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Germany: Berlin needs emergency loans after migrants blow €500 million hole in city’s budget

Refugees have cost Berlin billions and that is only one German city

Remix News | January 27, 2025

Despite claims that migrants are going to fund the entire West and save pensions with all the tax funds they generate, reality is once again encroaching. Now, the Berlin Senate is preparing emergency loans to cover refugee costs at a time when Berlin is cutting services, including for schools, due to increasingly dire budget shortfalls.

Notably, a Christian Democrat (CDU), Kai Wegner, is the mayor of Berlin, but under his leadership, not much has changed from the previous left-wing government. Berlin’s Finance Senator Stafan Evers, also of the CDU, is reportedly preparing efforts to provide an emergency loan to cover the cost of refugees.

One of the problems is that Berlin has a debt brake that keeps the city from taking on further debt, but the government says it has the legal ability to make an exception.

In 2025, Berlin indicates it will cost €500 million to accommodate migrants. Remix News has reported on the soaring costs of housing migrants in Berlin in recent years. In 2023, it cost Berlin nearly €500 million a year to house migrants, which equals €1.5 million a day. Recently, there has been a push to convert massive buildings into refugee housing, which would cost Berlin hundreds of millions over the next decade just for one building.

Notably, Berlin already froze school budgets in 2024, but these budget cuts are not enough. The figure of €500 million also does not factor in other costs, such as education, integration efforts, and policing.

The report from the CDU, prepared in conjunction with its coalition partners, the Social Democrats (SPD), has not been yet made public, according to Tagesspiegel.

Berlin took in 21,000 fewer refugees last year than in 2022, when 32,752 refugees arrived, mostly due to an extreme shortage of housing. Currently, 41,000 people live in accommodations run by the State Office for Refugee Affairs.

In all likelihood, the solution will be more debt and more spending, with Berlin ready to declare an emergency to make up for the shortfalls.

On the federal level, the situation may be even more dire, with nearly €50 billion spent on migrants in 2023. Across Germany and much of the Western world, immigration is not only fueling a debt crisis, but it is also a major factor in skyrocketing housing prices.

On top of the millions of poor newcomers who need housing is also the role of foreign investors, who are buying up property across the West. The issue has gotten so dire that even those on opposite sides of the political spectrum, such as Spanish PM Pedro Sanchez and former Czech PM Andrej Babiš are proposing massive taxes on foreign buyers of property in their countries.

January 27, 2025 Posted by | Civil Liberties, Economics | | Leave a comment

Iran’s hard choice on FATF conundrum

Press TV – January 26, 2025

The issue of Iran’s membership in Paris-based Financial Action Taskforce (FATF) is one of the hotly disputed topics, with proponents and opponents each ardently sticking to their respective positions.

Supporters argue that Iran’s continued inclusion in the FATF blacklist has become a major challenge for the economy and a problem for the Iranian policy-making system for many years.

For years, economic and trade activists and entrepreneurs have accused decision-makers of indifference to financial transaction problems resulting from Iran’s disconnection from the global payments network SWIFT.

They cite the high cost of trade, economic and financial transactions due to the use of unconventional and obsolete methods such as exchange offices and commodity barter which has led the growth of dealership and rent-seeking activity, corruption, and a shadow economy, calling for legal and policy measures to remove Iran from the FATF blacklist.

In 2016, Iran under the administration of president Hassan Rouhani agreed to an FATF action plan to move from the blacklist to the gray list, accepting 37 of the Western watchdog’s 41 recommendations and introducing relevant legislation to implement them.

By 2020, however, the FATF reinstated the country on its blacklist due to what it called Iran’s failure to complete the process.

The dispute centers around the Palermo Convention on combating transnational organized crime and the CFT Act on fighting the financing of terrorism, which the Iranian parliament approved in 2018, but the Guardian Council rejected due to their conflicts with “resistance economy guidelines”, national security policies, and “contradiction with the Sharia”.

Opponents of the FATF membership believe that with multiple US sanctions imposed on Iran over the years, the approval of Palermo Convention and the CFT Act and a subsequent removal from the blacklist would not improve trade and transaction for the Islamic Republic.

The 39-nation FATF, established by the Group of Seven (G7) largest developed economies at a Paris summit in 1989, is billed as a global body that aims to develop policies to combat money laundering and terrorist financing, thus protecting the integrity of the international financial system.

Its founders praise it for its global standards. However, global standards consist of a standard setter and a standard user. The standard setter influences independent organizations and standard users to adopt standards based on the expert knowledge that is suitable for the standard setters’ logic of appropriateness.

Scholars say FATF primarily reflects the preferences of power countries and is a tool for the US and Europeans to force those preferences on other jurisdictions.

FATF’s core agenda reflects consensus among the US and EU member states to paint non-compliant jurisdictions as rogue, unreliable players, thereby scaring off would-be investors.

According to IMF data, the world economy had a gross domestic product (GDP) of $105 trillion in 2023, some $90 trillion of which belonged to FATF members. The sum included about $5.2 trillion in laundered money, most of which belong to major economies.

As for terrorist financing, the FATF has never subjected the US and the Europeans to its anti-terrorism standards for supporting the Mujahedin Khalq Organization (MKO) which until recently was on their list of terrorist organizations. Ironically, Paris hosts the annual meetings of the MKO which has a history of bombings, terrorist attacks, horrific murders like burning, decapitation, dismemberment, as well as money laundering and heist from banks.

The proponents of the FAFT still have a case. They argue that without membership, the development of economic relations with neighbors will face serious challenges and costs since they are all members of the group.

The dossier is before the Guardian Council amid fears and hopes since the country’s national interests are at stake. Ultimately, maximum care should be taken to ensure that any decision would improve the country’s situation and not lead to any self-imposed sanctions and not shoot the country in the foot.

January 26, 2025 Posted by | Economics, Progressive Hypocrite | | Leave a comment

Conflict in Ukraine Not Tied to Oil Prices, But to Western Actions – Kremlin

Sputnik – 24.01.2025

MOSCOW – The conflict in Ukraine is taking place because of a threat to Russia’s national security, as well as the West’s complete refusal to listen to its concerns, Kremlin spokesman Dmitry Peskov said on Friday.

“This conflict is taking place because of a threat to the national security of the Russian Federation, because of the threat to Russians who live in certain territories, because of the unwillingness and complete refusal of Americans and Europeans to listen to Russia’s concerns,” Peskov told reporters.

The conflict in Ukraine does not depend on oil prices, Peskov added.

US President Donald Trump said on Thursday that he would ask Saudi Arabia and other OPEC nations to lower the oil price and it would end the conflict in Ukraine “immediately.”
Trump stated that “right now the price is high enough that that war will continue.”

“You’ve got to bring down the oil price. You’ve got to end that war, they should have done it long go,” the US president said.

January 24, 2025 Posted by | Economics, Militarism | , | Leave a comment

Mackinder’s Maritime Hegemony & the Return of Eurasian Land-Powers

By Professor Glenn Diesen | January 23, 2025

Halford Mackinder developed the theoretical framework for the divide-and-rule strategy of maritime hegemons, which was adopted by the British and thereafter the Americans. Mackinder argued that the world was divided into two opposing forces – sea powers versus land powers. The last land-power to connect and dominate the vast Eurasia continent was the nomadic Mongols, and their collapse was followed by the rise of European maritime powers in the early 16th century linking the world by sea.

The UK and US both pursue hegemonic strategies aimed at controlling the Eurasian landmass from the maritime periphery. Island states (the US being a virtual island) do not need large standing armies due to the lack of powerful neighbours, and they can instead invest in a powerful navy for security. Island states enhance their security by dividing Eurasia’s land powers so a hegemon or an alliance of hostile states do not emerge on the Eurasian continent. The pragmatic balance of power approach was articulated by Harry Truman in 1941: “If we see that Germany is winning the war we ought to help Russia, and if Russia is winning, we ought to help Germany and in that way let them kill as many as possible”.[1] A maritime power is also more likely to emerge as a hegemon as there are few possibilities of diversifying away from key maritime corridors and choke points under the control of the hegemon.

Railroads Revived the Rivalry Between Sea-Powers and Land-Powers

Russia, as a predominantly landpower, has historically been contained and kept weak by limiting its access to reliable maritime corridors. However, Russia’s weakness as a large landpower could become its strength if Russia connects the Eurasian continent by land to undermine the strategic advantage of the maritime hegemony.

The invention of intercontinental railways permitted Russia to emulate the nomadic character of the Mongols and end the strategic advantage of maritime powers. Russia’s development of railroads through Central Asia from the mid-19th century resulted in the Great Game as Russia could reach British India. In the final decade of the 19th century, Russia developed the trans-Siberian railroad that challenged British imperial interests in East Asia. In 1904, Mackinder warned:

“A generation ago steam and the Suez canal appeared to have increased the mobility of sea-power relatively to land-power. Railways acted chiefly as feeders to ocean-going commerce. But trans-continental railways are now transmuting the conditions of land-power, and nowhere can they have such effect as in the closed heart-land of EuroAsia, in vast areas of which neither timber nor accessible stone was available for road-making”.[2]

Mackinder warned about the possibility of a German-Russian alliance as it could establish a powerful centre of power capable of controlling Eurasia. Mackinder thus advocated for a divide-and-rule strategy:

“The oversetting of the balance of power in favour of the pivot state, resulting in its expansion over the marginal lands of Euro-Asia, would permit of the use of vast continental resources for fleet-building, and the empire of the world would then be in sight. This might happen if Germany were to ally herself with Russia”.[3]

US Hegemony from the Periphery of Eurasia

Mackinder’s ideas were developed further with Nicolas Spykman’s Rimland Theory in 1942, which stipulated that the US had to control the maritime periphery of the Eurasian continent. The US required a partnership with Britain to control the western periphery of Eurasia, and the US should “adopt a similar protective policy toward Japan” on the eastern periphery of Eurasia.[4] The US thus had to adopt the British strategy of limiting Russia’s access to maritime corridors:

“For two hundred years, since the time of Peter the Great, Russia has attempted to break through the encircling ring of border states and the reach the ocean. Geography and sea power have persistently thwarted her”.[5]

The influence of Spykman resulted in it commonly being referred to as the “Spykman-Kennan thesis of containment”. The architect of the containment policies against the Soviet Union, George Kennan, pushed for a “Eurasian balance of power” by ensuring the vacuum left by Germany and Japan would not be filled by a power that could “threaten the interests of the maritime world of the West”.[6]

The US National Security Council reports from 1948 and onwards referred to the Eurasian containment policies in the language of Mackinder’s heartland theory. As outlined in the US National Security Strategy of 1988:

“The United States’ most basic national security interests would be endangered if a hostile state or group of states were to dominate the Eurasian landmass- that area of the globe often referred to as the world’s heartland. We fought two world wars to prevent this from occurring”.[7]

Kissinger also outlined how the US should keep the British strategy of divide and rule from the maritime periphery of Eurasia:

“For three centuries, British leaders had operated from the assumption that, if Europe’s resources were marshaled by a single dominant power, that country would then resources to challenge Great Britain’s command of the seas, and thus threaten its independence. Geopolitically, the United States, also an island off the shores of Eurasia, should, by the same reasoning, have felt obliged to resist the domination of Europe or Asia by any one power and, even more, the control of both continents by the same power”.[8]

Henry Kissinger followed the Eurasian ideas of Mackinder, as he pushed for decoupling China from the Soviet Union to replicate the efforts to divide Russia and Germany.

Post-Cold War: America’s Empire of Chaos

Less than two months after the collapse of the Soviet Union, the US developed the Wolfowitz doctrine for global dominance. The leaked draft of the US Defense Planning Guidance (DPG) of February 1992 argued that the endurance of US global primacy depends on preventing the emergence of future rivals in Eurasia. Using the language of Mackinder, the DPG document recognised that “It is improbable that a global conventional challenge to US and Western security will re-emerge from the Eurasian heartland for many years to come”.

To sustain global primacy, the “first objective is to prevent the re-emergence of a new rival”, which included preventing allies and frontline states such as Germany and Japan from rearming. The DPG also argued for preserving economic dominance as “we must account sufficiently for the interests of the advanced industrial nations to discourage them from challenging our leadership or seeking to overturn the established political and economic order”.[9]

The US abandoned the agreements for an inclusive pan-European security architecture based on “indivisible security” to mitigate security competition and replace it with alliance systems to divide the world into dependent allies versus weakened adversaries. Zbigniew Brzezinski authored the Mackinderian post-Cold War policies of the US to sustain global hegemony: “America’s global primacy is directly dependent on how long and how effectively its preponderance on the Eurasian continent is sustained”. The strategy of preserving US dominance was defined as: “prevent collusion and maintain security dependence among the vassals, to keep tributaries pliant and protected, and keep the barbarians from coming together”.[10]

If Russia would resist American efforts, the US could use its maritime dominance to strangle the Russian economy: “Russia must know that there would be a massive blockade of Russia’s maritime access to the West”.[11] To permanently weaken Russia and prevent it from connecting Eurasia by land, Brzezinski argued that the collapse of the Soviet Union should ideally be followed by the disintegration of Russia into a “loosely confederated Russia – composed of a European Russia, a Siberian Republic, and a Far Eastern Republic”.[12]

The Rise of Greater Eurasia

The US has become reliant on perpetual conflicts to divide the Eurasian continent and to preserve its alliance systems. US efforts to sever Russia and Germany with NATO expansionism and the destruction of Nord Stream have pushed Russia to the East, most importantly toward China as the main rival of the US. The cheap Russian gas that previously fuelled the industries of America’s allies in Europe is now being sent to fuel the industries of China, India, Iran and other Eurasian powers and rivals of the US. The efforts by China, Russia and other Eurasian giants to connect with physical transportation corridors, technologies, industries, and financial instruments are anti-hegemonic initiatives to balance the US. The age of Mackinder’s maritime hegemons may be coming to an end.

[1] Gaddis, J.L., 2005. Strategies of containment: a critical appraisal of American national security policy during the Cold War. Oxford University Press, Oxford, p.4.

[2] Mackinder, H.J., 1904, The Geographical Pivot of History, The Geographical Journal, 170(4): 421-444, p.434.

[3] Ibid, p.436.

[4] Spykman, N.J., 1942. America’s strategy in world politics: the United States and the balance of power. Transaction Publishers, New Brunswick, p.470.

[5] Ibid, p.182.

[6] Gaddis, J.L., 1982. Strategies of containment: A critical appraisal of postwar American national security policy. Oxford University Press, New York.

[7] White House 1988. National Security Strategy of the United States, White House, April 1988, p.1.

[8] Kissinger, H., 2011. Diplomacy. Simon and Schuster, New York, pp.50-51.

[9] DPG 1992. Defense Planning Guidance. Washington, 18 February 1992.

[10] Brzezinski, Z., 1997. The Grand Chessboard: American Primacy and its Geopolitical Imperatives. Basic Books, New York, p,40.

[11] Brzezinski, Z., 2017. How to Address Strategic Insecurity In A Turbulent Age, The Huffington Post, 3 January 2017.

[12] Brzezinski, Z., 1997. Geostrategy for Eurasia, Foreign Affairs, 76(5): 50-64, p.56.

January 24, 2025 Posted by | Economics, Militarism, Timeless or most popular | , , | Leave a comment

US Arms Ukraine, Europe Pays the Bill

Sputnik – 23.01.2025

NATO Secretary General Mark Rutte said on Thursday that European taxpayers would have to pay for US military supplies to Ukraine if the new US administration agreed to provide them.

“On Ukraine, we need US also to stay involved and to do as much as possible to get Ukraine in a position of strength, whenever peace talks start. But I can tell the Europeans, if this new Trump administration is willing to keep on supplying Ukraine from its defense industrial base, the bill will be paid by the Europeans,” he said at the World Economic Forum (WEF) in Davos.

The NATO chief said during the annual Ukrainian Breakfast event he was convinced that Europeans needed to be willing to pull their weight because, in his view, Americans were paying more despite being farther away from Ukraine than Europe.

Rutte also added that the alliance should increase its support for Ukraine in order to change the “wrong direction” in which the conflict is moving.

“We have to step up, not scale back, the support for Ukraine, we have to change the trajectory of the war which is ongoing, and so far we know the frontline is moving in the wrong direction,” Rutte said.

The annual WEF forum takes place from January 20-24 in the Swiss resort of Davos.

Russia believes arms supplies to Ukraine hinder the settlement process and directly involve NATO countries in the conflict. Russian Foreign Minister Sergey Lavrov has said the United States and NATO not only supply weapons to Kiev but also train personnel in the United Kingdom, Germany, Italy and elsewhere, which he argues is not conducive to peace.

January 23, 2025 Posted by | Economics, Militarism, Russophobia | , , | Leave a comment

Kuwait announces ‘significant’ oil discovery

MEMO | January 21, 2025

The Kuwait Oil Company yesterday announced the discovery of a new oil reserve in the Al-Julaiah offshore field within its territorial waters.

The company said in a statement, the discovery, estimated at around 950 million barrels of oil equivalent, is set to strengthen the nation’s standing as a global leader in crude oil production and exportation.

According to the statement, tests conducted on the Zubair geological reservoir in the Julaiah 2 exploratory well yielded promising production results. The field spans an area of 74 square kilometres, with reserves estimated at around 800 million barrels of medium-density oil, free of hydrogen sulphide and containing a low percentage of carbon dioxide.

Additionally, the field holds 600 billion standard cubic feet of associated gas, equivalent to 950 million barrels of oil equivalent.

The Julaiah field marks the second marine field discovered under the current exploration plan, following the discovery of the Al-Nukhadha marine field in July 2024.

January 21, 2025 Posted by | Economics | , | Leave a comment

Americans say US spends too much on Ukraine – poll

RT | January 20, 2025

The majority of Americans believe the US government is spending too much on aid for Ukraine, a recent New York Times/Ipsos opinion poll suggests.

According to the findings, 51% of respondents say the country is “spending too much” on Kiev, while 28% believe the current amount is appropriate. Only 17% say the country should boost spending on Ukraine.

Similarly, 53% of those surveyed say US aid to Israel is excessive, with 30% considering it adequate. The survey, conducted from January 2 to 10, involved 2,128 people nationwide.

Public sentiment reflected in the survey suggests that most Americans want Washington to prioritize domestic issues over foreign aid. Among the respondents, 60% say the US “should pay less attention to problems overseas and concentrate on problems here at home,” while only 38% believe the country should continue to be active in global affairs. The poll also indicates that 60% believe the US government is “almost always wasteful and inefficient,” while 72% say it is “working to benefit itself” and its own agenda, not the people.

This comes after the government’s recent decision to provide Ukraine with an additional $500 million military aid package, announced on January 8. Congress has appropriated a total of over $175 billion on assistance for Kiev since the conflict with Russia escalated in February 2022, of which $65.9 billion has been direct military assistance, according to the latest data from the Pentagon.

US spending on Ukraine has recently drawn criticism from Marco Rubio, President-elect Donald Trump’s pick for secretary of state in the upcoming administration. Testifying before the Senate Foreign Relations Committee as part of his confirmation last week, he said the US should no longer give Kiev indefinite support and criticized the outgoing administration of President Joe Biden for failing to clearly delineate the “end goal” of the funds it has been pouring into the conflict.

“What exactly were we funding? What exactly were we putting money towards?” he asked, saying the current approach of “however much it takes for however long it takes” is not realistic.

Moscow has warned that Western aid to Ukraine only serves to prolong the conflict without changing the outcome. It has said it is willing to find a diplomatic solution to the conflict, but maintained that any settlement must begin with Kiev ceasing military operations and acknowledging the reality that it will not regain control of former Ukrainian regions that voted to join Russia. Moscow has also insisted upon Ukrainian neutrality, demilitarization, and denazification.

January 20, 2025 Posted by | Economics, Militarism | , , , | Leave a comment

EU member pledges to veto future Ukraine aid

RT | January 19, 2025

Slovakia will veto any future Ukraine aid considered by the EU, Prime Minister Robert Fico has announced. Bratislava will now take a “reciprocal” approach to hostile moves by Kiev, he warned.

Fico issued the threat in a video address posted to social media late on Saturday. Ukraine’s Vladimir Zelensky believes everyone should be his “servant,” Fico asserted, warning such an approach would not work with him.

“In my case, the scythe hit a rock. Robert Fico is a Slovak prime minister and not a Ukrainian servant,” Fico stated.

Bratislava will take a “reciprocal” approach to Kiev in the row over the transit of Russian natural gas that Kiev ended at the beginning of the new year, Fico warned, pledging to veto any future aid packages from the EU. The packages require unanimous backing from all the members of the bloc to be passed.

The Slovak prime minister also reiterated other potential moves against Ukraine that he had articulated previously, namely halting the emergency electricity supply, stopping humanitarian aid deliveries, or cutting benefits received by Ukrainian refugees in Slovakia.

“I am increasingly convinced that President Zelensky is forcing us into reciprocity, and we will go for it,” Fico stated.

Once a major supporter of Ukraine, Slovakia changed its stance after Fico took office in late 2023, halting military aid to the country and pledging to veto its potential accession into the US-led NATO bloc.

The already strained relations between Bratislava and Kiev have further deteriorated owing to the row over the Russian gas, which Slovakia has been heavily dependent upon. Kiev opted not to renew the transit contract and halted the flow despite Moscow’s repeated signals that it was prepared to continue supplying its customers in the EU through Ukraine’s pipeline system.

Fico initially proposed negotiating with Zelensky on the border between the two countries, but the latter urged him through social media to come to Kiev instead. The response was deemed undiplomatic in Slovakia. Fico then proposed to meet Zelensky in Davos next week, where both leaders are expected to head. The proposal was openly mocked by Kiev, with Zelensky suggesting the Slovak leader could end up in Sochi, Russia, instead.

January 20, 2025 Posted by | Economics | , , , | Leave a comment

Is Australia willing to serve as a ‘beachhead’ for the US?

Global Times | January 16, 2025

“I see Australia as the beachhead to counter China… That’s why AUKUS is so important,” said Michael McCaul, the chairman of the Republican House Foreign Affairs Committee, in a roundtable meeting on Wednesday.

The term “beachhead,” according to the dictionary, refers to an area on a hostile shore occupied to secure further landing of troops and supplies. This is how the US views Australia: as a frontline base in the Asia-Pacific to maintain US’ strategic and military presence in the region and to serve the “Indo-Pacific Strategy” aimed at countering China’s rise.

With the thawing of China-Australia relations, the US is growing anxious. Even the Australian media has noticed this: “McCaul’s remarks add to impressions that with Republicans controlling Washington, Australia may be asked to do more to challenge China in the Asia-Pacific, despite the stabilization of relations achieved by Prime Minister Anthony Albanese.”

“This once again highlights how Australia is being instrumentalized and weaponized by the US, at the sacrifice of Australia’s political, economic and security interests, disregarding its sovereignty to serve US national interests,” Chen Hong, director of the Australian Studies Center of East China Normal University, told the Global Times.

Recently, Australia has been promoting the stabilization, improvement and enhancement of its relationship with China. In June last year, Albanese published an opinion piece, saying, “Working productively with China will benefit everyone in the region.” Three months later, before the visit of Australian Treasurer Jim Chalmers to China, he made it clear that the discussions would focus on “stabilizing the economic relationship with China.”

The Asia-Pacific region has maintained relative peace and stability. Clearly, this is a situation the US doesn’t want to see, so it once again uses AUKUS to remind Australia: Your role is simply to serve as America’s “beachhead.”

But from its inception, AUKUS has been a burden and a liability for Australia. On September 15, 2021, the US, the UK and Australia announced the creation of AUKUS. Australia’s total investment in the plan is a staggering 368 billion AUD (about $242 billion), with an additional 555 million EUR (about $585 million) to be paid to France as compensation for the cancellation of a previous submarine deal.

What’s worse, due to the US’ limited submarine production capacity and inadequate investment in UK and Australian shipyards, the AUKUS agreement is currently facing several challenges. More and more Australians believe that the US will ultimately fail to deliver the Virginia-class nuclear submarines. A possible alternative is that the US may station its nuclear submarines in Australian ports. Given that a US official has previously declined to explicitly guarantee that Australia will have full control of the AUKUS nuclear-powered submarines, Australia may ultimately face the loss of sovereignty over its submarine capabilities.

More importantly, Chen said the nuclear submarine fleet under the AUKUS framework is not tailored to Australia’s defense needs but serves the US’ military adventure plans against China. McCaul’s remarks about the US’ vision for the Asia-Pacific further support this point. “A third world war – if it occurred – would most likely break out in the Indo Pacific region… That’s why Australia, in my view, is the power in the Pacific that we need to fortify,” he said.

Albanese concluded his June article with the words, “Building a more prosperous and secure future for all who call the Indo-Pacific home.” This contrasts sharply with McCaul’s statement. For Australia, this is a strategic issue that requires deep thought and reflection: To what extent should Australia achieve its strategic autonomy and truly serve its own interests? Is the vision of the Asia-Pacific in the US blueprint the future Australia wants?

January 19, 2025 Posted by | Economics, Militarism | , , , | Leave a comment

300 Million Cubic Meters a Day? Russia-Iran Pipeline Promises Major Energy Boost

By Svetlana Ekimenko – Sputnik – 18.01.2025

The Comprehensive Strategic Partnership treaty signed between Moscow and Tehran on January 17 shed light on a new project to deliver Russian gas to Iran.

The gas pipeline’s route has been agreed on, it will pass through Azerbaijan, Russian Energy Minister Sergei Tsivilev confirmed.

Negotiations are in the final stages, volumes have already been agreed, and the sides are developing an approach to pricing, Tsivilev added. Russia will cover the infrastructure costs.

Volumes

The project is expected to start with deliveries of up to two billion cubic meters annually, with the prospect of increasing to 55 billion cubic meters.

When Gazprom and the National Iranian Gas Company (NIGC) signed a strategic memorandum on Russian gas supplies in June 2024, the Iranian side noted that about 300 million cubic meters of gas per day will be supplied daily (109 billion m3/year) via the Caspian Sea for domestic consumption and supplies to neighboring countries.

The declared volume of 55 billion cubic meters annually is comparable to the capacity of the Nord Stream twin undersea pipeline system to Europe, sabotaged in 2022.

The 30-year deal will supply Russian gas to Iran both for domestic consumption and for neighboring countries.

Why Does Iran Need Russian Gas?

Despite holding the world’s second-largest natural gas reserves (34 trillion cubic meters, after Russia), Iran is facing a fuel shortage as demand for natural gas exceeds production. Most of these reserves are untapped due to US-led sanctions that stall investment and technology improvement.

Iran’s main gas fields are concentrated in the south, and large consumers are in the north, in a region with a fairly harsh climate. In winter, Iran faces a daily shortfall of at least 260 million cubic meters of gas, straining the electricity supply.

January 18, 2025 Posted by | Economics | , | Leave a comment

Kushner’s Saudi-backed fund doubles stake in firm financing illegal West Bank settlements

The Cradle | January 17, 2025

Affinity Partners, the Saudi-funded hedge firm of President-elect Donald Trump’s son-in-law Jared Kushner, received approval from Israeli regulators to double its stake in Phoenix Financial Ltd., which funds the construction of illegal Jewish settlements in the occupied Palestinian West Bank.

Bloomberg reported on 17 January that Affinity could buy an additional 4.95 percent stake in the financial services firm at 37.5 shekels ($10.3) a share.

Phoenix’s share price has surged over 50 percent to around 58.5 shekels apiece since mid-July, when Kushner’s Miami-based firm announced the $128.5 million deal to buy its initial 4.95 percent stake, Bloomberg noted.

Kushner has held up the deal as a sign of his company’s confidence in the war-racked country’s economy.

“Investing in Phoenix in July 2024 was a decision rooted in my belief in Israel’s resiliency and the fundamentals of Phoenix’s business,” Kushner said in a statement to Bloomberg.” Six months later, the increased value of our shares, reaffirms my conviction – both in Israel’s strength and the growing promise of Phoenix.”

Kushner founded Affinity, which has other investments in Israel, including a stake in S Shlomo Holdings’s car and credit division, with $2 billion in Saudi funding after leaving his role as senior White House advisor during the first Trump administration.

Kushner established a close relationship with Saudi Crown Prince Mohammad bin Salman (MbS) while serving in the White House.

Kushner is the son-in-law of US President-elect Donald Trump and served as his senior White House advisor in his first term. Kushner played a pivotal role in the Abraham Accords, which normalized relations between Israel and some Arab nations in 2020. Trump is now expected to try bringing Saudi Arabia into the accords.

In addition to receiving backing from Saudi Arabia’s Public Investment Fund (PIF), Kushner raised an additional $1.5 billion from the Qatar Investment Authority and Abu Dhabi-based Lunate, bringing its assets under management to $4.6 billion.

Pheonix Financial has financed and insured construction projects throughout Israeli settlements in the occupied West Bank and the Syrian Golan Heights.

According to the NGO watchdog Who Profits, Phoenix owns an 80 percent stake in a large shopping mall in an illegal East Jerusalem settlement and stakes in various companies operating throughout other settlements.

Phoenix has also helped finance wind and solar projects in illegal Israeli settlements and provided financial services to the local councils of settlements, including the Beitar Illit and Oranit settlements in the West Bank.

Kushner’s investment in Pheonix comes just days before Trump is set to take office once again.

Israeli settler leaders celebrated Trump’s election and anticipate permitting them to annex the West Bank and greatly expand building settlements for Israeli Jews there.

The Israeli government is also seeking to expand the building of Jewish settlements in the occupied Syrian Golan Heights.

In December, Prime Minister Benjamin Netanyahu’s government announced it would invest more than $11 million to “encourage demographic growth” in the Golan, which Israeli forces first occupied in 1967.

Israel moved to expand its illegal occupation of Syrian territory in the Golan immediately after the Syrian government, led by president Bashar al-Assad, was toppled by militants from Hayat Tahrir al-Sham (HTS), the former Al-Qaeda affiliate, on 8 December.

January 17, 2025 Posted by | Economics, Ethnic Cleansing, Racism, Zionism, Illegal Occupation, War Crimes | , , , , , , | Leave a comment

Russian oil product exports shoot up – Bloomberg

RT | January 17, 2025

Russia’s refined fuel exports have surged to their highest level in nearly a year, even as the US imposed new sanctions on the country’s energy sector last week, Bloomberg reported on Thursday.

Seaborne shipments of Russian petroleum products hit an 11-month high, averaging 2.5 million barrels per day (bpd) in the first ten days of January, the outlet said, citing data from analytics firm Vortexa. The surge marks a 12% increase compared to December’s daily average and represents the highest level since February 2024, according to the report.

The US slapped a new round of sanctions on Russia last week in coordination with the UK. The measures targeted major Russian oil companies such as Gazprom Neft and Surgutneftegas, as well as dozens of vessels allegedly used to transport Russian oil in defiance of Western restrictions, which the US has described as a ‘shadow fleet’.

Moscow has condemned the sanctions, calling them “illegal,” with Kremlin spokesman Dmitry Peskov warning that they could destabilize global energy markets.

The latest round of sanctions targets more than 180 tankers allegedly involved in Russian trade, primarily focusing on crude oil shipments. However, only about 4% of petroleum products exported between January 1 and 10 were transported on sanctioned tankers, data from Vortexa, showed. Additionally, there has been no deviation observed in the voyages of these vessels.

The recent surge in Russia’s petroleum products exports is primarily driven by surging shipments of diesel and fuel oil, the outlet said. Revenue gains from fuel exports in December exceeded the decline in crude oil earnings, supported by soaring gasoil flows and higher prices, Bloomberg said citing the International Energy Agency (IEA).

Diesel and gasoil exports, which make up about 40% of Russia’s refined-fuel shipments, jumped 17% from December levels to 1.08 million bpd, the highest since last February. Shipments from Baltic ports rose by over 50%, contributing to the growth, data showed.

Fuel oil flows also increased, reaching 792,000 bpd which represented a 19% increase and the highest level since July 2023. Volumes to Africa saw the most significant rise.

January 17, 2025 Posted by | Economics | , , | Leave a comment

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