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West fueling Ukrainian financial woes – Moscow

RT | May 17, 2023

Western financial measures are leading Kiev into a sovereign debt crisis, with the burden expected to exceed Ukraine’s GDP by the end of the year, the Russian ambassador to the UN has warned.

“We will hear a lot today about the solidarity of the Western community with Ukraine, the readiness to support it ‘as long as it takes.’ However, it is necessary to understand that this support is taking Ukraine to the brink,” Vassily Nebenzia told the UN Security Council on Monday. “Its foreign debt surged to a record $132 billion, or 89% of GDP in 2022. It’s estimated that by the end of this year it will exceed 100%.”

The Russian envoy added that the “enormous funds allocated to Ukraine by the IMF, the EU, and the US are driving that country into a debt pit,” cautioning that “ordinary Ukrainians will have to repay the debts.”

Commenting on Kiev’s agreement with US financial company BlackRock to launch the Ukraine Development Fund, Nebenzia noted that the American firm will be in charge of managing the finances.

“What essentially is happening under the guise of attracting private investment for large-scale projects in key areas of the economy, is a transfer of state sovereignty to external corporate management of the world’s largest investment fund headquartered in New York,” the diplomat stated.

Ukrainian President Vladimir Zelensky has pushed Western leaders to provide more and more cash to sustain the economy and military. He previously told the World Bank and the International Monetary Fund that the country would need $55 billion in 2023 to cover the estimated budget deficit and rebuild critical infrastructure amid the conflict with Russia.

Ukraine has already deferred payments until 2024 on more than $20 billion of debt held by international investors. It is set for foreign debt restructuring next year, with G7 creditors claiming they would only extend their grace period for Ukrainian debt if private creditors agree. The nation’s budgetary shortfall is estimated to surpass $43 billion in 2023 alone.

May 17, 2023 Posted by | Economics | , , , | Leave a comment

Hungary outraged by leaked Ukrainian plans to blow up vital oil pipeline

Hungary’s energy security would take a major hit if Ukraine went through with a plan to destroy a key Russian pipeline

MANDINER | May 15, 2023

Hungarian media is abuzz with angry reactions after a leak obtained by The Washington Post revealed that Ukraine was planning to blow up the Druzhba oil pipeline that transports crude from Russia to Hungary.

According to the leaked documents, Ukrainian President Volodymyr Zelensky proposed at a February meeting with Deputy Prime Minister Yuliya Svyrydenko that Ukraine should blow up the pipeline in order to incapacitate the part of the Hungarian energy infrastructure reliant on Russian oil.

Government spokesman Zoltán Kovács reacted in a tweet with a short question: “How is it possible that Ukraine is plotting against a NATO country??”

Hungarian security analyst Péter Tarjányi said in a Facebook post that this would be a “very unfriendly, mistaken and stupid move.”

He added: “I understand that Ukraine does not like many Hungarian government actions and communications, but this does not justify such a plan or idea.”

Tarjányi then recalled that “on the one hand, Hungary has helped hundreds of thousands of Ukrainian refugees over the past 15 months, despite all the differences of opinion. We have to understand, our country sent aid, medicine AND!!! in the end voted for ALL sanctions against Russia.

He then pointed out that “in addition to this, and this is not a negligible FACT, Hungary is a NATO member, so such a plan makes no sense at all. This is a huge self-deception on the part of Ukraine, and Kyiv must explain itself very quickly. The main question is: Why did the Ukrainian president think that such a plan could be justified???? Why did he think he could risk NATO support by launching such an attack? I await further information on the matter.”

While the Russian invasion of Ukraine severely reduced Russian crude imports to the European Union, according to Eurostat data, last year Hungary imported 4.8 million tons of crude from Russia, 1.4 million more than in 2021.

The leak was part of a trove of military intelligence documents posted on a Discord server by 21-year-old Jack Teixeira, who served as an airman at a National Guard unit in Massachusetts. Teixeira was taken into custody over the leaks and faces substantial prison time if convicted.

May 16, 2023 Posted by | Economics, Militarism, War Crimes | , | Leave a comment

Ukraine war: The short view

BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | MAY 12, 2023 

Ukraine President Vladimir Zelensky has somewhat eased the suspense by his remark to the western media on Thursday that his army needs to wait and still needs “a bit more time” to launch the much-anticipated counter-offensive against Russian forces. 

He acknowledged that Ukraine’s combat brigades are “ready” but would reason that the army still needed “some things,” including armoured vehicles that were “arriving in batches” from NATO countries.

Zelensky proffered the explanation that “we can go forward, and, I think, be successful. But we’d lose a lot of people. I think that’s unacceptable. So we need to wait. We still need a bit more time.” 

However, Zelensky’s claim that Ukraine’s military still needed some equipment is at variance with the assertive statement by western officials. None other than NATO chief Jens Stoltenberg said a fortnight ago, one full week after returning from Kiev after talks with Zelensky and his top aides, that NATO deliveries constituted more than 98 percent of the combat vehicles promised to Ukraine. 

Stoltenberg added, “In total, we have trained and equipped more than nine new Ukrainian armoured brigades. This will put Ukraine in a strong position to continue to retake occupied territory.” 

Last Tuesday, US Secretary of State Antony Blinken broadly endorsed what Stoltenberg said, during a joint press conference with the visiting UK Foreign Secretary James Cleverly, while also taking care to add a caveat: 

“They (Ukrainian military) have in place … what they need to continue to be successful in regaining territory that was seized by force by Russia… It’s not only the weapons; it’s the training. It’s making sure that the Ukrainians can maintain the systems that we provide them, and it’s important, of course, that they have the right plans, again, to be successful.” 

Cleverly agreed with the drift of what Blinken said but gave a political perspective to it. That is perfectly acceptable, since this is a war that is more political than military. 

Cleverly said people shouldn’t expect a film-like counteroffensive from Kiev. He cautioned: “The real world doesn’t work like that. I hope and expect they will do very, very well, because whenever I’ve seen the Ukrainians, they have outperformed expectations… (but we) have to be realistic. This is the real world. This is not a Hollywood movie.” 

To be fair, Stoltenberg also had cautioned on a parallel track, saying that “we should never underestimate Russia.” He claimed that Russia was mobilising more ground forces and is “willing to send in thousands of troops with very high casualty rates.” 

Perhaps, the salience of what these three officials were harping on was that no matter the outcome of the planned Ukrainian offensive,  NATO countries “must stay the course and continue to provide Ukraine with what it needs to prevail” in the face of what appears to be a prolonged conflict. Indeed, both Blinken and Cleverly are in sync with what Stoltenberg said. 

In fact, even as the two foreign ministers spoke, on the same day, the US announced an additional $1.2 billion in aid to Ukraine intended to bolster air defences and keep up ammunition supplies. 

There is a lot of angst in recent weeks as to whether a Ukrainian counter-offensive is indeed in the pipeline. The answer is a categorical ‘yes’. As to its timing, it seems there could be a difference of opinion. 

Weather conditions are no longer an insurmountable factor and Zelensky’s western sponsors want him to get going with the offensive — the sooner the better. Their calculus is that the offensive has a reasonable chance of success, which would go a long way in placating the Western domestic opinion that such costly support for Ukraine was after all not going into a bottomless pit.

Second, the offensive is useful politically to shore up European opinion. In fact, the European Commission headed by its president (and an ardent Atlanticist), Ursula von der Leyen has just confirmed that the EU is preparing to take initial steps toward adopting methods of US sanctions and impose extraterritorial (collateral) punitive measures on enterprises of third countries including those in the United Arab Emirates and possibly in Turkey. 

It seems the EU will first focus on the resale of sanctioned EU goods to Russia. In future, enterprises will be punished even if they are not based within the EU and, therefore, are not subject to EU norms. 

Indeed, such extraterritorial implementation of one’s own system of norms will be in violation of international law — and the EU itself had officially held that position up until recently — but Von der Leyen is pushing for a revised “rules-based order” to add a new cutting edge to the western strategy to weaken Russia. 

The underlying assumption is that the sanctions will weaken the Russian economy and create social disaffection. It only goes to show that no matter the fate of Zelensky’s counter-offensive, there isn’t going to be any let-up in the proxy war against Russia. On the other hand, no one can blame President Biden for a Ukrainian defeat, either.

However, there is a catch: Zelensky also has his priorities — first and foremost, his own political survival. He knows that his narrative about an impending Russian defeat, et al, has unravelled and he may become the fall guy in any blame game in the aftermath of a crushing defeat in the crucial weeks or months ahead. 

Indeed, the Game of Thrones in Kiev is nearing a critical stage. Sensing danger, Zelensky is dithering. He is buying time. (General Valerii Fedorovych Zaluzhnyi, chief of Ukraine’s armed forces, skipped a NATO meeting!) But how long can Zelensky push back the mounting US and NATO pressure to launch the offensive? His exit strategy could have been to open a line to Moscow but that option no longer exists.

On its part, Russia is doing brilliantly well to keep its cards close to its chest. Russia has the capability to launch a “big arrow” offensive towards the Dnieper but Kremlin’s preference is to continue to grind down the Ukrainian military — a strategy that proved cost-effective in human and material terms, productive, and is sustainable. 

Depending on the trajectory of the Ukrainian offensive, therefore, Russia has the option to switch to a massive attack to pulverise the adversary. Presently, its heavy bombing campaign is intended to create shock and awe in Kiev and despondency in the European capitals, and to degrade Ukraine’s mobilisation. The West is kept guessing about the Russian intentions.   

May 13, 2023 Posted by | Economics, Militarism | , , , | Leave a comment

Historical anomaly of unipolarity has indisputably ended

By Andrew Korybko | Global Times | May 11, 2023

There’s a heated debate in the US nowadays about the future of global affairs. Some believe that what’s been described as their country’s unipolar moment is ending and giving way to multipolarity, while others believe that the US remains the world’s most comprehensively powerful country by far. Understanding the current state of international relations can provide policymakers with a clear and accurate picture of the world they are dealing with. This knowledge can help them make informed decisions and take appropriate actions. Americans first began worrying that their country’s predominant role was fading around the start of the Obama administration, which coincided with the 2008 financial crisis. For various reasons, some related to partisan opinions and others to compelling observations about the evolving world order, these concerns continued through the Trump administration and into the incumbent Biden one, but they were recently exacerbated by the start of conventional hostilities between Russia and Ukraine last year.

Several factors since then contributed to raising worldwide awareness of multipolarity, which simply refers to the system of international relations where there isn’t a hegemon like the US was after 1991 or aren’t two superpowers like there were from 1945 up until that year prior to the Soviet Union’s dissolution. Perhaps the most visible one concerns the documented fact that only a little more than three dozen countries joined the US in imposing sanctions against Russia and/or arming Ukraine.

The rest of the world remains neutral in practice despite most countries voting against Russia at the UN General Assembly, which in hindsight didn’t signal the change in policy toward Moscow that the US expected at the time. Some states might have been pressured to vote that way while others wanted to peacefully signal their disagreement with Russia for its military operations in Ukraine. Either way, the lack of any subsequently punitive consequences like those that the US demanded spoke volumes.

This observation is all the more impressive when remembering that many of these same neutral states are comparatively medium- and smaller-sized ones with economies that aren’t anywhere near as large as the US’. The importance in pointing this out is to show how surprising it is that the US couldn’t successfully pressure them into sanctioning Russia and/or arming Ukraine, which speaks to the very real limits of its influence nowadays.

China is already the top trade partner of practically every Global South country, which imbues them with the confidence to refuse the US’ political demands since their leaders believe that they could weather whatever sanctions it could threaten against them as punishment for their defiance. Meanwhile, India’s example of successfully resisting American pressure to sanction Russia and arm Ukraine despite its close ties with the US reassured other states that their own ties with it probably won’t suffer as a result either.

America has a track record of abusing developing countries in myriad ways, including through information warfare, political meddling, and strings-attached loans.

Many of these countries have become deeply resentful of the US after seeing how terribly it treated their beloved homeland, the sentiment of which their leaders sought to channel in strengthening their states’ strategic autonomy upon being given the chance to do so. The start of last year’s conventional Russia-Ukraine hostilities served as the perfect opportunity to do so in a way that would attract the rest of the world’s attention, inspired as they were by independent giants like China and India.

Besides,  the center of global economic gravity is shifting away from the Atlantic and toward the Asia-Pacific over the past few decades. This is directly due to the rise of those two aforementioned giants, but especially China, whose Belt and Road Initiative (BRI) investments helped the rest of the Global South rise as well in its wake. With economic strength comes political influence, and the BRICS countries of which China, India, and Russia are a part want to reform the world.

They rightly concluded that the US-led unipolar system only serves that hegemon’s interests. Such a system is dictatorial due to the US aggressively enforcing its so-called “rules” onto everyone else, unequal in the sense that the West’s economic rise is entirely due to exploiting the Global South, and unjust because international law is wantonly violated by the US. Accordingly, the BRICS are leveraging their economic strength to accelerate reforms aimed at making international relations more democratic, equal, and just.

All Global South states will benefit once the BRICS succeeds with this noble goal, though expectations should responsibly be tempered since it’ll still likely take a lot of time for them to institutionalize their envisaged changes. Nevertheless, the wide awareness of those countries’ selfless mission to humanity was another reason why all of the Global South defied the US at once since they wanted to signal their support for the emerging multipolar world order that’s rapidly replacing the unipolar one.

And finally, everyone apart from the most media-indoctrinated people in the West knows that the world was multipolar for ages, thus meaning that the prior unipolar period that began after 1991 with the Soviet Union’s dissolution is literally a historical anomaly. Never before was the whole world under the control of a single country, but this happened as a result of unique circumstances, not due to the US being “exceptional” like its leaders ridiculously claim.

With this in mind, the entire Global South has an interest in returning international relations to their normal multipolar model that was in place for centuries prior to three decades ago, which is but a very brief moment in terms of the historical spectrum. Their leaders saw that the opportunity to speed up the so-called “return of history” appeared last year with the start of conventional Russia-Ukraine hostilities, which unprecedentedly accelerated the global systemic transition back to multipolarity.

Returning back to the debate that was referenced in the introduction, those Americans who still believe that unipolarity exists therefore aren’t accounting for any of the factors shared in this analysis. Upon doing so, the honest ones among them will realize that this historical anomaly has indisputably ended and been replaced by multipolarity, thus restoring balance to international relations. The global systemic transition still continues, however, since the latest manifestation of multipolarity hasn’t yet fully formed.

The author is a Moscow-based American political analyst. This is the third piece of the “Quest for multipolarity” series. opinion@globaltimes.com.cn

May 13, 2023 Posted by | Economics | , , , | Leave a comment

Multipolarity is the future for the Arab world

By Ebrahim Hashem | Global Times | May 9, 2023

Until recently, some in the old world hoped that the Arab world would become hopeless and mired in forever chaos so that they could forever exploit it. However, considering the recent tectonic economic and geopolitical shifts, many are now starting to view the region differently.

While the Chinese, Indians, Russians, Africans, South Asians and many others already consider Arabs as a pole, some hegemonists in the West hubristically demand that the Arabs abandon their national interests and be subordinated to foreign powers. They are out of touch with reality; their mindset is still stuck in the 19th and 20th centuries. While the Arab leaders, supported by most Arab people, want to maintain strategic autonomy, and make the Arabs a pole in the current fluid world order, some in the West want to hijack Arab sovereignty and bring back their hegemony to the region.

Over the last 20 years, they have futilely tried to force the Arabs to give up their sovereignty and subordinate their strategic objectives to those of foreign powers. They misjudge Arabs’ pride in their identity and place in world history. They underestimate the strong desire and high aspirations of the Arabs to be an important player in the new world order. When dealing with the Arabs, they still use the outdated mental models of a bygone era.

Those who are covertly trying to subvert Arab societies and working against Arab unity and regional integration are not afraid of what the Arab world is today. They are terrified by the positive prospect of what the Arab world is becoming; they are intimidated by what the Arab world can become if the Arabs continue to successfully pursue and achieve their ambitious development plans. They narrow-mindedly think that a strong Arab world is bad for them and delusionally believe they can stop Arab progress.

Just as they consider China’s development and prosperity a problem for their position in the world, they consider the Arab world’s development and prosperity a problem for their regional and global position. This is something both the Arabs and Chinese recognize. However, the Chinese are more vocal than the Arabs in expressing their opposition to this myopic worldview. This is also one reason the Arabs and Chinese empathize with each other. They see the same forces, using different tactics and strategies, trying to disrupt their legitimate development.

It is too late now to stop the Arabs from developing and fulfilling their aspirations. The covert operations of the “Arab Spring” have failed miserably to achieve the Western agenda in the region. Instead, they have caused a sharp political reawakening among the Arabs. The Arabs’ rising agency and strengthening strategic independence in the current great power rivalry is proving that it is terribly hard for external factors to prevent the Arabs from achieving their rightful goals of development and prosperity.

The Arabs have what it takes to be an important player in the new emerging world. Their natural and human resources, geography, history, and civilization enable them to be an independent pole that can confidently deal with the rest of the world based on mutual respect and interest. With a population of more than 450 million – around 60 percent of whom are under the age of 25 – and a geographic area of over 13 million square kilometers, the Arabs would be ranked the 3rd and 2nd in the world, respectively. Most Arabs share the same religion, history, culture, and language.

The Arab world’s combined nominal GDP of around $3 trillion would make the Arabs among the top eight economies in the world. When measured in Purchasing Power Parity (PPP) terms, the combined economic output of the UAE, Saudi Arabia and Egypt alone would make them one of the top six global economies. The Arab world is in the center of global trade routes; it is the place where the three continents of Asia, Africa and Europe intersect. The Arabs administer some strategically important maritime trade chokepoints such as Bab Al-Mandab and Suez Canal, through which around 12 percent of global trade and approximately 30 percent of global container traffic pass.

Saudi Arabia is the world’s largest oil exporter and three other Arab countries, namely the UAE, Iraq and Kuwait, are constantly among the top oil producers in the world. The Arab region contains more than 40 percent of the world’s proven oil reserves and supplies more than 31 percent of importing countries’ oil needs. It has a quarter of the world’s proven reserves of gas and generates more than 15 percent of the world’s total gas production.

The world is already in a de facto multipolar state. While most nations accept this reality and try to make it work, some in the US, supported by a tiny group of peers in the West, still have the delusion of bringing back unipolarity and hegemony. This delusion is one reason why there are conflicts in the Middle East and the world today.

If the Arabs are serious about their intention to be a pole in the new multipolar world, they should never ever allow any power to have dominance in their region. Recent regional trends bode well for the Arabs. In addition to the traditional powers of the West, re-emerging and rising powers such as China, India and Russia are becoming important players in the region. Both China and Russia have confirmed their status as serious power brokers in the Middle East for their important contribution to Saudi-Iran reconciliation and Syria’s regional renormalization, respectively. Recently, the freeze on Syria’s Arab League membership has been lifted, adding impetus to the positive momentum that has been building up across the Arab world.

The Arabs have learnt some hard lessons over the last 20 years. To be a well-established pole in the increasingly multipolar world, the first step the Arabs should take is to diversify their sources of security – never ever rely on one partner or one bloc of partners for security. Moreover, drawing on the comparative advantages of various Arab countries, the Arabs must accelerate the process of building indigenous capabilities and expedite the implementation of regional integration initiatives. The new emerging world demands that Arabs join forces and rally behind this new vision. For the world order to be truly multipolar, the Arabs must coalesce and unite as one pole in it.

The author is former adviser to the chairman of the Abu Dhabi Executive Office, an authority responsible for Abu Dhabi’s long-term strategies, and former head of the strategy division of Abu Dhabi National Oil Company (ADNOC). He is a China-based strategist and Asia Global Fellow at the Asia Global Institute of the University of Hong Kong. This is the first piece of the “Quest for multipolarity” series. opinion@globaltimes.com.cn

May 12, 2023 Posted by | Economics, Timeless or most popular | , , | Leave a comment

US mulls sanctioning Arab League for Syria normalization efforts

By Drago Bosnic | May 12, 2023

There are very few things that have been as unifying for America’s political establishment as the belligerent thalassocracy’s propensity to impose sanctions. Republicans and Democrats will almost always be at each other’s throats for virtually any issue, but when it comes to sanctions, particularly against the Syrian people, their unity is unquestionable. For well over a decade, the unfortunate Middle Eastern country has been at the forefront of Washington DC’s regime change efforts, with the United States using everything from sanctions and financing various “moderate democratic opposition forces” (i.e. head-chopping terrorists) to direct attacks on Syria and its armed forces.

Unfortunately, the Arab League actively took part in this comprehensive attack on a fellow Arab country and it took years of active Russian and Chinese diplomatic efforts to have the organization reengage with Damascus. In the last couple of months, there have been several major breakthroughs in this regard, culminating with announcements that Syria will be readmitted into the organization. President Bashar al-Assad even visited several prominent Arab countries, some of which previously played an extremely active role in attempts to oust him. The likes of the United Arab Emirates and Saudi Arabia went from “Assad must go!” to “We’re happy to see Assad stay” in mere months.

And while Damascus must tread carefully when reengaging countries that actively took part in a comprehensive aggression against it, this opportunity is something that should not be missed. As previously mentioned, it was only thanks to the sustained diplomatic efforts of the multipolar world that this inter-Arabic conflict came to an end, inflicting a devastating blow to US plans for Syria’s destruction. However, the warhawks in Washington DC are far from giving up. Top GOP and DNC members of the House Foreign Affairs Committee are pushing for a bipartisan initiative to sanction anyone taking part in Syria’s full diplomatic reinstatement. Since May 8, they made several announcements about this.

The bipartisan group is now urging President Joe Biden and his deeply troubled administration to impose “crippling sanctions” on any state or entity engaged in attempts of normalizing relations with Syria. Expectedly, the initiative is led by one of the most prominent neocon warmongers, Texas Republican Michael McCaul.

“Readmitting Assad to the Arab League is a grave strategic mistake that will embolden Assad, Russia, and Iran to continue butchering civilians and destabilizing the Middle East,” McCaul and Gregory Meeks (NY DNC Rep.) said in a statement, further adding: “The United States must fully enforce the Caesar Act and other sanctions to freeze normalization efforts with this war criminal.”

The aforementioned Caesar Act, hypocritically designated as the so-called Syria Civilian Protection Act of 2019, is a US legislation that sanctions the Syrian government, including President Bashar al-Assad himself, for bogus “war crimes”. It was signed into law in December 2019 and came into force on June 17, 2020. The illegal exterritorial legislation targets virtually the entire Syrian industrial capacity, including its ability to build and maintain infrastructure, as well as energy production. It also targets individuals and businesses accused of allegedly “funding or assisting the President of Syria”. This also includes entities from other countries, including Russian and Iranian companies taking part in the reconstruction efforts in Syria.

Essentially, the Caesar Act adds insult to injury in terms of well-over-a-decade-long unprovoked US aggression on Syria by imposing economic sanctions that are specifically designed to prevent the rebuilding of the devastated country, further prolonging the suffering of the Syrian people. Worse yet, all this is done under the endlessly hypocritical pretext of “protecting” the same people whose lives it has been destroying for more than ten years. The US political establishment decided to keep enforcing the illegal sanctions even after the disastrous earthquake that killed thousands and left tens of thousands homeless in the already ravaged country. It has also prevented or at least significantly complicated international relief efforts.

However, it seems the Caesar Act will soon be used against US “partners” that have been nearly 100% compliant up until recently. This includes Saudi Arabia and Jordan, both of which still have extremely close relations with the Pentagon. On May 9, Damascus and Riyadh formally announced the restoration of their official diplomatic relations. The move is directly tied to Syria’s readmission to the Arab League.

“The State Department denounces Syria’s readmission to the Arab League. We do not believe that Syria merits this decision by the Arab League at this time,” State Department spokesman Vedant Patel said on May 8, adding: “We continue to believe that we will not normalize our relations with the Assad regime, and we don’t support our allies and partners doing so either.”

As previously mentioned, sanctions are not the only way in which the US is conducting its well-over-a-decade-long and truly unprovoked aggression on Syria. The Pentagon has approximately 1000 soldiers illegally occupying nearly all of eastern Syria, as well as an occupation force in the area around their base of Al-Tanf. The forces deployed in the east are openly stealing Syrian oil, while those in Al-Tanf are training and equipping several US-backed terrorist groups whose sole purpose is to continue destabilizing the country. If Syria normalizes relations with virtually the entire Middle East, this could severely undermine US efforts to keep its war on Syria going on indefinitely. This is yet another proof that war, death and destruction are the primary “export commodities” of the world’s terrorist No. 1.

Drago Bosnic is an independent geopolitical and military analyst.

May 12, 2023 Posted by | Economics, Wars for Israel | , , , , , | Leave a comment

US congressman explains ‘blowing up’ Taiwan comment

RT | May 11, 2023

US Representative Seth Moulton on Thursday accused the Chinese government of twisting his remarks about destroying the Taiwanese semiconductor industry in order to ruin Washington’s relations with Taipei.

“One of the interesting ideas that’s floated out there for deterrence is just making it very clear to the Chinese, that if you invade Taiwan, we’re gonna blow up TSMC,” the Massachusetts Democrat had said on May 2, at a conference in California. TSMC stands for Taiwan Semiconductor Manufacturing Company, which makes the majority of the world’s advanced chips.

By May 6, a video clip of that remark was circulating on Douyin, the Chinese version of TikTok. On Thursday, Moulton claimed the Chinese Communist Party “selectively clipped my comments, spread them on social media, and attempted to undermine the US-Taiwan partnership.”

“The CCP has once again tried to divide the US and Taiwan using disinformation by deliberately taking a comment of mine out of context,” he told Taipei’s Central News Agency (CNA).

Moulton did not deny he said what he said, but insisted he was trying to discuss ideas on “how to convey to the CCP the enormous costs they would incur if they choose to invade Taiwan.”

Asked about the comment on Monday, Taiwanese Defense Minister Chiu Kuo-cheng said the island’s military “will not tolerate any others blowing up our facilities.” On Wednesday, Foreign Minister Joseph Wu Jaushieh told reporters that some media outlets may have succumbed to “China’s cognitive warfare” by quoting Moulton’s partial remarks.

Moulton had spoken at a panel during the Milken Institute’s 2023 Global Conference in California. After bringing up the destruction of TSMC, he added, “I just throw that out, not because that’s necessarily the best strategy, but because it’s an example. Of course, the Taiwanese really don’t like this idea, right?”

“This is a terrible idea,” replied fellow panelist and former Pentagon official Michele Flournoy.

“I’m not promoting the idea. I’m not promoting the idea,” Moulton said in response. “What I’m saying is these are some of the things that are actually actively being debated amongst US policymakers.”

The US Army War College published a paper in 2021 that suggested destroying TSMC as part of a “scorched-earth” tactic the US and Taiwan could embrace to deter China from seizing the island by force.

Beijing considers Taiwan a part of China, to be reintegrated – preferably peacefully – at some point. The island is currently ruled by descendants of the Nationalists who lost the Chinese civil war and were evacuated by the US from the mainland in 1949.

May 11, 2023 Posted by | Economics, War Crimes | , | Leave a comment

US confiscates assets of Russian businessman for ‘rebuilding Ukraine’

Press TV – May 11, 2023

The US Justice Department has announced the first transfer of assets illegally confiscated from a Russian businessman to a fund purportedly intended for “rebuilding Ukraine” amid its persisting efforts to punish entities on good terms with Moscow.

US Attorney General Merrick Garland declared in a statement on Wednesday the first transfer to the Ukraine fund of assets seized from the US accounts of Russian businessman Konstantin Malofeyev, who Washington has accused of funding pro-Russian forces in Crimea in 2014.

“While this represents the United States’ first transfer of forfeited Russian funds for the rebuilding of Ukraine, it will not be the last,” Garland boasted in what appears as more of a pro-Kiev publicity move.

Last year, the US Justice Department pressed charges against Malofeyev — a Russian banker whose business interests include the pro-Moscow Tsargrad media group, described by American officials as “one of the main sources of financing” Russian interests in eastern Ukraine and Crimea — for violating sanction against Russia.

At that time, Garland further claimed that millions of dollars had been seized “from an account at a US financial institution traceable to Malofeyev’s sanctions violations.”

Moscow has repeatedly warned that the US-led sanctions imposed against Russia as well as the massive transfer of advanced weaponry to Ukraine will further prolong the war and add to the casualties that have reached several hundred thousand since the Ukraine conflict began in February 2022.

Garland’s announcement came a day after Russian President Vladimir Putin lashed out at Western governments for unleashing a “real war” against his country, vowing that the battle with the US and its allies over Ukraine will end in Russia’s victory.

“Today, civilization is again at a decisive turning point. A real war has been unleashed against our homeland,” Putin said in a Tuesday address on Moscow’s Red Square marking the anniversary of Russia’s victory over Nazi Germany in World War Two.

He also vowed to continue to defend the pro-Russian population in eastern Ukraine and protect Moscow’s interests against Western ambitions.

Putin further slammed “Western global elites”, saying they are “sowing hatred, Russophobia, and aggressive nationalism.”

The development also came after US President Joe Biden called on the nation’s divided Congress to make it easier to transfer confiscated assets of Russian businessmen to Ukraine. In December 2022, Congress passed a law that allowed certain assets seized by the Justice Department to be funneled to Ukraine via the US Department of State.

Among the Russian assets seized by Washington was a fleet of super yachts, including a 106m (348-foot) vessel owned by Suleiman Kerimov valued at over $300m, which had been docked in Fiji.

It is quite unclear, however, how the assets transferred in this case will be used by Ukraine or when they will be available to Kiev. This is one of the issues G7 finance ministers gathering in Japan for a meeting, ahead of the leaders’ summit in Hiroshima later this month, will be discussing.

May 11, 2023 Posted by | Economics | , , | Leave a comment

America faces major hurdles trying to form ‘Asia-Pacific NATO’

By Drago Bosnic | May 11, 2023

While serving as the UK Foreign Secretary, Liz Truss pompously announced that so-called “Global NATO” was in the making, while also calling for the United Nations to be reformed to the political West’s liking (although quite the opposite is sorely needed). However, the ever-belligerent power pole seems to be having trouble forming even the “Asia-Pacific NATO”, let alone a global organization that would gather virtually all of Washington DC’s vassals and satellite states. The main issue seems to be stemming from the unresolved historical disputes of the Second World War and the way it affected the Asia-Pacific region.

It should be noted that attempts to create a NATO equivalent in the region are hardly new. The United States has been trying to accomplish this for decades during the (First) Cold War. However, the deals would usually fall apart faster than it took them to be signed by all parties involved. Such disunity greatly contributed to the humiliating defeat of US aggression in Vietnam/Indochina half a century ago. Nowadays, similar disunity is once again emerging among America’s East Asian satellite states, specifically between South Korea and Japan. The US insists that the two countries should set their differences aside and go for a historical push that would lead to complete reconciliation.

However, numerous Japanese war crimes during WWII (as well as in the decades prior) are deeply ingrained in the minds of the Korean people, on both sides of the 38th parallel. In fact, it’s one of the few things both Seoul and Pyongyang actually agree on, albeit tacitly. A recent South Korean court case was supposed to resolve the issue of several major Japanese companies using forced labor in Korea during WWII, but Tokyo was still left unscathed by the process, which angered many Koreans. South Korean President Yoon Suk-yeol dubbed the court decision “a step towards trilateral cooperation to defend freedom, peace and prosperity not only in our two countries, but also around the world”.

The “trilateral cooperation” he was referring to is between the US, Japan and South Korea. However, only a third of South Korean citizens support the deal, as they consider it didn’t truly address Japanese war crimes. Worse yet, this isn’t the first time such deals have fallen through. In 2015, a similar arrangement regarding the so-called “comfort women battalions”, another Japanese war crime that went largely unpunished, collapsed shortly after it was announced, as the vast majority of South Koreans rejected the deal. On the other hand, Japan considers this to be a “case closed”, further antagonizing the (rightfully) angered Korean people who suffered tremendously during decades of Japanese occupation.

To add insult to injury, South Korea is doing all this so it could firmly join an explicitly anti-Chinese coalition (and also implicitly anti-Russian), becoming the first country in the line to get quite literally obliterated in a possible superpower confrontation, as if the US inability to deal with North Korea wasn’t enough already. And while Seoul might feel “motivated” by incessant US pressure, the people of South Korea are wholly unmoved. They see China as an important trade partner, as well as a virtually endless market for South Korean pop culture. Thus, they have no interest in an open confrontation (or any other kind) with their giant neighbor. On the contrary, they prefer the current status quo.

The US is worried this could greatly weaken their ability to form a wider and more compliant anti-Chinese coalition. For years, Washington DC has been trying to enlist Beijing’s neighbors in a “freedom and democracy alliance”, the bulk of which would be composed of Japanese and South Korean forces. Precisely this is the reason why Tokyo started a massive rearmament program last year, while Seoul engaged its fast-growing domestic military-industrial complex to arm several key US vassals around the world (particularly Poland). However, the question remains, how ready this anti-Chinese/anti-Russian coalition would be to deal with powers that make North Korea’s nuclear program look like a footnote?

America’s usual warmongering doesn’t only bring instability to the region that enjoyed decades of relative peace, prosperity and economic cooperation, but it also risks leading to the complete fracturing of US-imposed alliances, which itself could backfire and cause Washington DC to lose influence in the region. Naturally, this would be fantastic for the advancement of actual peace, but it makes America’s foreign policy framework look completely self-defeating and even suicidal. Similar efforts have already led to such results, with the Quad (Japan, UK, US, India) effectively dead as New Delhi has outright rejected anti-Russian rhetoric. The only exception to this is the AUKUS (Australia, UK and US), but even this alliance has created issues with other US partners.

Apart from being virtually redundant, as the so-called Five Eyes (UK, US, Canada, Australia, New Zealand) covers its functions, AUKUS created a lot of controversies after Australia backed out of the extremely lucrative submarine deal with France and opted for an arrangement with its Anglo-American overlords. This didn’t only make Canberra look like an outright satellite state, but also made Paris deeply frustrated, which might have contributed to its (for now only apparent) tilt towards Beijing, the very superpower AUKUS is aimed against. Such dictatorial US moves are creating multilayered problems in other geopolitical theaters as America is effectively forcing others to prioritize its national interests over their own.

Drago Bosnic is an independent geopolitical and military analyst.

May 11, 2023 Posted by | Economics, Illegal Occupation, Militarism, Russophobia | , , , , | Leave a comment

Serbian president reveals what West wants him to do

RT | May 9, 2023

The West has not given up on steamrolling Serbia into imposing sanctions on Russia, the country’s president, Aleksandar Vucic, has revealed. However, he said Belgrade has so far been able to resist the pressure.

Speaking to Serbia’s Happy TV channel on Monday, Vucic said that “whoever comes [to Belgrade feels their] first obligation is to explain to me that I am a jerk who did not introduce sanctions.”

The Serbian head of state acknowledged that he had already gotten used to constant “pressure [and] ultimatums” from Western representatives.

Last month, the European Parliament’s Foreign Affairs Committee slammed Serbia for its failure to join the EU sanctions against Russia, and urged Belgrade to shut down Russian “disinformation” outlets, including RT Balkans.

The US State Department also called for a ban on the media outlet, which began broadcasting in November 2022.

Speaking in mid-March, President Vucic reiterated that his government’s “position is to not impose sanctions” on Moscow over its actions in Ukraine. He made it clear that this could be changed only in “circumstances when there is no way out.”

His remark came in response to calls made earlier that month by the country’s Economy Minister Rade Basta on social media. Basta argued that Belgrade should impose punitive measures because Western pressure was becoming unbearable.

The minister quickly came under fire from within his own party for his comments.

Serbia has resisted pressure from the EU and the US to sanction Russia, citing, among other things, the apparent discrepancy between Western demands that Belgrade recognize the independence of the breakaway province of Kosovo and their simultaneous insistence on Ukraine’s territorial integrity.

May 9, 2023 Posted by | Economics, Full Spectrum Dominance | , , | Leave a comment

Biden unilaterally extends ‘national emergency’ targeting Syria

The Cradle | May 9, 2023

On 8 May, US President Joe Biden signed a new one-year extension for the “national emergency” declared concerning Syria, just one day after the Arab League approved Damascus’ reentry to the bloc despite Washington’s objections.

Initially signed in 2004 by former president George W. Bush, Executive Order 13338 classified Syria, a nation nearly 10,000km away from Washington, as an “unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.”

“The United States will consider changes in policies and actions of the Government of Syria in determining whether to continue or terminate this national emergency in the future,” Biden’s letter concludes.

On Sunday, White House officials confirmed that crushing US sanctions on Syria would continue to be enforced despite an ongoing push by the Arab world to normalize ties with the war-torn country.

“We do not believe that Syria merits readmission to the Arab League at this time, and it’s a point that we’ve made clear with all of our partners,” US State Department spokesperson Vedant Patel said on 7 May.

Since 2011, Syria has been the setting of a brutal war sponsored by several members of NATO and regional nations like Qatar and Saudi Arabia. This includes the ongoing occupation of large swathes of its territory by the US and Turkiye and the plundering of its natural resources and humanitarian aid by anti-government militias.

While the CIA was tasked with arming and training extremist groups in Syria since late 2012, US troops officially entered the fray once Damascus asked for Russia’s help to push back against ISIS in 2015.

Seeing the gains the Syrian and Russian armies made against ISIS and other armed groups, the US partnered with the Kurdish People’s Protection Units (YPG) to create the Syrian Democratic Forces (SDF), effectively starting a race for control of Syria’s resource-rich Deir Ezzor and Hasakah governorates.

Around 900 US troops are still present in Syria. Their deployment is illegal under international law, as the government in Damascus did not approve it.

Moreover, former US presidents Barack Obama and Donald Trump deployed the troops without congressional approval, abusing the Authorization for Use of Military Force (AUMF) passed in 2001 in the wake of the 11 September attacks.

May 9, 2023 Posted by | Economics, Illegal Occupation, Wars for Israel | , , , | Leave a comment

EU plans to punish China for trade with Russia – FT

RT | May 8, 2023

The European Union is seeking to tighten its economic screws on Russia by sanctioning Chinese companies that conduct trade with Moscow, the Financial Times reported on Sunday.

Seven Chinese businesses have been named in a new package of restrictions that the EU member states will discuss this week, the report says, citing a copy of the sanctions list seen by the paper.

According to the FT, the list includes two mainland Chinese companies, 3HC Semiconductors and King-Pai Technology, and five from Hong Kong, including Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry, and Alpha Trading Investments.

To take effect, the new sanctions need to be unanimously approved by all 27 EU member states.

The businesses have reportedly been accused of selling equipment that could be used by Moscow in weapons manufacturing. Some of these companies have already been placed under sanctions by the US.

The European Commission believes it is “appropriate” to target certain entities “in third countries involved in the circumvention of trade restrictions” against Russia, the FT quoted the sanctions proposal as saying.

Until now, the FT noted, the EU has avoided targeting China, saying there was no evidence that Beijing was directly providing weapons to Moscow.

The EU has so far imposed 10 rounds of economic sanctions against Russia over its military operation in Ukraine.

The EU’s chief diplomat, Josep Borrell, admitted last month that the bloc had nearly exhausted its options for punitive measures against Moscow.

Since then, it has been reported that EU lawmakers are considering targeting third countries that re-export goods to Russia, thus helping Moscow to circumvent trade restrictions.

China is insisting on a diplomatic solution to the Ukraine conflict, and proposed a 12-point peace plan in February, calling for the security concerns of each side to be addressed. Josep Borrell dismissed Beijing’s proposals last week as “wishful thinking” and insisted that any peace plan must be based on Kiev’s demands.

May 8, 2023 Posted by | Economics | , | Leave a comment