RUSSIA MONITOR MONTHLY 05/2021

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The Rusty Privacy Shield

The Rusty Privacy Shield

On July 16, the Court of Justice of the European Union (CJEU) invalidated the European Commission’s (EC) decision on the adequacy of protection provided by the EU-US Privacy Shield.

Chinese-Saudi nuclear cooperation

Chinese-Saudi nuclear cooperation

According to a Wall Street Journal report, Chinese companies assisted Riyadh in the construction of an extraction facility for uranium yellowcake, which in a highly enriched state can be used to develop nuclear weapons.

The United States increases support for Taiwan

The United States increases support for Taiwan

The growing tensions between the US and China during the pandemic period, prompted the administration of Donald Trump to increase political and military support for the Taiwanese authorities. Two major arms contracts, which are expected to increase the defensive capabilities of the island, were signed in July and August.

Pompeo’s visit to Europe according to the Chinese media

Pompeo’s visit to Europe according to the Chinese media

As it could be expected, the visit of the US Secretary of State – Mike Pompeo to the Czech Republic, Slovenia, Austria and Poland met with criticism from the Chinese media. They tried to present these visits as a diplomatic failure of the USA and as an unfounded attack on Beijing.

Lukoil Reduces Hydrocarbon Output

Lukoil Reduces Hydrocarbon Output

In the first six months of 2020, Lukoil, a Russian top energy producer, said its crude oil figures fell by 3.2 percent and recorded the fall of 14.7 percent in natural gas production. The cut was due to the new OPEC+ agreement and a decrease in gas supply from Uzbekistan to China –– both driven by a negative impact of the Covid-19 pandemic on hydrocarbon demand.

The Silk Railway Route is slowly gaining momentum

The Silk Railway Route is slowly gaining momentum

Since May 2020, rail traffic on the Silk Railway Route between China and Europe has reached record levels. In May, the number of freight trains was equal to 1033 whilst in June it increased to 1169. In July, 1232 trains left from Chinese cities – the highest number ever. Compared to 2019, traffic increased by 41% in the first seven months, with 68% growth in July alone.

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