Miscellaneous News

Michaelsinodef

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G-7 vows to take 'necessary' steps to stop Russia evading sanctions​

NIIGATA, Japan -- The Group of Seven wealthy economies vowed to counter attempts to undermine economic sanctions on Russia, sending a warning to countries such as India that trade with Moscow.

A joint statement released Saturday by the bloc's financial ministers and central bank governors after a three-day finance meeting in Niigata included plans to enhance support for developing nations. This reflects the G-7's recognition that more engagement with non-members is necessary to prevent non-democratic states such as Russia and China from enhancing their influence through economic ties.

"We reiterate our unwavering support for Ukraine for as long as it takes and are united in our condemnation of Russia's illegal, unjustifiable, and unprovoked war of aggression against Ukraine," the statement said. The G-7 will "take any necessary and appropriate enforcement actions required" to counter "any attempts to evade and undermine our sanction measures" and will "call on other countries" to join them.

"We were able to firmly confirm that the G-7 will respond in a more united manner to major international issues" such as Russia's invasion of Ukraine, Japanese Finance Minister Shunichi Suzuki told reporters.

U.S. Treasury Secretary Janet Yellen said that the bloc had "teams traveling around the world conducting joint engagements to identify new disruptive evasion networks" in their efforts to "choke off sanctions evasion."

The G-7 has been seeking countermeasures against
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to Russia from China, India and Turkey, which they believe is limiting the impact of the current economic sanctions.

The meeting also focused on Beijing's oversized role in critical supply chains, especially clean technologies like solar panels and electric vehicle batteries.

The G-7 is "currently developing" a partnership with "interested countries," the World Bank and relevant international organizations to help poorer nations play a bigger role as suppliers of such businesses. The bloc aims to launch the initiative "by the end of this year at the latest," the joint statement said. Details on funding will be decided later, Suzuki said.


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So they are gonna try and intimidate, threaten and disrupt trades that other nations enjoy with Russia?

Classic anglos.
 

Strangelove

Colonel
Registered Member
So they are gonna try and intimidate, threaten and disrupt trades that other nations enjoy with Russia?

Classic anglos.

Meanwhile they can enjoy their double-digit food inflation...


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Rising food prices a priority concern for UK – Bloomberg​

Grocery inflation surged above 19% in March, according to data from the Bank of England

Rising grocery prices in the UK have replaced energy as the main inflationary concern for the Bank of England (BoE), Bloomberg reported on Thursday, after the bank made a 12th consecutive hike to the base interest rate.

Although energy prices have slightly declined, British families are facing a tight squeeze on their finances due to double-digit inflation. Low- and middle-income families are being hit the hardest, given that they spend the bulk of their income on essentials and are now seeing a dramatic increase in their shopping bills.

Food inflation has been “particularly high,” reaching 19.1% in March, according to the BoE. Over the past year, grocery price growth in the UK has been at its highest level since records began. It has now replaced energy costs as the most important financial issue for the public, the Bloomberg article states.

“We are acutely aware of how difficult this rise in food prices is for people, especially for those on lower incomes,” Bank of England Governor Andrew Bailey told reporters on Thursday.

He said he expects food price inflation to start slowing down soon but admits that it is taking “longer than we previously thought.”

Meanwhile, economists say it has become difficult to gauge where prices will go at a time of major supply disruptions caused by the conflict in Ukraine in “today’s modern, interconnected world.” This has meant the BoE lacks past experience for making food price forecasts, according to Bloomberg.

“The sustained higher price level represents a long-term cost for households and businesses, and this is one driver of subdued economic activity over the forecast horizon,” the BoE’s recent Monetary Policy Report said.

According to Bloomberg, even with lower energy costs, it will take time for food producers, such as farmers, who often buy key supplies like fertilizers in advance, to adjust prices and make their goods more affordable to consumers.
 

baykalov

Senior Member
Registered Member
The US and Europe want Erdogan to lose in the upcoming elections.

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Sunday’s presidential election in Turkey is being watched carefully in Western capitals, NATO headquarters and the Kremlin, with Turkey’s longtime mediating role in the complex and often vexing relations between the parties riding on the outcome.

With President Recep Tayyip Erdogan slightly trailing his challenger, Kemal Kilicdaroglu, in recent polls, the prospect that the Turkish leader could lose the election is concentrating diplomatic minds.

Officially, people on the Western side won’t talk about their preferences, to avoid being accused of interfering in Turkey’s domestic politics. But it is an open secret that European leaders, not to speak of the Biden administration, would be delighted if Mr. Erdogan were to lose.

As Carl Bildt, the former Swedish prime minister, said on Friday, “We all want an easier Turkey,” a strategically important member of NATO that has, under Mr. Erdogan, become an increasingly troublesome partner for the European Union, which has largely abandoned the idea of Turkish membership.

Russia, too, has much riding on the election’s outcome. Under Mr. Erdogan, Turkey has become Russia’s indispensable trading partner and at times a diplomatic intermediary, a relationship that has assumed an even greater importance for the Kremlin since the invasion of Ukraine.

Throughout his 20 years in power, Mr. Erdogan has pursued a nonaligned foreign policy that has frequently frustrated his putative Western allies and provided a welcome diplomatic opening for Moscow — perhaps never more so than after Russia’s invasion of Ukraine.

By refusing to enforce Western sanctions on Moscow, Mr. Erdogan has helped undermine efforts to isolate the Kremlin and starve it of funds to underwrite the war. At the same time, the stumbling Turkish economy has feasted recently on heavily discounted Russian oil, helping Mr. Erdogan in his quest for a third, five-year term.

Mr. Erdogan has further irritated his allies by blocking Sweden’s bid for membership in NATO, insisting that Stockholm first turn over scores of Kurdish refugees in the country, especially from the Kurdistan Workers’ Party, which both Ankara and Washington consider a terrorist organization.

More broadly, for the European Union and Washington there is the strong feeling that Turkey under Mr. Erdogan has moved farther away from European values and norms like the rule of law and freedom of the press.

Kaja Kallas, Estonia’s prime minister, said in an interview that NATO and the European Union viewed the election differently. It is a defense alliance, she said, and “Turkey is one of the allies that has great military capacities” to help NATO in a key part of the world. “So I don’t think anything changes in terms of NATO in this regard whoever wins the elections.”

For NATO, of course, the hope is that a change of leadership in Turkey will end the standoff over approval of Sweden’s membership in the military alliance, ideally before a summit in Vilnius, Lithuania, in July.

In Washington, Mr. Erdogan’s drift toward authoritarianism, his ties to President Vladimir V. Putin of Russia and his disputes with NATO have exasperated officials — and even led some members of Congress to suggest that Turkey should be banished from the NATO alliance.

While the United States, the European Union and, to a lesser extent, NATO stand to gain from an opposition victory, Mr. Putin almost certainly will be seen as the loser if Mr. Erdogan is ousted.

Not only has Mr. Erdogan refused to join Western sanctions against Russia and provided a market for its oil and gas, Turkey has also become a source for Moscow of much-needed imports and a crucial link to the global economy amid tightening Western sanctions. The Kremlin also sees in Mr. Erdogan’s often confrontational nationalist rhetoric the potential to disrupt the NATO alliance.

For its part, Turkey has benefited not only from cheap Russian energy, but also from Russian investment and revenues from Russian tourism, which have risen since the start of the war. Russia is building Turkey’s first nuclear power plant and, since war began, has announced plans to make the country a hub for its natural gas trade.

The two long-serving leaders also share an authoritarian streak and confrontational rhetoric toward the West, emphasizing historical grievances against other world powers. Mr. Erdogan’s relationship with Mr. Putin has allowed him to play the role of statesman as a mediator for Moscow’s war on Ukraine, most recently by brokering a deal to allow the export of Ukrainian grain.

But Mr. Putin and Mr. Erdogan’s partnership has always been based on mutual self-interest rather than ideological affinity, and the two countries compete for influence in the Caucasus and Middle East. Most notably, the two leaders back different factions in the armed conflicts in Syria and Libya. Relations grew tense after Turkey shot down a Russian fighter jet in 2015.

Mr. Erdogan has stopped short of offering Mr. Putin direct support in the war in Ukraine, and his government has angered Moscow by allowing the sale of Turkish armed drones to Kyiv.

In another worrying sign for the Kremlin, Mr. Kilicdaroglu, the opposition leader, accused Russia this past week of interfering in the country’s election by spreading “conspiracies, deep fakes and tapes that were exposed in this country yesterday.”

That was a reference to an alleged sex tape that surfaced on Thursday, prompting a minor presidential candidate to leave the race.

“Get your hands off the Turkish state,” he wrote in Turkish and Russian, though adding: “We are still in favor of cooperation and friendship.”

Mr. Kilicdaroglu has promised to maintain economic ties to Russia if he wins the presidency, but it remains unclear whether he would maintain Mr. Erdogan’s delicate balancing act in Ukraine.

As an indication of the sensitivity of the situation, when the United States ambassador to Turkey, Jeff Flake, met with Mr. Kilicdaroglu last month, he drew Mr. Erdogan’s ire. Saying that he would no longer meet with Mr. Flake, the Turkish president added, “We need to teach the United States a lesson in this election,” Turkish news media outlets reported.

Europe’s leaders, while silently rooting for an Erdogan defeat, are growing concerned about the potential for post-election turmoil, especially if Mr. Erdogan loses narrowly or the election goes to a second-round runoff in two weeks.

“It is a watershed election,” Mr. Bildt said. “But democracy is at stake. And my second concern is that we get a result” that means a division of powers — a powerful presidency under Mr. Erdogan and a Turkish Parliament controlled by an unstable opposition coalition.

“The risk of constitutional stalemate is quite high,” Mr. Bildt said.
 

Eventine

Junior Member
Registered Member
Powerful bloc? I think you're mistaking Indian CEOs and puppet politicians for real power. The Jews elites in the West are in control of banks, investment firms, media, science labs, and Hollywood. They are the shareholders who direct the CEOs. They are the lobbyists who direct the politicians. That is what true power looks like.

The elite Indians in the West are mostly CEOs and puppet politicians. There are a few billionaires like Mittal and Tata buying up stuff in the West. But they don't have nearly the same influence in Western societies as the Jew elites.

It's not clever. That is what Indians do. They are masters at selling and boot licking. They'll coddle up to anyone in a superior position to gain some advantage. Don't mistake that as friendship. They'll abandon you as soon as you don't benefit them. They'll even scam you when they sense the opportunity.

Indian immigrants are not taking control of companies and politics. Like I have mentioned many times before. They are master yesmen, the perfect servant. CEOs in big corporations are not owners. They are the chief of the servants. Serving the shareholders. Shareholders today hate being told no. Competent CEOs will tell them no once in awhile. Not Indian CEOs. Indian politicians in the West are not taking control of anything. Rishi Sunak's policies are indistinguishable from Liz Truss. He has no say in things. Kamala Harris is more like a Biden cheerleader. She says standard stuff. She adds nothing new. Indian Republican politicians scream about introducing the NRA into Taiwan. Any white NRA Republican fanatic could have said that.

Indians sell their souls to anyone who could give them a leg up in their lives. They would promise the world to their benefactors and blame others for failures. And while they are add it, they would also scam their benefactors too.


There is no yin and yang between India and China. India is among a long line of idiot nations whom the West wishes to recruit against China. If India is a yin, then so as Japan, SK, Australia, Lithuania, the PH, etc.

India's foreign policy is nothing smart at all. India is 'friendly' to everyone? Look closer. India is friendly only to the West, and Russia. The developed countries. But India is hostile and judgemental to other lesser nations, especially it's Asian neighbours. India insults and bullies it's lesser Asian neighbours. India insults and tries to bully nations in the Middle East, SEA. Africa is out of reach, but India is not reaching out to them in any appreciable manner. That is a dumb foreign policy. It'll win India only friends from the developed world, who have their own agendas for India. India is like that pathetic spineless poor kid in school. Cuddling up to the cool kids to join their club, whie abandoning his fellow poor friends and family. When the cool kids ask him to arm-twist his poor brother to extort money for them, he'll gladly do it without qualms. Without shame and remorse. That is how India works today.

The only thing to learn from India is how not to become a serious nation. Despite starting out much better than China in 1947, India has 1/5th the economy of China today. Indian foreign policy is duplicitous. While it shows friendship, it also does things against them. For example, bullying Western businesses in India. Or following the West in humiliating Russia in the last G20. India is also unapologetically proud of it's oligarchic economy. Proudly elevating it's billionaires while ignoring the have-nots. India's policies are all loud and noisy, but hollow in implementation. The result? Even with a population comparable to China. Even with favourable opinions from the West and Russia. India remains stuck in the low-middle income economy.

India is sending its brightest people to the West, yet it owns nothing. Does the govt of India own Microsoft? Does it own the UK parliament? India is licking the boots of the West, because it thinks the West would give it economic opportunities to become as big and powerful as China. Judging from India's cultural nature, it won't truly know how the West will manipulate it into becoming another neo-colony. The West will aim to stagnant India's economy and brain drain it's brightest to the West. China managed to block Western plots to turn it into a neo-colony. From 1989 all the way to Ant Group's IPO delisting. India is not doing that, it fully embraces the West, thinking that it is an honorary Asian member of the West. India is willingly becoming a neo-colony of the West.

Luckily for India, the West is running out of time. There appears to not be enough economic and political runway left for the West to recolonize India. But when the West abandons India, it'll will be left in an isolated position in Asia. But knowing India. It'll be shameless, and will attempt to woo BRICS next. Starting off course, with Russia. At that time, it is actually best to keep India at arms length, it should not to be trusted at all. It'll mess up the BRICS when it senses the opportunity. It'll scam any naive BRICS members, especially Russia. I predict that Russia will go through their own painful lesson of getting too close with India in due time.
The Jewish diaspora in the West did not always have the level of power and wealth they enjoy today. At first they were just merchants and shop owners. It took a long time for them to build up their influence, but they did.

Indians have not been immigrating to the US for as long as Chinese, Japanese, and Koreans. At least not in numbers. But they are already more successful as a group defined by wealth and political influence. There have been more Indian American politicians than there have been Chinese American politicians despite the Chinese population being historically larger. There have certainly been more Indian American executives.

There are obviously various reasons for this. It doesn't mean Indians are necessarily more talented - academically, they're weaker than Chinese, and as business founders, they have quantity (many technology unicorns were founded by Indians), but not quality (few became house hold names).

But if we want to project this forward, the number of Indian Americans at the top of corporate hierarchies is increasing, as networking effects are taking hold. Yes, the venture capitalists and founders sitting on the board aren't Indian. Yet with CEOs generally receiving massive equity packages, it is conceivable that one day, they will be.

What's even more important, though, is India's successful playing of the West. Diplomatically India was able to maneuver itself into a position that most countries would envy - having virtual immunity from Western actions despite gross violations of human rights and geopolitical aggression. Even at the height of US-China engagement, this was not the case - the US never supported China's territorial claims against the Soviets, the way it supports India's territorial claims against China, and it never ceased to punish China for actions like the Falun Gong crack downs, Tibet, Xinjiang, etc. While it does nothing about Indian actions in Kashmir, the Northeast, etc.

Yes, India is not that strong, and the perception of Indian weakness is one reason it's been given a free pass. But where for most countries - like Iran or Saudi Arabia or pretty much everybody in Africa - national weakness is a license for the West to either isolate the regime or thoroughly dominate it, India has for whatever reason been able to operate at the margins of Western control, while taking full advantage of its perceived "weakness" to win Western sympathies. This might come back to what you said about Indians being great at kissing up, but while we might find that shameful, we should also recognize it's allowed a poor, weak country to punch well above its weight geopolitically, such that many Chinese strategists today consider India one of its greatest threats in the future.
 

baykalov

Senior Member
Registered Member
Lithuania should talk to China from a position of strength, Lithuanian Foreign Minister said:

"You cannot talk to China from the position of a weak and dependent player. We have already done this with Russia. Europe forms the foundations of world geopolitics from a position of strength and risk reduction,” Lithuanian Foreign Minister Landsbergis at a meeting of EU foreign ministers.

A chihuahua wants to speak to a dragon from a position of strength...


 

Strangelove

Colonel
Registered Member
Lithuania should talk to China from a position of strength, Lithuanian Foreign Minister said:

"You cannot talk to China from the position of a weak and dependent player. We have already done this with Russia. Europe forms the foundations of world geopolitics from a position of strength and risk reduction,” Lithuanian Foreign Minister Landsbergis at a meeting of EU foreign ministers.

A chihuahua wants to speak to a dragon from a position of strength...



No probs, Lithuania is more than welcome to demonstrate its postion of strength and superiority by sanctioning Chinese goods and sending its aircraft carriers and stealth bombers to the Taiwan Strait, then we'll respect and listen to you Vilnius.
 

plawolf

Lieutenant General
Lithuania should talk to China from a position of strength, Lithuanian Foreign Minister said:

"You cannot talk to China from the position of a weak and dependent player. We have already done this with Russia. Europe forms the foundations of world geopolitics from a position of strength and risk reduction,” Lithuanian Foreign Minister Landsbergis at a meeting of EU foreign ministers.

A chihuahua wants to speak to a dragon from a position of strength...



It is well known the US, especially it’s military and intelligence apparatus, loves to use acronyms. I suspect the poor Lithuanians might have lost their cheat sheet and misinterpreted what their masters wanted.

The Americans probably sent Lithuania a memo that said, ‘You need to act like a huge PoS when dealing with China’, that works because Lithuania is so tiny and insignificant, it’s hard for China to respond without looking like a bully, especially when the US controlled western MSM will bury news about Lithuanian provocations against China while giving maximum exposure to any Chinese replies.

But the Lithuanians read PoS as Position of Strength, and so here we are.
 
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