Europe’s Economic Hara-Kiri

Sunday, 25 September 2022 — Peoples Democracy

Prabhat Patnaik

THE cessation of natural gas supplies from Russia to Europe in retaliation against Western sanctions imposed on Russia because of the Ukraine war, is threatening Europe not only with a winter with inadequate heating that will take a big toll in terms of lives among poor people, but also with large-scale closures of enterprises; such closures would push up the unemployment rate, and significantly increase poverty and destitution among the workers.

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Europe, more than Putin, must shoulder the blame for the energy crisis

The same arrogant, self-righteous posturing from the West that fuelled the Ukraine war is now plunging Europe into recession

Middle East Eye – 14 September 2022

Outraged western leaders are threatening a price cap on imports of Russian natural gas after Moscow cut supplies to Europe this month, deepening an already dire energy and cost-of-living crisis. In response, Russian President Vladimir Putin has warned that Europe will “freeze” this winter unless there is a change of tack.

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India’s energy diplomacy blossoms, finally

Wednesday, 7 September 2022 — Indian Punchline


Indian Oil Corporation’s Numaligarh Refinery, Assam (File photo)

To be sure, energy security has surged as the key to a country’s strategic autonomy and independence, as world events testify, currently within the matrix of “food-fertiliser-fuel” sufficiency where the global supply chains are disrupted. Europe’s missteps on this front, upon the advice of the US to atrophy and sever the continent’s seven decades-long economic links with Russia, is proving to be a Himalayan blunder that threatens the western economies with recession and brewing political turmoil.

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Sanctions war isn’t going as planned – The Economist

Saturday, 27 August 2022 — RT (The source may or may not be available due to Western censorship)

The expected knockout blow from anti-Russia restrictions “has not materialized,” the UK magazine reports

The harsh sanctions imposed on Russia by the West over the conflict in Ukraine have so far been unable to deliver the desired result, The Economist magazine has acknowledged, adding that the strategy has “flaws.”

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Ukraine grain deal is a feel-good event. But road to peace is long and winding

Sunday, 24 July 2022 — Indian Punchline


Combines work on a wheat field near the village of Talniki in Siberia (File photo). For the first time since the days of the tsars, Russia has emerged in recent years as the world’s largest wheat exporter

The agreements signed in Istanbul on Friday regarding the export of grain out of Ukraine and Russia catch the headlines as a major development from the angle of global food security, which it surely is. Between around 22 million tonnes of grain from last year’s harvest now trapped inside Ukraine due to the war, and an estimated 41 million tonnes from Russia’s 2022/23 wheat exports, around 60 million tonnes, are reaching the world grain market.

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Russia teaches Europe ABC of gas trade

Wednesday, 20 July 2022 — Indian Punchline


Gazprom’s Nord Stream gas pipeline, Lubmin, Germany

The unthinkable is happening for the second time in five months: Russian gas giant Gazprom writes to German gas companies announcing force majeure effective from June 14, exonerating it from any compensation for shortfalls since then.

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Cuba is Not a Sponsor of Terror!

Tuesday, 19 July 2022 — Code Pink

A crucial policy of the Trump administration remains, and that is Cuba’s presence on the State Sponsors of Terrorism list.  It is critical to Cuba’s ability to pursue economic, trade and humanitarian activities that it be removed immediately from the list – a power well within Biden’s authority.  Please sign our petition to the White House calling for Cuba to be removed from the list.

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Ukraine peace talks in the cards?

Saturday, 16 July 2022 — Indian Punchline


A goods yard in Kaliningrad, the Russian exclave that has become increasingly isolated since the start of Ukraine war

Finance ministers are the pangolins in the world of international diplomacy, solitary animals and predatory, unlike foreign ministers who are like glowworms, mesmerising and gorgeous animals that create light through their tail. While the US Secretary of State Antony Blinken attending G20 foreign ministers meeting in Bali a week ago staged a dramatic walkout when Russian Foreign Minister Sergey Lavrov rose to speak, Treasury Secretary Janet Yellen simply sat through the speech by Russian minister Anton Siluanov at the meeting of G20 finance ministers and central bank chiefs that began in Bali on Friday.

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India to boost Sakhalin-1 oil output

Sunday, 10 July 2022 — Indian Punchline

Sakhalin-1 oil and gas development project is located off the coast of Sakhalin Island in the Russian Far East (File photo)

After Sakhalin-2, Moscow also plans to nationalise Sakhalin-1 oil and gas development project by ousting US and Japanese shareholders. But Moscow will make an exception for India so that OVL which holds 20% stake will remain & continue to work. Moscow grapevine is that while Rosneft will continue to hold controlling share, more Indian companies may be inducted to replace US & Japan and thereby also ensure a sales market in India.

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Extortions against Russia hit Latin America

Wednesday, 13 April 2022 — Opciones

images/authors/2022/04/lrNI6Y_06-04-2022_14.04.04.000000.jpg Hedelberto López Blanch

The enormous pressures exerted by the United States on Latin American nations to join the Russophobic policy it has imposed on the planet by controlling the main media outlets may exacerbate these problems.

One of the most affected is Ecuador, because if in 2021, 20% of the bananas it exported were destined for Russia (some 85 million boxes), now it has nowhere to put them and they will go to waste with the consequent monetary loss.

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NATO vs Russia: what happens next

Tuesday, 24 May, 2022 — The Saker

In Davos and beyond, NATO’s upbeat narrative plays like a broken record, while on the ground, Russia is stacking up wins that could sink the Atlantic order.

By Pepe Escobar, posted with the author’s permission and crossposted with The Cradle

Three months after the start of Russia’s Operation Z in Ukraine, the battle of The West (12 percent) against The Rest (88 percent) keeps metastasizing. Yet the narrative – oddly – remains the same.

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No, The Ukraine War Has Not Stoked A Global Food Crisis.

Saturday, 21 May 2022 — Moon of Alabama

Russia is falsely accused of blocking Ukraine’s sea ports and thereby increasing a global food shortage:

The United Nations has warned that the war in Ukraine has helped to stoke a global food crisis that could last years if it goes unchecked, as the World Bank announced an additional $12bn in funding to mitigate its “devastating effects”.

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Indo-Pacific strategy adrift in an illusion

Friday, 13 May 2022 — Indian Punchline


US President Joe Biden and leaders of Association of Southeast Asian Nations at a special summit, Washington, May 12, 2022

The Chinese daily Global Times featured a political cartoon marking the US-ASEAN summit meeting in Washington on May 12-13. It showed the US President Joe Biden seeking help from a bus load of ASEAN officials to give a push to his battle tank hopelessly stuck on slush and mud and is sinking.

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EU stumbles over Russian oil slick

Wednesday, 11 May 2022 — Indian Punchline


Hungarian PM Viktor Orbán (R) with  President of European Commission Ursula von der Leyen, Budapest, May 10, 2022

The European Union officials are insisting that oil sanctions against Russia are coming. On Sunday, France’s Ecological Transition Minister Barbara Pompili was certain that “we will reach (an agreement) by the end of the week.”

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Venezuela Seeks Investigation by International Criminal Court (ICC) as to Whether U.S. Sanctions Constitute Crimes Against Humanity

Monday, 11 April 2022 — CovertAction Magazine

By Ryan Swan

Report: US Sanctions Have Cost 40,000 Venezuelan Lives |[Source:]

Adopted as part of regime-change operation, sanctions have killed at least 40,000 Venezuelans.

Economic coercive measures, commonly known as economic sanctions, are a means of coercive pressure through disruption of trade relations and economic isolation. The use of sanctions under international law is governed chiefly by Chapter VII of the United Nations Charter, providing that the Security Council may decide to enact a “complete or partial interruption of economic relations” in order to restore international peace and security.

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To NATO’s Mafia, Sport Is Strictly Business

Friday, 1 April 2022 — Strategic Culture Foundation

Declan Hayes

Valieva, Mitchell and today’s other sporting greats best fix up their spare bedrooms as plenty of redundant athletes are coming their way.

Though terrorizing Russian teenage figure skating sensation Kamila Valieva and cancelling Russian Paralympians from the international stage both spit in the face of the spirit of Greece’s original Olympics, they are in full harmony with how NATO’s Mafiosi and their political commissars regard their lucrative sports’ empire. To the Mafia, excluding the world’s largest country from all sports is strictly business.

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