The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the…
Russian military observer Andrei Kotz offers his take on the top five man-portable anti-armor rocket launchers in the world. Over the past couple weeks, the Syrian Army and Russian air power have been busy liquidating a large group of Daesh militants near Akerbat, a strategic village on the border between the provinces of Hama and Homs. The further Syrian forces encircled…
Washington has dismal bilateral relations with Russia, China and other sovereign independent nations. Things got worse with the ordered closure of Russia’s San Francisco consulate along with annex buildings in Washington in New York. For the first time, the US Pacific Command developed a schedule for South China Sea naval patrols, claiming its freedom of…
