It’s not just Ukraine. No, not by a long shot.
Here, from Michael Every at Rabobank, is ALSO what’s brewing:
- Europe is full of problems, as is the UK, and both are raising problems for each other.
- Turkey and Greece are at serious loggerheads.
- Africa is seeing less European influence just as its resources become more vital to the EU.
- US ally Colombia voted in a former rebel leftist as president, shifting LatAm further from the US orbit – the next key election is Brazil on 2 October.
- Israel will call new elections for 25 October, which will likely produce unstable/caretaker Prime Minister Lapid or a comeback for Netanyahu.
- There is a flurry of activity in the Middle East centred around Iran, more of whose nuclear scientists are suddenly dying.
- Tensions in the Taiwan Straits are escalating as China claims they are not international waters, just after announcing its armed forces can operate abroad outside of declarations of war.
- The Uyghur Forced Labor Prevention Act (UFLPA) goes into effect today, blocking all imports to the US originating in whole or part from Xinjiang – though if/how this will be enforced remains to be seen.
- In ASEAN, the Philippine Senate just adjourned its last session without ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement due to objections that accession will harm the country’s farmers.
- Even Kazakhstan and Russia just blocked each other’s oil and coal exports.
AND, SORRY TO SAY, THERE’S MORE ON THE WAY.
AND DON’T WE ALL KNOW IT.
Tudor Place 