The situation is peculiar because we don’t see a huge impact if we look to energy prices or oil prices in the region due to rising instability, but that is partially due to external factors
Media mentions – Middle East and North Africa
If you look at Gulf countries, they are investing heavily in renewable energy. They want to be a major provider of green energy as well
It seems more likely that Zelensky is counting on Saudi Arabia to exert influence on global powers in the south, such as the BRICS states
Saudi Arabia, and thus its leadership, must move in a particularly careful manner, meaning that it has many sensitivities to take into account and does not want to break
“Beyond Proxies” cited in the Guardian
The fact that Chinese companies are more open to share the collected data than their Western counterparts makes them attractive partners to the Gulf states
Financial sanctions are ineffective if Chinese banks have no ties to Western instruments, such as the dollar or the Swift mechanism