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A senior American diplomat let slip that North Korea makes $1 billion a year on coal exports, mostly to China. That will come as a surprise to anyone who puts faith in UN sanctions to block Pyongyang's nuclear program. It is also grim news for Chinese coal producers, who are on the verge of financial collapse.
Russia’s economic model is exhausted. The country can no longer rely on its economy growing on the back of rising oil prices, warn analysts. Problems that Russia could once afford to ignore will now come to the fore unless the government undertakes structural reforms to increase investment and unlock higher economic growth rates.
Professor Stefan Hedlund
Dr. Michael Wohlgemuth
Dr. Carole Nakhle
Germany's nuclear free decision, phasing out nuclear power plants and switching to renewable energy, has not only had an effect on the domestic front. EU countries could see a cut in their energy supply, and now Russia’s bargaining power is strengthened. This final report of a three-part series on the decision looks at the impact on Germany’s neighbours.
Dr. Frank Umbach