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Thursday, 9 December 2021

Biden makes concessions to Moscow to prevent Ukraine invasion

US President Joe Biden agreed to bring Russia’s grievances with NATO to the discussion table in a future meeting between Moscow and “at least four” major allies in the transatlantic agreement, in a “diplomatic concession” meant to prevent Moscow from invading Ukraine, the Financial Times reports. This comes a day after the US leader held a bilateral call with Vladimir Putin, which ended with threats from Washington to cut off Russia’s Nord Stream 2 pipeline should Russia invade Ukraine.

Also worth knowing this morning:

  • An Emirati delegation is in Ankara to discuss defense collaboration, Reuters reports, amid a thawing in tensions between the UAE and Turkey. Two weeks ago, Ankara and Abu Dhabi signed bns of USD-worth of agreements in food, energy and healthcare among other sectors.
  • Canada, the UK, Australia and Lithuania are the latest to follow the US’ lead in its diplomatic boycott of Beijing’s 2022 Winter Olympics, citing China’s human rights abuses targeting ethnic Uighur people in Xinjiang.
  • Chinese authorities have expanded their crackdown on the tech sector with a blacklist limiting international funding and overseas listings by Chinese companies. The crackdown will target future variable interest entities (VIEs) — a structure that allows companies to circumvent existing restrictions to raise bns from international investors, reports the Financial Times.

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