MOUNTING GLOBAL RISKS

  1. War in Ukraine  
  2. China has become increasingly assertive especially over Taiwan. China has refused to denounce Russia over its invasion of Ukraine and both have become bellicose towards what they see as the vested interests of the world's leading democracies, the G7 nations against them.
  3. A global food crunch is on the way
  4. Global commodity crisis
  5. Oil prices are spiking
  6. Grim state of the global economy. Global economic slowdown is looming
  7. A cost-of-living crisis is looming
  8. Inflation is rising

CONFERENCE ON THE FUTURE OF EUROPE AND PROPOSALS THE EC INTENDS TO TABLE

1.Climate Change and Environment

EC’S NEW AREAS FOR ACTION INSPIRED BY THE CONFERENCE ON THE FUTURE OF EUROPE

1.Climate Change and Environment

PRIORITIES OF THE CZECH PRESIDENCY

Unfinished business of the French Presidency

  1. EU’s future relations with its West Balkan neighbors
  2. Draft legislation on digital services
  3. Energy transition plan (Fit for 55)
  4. Outcome of the somewhat overstated Conference on the Future of Europe.

Czech Priorities

BRICS COOPERATION PRIORITIES IN 2022

14TH BRICS SUMMIT

The 14th BRICS Summit will be held in virtual mode from China, on June 23, 2022. The Summit will bring together Xi Jinping, Russian President Vladimir Putin, Prime Minister Narendra Modi, President of South Africa Cyril Ramaphosa and President of Brazil Jair Bolsonaro.

During the meeting, heads of state will discuss intra-BRICS cooperation in areas like trade, counter-terrorism, traditional medicine, health, environment, reform of multilateral institutions and combating covid-19 pandemic.

INFLATION IN EU COUNTRIES

As of May 2022

Percent

THE STRUGGLE OF LOW AND MIDDLE- INCOME COUNTRIES

Across the world, low- and middle-income countries are struggling with the rising cost of their debt, sudden price increases for energy, fertilizer and food, and the likelihood of interest rate increases.

According to UNCTAD, there are 107 countries facing at least one of three shocks: rising food prices, rising energy prices or tighter financial conditions. All three shocks are being faced by 69 countries:  25 in Africa, 25 in Asia and the Pacific, and 19 in Latin America and the Pacific.

TOWARDS A FROZEN CONFLICT IN UKRAINE

Scenario 1: Ukraine is slowly strangled

Russia consolidates its land bridge to the Kremlin-controlled Crimean Peninsula and, without securing complete control of the rest of Ukraine’s Black Sea coast, destroys or blocks the port city of Odesa leaving the country effectively landlocked. Putin continues to bomb infrastructure elsewhere across Ukraine and annexes parts of the south and east, further destabilizing the country as a fully functioning state. He declares a “victory” while successfully suppressing dissent at home. 

CHINA PARTNERSHIPS WITH EU COUNTRIES

All-Round Strategic Partnership

  1. Germany

Comprehensive Strategic Partnership

  1. EUROPEAN UNION
  2. France
  3. Greece
  4. Hungary
  5. Italy
  6. Poland
  7. Portugal
  8. Spain

Friendly Strategic Partnership

  1. Austria

Strategic Partnership

  1. Bulgaria
  2. Cyprus
  3. Czech Republic
  4. Ireland

Comprehensive Friendly Cooperative Partnership

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