In a landmark ceremony in Cambodia, Prime Minister Samdech Techo Hun Sen and the Chinese Ambassador to Cambodia Xiong Bo were present to observe closure of the water gates of the 400-megawatt Lower Sesan II Hydropower Plant, Cambodia’s largest hydro-electric dam, which will commence operations in November and which began construction in 2013.
In further growing signs that both China and Russia are accelerating moves to de-dollarise we note that Vladimir Putin has instructed his government to approve legislation which will make the Ruble the principal currency of exchange at all Russian seaports, potentially within a matter of months.
Russia is continuing to strive to develop its agriculture sector despite the ongoing western sanctions and has ambituous plans to stimulate growth.
As Greece battles with yet another debt crisis and as the geopolitical landscape changes out of all recognition, the spectre of a Grexit looms once again.
When sanctions were imposed on Russia, many thought it would lead to economic implosion. So how has the Russian economy weathered this storm?