China refutes NATO secretary general’s misinformation accusation
By Du Qiongfang | Global Times | March 24, 2022
Chinese Foreign Ministry spokesperson Wang Wenbin said on Thursday that time will prove China stands on the right side of history and groundless accusations will collapse, refuting an allegation from NATO Secretary General Jens Stoltenberg that “China has provided Russia with political support by spreading lies and misinformation.”
When asked about Stoltenberg’s allegation at Thursday’s press briefing, Wang said the accusation against China itself is spreading disinformation.
With an objective and fair attitude, China has made active efforts to realize an immediate ceasefire, to avoid a humanitarian crisis and to restore peace and stability, Wang said, adding that Ukraine should be a bridge between the East and the West, not an outpost in major power rivalry.
“We need calm and rationality to defuse a crisis rather than ignite the fire and add more fuel to the fire; we need dialogue and communications to resume peace instead of using pressure and coercion; to achieve lasting peace and stability, we need to accommodate the legitimate security concerns of all parties, rather than promote collective confrontation and seek absolute security,” Wang said.
He added that China’s stance is in line with the wishes of most countries and it stands on the right side of history as time will tell. Any groundless accusations and suspicions against China are indefensible and will simply collapse.
The West thinks the war is about defending democracy and freedom but in reality it’s about security in the European geopolitical landscape, so the Ukraine crisis is not about differences in social systems or ideology, Yang Xiyu, a senior research fellow at the China Institute of International Studies, told the Global Times on Thursday.
Wang said that European countries should uphold the principle of strategic autonomy and work with Russia and Ukraine and other relevant countries to build a balanced, effective and sustainable European security architecture through dialogue and negotiations. The US and NATO should also engage in dialogue with Russia to address the root cause of the Ukraine crisis.
Wang also said that there are many loopholes in the US’ responses to the international community, including China’s questions surrounding the US biological laboratories in Ukraine which Russian experts claimed to have revealed new facts pointing to the direct involvement of the US Department of Defense in the development of biological weapons components in Ukraine.
The best way for the US to prove its innocence is to open its doors and accept the test of the international community, Wang said.
The spectre that haunts Biden as he wings his way to the borderlands of Ukraine
The Russian special operation may after all be inching toward successful conclusion
BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | MARCH 24, 2022
By a queer coincidence, former US Secretary of State Madeline Albright passed away while President Joe Biden was travelling in Air Force 1 en route to Europe on what is probably the most crucial diplomatic mission of his presidency.
The general expectation is that 80-year old Biden is personally undertaking a mission to persuade the US’ European allies that the North Atlantic Treaty Organisation (NATO) should intervene in the Ukraine crisis in some way. And, ironically, Albright was the choreographer of the idea that in the post-cold war era, the NATO should reinvent itself and transform as a global security organisation.
Albright, like most American diplomats of East European descent, was passionately devoted to the NATO. She supported the alliance’s brutal military intervention in Yugoslavia in 1999 and would have supported an intervention in Ukraine.
The White House spin is that Biden will discuss additional sanctions against Russia. But the possibility of new restrictions has waned following the EU foreign and defence ministers’ meeting on Monday where a decision was taken to put off further sanctions.
The EU meeting instead assessed that the ongoing Ukraine-Russian talks should proceed further and even if upbeat predictions may not be entirely correct, since the talks are challenging, the good part is that neither party has complained of any deadlock in the negotiations so far.
Conceivably, Biden is travelling to Europe not to discuss tougher sanctions (something which he could as well have handled in a videoconference) but to explore NATO’s potential engagement in the Russian-Ukrainian conflict for which his participation becomes absolutely essential.
As things stand, there is every possibility of a prolonged conflict in Ukraine and Russia eventually prevailing. Such a scenario is extremely damaging for Biden politically in the US. Biden is facing domestic criticism both for his failure to prevent the conflict as well as for being ineffectual in blocking the Russian advance.
While the US rhetoric pillories Russia for “war crimes” and the humanitarian crisis in Ukraine, et al, the world capitals view this as a geopolitical confrontation between America and Russia. Outside of the western camp, the world community refuses to impose sanctions against Russia or even to demonise that country.
The world community steers clear of taking sides between the US and Russia. The Islamabad Declaration issued on Wednesday after the 45th meeting of the foreign ministers of the fifty-seven member Organisation of Islamic Conference refused to endorse sanctions against Russia and instead counselled cessation of hostilities in Ukraine, avoidance of loss of lives, enhancement of humanitarian assistance and a “surge in diplomacy” — almost ditto China and India’s stance.
Not a single country in the African continent and West Asian, Central Asia, South and Southeast Asian region has imposed sanctions against Russia. Following a visit to Hanoi, Malaysian PM Ismail Sabri Yaakob said, “We discussed the Russian-Ukrainian conflict and agreed that Malaysia and Vietnam will remain neutral on this issue. As for sanctions against Russia, we do not support them. The sides do not support unilateral sanctions; we recognise only restrictions that could be imposed by the UN Security Council.” This is the consensus within ASEAN too.
Interestingly, Chinese Councillor and Foreign Minister Wang Yi was the chief guest at the OIC meeting in Islamabad. In his remarks, Wang Yi said, “China supports Russia and Ukraine in continuing their peace talks, and hopes that the talks will lead to ceasefire, end the fighting, and bring about peace. Humanitarian disasters should be avoided, and spillover of the Ukrainian crisis should be prevented so as not to affect and harm the legitimate rights and interests of other regions and countries.”
The Chinese foreign ministry press release on Wang Yi’s meeting with the Saudi Arabian Foreign Minister Faisal bin Farhan Al Saud said, “As to the Ukraine issue, the two sides agreed that all countries’ sovereignty and territorial integrity should be respected and their reasonable security concerns should be taken seriously. It is imperative to prevent any humanitarian crisis, maintain the peace talk process and resolve conflicts through dialogue and negotiation. Both sides emphasised that all countries have the right to make independent judgements, withstand external pressure, and disagree with the simple logic of “black or white” and “friend or foe”.
Again, the Chinese press release on Wang Yi’s meeting with his Egyptian counterpart Sameh Shoukry said, inter alia, “The two sides exchanged views on the Ukraine issue, and agreed to respect the sovereignty and territorial integrity of all countries and stay committed to a comprehensive solution to the current crisis. Shoukry said, Egypt opposes some countries exerting pressure on China and stands for strengthening cooperation rather than escalating confrontation.”
Curiously, four foreign ministers from West Asia travelled to Moscow last week to discuss the bilateral cooperation — from Qatar, Iran, Turkey and the UAE.
Nonetheless, the outcome of Biden’s visit to Europe will have significant bearing on the conflict in Ukraine. If Biden succeeds in getting European backing for his proposal for a NATO intervention in Ukraine, the conflict may escalate dramatically into a world war involving nuclear weapons.
Will Biden push the envelope? It seems he’s unwilling to risk. Biden seems to have a Plan B as well. He has scheduled a separate visit to Warsaw. Poland indeed has its fair share of Russophbes and has been straining at the leash for some form of involvement in Ukraine.

The heart of the matter is that Poland also has an axe to grind. Parts of Poland comprise today’s ethnically mixed western borderlands of Ukraine — oblasts of Zhytomyr, Khmelnytskyi and Lviv. If Ukraine fragments or collapses in defeat, Poland will most certainly seize the opportunity to reclaim its lost territories. Poland’s hyper-activism over Ukraine is self-evident.
Incidentally, in recent days, former Polish Foreign Minister Radoslaw Sikorski and Ukrainian Deputy Prime Minister Iryna Vereshchuk have both accused Budapest of trying to lay its hands on Ukraine’s largely Hungarian-populated Transcarpathian region. On Tuesday, Sikorski alleged in a tweet that Hungarian PM Viktor Orbán and President Vladimir Putin reached a secret agreement on the partition of Ukraine!
On the same day, Iryna Vereshchuk complained in a Facebook post: “The way the Hungarian leadership has been treating Ukraine lately is even worse than some of the Russian satellite states of the former Soviet Union. Hungary does not support the sanctions. They don’t provide weapons. They don’t allow transit of weapon supplies from other countries. They say ‘no’ to virtually everything.”
Biden cannot but be exploring with the Polish leadership possibilities that fall short of an outright NATO intervention in Ukraine. The spectre that haunts the Biden administration, despite the swagger of its media bluster, is that the Russian special operation may after all be inching toward successful conclusion, creating a large buffer of regions on the eastern side of the Dnieper river, and gaining control of Black Sea coastline that denies access to NATO ships.
Poland becomes a key stakeholder in such an outcome and Washington surely regards Warsaw as its number one interlocutor in the developing situation, as the fate of Ukraine hangs in the balance.
Israel’s balancing act in Ukraine is likely to backfire
By Ramzy Baroud | MEMO | March 24, 2022
Israel’s balancing act in the Russia-Ukraine war is likely to falter soon, simply because the resulting NATO-Russia conflict is expected to last for years, not weeks or months. Eventually, Israel would have to make a choice. Alas, whatever that choice may be, Israel will stand to lose.
From the first day of the war, Israel somehow became involved. Top Israeli officials, including the country’s Prime Minister Naftali Bennett, began calling their Ukrainian and Russian counterparts. Initially, some in the media surmised that Israel is concerned because of the large Jewish populations in both Ukraine and Russia.
However, the headlines quickly moved on, with terms such as ‘Israeli oligarchs‘, ‘Jewish oligarchs‘, and other combinations of Israel-friendly oligarchs dominating the news. Business interests quickly began replacing the supposed concern over the safety and welfare of ordinary Ukrainians.
The latter fact was demonstrated in a most tragic way when Israeli Channel 12 reported, on 10 March, that many Ukrainian refugees were “stuck at Ben Gurion Airport, facing cold and callous treatment”.
Israeli hypocrisy reared its ugly head once more on 26 February, when Israeli Minister of Aliyah and Integration, Pnina Tamano-Shata, said in a statement, “We call on the Jews of Ukraine to immigrate to Israel – your home.”
It is obvious that Israel does not care about the welfare of Ukrainians or, frankly, Ukrainian Jews either. After all, these newcomers to Israel would eventually be incorporated into the country’s illegal settlement enterprises. We know this from history and particularly from the history of the migration of Russian Jews to Israel, who arrived in their hundreds of thousands in the early 1990s. Not only do many of them now reside in illegal Jewish settlements, but to some extent, they also represent the backbone of some of Israel’s far-right political parties, the likes of Avigdor Lieberman‘s Yisrael Beiteinu.
Aside from the fact that a country moving its residents to an occupied territory is a stark violation of international law, it is also a violation of the rights of these vulnerable refugees, who will be expected to live in another war zone in the service of Israel’s Zionist ideology.
It is unfortunate, but typical that Israel finds opportunities to bolster its settler colonial model in occupied Palestine by exploiting the tragedies of other societies to its advantage. It has done so many times in the past: in Ethiopia, following the famine in 1984, in Russia, following the collapse of the Soviet Union, and in France, following the Paris terrorist attacks in 2015.
While France was still trying to fathom the enormity of its tragedy when 130 people were killed in broad daylight on 13 November, 2015, then Israeli Prime Minister Benjamin Netanyahu called on French Jews to move to Israel. “Of course, Jews deserve protection in every country, but we say to Jews, to our brothers and sisters: Israel is your home,” he said.
Shamelessly, Israel finds tragedies as political opportunities worth exploiting. While this quality is not unique to Israel – the Russia-Ukraine war has also exposed the opportunism of other countries around the world – Israel’s exploitation is doubly shameful as it hopes that war-torn Ukraine would help it sustain its own war waged against the Palestinian people.
However, serious cracks in the Israeli balancing acts are already on display. On 11 March, US Under-Secretary of State for Political Affairs, Victoria Nuland called on Israel to join sanctions against Russia. “We’re asking as many countries as we can to join us. We’re asking that of Israel as well,” she said.
Understandably, much of that pressure is coming from the Ukrainian government itself. Volodymyr Zelensky has repeatedly called on Israel to reciprocate for the Ukrainian support of Israel during its genocidal wars on the Palestinians. Indeed, Zelensky has taken every opportunity to express his solidarity with Israel in the past, even though Palestinians were the ones dying in their thousands.
“The sky of Israel is strewn with missiles. Some cities are on fire. There are victims. Many wounded. Many human tragedies,” the Ukrainian President tweeted on 12 May, 2021. Even during his inauguration speech in May 2019, Zelensky did not forget to bring Israel into his budding political discourse. “We must become Icelanders in soccer, Israelis in defending our land, Japanese in technology,” he said.
Still, aside from the occasional lip service, Israel insisted on remaining largely neutral. Analysts have explained the Israeli position in terms of Israel’s concern over Russia’s possible retaliation in Syria, for example, by allowing Iran greater geopolitical access to Syria that may compromise Israel’s ‘security.’ Others cited Israel’s deep financial interests, especially through the aforementioned oligarchs. Whatever the reasons may be, pressure is mounting on Israel to completely abandon its interests in Russia in favour of fully supporting Ukraine.
On 20 March, Zelensky upped the ante when he gave a speech at the Israeli Knesset. Not only did the Ukrainian President ask for Israel to provide Ukraine with an Iron Dome similar to the one that Tel Aviv uses to intercept Palestinian resistance rockets, he went much further, by infusing the Holocaust, an extremely sensitive discourse that only Israeli officials are allowed to use – and, indeed, manipulate – to silence any criticism of Israel internationally.
“The Nazis called this ‘the final solution to the Jewish question,'” Zelensky said. “And now, in Moscow, (…) they’re using those words, ‘the final solution’. But now, it’s directed against us and the Ukrainian question.”
For the Ukrainian President, although himself Jewish, to dare strike such a historical parallel to serve his country’s interests outraged many Israelis. “I admire the Ukraine president and support the Ukrainian people in heart and deed, but the terrible history of the Holocaust cannot be rewritten,” Israeli Communications Minister, Yoaz Hendel, tweeted. Many others joined in, in Israel and the US, attacking Zelenky’s supposed audacity.
Aside from its fear that injecting the Holocuast as part of Ukraine’s anti-Russian discourse could deprive Israel from its monopoly over the use and misuse of that historic tragedy, the Israeli official response to Zelensky also further exposed Israel’s stance on the war as defensive, suspicious and uncertain.
As the war rages on, Israel’s balancing act is becoming increasingly unsustainable. By allying fully with Ukraine, Israel could find itself at risk of losing Russia’s somewhat tolerant position pertaining to Israel’s ‘security’ in Syria and throughout the Middle East. Israel could also likely find itself at odds with Russia’s allies and semi-allies in China, India and other Asian countries. However, taking Russia’s side, a less likely scenario, means a break up of Israel’s historic alliance with its main benefactors in Washington and other European capitals.
As the world is likely to splinter among various power camps, Israel will find itself torn between its interests in the West, on the one hand, and the massive, emerging markets in the East, on the other. Though the West’s margin for tolerance when it comes to Israel by far exceeds its patience with other countries, it is only a matter of time before Israel will be expected to make a clean break from Russia and its economic, political and military interests that are tied to Moscow. When that happens, the geopolitical balance of power in the Middle East will likely shift against Israel, a scenario that would become even more difficult for Tel Aviv, if Iran manages to negotiate a return to the nuclear deal with the US and its western allies.
Though from the onset, Israel attempted to exploit the Russia-Ukraine war to its advantage, future scenarios are quite bleak for Tel Aviv.
Russia’s ruble payment plan leaves European gas buyers confused
Samizdat | March 23, 2022
German gas industry group Zukunft Gas said on Wednesday it was confused by the statement of Russian President Vladimir Putin about the switch of payments for Russian natural gas supplies to rubles.
“We took the message that Russia wants [us] to pay for gas supplies only in rubles with great confusion,” Timm Kehler, the director general of Zukunft Gas, told DPA agency. “We can’t predict at this moment what specific implications this will have for the gas trade,” Kehler said.
Meanwhile, Austrian OMV said it was going to continue to pay for Russian gas in euros. According to the head of the company, they have no other contractual basis.
President Putin announced earlier in the day that Russia will now accept payment for gas exports to “unfriendly countries” in rubles only.
The measure is the first serious response from Moscow to sanctions imposed on Russia by the US and its allies over the conflict in Ukraine. A number of mostly Western countries have taken steps to isolate Russia from their financial systems. Major Russian banks have been cut off from the SWIFT payment network, making it difficult for the country to continue transactions in euros and US dollars.
US is reestablishing a new Inquisition using Russia-Ukraine crisis as excuse
Global Times | March 22, 2022
The US, leading several attendants, is launching a round of international mobilization to condemn Russia. After US Secretary of State Antony Blinken accused China of standing “on the wrong side of history” in the Russia-Ukraine conflict, British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison immediately followed suit by putting pressure on China. During his visit to India, Japanese Prime Minister Fumio Kishida raised his voice on the Ukraine issue, attempting to lobby New Delhi to switch its stance to condemn Russia. Even the Associated Press tweeted, “Amid a worldwide chorus of condemnation against Russia’s war on Ukraine, Africa has remained mostly quiet.”
It is not up to Washington to decide who stands “on the wrong side of history.” The US cannot forcibly pin the label that belongs to itself to someone else. As a netizen commented under the AP’s tweet, “Us drinking panadol for your own headache is not something we’ll be doing.” The US is the one that triggered the conflict and is the biggest hidden hand behind the curtain, who has made the Russia-Ukraine crisis where it is today. To shirk its responsibility and seek its own interests, Washington concocted a new charge for those who haven’t condemned Russia to set up a new moral high ground for global sanctions against Russia.
The US is reestablishing a new Inquisition, infamous in medieval Europe, and all who disagree with the US have been labeled “heretics.” And the US also wants to tie and burn the “heretics” on the pillars of international public opinion.
Yet, to the disappointment of the US and its attendants, although they have been clamoring that countries should take sides, they cannot cover the fact that they are still the minority in the international community. The US wishes that the whole world will follow it to condemn and sanction Russia, but more than 100 countries are not involved in imposing sanctions against Russia.

The attitude of non-Western major powers, including India, Brazil, and South Africa share a similar attitude with China – hoping to facilitate dialogue for peace and quell the conflict as soon as possible. Why? Because everyone with a sober mind can see that extreme sanctions will not help solve the crisis. On the contrary, they will only add fuel to the fire.
Washington has been clamoring that only sanctions against Russia are “correct” moves. It is humiliating the judgment and political experience of the entire international community. If the crisis can be resolved by simply condemning or sanctioning Russia, it is believed the international community will surely have done it.
But the situation is completely different. Condemning Russia or adding a few names on the sanctions list won’t fix anything. Instead, they cut off ties that could have maintained communication and mediation between Russia and Ukraine. Doing so has further weakened the intermediary role in facilitating dialogue for peace.
By mobilizing the international community to “condemn” Russia and join the US sanctions team, Washington has no sincerity or idea of solving the Russia-Ukraine crisis. The “united front” it is advocating is only to satisfy US interests.
Now it wants to pressure China to “condemn” Russia to create a rift in China-Russia relations. If China resists the pressure and does not do it, the US will have an excuse to blame China. For the US, it would be ideal if China were to participate in sanctions against Russia which would result in the breakup of China-Russia relations. In other words, the US has dug a hole and imagines that China will have to jump into it.
It has to be said that this smart-aleck bullying is very “American.” But there is a fundamental difference between China’s logic and that of the US. China has always decided its position and policy based on the merits of the matter itself.
China has no self-interest in the Ukraine issue and is making real efforts to alleviate the humanitarian crisis while urging peace and promoting talks, which is in stark contrast to Washington’s inflammatory operations of sending weapons and imposing extreme sanctions. Who is on the right side of history? The international community can judge by itself, and it is not up to the US, the initiator of this crisis, to define it.
It was noted that on March 20, Chinese Ambassador to the US Qin Gang was interrupted 23 times by the host during a 9-minute interview with CBS. In the same program that day, US Defense Secretary Lloyd Austin and US Senate Republican leader Mitch McConnell were never interrupted by the host. This is a reflection of the political climate in Washington, where any dissenting voice is considered “heretical.” This is the most dangerous thing for the Russia-Ukraine situation.
Putin wants rubles for Russian gas
Samizdat | March 23, 2022
Russia will now accept payment for gas exports to “unfriendly countries” in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday.
The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western countries to freeze Russia’s assets destroyed all confidence in their currencies.
“I have decided to implement in the shortest possible time a set of measures to change the payments for – yes let’s start with this – for our natural gas supplied to the so-called unfriendly countries in Russian rubles, that is to stop using all compromised currencies for transactions,” the Russian president said.
“It doesn’t make sense to deliver our goods to the EU and the US and get paid in dollars and euros,” he added.
Putin gave the Central Bank and the government a week to determine the procedure for operations for buying rubles on the domestic market for importers of Russian gas.
The president added that Russia will continue to supply gas in accordance with the volumes and pricing principles of the contracts. Only the currency of payment will change.
The announcement caused a spike in the cost of contracts for gas supply at the TTF European hub, Forbes Russia quoted data from the Intercontinental Exchange as indicating. During Wednesday’s trading, the gas price rose from €97 per megawatt hour (MWh) to approximately €108.5 per 1MWh, but after the president’s speech, it jumped by another €10 to €118.75 per 1MWh, before retreating to €114 per 1MWh as of 1pm GMT.
In the past month, Russia has been hit with several rounds of unprecedented international sanctions over its military operation in Ukraine. The US, EU, and their allies have cut off the country from their financial systems, limited dollar and euro transactions, and froze roughly $300 billion in Russian forex reserves abroad, among other measures. At the same time, they have continued to buy Russian oil and gas.
India, US have different priorities
BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | MARCH 23, 2022
An extraordinary week has passed for the Modi government’s dalliance with the Quad. Call it a defining moment, a turning point or even an inflection point — it has elements of all three.
The last week saw a 2-day visit to Delhi by Japanese prime minister Fumio Kishida, virtual summit between Prime Minister Narendra Modi and Australian PM Morrison, and foreign ministry level consultations with the visiting US Undersecretary for Political Affairs Victoria Nuland. The leitmotif was the situation around Ukraine.
Biden has since taken a jab that India has a “somewhat shaky” stance on Ukraine. Who would have imagined that the geopolitics of Ukraine was going to shake up Quad?
Certainly, India had a premonition. The Indian foreign-policy establishment has had no misconceptions about what began unfolding in Ukraine in the last week of February. It had spotted as far back as November/December at least, like Elijah in the Bible, a small cloud like the palm of a hand coming up from the sea.
Unlike the Indian media, academia or think tanks at large, the Indian leadership could sense that an epochal global struggle for ascendancy by the US and its western allies versus Russia and China was breaking out in Ukraine. Modi sensed that there would be collateral damage to India unless it saddled up to get down from the mountain, as the sky began to grow black with wind-driven clouds, before the huge cloudburst of rain arrived.
There is a background to it. Any perceptive observer would have noticed that Modi has been in a reflective mood as regards foreign affairs for the past several months. His participation in the Summit for Democracy last December discernibly had a fin-de-siècle air about it — the closing of one era and onset of another. One could attribute it to the sobering effect of the pandemic.
The point is, India struggled with the pandemic all by itself. No matter the hype about it, India realised that it has no real partnership with the US or EU, that it was a mere transactional relationship — and that in the final analysis, India lived in its region.
Indeed, India handled the pandemic far better than most countries. International experts acknowledge it today, and those who threw stones at that time grudgingly accept it, too.
However, with the economy ravaged beyond recognition, the government is picking up the pieces and staggering forward. There is still so much of uncertainty in the air about yet another “wave” of the pandemic stealthily advancing to drown all ceremonies of repair and reconstruction of life.
Succinctly put, the big-power struggle in faraway Europe, precipitated by the Biden administration for geopolitical purposes to isolate and weaken Russia, erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship. The picture that the US is presenting of itself is far from convincing either: a battleground of tribalism and culture wars, an ageing superpower in decline with dwindling influence globally.
In the Indian economy’s tryst with destiny, the US is of no help. On the other hand, the waning multilateralism and the new constraints imposed on growth by the US’ growing propensity to weaponise the dollar, threaten to blight the shoots of post-pandemic growth in the Indian economy.
On Monday, Biden celebrated a Business Roundtable with the CEOs of the largest corporations in the American economy. He boasted: “6.7 million jobs last year –- the most ever created in one year; more than 7 million now. 678,000 created just last month, in one month. Unemployment down to 3.8 percent. Our economy grew at 5.7 percent last year, and the strongest in nearly 40 years… We reduced the deficit by $360 billion last year… And we’re on track to reduce it by over $1 trillion this year.”
Biden is understandably thrilled beyond words. Yet, when he deliberately orchestrated a confrontation with Russia at this juncture, it didn’t occur to him what crippling impact and downstream consequences his draconian “sanctions from hell” against a major G20 economy would have on the developing economies.
A UNCTAD report on March 16, titled The Impact on Trade and Development of the War in Ukraine, concludes, “The results confirm a rapidly worsening outlook for the world economy, underpinned by rising food, fuel and fertiliser prices, heightened financial volatility, sustainable development divestment, complex global supply chain reconfigurations and mounting trade costs.
“This rapidly evolving situation is alarming for developing countries, and especially for African and least developed countries, some of which are particularly exposed to the war in Ukraine and its effect on trade costs, commodity prices and financial markets. The risk of civil unrest, food shortages and inflation-induced recessions cannot be discounted…”
Does Biden even know that at least 25 African countries depend on Russia for meeting more than one-third of their wheat imports? Or, that Benin actually relies 100% on Russia for its wheat imports? And that Russia supplies wheat at concessional prices for these poor countries?
Now, how do these meek and wretched countries of the planet import from Russia when Biden and EU chief Ursula Gertrud von der Leyen join hands to block the banking channels for trading with Russia? Can Delaware find a solution?
The cruelty and cynical complacency with which the Biden Administration and the EU conduct their foreign polices is absolutely stunning. And, mind you, all this is happening in the name of “democratic values” and “international law”!
India cannot agree with the US and EU’s reckless attempt to weaponise global economic links. The fact of the matter is that the US and EU may not even win this war in Ukraine. Russia has almost completed 90 percent of its special operations. Unless Biden allows Kiev to agree to a peace settlement, the division of Ukraine along the Dnieper river is in the cards.
The US is destabilising the European security order while the western sanctions are destabilising the global economic order. The US and EU must bear responsibility for this collateral damage. The West is in panic that the world is living in the Asian century already.
“One reason for the optimism across the heart of Asia is the immense natural resources of the (Asian) region,” writes the famous Oxford historian Peter Frankopan in his recent book The New Silk Roads: The Present and Future of the World. For, the Middle East, Russia and Central Asia account for almost 70% of global proven oil reserves, and nearly 65% of proven natural gas reserves.
Prof. Frankopan writes: “Or there is the agricultural wealth of the region that lies between the Mediterranean and the Pacific… which account for more than half of all global wheat production… (and) account for nearly 85% of global rice production.”
“Then there are elements like Silicon, which plays an important role in microelectronics and in the production of semiconductors, where Russia and China alone account for three-quarters of global production; or there are rare earths like yttrium, dysprosium and terbium that are essential for everything from super magnets to batteries, from actuators to laptops — of which China alone accounted for more than 80% of global production… Resources have always played a central role in shaping the world… This makes the control of the Silk Roads more important than ever.”
The West still seems to want to “return to ‘normal’”, Frankopan writes, “and expects the newcomers to resume their old positions in the world order.” Clearly, India, an erstwhile British colony, understands the real agenda behind Washington and Brussels’ geopolitical struggle with Russia. Principally, India is looking in all directions — Russia and China included — for partnerships.
If the Chinese news website Guancha is correct, which it mostly is, “China-India diplomatic relations will significantly ease and enter a recovery period. China and India will realise the exchange of visits of diplomatic officials in a relatively short time. Chinese officials will go to India first, and Indian Foreign Minister Jaishankar will come to China.”
This is good news. Modi’s unique stature in Indian politics enables him to take difficult decisions. The renewed mandate he secured from the heartland puts him in a position to break fresh ground in foreign policy.
Russia settles another dollar debt
Samizdat | March 22, 2022
Russia’s coupon payment on a sovereign bond maturing in 2029 has been processed by correspondent bank JPMorgan Chase, Reuters reported on Tuesday, citing sources. The country was due to make a $66 million payment to bondholders on Monday on the bond.
According to a source familiar with the situation, JPMorgan worked on Monday with the US Treasury Department on necessary approvals. The payment reportedly moved on to the next stage before the money is handed over to bondholders.
Last week, JPMorgan, as a correspondent bank, processed Russia’s payment on two sovereign bonds, handing the funds to payment agent Citigroup. The latter distributed the funds to the bondholders.
Making this payment means Russia has avoided a widely expected external bond default. There was speculation in the media that the nation could default for the first time in a century, as much of its foreign currency holdings have been frozen by the US, EU, and a number of other countries.
Moscow has used money from frozen accounts to pay its external debt, daring Western countries to try to block the payments. Russia has accused the US and its allies of trying to engineer an artificial default in the country by not allowing it access to its estimated $300 billion in foreign reserves held abroad.
Russia has 15 international bonds outstanding with a face value of around $40 billion. Prior to the Ukraine crisis, roughly $20 billion was held by investment funds and money managers outside Russia.
The country now has to make a $102 million payment on March 28, followed by a $447 million payment that must be made in dollars on March 31. The biggest payment of the year of $2 billion is due on April 4.
Does Nato want peace in Ukraine? It doesn’t sound like it
By Kathy Gyngell | TCW Defending Freedom | March 22, 2022
Is there a path to peace in Ukraine? That’s the title of an article published on The American Conservative website two weeks ago that has only just crossed my desk.
Douglas MacGregor, a retired US Army colonel, a senior fellow with The American Conservative, and former adviser to the Secretary of Defense in the Trump administration, asked the question. In the two since then, matters in Ukraine have become even more desperate and the need for a path to peace ever more urgent.
Casualties are in the thousands, while millions have fled the country seeking refuge abroad. At the time of writing, the deadline given by Russia’s Ministry of Defence for the embattled city of Mariupol to surrender has been rejected, with Ukraine’s deputy prime minister Iryna Vereshchuk saying there can be ‘no question’ of capitulation.
However, Ukrainian President Volodymyr Zelensky appears to be pressing for a negotiated end to Russia’s invasion while at the same time ramping up the rhetoric by drawing links between Putin’s ‘final solution’ for Ukraine and the Nazi extermination of the Jews. This last he voiced in his challenge Israel over its failure to impose sanctions on Russia.
Meanwhile, there is no sign of a US initiative to help negotiate a ceasefire – which is the path to peace that MacGregor says Joe Biden should follow, although the president’s words and actions thus far ‘have rendered this practically impossible’.
Fomenting violence in Ukraine against Russia – which is pretty much how MacGregor describes current US policy – is not the way to go, he believes. It is he says, and as we can already see, dangerous to Europe and to the larger world.
He says both realism and restraint are lacking. Even if on a tactical level the performance of Russian forces has been uneven, that perceived failure has had ‘no discernible impact on the operational level of war, where they continue to pursue, encircle, isolate and destroy Ukrainian ground forces’, MacGregor asserts.
The end of this tragedy, he writes, is not in doubt. Ukrainian forces in Eastern Ukraine will be annihilated or captured.
His words have fallen on stony ground. On Sunday, Biden’s ambassador to the United Nations warned that there was little immediate hope of a negotiated end to the war.
Ahead of a crucial Nato summit in Europe this Thursday that his President is due to attend, his words confirm MacGregor’s view that ‘the Washington elite remains committed to any course of action that promises to prolong the conflict and kill more Ukrainians’.
He says: ‘No one inside the Biden Administration or in the Senate seems remotely interested in crafting a ceasefire, let alone developing the basis for a potential solution that will save lives and halt the destruction.’
Yet, this is not without historic precedent, as per the several examples of US negotiated peace deals he sets out in his article – which you can read in full here.
Without a properly negotiated ceasefire of the order MacGregor advocates, food supply chains in Ukraine risk final collapse and a ‘wave of collateral hunger’ around the world as a result of the carnage in Ukraine is predicted.
This warning comes from the World Food Programme – whose concern is not limited to besieged cities such as Mariupol, where food and water supplies are running out and relief convoys are unable to enter the city.
The WFP, which buys nearly half its wheat supplies from Ukraine, cites the worrying impact of the crisis on food security globally ‘especially on hunger hotspots.’
Whether Thursday’s Nato summit has included this aspect of the crisis on its agenda, I do not know. However, it has been reported that the gathering will be used ‘to look at strengthening the bloc’s own deterrence and defence, immediately and in the long term, to deal with the now openly confrontational Russian president Vladimir Putin’.
According to Nato Secretary-General Jens Stoltenberg, the summit is intended not just to show support for Ukraine, but also ‘our readiness to protect and defend all Nato allies’. By sending that message, he says, ‘we are preventing an escalation of the conflict to a full-fledged war between Nato and Russia’.
This does not sound much like a path to a negotiated peace.
Why Isn’t the US Army Moving to Occupy Western Ukraine?

Anti-Empire | March 20, 2022
The no-fly zone idea is totally insane. It means that Americans start shooting first and that war is therefore unavoidable. When you’re facing an opponent with as many fighters as Russia has you don’t wait for them to get in the air to engage, you try to destroy them on the ground which means sending missiles onto Russian airbases which means WW3.
Americans have this idea that you can use aircraft and have something that is less than a war, and it is only when you send ground troops in that things really become serious. But in this case, it’s actually the opposite. The air part is the more provocative part.
Next to the “no-fly zone”, the Polish idea of sending in NATO ground troops is actually slightly saner.
For example, the Russians are nowhere near the Carpathian mountains. NATO could theoretically move into Ukraine’s Carpathian region, dig into the mountain passes, and block off Ukraine to the west of the mountains without immediately triggering a Russian-American war.
If all went well, the US and vassals could then proceed to move into Galicia, and then again into Volhynia (and perhaps Budjak). They could conceivably tiptoe into occupying the entire Western quarter of Ukraine.
Kiev would be happy to invite them, it would serve to free up some Ukrainian troops for service elsewhere, and it would act as a guarantee that the Russians can not overrun at least this westernmost quarter of Ukraine. (And the imagery of Lviv welcoming the Americans with flowers would be just what they are suckers for.)
The US has already done a similar thing in Syria in blocking off Syrian-Russian forces from left-bank Euphrates and the area around al-Tanf. So this is not entirely unprecedented. The difference is that Ukraine is much more important to the Russians than Syria is. And that in Syria the Americans were there first so they regarded it as “theirs” and the Russians as the newbie interlopers.
Nonetheless, I think that at least for the next several months such a move is thankfully off the table for the following reasons:
1. Joe Biden was born in 1942 and was 15 when the USSR launched humanity’s first satellite into orbit. As someone who lived through the entire Cold War one thing he understands is that the one thing you don’t play around with is a global thermonuclear war. Not even a little bit.
2. The American voter wouldn’t like it and the midterms are coming up. It’s one thing to virtue signal with calls for a “no-fly zone” when you don’t even know what that means (apparently it’s a button you press that makes Russians unable to fly), but mention “US boots on the ground” and “war in Ukraine” in the same sentence and the reaction might be very different.
3. It would play into Moscow’s (not necessarily incorrect) narrative that this is a Russian struggle as much against the US as against Kiev. It could move the Russian public to support the war to a greater degree where it was willing to bear greater sacrifices for it, and tolerate greater use of firepower in Ukraine.
4. The Americans don’t necessarily want to prevent the Russians from moving into the most nationalistic parts of Ukraine. The US has been salivating over the prospect of an “insurgency” in Russian-occupied Ukraine that ultimately causes a Russian collapse the same way that in their minds Afghanistan caused the collapse of the Soviet Union. It is doubtful they would want to prevent the Russians from moving into regions where this hypothetical insurgency could be expected to be strongest.
5. It’s a distraction from containing China. A lot of people in Washington don’t want the US to get too involved in the sideshow of thwarting Russia in Europe if only because it would take focus away from what they see as the primary contest that is going to decide the winner of the 21st century.
6. In the long run it would take an enormous number of troops. In the immediate, you can block off the Russians from parts of Ukraine with a light tripwire force. What would keep the Russians from overrunning them isn’t their strength but that they’re American. However in the long term if you want any kind of stability you would have to match the Russian numbers. So then you’re back to a divided and heavily militarized Germany situation, except now it’s in Ukraine. And every infantry division you have in Ukraine is one less missile brigade in the Pacific.
7. There is probably no way DC could get the entire NATO behind a foray into Ukraine. So it wouldn’t be a true NATO operation, but a coalition of the willing from within NATO. That means that if 10 or 20 years later some Russian-American scuffle arises in divided Ukraine the Europeans wouldn’t necessarily be on the hook for it. That’s the last thing the Imperial Capital wants.
Aside from this big picture stuff, there are also more immediate reasons why the US would nonetheless probably be crazy to do it:
1. Even if they can’t march into it, the Russians will keep shooting cruise missiles into western Ukraine, so how does the US react? Israel and to a lesser extent the US keep shooting missiles into Syria where the Russians are present and it’s messy.
2. What happens when the Ukrainians inevitably start using the US-occupied sector as a safe zone to launch raids from and conduct artillery attacks from?
3. The Americans wouldn’t want to move in without air cover of their own. They would bring anti-aircraft systems and fighters. So you’re in a situation where US and Russians are constantly illuminating each other with radars, but now it’s in the context of a hot war and with no deconfliction. Incidents, where a jumpy US pilot destroys a radar station or is shot down himself, are inevitable and there’s a high likelihood of the situation devolving into an air war exactly as if a “no-fly zone” had been declared over entire Ukraine.
