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EU Still Hooked on Russian LNG Despite Bloc’s Hardline Rhetoric

By Chimauchem Nwosu – Sputnik – 20.03.2024

Despite EU efforts to reduce reliance on Russian gas in the wake of the anti-Russian sanctions, recent data shows a surge in Russian LNG imports by France and Spain, suggesting that business is practically proceeding as usual.

Russian liquified natural gas (LNG) exports to France surged to an all-time high in 14 months (from November 2022 to late January 2024), amounting to €293 million, according to Eurostat data obtained by Sputnik.

Last December, French imports of Russian LNG exports were estimated to be €244 million, marking an increase of almost €50 million over the month. Spain’s LNG from Russia amounted to €274 million, 1.7 times higher than in December 2023, and a 12-month-high.

Additionally, other EU countries such as Belgium, Estonia, Finland, Lithuania, the Netherlands, and Sweden have also purchased Russian LNG. By the end of January, EU nations had collectively spent €684.3 million on Russian LNG.

Since the onset of Russia’s special military operation in Ukraine in February 2022, the EU has sought to cut its dependence on affordable Russian gas and liquefied natural gas (LNG) while simultaneously implementing US-led sanctions against Moscow.

However, despite harsh anti-Russian rhetoric by EU member states like France, recent data by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed that numerous European nations remain hooked on this energy source, while some, like Belgium, facilitate LNG transshipments through their import terminals.

Spain is at the forefront of EU countries importing Russian LNG, having purchased 5.21 billion cubic meters (bcm) between January and September 2023. Following closely behind are France, with 3.19 bcm, and Belgium, with 3.14 bcm. In 2023, the main EU terminals that received significant quantities of LNG shipments from Russia were located in Zeebrugge, Belgium; Montoir-de-Bretagne, France; and Bilbao, Spain, according to IEEFA.

By the end of 2023, Russia had delivered 5.24 billion cubic meters of LNG to Spain, 3.82 billion cubic meters to Belgium, and 2.1 billion cubic meters to the Netherlands. Spain received 40 percent of Europe’s imports, while Belgium accounted for 30 percent. It is worth noting that the supply to the Netherlands increased by 1.9 times compared to 2022.

European countries have not yet banned or restricted importing liquefied natural gas from Russia. The EU is contemplating such action, but there is division among its 27 members regarding the approach to be taken. Major importers of Russian LNG, including Belgium, France, and Spain, assert that severing ties with their Russian suppliers, with whom they have long-term contracts, would not be simple.

Russian President Vladimir Putin has repeatedly criticized the EU for implementing sanctions against Russia’s oil and gas industry for purely political reasons. He believes that the decision was made under pressure from the EU’s Western allies, rather than being based on economic considerations. Putin has voiced concern about the potential negative impact these sanctions could have on the shared economic competitiveness of both Russia and the EU.

March 20, 2024 Posted by | Economics, Russophobia | , | Leave a comment

Which European Countries are Most Dependent on US Gas?

By Oleg Burunov – Sputnik – 18.03.2024

Russian President Vladimir Putin earlier cautioned that the EU’s decision to stop the purchase of Russian energy supplies was “absolutely political” and would backfire on the bloc.

Every tenth cubic meter of gas used by the EU in 2023 was supplied by the US, with Lithuania the most dependent on the fuel, Sputnik research based on data from the UN platform Comtrade and the International Energy Agency has revealed.

According to the findings, the EU’s gas consumption stood at 330 billion cubic meters last year, 20% less than in 2021.

The US supplied 34.5 billion cubic meters of liquefied natural gas (LNG), or 10.4% of all gas consumed by the bloc in 2023, with Finland, which didn’t buy US gas in 2021, consuming 38,2% last year.

As for Lithuania, it consumed a record 40% of the American gas last year, against 22.3% in 2021.

The research also revealed that an array of other countries increased US gas supplies in 2023, including Croatia, the Netherlands, France, Spain, Poland, Italy and Germany. With 32%, Croatia proved to be the most dependent on US gas after Lithuania and Finland. The only countries that reduced American gas deliveries last year were Greece, Malta and Portugal.

The research comes after a previous Sputnik review of Eurostat data showed that EU countries had to pay some €185 billion ($201 billion) extra on natural gas over the past 20 months after cutting themselves off from cheap Russian pipeline gas.

Russia’s President Vladimir Putin earlier warned that the EU’s “suicidal” and politically motivated decision to halt the purchase of Russian energy supplies as part of Western sanctions would come back to bite the bloc.

“Rejection of Russian energy resources means that 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 underscored.

March 18, 2024 Posted by | Economics, Russophobia | , | Leave a comment

European ‘Peace Fund’ Stoking War in Ukraine as Scheming EU Governments Take Advantage

By Dmitry Babich – Sputnik – 17.03.2024

German Chancellor Olaf Scholz, French President Emmanuel Macron, and Polish Prime Minister Donald Tusk recently vowed to procure more weapons for Ukraine at a meeting in Berlin.

“A new era is dawning,” claimed Macron, while Poland’s Tusk lauded: “We want to spend our money on Ukraine.” But a closer look shows that European taxpayers’ money “spent on Ukraine” will go to a scheme called the European Peace Facility, which since its inception has been promoting war instead of peace and enriched shady operators.

The problems bothering the three European leaders in Berlin seem clear. A $60 billion bill aimed at supporting Ukraine’s “war effort” has got stuck in the US Congress and $300 million worth batch of arms that the US recently sent to Kiev is obviously not enough to stop the gradual retreat of Zelensky’s troops.

So, Scholz, Macron and Tusk felt an urgent need to create the impression that “Europeans are ready to step in” and compensate for the military-industrial complex of the United States, with the EU sending deadly “gifts” to Ukrainians. This reimbursement is supposed to be done through the grossly misnamed and off-budget scheme European Peace Facility (EPF).

The Fund Worth Billions

The EPF fund was established in 2021 and was initially used to reimburse European producers of arms that were sent to “EU-friendly dictators in Africa” – an expression used by the fund’s critics in Western media. But from February 2022, the EPF started operating with billions and devoted itself entirely to arming Russia’s adversaries in Ukraine and other post-Soviet countries.

On the surface, the EPF’s operations make an impression: “The EU agrees to €5 billion in Ukraine military aid,” “EU cash for Ukraine” – such headlines were omnipresent in the Western media last week. The EU member countries’ envoys in Brussels recently indeed agreed to increase the EPF’s assets to €17 billion, of which €11 billion are meant for Ukraine. (So far, the EPF has already spent €6.1 billion of taxpayers’ money on supplying Zelensky’s regime with arms.)

However, the European Conservative, a Budapest-based media outlet, reports that “it is theoretically possible that no actual money reaches the EPF under the agreement.”
Why? The EU has become a victim of its own hypocrisy. According to the EU’s legislation, the European Union is a peaceful organization that cannot legally finance any war effort directly, despite member countries fighting in just about all the major wars since 1991 – from Iraq and Afghanistan to Libya and Yugoslavia. Hence the need for this “peace” fund, which uses European money, but legally is not a part of the EU budget system with its strict regulations, the outlet writes.

Obligations – In Money Or Weapons

So, all 27 countries of the European Union are supposed to make contributions to the EPF, depending on the relative size of each country’s economy. However, there is a provision that makes it possible for every country to replace its share in the obligatory payment of €5 billion by “an in-kind donation.”

This means that instead of donating money, Estonia or Germany could just “donate” weapons (including old ones) to this venerable “peace” fund. This opens the door to schemes.
“The fine print specifies that for every $2 worth of military equipment donation member states can deduct $1 from their required money donation to EPF – with no limit on deductions,” The European Conservative writes.

So, if we read the fine print, the news about the €5 billion ‘sacrifice’ of EU member states for the Ukrainian Army is not quite accurate: Germany, for example, may not pay an additional cent to the fund. Here is why.

As Politico reports, Germany has been the largest donor for the Ukrainian military, having given €17.7 billion in military supplies. Now Germany is supposed to pay €1.2 billion a year into the EPF, but as long as it gives at least €2.4 billion in weapons to Ukraine in a year, Germany is free of any obligation to pay money to the fund.

Showing Them The Money, Getting Arms For Oneself

However, if Germany is the biggest donor, then Estonia is the smartest schemer.

Earlier this year, Politico accused Estonia of using a loophole in the rules that the European Council adopted for the EPF. The bureaucrats in Brussels forgot to specify how EU members should calculate the procurement price of the weaponry they send to Ukraine’s war machine via the European Peace Facility.

So, Estonia (followed by Latvia and Lithuania) vastly overestimated the value of the old Soviet weapons that it provided. However the EPF still gave Estonia the money, which the officials later used to satisfy their country’s defense and consumer needs.

“They [Estonians and other EU members] are sending their scraps to Ukraine and later buying brand new war materials for themselves, using EU money,” Politico writes.
According to EU inspectors quoted by The European Conservative, the behavior of the Estonian government led by Prime Minister Kaja Kallas was a “particularly blatant case.” Estonia “topped the charts” of the EPF’s abuse schemes, demanding 91% reimbursement for the old weapons donated and raking in €135 million last year alone. New NATO members Finland and Sweden also demanded huge refunds, and Macron’s France insisted on 71% plus an obligation to operate only with European-made weapons.

“All in all, this is an unseemly story – Western countries pride themselves on their supposedly selfless military aid to Ukraine, just like they boasted of their aid to the insurgents in Syria. As a result, Syria and Ukraine were badly damaged largely by Western-made weapons,” commented Sonja van den Ende, a Moscow-based international affairs analyst with experience covering the wars in the Middle East. “But in reality this military aid is not selfless. We see at the example of the EPF how this aid actually helps to fill the pockets of big arms producing companies and of Western government officials.”

March 17, 2024 Posted by | Militarism | , , , | Leave a comment

The EU adopts a ‘Media Freedom’ law, where ‘freedom’ doesn’t mean what you think it does

By Rachel Marsden | RT | March 16, 2024

The EU’s new Media Freedom Act has now been voted into law, with 464 votes for, 92 against, and 65 abstentions.

There are some news outlets whose coverage of the vote I’d like to see. Like RT’s, where you’re reading this right now. But anyone who’s viewing this from inside the European Union’s bastion of democracy and freedom is likely doing so via a VPN connection routed through somewhere outside the bloc, to circumvent its press censorship.

Nothing in this new law suggests that this will change, or that there will be increased access to information and analysis for the average person. Such improved freedoms might lead to people making up their own minds rather than having various flavors of a similar narrative served up for mass consumption. As has become par for the course in so-called Western democracies, inconvenient facts and analysis will still be dismissed as “disinformation” and criticism of the establishment still qualified as an effort to sow division – as though dissent itself wasn’t supposed to be proof of a healthy and vibrant democracy.

So, now that we’ve gotten out of the way any hope of lifting the EU’s top-down censorship in the absence of due process, exactly what kind of lip service does this new law pay to the lofty notion of media freedom?

No spying on journalists or pressing them to disclose their sources. Well, unless you’re one of the countries that lobbied to be able to keep doing this – like France, Italy, Malta, Greece, Cyprus, Sweden, and Finland – so basically, a quarter of EU countries. Oh, but they have to invoke national-security concerns in order to do so. Which, as we know, they’re very discerning about. Like, they didn’t at all implement a virtual police state and extend its powers under the guise of fighting a virus with which French President Emmanuel Macron kept saying they were “at war.” Nor did Amnesty International point out the sweeping “Orwellian” trend across Europe, at least as far back as 2017, of exploiting domestic terrorist attacks to permanently embed what were supposed to be extraordinary powers into criminal law, via measures like “overly broad definitions of terrorism.” So, no doubt they’ll be equally reasonable when slapping the “national security threat” label on a journalist whose work they want to peek at.

At least now, under this new law, they do have to fully inform any targeted journalist of the steps being taken against them.

Another thing that changes is that there’s to be a centralized database into which “all news and current affairs outlets regardless of their size will have to publish information about their owners,” according to an EU press release. May we propose a first candidate for that? The NGO Reporters Without Borders has praised this new law as a “major step forward for the right to information within the European Union.” The same NGO also just launched a “Svoboda” (Russian for “freedom”) satellite package eventually consisting “of up to 25 independent Russian language radio and television channels” aimed at Russia, Ukraine, and the Baltics. The launch took place at the EU parliament, in the presence of EU “values and transparency” commissioner (yes, that’s a real title), Vera Jourova, who has said in support of the new media law that “it is a threat to those who want to use the power of the state, also the financial one, to make the media dependent on them.” But she has also said about this new Russia-targeting initiative that the EU state needs to “use all possible means to ensure that their work, that facts and information can reach Russian-speaking people.” This is the same person who advocated in favor of banning Russia-linked media outlets in the EU.

Anyway, you first, guys. Show everyone else how it’s done. Also, does this mean that all financial interests in the form of advertising spending will also have to be declared by corporate media? Because state-backed media platforms are already transparent; it’s the much more discretionary interests underpinning the more commercial platforms that tend to be much less obvious to audiences. Audiences may not know or understand, for example, why a particular corporate media outlet might focus on a particular nation state with softball interviews, travel pieces, and fluffy documentaries, and treating it with kid gloves in news coverage, when in reality the same country is pumping a ton of ad revenues into the place.

In any case, Queen Ursula von der Leyen’s battalion of bureaucratic desk jockeys is set to grow in ranks now with a new “European Board for Media Services” coming online as a result of the new law. Because freedom isn’t going to police itself, pal.

The name itself Media Freedom Act really is the first clue that it’s probably not all that much about freedom. Kind of like how the “European Peace Facility” fund is used to buy weapons, or the “election” of the handpicked EU Commissioner is really just what any normal country would call a confirmation vote.

It’s a pretty safe bet that whenever the EU kicks the virtue-signaling into overdrive, using feel-good language to sell it, the reality is probably the opposite of what’s advertised.

Rachel Marsden is a columnist, political strategist, and host of independently produced talk-shows in French and English.

March 16, 2024 Posted by | Civil Liberties, Full Spectrum Dominance, Mainstream Media, Warmongering | , | Leave a comment

Orban urges supporters to ‘occupy Brussels’

RT | March 16, 2024

Hungary’s Prime Minister Viktor Orban has said that he and his supporters are ready to march on Brussels to defend their country’s sovereignty within the EU.

Orban gave the warning on Friday in a fiery speech dedicated to an anniversary of Hungary’s unsuccessful revolution of 1848 against the rule of the Austrian Empire. “Brussels is not the first empire that has set its eyes on Hungary,” he stressed.

The conservative prime minister told a crowd of around a thousand of his supporters that he’s ready to do everything to protect Hungary from what he described as attempts by the EU to “force” the country into the conflict between Russia and Ukraine, to make it accept migrants, and to “re-educate” its children by imposing an LGBTQ agenda on them.

Powers in the Western world, of which the EU is a part, “start wars, destroy worlds, redraw countries’ borders and graze on everything like locusts,” Orban told his audience. “We Hungarians live differently and want to live differently,” he pointed out.

“If we want to defend Hungary’s freedom and sovereignty, we have no other choice but to occupy Brussels,” the PM said. “We will march all the way to Brussels, and will orchestrate change in the EU ourselves.”

Orban stressed that he and his supporters are experienced people who know what needs to be done in order to properly restructure the bloc, of which Hungary has been a member since 2004. It’s time for the EU leadership to “start trembling,” he said.

In power for 14 years now, Orban is being criticized by Brussels over allegedly undermining the rule of law, infringing on press freedoms and clamping down on gay rights. The EU has been withholding funds from Hungary for years over these and other issues.

Brussels is also unhappy about the stance taken by Budapest on the conflict between Russia and Ukraine, a neighbor to which it has refused to provide arms, unlike other fellow EU member states, while at the same time maintaining economic and political ties with Moscow. Orban insists that there’s no military solution to the crisis and that it should be settled through diplomacy.

During his speech, he reiterated that “Hungary can only benefit from peace, we do not want war.” However, Brussels has brought the conflict to its doors, he said, referring to the ongoing fighting. “We have been deceived, it is time to rise up,” he stated.

March 16, 2024 Posted by | Militarism | , , | Leave a comment

EU to use Russian assets to buy arms for Ukraine – Scholz

RT | March 16, 2024

German Chancellor Olaf Scholz has said that interest accrued from Russian assets frozen in the EU will be used to purchase weapons for Ukraine.

Soon after Russia launched its military operation against Ukraine in February 2022, Western countries froze approximately $300 billion of funds belonging to the Russian Central Bank. Of that sum, the Brussels-based clearinghouse Euroclear holds around €191 billion ($205 billion), which has accrued nearly €4.4 billion in interest over the past year.

Speaking at a joint press conference with French President Emmanuel Macron and Polish Prime Minister Donald Tusk in Berlin on Friday, Chancellor Scholz said: “We will use windfall profits from Russian assets frozen in Europe to financially support the purchase of weapons for Ukraine.”

The German leader also announced plans to establish a “new capability coalition for long-range rocket artillery,” with procurement to take place “on the overall world market.”

The German chancellor did not provide specifics, and it remains unclear whether he was referring to an entirely new initiative, or to a “long-range” scheme announced by President Macron in February.

European Commission President Ursula von der Leyen last month suggested using the interest from frozen Russian assets to buy weapons for Ukraine. However, Politico, citing an anonymous EU official, reported on Thursday that Malta, Luxembourg and Hungary had “expressed reservations” about the plan earlier this week.

Moscow has repeatedly warned that any actions taken against its assets would amount to “theft.” It has stressed that seizing the funds or any similar move would violate international law and undermine Western currencies, the global financial system, and the world economy.

March 16, 2024 Posted by | Economics, Militarism | , | Leave a comment

The big lie behind the Western narrative on Russia is leading us to World War III

By Tarik Cyril Amar | RT | March 15, 2024

The current situation in the conflict between Ukraine – serving (while being demolished) as a proxy for the West – and Russia, can be sketched in three broad strokes.

First, Russia now clearly has the upper hand on the battlefield and could potentially accelerate its recent advances to achieve an overall military victory soon. The West is being compelled to recognize this fact: as Foreign Affairs put it, in an article titled “Time is Running Out in Ukraine,” Kiev and its Western supporters “are at a critical decision point and face a fundamental question: How can further Russian advances… be stopped, and then reversed?” Just disregard the bit of wishful thinking thrown in at the end to sweeten the bitter pill of reality. The key point is the acknowledgment that it is crunch time for the West and Ukraine – in a bad way.

Second, notwithstanding the above, Ukraine is not yet ready to ask for negotiations to end the war on terms acceptable to Russia, which would be less than easy for Kiev. (Russian President Vladimir Putin, meanwhile, reiterated in an important recent interview that Moscow remains principally open to talks, not on the basis of “wishful thinking” but, instead, proceeding from the realities “on the ground.”)

The Kiev regime’s inflexibility is little wonder. Since he jettisoned a virtually complete – and favorable – peace deal in the spring of 2022, President Vladimir Zelensky has gambled everything on an always improbable victory. For him personally, as well as his core team (at least), there is no way to survive – politically or physically – the catastrophic defeat they have brought on their country by leasing it out as a pawn to the Washington neocon strategy.

The Pope, despite the phony brouhaha he triggered in Kiev and the West, was right: a responsible Ukrainian leadership ought to negotiate. But that’s not the leadership Ukraine has. Not yet at least.

Third, the West’s strategy is getting harder to decipher because, in essence, the West cannot figure out how to adjust to the failure of its initial plans for this war. Russia has not been isolated; its military has become stronger, not weaker – and the same is true of its economy, including its arms industry.

And last but not least, the Russian political system’s popular legitimacy and effective control has neither collapsed nor even frayed. As, again, even Foreign Affairs admits, “Putin would likely win a fair election in 2024.” That’s more than could be said for, say, Joe Biden, Rishi Sunak, Olaf Scholz, or Emmanuel Macron (as for Zelensky, he has simply canceled the election).

In other words, the West is facing not only Ukraine’s probable defeat, but also its own strategic failure. The situation, while not a direct military rout (as in Afghanistan in 2021) amounts to a severe political setback.

In fact, this looming Western failure is a historic debacle in the making. Unlike with Afghanistan, the West will not be able to simply walk away from the mess it has made in Ukraine. This time, the geopolitical blowback will be fierce and the costs very high. Instead of isolating Russia, the West has isolated itself, and by losing, it will show itself weakened.

It is one thing to have to finally, belatedly accepted that the deceptive “unipolar” moment of the 1990s has been over for a long time. It is much worse to gratuitously enter the new multipolar order with a stunning, avoidable self-demotion. Yet that is what the EU/NATO-West has managed to fabricate from its needless over-extension in Ukraine. Hubris there has been galore, the fall now is only a matter of time – and not much time at that.

Regarding EU-Europe in particular, on one thing French President Emmanuel Macron is half right. Russia’s victory “would reduce Europe’s credibility to zero.” Except, of course, a mind of greater Cartesian precision would have detected that Moscow’s victory will merely be the last stage in a longer process.

The deeper causes of EU/NATO-Europe’s loss of global standing are threefold. First, its own wanton decision to seek confrontation instead of a clearly feasible compromise and cooperation with Russia (why exactly is a neutral Ukraine impossible to live with again?) Second, the American strategy of systematically diminishing EU/NATO-Europe with a short-sighted policy of late-imperial client cannibalization which takes the shape of aggressive deindustrialization and a “Europeanization” of the war in Ukraine. And third, the European clients’ grotesque acquiescence to the above.

That is the background to a recent wave of mystifying signals coming out of Western, especially EU/NATO elites: First, we have had a wave of scare propaganda to accompany the biggest NATO maneuvers since the end of the Cold War. Next Macron publicly declared and has kept reiterating that the open – not in covert-but-obvious mode, as now – deployment of Western ground troops in Ukraine is an option. He added a cheap demagogic note by calling on Europeans not to be “cowards,” by which he means that they should be ready to follow, in effect, his orders and fight Russia, clearly including inside and on behalf of Ukraine. Never mind that the latter is a not an official member of either NATO or the EU as well as a highly corrupt and anything but democratic state.

In response, a divergence has surfaced inside EU/NATO Europe: The German government has been most outspoken in contradicting Macron. Not only Chancellor Scholz rushed to distance himself. A clearly outraged Boris Pistorius – Berlin’s hapless minister of defense, recently tripped up by his own generals’ stupendously careless indiscretion over the Taurus missiles – has grumbled that there is no need for “talk about boots on the ground or having more courage or less courage.” Perhaps more surprisingly, Poland, the Czech Republic as well as NATO figurehead Jens Stoltenberg (i.e., the US) have been quick to state that they are, in effect, not ready to support Macron’s initiative. The French public, by the way, is not showing any enthusiasm for a Napoleonic escalation either. A Le Figaro poll shows 68 percent against openly sending ground troops to Ukraine.

On the other side, Macron has found some support. He is not entirely isolated, which helps explain why he has dug in his heels: Zelensky does not count in this respect. His bias is obvious, and his usual delusions notwithstanding he is not calling the shots on the matter. The Baltic states, however, while military micro-dwarfs, are, unfortunately, in a position to exert some influence inside the EU and NATO. And true to form, they have sided with the French president, with Estonia and Lithuania taking the lead.

It remains impossible to be certain what we are looking at. To get the most far-fetched hypothesis out of the way first: is this a coordinated bluff with a twist? A complicated Western attempt at playing good-cop bad-cop against Russia, with Macron launching the threats and others signaling that Moscow could find them less extreme, at a diplomatic price, of course? Hardly. For one thing, that scheme would be so hare-brained, even the current West is unlikely to try. No, the crack opening up in Western unity is real.

Regarding Macron himself, too-clever-by-half, counter-productive cunning is his style. We cannot know what exactly he is trying to do; and he may not know himself. In essence, there are two possibilities. Either the French president now is a hard-core escalationist determined to widen the war into an open clash between Russia and NATO, or he is a high-risk gambler who is engaged in a bluff to achieve three purposes. Frighten Moscow into abstaining from pushing its military advantage in Ukraine (a hopeless idea); score nationalist “grandeur” points domestically in France (which is failing already); and increase his weight inside EU/NATO-Europe by “merely” posturing as, once again, a new “Churchill” – whom Macron himself has made sure to allude to, in all his modesty. (And some of his fans, including Zelensky, a grizzled veteran of Churchill live action role play, have already made that de rigueur if stale comparison.)

While we cannot entirely unriddle the moody sphinx of the Elysée or, for that matter, the murky dealings of EU/NATO-European elites, we can say two things. First, whatever Macron thinks he is doing, it is extremely dangerous. Russia would treat EU/NATO-state troops in Ukraine as targets – and it won’t matter one wit if they turn up labeled “NATO” or under national flags “only.” Russia has also reiterated that it considers its vital interests affected in Ukraine and that if its leadership perceives a vital threat to Russia, nuclear weapons are an option. The warning could not be clearer.

Second, here is the core Western problem that is now – due to Russia undeniably winning the war – becoming acute: Western elites are split between “pragmatists” and “extremists.” The pragmatists are as Russophobic and strategically misguided as the extremists, but they do shy away from World War Three. Yet these pragmatists, who seek to resist hard-core escalationists and rein in at least high-risk gamblers, are brought up short against a crippling contradiction in their own position and messaging: As of now, they still share the same delusional narrative with the extremists. Both groupings keep reiterating that Russia plans to attack all of EU/NATO-Europe once it defeats Ukraine and that, therefore, stopping Russia in Ukraine is, literally, vital (or in Macron’s somewhat Sartrean terms “existential”) to the West.

That narrative is absurd. Reality works exactly the other way around: The most certain way to get into a war with Russia is to send troops to Ukraine openly. And what is existential for EU/NATO-Europe is to finally liberate itself from American “leadership.” During the Cold War, a case could be made that (then Western) Europe needed the US. After the Cold War, though, that was no longer the case. In response, Washington has implemented a consistent, multi-administration, bipartisan, if often crude, strategy of avoiding what should have been inevitable: the emancipation of Europe from American dominance.

Both the eastward expansion of NATO, programmed – and predicted – to cause a massive conflict with Russia and the current proxy war in Ukraine, obstinately provoked by Washington over decades, are part of that strategy to – to paraphrase a famous saying about NATO – “keep Europe down.” And the European elites have played along as if there’s no tomorrow, which, for them, there really may not be.

We are at a potential breaking-point, a crisis of that long-term trajectory. If the pragmatists in EU/NATO-Europe really want to contain the extremists, who play with triggering an open war between Russia and NATO that would devastate at least Europe, then they must now come clean and, finally, abandon the common, ideological, and entirely unrealistic narrative about an existential threat from Moscow.

As long as the pragmatists dare not challenge the escalationists on how to principally understand the causes of the current catastrophe, the extremists will always have the advantage of consistency: Their policies are foolish, wastefully unnecessary, and extremely risky. And yet, they follow from what the West has made itself believe. It is high time to break that spell of self-hypnosis, and face facts.

Tarik Cyril Amar is a historian from Germany working at Koç University, Istanbul, on Russia, Ukraine, and Eastern Europe, the history of World War II, the cultural Cold War, and the politics of memory.

March 15, 2024 Posted by | Militarism, Russophobia | , , , , , , | Leave a comment

Austrian supermarket giant Spar turns to EU concerning Hungary’s ‘unfair’ taxes

MANDINER | MARCH 14, 2024

Austrian supermarket chain Spar has accused the Hungarian government of breaking EU law to cut food prices and called on Brussels to mitigate the devastating impact of the government’s measures, the Financial Times reported.

The supermarket chain claims that the Hungarian government’s 2022 special tax is discriminatory and breaches a number of EU laws, including on the free movement of goods. In its complaint to the EU, Spar wrote that the special tax and other measures aimed at reducing food prices are clearly incompatible with EU law because they “violate the principle of free movement of goods, freedom of establishment and the Charter of Fundamental Rights.”

According to the complaint, the government’s interference has increased Spar’s costs by around €90 million (3.5 billion forints) and will cause a loss of nearly €50 million (1.9 billion forints) for its Hungarian business in 2023. Spar is the second-largest retail chain in Hungary by turnover.

In 2022, to bridge a growing budget gap, the Hungarian government slapped a windfall tax on large food retailers, which in practice meant foreign-owned supermarket chains, and in 2023, in order to halt rapidly rising inflation, it introduced mandatory discounts on staple foods.

According to the company, the government’s measures “upset the supply and demand balance in the agricultural and food markets; they discriminate in a way that allows small independent retailers and members of the franchise network to avoid losses by buying from large integrated retailers at a discount or reduced prices.”

Of the other major retail chains operating in Hungary, Lidl declined to comment, and Tesco referred questions to the Hungarian Retailers’ Association, which declined to comment.

The European Commission declined to comment to the Financial Times, and the Hungarian government has so far not responded to the paper’s request for comment.

March 14, 2024 Posted by | Economics | , | Leave a comment

EU joins IMF, Gulf states funneling billions into Egypt as Gaza refugee crisis looms

The Cradle | March 14, 2024

The EU is preparing a €7.4 billion ($8 billion) aid package for Egypt, citing “concerns” that the Israeli genocide in Gaza and the ballooning crisis in Sudan could “risk exacerbating financial troubles in the North African nation and raising immigration pressure on Europe,” according to a report by the Financial Times (FT).

European Commission president Ursula von der Leyen is set to visit Cairo on 17 March alongside the Greek, Italian, and Belgian prime ministers to “finalize and announce the agreement.”

Completion of the deal accelerated following the start of Israel’s campaign of genocide in the Gaza Strip. The terms of the agreement reportedly include support for Egypt’s energy sector, assistance to deal with the rising number of refugees entering the country, and help to fortify the country’s border with Libya.

An estimated €1bn in emergency financial assistance could be paid immediately to Cairo, while another €4 billion in “macro-financial assistance” hinges on implementing reforms under an expanded loan program with the International Monetary Fund (IMF). Officials told FT the rest of the funds would be drawn from various EU funding streams.

The funds from Brussels is the latest in a recent string of investment packages coming from the west and Gulf states for cash-strapped Egypt.

“With respect to the question on the potential impact pressures from refugees from Gaza, what we do see in Egypt is that there is a need to have a very comprehensive support package for Egypt. And we’re working … to ensure that Egypt does not have any residual financing needs,” IMF spokesperson Julie Kozack said on 22 February.

The IMF agreed just days later to expand its financial rescue program for Egypt to $8 billion after the Egyptian central bank let loose its currency to help stabilize the economy. Egypt is the second most indebted country to the IMF, behind only Argentina, with an international debt that grew from $37 billion in 2010 to $164 billion in 2023.

In late February, UK oil giant BP announced plans to develop gas projects and drilling in Egypt over the next three to four years at a cost of $1.5 billion. This came just after the North African nation sealed a massive $35 billion real estate development deal with the UAE, which will see Emirati investment vehicle ADQ build a 170 km tourism and financial center in the Ras al-Hekma area.

In recent weeks, Cairo has also been in discussions to sell prime Red Sea coastal land near Sharm al-Sheikh to Saudi investors.

The unprecedented windfall comes as Egypt is putting the finishing touches on a kilometers-wide buffer zone and wall along its border with southern Gaza, allegedly in preparation to take in hundreds of thousands of displaced Palestinians once the Israeli ground invasion of Gaza’s southernmost city begins.

Amnesty International and other NGOs have also accused Cairo of “harassing” the director of the UK-based Sinai Foundation for Human Rights, which revealed the construction of the buffer zone last month.

Geopolitical analysts, including The Cradle’s Mohamad Hassan Sweidan, have speculated that Egypt may be willing to accept refugees from Gaza in exchange for a significant offset of its staggering debt.

March 14, 2024 Posted by | Ethnic Cleansing, Racism, Zionism | , , , , , , | Leave a comment

Theft of Frozen Russian Assets May Lead to Financial Crisis in the West

By Ekaterina Blinova – Sputnik – 13.03.2024

While US policymakers are seeking to grab Russia’s sovereign assets altogether, EU officials are planning to find legal ways to seize the profits generated by the assets. Russia has signaled it will retaliate against any form of theft.

An EU official told Reuters that Russian assets frozen in the EU could generate up to €20 billion in after-tax profits through 2027, adding that only part of these profits, as well as a tax on the gross amount, could be sent to the Kiev regime. It was noted the remaining funds, however, would have to stay in the West to create a buffer against Moscow’s retaliation measures.

Of the roughly $282 billion in Russian assets immobilized in Japan and the West, around $207 billion (€191 billion) are held at Euroclear, a clearinghouse based in Belgium.

The official anticipates Euroclear may face a flurry of legal claims from Moscow if Russian money is transferred to Ukraine. The claims are due to come from the Russian Central Bank, which can seize €33 billion in Euroclear funds held in the national securities depository in Moscow as a tit-for-tat move, according to the official.

Russia may also take legal action to seize Euroclear assets held in Hong Kong and Dubai.

Western banks that have lost investment funds in Russia could also sue the clearinghouse, potentially leading to Euroclear’s bankruptcy and triggering a domino effect, given Euroclear’s key role in global financial transactions. The EU official warned that, ultimately, the trail of counterclaims could lead to nothing short of an economic crisis.

Speaking to the Financial Times in mid-February, Lieve Mostrey, chief executive of Euroclear, warned that a G7 plan to use Russia’s frozen assets as a backstop to issue debt for Ukraine, or seize the immobilized assets altogether, could pose serious financial risks to Europe.

“When we come to a logic of seizing of assets (…) then you see the trust in the Euroclear system, the trust in the European capital markets, the trust in euro as a currency substantially affected,” she told FT.

Mostrey remarked that “the risk is a bit lower” if the West grabs profits generated by the frozen sovereign assets.

Russia has underscored it will take retaliatory measures in response to any manipulations with its financial resources illegally immobilized by the West, and that it would perceive any form of grab as “theft”. Euroclear is already facing between 50 and 100 lawsuits in Russian courts over the sanctioned assets.

Any actions with Russian frozen assets will trigger a symmetrical response, Finance Minister Anton Siluanov told Sputnik in late February, adding that a similar quantity of foreign assets have been frozen in Russia.

The Russian finance minister suggested last December that in the event of confiscation of Russian assets in Europe, Russia may tap foreign funds frozen in so-called Type “C” accounts, a special type of accounts for non-residents introduced by Russia in March 2022. One cannot withdraw money from these accounts as funds can only be used for a limited range of purposes, such as paying taxes or purchasing federal loan bonds.

According to some estimates, by mid-March 2023, up to 1 trillion rubles (€10 billion) could have been accumulated in type “C” accounts in the form of dividends and coupons paid to investors from unfriendly countries at Russia’s National Settlement Depository (NSD).

Kremlin spokesperson Dmitry Peskov made it clear in early February that Russia is prepared for a decade-long legal battle over the potential seizure of its assets.

“If such decisions are made, they will be deeply illegal. They will have decades-long judicial consequences for those who make these decisions and for those who implement these decisions,” Peskov emphasized.

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

Trump has plan to end Ukraine conflict – Orban

RT | March 11, 2024

Donald Trump intends to end the Ukraine conflict, if reelected as US president, and has a “detailed plan” to do so, Hungarian Prime Minister Viktor Orban told local media, after meeting the presumed Republican nominee.

The former US leader repeatedly claimed on his campaign trail that, if he had remained in the White House for a second term, there would be no hostilities between Moscow and Kiev. If voted back in, he promises to end the conflict “in 24 hours” by applying pressure on stakeholders.

Orban, who spoke with Trump at the Mar-a-Lago estate in Florida on Friday, did not explain how exactly the American would do that, but said that cutting the flow of US aid was a crucial part of the plan.

”If the US will not provide the money, Europeans on their own will not be able to finance this war, and then the war will end,” Orban said in an interview with M1 broadcaster on Sunday.

During his presidency, Trump had shown himself to be “a man of peace,” the Hungarian leader claimed. That stance puts him in alignment with Hungary, unlike the administration of US President Joe Biden and many members of the EU, he added.

”The American Democratic government and the leadership of the EU, as well as the leadership of the largest EU member states are pro-war governments. Donald Trump is pro-peace, Hungary is pro-peace. At the bottom of everything lies this difference,” Orban declared.

The Kremlin declined to weigh in on the remarks, with spokesman Dmitry Peskov saying on Monday that Orban’s account of Trump’s intentions was too vague for any specific commentary.

Ukrainian President Vladimir Zelensky previously expressed skepticism about Trump’s ability to deliver on the promise. He said if the plan was feasible, the American politician should share it with the public, or at least with Kiev. The Ukrainian government claims that a “just peace” requires a military victory over Russia and that it would agree to nothing short of that.

Moscow has said that its strategic goals in the military operation against Kiev will be achieved one way or another. The US and its allies, who continue to arm Ukraine, cannot change that outcome and are only prolonging the suffering of the country’s people, Russian officials have stated.

March 11, 2024 Posted by | Economics, Militarism | , , , , | Leave a comment

Syrian FM: ‘Western leaders are little puppets of the Zionist enemy’

Al Mayadeen | March 10, 2024

Syrian Foreign and Expatriates Minister, Faisal Mekdad, emphasized that what is happening in Gaza is a genocide perpetrated by Israeli Prime Minister Benjamin Netanyahu, who has killed over 12,000 children and 8,000 women, and completely destroyed the Gaza Strip.

In a statement on the ministry’s X account, Mikdad said “What European Union strategists say about building a world based on rules and regulations has faded. The murderer Netanyahu has not left any rule unbroken: International law, international humanitarian law, the Universal Declaration of Human Rights, the United Nations Charter, children’s rights, women’s rights, democracy, disarmament, and peace.”

He continued to say what is more dangerous than Netanyahu and his ruling “gang’s” crimes, is the support he received from many EU leaders and the blind trust Washington has given him.

“Everyone knows that much of what the European Union leaders did before and after was a form of clowning, hypocrisy, and lies, and their defense of Netanyahu’s crimes led to pulling the rug from under all of their feet and showed them as they really are, little puppets in the hands of Zionism and enemies of peoples’ rights and aspirations,” he said, slamming the West.

March 10, 2024 Posted by | Ethnic Cleansing, Racism, Zionism, War Crimes | , , , , , , | Leave a comment