Australia: A national security focus on investments

Date first published: 09/03/2023 Key sectors: mining; national security; foreign investment Key risks: economic risks; business risks; frustration of process Risk development On 15 February Treasurer Jim Chalmers blocked Chinese-owned Yuxiao Fund (YF) – the largest shareholder of Australian rare earths producer Northern Minerals (NM) – from increasing ownership from 9.92 to 19.9 per […]
Ecuador: Further instability, disruptive unrest looms

Date first published: 07/03/2023 Key sectors: all; oil and gas; mining; cargo transport; retail Key risks: political instability; governability; business disruption; political violence; civil unrest Risk development Three recent developments underscore a fresh heightened risk of political instability and disruptive unrest in Ecuador. On 5 February conservative President Guillermo Lasso suffered a significant defeat […]
US: attacks on infrastructure

Date first published: 28/02/2023 Key sectors: all Key risks: terrorism; civilian infrastructure Risk development In the first eight months of 2022, the Department of Energy recorded at least 101 incidents that they were deemed intentional attacks, threats of an attack or vandalism on the United States’ power grid. Between August 2022 and January 2023 […]
Nigeria – Tinubu expected to snatch 25 February presidential election

Date first published: 16/02/23 Key sectors: all; oil and gas Key risks: political stability, policy uncertainty Risk development On 15 February two Nigeria based research organisations, ANAP Foundation and Kwakol Research, published a poll that identified presidential candidate Peter Obi of the Labour Party (LP) as the most likely candidate to succeed President Muhammadu Buhari […]
Ones to Watch, 20 February 2023
Americas: IMF-backed austerity measures spark unrest in Suriname Sectors: all Key Risks: civil unrest; political violence; political stability In Suriname, on 17 February 119 people were arrested and 20 others were injured as protesters stormed parliament, looted local businesses and clashed with police in the capital Paramaribo. Thousands participated in initially peaceful demonstrations against government […]
Iran – Russia: an alternative inter-bank system to skirt Western sanctions

Date first published: 08/02/23 Key sectors: all Key risks: economic, business Risk development On 30 January Iran and Russia signed a memorandum of understanding (MoU) creating an inter-bank messaging system that would allow financial transactions between Iranian and Russian banks to bypass the Belgium-based international Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. Tehran […]
Sweden-Turkey: Sweden’s burning path to NATO

Date first published: 02/02/2023 Key sectors: all; defence Key risks: civil unrest; war on land Risk development On 16 May 2022 the previous Swedish government, led by the centre-left Magdalena Andersson, decided to apply for NATO membership. The decision was taken after the Foreign Ministry drafted a report on the consequences of Russia’s war […]
Uzbekistan: The coldest winter in 50 years

Date first published: 26/01/2023 Key sectors: energy; oil and gas Key risks: civil unrest; economic; business Risk outlook On 18 January dozens of residents stormed local energy facilities in the capital Tashkent and other towns in the Tashkent region due to electricity shortages. On 16 January a video emerged on social media of a […]
Peru: Unrest impacts the mining sector

Date first published: 24/01/2023 Key sectors: mining Key risks: business risk; economic risk; business interruption; political violence Risk development An ongoing wave of higly disruptive and violent unrest is significantly affecting Peru’s mining sector. The protests – sparked by the ouster and arrest of former leftist president Pedro Castillo on 7 December 2022 – […]
Iran: No end in sight

Date first published: 17/01/2023 Key sectors: all Key risks: political stability; civil unrest; political violence Risk development On 9 January during a speech in the city of Qom, Iranian Supreme Leader Ayatollah Ali Khamenei claimed protests had failed to weaken the Islamic Republic. Despite continued unrest, the Iranian regime is doubling down on the […]
Worldwide: FTX and the future of crypto

Date first published: 10/01/2023 Key sectors: technology; finance Key risks: credit risks; market contagion Risk development In November 2022 FTX, the cryptocurrency exchange specializing in derivatives and leveraged products, filed for bankruptcy. FTX was once valued at US$32bln and its founder Sam Bankman-Fried was the most prominent name in crypto. Its failure highlights serious […]
Papua New Guinea: Lawlessness in Hela

Date first published: 03/01/2023 Key sectors: oil and gas Key risks: civil unrest; violent clashes; business risks Risk development On 16 December Prime Minister James Marape unveiled plans to extend by one year the country’s military presence in Hela province as well as in the neighbouring Enga and Southern Highlands provinces. The plans also […]