The Central Bank of Russia (CBR) has launched a new SWIFT-style payment service aimed at moving away from Western financial dominance. The system is already operating, and will be fully functional within six months. “The new service was launched in order to ensure smooth and safe transmission of financial messaging within the country, and is … Continue reading
By Dmitry Kalinichenko Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence. Any accusations against this man only emphasize his ability for quick analytical thinking … Continue reading
Moscow is being forced to come up with countermeasures in response to NATO’s increased presence in the Black Sea, Russia’s envoy to the alliance said following an announcement on the arrival of another US warship in the area. “Unfortunately, the Black Sea is becoming a place where non-regional powers have a permanent presence. What they … Continue reading
Russia has adopted an updated version of its military doctrine, which reflects the emergence of new threats against its national security. NATO military buildup and American Prompt Global Strike concept are listed among them. The new doctrine was approved on Friday by President Vladimir Putin. Its core remains unchanged from the previous version. The Russian … Continue reading
By Pepe Escobar The Roman Empire did it. The British Empire copied it in style. The “Empire of Chaos” has always done it. They all do it. Divide et impera. Divide and rule – or divide and conquer. It’s nasty, brutish and effective. Not forever though, like diamonds, because empires do crumble. A room with a … Continue reading
By Caleb Maupin The US Congress has announced new economic sanctions against the Bolivarian Republic of Venezuela. The new law contains a list of Venezuelan officials said to be “violating human rights.” These Venezuelan officials will have their assets frozen and be banned from receiving visas to visit the United States. Trade with Venezuela will be … Continue reading
The number one crude oil exporter, Saudi Arabia, has projected a $39 billion deficit in 2015. The impact of lower oil prices, along with the decision not to cut production, is putting pressure on the country’s finances. The figure was part of the endorsed 2015 budget, which was made public in a statement read out … Continue reading
By Mohsin Khan Prime Minister Nawaz Sharif inherited an economy in poor shape when his government came into power in 2013. The Pakistan Muslim League Nawaz (PML-N) government launched an economic plan in September 2013, with the financial and technical support of the IMF, to reverse the deteriorating macroeconomic picture.The three main pillars of the … Continue reading
By Peter Lvov Those who genuinely believe that the U.S. and the West have unleashed a full scale economic war against Russia, because of its position on Ukraine, have no idea how much mistaken they are. In fact, it was planned much earlier, precisely a year ago, when a closed meeting between senior authorities of the … Continue reading
By Anis Bajrektarevic, Petra Posega GeopoliticalMonitor Today, nuclear energy is 4th place in the total primary energy supply mixture, following the still-dominating coal, oil, and natural gas holding a staggering 80% of the world primary energy supply. To make these statistics more instructive, we can add that the primary energy supply in 2013 reached 13,217 … Continue reading