Daily Memo: Going After Chinese Companies, Updates on Nagorno-Karabakh

Washington’s latest executive order has Beijing worried.

The U.S. goes after Chinese finance. On Wednesday, U.S. President Donald Trump issued an executive order banning investment in more than 30 Chinese companies with ties to the Chinese military. Many of the companies – telecoms, some petrochemical, and the like – have units listed on the U.S. stock exchange. Observing Nagorno-Karabakh. The defense ministers of Russia and Turkey have agreed to establish a joint observatory to monitor the cease-fire in Nagorno-Karabakh. It will be located in Azerbaijan. Cooperation in the Eastern Med. Israel, Greece and Cyprus have announced measures to enhance military cooperation in the Eastern Mediterranean. The countries’ defense ministers agreed to bolster large-scale industry cooperation, joint training programs, intelligence sharing and cybersecurity, with the goal of eventually expanding partnership to the U.S. and other regional allies. Mixed results for Rosneft. Russian energy giant Rosneft reported a nearly 39 percent increase in revenue from the second quarter of 2020 to the third – the result of higher oil prices and heightened domestic demand for petroleum products. Even so, the company posted a 34 percent decrease in year-over-year revenue in the first three quarters of 2020. Mixed results for Myanmar. Myanmar’s electoral commission confirmed that the ruling National League […]

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