The United States restricted trade with five companies on Wednesday that it said help produce and procure drones for use by Russia in Ukraine and by Iran-backed Houthis in Red Sea shipping attacks. The companies from Russia and China were among 11 additions to the Commerce Department’s Entity List, which means suppliers need licenses before...
Tag: Russia
Violent war of words between Algiers and Abu Dhabi
The latent crisis between Algiers and Abu Dhabi is now out in the open. This week, the X network (formerly Twitter) is flooded with hundreds of messages, oscillating between reproaches and hostilities, between Emirati internet users and, on the other side, Algerians or other nationalities defending Algiers’ position. The intensity of these less-than-cordial exchanges is...
Vladimir Putin’s gold strategy explains why sanctions against Russia have failed
There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 per cent in 2024. Nearly six per cent of Russia’s gross domestic product goes towards military spending. At a time when Ukrainian President Volodymyr Zelenskyy is...
Sanctions, What Sanctions?
Last September, I had argued why “a war of arms and a peace of commerce cannot co-exist”. This is a follow up to that and events of the last 2 years sadly reinforce the point. With Russia’s GDP (troublingly) growing by 3.6% in 2023, Putin is overseeing the fastest-growing G7 economy with unemployment at an...
Why Russia Has Been So Resilient to Western Export Controls
Following Russia’s invasion of Ukraine, the United States imposed an unprecedented package of sanctions intended to make Russia pay a high economic cost for its aggression and to constrain the Russian military. U.S. President Joe Biden declared that Russia would “bear the consequences” for the invasion and emphasized that sanctions were designed to reverse Russia’s military modernization,...
The Future of Russian Energy Exports under Sanctions
Since the Russian invasion of Ukraine in February 2022, the European Union (EU) has pursued policies aimed at shifting its energy sources away from Russia. This has resulted in a decline in the bloc’s dependence on Russian energy. Meanwhile, Russia has focused on exporting oil and natural gas to regions outside the EU to maintain...
Dirty Money Is Destroying Sudan
A humanitarian and human rights catastrophe is unfolding in Sudan. With nearly 11 million people already displaced—three million of them children—the country is now home to the most people rendered homeless by conflict worldwide, and its populace sits poised on the brink of a major famine. A collapsing medical system renders the war’s true death...
Russia has recruited as many as 15,000 Nepalis to fight its war. Many returned traumatized. Some never came back
Ramchandra Khadka stood in front of a temple in the middle of Kathmandu, Nepal, praying for his fellow countrymen who are fighting for Russia in Moscow’s war against Ukraine. As the ceremonial bells rang and the sweet smell of incense filled the air, he lit candles and offered flowers to a deity. All he wants...
Why Did the UAE Come to Assad’s Aid and Ease Syria’s Isolation?
While so much attention is focused on Israel’s war in Gaza and its shockwaves across the Middle East, Syrian President Bashar al-Assad’s government is steadily reintegrating into the Arab world, despite still being shunned by the West as a pariah. Since Syria made its full-fledged return to the Arab League in May 2023, when Assad...
Indians ‘tricked’ into fighting for Russia with promise of jobs in Dubai
Worried families seek return of relatives trapped in warzone after false promises from agent. At least 20 Indian citizens are trapped on the front lines of the war in Ukraine after being tricked into travelling to Russia and then forced to join the army. Relatives of some of those who have been sent to fight...