% next year as crises and challenges weigh on markets, including high energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering covid-19 pandemic.