Europe's economic revenge against China and Russia/ economic competition between Saudi Arabia and the UAE

The Chamber of Commerce's new analysis of the world economy indicates the determination of the European Union to take revenge on China and Russia, and at the regional level, we are also witnessing Turkey's new efforts to improve the economic conditions of this country, the tight competition between Saudi Arabia and the UAE for development.

ISNA: In the 72nd report of the series of reports "Monitoring Global Trade Developments" published by the Iranian Chamber of Commerce, a collection of recent developments in the global and regional two layers of Iran's geo-economic environment is presented and the latest economic trends and forecasts prepared by the largest international economic institutions. , have been analyzed in the form of new data.

According to this report, it seems that at the global level, the European Union is determined to take revenge on China and Russia. The fear of China's domination of the electric car market has forced Europe to carry out an anti-subsidy research plan from China with the aim of fighting the prices that have been artificially kept low with the huge help of the Chinese government.

 Italy, despite emphasizing on maintaining its friendly relations with China, announced that it will leave the country's Belt and Road Initiative. In addition, the 12th package of European sanctions, focusing on preventing Russia's access to sanctioned goods through third countries, is on the EU's desk to complement the EU's mostly controversial positions towards China and Russia.

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