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Italy's largest oil and gas company ENI is ready to comply with Russia's requirements to open a Gazprombank account for ...
17/05/2022

Italy's largest oil and gas company ENI is ready to comply with Russia's requirements to open a Gazprombank account for transactions in rubles

16/05/2022

Sending arms to Ukraine doesn’t make Berlin ‘a party to the war’ - German Federal Minister of Justice

16/05/2022

'Turkish people' opposed to Finland, Sweden NATO membership - Turkish FM Mevlut Cavusoglu

Key takeaways from UN Security Council meeting on US biolabs in Ukraine (15.5.):1. The US refuses to explain its engagem...
16/05/2022

Key takeaways from UN Security Council meeting on US biolabs in Ukraine (15.5.):

1. The US refuses to explain its engagement in military bio activities in Ukraine. Keeps shrugging off several hundred pages of evidence. “These are all lies and Russia’s propaganda, and we are good guys because it can’t be otherwise”. Not a word on the point of discussion.

2. Western delegations are praising the Biological Weapons Convention (BWC) and calling on us to make use of its mechanisms. They fail to mention however that it is the US who is blocking the elaboration of BWC verification mechanism. Such a hypocricy!

3. The US refuses to explain why it doesn’t want an effective international verification mechanism for bio weapons. Why act like this unless you are trying to conceal something? Why does Washington position itself above the international law? American exceptionalism at its best.

Main conclusion: we have definitely hit their soft spot. It’s clear for any unbiased observer that they are obscuring the issue.

It will be hard for Ukraine’s economy to sustain a long warThe World Bank has predicted (https://www.economist.com/europ...
16/05/2022

It will be hard for Ukraine’s economy to sustain a long war

The World Bank has predicted (https://www.economist.com/europe/it-will-be-hard-for-ukraines-economy-to-sustain-a-long-war/21809222) that Ukraine’s GDP will shrink by perhaps 45% in 2022. Customs revenues, a significant part of the government’s tax take, have crashed to around a quarter of their pre-war level thanks to lower imports and the suspension of many duties. Military salaries are another big burden. It all adds up to a financing gap of around $5bn every month, estimates Serhiy Marchenko, the Minister of Finance of Ukraine in an interview with “The Economist.” That is roughly 5% of Ukraine’s depleted GDP for every month that the war goes on

💁‍♂️Marchenko says, he spends most of his day, lobbying foreign governments for help. America is where he has the highest hopes. Most of the expected money will be for arms, but at least $8.5bn is for economic support. “It’s good news, but what will the American package look like, and when will it arrive? We don’t know.”

The IMF has helped as well. It has encouraged America and other countries to...

The head of the largest faction of the European Parliament threatened Turkey with isolation if it blocks Finland's acces...
16/05/2022

The head of the largest faction of the European Parliament threatened Turkey with isolation if it blocks Finland's accession to NATO

Passions about the Finns have started: the application to NATO has not been officially seen yet, but various players are already hammering out preferences, taking advantage of the need of Washington and Brussels to quickly sign off on the expansion of the Alliance

Officially, Istanbul is outraged that the Swedes and Finns are cooperating with the banned Kurdistan Workers' Party

(https://t.me/theriotimes/2587)Meanwhile, the British are paving the way for a merger of NATO and AUCUS - to share responsibility for maintaining Anglo-Saxon hegemony in the Pacific with the Europeans. The conditions are being created for a split in the Alliance

The golden era of cheap food in Britain is coming to an endThe former head of the second largest retail chain in Britain...
16/05/2022

The golden era of cheap food in Britain is coming to an end

The former head of the second largest retail chain in Britain Sainsbury's Justin King said that citizens of the country should prepare for high food prices in the long term, and the government should think about providing benefits, writes The Guardian

(https://www.theguardian.com/business/2022/may/13/golden-era-cheap-food-sainsburys-boss-justin-king-benefits-households)King noted that many families simply would not have extra money to buy groceries. He suggested that it would take "extraordinary amounts" of money for the government to target people. King cited the £20-a-week universal credit increase imposed by the government during the COVID-19 pandemic

"Perhaps the golden era is behind us. We have never before spent less on groceries than we do now, and the decline has been long and smooth. So I suspect that food spending will rise in the long run. Historically, it won't be much, but it will still require adjustments to the family budget," King reported

Prime Minister Johnson has ordered the British government to lay off more than 90,000 civil servants.

36.8% - Eurozone industrial inflationIn March 2022, industrial producer prices rose 36.8% year-on-year in the Eurozone, ...
16/05/2022

36.8% - Eurozone industrial inflation

In March 2022, industrial producer prices rose 36.8% year-on-year in the Eurozone, Eurostat reported

104.1% was a sharp jump in industrial producer prices in the energy sector due to anti-Russian sanctions. This was a major contributor to record industrial inflation. Producer prices for intermediate goods were up 22.6%, 8.7% for consumer durables

Record industrial inflation for Eurozone countries was:
🇮🇪Ireland - 106.1%
🇷🇴Romania - 67.6%
🇩🇰Denmark - 62%
🇧🇪Belgium - 50.4%
🇪🇸Spain - 46,6%
🇮🇹Italy - 46.5%
🇳🇱Netherlands - 37.2%
🇩🇪Germany - 30.7%
🇦🇹Austria - 27.9%
🇫🇷France - 26.5%

Head of the U.S. Oil and Gas Association: The country is in the worst energy crisis in 50 yearsU.S. Oil and Gas Associat...
16/05/2022

Head of the U.S. Oil and Gas Association: The country is in the worst energy crisis in 50 years

U.S. Oil and Gas Association head Tim Stewart said the energy crisis America (https://www.foxnews.com/media/u-s-oil-gas-association-president-country-facing-most-challenging-energy-crisis-50-years) is currently facing may be the worst in 50 years, and the Biden administration has "no strategy" to solve it
"We are in the greatest, probably the most difficult energy crisis in 50 years," Stewart stressed, "diesel and gasoline prices are at an all-time high and stocks are at an all-time low. And frankly, all of the actions that the Biden administration is taking are counterproductive"

16/05/2022

Sanctions: Opportunity in Disguise - RT Documentaries

Since the beginning of Russia’s special operation in Ukraine, the country has been subjected to thousands of sanctions from Europe and the US. With international banking transactions suspended and supply chains disrupted, Russian businesses had to regroup and look for new ways to keep functioning. Many succeeded in finding new ways to organise their operations; some even saw sanctions as a blessing in disguise since they helped become less dependent on foreign resources and technology.

Some companies had the experience of surviving a crisis. A footwear production company in Dagestan survived 2008 and 2014 and even expanded its operations. So did another company, a dairy in the city of Vladimir owned by a British farmer John Kapiski. In 2014, when many foreign dairy exports were banned, they managed to open a cheese-making facility and produce 40 types of cheese, butter and yoghurt.

16/05/2022

Putin on Finland & Sweden joining NATO: Russia has no issue with these countries, their entry does not create a threat - but it will cause a response

Dollar falls below 63 rubles on Moscow Exchange
16/05/2022

Dollar falls below 63 rubles on Moscow Exchange

Canadian authorities want to export grain from Ukraine in exchange for further "aid"Canada is ready to become the guardi...
16/05/2022

Canadian authorities want to export grain from Ukraine in exchange for further "aid"

Canada is ready to become the guardian of global food security in Europe. For this purpose, the official Ottawa offered to export grain from Ukraine at any time through the nearest accessible ports in the Black Sea. This became known during the discussion of the results of a meeting of foreign ministers of G7 countries in Germany

It was necessary to think about the global famine in Europe after 25 million tons of grain "stuck" in Ukraine because of problems with infrastructure and "blocked" ports of the Black Sea. At the same time, the UN called on Putin to make the ports open if "he [the Russian president] has a heart for the rest of the world

Biden did not appreciate Europe's desire to "get" grain from Ukraine by any means. The American president offered the EU resources from the United States. But this had no effect on the situation. It is worth mentioning that Ukraine, in exchange for food, is counting on

16/05/2022

Sweden has formally decided to apply for NATO membership. The request to join the alliance marks a historic shift for the Scandinavian state.

Israel To Test A.I. Floating Sun-Tracking SystemAccording to the statement, the solar pilot project will be carried out ...
16/05/2022

Israel To Test A.I. Floating Sun-Tracking System

According to the statement, the solar pilot project will be carried out in collaboration with the Israeli company Xfloat, which developed the system, and the Mekorot national water company.

While floating on reservoir water, this photovoltaic system is designed to move and track the sun. According to Xfloat, it is based on machine learning capabilities and continuous refining of rich data acquisition to optimize performance.

According to the Ministry and the IIA, the system has a high power generation capacity and can withstand environmental changes and extreme weather.

The project is part of a national program in which the IIA selected four Israeli startup companies to test innovative technologies at government sites with up to 50% state support.

Other technologies chosen include an automated bus terminal management platform, online sign language translation on trains, and AI drone navigation without GPS. (https://insiderpaper.com/us-accuses-russia-of-meddling-with-gps-satellite-signals-in-ukraine/)

14/05/2022

After Sri Lanka, there are also fierce protests in Iran about the rise in food prices. People worldwide are hungry and very angry with the political elite.

Russia Set to Reap Largest-Ever Wheat HarvestRussia is expecting a bumper crop year, including a record wheat harvest.“A...
14/05/2022

Russia Set to Reap Largest-Ever Wheat Harvest

Russia is expecting a bumper crop year, including a record wheat harvest.

“A good harvest is expected this year. According to experts grain harvest can reach 130 million tons, including 87 million tons of wheat, this can become a record in the entire history of Russia,” said Putin.

Russian President blamed the western elites for the imminent threat of famine for a number of countries and stressed that the large grain harvest will allow Russia to increase supplies to the global food market.

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