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The conflict in the Black Sea region between Russia and Ukraine escalated in November over the Kerch Strait. The situation has been contained for now, but it is still fragile. US and China agreed on a truce in their trade war, which brought a relief to the markets.
The main geopolitical hot spot has been the death of Saudi journalist Jamal Khashoggi in Saudi Arabia’s consulate. Major powers’ security strategies with regard to Syria are still unclear. The possibility of US to withdraw from INF Treaty increased the risks regarding European security. Merkel’s decision to step down as par…
