Ethiopia reads mischief in Egypt plan for Somaliland military base

Ethiopia on Monday warned Egypt against establishing any military base that would pose a security threat to the East African region.
Thursday, July 30, 2020

China Throws Iran a $400 Billion Lifeline

The most valuable piece of the Belt and Road Initiative might soon fall into place

- Advertisement -

China and Iran are moving quickly toward a comprehensive strategic partnership that could see up to $400 billion in Chinese investments flow into the beleaguered Middle Eastern country over the next three decades, according to a leaked document.

The agreement, which the New York Times obtained and reported on Saturday, would feature extensive investment by Beijing into Iranian telecommunications and internet infrastructure as well as strategic assets like railroads, subways, ports, and airports.

In return, China would get what it usually demands from its trade partners: raw resources, in the form of a steady and heavily discounted supply of Iranian oil. The partnership would also be a prime opportunity for Beijing to push the digital yuan or a digital yuan-compatible currency framework, weakening the U.S. dollar’s sanction power. 

Perhaps most importantly, adding Iran to China’s economic network would be an enormous boon to the Belt and Road Initiative. Iran has, since antiquity, served as the primary land route connected Eastern Europe and Asia, where the bulk of Chinese investment has occurred.

- Advertisement -

The two countries also intend to move toward closer military ties, with the agreement referencing joint exercises, research and development, and intelligence sharing, ostensibly to fight terrorism.

The possibility of a deal was first hinted at in 2016 by President Xi during a state visit to Iran when he upgraded China’s official relationship with the country to a “Comprehensive Strategic Partnership,” the second-highest level of bilateral relations recognized by Beijing (the Communist Party claims to have a no-alliance policy).

Discussions have since seemingly proceeded in secret as Donald Trump entered the White House and reimposed sanctions upon the now increasingly desperate Islamist regime in Tehran.

It ought to be noted, however, that China was buying enormous quantities of Iranian oil even while the agreement was in its early draft stage.

Multiple reports had emerged in mid-2019 of “ghost ships,” Chinese oil tankers that were mysteriously vanishing off the grid while entering the Persian Gulf, only to reappear a week or so later in the same location, filled to the brim with oil. No doubt many in Washington were privy to this phenomenon, yet little was done or even said aloud about the situation.

Of course, nothing is confirmed until the two parties state their intentions. Even then, there’s no guarantee that the partnership would actually come into fruition. Four hundred billion dollars is far more than China has spent on any other Belt and Road partner, and might ultimately represent more of a wishlist than an actionable policy agenda.

Moreover, Beijing’s increasingly sour international reputation has led to backlash from Iranians, including rumors that China intends to trap Iran with debt, and even that the Iranian government has agreed to sell one of its islands to the Chinese.

These accusations are also unconfirmed at the moment, but the people making them can hardly be blamed for being suspicious.

- Advertisement -
SourceSpectator
- Advertisement -

Stay Connected

144,303FansLike
1,872FollowersFollow
786FollowersFollow
18FollowersFollow
5,552FollowersFollow
2,902SubscribersSubscribe

SOMALI NEWS

Somali Journalist jailed for Facebook posts on Covid-19

A court in Somalia has sentenced journalist Abdiaziz Ahmed Gurbiye to six months in prison over Facebook posts that were critical of...
- Advertisement -

Somalia’s international partners say any attempt by a single stakeholder to unilaterally impose electoral modalities will lack legitimacy

Somalia’s international partners* express their concern and their strong hope that recent political developments, including in the Federal Parliament, will not undermine...

Internet restored temporarily in South-Central Somalia, as Government asks operators to be more vigilant

 Internet service has temporarily been restored to South and Central Somalia after Eastern Africa Submarine Cable System (EASSy) remotely switched on the...

Somalia Sees Internet Blackout after Prime Minister Ousted

An internet blackout across large parts of southern and central Somalia ended Monday after what critics called an attempt by the government...

EU Says Somalia Parliament Actions ‘Entail Serious Disrespect for the Constitution’

The removal of Prime Minister Hassan Khaire was a violation of the constitution and eroded the EU’s confidence in Somalia, the 27-member...

MORE NEWS

Somali Journalist jailed for Facebook posts on Covid-19

A court in Somalia has sentenced journalist Abdiaziz Ahmed Gurbiye to six months in prison over Facebook posts that were critical of...

Ethiopia reads mischief in Egypt plan for Somaliland military base

Ethiopia on Monday warned Egypt against establishing any military base that would pose a security threat to the East African region.

Somalia’s international partners say any attempt by a single stakeholder to unilaterally impose electoral modalities will lack legitimacy

Somalia’s international partners* express their concern and their strong hope that recent political developments, including in the Federal Parliament, will not undermine...

Internet restored temporarily in South-Central Somalia, as Government asks operators to be more vigilant

 Internet service has temporarily been restored to South and Central Somalia after Eastern Africa Submarine Cable System (EASSy) remotely switched on the...

The State Department spent $1.5 billion on Somali democracy and built a dictatorship

On July 25, Somalia’s appointed Parliament voted to oust Hassan Ali Khaire, the country’s prime minister. The move, which allows Somalia’s President Mohamed Abdullahi...

Somalia Sees Internet Blackout after Prime Minister Ousted

An internet blackout across large parts of southern and central Somalia ended Monday after what critics called an attempt by the government...

EU Says Somalia Parliament Actions ‘Entail Serious Disrespect for the Constitution’

The removal of Prime Minister Hassan Khaire was a violation of the constitution and eroded the EU’s confidence in Somalia, the 27-member...

US warns Somali spoilers who seek to undermine Somalia’s stability

The U.S. Embassy regrets the actions of the President and Lower House of Parliament to withdraw confidence in Prime Minister Ali Hassan...

VIDEO: Somali prime minister axed in no-confidence vote

Somalia's parliament removes Prime Minister Hassan Ali Khaire from his post in a vote of no confidence for failing to pave the...

Somali parliament ousts prime minister in a disputed no-confidence vote

Somalia’s parliament ousted Prime Minister Hassan Ali Khaire in a no-confidence vote on Saturday, the speaker of the house said, due to...

FEATURED POSTS

Jeff Bezos, the world’s richest man, added £10bn to his fortune in just one day

The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday, according...

Somali barber in Turkey hopeful despite coronavirus setback

Amid fears over the coronavirus pandemic, people around the world have adjusted to the new normal and began taking preventive measures,...

Ayaan Hirsi Ali blasts Ilhan Omar over call to remake US

Somalia-born human rights activist Ayaan Hirsi Ali criticized Rep. Ilhan Omar, D-Minn., Friday over recent comments in which the lawmaker called for "dismantling...

Ethiopian Naval Ambitions: One of Ethopia’s long-term geopolitical objectives

Ethiopia is gradually and steadily opening up doors and minds to international relations. Testament to this was when French President Macron sealed...