IPSE'S AUTHORS LAST 24h
Check all the Authors in the last 24h
IPSEs IN THE LAST 24H
  • Charles Kupchan
    Charles Kupchan “Whoever forms the next government in Kosovo must ensure that relations with Washington remain strong and intact. Kosovo cannot afford to be at odds with its allies. I would say, if you want a good relationship with the United States, make deals, get into the bazaar, be ready to negotiate. And I think that actions that are seen as causing difficulty will not go over well in Washington. Actions that are seen [as] advancing the dialogue between Kosovo and Serbia will be greeted warmly in Washington.” 2 hours ago
  • Michael MacCambridge
    Michael MacCambridge “Historically, it's been a time to talk about unity and togetherness and just celebrate this magnificent holiday in our national civic religion. It's complicated to have Donald Trump celebrating football, especially because of his somewhat troubled relationship with the N.F.L. and its players.” 3 hours ago
  • Gareth Rhodes
    Gareth Rhodes “This is similar to sports betting or gambling. The retail customer putting in their funds is doing so at risk of losing most if not all of it with the hope of an outsize payoff.” 3 hours ago
  • Harrison Fields
    Harrison Fields “Every action taken by the Trump-Vance administration is fully legal and compliant with federal law. Any legal challenge against it is nothing more than an attempt to undermine the will of the American people.” 3 hours ago
  • Mike Davis
    Mike Davis “President Trump is not stealing other branches' powers. He is exercising his Article II powers under the Constitution. And judges who say he can't? They're legally wrong. The Supreme Court is going to side with Trump.” 3 hours ago
  • Judith Resnik
    Judith Resnik “The administration seems to have wanted challenges that consume a ton of resources - of opponents, courts and public attention - even as members of the administration know the provisions do not square with the law that exists.” 3 hours ago
  • Dan Rayfield
    Dan Rayfield “No president should be able to rewrite 120-plus years of interpretation of the Constitution with a stroke of a pen. That is the existential threat.” 3 hours ago
  • Jasem Mohamed Albudaiwi
    Jasem Mohamed Albudaiwi “These dangerous and irresponsible statements confirm the approach of the Israeli occupation forces in their disrespect for international and UN laws and treaties and the sovereignty of states.” 3 hours ago
View All IPSEs inserted in the Last 24h

Economy

Page with all the IPSEs stored in the archive with Category Economy.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“This is similar to sports betting or gambling. The retail customer putting in their funds is doing so at risk of losing most if not all of it with the hope of an outsize payoff.”

author
Former deputy superintendent at the New York State Department of Financial Services
Read More

“This is a toe in the water, but not because Trump necessarily wants to tread carefully. This is a way to send a message and put everyone involved in moving Iranian oil on notice. One of his objectives now is to bankrupt Iran. Since [Trump] was last president, the sanctions community at large - public and private - have learned a lot about how to target a country's oil revenue and go after the broader infrastructure, largely from the experience with Russia's own shadow fleet. Curbing Iranian oil could be part of a broader conversation between Trump and Chinese President Xi Jinping and that the recent sanctions provide a way to ramp up pressure on Tehran without fueling additional tensions with Beijing. China is the big problem to solve if you want to squeeze Iranian oil, but does Trump want a sanctions war with Xi?”

author
Director of the Center for Finance and Security at the Royal United Services Institute (RUSI) in London
Read More

“These sanctions, and what is sure to follow, will almost certainly have an impact. The question really is how big that impact might be. And that will ultimately depend on how seriously the Trump administration chooses to go after the Iranian oil trade.”

author
Middle East energy expert at the U.K.-based Argus Media
Read More

“I need, if I'm confirmed, to go to these countries and explain to them that if they want to enjoy continued market access to the United States, we need to have better reciprocity.”

author
Trump's U.S. trade representative nominee
Read More

“We are open to the fact [Donald Trump wanting more access to the Ukraine's valuable rare earth minerals], that all of this can be developed together, along with our partners who can help us protect our lands. This is absolutely fair. I talked about this in September when we met with President Trump.”

author
President of Ukraine
Read More

“Placing additional tariffs on Chinese goods will not help the US to address its own issues, including the fentanyl crisis. Such issues can only be addressed through dialogue and cooperation. Such unchecked actions will only cause catastrophe to global economic growth and trade.”

author
Vice chairman of the China Society for World Trade Organization Studies in Beijing
Read More

“The heightened export controls on rare metals could potentially impact the US high-tech and defense industries, which are highly reliant on imports. It highlights the resourcefulness of the Chinese government's toolkit in responding the US' unilateral move.”

author
Independent analyst who closely follows the critical minerals industry
Read More

“China's swift response to the US tariff hikes underlines the Chinese government's determination to safeguard its legitimate rights and interests. There are no winners in any trade war. Tariffs placed on some of the US' comparatively competitive exports to China such as energy and certain categories of machinery will affect the performance of US companies, as the tariffs will affect their market share in China. However, China's countermeasures are meant to serve as a reminder to US policymakers and hopefully help them better reflect on the negative impacts of the tariffs they imposed.”

author
Senior research fellow at the Chinese Academy of International Trade and Economic Cooperation
Read More

“It is a response with equal magnitude but in a different way than in 2018 [US - China tariff war during Trump's first term]. This time, it is a mix of tariffs on targeted products, export control and restrictions on market access. It means China is using its role as one of the world's largest markets and producers to bargain with the US.”

author
Senior economist with the investment bank Natixis in Hong Kong
Read More

“Much will depend on the US and how Trump views China's decision to threaten retaliatory tariffs. If Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict.”

author
Professor at City University of Hong Kong who specialises in international economic law
Read More

“As Trump's call with Xi looms, it appears the Chinese president is giving diplomacy a chance to work as it did in the cases of Canada and Mexico. Delaying the tariff implementation until February 10 will allow for top level leadership to meet before then, which still creates an opportunity for both sides to step back from the brink and de-escalate the situation.”

author
Chief economist for China at the Dutch financial firm ING
Read More

“The European Union is strong. We have every opportunity to make sure we can look after our own interests. And that is also a message to the United States, which at the same time is connected to us through an outstretched hand.”

author
Chancellor of Germany
Read More

“The global economy is increasingly becoming one that is characterized by ever deepening trade relationships excluding the United States. The trend is not necessarily anyone's preference, but the arrangements offer a second best option given America's rejection of a more open economic order. The proliferation of trading blocs, like the one between the European Union and South American nations, also helped countries avoid an overreliance on China.”

author
Senior fellow in Brussels at the Peterson Institute for International Economics
Read More

“It will definitely happen with the European Union, I can't tell you that. Because they have really taken advantage of us. You know, we have over a $300bn deficit. I wouldn't say there is a timeline. But it's going to be pretty soon.”

author
President of the United States
Read More

“The tariff war is not good for anyone. ... We have ideas and strategies to protect our companies with Italy being the best ambassador for the EU in the dialogue with Washington.”

author
Italian Foreign Minister
Read More

“It doesn't make much economic sense. Historically, most of our tariffs on raw materials have been low because we want to get cheaper materials so our manufacturers will be competitive ... Now, what's he talking about? He's talking about tariffs on raw materials. I don't get the economics of it.”

author
Senior adviser at the Center for Strategic and International Studies and a former U.S. trade official
Read More

“We continue to believe that vehicles and parts that meet the USMCA's stringent domestic and regional content requirements should be exempt from the tariff increase. Our American automakers, who invested billions in the US to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce.”

author
President of the American Automotive Policy Council
Read More

“Canada now has no choice but to hit back and hit back hard. As premier of Ontario, the federal government has my full support for a strong and forceful response that matches US tariffs dollar for dollar. Canada has so much of what America needs: high-grade nickel and other critical minerals, energy and electricity, uranium, potash, aluminium. We need to maximise our points of leverage and use them to maximum effect. The federal government needs to also pursue every legal route to challenge these unfair, unjustified and illegal tariffs.”

author
Premier of Ontario
Read More

“Trump's tariffs are a complete betrayal of the historic bond between our countries and a declaration of economic war against a trusted ally. As British Columbians, and as Canadians, we will stand strong and united in the face of this unprecedented attack.”

author
British Columbia Premier
Read More

“An attack of this magnitude, Canadians will demand that their government respond. I hope Americans understand right now that in Canada there's a lot of anger. We are supposed to be the United States's closest ally, and folks are trying to wrap their heads around why this is happening.”

author
President of Unifor, representing Canadian autoworkers
Read More

“It is one of the heaviest attacks Mexico has received in its independent history. It is not admissible, it cannot be accepted, a unilateral decision of such magnitude … We are all going to lose, they will too.”

author
Mexican politician affiliated with the National Regeneration Movement (Morena)
Read More

“Consumers are going to be clearly worse off. When you talk about a tariff, it's an economic war; and in war, everybody loses. But hopefully we will come to some better results and conclusions as a result of the pain and suffering that we will go through.”

author
Professor of finance and economics at Loyola Marymount University and chief economist at SS Economics
Read More

“The tariffs on imports from Canada, Mexico, and China send a powerful message that the United States will no longer stand by as other nations fail to halt the flow of illegal drugs and immigrants into our country. These measures will also bring in billions in new revenue to the U.S. government.”

author
Congressman Republican-Missouri
Read More

“Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities. They will raise costs for you, including food at the grocery store and gas at the pump.”

author
Prime Minister of Canada
Read More

“In order to compete with other producers on the global market in light of the tariffs, Canadian farmers may have to sell their crops for less. That's because American buyers will be able to get the same crops from other farmers who do not have to pay the tariff, so Canadian producers will have to lower their prices to account for it. We're going to be getting less for our commodities and paying more for the stuff that we need. Our hope is that as the consumers in the United States realize that their prices are going to go up because of the tariffs making things more expensive for them, that they will put pressure on their government to rescind that.”

author
President of the Agricultural Producers Association of Saskatchewan (Canada)
Read More

“Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China. This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl. We need to protect Americans, and it is my duty as President to ensure the safety of all. I made a promise on my Campaign to stop the flood of illegal aliens and drugs from pouring across our Borders, and Americans overwhelmingly voted in favor of it.”

author
President of the United States
Read More

“If the tariff order takes effect, it will negatively impact all three countries - China, Mexico, and Canada - key US trading partners. Chinese investments in Mexico and Canada will also be affected. It's a lose-lose scenario for all four sides. The US will also bear the cost, as higher tariffs fuel inflation, raise living expenses, and make it harder for the government to maintain control the situation.”

author
Specialist on US affairs at the Chinese Academy of Social Sciences
Read More

“This is an escalation of US protectionism with no clear economic justification, driving up costs for consumers and businesses while disrupting global supply chains. The US has not specified product categories for the new tariffs, as they may apply broadly rather than targeting specific goods. If the tariffs are put in place, this wide-ranging move will reshape trade and supply chains across all four countries, impacting businesses at large.”

author
Senior research fellow at the Chinese Academy of International Trade and Economic Cooperation
Read More

“There should be a 100 per cent tariff on all U.S. wine, beer and spirits, and on all Teslas. We need to be very targeted, very surgical, very precise. We need to look through and say who is supporting Trump and how can we make them pay a price for a tariff attack on Canada. Canada needs to deliver the message to Trump's closest supporters that if you hit Canada, it will hit back - and it will hurt. One of the characteristics of the Trump administration is they like to traffic in uncertainty. There are lots of reports about there being internal debates in the U.S. (administration), so let's use that to our advantage. And let's put some cards on the table and be very clear that if they hit us, we will hit them back.”

author
Former Canada Finance Minister and Liberal leadership candidate
Read More

“You have engines and car seats and other things that cross the border multiple times before going into a finished vehicle. You have American parts going to Mexico to be put into vehicles that are then shipped back to the United States. You throw 25% tariffs into all that, and it's just a grenade. For many U.S. refineries, there's not much choice. Canada produces the type of crude oil that American refineries are geared to process. It's a heavier crude. All the fracking and all the oil and gas we make here in the United States - or most of it - is a lighter crude that a lot of American refineries don't process, particularly in the Midwest.”

author
Vice President, General Economics and Stiefel Trade Policy Center, Cato Institute
Read More

“We don't know if [Trump's tariffs are] going to be on all goods, but we do know that Mexico and Canada have said they are going to respond. If Canada decides to put tariffs on the oil it exports into the US, you could see gas prices really skyrocket. Trump likes to say that other countries pay for the tariffs, that they pay the US government. That's not the case. The people who import the products have to pay the US government, so they raise prices on consumers. Canada has talked about targeting states that supported Trump [in the 2024 election]: oranges in Florida, washing machines in Michigan, dairy products in Wisconsin. So it could really impact the very people who voted for Trump, … but more broadly, you are going to see massive price increases when they retaliate all across the United States.”

author
Al Jazeera’s journalist reporting from Washington, DC
Read More

“Mexico's ability to soften the blow from tariffs is also limited because of budgetary challenges. If tariffs are imposed, the country's currency, the peso, could weaken and make Mexico even more appealing to U.S. tourists, who represent the country's largest international visitor group. But that's unlikely to offset the hit to other sectors.”

author
Emerging markets economist at Capital Economics in London
Read More

“Tariffs of 25 percent would be ruinous for Mexico. In effect, it would initiate a process of deindustrialization of Mexico. Such tariffs could reduce Mexico's economic output growth by about 2 percentage points, potentially resulting in large-scale factory closures and job losses.”

author
Executive vice president and director of studies at the Peterson Institute for International Economics
Read More

“Gasoline prices in the Midwest could climb 15 to 20 cents a gallon, with more muted effects in other parts of the country. It's going to be very, very messy if Mr. Trump moves ahead with tariffs. We haven't dealt with something like this, certainly not in the modern era.”

author
Global head of energy analysis at Oil Price Information Service
Read More

“For many companies, though, moving a major chunk of production to the United States is unrealistic. Costs are too high. American workers are not willing to accept the low wages that initially drove companies to move to countries like Mexico. Mazda and Toyota have already struggled to ramp up production at their joint U.S. factory because of a lack of workers. These days big corporations may do their best to stay under the radar and wait out Trump's term. Opening a major production facility takes billions of dollars and a lot of time. Businesses recognize that global commerce is increasingly being organized around trade routes that reflect the growing rivalry between the United States and China - like the regional one that involves Mexico and Canada. That is a structural trend that will outlast Trump.”

author
Senior policy fellow at the European Council for Foreign Relations
Read More

“It's ironic, because there was such a response to the first tariffs to restructure supply chains, and now you're basically punishing the countries that benefited from that adjustment.”

author
Asian Development Bank Chief Economist
Read More

“We still don't know the details and nothing has been 100 per cent confirmed in regards to the claims, but if there truly has been a breakthrough in the cost to train models from $100 million+ to this alleged $6 million number, this is actually very positive for productivity and AI end users as cost is obviously much lower, meaning lower cost of access.”

author
Senior portfolio manager at Pictet Asset Management
Read More

“Whether DeepSeek's developments have the potential to really disrupt the industry is something investors will be paying close attention to. If it is something that can, then we have a situation where all these AI stocks and the market as a whole will be re-priced.”

author
CEO of 50 Park Investments
Read More

“It remains to be seen if DeepSeek found a way to work around these chip restrictions rules and what chips they ultimately used as there will be many skeptics around this issue given the information is coming from China.”

author
Analyst with Wedbush Securities
Read More

“This number represents investments, procurement, public and private sector, and it's just a mirror reflection of the strong relationship. What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number.”

author
Minister of Economy and Planning of Saudi Arabia
Read More

“They [EU] took court cases with Apple, and they supposedly won a case that most people didn't think was much of a case. They won billions from Google. I think they're after Facebook for billions and billions. These are American companies. They shouldn't be doing that. As far as I'm concerned, it's a form of taxation.  From the standpoint of America, the EU treats us very, very unfairly. Very badly. They essentially don't take our farm products, and they don't take our cars. Yet they send cars to us by the millions. They put tariffs on things that we want to do.”

author
President of the United States
Read More

“My message to  every business in the world is very simple: Come make your product in America, and we will give you among the lowest taxes of any nation on earth. But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff. Differing amounts, but a tariff. They say that there's light shining all over the world since the election. And even countries that we aren't particularly friendly with are happy because they understand there is a future, how great the future will be. Under our leadership, America is back and open for business.”

author
President of the United States
Read More

“I don't think that Trump would be able to get the Saudis or other OPEC members to boost output to pressure the Kremlin on Ukraine. It is most unlikely that Saudi Arabia, the UAE or the other OPEC producers will either want to engage in such a political move against fellow OPEC+ member Russia or to take any action which would result in them losing export earnings and giving a bigger market share to U.S. producers. OPEC producers are still angry at the total disregard from Washington when the shale revolution boosted U.S. crude production and exports, taking market share from them.”

author
Oil industry expert and founder of Macro-Advisory consulting firm
Read More

“I'm going to ask Saudi Arabia and OPEC to bring down the cost of oil, which, frankly, I'm surprised they didn't do before the election. That didn't show a lot of love by them not doing it. I was a little surprised by that. If the price came down, the Russia-Ukraine war would end immediately. Right now, the price is high enough that that war will continue. You got to bring down the oil price. You could end that war.”

author
President of the United States
Read More

“A lot is at stake for both sides. Our first priority will be to engage early, discuss common interests, and be ready to negotiate. We will be pragmatic, but we will always stand by our principles. To protect our interests and uphold our values - that is the European way.”

author
President of the European Commission
Read More

“Trump is a skilled negotiator and he will do what he can to keep his negotiating partners a little off balance. But Canada is a good negotiator, too and it's willing to inflict economic pain on the U.S. to get Trump to back down. While Canada's priority is to avoid the tariffs altogether and foster a very positive relationship with the U.S., the country won't roll over in the face of Trump's threats. Despite Trump's rhetoric that he doesn't need anything from Canada, if Trump really wants to usher in a golden age of America with a booming economy, he's going to need Canadian natural resources like oil, lumber, steel, aluminum and critical minerals to make that happen. That gives Canada some leverage. Everything is on the table and I support the principle of dollar-for-dollar matching tariffs. It's something we're absolutely going to be looking at if they move forward. We are prepared for every possible scenario.”

author
Prime Minister of Canada
Read More

“Instead of taxing our citizens to enrich other countries we will tariff and tax foreign countries to enrich our citizens. For this purpose we are establishing the External Revenue Service to collect all tariffs, duties and revenues, it will be massive amounts of money pouring into our Treasury, coming from foreign sources.”

author
President of the United States
Read More

“Moscow now faces a dilemma: the longer it puts off a ceasefire, the greater the risk that credit events - such as corporate and bank bailouts - uncontrollably arise and weaken Moscow's negotiating leverage.”

author
Harvard University economist
Read More

“Inflation is out of control and we think the bias will remain towards further monetary tightening [further rate increases] in the coming months.”

author
Senior emerging markets economist
Read More

“Today's actions frustrate the Kremlin's ability to circumvent our sanctions and get access to the goods they need to build weapons for their war of choice in Ukraine. Today's expansion of mandatory secondary sanctions will reduce Russia's access to revenue and goods.”

author
United States Deputy Secretary of the Treasury
Read More

“This is serious. It's unprecedented. I'm going to be blunt: they need to get their act together. Simple as that. It shouldn't be up to the premiers to be calling for a followup, in-person meeting. This should have happened a while ago, and we need to work as Team Canada. We can't have a divided Canada, we have to make sure we all stick together, and we're all singing off the same song sheet.”

author
Premier of Ontario
Read More

“On average, European countries easily spend up to a quarter of their national income on pensions, health and social security systems, and we need only a small fraction of that money to make defense much stronger. The final NATO spending target might be around 3.6 or 3.7 percent of GDP unless they do a better job of joint buying of weapons and equipment, as well as innovation. Even if that happens, defense budgets will be impressively more than the 2 percent. We are safe now, but not in four or five years. If spending doesn't go up Europeans should get out their Russian language courses or go to New Zealand. I'm deeply concerned about the security situation in Europe. We are not at war, but we are not at peace either ... That means we need to invest more in defense and produce more capabilities. This cannot wait. We need to boost the resilience of our societies and critical infrastructure.”

author
Secretary General of NATO
Read More

“The US wants no rivals in any field, starting with energy, where they unabashedly approve terrorist activities aimed at destroying the foundation of EU energy security, and where they stir up their Ukrainian clients to now target the TurkStream following the Nord Stream pipelines.”

author
Russian Foreign Minister
Read More

“Of course, such decisions cannot but lead to a certain destabilization of international energy markets, oil markets. The routes for the export of Russian energy cannot be cut off by the sanctions. If something is blocked in one place, alternative options appear in another. Therefore, a search will be conducted for such work options that will minimize the consequences of sanctions. It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways. Of course, we expect that we will be able to counteract this.”

author
Kremlin spokesman
Read More

“Moscow's funding challenges only increase from here, especially if coalition countries enforce more fully the powerful energy sanction tools at their disposal. Through continued resolve and a clear understanding of Moscow's vulnerabilities, Ukraine and its allies can realise the full potential of their negotiating leverage, avoid making unnecessary concessions, and reduce the longer-term risks posed by Russian revanchism.”

author
Former investment banker at Bank of America and Morgan Stanley
Read More

“The 51st state, that's not going to happen. But people are talking about that, as opposed to talking about what impact 25% tariffs (has) on steel and aluminum coming into the United States. No American wants to pay 25% more for electricity or oil and gas coming in from Canada. That's something I think people need to pay a little more attention to.”

author
Prime Minister of Canada
Read More

“We will be looking at how to ease sanctions. But this must follow tangible progress in a political transition that reflects Syria in all its diversity.”

author
EU High Representative for Foreign Affairs and Security Policy
Read More

“Sanctions against Assad's henchmen who committed serious crimes during the civil war must remain in place. Germany would provide another €50m for food, emergency shelter and medical care. Syrians now need a quick dividend from the transition of power.”

author
Foreign Minister of Germany
Read More

“The end of Bashar al-Assad's brutal and repressive rule, backed by Russia and Iran, provides a unique opportunity for Syria and its people to rebuild. During this period of transition, Treasury will continue to support humanitarian assistance and responsible governance in Syria.”

author
United States Deputy Secretary of the Treasury
Read More

“We conveyed to Doha our concerns about the challenges related to the economic sanctions imposed on the Syrian people, and we renew our call on the United States to lift those sanctions.”

author
Syria’s new Foreign Minister
Read More

“These people lived on subsidized gas from Russia. Now it looks as if Russia has abandoned them. Gazprom had ignored suggestions from Moldova that it could, using an alternate export route under the Black Sea, still get gas to Transnistria - if the Kremlin wanted. I don't know what is going on in the head of Putin.”

author
Moldova’s secretary of state for energy
Read More

“The Kremlin clearly has its eye on the parliamentary elections. Sandu's ruling party is not as well placed for this as they were for the presidential elections and the EU referendum, so it's enough for Russia to add a bit of pressure and they can actually push them to an area where they're going to lose the election. Moldova can buy gas in advance and have it delivered from the European market, but at much higher prices than it paid Gazprom. So, I'm guessing the Russian strategy is make them spend all their budget [on energy] instead of spending it on anything related to economic development in general, spend it to get through the winter. And then as the elections approach, they're going to have even higher inflation, even higher prices than they do already, which is pretty high. Without sufficient aid from the West, that's absolutely a strategy that can work.”

author
Director of the GlobalFocus Center, a Bucharest-based think tank
Read More

“The Russians are clearly in the game not just to pressure Ukraine, and Europe, and Moldova. But they've hung Transdniester out to dry, and this is really surprising everyone. What the Russians have done to their 30-year proxy on the left bank of the Dniester River, it's remarkable. People are going to remember this. It's freezing there.”

author
Former U.S. ambassador who has spent years working in Moldova
Read More

“I find it extraordinary that given the gravity of the crisis, where schools and kindergartens are shut and people freeze in their homes, the authorities in Tiraspol refuse to accept Moldova's help. Instead of working with Moldovan authorities to find the best solution to protect the population at this very difficult time, they prefer to wait for Russian help, which may or may not come. Moldovan companies have clearly proven there are solutions to solve the issue, with the cost to bring the gas calculated by Moldovans at anything between €20 million to €45 million for this cold season.”

author
Nonresident senior fellow at the Washington-based Center for European Policy Analysis
Read More

“If you look at the history of President Trump, he negotiates very aggressively and he likes to win, but in the end, he doesn't appear to have a problem if his counterparty also wins. And so I think that we can get a great deal that will make both countries safer, richer, and stronger. But Trump should also be aware that Canada currently sells its oil and gas to the U.S. at enormous discounts. Yes, it is a ripoff - Canada is ripping itself off.”

author
Leader of the Conservative Party of Canada
Read More

“The impact on the EU as a whole would be marginal. I would even dare to say that one risk - that the traders were constantly dealing with and that was being constantly manipulated and driving the price up - has finally disappeared. So soon it will become very apparent that Slovakia is well-supplied and no problems are occurring, and that the prices on the EU market are falling.”

author
Energy expert at Czech-based consultancy firm EGÚ
Read More

“There is of course no crisis. There's no supply problem for Slovakia or nearby countries like Austria and Czechia. There's a relatively high storage capacity compared to demand so even if there were no alternative sources, there would be no supply problem. And there are plenty of alternatives.”

author
Leading gas markets expert and executive director at commodities intelligence giant S&P Global
Read More

“Moscow was able to sell too much gas and oil at too high a price. Sanctions have been applied with one arm tied behind your back. Piecemeal sanctions and the often listless enforcement of them have also made the economic noose around Russia's neck looser than it could have been.”

author
Senior fellow at the Peterson Institute
Read More

“The idea that economic sanctions could bring a quick end to the war was always more a product of hope than a realistic assessment. A better measure of success is to ask whether sanctions hampered Moscow's ability to wage war effectively. And the answer to that is yes. Imagine a world where sanctions were not introduced. A world where Russia's foreign commerce was not severely limited and it had access to all of its frozen foreign reserves. It's very clear that sanctions did cause problems for Putin, did reduce the amount of resources in his pocket and, therefore, saved lives in Ukraine. Without them, he added, Russia might have even won the war by now.”

author
Russian economist who fled the country in 2013 and is now the dean of the London Business School
Read More

“This is the first year when we can become 100-per cent energy independent. The independence is not easy. And it costs. Our neighbours pay with human lives and daily tragedies. We - with higher invoices. Several months ago, a terrible lie was distributed, alleging that a military mobilization was prepared in Moldova. The only mobilization to which we are called is to responsibly consume the electric energy. And to preserve our unity and humanity. We cannot change the things globally, especially when they do not depend on us, but can make the difference. Each one, at his/her place. We should turn off a lamp, so that the others do not steal the light - of the future and of the eyes. And in this way, we should show that Moldova is able.”

author
Moldovan Politician - Deputy Parliament Speaker
Read More

“Ukraine has cut off more than just Russian gas transit. We have cut off some of Putin's last remaining leverage over Europe and his use of energy as a weapon. Europe and the world will be safer without Russian gas, oil, and other dependencies, as well as without Russia itself.”

author
Minister for Foreign Affairs of Ukraine
Read More

“The real impact that I see is that it's going to cost more to get alternative gas supply to the countries like Slovakia, Austria and the Czech Republic.”

author
Head of European gas pricing at Argus Media, a market research firm
Read More

“Today is January 1, 2025, and from today, and in the upcoming days, people will start asking more questions about the challenges ahead. This new administration promised to increase government salaries by 400 percent. But when they took over the central bank, the coffers were empty … it was all embezzled by the Assad regime.”

author
Al Jazeera’s journalist reporting from Damascus
Read More

“More than 25 years ago, when Putin was given power in Russia, over 130 billion cubic metres of gas were pumped annually through Ukraine to Europe. Today, the transit of Russian gas is 0. This is one of Moscow's biggest defeats. Weaponising energy and resorting to cynical energy blackmail of partners have cost Russia its most attractive and geographically accessible market.”

author
President of Ukraine
Read More

“This year, more than half of state budget expenditures were directed towards defense. Literally, every hryvnia collected within the country. More than 800 state and private companies operate in the country's defense sector. More than 1,000 types of weapons and equipment have been approved for operation, of which half of them are domestically produced. In the drone sector, domestic production accounts for over 96% of output. Through the Army of Drones project, more than 1.2 million drones have been procured.”

author
Prime Minister of Ukraine
Read More

“The U.S. has a trade deficit of a trillion dollars. If we don't change our macroeconomic policies, we're going to have a trade deficit of a trillion dollars rearranged.”

author
Senior fellow at the Peterson Institute for International Economics and a former deputy director general of the World Trade Organization
Read More

“The main effect of U.S. levies on China was to encourage companies to find a way around the bilateral tariff. It reduces bilateral trade; it doesn't impact global trade. China's role as a global exporter had not diminished, and that neither had the United States' role as an importer. It was just the countries through which trade was being routed that had shifted. Even though we have less direct bilateral trade, in a global sense, there's one surplus country, China, and there's one deficit country, the U.S. We are still interconnected indirectly.”

author
Economist and senior fellow at the Council on Foreign Relations
Read More

“The net effect of what's going on with these tariffs is that Chinese factories in China are setting up Chinese factories in other countries. Pushing those factories into other countries resulted in additional costs for companies and consumers, without increasing the amount of manufacturing in the United State There's no real gain here. It's very inflationary.”

author
Chief executive of the bike maker Kent International
Read More

“The Kremlin has no way of stabilising inflation and boosting civilian production other than cutting military spending and having the sanctions lifted. The latter would be a genuine lifeline for the Russian economy. In 2025, Russia's economy will be operating with depleted financial reserves in the National Wealth Fund and lower oil prices. Printing money remains the most accessible source of funding for the government, but it is increasingly risky in an economy overheated by inflation.”

author
CEO of Ukrainian Industry Expertise
Read More

“Russia uses the energy as political weapon, turning the people from the Transnistrian region, whom they control through the illegally deployed army, into hostages. The government condemns these oppressive tactics and reiterates that it would not recognize any alleged debt, invalidated by the international audit. Our country is prepared to manage any situation following the Kremlin's decision. We will continue ensuring the supply with natural gas from other sources and to protect the vulnerable consumers. The government will attentively analyze the legal options, including the resorting to international arbitration, in order to protect our national interests and to ask for damage compensations in the wake of the Kremlin's decisions, which cause economic losses and hit the safety and security of Moldova's citizens.”

author
Prime Minister of Moldova
Read More

“The idea to create a shadow fleet to circumvent sanctions is not new. The scheme has long been used by global pariahs like Iran and North Korea, as well as drug cartels. Russia's innovation was one of scale. Since Russia began assembling its fleet, the number of shadow vessels traversing the oceans has grown by hundreds and now makes up 17 percent of the total global oil tanker fleet. That makes it like a tumor. When it was a small share, it could be managed, but now that it's approaching 20 percent, it's much less manageable, and obviously it's growing.”

author
Senior fellow at the Atlantic Council who has researched and written about shadow fleets
Read More

“Minimizing the chaos in state affairs is the most urgent task right now. The government will put all of its efforts into maintaining robust security, a stable economy, and law and order, so that the safety of the nation and people's daily lives are not disrupted.”

author
South Korean Deputy Prime Minister and Minister of Economy and Finance
Read More

“A dreadful scenario of acting presidents one after the other should be avoided. An impeachment motion against the acting president equates to a motion against the entire Cabinet. The national economy and people's livelihood can't handle expanded political uncertainties stemming from such a scenario. In a time of global trade wars and national emergencies, the absence of a control tower for state affairs would cause severe damage to our country's credibility, economy, national security and governance continuity.”

author
South Korean Deputy Prime Minister and Minister of Economy and Finance
Read More

“We will quickly assess the situation and take steps to restore the railway connection to Damascus as a first stage. There are sections of the railway stretching from Turkey to the Hejaz region. We know that these lines have not been operational for a long time as part of a larger network. From 2009 to 2010, we sent passenger trains there and even took a journey ourselves. There's existing infrastructure in place... However, in some areas, such as Iraq, we've seen railway tracks stolen and sold as raw iron. We may face similar issues in Syria.”

author
Minister of Transport and Infrastructure of Türkiye
Read More

“Qatar's position is clear. It's necessary to lift the sanctions quickly, given that what led to these sanctions is no longer there and that what led to these sanctions were the crimes of the former regime.”

author
Spokesman for Qatar’s foreign affairs ministry
Read More

“It's a tragedy for Slovakia that Prime Minister Fico is not only steering our country eastward rhetorically but also through concrete actions. This is a betrayal of our Ukrainian neighbour fighting for survival, a betrayal of our EU and NATO allies, and a deceit against the Slovak people.”

author
Former Minister of Foreign and European Affairs of Slovakia
Read More

“Fico's trip to meet Putin is a shame for Slovakia and a betrayal of national interests. If the prime minister actually cared about gas transit, he should have negotiated with Ukraine rather than turning Slovakia into a tool of Putin's propaganda.”

author
Leader of Progressive Slovakia
Read More

“President Recep Tayyip Erdogan, who supported the rebels and funded a group allied with Mr. al-Shaara [Ahmed al-Sharaa], is looking to extend his influence there. He also has close ties to Turkey's construction industry, and he is likely to push for reconstruction contracts and provide rebuilding assistance.”

author
International relations professor at Lehigh University
Read More

“Oil previously provided around half of the country's revenues. Those fields belong to the government in Damascus and should be returned to its control. Syrians with money are key, but many of them will not return if there is no electricity or rule of law.”

author
Co-director of the Center for Middle East Studies at the University of Oklahoma
Read More
arrow