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Imposing sanctions on Russian officials for the alleged poisoning of Alexey Navalny is ‘absurd’ & ‘unacceptable’ says Kremlin

By Jonny Tickle | RT | September 7, 2020

The Kremlin has ridiculed the suggested creation of a ‘Navalny List’ that would impose more sanctions on Russians, following accusations that Moscow is responsible for the alleged poison attack on opposition figure Alexey Navalny.

On Saturday, the American conservative journalist Bret Stephens wrote in the New York Times that the US should pass a ‘Navalny Act,’ similar to the 2012 Magnitsky Act, in order to punish Russian authorities for the poisoning of the political blogger.

“There are many absurd initiatives, both on the right and on the left,” said Kremlin spokesman Dmitry Peskov, explaining that it is “unacceptable” to associate the Russian leadership with the alleged attack on Navalny.

According to Stephens, the proposal has been backed by vulture capitalist Bill Browder, who is wanted on criminal charges in Russia, who suggested that a long list of officials should be punished simultaneously by the United States, United Kingdom, Canada, the European Union, and Australia. Browder is best known for pushing governments worldwide to impose sanctions in retaliation for the death of Russian auditor Sergei Magnitsky, who died in a Moscow prison in 2009, eight days before he was due to stand trial for alleged financial offenses.

Since Magnitsky’s death, Browder has courted politicians from all corners of the globe to punish those he deems responsible. In 2012, this prompted the US to adopt the Magnitsky Act, which allowed the US to sanction numerous Russian officials and businessmen over alleged human rights violations. Despite allegations that Browder has fabricated parts of the auditor’s story, which have been largely ignored by US/UK media, similar legislation has also been passed in Canada and Britain.

“It would be strange if a person like Browder, who is wanted by Russia for tax and other crimes, did not agree with such absurd proposals,” Peskov pointed out.

Navalny, a well-known protest leader and anti-corruption campaigner, was taken ill on August 20 during a flight from Tomsk to Moscow, which was forced to land in the Siberian city of Omsk. After being taken to the hospital, Navalny’s associates asked that he be transferred for treatment in Germany. Two days later, he landed in Berlin, where on Monday he was described as steadily emerging from a medically induced a coma in that city’s Charité clinic. According to the German authorities, the opposition figure was poisoned with a nerve agent from the Novichok group.

September 7, 2020 Posted by | Economics, Russophobia | , | Leave a comment

Vucic Discloses Content of Bilateral Agreement on Kosovo Signed at White House

Moving the Serbian embassy to Jerusalem was a loan origination fee?

Sputnik – 04.09.2020

Serbian President Aleksandar Vucic revealed on Friday the content of an agreement on the self-proclaimed republic of Kosovo, signed with the United States at the White House.

Vucic stressed that the Serbian leadership and the Kosovars signed separate bilateral agreements with the United States and listed his country’s points.

“We signed today a bilateral agreement with the United States, this is not a trilateral agreement, which is very important. This is a bilateral agreement because the third party is not recognized in this agreement as a subject of international law”, Vucic said, as broadcast by national TV.

According to the president, the agreement is primarily focused on the economy and contains 16 clauses. Self-proclaimed Kosovo also signed a bilateral agreement with the United States.

“The Americans will be watching together with us the project to build a highway to Pristina, which will be important for Serbs living in Kosovo and Metohija”, the president said.

He added that the parties agreed on the construction of a railway to connect the Serbian regions of Kosovo and Pristina with Belgrade via the Merdare checkpoint.

“It [the agreement] also talks about how various financial corporations and the Export-Import Bank of the United States will finance these and other projects”, Vucic stressed.

According to the Serbian leader, representatives of Pristina persistently opposed the Balkan Mini Schengen Zone (cross-border trade and economic initiative).

Vucic also drew attention to the section of the agreement according to which the parties agreed together with the US Department of Energy and other government agencies on the division of energy resources of Gazivoda Lake in Kosovo.

This, according to the president, is about the energy produced by the hydroelectric power station and the water of the accumulation lake, which will be divided between Belgrade and Pristina.

Among the other points of the agreement is the mutual recognition of diplomas and professional certificates, launch of 5G networks from reliable suppliers, ensuring airport security controls for a future visa-free regime with the United States, protecting and supporting religious freedoms, which should ensure greater security for the clergy and facilities of the Serbian Orthodox Church. It also provides for a one-year moratorium on recognition of Kosovo independence from third countries, as well as on Serbian lobbying for the withdrawal of this recognition.

The Serbian delegation headed by Vucic is currently in Washington, where it held talks with Kosovo Prime Minister Avdullah Hoti. Earlier on Friday, the two Balkan states signed a deal to normalize economic ties in the presence of US President Donald Trump.

September 4, 2020 Posted by | Economics | , , | Leave a comment

Troop Withdrawal from Iraq isn’t an ‘American Retreat’

By Salman Rafi Sheikh – New Eastern Outlook – 04.09.2020

The US president is reportedly in talks with Iraq’s Prime Minister to bring the current level of US troops in Iraq down to the level of 2015. This change will see troop number coming down from the current 5200 to about 3500, indicating a US ‘drawdown’ from Iraq following the Iraqi parliament’s resolution to force all US troops out of the country. While, on the face of it, these talks indicate a massive ‘respect for the Iraqi sovereignty’ and Trump’s resolve to end the US’ ‘endless wars’, a deep look at the wider regional and American core strategic interests indicates that not only America’s wars are not ending, the ‘drawdown’ does not mean ending region’s militarization too, although it does have some significance for Trump’s own domestic political interests ahead of elections.

For Trump supporters, he is fulfilling yet another of the promises he made during his previous campaign. He is withdrawing from Afghanistan, is bringing home thousands of troops from Germany and has already withdrawn 500 troops from Syria. While this may bode well politically, strategically he is still continuing America’s wars, particularly against Iran. This was indeed what Gen. Kenneth F. McKenzie Jr., the head of the Pentagon’s Central Command, said in a virtual conference organized by the United States Institute of Peace. To quote him:

“As I look at the theater, we remain focused on Iran as our central problem. This headquarters focuses on Iran, executing deterrence activities against Iran, and doing those things”, adding that “The threat against our forces from Shiite militant groups has caused us to put resources that we would otherwise use against ISIS to provide for our own defense and that has lowered our ability to work effectively against them.”

McKenzie’s comments are very much consistent with what the Trump administration has been trying to do against Iran in the form of re-imposition of arms embargoes, a stubborn insistence that has already become a fiasco, indicating how fast the US is losing its ability to unilaterally design global scenarios.

It is, therefore, imperative to understand that bringing US troops level down does not indicate a step towards an imminent US-Iran normalization. For instance, even if the US troops were there to check Iran’s influence, the US is still very much into establishing its political and economic tentacles in Iraq through non-military means. This is evident from the expanding US economic presence in Iraq to supposedly reduce Iraq’s dependence on Iran for meeting its energy needs.

Five US firms, including Chevron Corp, have already signed agreements with the Iraqi government. These agreements were signed on the sidelines of Kadhimi’s recent visit to the US where he discussed with Trump the future of US troops in Iraq and the continuing need for the training of Iraqi troops. Chevron has already been drilling oil in Iraq’s Kurdistan region. With the second largest US oil company now set to establish itself in the mainland Iraq as well, there remains little gainsaying that the US is rapidly allowing for replacing Iraq’s dependence on Iran with Iraq’s dependence on the US. This is a straightforward case of adding Iraq’s economic dependence to its already military dependence on the US.

According to US officials, this move towards increasing Iraq’s indigenous energy and electricity capacity is a part of the larger plan to wean the country away from Iranian influence and connect it more deeply with Arab countries. “It is vital that Iraq’s electricity grid be connected to the GCC. We’ve been working on this, as I’m sure you know, and there’s more work to be done.  And so that will continue,” a US official was quoted to have said.

Doing this is crucial for the US as Iraq’s dependence on Iran is seen as the key to the latter’s influence in the former. Iraq’s energy sector is dependent on imports from Iran, and even after the US slapped sanctions on Iran’s energy exports, Iraq continues to import natural gas and electricity from Iran under a special waiver that the US has regularly extended. The US wants to change it.

The US State department has already affirmed that “The Government of Iraq, Gulf Cooperation Council, and United States have renewed their full support for the Gulf Cooperation Council Interconnection Authority (GCCIA) project to connect the electricity grids of Iraq and the GCC. The United States is committed to facilitating this project and providing support where needed. This project will provide much-needed electricity to the people of Iraq and support Iraq’s economic development, particularly in the southern provinces.”

Accordingly, while announcing commercial agreements worth as much as US$8 billion between US energy companies and the Government of Iraq, the US Secretary of Energy Brouillette emphasized the critical role U.S. private investment will continue to play in Iraq’s energy future and stressed the need for “rapid progress towards energy independence from Iran.”

There is no denying that the US presence in Iraq, military or otherwise, remains Iran-centric. A troop drawdown does in no way indicate a US ‘retreat’ from Iraq because of continuous military tensions and rocket attacks by Iran backed militias. While Iran’s influence in Iraq goes way beyond the Iraqi regime, an enhanced US presence indicates that the US will continue to push against Iranian influence through military (the US would still have more than 3000 troops in Iraq) and politico-economic means.

Salman Rafi Sheikh is a research-analyst of International Relations and Pakistan’s foreign and domestic affairs.

September 4, 2020 Posted by | Economics, Militarism | , , , , | Leave a comment

Germany, Not Russia, Should Answer Questions Over Navalny Case

Strategic Culture Foundation | September 4, 2020

German Chancellor Angela Merkel has all but accused the Russian government of attempted murder in the strange case of Alexei Navalny, the dissident figure who reportedly remains comatose in a Berlin hospital.

Merkel spoke after a German military laboratory announced earlier this week it had “unequivocal proof” that Navalny had been poisoned with “Novichok”, a Soviet-era military-grade nerve agent.

“It raises serious questions that only the Russian government can and must answer,” Merkel told media reporters. The chancellor’s assertions were immediately reinforced by the United States, Britain and the head of NATO, each demanding Moscow to be held to account.

The Russian government rejected the accusations, saying they were being made improperly. It noted that the German authorities did not inform Moscow of its claims directly, but rather communicated first with its Western allies. There is more than a suggestion that the Western response is being coordinated to railroad accusations against Russia without Moscow being afforded due process. There is a presumption of guilt which violates due process and diplomatic protocol. And, of course, this is not for the first time when it comes to Western contemptuous relations with Russia.

Contrary to Western assertions about Russia having to answer questions about the Navalny case, the onus is very much on the German authorities to explain their “findings” and to back them up with verifiable evidence. Otherwise it amounts to hearsay and innuendo.

First of all, the Germans say they have “unequivocal proof” that Navalny was poisoned with Novichok, reportedly from tests carried out on his blood samples. But the German military laboratory and doctors in Berlin have not provided any biomaterials to Russia for the latter to independently verify the alleged detection of Novichok.

Secondly, the Russian doctors who first treated Navalny after he suddenly fell ill on a flight from the Siberian city of Tomsk to Moscow on August 20 have affirmed that they carried out comprehensive toxicology tests on his biological fluids and organs, and they detected no traces of toxins. Specifically no traces of organophosphate nerve agents. The Russian medics concluded that Navalny may have become ill from a metabolic disorder, such as extremely low blood sugar.

The Russian doctors who treated Navalny, and possibly saved his life by their quick intervention, said they detected the presence of cholinesterase inhibitors which affect the nervous system, but such substances can be caused by a wide range of clinical pharmaceuticals, including those used for the treatment of diabetes which Navalny reportedly suffers from.

However, the crucial point is this: the Russian toxicology tests found no presence of Novichok or any other such nerve poison in Navalny’s body. The Russian medics reportedly still possess the original body samples taken when Navalny was being treated in Russia. It is the Germans who are claiming they have detected Novichok, but so far they have not provided verifiable proof. It is their word for it, that’s all.

There are more questions needing answers. Navalny was airlifted from Russia to Berlin on August 22 under heavy pressure from Germany and other Western states for Moscow to permit his relocation. Why the urgency to do so? Why did Moscow relent in allowing this strange foreign intervention in its internal affairs?

If, for argument sake, the Kremlin had in some way plotted to cause Navalny harm with Novichok or some other poison, why would Moscow permit his relocation to Berlin where toxicology tests would uncover the purported plot? That scenario is illogical.

Navalny’s aides immediately claimed he was poisoned when he fell ill. They said he may have been poisoned from drinking tea at Tomsk airport before his flight. But CCTV footage shows Navalny being handed the drink by an aide. So, if anyone intended Navalny’s intoxication from the beverage, they wouldn’t have known he was to be the person who received the drink.

Furthermore, the Russian scientists who invented Novichok have stated categorically that if the nerve agent was somehow involved in the Navalny case, then he would most likely be dead by now and not in a coma. Also, they say, his aides and those who treated Navalny onboard the flight from Tomsk, would inevitably have been contaminated and sickened, so deadly is this chemical weapon.

Let’s recap. Navalny did not have toxins in his body and specifically not organophosphate nerve agents of the Novichok type, according to the Russian toxicologists. Let’s give them benefit of doubt. The poison was only detected – allegedly – by the German military laboratory five days after Navalny was received at the Berlin hospital last weekend. Yet the Germans – and this is crucial – are not sharing their bio-evidence with Russia. They have instead rushed to make grave accusations against Moscow, along with their Western allies. Without a chain of verifiable evidence, this is a travesty of due process.

What this all relies on is presumption of guilt, as well as large prejudice stemming from Russophobia, and the invocation of dubious past unproven cases such as the 2018 alleged poisoning of British double agent Sergei Skripal in Salisbury. The whereabouts of Skripal and his daughter Yulia, a Russian citizen, remains a mystery which only the British authorities can reveal, yet their strange case is thrown at Moscow to answer for, just like the current Navalny case.

The timing of the Navalny case is also significant. There are several current geopolitical factors at play. First there is the isolation of Washington at the United Nations in its attempt to force the reimposition of sanctions on Iran over the nuclear accord. This week saw Russian, Chinese, British, French and German diplomats meeting in Vienna in a bid to save the international nuclear deal in spite of American sabotage efforts. The Navalny case “poisons” diplomatic unity to defend the nuclear accord.

Another geopolitical factor is the political upheaval in Belarus. Washington and the European Union appear to be exploiting the unrest to destabilize relations between Russia and its neighbor. The Navalny case fits an agenda of undermining Moscow and impeding its relations with Minsk.

A third factor – and this may be the most significant – is the Nord Stream 2 gas supply project from Russia to Germany. The $11 billion, 1,200-kilometer pipeline has been targeted intensely by the Trump administration for derailment. There are also pro-Washington politicians in the ruling German Christian Democrat party who have been persistent in their opposition to the ambitious boost to energy trade between Russia and Europe.

The New York Times headlined on September 3: “Navalny Poisoning Raises Pressure on Merkel to Cancel Russian Pipeline”.

Last week, Merkel was insisting that the Navalny case did not impinge on the Nord Stream 2 project’s completion. This week, German military intelligence is claiming that Novichok was used to poison Navalny, and now Merkel is under intensified pressure to abandon the Nord Stream 2 project. As ever, the old criminologist question of who gains should be foremost here.

Indeed, there are several serious questions to answer in the Navalny case. But it is Germany and its Western allies who are best placed to provide answers, not Russia.

September 4, 2020 Posted by | Economics, Russophobia | | Leave a comment

Stoltenberg to Convene NATO Meeting on Friday to Discuss Navalny Situation

Sputnik – 03.09.2020

NATO Secretary-General Jens Stoltenberg will convene an emergency meeting on Friday to discuss the situation involving Russian opposition figure Alexey Navalny, the alliance’s spokeswoman, Oana Lungescu, said on Thursday.

Navalny is currently undergoing treatment in a German hospital after suffering a medical emergency in late August. Berlin on Wednesday said that a German military laboratory possessed undeniable proof of the 44-year-old’s intoxication with a nerve agent from the Novichok group. The Russian Foreign Ministry noted in response that the German government’s claims of Navalny’s poisoning lacked evidence and added that it was perplexing why Berlin first addressed the EU, NATO and third parties, such as the Organization for the Prohibition of Chemical Weapons, instead of contacting Russia directly.

Lungescu took to Twitter to announce the upcoming meeting.

​Kremlin spokesman Dmitry Peskov said earlier in the day that there had been no contacts between Russian President Vladimir Putin and German Chancellor Angela Merkel on the issue of Navalny. He also noted that Russia was interested in shedding the light on the situation as much as anyone else, however, Germany did not provide any information.

EU Urges Russia to Cooperate With OPCW in Navalny Case for Impartial Probe, Borrell Says

The European Union urges Russia to cooperate with the Organization for the Prohibition of Chemical Weapons (OPCW) in the situation with Russian opposition figure Alexey Navalny to ensure an impartial international investigation, EU foreign policy chief Josep Borrell said in a statement.

“The European Union condemns in the strongest possible terms the assassination attempt on Alexei Navalny. … The European Union calls upon the Russian Federation to fully cooperate with the Organisation for the Prohibition of Chemical Weapons (OPCW) to ensure an impartial international investigation,” the statement says.

The EU is calling for an international response to the situation with Navalny and reserves the right to impose sanctions, Borrell added.

The EU will continue to closely monitor the situation and consider possible implications, he said.

September 3, 2020 Posted by | Economics, False Flag Terrorism | , , , | Leave a comment

US-Russia tensions flare up on multiple fronts

By M. K. BHADRAKUMAR | Indian Punchline | September 2, 2020

Amidst the escalating tensions with China, the United States should have kept the troubled relationship with Russia on an even keel. But the opposite is happening. For the first time since the presidential election in Belarus on August 9, Washington has openly sided with the protests in Minsk and dared Russia to intervene.

Berlin has simultaneously announced that the Russian opposition leader Alexei Navalny was poisoned by Novichok nerve agent. Curiously, Germans went public with the explosive information without even notifying Moscow first. Presumably, the US was in the loop, given Navalny’s standing in Russian politics.

Most certainly, Washington and Berlin have moved in tandem over Belarus and Navalny respectively. A major confrontation is brewing. The warning over Belarus came at the level of the US Deputy Secretary of State Stephen Biegun who conveyed a harsh message to the Kremlin via the cold war era megaphone Radio Liberty:

“The last four years has been very challenging for U.S.-Russian relations, but it is possible that it could be worse. And one of the things that would limit the ability of any president, regardless of the outcome of [the U.S. presidential election in November], in developing a more cooperative relationship with Russia, in any sphere, would be direct Russian intervention in Belarus.”

Within hours, Secretary of State Mike Pompeo stepped in “demanding an immediate end” to the Belarus government’s moves to curb the protests and warning of “significant targeted sanctions” in consultation with Washington’s transatlantic partners.

This is a direct challenge to President Vladimir Putin who had stated last week that Russia is obliged to intervene in Belarus under the Russia-Belarus Unity Pact of 1998 and the Collective Security Treaty. (See my blog Anatomy of coup attempt in Belarus, August 30, 2020)

The US intention is to put Russia on the dock with the simultaneous diplomatic offensives on two fronts. The Russian ambassador to Germany was summoned to the foreign ministry in Berlin a few hours ago; meanwhile, the protests in Minsk are enjoying a fresh lease of life.

The Russian Foreign Minister Sergey Lavrov today condemned the “attempts made by several foreign states” to fuel the protests in Minsk and noted “a rise in NATO activity near Belarusian borders.” The Russian and Belarusian intelligence agencies are in touch.

The Belarus foreign minister Vladimir Makei visited Moscow today for talks with Lavrov. The chiefs of the General Staffs of Russia and Belarus discussed on the phone today “the state and the prospects of bilateral military cooperation and also the pace of preparations for the Slavic Brotherhood joint drills.” A visit by Belarus President Alexander Lukashenko to Moscow is expected shortly.

While the Navalny affair is more of the stuff of propaganda to smear Russia’s reputation in the western opinion, Moscow will focus on the Belarus situation. Putin underscored last week that amongst the former Soviet republics, Belarus “perhaps is the closest, both in terms of ethnic proximity, the language, the culture, the spiritual as well as other aspects. We have dozens or probably hundreds of thousands, if not millions, of direct family ties with Belarus and close industrial cooperation.”

Lavrov didn’t mince words when he hit back today, “Moscow will provide an adequate and firm response based on facts to those who are trying to derail the situation in Belarus… (and) to turn the republic away from Russia and undermine the foundations of the Union State.”

What is Washington’s game plan? Indeed, it suits President Trump’s campaign if his administration is seen as hanging tough on Russia. In substantive terms, Washington probably chose to go on the offensive considering that Russian intelligence has zeroed in on the CIA blueprint to stage a colour revolution in Belarus.

In fact, there has been a dizzying array of standoffs involving Russia in the most recent days. The US and Russian military clashed six days ago when a vehicle forming part of a Russian convoy in north-eastern Syria rammed an American armoured vehicle injuring 4 US soldiers, prompting Biden to taunt Trump, “Did you hear the president say a single word? Did he lift one finger? Never before has an American president played such a subservient role to a Russian leader.”

On August 31, the US military announced that over the next 10 days it will be conducting live-fire exercises just 70 miles from Russian border. On August 28, the US flew six nuclear-capable B-52 bombers over 30 NATO countries in a major show of force. Two of them flew over the Black Sea and were intercepted by two Russian fighter jets, which crossed within 100 feet of the nose of one of the bombers, reportedly disrupting its ability to maintain its bearing.

On August 27, the Russian guided missile submarine Omsk surfaced off the coast of Alaska and participated in live-fire exercises in the Bering Sea. Also on August 27, NORAD sent two F-22 jets to intercept three groups of Russian military maritime patrol aircraft off the Alaskan coast.

With growing signs of Russia digging in, the Plan B over Belarus is surfacing. Both Belarus and Navalny are noble causes that come handy for Washington to rally Europe and re-establish its transatlantic leadership, which has been in tatters lately with the EU, France, Germany and UK joining Russia and China to block the Trump administration’s attempt to impose “snapback” sanctions against Iran.

Above all, Washington feels frustrated that its clumsy attempts to create daylight between Russia and China have floundered. China has voiced support for Lukashenko; the Sino-Russian juggernaut is puncturing holes from all sides in Trump’s maximum pressure strategy against Iran,

In a feature article entitled China, Russia Deepen Their Ties Amid Pandemic, Conflict with the West, Radio Liberty recently listed several new Russia-China economic projects in the pipeline to boost the relations further.

These include one of the world’s largest polymer plants that Russia is building in Amur, near the Chinese border costing $11 billion in collaboration with China’s giant Sinopec Group; commencement of natural gas supply to China through the 2,900-kilometer Power Of Siberia pipeline; plan to start work on a second pipeline, Power Of Siberia 2; plans to more than triple Russian gas deliveries to China; new scientific cooperation testing vaccines for COVID-19; concerted “de-dollarisation” plan aimed at limiting the use of dollar in bilateral transactions and so on.

September 2, 2020 Posted by | Economics, Militarism, Russophobia | | Leave a comment

Eastern Nations Prefer Russian Weapons to US Ones

By Dmitry Bokarev – New Eastern Outlook – 02.09.2020 

In recent years, the United States has increasingly more often impinged on sovereignty of other nations, thus flagrantly flaunting just how uncivilized its policies are. Such behavior is exemplified in various ways: diplomatic pressure exerted on policies of other nations; involvement in color revolutions; imposition of unlawful sanctions, and bans on trading with clear rivals to the US (an act that does not comply with existing international laws and the principle of free trade).

All of this is particularly noticeable when it comes to the ever increasing attempts by Washington to stop other nations from purchasing Russian weaponry. The United States must be aware of the fact that Russia’s high quality and fairly inexpensive military equipment is deservedly popular throughout the world. In addition, its export generates considerable revenues for the Russian Federation, and serves as an effective foreign policy tool for the nation, which helps Moscow build and adjust relations with other countries.

It is therefore not surprising that once tensions between Russia and the US arose, Washington began imposing anti-Moscow sanctions, focusing on the Russian Federation’s weapons trade in particular. In fact, a key aim of the Countering America’s Adversaries Through Sanctions Act (CAATSA), which was signed into law in August 2017, was to counter “Russian influence in Europe and Eurasia”. In September 2018, the “US government imposed secondary sanctions under CAATSA” for the first time by punishing Russia’s partners for “engaging in significant transactions with” individuals on the List of Specified Persons. According to a note issued by the US Department of State that month, the aforementioned actions were “not intended to undermine the military capabilities or combat readiness of any country”. Overall, the wording of the Act gives Washington a lot of room for maneuver.

There have been several widely publicized stories in connection with the CAATSA and the sale of Russia’s S-400 air defense systems, which are viewed as some of the more sought after items produced by the Russian Federation’s military industrial complex.

The S-400 Triumf is designed to destroy aircraft (including stealth targets), cruise and ballistic missiles (travelling at a speed of 4.8 km/s). The system’s radars can detect dozens of aerial targets at the same time and subsequently intercept them in various weather conditions. S-400 missile systems have been in service with the Russian Armed Forces since 2007. In fact, they are an essential part of the Russian Federation’s integrated air defense system.

China became the first nation to express interest in purchasing S-400 systems. Russian President Vladimir Putin approved the sale of S-400 Triumf to China in 2014, i.e. long before the CAATSA was passed.

But once the Act was signed into law, the threat of US sanctions against China for its purchase of the missile systems loomed large. In September 2018, despite the fact that the S-400 agreement between the Russian Federation and the PRC had been reached before-hand, the US decided to impose sanctions against China’s Equipment Development Department of the Central Military Commission and its director, Li Shangfu. In spite of these troubles, “the first regimental set of S-400” had reached China in the spring of 2018. Apart from launchers, the delivery included command and control systems, radiolocation stations and other parts essential for such pieces of equipment. At the end of 2018, the People’s Liberation Army Rocket Force tested the S-400 Triumf air defense system by “successfully shooting down a simulated ballistic target almost 250 km away and moving at the supersonic speed of 3 km/s”. Such news was quite impressive and helped promote Russia’s missile system to the world. In January 2020, the Russian Federation “concluded delivery of a second S-400 Triumf missile system regimental set to China”. China also received “more than 120 advanced anti-aircraft guided missiles” at the time.

The next country that decided to purchase the S-400 system was Turkey. After Turkey signed the relevant agreement with Russia in September 2017, Washington and other NATO members began criticizing Ankara’s decision. Since that time, the United States has been trying to convince and force Turkey to drop the deal.

In July 2019, the United States removed Turkey from the F-35 joint strike fighter program, which meant that Ankara would “lose its production work on the jet by March 2020”. In addition, six F-35s meant for Turkey were never delivered by the United States.

After Ankara received the air defense systems from Russia, Turkey conducted its first test at the end of November 2019. Various aircraft, including US-made F-16 fighter jets, were scrambled near Ankara to test the ability of the Russian-made air-defense system to track and intercept such fighters. USA’s F-16s are quite popular in the Middle East and Europe. In fact, the air forces of Israel and Greece (Turkey’s potential enemies) are equipped with such fighter aircraft.

Despite all of its threats, the US is in no hurry to impose more painful sanctions against Turkey in addition to removing it from the F-35 program because the United States does not wish to spoil its relationship with an important partner, such as Ankara. After all, Turkey is an influential nation among the Muslim-majority countries as well as a NATO member. In fact, the nation has allowed the US military to conduct operations in the Middle East from its territories. In turn, Ankara, with its ambitions to become a leader in the region, is trying to show, in every possible way, its independence from Washington. It is worth reminding our readers that, in recent years, Turkey–United States relations have soured because of the ongoing conflict in Syria. For instance, Washington supports Syrian Kurds fighting for their independence, while Ankara views them as its enemies.

At the beginning of July 2020, Turkey conducted more tests of its S-400 Triumf systems despite the possibility of the US imposing additional sanctions against Ankara. Yet again, Turkey used the good-old F-16 as training target.

Yet, it was reported that during the exercise, as reported by the local media, S-400 managed to track F-35 Stealth that were flying over the Black Sea at a distance of some 200 kilometers from the radar station. These were the very fighters that Turkey wasn’t able to purchase because of the S-400. As mentioned above, these aircraft are made with the use of advanced stealth technology, which makes its stealthy capabilities the main selling point. Thus, in addition to the reputational blow that Turkey’s purchase of Triumphs inflicted on America, the S-400 damaged the reputation of American military technology.

In July 2020, US Secretary of State Mike Pompeo was urged by US Senators to impose sanctions on Turkey over its actions in the Eastern Mediterranean region.

It would seem that Turkey has no intention of ridding itself of the Russian missile systems for now. And hopefully, the S-400 Triumf will continue to reach new markets.

After Turkey, India (USA’s strategic partner in South Asia) decided to purchase Russia’s air defense systems. Since the alliance with New Delhi is extremely important for Washington, the latter expressed its opposition to the aforementioned deal but did not take any measures to punish India.

There have been reports that Iran is interested in buying S-400 Triumf from Russia too. The country has managed to survive sanctions imposed against it by the US and other nations over its nuclear program for quite some time. In fact, Iran is a key rival of the United States, which is why Washington would not be happy if Iran were to purchase such effective air defense systems.

In fact, there is more bad news for the United States with regards to S-400 systems in other parts of the world. The fact that F-35 fighters were detected by Turkey’s Triumf missile defense systems during recent tests could be viewed as a blow to the US designers of these aircraft. In addition, the US may face more serious troubles in the future. Some believe that Turkish servicemen were, in fact, able to obtain important information about the US fighter jets and their movements during the tests.

China’s purchase of S-400 Triumf could have especially negative consequences for the United States. In fact, China’s air defense capabilities have improved on account of the new system. Its range now covers the Senkaku Islands in the East China Sea (claimed by both China and Japan) and parts of Taiwan, viewed as either a separate country or a part of China. Hence, Russia’s missile systems could strengthen Beijing’s positions in the region, as a whole, as well as in its territorial disputes.

The author could, therefore, conclude that USA’s concerns about Russian-made Triumf systems are indeed justified. As S-400s gradually become common place throughout Asia, they not only help strengthen air defenses of certain nations and generate earning for the Russian government, but they could also facilitate global political changes.

September 2, 2020 Posted by | Economics | , | Leave a comment

Owners of cargoes carrying Iranian fuel challenge US loot in court

Press TV – September 2, 2020

The owners of four cargoes carrying Iranian fuel that was looted in high seas by the United States last month have mounted a legal challenge to reclaim them, a report says.

The US government has said it seized 1.116 million barrels of fuel because it was bound for Venezuela which is under American sanctions as part of Washington’s bid to topple President Nicolas Maduro, but the owners have disputed it.

According to a filing with the US District Court for the District of Columbia Tuesday, “at the time they were seized, the Defendant Properties were destined for Trinidad for sale to customers in Peru and Colombia.”

When the news of the loot was first broken last month, Iran put down its foot to assert that neither the ships were Iranian nor their owners or their cargo had any connection to the Islamic Republic.

US reports had also claimed that the ships were owned by Greece, but the court filing on Tuesday showed otherwise.

United Arab Emirates-based Mobin International Limited said it was the owner of the cargo aboard the Bella and Bering tankers, UK-registered Oman Fuel said it owned the cargo aboard the Pandi and Luna tankers, and Oman-registered Sohar Fuel said it part-owned the cargo aboard the Luna.

The companies said they had sold the cargoes onwards to UAE-based Citi Energy FZC, but payment was due upon delivery, which was disrupted by the seizure, Reuters reported.

“Therefore, Claimants Mobin, Oman Fuel, and Sohar Fuel retain a financial stake in those agreements and have immediate right to title, possession, and control of the Defendant Properties,” they wrote in the filing.

US claim of victory dealt a blow

The legal challenge puts yet another damper on the US government’s victory lap which came with the much-hyped claim that Washington had finally found a way to block Iran and Venezuela from evading American economic sanctions.

Over the past two years, the Trump administration has repeatedly placed sanctions on Iran’s oil and other lucrative industries with the express aim of shutting Tehran out of global markets and causing an economic collapse.

But far from collapsing as American leaders had predicted, Iran’s economy keeps humming and is getting back on its feet.

Meanwhile, Iran sent five oil tankers 1.5 million barrels of gasoline and diesel fuel to Venezuela in May and June despite American threats to stop them.

“We showcased our might, and our biggest display of power was the imposition of our will and the sailing through high seas from the Persian Gulf to Venezuela,” Major General Hussein Salami said last month.

An Iranian news agency said Iran’s naval forces were preparing to target US commercial vessels in the Persian Gulf in case US forces interfered with Venezuela-bound Iranian oil tankers.

When the New York Times first reported the seizure of the four cargoes last month, the newspaper headlined it as a “diplomatic doubleheader” which blocked Iran and Venezuela from evading American economic sanctions.

Iranian officials brushed aside the claim, with Iran’s Ambassador to Venezuela Hojjat Soltani saying the report was an “act of psychological warfare perpetrated by the US propaganda machine” trying to compensate for the Trump administration’s “humiliation and defeat by Iran using false propaganda.”

“The United States is seeking to contrive a victory for itself. Neither did the ships nor the cargo belong to Iran,” Minister of Petroleum Bijan Zangeneh told reporters in Tehran.

Aiming to cut Iran’s sales to zero, Washington in May 2019 ended sanctions waivers for importers of Iranian oil. Tehran reacted with typical defiance, saying it would find ways to sell its oil.

Last month, NBC News cited data from online service TankerTrackers.com showing that Iran was exporting a lot more crude oil than US figures suggest.

According to the data, Iran is exporting as much as 600,000 barrels per day (bpd) of crude oil – thrice more than an estimate of 227,000 bpd made in a US congressional report.

Iran, NBC News said, is coming up with more innovative techniques in wiggling its way around the draconian American sanctions.

Iranian officials have said the country is in an economic war with the United States which has forced international payment networks to cut off the Islamic Republic, making trade all but impossible.

$10 billion of oil, petrochemical investment in 5 months

On Tuesday, Iran’s Ministry of Petroleum said oil and petrochemical investment in the country has reached $10 billion since the beginning of the Iranian calendar year in March.

The government plans to officially launch 17 petrochemical projects, which are expected to produce 100 million tonnes annually and generate $25 billion per year in revenues by the end of the year, it said.

Iran also plans to launch by the end of its current calendar year in March 2021 an oil terminal designed to bypass the Strait of Hormuz for Iranian oil exports.

The country has already started building an onshore oil pipeline worth $1.8 billion to Jask which sits just east of the Strait of Hormuz. As much as $700 million of the investment will go to develop the port terminal.

The 1,100-kilometer pipeline will be capable of carrying 1 million bpd of crude oil from the Goureh oil terminal in the northwest to Jask on the Sea of Oman, without the need to have tankers travel through the Strait of Hormuz.

Last month, Iran said it had signed a total of 13 oil contracts with 14 domestic firms, which will raise the Islamic Republic’s oil production capacity by 185,000 barrels per day.

September 2, 2020 Posted by | Economics | , | Leave a comment

Philippines says will not comply with US sanctions on China

Press TV – September 1, 2020

The Philippines says it will not comply with the United States’ sanctions against China over regional disputes in the South China Sea, even though Manila itself is involved in one such dispute with Beijing.

Philippine presidential spokesman Harry Roque announced during a Tuesday press briefing that President Rodrigo Duterte would not comply with unilateral US sanctions against Chinese firms involved in constructing artificial islands in the South China Sea.

Roque said Manila would make its own decisions and would not follow those of a foreign country.

“We are not a vassal state of any foreign power and we will pursue our national interest,” the Philippine presidential spokesman said. “Our national interest is to ensure flagship projects are completed.”

He said the Chinese firms would continue working on infrastructure projects in the Philippines. The Philippine government is trying to make progress in a 180-billion-dollar overhaul of the country’s infrastructure.

The remarks came despite statements made last week by the Filipino foreign minister that he would recommend that the government abandon the deals with the Chinese companies.

The US — a defense treaty ally of the Philippines — last Wednesday announced sanctions against 24 Chinese companies and individuals over what Washington alleged to be involvement in constructing military facilities on submerged reefs in disputed waters of the South China Sea.

China claims sovereignty over much of the South China Sea. Vietnam, Taiwan, Malaysia, and Brunei, besides the Philippines, have overlapping claims with China to parts of the sea. The United States, an extra-territorial force, has been stirring regional tensions by provoking China’s rival claimants and conducting routine sails or fly-overs in the sea.

Relations between Washington and Beijing have dropped to the lowest level in decades since US President Donald Trump came to power. The two countries are currently at loggerheads over numerous issues, including trade, technology, Hong Kong, Taiwan, the East and South China Seas, and most recently, the coronavirus pandemic.

The US has been significantly ratcheting up the tensions with China in all of those areas recently.

September 1, 2020 Posted by | Economics | , , | Leave a comment

US foreign policy elite wants Biden & detests Trump because President failed to launch new NATO missions

By George Szamuely | RT | August 31, 2020

One reason for the extraordinary hostility of the foreign policy insiders’ brigade toward President Trump is that he has not wasted his time conjuring up new missions to justify NATO’s continued existence.

Instead, he has promised to withdraw 12,000 US troops from Germany and, to add insult to injury, he has demanded that NATO member states increase their financial contributions toward the upkeep of the military alliance ostensibly there to “protect” them.

This is sacrilege to a foreign policy elite that have spent the last 70 years worshipping at the altar of NATO.

“US troops aren’t stationed around the world as traffic cops or welfare caseworkers—they’re restraining the expansionary aims of the world’s worst regimes, chiefly China and Russia,” Sen. Ben Sasse, R-Neb., fumed.

Former National Security Adviser Susan Rice expressed alarm about the “continued erosion of confidence in our leadership within NATO, and more efforts that call into question our commitment, and more signals to the authoritarians within NATO and Russia itself that this whole institution is vulnerable.”

Trump, according to Nicholas Burns, former US ambassador to NATO and current adviser to Joe Biden, has cast America’s military allies primarily as a drain on the US Treasury, and he has aggressively criticized Washington’s true friends in Europe—democratic leaders such as France’s President Emmanuel Macron and Germany’s Chancellor, Angela Merkel—even as he treats Vladimir Putin, Xi Jinping, Kim Jong Un, and other ‘authoritarians’ around the world with unusual tact.

Seventy former Republican national security officials recently issued a statement accusing Trump of having “disgraced America’s global reputation and undermined our nation’s moral and diplomatic influence.” And—horror of horrors!—Trump “has called NATO ‘obsolete.’ ”

Not only has Trump failed to spell out a new mission for NATO, the one mission of sorts he has come up with—extraction of more funds from NATO member-states—is calculated to cause mutual recriminations within the alliance. Trump regularly boasts that he has cajoled NATO to cough up an additional $130 billion a year “and it’s going to be $400 billion,” he recently warned.

To the denizens of Washington’s foreign policy think-tanks, pressuring NATO member states to come up with more money is a dangerous business. It could have the undesirable effect of forcing them to wonder whether devoting scarce resources to NATO—particularly now following the Covid economic downturn—is a sound investment.

NATO desperate to find reasons to justify its existence 

It is no secret that ever since the fall of the Soviet Union and the dissolution of the Warsaw Pact, NATO has been desperately searching for a reason to justify its existence. The alliance has expanded its membership from 16 to 30 in 20 years, while failing to put forward a convincing reason, other than inertia, for staying in business.

To be sure, there were and are threats—cybersecurity, mass migration, human trafficking, narcotics, nuclear proliferation, international terrorism—but it was never clear how a narrowly-focused military alliance would be able to address them unilaterally. NATO has thus been forced to engage in some vigorous head-scratching.

During the 1990s, we had the “humanitarian intervention” craze. This led to the NATO bombing of Bosnia-Herzegovina in 1994 and 1995 and, more horrifically, to the bombing of Yugoslavia in 1999. Neither operation achieved anything that could not have been achieved years earlier—and without the use of force.

In 2001, NATO got in on the Global War on Terror. After 9/11 NATO, for the first time in its history, invoked Article 5 of the North Atlantic Treaty, declaring that the terrorist attack on the US was an attack against every NATO member.

When the United States retaliated by invading Afghanistan in October 2001, NATO was on hand to assist. In December, it established something called the International Security Assistance Force, the nebulous mission of which was to “assist the Afghan Government in exercising and extending its authority and influence across the country, paving the way for reconstruction and effective governance.”

Next came Iraq. Despite the vocal opposition of France and Germany to the 2003 invasion, NATO, in no time got involved. In 2004, it established NATO Training Mission-Iraq, the aim of which was supposedly to “assist in the development of Iraqi security forces training structures and institutions so that Iraq can build an effective and sustainable capability that addresses the needs of the nation.” One of its tasks was to train the Iraqi police. However, as WikiLeaks’ Iraq War Logs disclosure revealed, Iraq’s finely-trained police conducted horrific torture on detainees. Neither NATO’s Afghanistan nor its Iraqi mission covered itself in glory.

With the Democrats returning to power in Washington in 2009, NATO was back in the “humanitarian intervention” business. Its bombing of Libya in 2011 destroyed government, law and public order, institutions that before the intervention had ensured that the people of Libya were able to go about their daily lives free from the fear of death, not to mention the spectacle of slave markets.

The “humanitarian intervention” in Libya having ended in debacle and war crimes (including the execution of Muammar Gaddafi) in which NATO was clearly involved, it was back to the old Cold War mission of “containment.”

Following the February 21, 2014, coup in Kiev and the reincorporation of Crimea into Russia, NATO’s new mission was very much like its old. NATO Secretary General Anders Fogh Rasmussen promised that: “We will have more planes in the air, more ships on the water, and more readiness on the land. For example, air policing aircraft will fly more sorties over the Baltic region. Allied ships will deploy to the Baltic Sea, the Eastern Mediterranean and elsewhere.”

Six years on, it’s clear that there simply aren’t enough armed conflicts in the world to justify the continued existence, not to mention huge expense, of such a gargantuan military organization. NATO has therefore resorted to seizing on the latest fashionable social and cultural issues to prove how up-to-date it is.

More NATO as solution to Climate change?

For example, NATO has added “climate change” to its repertoire. NATO’s 2010 Strategic Concept declared that “Key environmental and resource constraints, including health risks, climate change, water scarcity and increasing energy needs will further shape the future security environment in areas of concern to NATO and have the potential to significantly affect NATO planning and operations.”

One would have thought that the most effective way NATO could contribute to minimizing global warming would be to cut back on armaments, military exercises and naval and air patrols. But no, apparently the solution to “climate change” is more NATO, not less.

Then came the issue gender equality. “Achieving gender equality is our collective task. And NATO is doing its part,” said Mari Skåre, the NATO Secretary General’s Special Representative for Women, Peace and Security, in 2013. In March 2016, on International Women’s Day, NATO held a so-called “Barbershop Conference” on gender equality. Secretary-General Jens Stoltenberg took the opportunity to declare that gender equality was a frightfully important issue for the alliance because “NATO is a values-based organization and none of its fundamental values—individual liberties, democracy, human rights and the rule of law—work without equality….We learned in Afghanistan and in the Balkans that by integrating gender within our operations, we make a tangible difference to the lives of women and children”.

Definitely a “tangible difference to the lives of women and children”: As a result of NATO’s bombing campaigns in Yugoslavia and Libya, thousands of women and children lost their lives. In Libya, for example, NATO helped deliver perhaps thousands of women into the hands of ISIS.

This is how Human Rights Watch in 2017 described the record of ISIS rule in Libya:

“In the first half of 2016, fighters loyal to ISIS controlled the central coastal town of Sirte and subjected residents to a rigid interpretation of Sharia law that included public floggings, amputation of limbs, and public lynchings, often leaving the victims’ corpses on display.”

Trump’s failure to articulate a new mission for NATO, combined with his desire to extract more and more funds from the 29 member nations, puts the military alliance in a very vulnerable position. With no new mission and no obvious threats to Europe on the horizon—or at least none that NATO seems capable of addressing—its member states, sooner or later, are bound to question the value of belonging to an organization, with such high membership fees and so few benefits. No wonder the foreign-policy cognoscenti are fulminating and praying for a Biden presidency.

One of the reasons the foreign policy crowd detests Trump is that he hasn’t wasted his time trying to invent some “new mission” for NATO. Where Trump differs from his predecessors is that he hasn’t bothered trying to invent some new reason for NATO’s continued existence: Clinton had Yugoslavia, Bush Afghanistan & Iraq, Obama Libya. Trump hasn’t identified any “new mission” for NATO. Maybe because there isn’t one.

George Szamuely is a senior research fellow at Global Policy Institute (London) and author of Bombs for Peace: NATO’s Humanitarian War on Yugoslavia. Follow him on Twitter @GeorgeSzamuely

August 31, 2020 Posted by | Economics, Militarism | , , | Leave a comment

China no longer interested in expensive Saudi oil: Report

Press TV – August 31, 2020

China has significantly reduced its imports of crude oil from Saudi Arabia in recent months, shows a report, adding that the Saudis are no longer among the top suppliers of crude to China.

The analytic report published by Oilprice shows that Chinese buyers of oil, including state-oil companies and independent refiners, imported a total 1.26 million barrels per day (bpd) of oil from Saudi Arabia in July, a record low that have come mainly as a result of high benchmark prices set by Persian Gulf Arab producers for orders placed in April.

For two years, Saudi Arabia has been either the number-one or number-two oil supplier to China, the world’s top oil importer.

However, a slump in global oil prices that began in March and continued into April, mainly a result of a price war between Saudi Arabia and Russia and the subsequent decline in demand for oil because of the coronavirus pandemic, pushed many Chinese buyers to look for ultra-cheap oil.

That caused imports into China from America to surge at the expense of Saudi Arabia. In fact, imports from the United States and Brazil increased in July, showing that Chinese preferred supplies that took almost 45 days to reach the country from America over the cargoes on the shorter route between the Middle East and China.

The report predicted that Saudis would have to wait for months to be able to capture their previous share of the Chinese market. It cited economic data as showing that supply of crude from the US and Brazil into China would continue to be strong in August and even in September as the Chinese buyers have continued to be price-conscious earlier this month when they chartered tankers for future deliveries.

August 31, 2020 Posted by | Economics | , , | Leave a comment

COVID-19 economic decline brings IMF back to Latin America

By Paul Antonopoulos | August 26, 2020

The economic impacts of the COVID-19 pandemic brought the International Monetary Fund (IMF) back to Latin America. In December 2005, Brazilian President Luiz Inácio Lula da Silva and Argentine President Néstor Kirchner announced that they had paid the debts that South America’s two largest countries had with the IMF. At the time, Brazil paid $15.5 billion and Argentina about $9.81 billion, cancelling its debts. In addition to being historic, this transaction marked an era. The two South American powers freed themselves from the influence of the IMF and showed unprecedented political coordination, which was also complemented by political support from Venezuelan President Hugo Chávez.

The bloc also gave impetus to its neighbors: Uruguay, for example, cancelled its debt of $1.08 billion in 2006, while Bolivia freed itself from the fund that same year after an agreement allowed a $250 million debt to be forgiven.

However, everything seems to have changed 15 years later. Latin America is one of the world’s most affected regions from the COVID-19 pandemic – medically and economically. The IMF’s director, Kristalina Georgieva, predicts a 9.3% contraction for the region in 2020, compared to a 4.9% decline worldwide. Georgieva said that as a result of the new coronavirus pandemic, the organization has doubled access to emergency financing, disbursing a total of $25 billion to help 70 countries. Of those, about $5.5 billion went to 17 countries in South America, Central America and the Caribbean. The IMF director especially mentioned the cases of Chile, Peru and Colombia, which the IMF signed flexible credit line agreements totalling $107 billion.

An analysis by Teresa Morales, Nicolás Oliva and Guillermo Oglietti from the Latin American Strategic Center for Geopolitics (CELAG) shows that between April 17 and May 1, the IMF also helped Bolivia, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Granada, Haiti, Panama, Paraguay and Saint Lucia with a total of $3.48 billion. CELAG researchers indicated at the end of May that “Latin American countries have started a new indebtedness process with the IMF.” In this sense, they warned that the IMF “will certainly mean short-term relief to face a very adverse external front, but that it certainly has its counterpart in the conditions of macroeconomic policies and their known consequences.”

However, we have not yet entered into a critical debt process. This is not so much because Latin American countries are not looking for it, but because of the very lukewarm response of multilateral organizations like the IMF to the pandemic. In this sense, the emergency financing lines provided by the organization have been of low magnitude and, for the time being, leave out the countries of the region with a low credit rating. Despite everything, this does not mean that the Fund has not returned to the region. The IMF has had a process of rapprochement with Latin America since the economic crisis of 2008 with loans of $57 billion to Argentina in 2018 and $4.5 billion to Ecuador.

It will depend on how much the countries in the region will need financing as a result of the pandemic to see if the IMF’s role as a financier in Latin America will be strengthened. One of the main changes is a nuance of the Washington Consensus, the traditional series of measures promoted by the IMF, the World Bank and the U.S. Treasury Department. The Washington Consensus pursues trade liberalization, fiscal adjustment, privatization policies and deregulation of the capital market, among others.

The Fund made a very strong self-criticism of the Washington Consensus. For example, now the reforms are not necessarily all implemented and, in some cases, the Fund recognized the importance of capital control by the State, the importance of counter-cyclical policies and the reduction of inequality through progressive fiscal policies. The organization is now more flexible and has started to allow government officials to participate in designing reform plans. It is likely this was allowed only after the IMF received massive criticism for choking Greece economically between 2008 and 2018 that tarnished the Fund’s image and reputation all around the world.

The Fund essentially has become more cunning and has learned that the same economic changes in all countries is counterproductive, not only in terms of economic results, but also in terms of the institution’s legitimacy. This change does not mean that it is a new institution, it still very much is the IMF with an orthodox bias, focused on liberalization policies. The IMF continues to have a preference for structural reforms, such as social security reform, tax reform, labor reform and, in some cases, trade reform.

In Georgieva’s address to the governments of Latin America and the Caribbean, the IMF will maintain its supposed solid commitment to the region in terms of capacity-building and economic policy advice. In this context, the IMF director asked Latin American countries to be able to reorient policies when the time comes to help workers get back to work and asked them to do so using fiscal stimulus with prudence. In her message, Georgieva said that as shocks dissipate, fiscal soundness and debt sustainability must become priorities for economic policy. However, it appears rather that Georgieva is attempting to prepare Latin America to once again be dominated by the IMF.

Paul Antonopoulos is an independent geopolitical analyst.

August 26, 2020 Posted by | Economics | , | Leave a comment

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