As it turns out, American megabanks like JPMorgan and Goldman Sachs aren’t the only ones buying up distressed Russian assets. Chinese banks are also getting in on the fun.
China is considering buying or increasing stakes in Russian energy and commodities companies, such as gas giant Gazprom and aluminum giant Rusal International, according to people familiar with the matter, Bloomberg reports.
Beijing is in talks with its state-owned firms, including China National Petroleum, China Petrochemical, Aluminum Corp. of China and China Minmetals Corp., about potential opportunities for potential investments in Russian companies or assets, the people said. Any deal would be to bolster China’s imports as it intensifies its focus on energy and food security, not as a show of support for Russia’s invasion in Ukraine, the people said.
U.S. President Joe Biden’s ban on American imports of Russian oil and other energy products, announced on Tuesday, does not include a ban on imports of uranium for nuclear power plants, a source familiar with the matter said.
The U.S. power industry relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear power plants. The industry has been lobbying the White House to continue to allow uranium imports from Russia despite Moscow’s invasion of neighboring Ukraine.
There is no U.S. uranium production or processing, though several companies have said they would like to resume domestic production in Texas or Wyoming if nuclear power producers sign long-term supply contracts.
The Russian government has decided to put things in order in Ukraine, and to put an end to a state threatening to expand its offensive nuclear capabilities. This is the opinion of Nikolai Azarov, who was Prime Minister of Ukraine three times.
In a message on Facebook, Azarov underscored that NATO had been planning a nuclear attack on Russia.
“NATO wanted to unleash a third world war by using nuclear weapons against Russia,” Azarov said. “Since December 2021, Russia has been receiving information about NATO plans to station four army brigades in Ukraine.” One of those brigades would have had nuclear warheads.
World War III
According to Azarov, NATO wanted to deploy troops in the summer. “In order to avert World War III and the nuclear attack on Russia, the Russian government decided to put things right in Ukraine,” said Azarov, who served as prime minister in 2004, 2005 and again in 2010.
He stated that the Ukrainian army had also planned to launch a military operation in Donbass and wipe out the Russian-speaking population. The attack was co-ordinated with the United States and was set to launch on February 25.
One of Ukraine’s main media sources, Hromadske, had described Donbass as a region that has a “huge number of absolutely useless people”. Of the 4 million souls in Donetsk at the time, 1,5 million were “superfluous,” and “simply must be killed”. Donbass should be viewed as just a “source of resources” a source close to the Zelensky administration said.
Hundreds of thousands of lives saved by Putin
Russian President Vladimir Putin has saved hundreds of thousands of lives in Donetsk and Luhansk, the former prime minister said. Azarov pointed out that troops from the Donetsk People’s Republic managed to get their hands on a map showing that a large-scale attack on Donbass was going to be launched.
Azarov left Ukraine after his car was shot at on February 21, 2014. His wife was in the car at the time. She survived the attack, but was severely traumatized.
It appears that the current US president knows quite well what is being done by NATO to incite a war with Russia. On C-Span, Biden had explained in 1997: “The only thing that can provoke Russia into a hostile and vigorous response is the expansion of NATO to the Baltic states.”
Ukraine’s border with Russia happens to be twice as long as the borders of the two little statelets combined.
Submitted by Paul Joseph Watson, of Summit News
The world is heading for a “catastrophic” global food crisis as a result of the war in Ukraine, which will cause “hell on earth” for food prices, according to experts.
“Half the world’s population gets food as a result of fertilisers… and if that’s removed from the field for some crops, [the yield] will drop by 50%,” Svein Tore Holsether, head of agri company Yara International, told the BBC.
Known as “the breadbasket of Europe,” Russia and Ukraine export around a quarter of the world’s wheat and half of its sunflower products, such as seeds and oil.
“For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be,” said Holsether, noting that increasing gas prices were causing a steep rise in the cost of fertiliser.
David Beasley, the head of the World Food Programme, was if anything even more pessimistic with his comments.
“Just when you think hell on earth can’t get any worse, it does,” he said.
Noting that countries like Lebanon, Yemen, Syria, Tunisia are dependent on Ukraine for around 50 per cent of their grains, Beasley noted the stunning turnaround.
“So you’re going from being a breadbasket to now, literally, having to hand out bread to them. It’s just an incredible reverse of reality,” he said.
With the number of people facing starvation worldwide having already spiked from 80 million to 276 million before Russia’s invasion, thanks largely to COVID lockdowns, that figure is set to increase yet again.
Meanwhile, Russia has also threatened to close its main gas pipeline to Germany if the west bans Russian oil, a move that would cause oil prices to more than double to $300 a barrel.
Presumably, the ultra wealthy elite who are currently panic buying survival bunkers have already made preparations to cram them with storable food that will last for many years.
For those already on the poverty line or worse, it’s a very different situation.