UK’s Johnson fails to secure public oil rise pledges after talks with Saudi, UAE
MEMO | March 16, 2022
British Prime Minister, Boris Johnson, held talks about energy security on Wednesday with the de facto leaders of Gulf oil exporters, Saudi Arabia and the United Arab Emirates, but secured no public pledge to ramp up production, Reuters reports.
Johnson’s trip to Abu Dhabi and Riyadh was aimed at securing oil supplies and raising pressure on President Vladimir Putin over Russia’s invasion of Ukraine, which led to sweeping Western sanctions on Moscow and soaring world energy prices.
Johnson’s office said that, in his meeting with Abu Dhabi Crown Prince, Sheikh Mohammed bin Zayed Al-Nahyan, he stressed the need to work together to stabilise global energy markets.
After his talks in Riyadh with Saudi Arabia’s Crown Prince,Mohammed bin Salman, Johnson was asked whether the Kingdom would increase oil production.
“I think you’d need to talk to the Saudis about that. But I think there was an understanding of the need to ensure stability in global oil markets and gas markets,” he said.
So far, Saudi Arabia and the UAE, whose close ties with Washington are under strain, have snubbed US pleas to ramp up oil production to tame the rise in crude prices that threatens global recession after the Russian offensive in Ukraine.
“The world must wean itself off Russian hydrocarbons and starve Putin’s addiction to oil and gas,” Johnson said before his meetings. “Saudi Arabia and the United Arab Emirates are key international partners in that effort.”
The two Gulf States are among the few OPEC oil exporters with spare oil capacity to raise output and potentially offset supply losses from Russia. But they have tried to steer a neutral stance between Western allies and Moscow, their partner in an oil producers’ grouping known as OPEC+.
The group has been raising output gradually each month by 400,000 barrels a day, resisting pressure to act more quickly.
The UAE remains committed to the OPEC+ deal, a source with knowledge of the matter told Reuters before the meeting.
It has deepened ties with Moscow and Beijing in the last few years and abstained, last month, in a US-drafted United Nations Security Council resolution to condemn the invasion of Ukraine, which Russia has described as a “special military operation”.
Johnson “set out his deep concerns about the chaos unleashed by Russia’s unprovoked invasion, and stressed the importance of working together to improve stability in the global energy market”, his office said after his talks in Abu Dhabi.
Johnson and the Crown Prince also agreed on the need to bolster security, defence and intelligence cooperation to counter threats,including from Houthi forces who have fought a lengthy conflict in Yemen against Saudi and UAE forces.
Saudi executions
Johnson is only the second major Western leader to visit Saudi Arabia since journalist, Jamal Khashoggi’s 2018 killing by Saudi government agents in Istanbul.
The CIA concluded that the Prince approved an operation to “capture or kill” Khashoggi. He has denied any involvement in the killing.
The Prime Minister’s trip also came just four days after Saudi Arabia executed 81 men, the largest number in a single day for decades, for offences ranging from joining militant groups to holding “deviant beliefs”.
Asked about criticism of Saudi Arabia’s human rights record, Johnson said: “I’ve raised all those issues many, many times over the past … and I’ll raise them all again today.
“But we have long, long standing relationships with this part of the world, and we need to recognise the very important relationship that we have … and not just in hydrocarbons.”
Saudi press agency, SPA, said Johnson and Prince Mohammed discussed the conflict in Ukraine and international issues, adding that Saudi Arabia and the United Kingdom signed a memorandum of understanding to establish a strategic partnership.
Sanctions hurt everyone, but Russia will prevail: Putin
Samizdat | March 16, 2022
Western sanctions are a blow to Russia, but also hurt the entire global economy, Russian President Vladimir Putin said during a government meeting on Wednesday.
“As their weapons, [Western states] choose economic, financial, trade and other sanctions against Russia. They are now backfiring on the Europeans and Americans through rising prices for gasoline, energy, food, and job losses associated with the Russian market,” Putin said.
He noted that the current situation is a lesson for Russian entrepreneurs, who should learn to choose partners wisely, keeping in mind that “there is nothing more reliable than investments at home.”
“We see the position of those foreign companies that, despite the shameless pressure … continue to work in our country. In the future, they will certainly receive additional opportunities for development. We also know those who cowardly betrayed their partners, forgot about their responsibility to employees and clients in Russia, and hurried to earn illusory dividends by participating in the anti-Russia campaign,” Putin said, pointing out, though, that “unlike Western countries” who were quick to freeze the assets of Russian firms, “We will respect the right to property” of foreign businesses working in Russia and abstain from nationalizing their assets.
The Russian president described the sanctions policy implemented by the US, EU, and allies as a deliberate “blow to our entire domestic economy, to our social humanitarian sphere, to every family, every citizen of Russia.” He emphasized that it’s “a conscious, long-term strategy [to] weaken Russia,” which had been in the works long before Moscow launched its military operation in Ukraine.
However, Putin also said that Russia can stand up to sanctions pressure. Specifying that all national development goals for the country until 2030 must and will be achieved.
“Our economy, the state budget, and private businesses have all the necessary resources to solve long-term tasks. All the strategic national goals that we have set for the period up to 2030 must be achieved. The current challenges and opportunities they open up should only mobilize us,” he stated.
The president also noted, that, obviously, adjustments will have to be made to all the programs amid the current events, “and here the initiatives of business circles, scientists, and public associations are in demand.”
He warned that the new circumstances will require deep structural changes to the Russian economy, which may lead to rising unemployment and inflation, and “our task is to minimize such risks.” The head of state stressed the country needs to not only fulfill all its social obligations, but also to find new effective mechanisms to support citizens. In this regard, he called on the government to expand support for people who have lost jobs, find ways to reduce the level of poverty by the year’s end and solve logistical problems leading to price spikes.
“The current situation is, of course, a test for us all. I am sure that we will pass it with dignity – with hard work, joint work and mutual support, we will overcome all difficulties and become even stronger, as it has always been throughout Russia’s thousand-year history,” Putin emphasized.
“The Russian economy will definitely adapt to new realities. We will strengthen our technological and scientific sovereignty, direct additional resources to support agriculture, the manufacturing industry, and housing construction infrastructure,” the president added.
‘West’s global political and economic dominance ends’ – Russian President
Samizdat | March 16, 2022
Russian President Vladimir Putin has stated that the latest rounds of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin’s military campaign in Ukraine, mark the end of an era. According to Putin, from now forward the West will be losing its “global dominance” both politically and economically.
On Wednesday, the Russian head of state proclaimed that the “myth of the Western welfare state, of the so-called golden billion, is crumbling.” Moreover, it is the “whole planet that is having to pay the price for the West’s ambitions, and its attempts to retain its vanishing dominance at any cost,” Putin said.
The president predicted food shortages across the world as Western sanctions against Russia adversely affect the entire global economy.
Touching on the decision by several Western powers to freeze Russia’s central bank assets, Putin said that this would only serve to irreparably undermine trust in those nations, and make other countries think twice before placing their reserves in the care of those countries. According to him, nearly half of Moscow’s assets were “simply stolen” by the West.
Addressing people in the West, the Russian leader said the massive sanctions imposed on Russia are already backfiring on the US and Europe themselves, with governments there trying hard to convince their citizens that Russia is to blame.
Putin warned ordinary people in the West that attempts to portray Moscow as the primary source of all their woes were lies, with many of those issues being the direct result of Western governments’ “ambitions” and “political short-sightedness.”
Western elites, according to Putin, have turned their countries into an “empire of lies,” but Russia will keep on presenting its own position to the whole world, no matter what.
Sanctions on Russia damaging EU economy
By Jerome Hughes | Press TV | March 16, 2022
Brussels – As the cost of living in the EU goes through the roof, union members held a demonstration outside a meeting of EU finance ministers in Brussels on Tuesday. They want the bloc’s leaders to provide more support for EU citizens who are being hit hard by the financial ramifications resulting from the conflict in Ukraine.
Finance ministers have signed off on the 4th package of sanctions against Russia. 600 individuals have been targeted and Russian exports too. However, there is a very negative boomerang effect for the EU itself.
Russia, which is now the most sanctioned country in the world, has been removed from the so-called Most-Favoured-Nation clause relating to the World Trade Organization.
Finance ministers say €200bn worth of loans are available to EU nations most impacted by the Ukrainian refugee crisis.
Critics say, if Western leaders had shown more skill and compromise, when listening to Russia’s security concerns, the misery now being piled on Ukrainian citizens and the financial hardship being placed on EU citizens could have been avoided.
China, US keep dialogue, but ‘no respect, no cooperation’
By Yang Sheng, Wan Lin and Wang Wenwen – Global Times – March 14, 2022
China’s top diplomat Yang Jiechi met US National Security Advisor Jake Sullivan in the Italian capital of Rome Monday to exchange views on China-US relations and other international and regional issues of common concern.
Chinese analysts said the US wants to use the Rome meeting to further pressure China to serve its sanctions against Russia, but China won’t be misguided, and they slammed Washington for its arrogance in bossing other countries to unconditionally follow its strategy while showing no respect to the core interests of others.
However, the differences won’t allow the world’s No.1 and No.2 economies to cut off channels of communication, since there are many issues on which the two sides share common concerns. Experts said the scheduled Yang-Sullivan meeting, nearly four months after the virtual summit was held between the top leaders of the two countries, demonstrated that the China-US high-ranking communication mechanism is stably running and is a positive sign to the world at such a turbulent time.
The key issue of this meeting is to implement the important consensus reached by the Chinese and US heads of state in their virtual summit in November last year, Zhao Lijian, spokesperson of the Chinese Foreign Ministry, announced on Sunday.
China and the US arranged the meeting between Yang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, and Sullivan at the end of last year. Both sides have been in communication on the meeting and set the date and time, said Zhao.
The White House said in a statement on Sunday that the two sides will discuss ongoing efforts to manage the competition between the two countries and discuss the impact of the Russia-Ukraine conflict on regional and global security.
Monday’s meeting was not one that was urgently set up in response to an emergency, it had been planned long ago by the two sides according to their own schedules, Diao Daming, associate professor at the Renmin University of China in Beijing, told the Global Times on Sunday.
According to the statement from the White House, Sullivan will also meet with Luigi Mattiolo, diplomatic advisor to the Italian Prime Minister.
Diao said one important part of the discussion will address whether the consensus reached by the leaders of China and the US in their November 2021 meeting has been fulfilled and how the next step will be implemented.
“The stably sustained high-ranking communication between China and the US, the two major powers whose relations have long affected the overall development of the world, will send positive signals to the world at this time,” said Diao.
Chinese experts said the most important consensus reached by the two leaders in November 2021 is to reconfirm the US stance on supporting the one-China principle and opposing Taiwan secessionism, as this is the foundation of bilateral ties. But what the US has done indicates it will continue to be duplicitous, so based on this fact, it’s unlikely that there will be a major breakthrough to bring ties back on normal track despite the two sides maintaining dialogue.
Yang and Sullivan met in Zurich in October 2021, during which both parties had a “comprehensive and in-depth” exchange of views on China-US relations as well as international and regional issues of common concern.
Lü Xiang, a research fellow at the Chinese Academy of Social Sciences, said that the issue of common concern for both China and the US now is the conflict between Russia and Ukraine. He highlighted that the key to this issue is the strategic confrontation between Russia and the US, or NATO.
With a potentially tense conflict between Russia and the US, it is critical for the US to understand China’s position, and China also wants to know how the US will play the game under the current situation, Lü noted.
The US might expect China to be a mediator with Russia, but the US should not try to create discord between China and Russia even if it is not capable of doing so, the expert said.
The US should calm down and take a more reasonable view of bilateral relations and the global order, and it should reconsider its approaches toward both China and Russia and learn that pressure, sanctions and provocations won’t solve any problems, but only make the US suffer more, Chinese experts said.
Apart from the Russia-Ukraine conflict, other hot topics concerning regional or international relations, such as climate change, the Korean Peninsula issue and the Iran nuclear deal, could also be discussed in Monday’s meeting, according to Diao.
No respect, no cooperation
According to CNN, Sullivan said on Sunday that Russia is concerned about China’s support after the West launched sanctions against Moscow.
“We also are watching closely to see the extent to which China actually does provide any form of support, material support or economic support, to Russia. It is a concern of ours. And we have communicated to Beijing that we will not stand by and allow any country to compensate Russia for its losses from the economic sanctions,” Sullivan said.
Li Haidong, a professor at the Institute of International Relations of China Foreign Affairs University, told the Global Times, “Obviously, the US is expecting China to do unconditionally what it says or it will punish China as well. This is totally opposite to the principles of mutual respect, peaceful coexistence and win-win cooperation.”
The three principles were laid out by the Chinese side at the virtual summit between the two heads of state last year.
If the US keeps dealing with China in this way, the dialogue will be pointless and meaningless, and there is no chance that Washington will get what it wants from China, said Li, noting that this would be a tragedy of US diplomacy, and “we hope the US won’t mess up its ties with China like it did with Russia. It has made a huge mistake in dealing with Russia, and it’s making mistakes in dealing with China.”
Both China and Russia are aware of the US attempt to split them, but both sides have confidence and calmness to make the strategic partnership withstand the instigation from Washington, said analysts.
Timofei Bordachev, program director of the Moscow-based Valdai Club, told the Global Times on Monday, “A high level of trust exists between Chinese and Russian leadership. What is most important is not the efforts of the US, but how the present relationship between China and Russia fits the development goals of both nations, which do not require competition between them.”
The US is trying to force the international community to stand with it, and will not give any room for any other countries to remain neutral or stay away from joining Western sanctions and condemn Russia, just as China, India, Turkey, Israel and South Africa are doing, observers said.
These countries have their own reasons for refusing to follow Western sanctions, as they make diplomatic decisions independently based on their own interests, their understanding of the issue and fairness in international relations, rather than just simply following the US or Russia, said experts.
Observers also noted that these countries are the ones that can really contribute to mediating the conflict, as only those that are truly neutral will be accepted by the warring parties to be mediators, while the US can only worsen the situation through sanctions and supplying weapons.
Moscow reveals whether US sanctions would harm Iran deal
RT | March 15, 2022
Russian Foreign Minister Sergey Lavrov said on Tuesday that Moscow has received written assurances from the US that Ukraine-related sanctions won’t hinder its ability to trade with Iran under the terms of a new nuclear agreement. “We received written guarantees. They are included in the text of the agreement itself on the resumption of the Joint Comprehensive Plan of Action on the Iranian nuclear program,” Lavrov told reporters in Moscow.
The ‘Joint Comprehensive Plan of Action’, or JCPOA, is the official title of the 2015 Iran nuclear deal. Signed by Iran and the US, UK, Russia, France, Germany, China and the EU the deal promised Iran sanctions relief in exchange for a halt to its nuclear program. Former US President Donald Trump unilaterally withdrew from the deal in 2018, claiming that Iran was breaching its obligations, and negotiators have been meeting in Vienna, Austria and attempting to hammer out a new deal for nearly a year now.
An unnamed US official told the Wall Street Journal on Sunday that the US was not prepared to ease any Ukraine-related sanctions to save the deal, and would be open to negotiating a “replica of the JCPOA” without Russian involvement if Moscow insisted on exemptions being made.
Commenting on the reports, Lavrov suggested that Washington itself is still not ready to support the deal, and pointed out that, according to his Iranian counterpart, the problem with the agreement is in the US’ “exorbitant demands.”
Appearing beside Lavrov on Tuesday, Iranian Foreign Minister Hossein Amir-Abdollahian said that there is no link between the conflict in Ukraine and the talks in Vienna.
The Iranians have repeatedly insisted that Russia remain a part of any deal.
The Vienna negotiations have been paused since last week, but an Iranian Foreign Ministry spokesman said on Monday that they should resume shortly, when they will enter their “final, crucial steps.” Lavrov told reporters on Tuesday that he believes these talks are on the home stretch, and called on the US to “return to the legal framework of this nuclear deal” and lift “the illegal sanctions the US has imposed to hurt not only Iran and its people, but a number of other countries.”
Whither US Oil Production?
By Paul Homewood | Not A Lot Of People Know That | March 13, 2022
This single chart from the US EIA explains just why oil prices are shooting up there:
https://www.eia.gov/petroleum/production/
The oil boom initiated by Trump saw crude oil output increase by a half between 2016 and 2019.
Output naturally collapsed in early 2020 as a result of the pandemic, which affected both supply and demand. But since then output has only slowly recovered, and is still 9% below 2019 levels.
It is worth pointing out that demand in 2021 was still not back to 2019 levels. Assuming it recovers this year, it is likely to put further upward pressure on prices, unless production increases as well.
To put the numbers into perspective, the US produces a sixth of the world’s crude oil. The increase in US output between 2016 and 2019 was 205 million tonnes, and represents 5% of global output.
Small changes in supply have a disproportionate effect on international oil prices, because demand is so inelastic. An extra 5% on world production would have a significant impact on prices.
Oil price hikes hit poor countries the hardest
By Vijay Jayaraj | American Thinker | March 13, 2022
The fighting in Ukraine has intensified with Russian forces showing no signs of retreating and residents are fleeing cities.
What does this have to do with the lives of billions of people living far away from the war? Oil price increases.
The conflict has caused an increase in international oil prices, which have now crossed $130 per barrel, a 13-year high. As a result, gas prices at pumps across the globe are set to rise even further.
Being the largest consumers of automobile fuels, motorists in the U.S. and Europe are feeling significant economic pain. However, the situation is far more serious for populations of developing countries who have a much smaller buffer against life-threatening deprivation.
Take Nigeria, for example, the largest economy in Africa with $514 billion GDP. Neither the size of the economy nor the presence of crude reservoirs was sufficient to protect the country from the price shock. Nigerians already were grappling with a month-long fuel shortage due to quality-related import restrictions. While government subsidies soften the effect on users of gasoline, there is no such support for diesel.
Diesel is selling for 625 naira per liter in Lagos and Abuja, 30 percent higher than two weeks ago. Diesel prices are expected to touch 650 soon and are disrupting everyday lives. Nigeria is infamous for its energy poverty, with only 40 percent of the country’s 193 million population having access to electricity. The rising fuel costs will force many more millions into energy poverty.
In the neighboring West African country of Ghana, which is a net exporter of oil, fuel prices have risen dramatically in the first quarter and are affecting all kinds of businesses. For a country that is already in an ongoing economic crisis caused by debt distress, rising gasoline and diesel prices have become a nightmare.
Though Ghana exports high-quality crude, it has inadequate refinery capacity to convert domestic oil into finished petroleum products. Like Nigeria, it depends on imports of refined products. Currently, 80 percent of all finished petroleum products are imported. Inflation rates will be driven up by fuel prices that may increase by 6 percent, sending households into further chaos in what was originally supposed to be the fastest growing major economy in Africa.
In Asia, less-developed economies that were caught up with the decade-long green movement failed to invest in fossil-fuel technology and now face extraordinary import bills due to the rise in international crude prices.
Last month, Thailand’s inflation rose to its highest level in 13 years at 5.28 percent. Speaking to Al Jazeera, the chairman of the Thai National Shippers Council said: “The geopolitical situation, global inflation, the pandemic – Thailand still has a high number of cases – and freight costs are still very high. All of that is certain to damage our growth.”
Neighboring Philippines is in murky waters as well, with gasoline prices set to rise by 11 Phillipine pesos and eventually increase by a further 20 pesos by the end of March. A record high of 100 pesos per liter for gasoline will send small businesses and households into great distress.
In the abstract, the victims of higher energy prices are economic growth and the long-running fight against poverty, which translates into harder lives for billions of people struggling to fend off malnutrition and disease.
A simple solution would be to reverse anti-fossil fuel policies that cause shortages and to make the well-being of citizens the first priority.
Vijay Jayaraj is a Research Associate at the CO2 Coalition, Arlington, Va., and holds a Master’s degree in environmental sciences from the University of East Anglia, England. He resides in Bengaluru, India.
Biden Faces Backlash for Venezuela Talks as Caracas Demands Recognition
Venezuelan Foreign Minister Félix Plasencia argued the US needs to recognize Maduro and lift sanctions before oil shipments can restart
Venezuelan Foreign Minister Félix Plasencia participates in the Antalya Diplomacy Forum in Turkey. (@plasenciafelixr / Twitter)
By José Luis Granados Ceja – Venezuelanalysis – March 14, 2022
The Biden administration faced strong bipartisan criticism over recent direct talks with the Venezuelan government.
News outlets reported that in light of criticism from hardline sympathizers of the Venezuelan opposition, the Biden administration had suspended its direct talks with the Venezuelan government but that a deal to lift some US sanctions in exchange for restarting oil sales to the US was still on the table.
Washington recently ordered the suspension of Russian oil imports, leaving the US desperate to find other sources of crude as rising energy prices threaten to create a domestic crisis for the Democrats ahead of midterm elections in November.
Despite the lack of diplomatic relations stemming from the US’ refusal to recognize the results of the 2018 presidential election, Caracas and Washington have maintained back-channel communications. These talks led to the first direct exchange between the US and Venezuelan governments in years, which came at Washington’s request.
News of the encounter was met with a vehement condemnation from both Republican politicians such as Senator Marco Rubio and fellow Democrats such as Florida’s Debbie Wasserman Schultz, a longtime supporter of the Venezuelan opposition.
Rubio, one the most vocal champions of Venezuela’s self-declared “interim president’ Juan Guaidó, has gone on the offensive to try to preemptively stop any deal and introduced legislation to ban the import of oil from Venezuela and Iran.
Various politicians from Florida sent a letter to Biden criticizing the administration’s decision to hold direct talks with Maduro. Florida’s large Cuban and Venezuelan population and status as a “swing state” in US elections has led politicians to cater their foreign policy toward Latin America in the interest of pleasing this comparatively small constituency.
However, skyrocketing energy costs inside the US as a result of global geopolitical situation in light of the Russian military operation in Ukraine and the subsequent ban of Russian oil imports have put the Maduro government in Venezuela, which counts on the world’s largest oil reserves, in a more favorable bargaining position.
Until recent developments, the Biden White House had largely maintained its predecessor’s “maximum pressure” policy aimed at ousting Maduro, though the Financial Times reported that the administration had already been considering a change in strategy.
White House spokeswoman Jen Psaki tried to downplay the March 5 meeting that counted on the presence of Venezuelan President Nicolás Maduro and Vice President Delcy Rodríguez as well as Biden Latin America adviser Juan González.
The direct talks led to the release of US citizens Gustavo Cardenas and Jorge Fernández on Tuesday, however US State Department spokesman Ned Price denied their release was tied to a deal regarding Venezuelan oil.
For his part, Maduro called the engagement “respectful, cordial and very diplomatic” and said that the US had committed to a follow-up meeting.
The direct talks with the Venezuelan leader have undermined the US’ strategy in Venezuela and its support for Juan Guaidó, who the Biden administration insists they still recognize as “interim president.”
With Guaidó’s position under increased scrutiny, the opposition has come to rely on the US almost exclusively for its legitimacy. Senator Rubio recently admitted that a deal would mean the opposition would be “finished”.
Guaidó was not part of the talks and reportedly only learned of the high-level meeting between the US and Venezuelan governments the day of the meeting.
Sources in Venezuela’s opposition told the Miami Herald that the potential deal would involve granting a special license to Chevron to ramp up activities in Venezuela. Chevron has previously lobbied the US State Department for a rollback of sanctions against Venezuela.
Caracas demands recognition, sanctions relief
Venezuelan officials have likewise commented on the possibility of restarting the oil trade with the US, with Foreign Minister Félix Plasencia stating that any deal to supply oil would be contingent on Washington and Brussels recognizing Nicolás Maduro as president.
“We have a 100-year oil business relationship with the United States. We have not taken them out of the business, they left in order to impose coercive measures. Now they want to return. Fine, if they accept that the only and legitimate government of Venezuela is the one led by President Nicolás Maduro, then US and European oil companies would be welcome,” said Plasencia at the Antalya Diplomacy Forum held this past weekend in Turkey.
Plasencia added that a “respectful relationship” would also require the lifting of coercive measures that deepened the country’s economic crisis.
EU High Commissioner for Foreign Affairs Josep Borrell held a bilateral meeting with Plasencia on the margins of the forum that both described as “good,” with Borrell’s team indicating a willingness on the part of the European bloc to normalize relations and lift sanctions.
Venezuela, home to the world’s largest oil reserves, had a steady crude production of around 1.9 million barrels per day (bpd) and exported approximately 500,000 bpd to US markets until sanctions targeted the sector and crippled production.
The Venezuelan oil industry has lately shown signs of improvement with Plasencia stating that the country could produce up to 2 million barrels per day by the end of the year thanks to the assistance of “reliable partners, such as Russia, China and Iran.”
The recent diplomatic summit also saw Plasencia and Vice President Delcy Rodríguez both meet with a Russian delegation led by Foreign Minister Sergei Lavrov.
“We held a meeting with our good friend Sergei Lavrov. We reviewed our bilateral strategic relations and the complex international scenario,” Rodriguez said via Twitter.
The March 5 high-level meeting between the US and Venezuela was likewise driven by Washington’s efforts to isolate Russian President Vladimir Putin from his allies in Latin America. US officials were reportedly seeking a public condemnation of Russia’s incursion into Ukraine by Maduro. Caracas has called for a “peaceful resolution” to the ongoing crisis but has stopped short of criticizing the Russian military operation.
The Venezuelan leader spoke directly by phone with Putin, with the Russian Ministry of Foreign Affairs reporting that the Venezuelan president expressed his “firm support” for Russia and condemned destabilization efforts by the US and NATO.
Edited by Ricardo Vaz in Caracas.
Japanese firms have no plans to abandon Russian energy project
RT | March 14, 2022
Japanese trading houses, Mitsui and Mitsubishi, are reportedly not considering quitting Russia’s Sakhalin-2 project, that is focused on producing and shipping liquified natural gas (LNG), 60% of which is destined for the Japanese market.
The Japanese trading giants, which hold a total stake of 22,5% in Sakhalin-2, will remain partners to the project, as “prompt exit is risky” and “will be in favor of China,” Nikkei newspaper reports, citing documents submitted by the companies to the Ministry of Economy, Trade and Industry of Japan earlier this month.
The project has been one of the main sources of natural gas supply to Japan with nearly 100% of Japanese LNG imports coming from Sakhalin-2, according to media reports.
Located on the Russian island of Sakhalin in the Pacific Ocean, north of Japan, the project reportedly produces nearly 11.5 million tons of LNG annually which is mainly exported to major markets in Asia.
The project, launched in 2009, includes the offshore Piltun-Astokhskoye oil field and Lunskoye natural gas field in the Okhotsk Sea, and associated infrastructure on Sakhalin Island itself.
Sakhalin-2 is managed and operated by the Sakhalin Energy Investment Company. The majority stake in the enterprise belongs to Russia’s energy giant Gazprom. Shell, the world’s largest LNG trader, holds 27,5% minus one share, Mitsui’s share totals 12,5%, while Mitsubishi Corporation owns 10%.
On February 28, UK-based Shell announced plans to pull out its stake in the Sakhalin-2 liquefied natural gas facility, its 50% stake in the Salym Petroleum Development and the Gydan energy venture following sanctions placed on Moscow over the ongoing military operation in Ukraine.
‘US will scrap Iran deal before agreeing with Russia on sanctions’
RT | March 13, 2022
The US will not negotiate the easing of any Ukraine-related sanctions on Russia to ensure that Moscow can trade with Tehran under a new iteration of the Iran nuclear deal, a US official told the Wall Street Journal on Sunday. Despite a deal being reportedly close at hand, the official said that Washington would pursue an alternate agreement before granting Russia any exemptions.
“I don’t see the scope for going beyond what is within the confines of the JCPOA,” the official said, referring to the 2015 Joint Comprehensive Plan of Action, which guaranteed Iran limited sanctions relief in exchange for a halt to its nuclear program. “I think it’s pretty safe to say that there is no room for making exemptions beyond those.”
Russian Foreign Minister Sergey Lavrov has demanded written assurances that sanctions imposed on Russia since the start of its military offensive in Ukraine won’t impact any trade between Russia and Iran under a successor deal to the JCPOA, which is currently being negotiated.
Despite US Secretary of State Tony Blinken describing the Ukraine-related sanctions as “irrelevant” to the deal last week, the Iranians are apparently siding with Russia. Iranian Foreign Ministry spokesman Saeed Khatibzadeh stated last week that “Iran’s peaceful nuclear cooperation should not be affected or restricted by any sanctions, including Iran’s peaceful nuclear cooperation with Russia.”
According to the Wall Street Journal, Russian negotiators are likely to specify their precise demands in writing in the coming days, and the Americans will “know within a week whether or not Russia is prepared to back down,” the US official added.
Should Russia remain firm on its demands, the US would be open to negotiating a “replica of the JCPOA” without Russian involvement, the official said, noting that “we…at this point wouldn’t rule anything out.”
However, it is far from clear whether the other parties to the 2015 deal would agree to a new accord without Russia. The original agreement was signed by Iran and the US, UK, Russia, France, Germany, China and the EU. While the Wall Street Journal claimed that European diplomats are exploring “options for pursuing a deal without Russia,” China is a major nuclear power and generally a diplomatic ally of Russia, and may balk at any deal that excludes Moscow.
Negotiators have been attempting to hammer out a replacement for the JCPOA for nearly a year, meeting regularly in Austria’s capital Vienna for negotiations. The French Foreign Ministry said last week that the parties are “very close to a deal,” but admitted that disagreements between the US and Russia could scupper any potential accord. The anonymous US official echoed these concerns on Sunday, describing Russia’s demands as “the most serious stumbling block and obstacle to reaching a deal.”
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- CBS News Reportedly Ousts London Bureau Chief Over Differences With Bari Weiss Over Gaza Coverage
- State Department Says US Is in Conflict With Iran ‘At the Request’ of Israel
- What ceasefire? Israel won’t stop killing in Gaza, Lebanon – Daily Update
- Palestinians in Gaza Want to Rebuild Food Systems. Israel Isn’t Letting Them.
- Under Trump, Green Card Seekers Face New Scrutiny for Views on Israel
- Sheep Theft Sent Shockwaves Through a Palestinian Village. Then, a 12-year-old Boy Was Shot Dead
- Trump alum helps Israel mount AI influence campaign
- Dispatches From Catastrophe
- No Tricks Zone
- Oversupply Of Volatile Solar Energy Leads To Record NEGATIVE Prices!
- New Study: Extreme Heat Records, Heatwaves, Extreme Cold Records Declining Across US Since 1899
- It’s The Cold, Stupid! Cold 20 Times More Lethal Than Heat, Multiple Studies Show
- European Institute For Climate And Energy: “Climate Debate is Seldom About Science”
- New Study: The Climate May Be 5 Times More Sensitive To Solar Forcing Than Commonly Assumed
- EV Industry Reached $70 Billion In Losses In 2024 Due To Delusional Green Ideologies
- Reality Check: Maldives Have Actually Grown In Size Or Remained Stable Over Recent Decades
- Abrupt Climate Change Also Occurred NATURALLY In The Past …25 Times During Last Ice Age
- Cave Discovery Reveals Today’s Desert Climates Were Recently Far Warmer, Wetter, Teeming With Life
- German Expert: Heat Dome Led To Record Temps In Western USA…Warmer In 1934, 1936
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