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Coronavirus Politics Daily: Zara cancels Bangladesh, Putin aids America, Europe helps Iran

Coronavirus Politics Daily: Zara cancels Bangladesh, Putin aids America, Europe helps Iran

Read our roundup of COVID-19 themes and stories from around the globe.

Europe skirts US sanctions to help Iran: While the US insists on tightening the sanctions noose around COVID-stricken Iran, European countries are now sending medical equipment. To do so, they are using for the first time a system called INSTEX, a back-channel financial mechanism created a year ago that allows Europe to maintain trade ties with Iran despite US sanctions. Recall that in 2018 the US pulled out of the multilateral Iran nuclear agreement and reimposed crippling sanctions – the Europeans stayed in the deal and have tried to salvage it. To date, Iran has suffered more than 3,000 deaths from COVID-19, one of the highest tolls in the world. Some say that Iran's failure to contain the contagion has been complicated further by US sanctions, which have thwarted the Islamic Republic's ability to fund medical imports. Tehran has urged the US to ease sanctions to no avail, but Ayatollah Khamenei has also, citing some wild conspiracy theories about the coronavirus' origin, refused medical aid from Washington.

COVID tears up Bangladesh's garment industry: Bangladesh, the South Asian country of 164 million that produces the most apparel in the world after China, is reeling as coronavirus-related economic slowdowns lead to cancellations from some of the world's biggest clothing retailers. The country has already lost around $3 billion in export revenue, and stands to lose a total $6 billion from lost revenue in this financial year alone, as brands like Zara and Gap scrap their orders. Last year, garment exports made up around 84 percent of Bangladesh's overall export revenue, accounting for some $34 billion. In a country where poverty is already widespread (one person in five lives below the poverty line) the economic fallout from the pandemic alone could be catastrophic.

Russia sends medical aid to...the US: President Trump confirmed this week that Russia had sent a planeload of masks and other medical equipment to help the US as it grapples with a rapidly expanding coronavirus outbreak. Trump reportedly accepted the offer from Vladimir Putin during a phone call this week where the two leaders discussed pandemic response efforts as well as Russia's ongoing oil price war with Saudi Arabia. Putin has already sent a highly publicized shipment of aid to Italy, even as he struggles with what could be a huge outbreak of COVID-19 at home. But watching the United States – whom Putin has for years sought to cut down to size – accept aid from Moscow, is a particularly delicious propaganda victory for the Kremlin. What will Putin use it for?

Empathy and listening are key to establishing harmonious relationships, as demonstrated by Callista Azogu, GM of Human Resources & Organization for Nigerian Agip Oil Company (NAOC), an Eni subsidiary in Abuja. "To build trust is very difficult. To destroy it is very easy," says Callista, whose busy days involve everything from personnel issues to union relationships. She sees great potential for her native Nigeria not only because of the country's natural resources, but because of its vibrant and creative people.

Learn more about Callista in this episode of Faces of Eni.

Saturday will mark the beginning of an historic turning point for European politics as 1,001 voting members of Germany's Christian Democratic Union, the party of Chancellor Angela Merkel, hold an online conference to elect a new leader.

Here are the basic facts:

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Joe Biden wants to move into the White House, but the coast isn't clear. He may need some bleach.

Watch more PUPPET REGIME here.

If former Homeland Security Secretary Jeh Johnson could give incoming Homeland Security Secretary Alejandro Mayorkas advice, what would it be? "Well, first I would say, 'Ali, I'm glad it's you, not me.'" His conversation with Ian Bremmer was part of the latest episode of GZERO World.

Listen: For the first time in twenty years extreme poverty around the world is growing. How does the developing world recover from a pandemic that has brought even the richest nations to their knees? David Malpass, the President of the World Bank, is tasked with answering that question. He joins Ian Bremmer on the podcast to talk about how his organization is trying to keep the developing world from slipping further into poverty in the wake of a once-in-a-century pandemic.

The GZERO World Podcast with Ian Bremmer. Listen now.


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