Word: agreements
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...days before the Brazilian deal, China secured what may be the most strategically significant agreement of all: Beijing agreed to lend $15 billion to cash-strapped Rosneft, Russia's oil major, and another $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash, but in crude - 300,000 barrels a day from the huge east Siberian oil field. That's about 4% of China's current total demand for crude, secured on very favorable terms. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per barrel...
Twenty years ago, when Lula was a firebrand unionist, that sentiment might have been dismissed as dreamy rhetoric. Not today. However the crisis ends, there is widespread agreement that developing economies such as Brazil, China and India will be crucial to ensuring that demand remains buoyant. Lula, too, has changed. These days he's a pragmatist who is as popular inside corporate boardrooms as he is in the favelas. On March 17, he will meet new U.S. President Barack Obama - a fellow moderate liberal who shares Lula's passion for green-energy ventures - in the White House. He will...
...legal challenge of all time. The International Criminal Court has worldwide authority, but its executive power is limited to a few buildings in the Hague and its budget to $125 million, one-thirtieth the size of the New York Police Department's. It has wide agreement on what constitute the worst offenses, but its mandate to prosecute them is rejected by the governments of more than half the world's people...
...Indeed, the worst possible scenario emerging out of this diplomatic fracas is a joint Russo-Iranian alliance against the United States. Energy-rich Russia and Iran have struck a friendship of sorts. In 2000, then-President Putin abrogated the 1995 Gore-Chernomyrdin agreement and renewed arms dealings between Russia and Iran. Since then, Putin has signed a $1 billion arms deal with Iran and supported Iran’s nuclear ambitions. During Putin’s 2007 visit to Tehran, the first trip to the Iranian capital by a Kremlin leader since Joseph Stalin’s visit...
...Easier said than done, however, because the only basis for bringing Syria into the U.S.-led camp is a peace agreement with Israel, and the Israeli public and leaders appear to be in no mood to give up the Golan Heights. The "land for peace" paradigm of the Oslo accords has long fallen into disrepute in Israel, where skeptics point out that Israel withdrew from Lebanon in 2000 and from Gaza in 2005 only to face rocket fire from Hamas and Hizballah. After the failure of major Israeli military operations - the 2006 war in Lebanon and this year's Gaza...