China’s new era of diplomacy: engaging in Syria

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iconOEF REVIEW:Though Syria itself is mostly irrelevant as a trading partner for China, the region’s stability is nevertheless one of Beijing’s core concerns, not only because Iraq is among its main oil suppliers. Beijing’s $900 billion Silk Road initiative aims to connect Asia, the Middle East, Africa and Europe through a wide-ranging infrastructure network. But ongoing fighting and terror attacks are putting this mega-project at risk.

Is a Russia-Saudi ​deal on the ​horizon?

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iconOEF REVIEW:Russian president Vladimir Putin met with Saudi Defense Minister in Sochi on October 11th, while Russian Foreign Minister Sergei Lavrov was holding a meeting with his Saudi counterpart. The parties discussed Syria and agreed upon the necessity to prevent the creation of a terrorist caliphate. The levers of a hypothetical Russian-Saudi deal would be: a rise in oil prices, possibly accompanied by Saudi arms purchases, and on the Russian side, the guarantee that Assad will leave after a transition period, along with some kind of a Saudi “right of scrutiny” on Russian arms sales to Iran.