Word: russia
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...demand, one has even proposed a scheme of exchanging deposits for homes that have been repossessed. "I have to come here every day to stand in line in the cold, with no food or toilet," Vesna says. "But what else can I do?" (See pictures of Ukraine's neighbors, Russia...
...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...
...Beijing can bring itself to depend on Moscow as a supplier. That isn't as easy as proximity might suggest. The two countries have never trusted each other. But economics now dictates that historical enmity be put aside. With the collapse of oil prices and the credit crisis, Russia needs cash. China needs fossil fuels; it needs them from a variety of suppliers far into the future - and it has the money to pay for them. Half of the country's massive national savings of $2 trillion is in corporate coffers. "These [Chinese] companies know this slump, while deep, will...
There are also questions over how all-encompassing the ICC's role really is. It was set up in 2002 after just 66 countries out of 195 ratified its founding statute - and Russia, China and the U.S. have still not done so. Its ad hoc predecessors may have prosecuted leaders from around the globe, but so far the ICC has only indicted Africans: in the Central African Republic, the Democratic Republic of Congo, Sudan and Uganda. "That," says African Union chairman, Jean Ping, "is a problem...
...asked for Moscow's help in dealing with Tehran, although the White House denied offering to curtail U.S. plans for a missile-defense shield in Eastern Europe as a quid pro quo. The Administration has also asked Syria and China to pressure Iran, but the diplomatic focus remains on Russia, which is helping Iran complete its first nuclear reactor in the southern port city of Bushehr, scheduled to go on line this summer. Iran claims its nuclear program is solely for peaceful electricity generation...