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French MEP backs Medvedev’s attack on NATO

RT | October 14, 2024

Former Russian President Dmitry Medvedev was stating the “absolute truth” when he took aim at NATO countries and their support for Ukraine in a scathing recent social media post, French MEP Florian Philippot has said.

The European Parliament member was commenting on a post published by Medvedev on Sunday, in which he pointed to the problems that Ukraine’s Western backers are facing with their economies.

“The West has no money to clean up Florida after Hurricane Milton, no money for French farmers, no money to revive the German industry,” Medvedev, who now serves as deputy head of the Russian Security Council, wrote on Telegram.

These countries, however, still have funds to bankroll “a bunch of drunk and crazy” Ukrainians and to produce weapons “to exterminate the Slavs in the military conflict,” he added.

In a post on X, Philippot, who is leader of the Patriots party, wrote that Medvedev “just smashed the NATO countries by throwing absolute truths at them.” Philippot also took aim at French President Emmanuel Macron, saying he is “also taking a beating” for his recent pledge of a “new check for 3 billion to Zelensky.”

Philippot called on Macron to “stop these checks and these arms shipments,” arguing that Medvedev’s remarks are “factually terribly true!”

During a visit last week to a military camp in eastern France to inspect the training of Ukrainian troops, Macron pledged some €3 billion ($3.3 billion) worth of military aid for Kiev this year. Earlier in 2024, French farmers staged massive protests across the country, demanding that preferential trade rules granted to Kiev be lifted and calling for more government support.

In the US, former President Donald Trump last week accused the administration of President Joe Biden of neglecting the survivors of Hurricane Helene in the southeastern part of the country while sending billions of dollars in aid to Ukraine.

Meanwhile, Germany, which has emerged as one of Kiev’s top backers, is facing a new recession and its economy is set to contract for a second straight year due to shrinking industrial output, high energy prices, and weak foreign demand, according to reports.

October 14, 2024 Posted by | Economics, Militarism | , , , , | Leave a comment

EU Leaders Face Grim Reality: How Did Bloc Seal Status as Wilting Geopolitical Power?

By Ilya Tsukanov – Sputnik – 13.10.2024

Back in the spring of 2022, Russia’s president warned that the European Union’s “suicidal” and “absolutely political” decision to wean itself off of cheap and dependable Russian pipeline energy would culminate in the serious and “perhaps irreversible” loss of competitiveness against other world powers.

“The European project is approaching a tipping point” and threatens to fall into “apathy” and geopolitical irrelevance thanks to internal “political paralysis, external threats and economic malaise,” Bloomberg European Politics & Economics managing editor Ben Sills has suggested in a wistful ode to the EU’s unenviable political and economic prospects in the years to come.

“After decades of warnings and sub-par growth, the region’s leaders are suddenly confronting a barrage of evidence that decline is becoming unstoppable,” Sills’ piece, appearing on the NY-headquartered business news agency’s front page on Sunday, warned.

Pointing to a string of political and economic ‘bad news’ for Europe’s Europhile forces, from gains by the populist right in France to German carmaker giant Volkswagen’s threats to close factories, to Silicon Valley’s exit from European markets over stringent AI rules, the observer suggested that the developments demonstrate “the EU’s failure to act as a cohesive and dynamic economic bloc” against both adversaries and potentially, its allies across the Atlantic.

“If you wanted to be a geopolitical power, then economic might is the key ingredient,” Free University in Brussels professor Guntram Wolff told the outlet, stressing that in Europe, “productivity growth has just been a disaster,” and that while the region “is still rich… these differentials over 20 years have massive implications.”

“Something is changing very dramatically and very, very deeply in this world,” ex-Polish president Aleksander Kwasniewski said. “We can’t react correctly, because we are too slow,” he warned.

By comparison, while the US and China – Europe’s major competitors, face problems of their own, they at least have institutions for centralized decision-making, and the ability to “generate vast amounts of private or public capital for defense and investment in cutting-edge technology” – something that’s not the case in the EU’s case.

Sills pointed to surprisingly frank comments by Emmanuel Macron at a panel in Germany earlier this month, where the French president highlighted the “risk” the bloc faces of finding itself “out of the market” if it continues its classic strategies, and pointed to the loss of cheap Russian energy supplies after 2022, combined with the Biden administration’s moves to lure European industries out of the bloc via cheap energy and subsidies, as central to undermining the EU’s export-centered economies’ competitiveness.

“That adds to pre-existing challenges posed by the rise of China and its own vast manufacturing machine, and the global leap forward in technology innovation that has largely bypassed the region,” Sills suggested, warning that “the result threatens to cause damage that goes beyond simply lagging in investment and productivity,” causing EU leaders to ‘lose faith’ in the European project itself.

“It’s not just Eurosceptics like Hungary’s Victor Orban, a perennial thorn in the bloc’s side. Officials in core European countries are starting to view the EU as an obstacle they need to get around – rather than the source of prosperity and protection it has represented until now,” the observer stressed, pointing, for example, to Paris’s talk of integration with a smaller bloc of Western European economies, and divisions on issues like defense and Chinese investment inflows.

But the EU’s woes have been a longtime coming, Sills stressed, pointing out that the bloc has been in “relative decline” going as far back as the euro monetary union in the late 1990s, and citing a Bloomberg analysis estimating that the bloc would be €3 trillion richer “if it had kept pace with the US – enough to boost the income of the average worker by about €13,000 a year.”

Instead, after 2008 and particularly since 2022, many of the region’s traditional powerhouse economies, including Germany, have been teetering on the brink of and occasionally slipping into recession, and facing deindustrialization amid self-inflicted, unsustainably high energy prices, loss of markets and increasingly potent foreign competition.

“Today we see that for absolutely political reasons, due to their own ambitions and under pressure from their American overlords, European countries are imposing more and more sanctions on the oil and gas market,” President Putin said in May 2022 as Brussels announced plans to wean itself off of cheap and dependable pipeline-delivered Russian oil and gas.

“Rejection of Russian energy resources means Europe will systematically become the region with the highest energy costs in the world… This will seriously – and according to some experts irrevocably – undermine the competitiveness of a significant part of European industry, which is already losing the competition to companies in other regions of the world,” Putin said at the time. “One gets the impression that our Western colleagues, politicians and economists have simply forgotten the foundations of the elementary laws of economics, or, to their detriment, prefer to deliberately ignore them,” he added.

October 13, 2024 Posted by | Economics | , | Leave a comment

West must come to terms with the fact that it’s strategy has completely failed, get real about peace terms

By Sergey Poletaev | RT | October 12, 2024

Joe Biden is expected to make some new decisions regarding Ukraine in the weeks leading up to the country’s November elections. The US president was supposed to attend an important meeting of Kiev’s backers in Rammstein, Germany, on October 12, but canceled his visit, citing the need to stay at home due to Hurricane Milton.

What decisions can we expect to be made when it eventually takes place? Most likely, nothing particularly important will happen – here’s why.

A unified stance

Amidst the fog of propaganda, it can be hard to discern true motives, and often these only become clear over time.

After the start of Russia’s military operation, in February 2022, Western media presented a unified and convincing narrative: the entire so-called “free world” came together to defend Ukraine, determined to deliver a strategic blow to Russian President Vladimir Putin and restore the US-led global order. However, these proclamations didn’t match the steps taken by the West. After all, if your goal is to defeat an opponent, shouldn’t you do everything in your power to achieve it?

If the West was counting on a Ukrainian military triumph, it should have provided as much military aid to Kiev as possible. The first step would have been to open up full access to Western weapons arsenals; the second would have been to accept the country into NATO and turn it into a key stronghold on the border with Russia. Even if Putin would have done everything to stop this, such a step would automatically signify his defeat, since even a nuclear strike wouldn’t be able to change the situation and reverse the West’s decision.

Historical examples clearly illustrate this point. For instance, after withdrawing its troops, the West provided South Vietnam with nearly 3,000 aircraft and helicopters, 200 ships, over 2,500 combat boats, more than 1,000 tanks, up to 2,500 towed and self-propelled artillery pieces, and around 100,000 heavy vehicles, along with other equipment. Compare this to the situation in Ukraine, where receiving a dozen outdated fighter jets or two dozen old tanks is a major event.

Let’s take another example. In the aftermath of WWII, and during the Cold War, Türkiye became a key strategic region. Then Soviet leader Joseph Stalin demanded the country’s neutrality and even sought to establish a Soviet naval base in the area of the Bosphorus and Dardanelles straits. The USSR’s former allies, the US and UK, could not allow a Soviet military facility in the Mediterranean Sea, so Türkiye was accepted into NATO just three years after the alliance was formed, despite the fact that the country had nothing to do with the North Atlantic region or ‘Western democracies’. At the time, the Truman Doctrine was in effect, and the US was offering a security umbrella to anyone ‘under threat’ from communism.

The West isn’t buying Zelensky’s ‘Victory Plan’. So what happens next?

Why are things different now? The doctrinal principle that has shaped the West’s policy on Ukraine since 2014 is to prevent Putin from achieving his goals without engaging in a direct military conflict with Russia.

Biden and his administration have consistently stated that their priority is to avoid a full on confrontation with Russia, yet this message has largely been forgotten.

How does this principle align with what we have today – the largest armed conflict in Europe since World War Two, in which the West is fighting Russia by means of the Ukrainian army? Sure, it may not be on the same scale as Vietnam, but the military aid provided to Kiev is still significant.

The answer is simple: the decision-makers in the West – often referred to as the globalists – never truly believed that Ukraine could defeat Russia on the battlefield (Well, let’s say almost never; there was one notable exception, which we’ll discuss later).

Biden’s doctrine implied that the West could achieve its goals through financial and trade strategies. Recognizing that an armed conflict was looming, the globalists spent years developing an “economic nuclear bomb” that was supposed to bring Russia to its knees.

The plan was ambitious: they assumed that unprecedented “sanctions from hell” would essentially block Russia’s access to the outside world, plunging it into economic chaos and ultimately toppling the country’s current ruling elite. Maybe this wouldn’t happen overnight; perhaps it would take years, but the idea was that the Russian government would eventually yield to the demands of a people suffering from the sanctions, and would then yield to Western demands without firing a single shot. This would not only serve as a harsh lesson for Russia but would also send a strong message to the main enemy: China.

Ukraine’s military resistance wasn’t factored into this equation; many will recall that the Pentagon initially estimated that Kiev would fall within three days. Ironically, the US thought that if the 30-million-strong nation found itself under Russian control (the legitimacy of which no country in the world would officially recognize), it would become an unbearable burden for Putin and would only hasten Russia’s economic collapse.

How to lose friends and alienate sponsors: Zelensky is making enemies in America

Moscow failed to achieve its goals through a swift and relatively bloodless military operation, while the West eventually realized that its sanctions didn’t achieve the intended effect either – or perhaps even backfired. After brands like Ikea, Starbucks, and Disney left Russia, the Russian people didn’t rise up to overthrow Putin; and the seizure of rich people’s yachts and mansions didn’t spur a regime change either.

In reality, the globalists dramatically overestimated the West’s influence over economic processes, not only in the so-called Global South but even in their own backyard. Three years into the conflict, they still cannot prevent dual-use and military goods from entering Russia, let alone everyday consumer products. Moscow quickly rerouted its trade flows, bypassing the West, found new partners, prioritized import substitution, and, despite certain challenges, achieved noticeable and sustained growth in its economy and foreign trade. All of this turned out to be beyond Western control.

So, the original plan didn’t work out, and this prompted the West to urgently invent a new strategy.

At the same time, the Russian military didn’t take Kiev, and strategically withdrew from northern Ukraine. Vladimir Zelensky convinced NATO countries that this was the result of the military triumph of the Armed Forces of Ukraine (AFU). He argued that if the West provided Ukraine with enough weapons, it could hold out for a significant period of time. Back then, in the spring of 2022, the outcome of the economic war was still unclear, and with no better ideas on the table, the West settled on the following plan: the Ukrainian army would wear Russia down in combat, while Western sanctions would do the rest.

The Rammstein meetings on Ukraine became a platform for making major decisions regarding military supplies; at the same time, Western diplomats toured the Global South, urging it to join the economic war against Russia.

At that time, there was still no talk of admitting Ukraine into NATO or directly intervening in the conflict. However, at some point, the West came to believe its own propaganda: it came to think of the Russian army as a paper tiger which might be easier to crush than the Russian economy. At that point, Western leaders became convinced that they could force Putin to bend to their will through military rather than economic means.

This shift occurred in the fall of 2022, after Ukraine’s attack on the Crimean Bridge, and advances in Kherson and Kharkov regions, the chaos of partial mobilization in Russia, and the resulting emigration of some dissenters. At that time, some seemed to believe that one more push could bring Putin down.

Riding this wave of optimism, the globalists approved a major Ukrainian counteroffensive. Throughout the winter of 2022-2023, tank, artillery, and missile units were formed, and new, highly motivated Ukrainian brigades were trained in Western Europe. They were supposed to break through to the Sea of Azov and bring Putin to his knees. For this counteroffensive, the West supplied Ukraine with as many weapons as it could without compromising its own interests.

A suitcase without a handle

Everyone knows how this story ended. Kiev’s operation failed and became a turning point in the conflict. Having fallen far short of achieving its military goals, Kiev lost the trust of its backers who realized that they were initially right to think that Ukraine could never win this conflict on the battlefield.

However, it also became clear that Biden’s doctrine was ineffective. Russia couldn’t be economically crushed and it couldn’t be defeated on the battlefield. So what now?

Since the spring of 2022, we have often pointed out that the West has to make a choice: either engage in serious negotiations with Russia or enter into a direct military conflict. However, no one in NATO has been willing to take responsibility for such a decision – neither the increasingly incapacitated Biden, or Western European politicians. Who are equally unfit, but for different reasons.

For now, all the West can do is continue to send aid to Ukraine, while the latter can still try to hold out on the frontlines. At the same time, the West is trying to “test the ground” about possible negotiations with Moscow, but so far this has amounted to little more than wishful thinking. NATO has convinced itself that the Kremlin will be happy to freeze the conflict without any commitments, as long as such an option is put on the table.

What happens when this third gamble fails as well? Will the West finally shake off its lethargy and make a clear choice, or will it continue to go with the flow?

It seems that all the scheduled participants of the Rammstein meeting were probably happy enough at the news of its cancellation. Clearly, neither the outgoing US president nor NATO’s European members have any viable ideas regarding Ukraine. This means that, at least until the US elections, Ukraine will continue to endure reverses, to the accompaniment of the globalists’ hollow rhetoric.

Sergey Poletaev is an information analyst and publicist, co-founder and editor of the Vatfor project.

October 12, 2024 Posted by | Economics, Militarism | , , | Leave a comment

Housing prices are exploding and the EU is going to make it worse, warns Polish MEP

Remix News | October 10, 2024

Housing prices are exploding, warns Polish MEP Anna Zalewska, and EU policy backed by commission President Ursula von der Leyen will lead to disaster.

“In the European Parliament, we have recently been discussing crises themselves — the automotive industry, the competitiveness of the EU economy and yesterday, the housing crisis,” said MEP Anna Zalewska. “There is one conclusion from all these debates. Ursula von der Leyen is leading the European Union to the edge of the abyss.”

Zalewska claims that the reason for the housing crisis is EU climate regulations during the 10th session of the EU parliament, according to Polish news outlet Do Rzeczy. She cites the energy efficiency directives, as well as the regulation on eco-design, on construction products, and the certification of CO2 emissions. All of these factors are rapidly driving up the cost of not only modernizing homes, but also the cost of building new ones.

“This will make housing not only a luxury good, but also an unattainable good. What is the European Commission proposing? If someone does not comply with these documents, they will pay fines on how their apartment is heated, among other things. These documents should be thrown in the trash,” Zalewska.

Even left-wing organizations and news outlets have acknowledged that “green renovations” are driving up housing and apartment prices. In many cases, any renovations landlords will need to make to meet energy efficiency and carbon goals will be passed on to tenants.

“With their sights set on energy efficiency, policy-makers neglect that green renovations are driving up rents for the most vulnerable. Only with strong social protections and a shift away from financialization can the basic right to housing be made compatible with curbing emissions,” writes the Green European Journal.

Housing costs across Europe have already soared over the last 10 years, but in many countries, such as Germany, new-build construction has slowed dramatically. Builders cite high building material costs, high costs for labor, and a shortage of labor. In addition, national regulations have placed serious cost burdens on developers and construction companies. Now, EU regulations are expected to cost €1 trillion to bring buildings up to code in Europe in terms of energy efficiency.

However, EU regulations are not the only factors. Mass immigration is also driving up rental and even housing prices in Europe, especially in migrant-heavy countries such as Germany. Many newcomers want to live in the cities, where competition for housing is intense.

For instance, in 2002, Remix News reported that Germany’s apartment vacancy rate has seen its biggest decline in more than 20 years, falling to just 2.5 percent nationwide at the end of 2022, and migration is being fingered as one of the primary causes behind the crisis.

The data, published by consulting institute Empirica and the real estate specialist CBRE, shows that the “market-active vacancy rate,” apartments that can be rented out immediately or offered for rent over the medium term, fell 2.5 percent to about 554,000 residential units at the end of 2022.

“The (drop) in vacancies in 2022 was characterized by the immigration of around 1 million people from Ukraine,” said Empirica CEO Reiner Braun at the time.

Poland, on the other hand, has not seen an influx of foreigners at the same rate as Germany, although hundreds of thousands of Ukrainians have arrived in the country in recent years. Other factors at work are internal migration patterns to larger cities away from rural areas, international investment and speculation, and gentrification trends.

Although housing prices dipped in many countries shortly after the Covid-19 pandemic — which sent asset prices, including real estate, to sky-high prices — real estate prices are already recovering and marching higher, according to a new report from ING.

October 11, 2024 Posted by | Economics, Malthusian Ideology, Phony Scarcity | , | Leave a comment

A Resurrection of the Austro-Hungarian Empire? – Part 21 of the Anglo-American War on Russia

Tales of the American Empire | October 10, 2024

After Russian intervention in Ukraine in 2022, the United States pressured its European vassals to end all trade with Russia, and later China to slow its economic growth that outperforms the United States. This has led to three years of economic decline in European Union economic bloc, known as the EU, as energy prices to tripled.

Europeans are angry, so if victorious Russian troops arrive on Ukraine’s western border, several EU nations may leave the dying EU to relink to prospering Asia and access to cheap Russian energy.

Leaders of some EU nations are openly critical of mandates banning trade and allowing mass immigration. Leaders of Hungary, Slovakia, Austria, and Croatia are quietly discussing the advantages of leaving the EU. These nations were once united into the powerful Austro-Hungarian empire until it was dissolved by victorious France and Britain in 1919. Political, business, and cultural ties remain, so they may form their own economic block. Serbia never joined NATO nor the EU and remains friendly with Russia, so would join this union.

A new Balkan economic block would prosper by allowing trade with Russia, China, Russian controlled Ukraine, and could join forces to guard borders from mass illegal immigration.

________________________________________

“Resurgent far-right conjures Austria-Hungary headache for EU on Ukraine”; Francois Murphy; Reuters; August 4, 2024; https://www.reuters.com/world/europe/…

Related Tale: “The Destruction of Yugoslavia”;    • The Destruction of Yugoslavia  

“A Rumored Resurrection of Austria-Hungary”; Matthew Karnitschnig; Politico; December 13, 2023; https://www.politico.eu/article/vikto…

“Austrian Right-Wing Freedom Party Scores Historic Victory In National Elections”; Tyler Durden; Zero Hedge; September 30, 2024; https://www.zerohedge.com/markets/aus…

“Ukraine to end gas transit agreement with Russia, PM Shmyhal”; Energy pipelines to central Europe may shutdown soon; Remix; Oct. 7, 2024; https://rmx.news/article/ukraine-to-e…

Related Tales: “The Anglo-American War on Russia”;    • The Anglo-American War on Russia  

October 11, 2024 Posted by | Economics, Video | , , , , | Leave a comment

Energy prices cross a critical threshold in Poland, leaving some companies fighting for their lives

By Liz Heflin | Remix News | October 10, 2024

Energy prices have crossed a critical point in Poland, leaving some companies fighting for their lives, according to wnp.pl. The site further says that the EU’s goal of lowering greenhouse gas emissions means higher obligations on those companies that depend on energy usage.

Market participants are finding it increasingly difficult to compete, with those relying on coal burdened by emission fees. “The energy-intensive industry is responsible for over 20 percent of Poland’s GDP,” WNP says, which has led to more and more demand for renewables to lower carbon footprint and remain competitive.

Henryk Kaliś, president of the board of the Chamber of Industrial Energy and Energy Recipients, says the key factor for companies is not the price of energy itself, but whether it allows for profitable production and competition with foreign (non-European) companies. Electricity prices need to be below 60 euros per megawatt-hour to compete, and prices have already surpassed this threshold.

The EU’s climate policy affects companies across the continent and has led to European industry moving to Asia. However, Poland is in a particularly vulnerable position, as gas fuel accounts for 45 percent of the country’s energy system, explains Robert Tomaszewski, head of the energy department of Polityka Insight. Compare this to Scandinavian countries where electricity is mainly supplied by hydroelectric power plants, Spain where nuclear and renewables make up 70 percent of the energy mix, or France which has turned back on their nuclear plants, driving one megawatt-hour of electricity down to €47.

In early August, Polityka Insight’s data had Poland’s average wholesale price of electricity at an average of €90 per megawatt-hour, with higher prices only seen in Ireland (€98.68) and Italy (€95-98)

Mikołaj Budzanowski, who sits on the management board of Poland’s Boryszew Group, says there is no doubt that high energy prices are a major problem for Polish industry.

October 10, 2024 Posted by | Economics, Malthusian Ideology, Phony Scarcity | , , | Leave a comment

Russian victory will liberate Europe – top French historian

RT | October 9, 2024

A Ukrainian defeat would represent a victory for Europe, French anthropologist Emmanuel Todd has claimed, in an interview with the Italian news outlet Corriere di Bologna published on Tuesday.

According to Todd, who has stressed that he is not an explicit supporter of Moscow, if Russia were to lose in the Ukraine conflict, this would allow “European submission to the Americans to be prolonged for a century.”

The leading intellectual has argued that Europe has effectively delegated the representation of the West to the US and has been paying the consequences ever since. He claims in the interview that nothing can be done to change this fact at the moment due to the ongoing Ukraine conflict, but suggests that its outcome will “decide the fate of Europe.”

“If, as I believe, the US is defeated, NATO will disintegrate and Europe will be left free,” Todd told the outlet, noting that it is unlikely that Russia would be compelled to militarily attack Western Europe after establishing itself on the Dnieper River.

“Russia will have neither the means nor the desire to expand once the borders of pre-communist Russia are reconstituted. The Russophobic hysteria of the West, which fantasizes about the desire for Russian expansion in Europe, is simply ridiculous for a serious historian,” he said.

A number of Western leaders have in recent months raised concerns that if Russia were allowed to defeat Ukraine it would eventually set its sights on other European and NATO countries.

Moscow, however, has repeatedly stressed that it has no intention of attacking any other countries once it accomplishes its goals in Ukraine. Russian President Vladimir Putin has dismissed talk of a ‘Russian threat’ as “nonsense” being peddled by Western governments to scare the European population in order to “extract additional expenses” from them.

October 9, 2024 Posted by | Economics, Militarism, Russophobia | , , | Leave a comment

EU economy suffering from loss of Russian energy – Orban

RT | October 9, 2024

The EU’s refusal to buy Russian energy has been crippling the bloc’s economic growth, Hungarian Prime Minister Viktor Orban told a plenary session of the European Parliament on Wednesday.

Orban, whose country currently holds the EU’s six-month rotating presidency, was addressing the parliament in Strasbourg, France.

“EU productivity is growing at a slower pace than that of our competitors. Our share of world trade is declining,” he said.

He added that EU businesses were facing electricity prices that are two to three times higher than in the US. And when it comes to natural gas, “prices are four to five times higher.”

Half of European companies consider the cost of energy to be the main obstacle to investment, according to Orban. In energy-intensive industries that are vital for the bloc’s economy, production has fallen by between 10% and 15%, he claimed.

“Moving away from Russian energy has endangered the European Union’s GDP growth, while significant financial resources had to be redistributed to energy subsidies and the construction of infrastructure necessary for the import of LNG,” Orban said.

The Hungarian PM added that the EU should not be under the illusion that a green transition will solve the problem. He cited study results suggesting that “the share of fossil fuels will not change significantly until 2030.”

The EU declared the elimination of its reliance on Russian energy as one of its key priorities after hostilities in the Ukraine conflict broke out in February 2022. Sanctions imposed on Moscow and the sabotage of the Nord Stream pipeline in 2022 have led to a dramatic drop in Russia’s gas supplies to the EU. The bloc has turned to the US and the Middle East to replace them with costlier liquefied natural gas.

Russia reportedly accounted for over 16% of the value of natural gas imports into the bloc in the first quarter of this year, down from 40% in 2021. According to estimates by Russia’s Energy Ministry, American LNG is 30-40% more expensive than Russian pipeline gas.

Prior to the Ukraine conflict, Washington had for years been pressuring the EU to cut its dependence on Russian energy.

In June, the EU banned some operations related to LNG of Russian origin, including reloading, ship-to-ship transfers, and ship-to-shore transfers with the purpose of re-exporting to third countries via the bloc. Russian seaborne gas imports into the EU remained permitted via LNG terminals that are linked to the interconnected natural gas network. However, the bloc has stopped short of imposing sanctions on the fuel beyond a ban on trans-shipments, which has yet to come into force.

Former European Central Bank president Mario Draghi said last month that the EU’s global economic competitiveness has been substantially eroded due to the loss of cheap energy from Russia.

October 9, 2024 Posted by | Economics, Russophobia | , | Leave a comment

Washington spent at least $23bn in one year to assist Israel: Report

The Cradle | October 8, 2024

The US government spent at least $22.76 billion between 7 October 2023 and 30 September 2024 to support Israel’s genocide of Palestinians in Gaza and fuel the raging regional war, according to a report published by Brown University’s Costs of War project.

Since the launch of Operation Al-Aqsa Flood by Hamas one year ago, Washington provided Israel with $17.9 billion in military aid alone, the highest amount in the two countries’ histories, adjusted for inflation. Nevertheless, the report highlights that “this figure represents only a partial picture of total US support for the Israeli [army] over that time period.”

A large portion of Washington’s “security assistance” for Israel consists of munitions, from artillery shells to 2,000-pound bombs that have been dropped over residential areas in Gaza and Lebanon.

“The weapons have come through a variety of channels, including existing US stocks, including the multi-billion dollar WRSA-I stocks located in Israel, commercial sales approved by the State Department, Foreign Military Sales (FMS) approved by State and negotiated and brokered by the Pentagon, Foreign Military Financing (FMF), which provides grants for the purchase of US defense articles and services, and the Excess Defense Articles (EDA) program, which provides used systems no longer needed by US forces for free or at a steep discount,” the Costs of War report details.

However, Washington has worked to obscure “the full amounts of aid and types of systems through bureaucratic maneuvering,” in particular, by making sure that over 100 arms deals signed with Tel Aviv over the past year did not exceed the threshold that would have required reporting them to Congress: “$14 million for major defense equipment and $50 million for defense articles and services, ranging from weapons systems to equipment maintenance and military training.”

Based on publicly available information cited by the researchers, the $17.9 billion figure is divided as follows: $4 billion to replenish Iron Dome and David’s Sling missile defense systems; $1.2 billion for the Iron Beam defense system; $3.5 billion for the procurement of advanced weapons systems, defense articles, and defense services through the FMF program; $1 billion to enhance the production and development of artillery and critical munitions; $4.4 billion to replenish defense articles and defense services provided to Israel from US stocks; finally, the total figure also includes Israel’s usual annual military aid installment of $3.8 billion.

The amount surpasses what Washington spent during the 1973 Arab–Israeli war and is about four times the amount Israel received in the 1980s during its war with the Palestinian Liberation Organization (PLO) in Lebanon, its 15-year occupation of Lebanon, and the 2006 war with Hezbollah.

“Israel receives favorable financing arrangements related to US military aid. For example, US aid is provided on a ‘cash flow’ basis, which means that Israel is able to finance multi-year purchases from the US based on future commitments before the funds have been officially appropriated by Congress … Unlike any other country in the world, Israel is allowed to spend 25% of its routine annual military aid from the United States on its own arms industry,” the report highlights.

Since October 2023, the US has spent an additional $4.86 billion funding its illegal war against Yemen and its failed efforts to protect western trade interests in the Red Sea and beyond. This figure includes $2.4 billion approved by Congress in April for “military operations in the broader region to respond to attacks over the next year,” another $2.4 billion in operation costs for “additional Aircraft Carrier Strike Groups and additional actions against [Yemen],” and between $50 to $70 million in additional combat pay for troops.

“There are an estimated 40,000 American personnel stationed in the region, (including personnel on ships, aircraft, and bases) (compared with 34,000 prior to October 7, 2023). This number rose to 50,000 in early August 2024, when Secretary Austin ordered a second carrier strike group to the area after Israel assassinated Hamas leader Ismail Haniyeh in Tehran,” the report states.

By June, the US navy estimated it had fired $1 billion worth of munitions to confront Yemeni attacks. Furthermore, the Yemeni armed forces have downed at least 11 US MQ-9 Reaper drones over the country. With each costing $30 million, Sanaa has handed Washington at least $330 million in losses.

Finally, the Costs of War investigation reveals that western arms dealers are the ones reaping the benefits of Washington’s unchecked spending to support Israel’s genocidal war, chief among them Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, RTX, and other equipment producers such as Caterpillar.

October 8, 2024 Posted by | Economics, Ethnic Cleansing, Racism, Zionism, Militarism | , , , , | Leave a comment

Sanctions have made Russian economy stronger – top academic

RT | October 8, 2024

Western sanctions imposed on Russia amid the Ukraine conflict have made the country’s economy stronger, Nikita Anisimov, rector of the HSE University in Moscow, has said.

Speaking on behalf of HSE economists at a parliamentary hearing on the draft of the 2025-2027 federal budget on Monday, Anisimov said sanctions have effectively propelled the restructuring of the country’s economy. According to the expert, this has led to Russia “essentially ceasing” its dependence on the export of raw materials such as oil and gas for income – a task the government has been grappling with for years.

“As a result, today, largely due to the situation of external shocks and the rapid restructuring of our economy, we have been able to significantly reduce our dependence on raw materials exports. Thus, we can say that the sanctions have only made our economy stronger and more resilient,” Anisimov stated.

The subject of Russia’s successes in cutting reliance on oil and gas revenues was raised by President Vladimir Putin at the St. Petersburg International Economic Forum (SPIEF) in June. He noted that Russian GDP expanded by 3.6% last year, bouncing back from a 1.2% downturn in 2022, when the country was first targeted by the West’s wide-ranging economic restrictions. Most of that growth stemmed from non-resource-based industries such as manufacturing, construction, and agriculture, as well as trade, hospitality, and financial services, Putin said.

Last month, Finance Minister Anton Siluanov announced that the Russian economy had continued to expand in 2024, with GDP growth in the first half of the year hitting 4.7%. Siluanov said he expected GDP growth at the end of the year to be 3.9%, exceeding the figure for 2023.

Many analysts, both Russian and international, have noted that sanctions have failed to destabilize the country’s economy. Most have attributed this resilience to Russia’s swift pivot to the East for trade, as well as economic policies implemented to offset the effect of the restrictions.

The World Bank and the International Monetary Fund both raised their growth forecasts for the Russian economy earlier this year. The former predicted it to grow by 2.9% in 2024, and in July upgraded Russia to a “high-income country.”

The IMF in April said it expected the country’s GDP to expand by 3.2%, faster than all advanced economies, including the US, the UK, Germany, and France.

October 8, 2024 Posted by | Economics | | Leave a comment

German economy in crisis mode as industrial orders plummet

By Liz Heflin | Remix News | October 8, 2024

German industrial orders fell 5.8 percent in August compared to July, a far higher drop than the 2 percent drop anticipated, with economists now warning of a recession and doubting a quick recovery.

The numbers reported by the German Federal Statistical Office amounted to the biggest drop since January of this year, with the German Ministry of Economics announcing that “in view of the continuing weak demand and the deterioration in business sentiment, a significant recovery in the industrial economy in the second half of 2024 is unlikely.”

Jens-Oliver Niklasch, an expert at Landesbank Baden-Württemberg, cited by Money.pl, stated bluntly: “Leading indicators are falling, forecasts are falling, bad news is not stopping. Everything points to a recession.”

Jörg Krämer, chief economist at Commerzbank, describes the data as a “bitter disappointment,” adding that the best-case scenario will be gross domestic product stagnating in the second half of the year.

Of key concern is the data regarding strength, or lack thereof, in the domestic and European economies. While orders from abroad also fell just 2.2 percent, domestic orders were down by 10.9 percent. Orders from eurozone countries fell by 10.5 percent, while orders from other countries actually increased by 3.4 percent.

Experts emphasize that the current situation is a clear signal of a crisis, with key sectors being hit the hardest, including auto manufacturing, mechanical engineering and chemicals.

The Macroeconomic Policy Institute (IMK) predicts gross domestic product will stagnate this year and grow by just 0.7 percent next year, with experts agreeing that the federal government’s expectations of economic growth above 1 percent in 2025 seem unrealistic.

Meanwhile, the German government is expected to need €46 billion to finance welfare benefits, with half of the recipients reportedly being foreign citizens, many of whom came to Germany specifically for its generous welfare system.

The situation is not bad for everyone. Remix News just reported today that Germany is spending some €50 billion annually on housing asylum seekers and war refugees and providing them with benefits, with private security firms earning hundreds of millions across Germany for policing migrant accommodations.

October 8, 2024 Posted by | Economics | , | Leave a comment

EU airline’s boss wants Chinese to pay for flying over Russia

RT | October 8, 2024

Brussels should establish financial measures to curb competition from Chinese airlines that can freely cross Russian airspace, according to Royal Dutch Airlines (KLM) CEO Marjan Rintel.

Western countries closed their airspace to Russian airlines as part of sanctions imposed after the onset of the Ukraine conflict in 2022. In response, Moscow banned aircraft from “unfriendly nations,” forcing EU planes to reroute, resulting in higher fuel consumption and increased costs.

“Russia’s airspace is closed to European airlines, while Chinese carriers fly over it, which can save two to four hours. You see that reflected in pricing, and consequently, our costs are higher,” Rintel said in an interview with Dutch broadcaster WNL on Sunday.

Rintel suggested that Brussels should intervene to address this competitive imbalance. “Europe can at least explore how we can level the playing field by adjusting pricing or examining other alternatives,” she stated.

In response to rising costs, KLM plans austerity measures aimed at saving €450 million ($494 million) annually, including €100 million ($110 million) by “adjusting” in-flight catering, Rintel noted.

“In the Netherlands, we are facing a tight labor market and rising wage costs, which differs from the situation in France,” she added, referring to KLM’s parent company, Air France-KLM. “Due to a shortage of pilots and technicians, roster changes will occur, and maintenance may need to be outsourced,” she explained.

Last month, Germany announced it was considering halting its daily Frankfurt-Beijing flights due to similar pressures from rising costs and competition from Chinese and Gulf airlines that can fly over Russia. The previous month, British Airways announced it would suspend London-Beijing flights starting in October. Additionally, Virgin Atlantic recently terminated its only China route to Shanghai.

October 8, 2024 Posted by | Economics, Russophobia | , | Leave a comment

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