Lessons from Syria, Lebanon: Resistance is the only guarantor of sovereignty
By Mohamad Hasan Sweidan | The Cradle | December 12, 2024
On the heels of thinly veiled threats from Israeli Prime Minister Benjamin Netanyahu that deposed Syrian president Bashar al-Assad was “playing with fire,” and seizing the opportunity presented by the sudden collapse of the Syrian state, the occupation army invaded Syrian territory for the first time in 50 years.
The pretext of establishing a “buffer zone” was a transparent attempt to conceal Israel’s historic regional agenda: the weakening and fragmentation of Arab states to facilitate Tel Aviv’s regional domination.
Exploiting the power vacuum that ensued from the fall of Damascus, Israel launched hundreds of air strikes to cripple Syria’s already weakened military capabilities, and patted itself on the back for what it called the largest air blitz in its history. Its land forces and armored vehicles now lay a few kilometers from the Syrian capital, having literally driven through border terrain without a single challenge by opposing troops.
For many observers in neighboring Lebanon – and perhaps Iraq and other regional states – the Israeli rout answered a critical question: if they relinquished the will or capacity to defend themselves, would this too be Lebanon’s fate?
A legacy of expansionism
The concept of ‘Greater Israel’ is deeply rooted in Zionist ideology. From Theodor Herzl, the father of modern Zionism, to revisionist figures like Ze’ev Jabotinsky, and even Israel’s first prime minister, David Ben-Gurion, expansionist ambitions have been a consistent theme.
Oded Yinon’s plan, A Strategy for Israel in the Eighties, further solidified this vision. First made public in the magazine Kivunim (Directions) of the World Zionist Organization in February 1982, the plan was based on the vision of Herzl, and the founders of the Israeli state in the late 1940s, among them Polish-born, US Zionist leader Jacob Fishman.
From North Africa to the Levant to the Arabian Peninsula, Yinon advocated a strategy of breaking up and chronically weakening Arab states in order to ensure Israel’s long-term security.
“Israel’s policy, both in war and in peace, ought to be directed at the liquidation of Jordan under the present regime and the transfer of power to the Palestinian majority … The dissolution of Syria and Iraq later on into ethnically or religiously unique areas such as in Lebanon, is Israel’s primary target on the Eastern front … Iraq, rich in oil on the one hand and internally torn on the other, is guaranteed as a candidate for Israel’s targets. Its dissolution is even more important for us than that of Syria … The entire Arabian peninsula is a natural candidate for dissolution due to internal and external pressures, and the matter is inevitable especially in Saudi Arabia … Egypt is divided and torn apart into many foci of authority. If Egypt falls apart, countries like Libya, Sudan or even the more distant states will not continue to exist in their present form and will join the downfall and dissolution of Egypt.”
This destructive and expansionist drive is not confined to historical Israeli figures. Current Israeli Finance Minister Bezalel Smotrich has openly stated his desire for Israel to control territory extending to Damascus and including Jordan. In a 2016 interview, he is quoted as saying: “Our great religious elders used to say that the future of Jerusalem was to extend as far as Damascus.”
More recently, following the fall of Damascus, Smotrich pressed: “It is time to seize control of Gaza and strip Hamas of its civilian authority, cutting off its lifeline,” and to launch an all-out offensive in the occupied West Bank.
Such pronouncements, far from being isolated incidents, reflect a core Zionist principle that resurfaces with increased intensity during times of conflict.
The ongoing war in Gaza exemplifies this. Nearly 10 months after the start of the war, Netanyahu said of the Occupied Palestinian Territory: “It is part of our homeland. We intend to stay there.” Smotrich’s display of a ‘Greater Israel’ map encompassing all of historic Palestine and Jordan during a 2023 visit to Paris further illustrates these ambitions.
Historically, these far-right expansionist fantasies are rooted in religious beliefs that the ‘Promised Land’ stretches from the Nile River in Egypt to the Euphrates River in Iraq. These beliefs have been seeded and advanced by the leaders of the Zionist movement since its inception more than 120 years ago.
Breaking up West Asia
Their expansionist fantasies are not merely ideological. The Yinon Plan outlined a strategy for breaking Arab states into weak, sectarian ones, each dependent on Israel for survival. Iraq is to be divided into Kurdish, Sunni, and Shia states, Lebanon reduced to fragments, and Syria obliterated. This is not a theory – it’s a Zionist roadmap for domination, and the occupation state’s aggression in Syria is a direct implementation of these sinister goals.
Israel’s actions in Syria lay bare the insatiable greed of the occupation state. Without resistance movements in neighboring Lebanon, Israeli tanks would undoubtedly have rolled deep into Lebanese territory, seizing lands far beyond the south of the Litani.
The evidence is clear. Since the ceasefire between Israel and Lebanon took effect on 27 November, the Israeli occupation army has violated Lebanese sovereignty at least 195 times. These violations include airstrikes, drone incursions, artillery bombardments, and the destruction of homes – acts of terror meant to keep Lebanon on its knees.
The Lebanese government and armed forces, shackled by limited capacity and international neglect, have been unable to halt this aggression. International mechanisms like the five-member committee – comprising the US, France, Lebanon, Israel, and UNIFIL – are nothing more than diplomatic theatrics.
Resistance: The barrier against occupation
A day after the committee meeting on 9 December, the Israeli army committed 12 violations of the ceasefire agreement.
They meet, they talk, but they fail to act. While these parties dither, Tel Aviv tightens its grip, proving time and time again that the only language it understands is the language of force. This is why Lebanon’s resistance remains the only genuine national safeguard against Israeli aggression.
Southerners in Lebanon know this truth intimately: without the resistance, Israel’s greed knows no bounds. Every incursion, every violation, is a reminder that resistance is not just a choice – it’s a necessity.
The unrelenting aggression of the occupation state reveals a harsh reality; in a world dominated by power, weakness invites exploitation. Realists in international relations argue that power is the only currency that matters, and Lebanon’s experience validates this view.
Resistance movements have demonstrated that the balance of power is the sole way to curb Tel Aviv’s appetite and ambitions. Israel’s expansionism will not end with Syria or Palestine. It eyes every vulnerable nation in the region, seeking to carve it up and dominate.
The lesson is clear. Only through resilience and force can sovereignty be defended. Resistance is not just a shield – it is the only path to survival against an entity that thrives on destruction and occupation.
IOF storm Quneitra countryside villages, residents defy evacuations
Al Mayadeen | December 12, 2024
Israeli occupation forces stormed Wednesday evening the towns of Ruwaihinah and Umm Batna in the central countryside of Quneitra, local sources in southern Syria told Al Mayadeen.
According to the sources, the Israeli incursion involved tanks and infantry units, during which several houses were searched and various weapons and ammunition were seized.
The occupation forces later withdrew from Umm Batna after stationing at a military site, west of the town, which they subsequently detonated, before redeploying in the town of al-Ajraf in the central countryside of Quneitra.
Media sources also told Al Mayadeen that the residents of Quneitra have refused to evacuate their villages.
A couple of days ago, a delegation of locals and community leaders engaged in negotiations with Israeli occupation forces, facilitated by the coordination of the United Nations Disengagement Observer Force (UNDOF), in a meeting that lasted over 10 hours.
The sources indicated that the meeting concluded with an agreement to construct a road west of the village of Kwdana to prevent occupation forces from entering the village, while ensuring services for the villagers, allowing residents to move freely within the villages and carry out their daily activities.
It was also agreed to reopen the governorate building in the coming days and for the occupation forces to retreat to the al-Mashtal Bridge. However, any gunfire or carrying of weapons would risk the re-entry of the occupation forces into the village.
The community leaders and residents unanimously agreed to remain in their homes and not evacuate the villages where Israeli forces had advanced. It was also agreed to turn in specific weapons in each village—such as RPG launchers and machine guns—through local community mediation to the provincial police leadership, with a strict prohibition on any gunfire in the villages.
In the same context, media reports on Thursday highlighted further incursions by Israeli forces in the Quneitra province, where residents of some villages were forcibly displaced to “annex” these areas into a buffer zone, which has reached a depth of five kilometers in certain regions.
Additionally, local sources indicated that Israeli forces carried out a forced evacuation of the residents of the village of Rasem al-Ruwadi in Quneitra. Meanwhile, a UN source reported that Israeli forces have been obstructing the operations of peacekeeping forces in the occupied Syrian Golan Heights.
Netanyahu says occupied Syrian Golan Heights Israeli ‘for eternity’
On Monday, a UN official said Israeli occupation forces (IOF) moving into the buffer zone on the border of the Israeli-annexed Golan Heights “violate” the 1974 disengagement agreement between “Israel” and Syria.
The UN peacekeeping force in the Golan Heights, known as UNDOF, “informed the Israeli counterparts that these actions would constitute a violation of the 1974 disengagement agreement,” according to Stephane Dujarric, Secretary-General Antonio Guterres’s spokesperson.
Dujarric explained that the IOF had invaded the zone and were still there in at least three sites.
He explained that the IOF “have entered the area of separation and have been moving within that area where they remain in at least three locations throughout the area of separation,” adding that there should be no military or activities in that area and “Israel and Syria must continue to uphold the terms of that 1974 agreement, and preserve stability in the Golan.”
Israeli occupation Prime Minister Benjamin Netanyahu in a speech said the occupied Syrian Golan Heights are Israeli “for eternity”.
Netanyahu further underscored that Israeli occupation forces’ control of the high ground “ensures our security and sovereignty.”
Events in Syria and Future Prospects
By Mikhail Gamandiy-Egorov – New Eastern Outlook – December 12, 2024
The tragic events in Syria have clearly demonstrated that internal betrayal is one of the greatest challenges for any sovereign state. This is particularly true when such betrayal serves the interests of those seeking to destroy sovereign nations.
Terrorist groups
Terrorist groups, following a brief advance across several fronts and battles in which the government army effectively refused to engage, managed to capture the Syrian capital, Damascus. Initially, it seemed that this was merely a temporary disarray caused by years of complacency. However, it soon became evident that a large-scale betrayal had occurred within Syria’s political and military apparatus, favouring forces long intent on dismantling the country as a unified state.
Events in Syria as a Lesson
The recent takeover of power in Syria by overt Salafist terrorists is undoubtedly a tragedy, both for Syria itself and for all advocates of a multipolar world. However, it is likely that many representatives of Syria and other Arab nations have not yet fully grasped the far-reaching consequences of what has happened. These consequences are likely to be deeply tragic, both for Syria and for the broader region.
In reality, an undeniable fact remains: an outright terrorist affiliated with ISIL or al-Qaeda—no matter how his true masters might now attempt to portray him—has seized power in one of the world’s oldest nations. This was achieved, of course, not without the involvement of various regimes and intelligence agencies, ranging from the United States and Britain to Israel and Turkey. Furthermore, given the presence of sleeper cells linked to al-Qaeda and ISIL in nearly every Arab country, the future implications for Arab states could be catastrophic. Yet even now, many seem either unaware of this or, like the terrorists themselves, are merely executing the orders of their Western and Israeli patrons.
Nevertheless, no matter how certain hostile forces attempt to discredit Russia and Iran for their alleged failure to assist their ally, the reality lies elsewhere: when internal traitors in a given country gain the upper hand with the tacit approval of part of the population, external intervention becomes utterly futile.
This became clear to Russia—whose Aerospace Forces continued striking advancing terrorist positions—to Iran, which was reportedly ready to deploy a significant military contingent to Syria, and to Lebanon’s Hezbollah, whose fighters performed admirably in battles, including those near the Syrian city of Homs. Meanwhile, Syrian troops abandoned their positions and retreated in haste, despite Hezbollah still recovering from intensive clashes with the Israeli regime, which could reignite at any moment. In such circumstances, it became increasingly apparent that it would be entirely illogical for Russia, Iran, and Hezbollah to continue fighting terrorist forces if the Syrians themselves no longer wished to resist.
Necessary Conclusions and Prospects
There were, of course, evident mistakes at the level of Syria’s leadership. Mistakes that Moscow and Tehran had repeatedly pointed out in private discussions. The necessary reforms were not implemented in recent years, even though the opportunity was certainly there — thanks to the relative peace in Syria and the lull in hostilities. Notably, this peace was largely achieved through the efforts and support of Russia, Iran, and Lebanon’s Hezbollah. These reforms were essential in the military sphere and many other areas, but they never materialised.
That said, despite these significant unresolved problems, the situation could not have unfolded as it did without mass betrayal. This is clearly evidenced by footage taken by Russian forces stationed in Syria, which not only confirm the lack of proper preparation among Syrian troops at the onset of the terrorist offensive but also highlight the betrayal by certain members of Syria’s political and military elite.
Who were the external players involved? It is almost certain that the Anglo-Saxons, the Israeli regime, Erdogan’s Turkey, and possibly some Arab states played a role. However, this has become a secondary issue. What truly matters now is that advocates of a multipolar world must closely monitor any attempts at betrayal within their own countries and eliminate them at the very earliest stages of destabilisation attempts—by the harshest means necessary. Furthermore, all necessary reforms across key sectors must be implemented without delay.
As for the enemies and rivals of a multipolar world order, their problems are only beginning. Engaging in a multi-front conflict against Russia across different parts of the globe, the representatives of the Western planetary minority and their agents aimed to provoke a new hot front for our country. They failed — the plans were clearly understood by Russian leadership. Consequently, all new Syrian problems now fall squarely on the enemies of multipolarity. The reemergence of al-Qaeda and ISIL terrorists will likely lead to another massive wave of refugees, increasing security threats. The West and several other nations still fail to understand that controlling terrorists indefinitely is impossible. Eventually, these groups slip out of control, bringing with them inevitable consequences.
So, to all the initiators of this campaign: best of luck in your “successes”, especially as former allies are already turning on each other. Pro-Turkish militants are clashing with pro-American Kurds from the so-called “SDF”, with the direct involvement of al-Qaeda, ISIL, and the US and Israeli regimes. Meanwhile, we will calmly observe from our side. Particularly as Syria’s leader, Bashar al-Assad, is now in Russia and has avoided the fate of Saddam Hussein or Muammar Gaddafi. As for those Syrians who are pleased with the “improvements”, they can fully immerse themselves in a world of total chaos and lawlessness — or, excuse me, democracy, freedom, and progress. Finally, regarding internal traitors: they always meet a grim end.
Al-Qaeda Rides Again… in Syria
By Daniel McAdams | Ron Paul Institute | December 11, 2024
As Christians around the world prepare to celebrate Christmas, a hell has been unleashed inside Syria with the seizure of the country by the re-named “al-Qaeda in Syria” now called Hay’at Tahrir al-Sham (HTS). Its leader is a former deputy commander of ISIS, Abu Mohammed al-Julani.
While neocons and the mainstream media in the US and Europe celebrate the overthrow of the Assad government – a priority since the Obama Administration – as with previous US “liberations” in Libya and Iraq the outcome is proving to be anything but liberating. Christian churches are being ransacked and believers abused.
Sharia law has been announced by the new justice minister, Shadi Alwaisi.
Public executions of those who oppose the rule of al-Julani – who still has a $10 million bounty on his head from the US State Department even as he is funded by the CIA – have begun across the country. (Extremely graphic link here).
Just today, Christian Churches in Syria were warned not to hold Christmas services, not to hold Christmas parades, and not to even display the image of St. Nicholas! This is what the mainstream media told us was the new “inclusive” government in Syria.
State Department to Shut Down Controversial Censorship Hub but Critics May Call It a Rebrand
By Didi Rankovic | Reclaim The Net | December 12, 2024
The US State Department looks set to shut down the Global Engagement Center (GEC), which has for a long time faced accusations of deviating from its stated role abroad, and instead engaging in, and facilitating censorship at home.
This has been revealed in a filing in the Daily Wire v. US Department of State case, in which the latter informed the court that members of Congress were told last Friday about the upcoming move.
However, even though GEC as such is “substantially likely” to cease operations on December 24, the idea seems to be a simple reshuffle – as both the funding and the staff would continue their work in other State Department offices and bureaus.
According to a spokesperson, this development is the result of the National Defense Authorization Act (NDAA) not providing for an extension of GEC. And now the State Department is “hopeful that Congress extends this important mandate through other means before the December 24 termination date,” said the spokesperson.
That mandate, on paper, is supposed to be directing, leading, and coordinating the US government’s “countering of foreign propaganda and disinformation” – in foreign countries. And the State Department continues to maintain that this is in fact the role of GEC and that it is critically important for that work to continue.
But critics say that the office, which was created in 2016, in reality, represents a central component of partisan censorship targeting Americans – particularly conservative and “disfavored” voices.
As evidence of this kept mounting, Republican members of the House of Representatives first investigated the activities of this office, particularly the way it was handing out grants (the suspicion is that GEC “delegated” censorship to third parties in order not to openly violate the Constitution).
Now, House Republicans have decided not to approve the planned 8-year extension of GEC. One of those controversial grants, worth $100,000, went to the Global Disinformation Index – a UK-based group accused of compiling a list of conservative media that advertisers were supposed to boycott and thus deprive of revenue.
But even if GEC will no longer exist as such, the intent is clearly to reassign employees and keep funding their work. What that work will actually be going forward, should depend on the incoming administration’s new State Department.
Strikes deep into Russia ‘big mistake’ – Trump
RT | December 12, 2024
US President-elect Donald Trump has criticized Ukraine’s strikes deep into Russia using Western-supplied weapons, saying that they only escalate the conflict between Kiev and Moscow.
Trump made the statement on Thursday in an interview with Time magazine, which named him the 2024 Person of the Year.
“I disagree very vehemently with sending missiles hundreds of miles into Russia. Why are we doing that?” he asked rhetorically.
According to the president-elect, such attacks are “just escalating this war and making it worse.”
“That should not have been allowed to be done… And I think that is a very big mistake, very big mistake,” he said of strikes deep into Russia’s internationally recognized territory.
Trump returned to the issue later in the interview, saying that “the most dangerous thing right now” is the fact that “[Ukrainian leader Vladimir] Zelensky has decided, with the approval of, I assume, the President [Joe Biden], to start shooting missiles into Russia.”
“I think that is a major escalation. I think it is a foolish decision,” he stressed.
The US president-elect’s comments came a day after the Russian Defense Ministry reported that Ukrainian forces had fired six US-supplied ATACMS missiles at a military airfield near the southern city of Taganrog.
Two of them were shot down and the rest were diverted using electronic warfare during the attack, the ministry said. The fallen debris resulted in some injuries and minor damage to two buildings and several vehicles, it added.
On Thursday, Kremlin spokesman Dmitry Peskov said that Russia’s response to the strike on Taganrog “will follow at the time and in the way that will be deemed appropriate. But it will definitely follow.”
In late November, Russia used its new Oreshnik hypersonic ballistic missile system for the first time, striking the Yuzhmash military plant in the Ukrainian city of Dnepr.
According to Moscow, the deployment of the state-of-the-art weapon was a response to Washington and its allies allowing Ukraine to target internationally recognized Russian territory with the long-range weapons they supply to Kiev.
Russian President Vladimir Putin warned at the time that if Ukraine’s attacks deep inside Russia continue, Moscow reserves the right “to use our weapons against the military facilities of those countries that allow the use of their weapons against our facilities.”
Bipartisan Push to Shield Free Speech Targets Abusive Lawsuits
By Didi Rankovic | Reclaim The Net | December 9, 2024
A new bipartisan bill – the Free Speech Protection Act – has been introduced in the US Congress with the goal of improving ways to fight what are known as strategic lawsuits against public participation (SLAPPs).
We obtained a copy of the bill for you here.
Congressman Jamie Raskin and Kevin Kiley are behind the House proposal, while “companion” legislation in the Senate is sponsored by Ron Wyden.
SLAPPs are described as serving to chill both free speech and political action through litigation that is both frivolous in nature – and burdensome for those targeted by such lawsuits.
“Though many such suits often prove meritless, they are nonetheless effective at silencing, intimidating, and discouraging dissent,” a press release said.
The proposed legislation would prevent “Goliath triumphing over David,” as Congressman Raskin put it, by those with more money and power essentially abusing the judiciary and wearing down their opponents with huge legal costs and “prolonged invasive discovery.”
If the Free Speech Protection Act becomes law, its sponsors hope to rein in “the rich and powerful” both from draining those with fewer resources of money and in the process silencing people whose political views they consider “incorrect.”
Journalists, whistleblowers, and activists are likely to be subjected to meritless SLAPP lawsuits, the lawmakers note in their press release.
The legislative effort, which is supported by a number of civil rights groups, is meant to extend similar state laws to the federal level.
Although two-thirds of US states already restrict SLAPPs, in cases involving First Amendment free speech violations these laws do not apply – since they are tried in federal courts.
And those (ab)using the judicial system to their own end are aware of this and tend to file their SLAPPs in those courts, Institute for Free Speech President David Keating remarked, adding that this is why his group has supported the bipartisan and bicameral proposal.
The Free Speech Protection Act seeks to provide federal courts with a new mechanism to control SLAPPs, including by letting judges act quickly to identify when a SLAPP is going after constitutionally protected speech and dismiss such lawsuits.
Another provision is to prevent those filing SLAPPS from treating the discovery process as a privacy-invasive tool, and lastly, federal judges would be able to deter these lawsuits by awarding attorney fees to the victim – “to reduce the cost burden and deter future exploitation of this tactic.”
Iran’s Syria envoy rejects reports on cash theft from embassy
Press TV – December 11, 2024
Iran’s ambassador to Syria has rejected reports that some $42 million worth of cash was stolen from the Iranian embassy in Damascus just after staff left it in anticipation of a change of government in the Arab country.
“There was a single dollar. Why should there be $42 million in an embassy,” said Hossein Akbari on Wednesday during an interview with Tasnim news agency.
Akbari said the ransacking of the Iranian embassy, which took place on Monday, was the work of a group of thugs who were not related to armed militants taking control of Damascus after Syrian President Bashar al-Assad left the country last weekend.
He said that only the embassy’s furniture had been damaged during the ransacking, adding that the staff had evacuated all other important items, including computers and technical equipment.
The ambassador said that Iran’s embassy in Damascus is currently under protection like other foreign missions in Syria upon orders issued by the ruling militants.
“I’m sorry for those media outlets that gave such extensive coverage to this fake news,” he said while referring to the domestic circulation of the story on cash theft from the embassy in Syria which he said had originally been reported by anti-Iran platforms outside of the country.
Akbari said that some 10,000 Iranians are currently working or studying in Syria and need to receive regular consular services.
He added that the ruling militants in Damascus have been urging foreign missions to continue their activities, adding that Iran will resume offering consular services in Syria once the Arab country’s transitional government sets up its foreign ministry.
Orban reveals Trump’s stance on Ukraine negotiations
RT | December 11, 2024
US President-elect Donald Trump is not yet able to conduct official negotiations to seek a resolution to the Ukraine conflict but will start doing so after assuming office on January 20, Hungarian Prime Minister Viktor Orban has said.
Orban made the remarks in a Facebook post on Wednesday in which he recounted his meeting with Trump and members of his inner circle earlier this week. The Hungarian prime minister expressed confidence that a “positive effect” on the conflict will be seen immediately after Trump’s inauguration.
“If two people, whether in Europe or in America, sit down to talk to each other today, they will hardly be able to avoid talking about peace and war,” Orban wrote, noting that US law strictly bars Trump from negotiating in any official capacity before he assumes office.
Orban, one of a handful of dissenters to the Western approach to the conflict between Moscow and Kiev, has reportedly been actively seeking a mediatory role in settling the hostilities.
Early on Wednesday, Orban held an hour-long phone conversation with Russian President Vladimir Putin that revolved around the Ukraine conflict, the situation in Syria, and bilateral ties between Moscow and Budapest.
“These are the most dangerous weeks” in the entire conflict, and Hungary is “taking every possible diplomatic step to argue in favor of a ceasefire and peace talks,” Orban said in a post on X after the talks.
Putin explained Moscow’s position to Orban, detailing “his principled assessment of the current development of the situation regarding Ukraine and the destructive line of the Kiev regime, which continues to exclude any opportunity for peaceful resolution,” according to the Kremlin press service.
The talks between Orban and Putin evoked an angry reaction from Ukraine’s Vladimir Zelensky, who mockingly expressed hopes that the Hungarian leader “at least won’t call [former Syrian President Bashar] Assad in Moscow to listen to his hour-long lectures as well.”
“No one should boost personal image at the expense of unity; everyone should focus on shared success. Unity in Europe has always been key to achieving it. There can be no discussions about the war that Russia wages against Ukraine without Ukraine,” Zelensky stated.
Orban promptly reacted to Zelensky’s rebuke, stating that the Ukrainian leader had rejected his peace efforts, namely “a Christmas ceasefire and a large-scale prisoner exchange” he had proposed.
“It’s sad that [Zelensky] clearly rejected and ruled this out today. We did what we could!” Orban said on X.
Seizure of Frozen Russian Assets: Is EU Setting a Legal Trap for Euroclear?
By Ekaterina Blinova – Sputnik – 11.12.2024
Valerie Urbain, CEO of Euroclear which holds $200 billion in frozen Russian Central Bank assets, told Bloomberg that if the European Union (EU) decides to confiscate the money, the financial services company should be exempt from any liabilities.
What are Euroclear’s concerns?
Urbain suggests Russia’s frozen money may be seized if incoming US President Donald Trump cuts off aid to Ukraine.
Confiscating the Russian assets poses severe risks to the euro currency and the broader stability of Europe’s finances, she warns.
Euroclear could also face legal challenges from Moscow to any moves to confiscate its foreign-held funds, a senior EU official told Reuters in March. Moscow could seize the €33 billion ($34.6 billion) of Euroclear money held in Russia and take legal action to sequester Euroclear assets in Hong Kong and Dubai, the official cautioned.
Sputnik pundit and French economist Jacques Sapir warned in October 2023 that the confiscation of Russia’s frozen assets would be theft – leading to legal action.
Urbain’s predecessor Lieve Mostrey warned the EU in February against seizing the frozen Russian money, adding that “the risk is a bit lower” if the EU appropriates the interest owed on the frozen sovereign assets.
But in October the European Commission moved to consider allowing Euroclear to take the frozen Russian assets, despite the risks. Euroclear complains that it faces “a significant number of legal proceedings ongoing, almost exclusively in Russian courts”.
Slovak MP Slams EU Leadership’s ‘Idiotic’ Russian Gas Sanctions
Sputnik – December 11, 2024
Reducing energy dependence on Russia became one of the European Union’s top priorities after the West unleashed its sanctions campaign against Moscow in 2022. The move has backfired on the continent, leaving Europe facing a crippling energy crisis, while Russia retained its position as the world’s largest gas exporter in 2023.
If the EU wants to drive its economy off a cliff, its self-destructive goal of halting Russian gas flows will get that result, Andrej Danko, deputy speaker of the National Council of the Slovak Republic, told Sputnik.
Ending imports of Russian gas will be a huge problem, he warned, adding that “whoever claims that this is not true is a fool.”
“Therefore, we need to talk about this problem, and a solution is needed,” Danko underscored.
The Slovak politician is set to visit Moscow in January to discuss prospects for Russian gas supplies in 2025.
He weighed in on EU Commission President Ursula von der Leyen’s crusade of totally banning both Russian piped gas and LNG, specifically, recent remarks about wanting to discuss with US President-elect Donald Trump an increase in purchases of liquefied natural gas (LNG) from the United States to replace Russian supplies.
The Slovak lawmaker admitted he was puzzled by her proposal.
“How much would US gas imports cost? What was the purpose then of Nord Stream 1, Nord Stream 2? What do they want to achieve? This will be a problem for Germany, where Ursula is from originally… If she wants to live in America later, then I get it. But if Ursula is going to live in the European Union, it’s impossible to understand her… It’s inconceivable for a person of her rank to say something like that,” Danko said.
Gas prices exceeded $500 per thousand cubic meters in Europe in November, with European gas futures reaching around €46 ($48.6) per MWh as Russia suspended fuel deliveries to Austria’s OMV. Furthermore, Ukraine is about to stop the transit of Russia’s gas through its territory by the end of the year, which could affect several European nations, including Austria and Slovakia.
Unless the EU changes its self-harming policy course, it won’t exist in 10 years’ time, Danko speculated. EU sanctions on Russian energy have generated a terrible situation, according to him, and people like Ursula von der Leyen are only driving the bloc’s economy into the ground.
He also voiced hope for dialogue between Moscow and Washington under incoming President Donald Trump. As for Ukraine’s Volodymyr Zelensky, he “does nothing for his people, he only creates problems,” Danko noted, likening the expired Kiev regime leader to a chattering “con artist.”
The EU’s energy problems are also linked to the Green Deal, Danko said, which “some jokers had come up with,” and foolhardy talk about scrapping nuclear energy.
He claimed the biggest problems were created by shutting down nuclear power plants under Germany’s then-Chancellor Angela Merkel.
Codified in a 2002 law, the nuclear phase-out in Germany was finalized after the 2011 Fukushima disaster in Japan. The country’s last trio of operating nuclear power plants, Emsland, Neckarwestheim 2, and Isar 2, were finally shuttered on April 15, 2023.
Berlin’s move to join the West’s energy sanctions against Russia and give up Moscow’s reliable and abundant energy supplies, along with the Nord Stream pipeline sabotage and the “green agenda” aimed at replacing fossil fuels and phasing out nuclear energy, have all contributed to Germany’s dismal economic data and looming deindustrialization.
Assessing the litany of mistakes made by the European Union, Danko speculated that if the continent hopes to achieve progress in energy and the economy, a fresh influx of “parties of the people” is needed to breathe new life into the EU.
