Many reasons why price cap on Russian oil exports cannot work

The United States and its allies are trying to impose new restrictions on the Russian economy, but like attempts so far, this one too looks fated to fail

Shirin Akhter and C Saratchand

Peoples Dispatch | September 16, 2022

(Photo: Wikipedia)

In their ongoing economic war on Russia, the United States and its allies propose a price cap on Russian oil exports. The oil price cap idea promoted by US Treasury Secretary Janet Yellen suggests that oil-consuming nations organize into a buyer’s cartel to limit Russia’s revenues from oil exports. This proposal follows previous measures against Russia, which have not dented its economy to the extent that it would be induced to change its posture (as the US and its allies desire) concerning the conflict in Ukraine.

Instead, the direct restrictions placed on Russian exports, principally of primary commodities such as oil and natural gas, have increased their world prices. They are so high that Russia’s export earnings have increased even if the volumes of some export have declined.

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Travelling with Fidel Castro

E P Menon

Frontier | Vol 55, No. 10, Sep 4 – 10, 2022

Way back in 1966 when I received an invitation to join the Indian Delegation to Cuba for participating in the first ever Tri-Continental Conference involving only those countries from Latin America, Africa and Asia, I was delighted and agreed immediately. It was a 14-member group under the leadership of Aruna Asaf Ali and endorsed by the Government of India.

More than 1500 delegates were accommodated in the majestic Hotel Havana Libre for two weeks and after the 10-day events we were all given a country-wide tour for two weeks which was indeed very educative and forward-looking for building better human solidarity and world peace. Two specific events can never be erased from my mind.

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FACE OF A POLITICS: U.S. Democracy.

A Journal of People report

Political developments in countries show character of politics in those countries. The following reports are from the United States.

Biden on MAGA supporters & democracy

U.S. President Joe Biden has again condemned the large chunk of the American population that supports his predecessor, Donald Trump, saying “MAGA forces” are an existential threat to democracy and must be defeated.

“MAGA forces are determined to take this country backwards, backwards to an America where there is no right to choose, no right to privacy, no right to contraception, no right to marry you love,” Biden said on Thursday in a primetime speech, referring to Trump’s “Make America Great Again” slogan.

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Why Germany Needs a Revolution, and What Type

Eric Zuesse

Germany’s news media — echoing America’s — have attributed the soaring fuel-prices to Russia’s invasion of Ukraine, which clearly is a lie, because the source is clearly Germany’s anti-Russian sanctions and termination of the Nord Stream 2 natural-gas pipeline and other supplies into Germany of the least-expensive fuels-sources, which had been Russian, which is why Russia was the biggest supplier of fuels to Germany. Because those fuels were so much cheaper than the ones that the U.S. occupying forces demand Germany to use instead (such as liquefied natural gas from America), and because Germany’s leaders are more committed to Germany’s American masters than to the German people whom they are supposed to represent, they ought to be thrown out and replaced now by an entirely new German Government that will serve the German people instead of serving the U.S. occupying regime, which demands and enforces these sanctions. The purpose of the sanctions is to greatly reduce European fuel purchases from the cheapest source, Russia. That forces up fuel costs in Europe, but Europe’s leaders comply anyway, which proves how obedient they are as stooges of the imperial regime across the Atlantic, in Washington.

America is run by — and its Government is effectively owned by — its billionaires, who buy politicians like hogs are bought at a pig-auction: the highest bidder wins. (It’s shown graphically here.) But at this auction, all of the highest bidders are billionaires, and the profit and nonprofit corporations that they control. Here is how the former U.S. President Jimmy Carter put it when asked about corruption in America:

It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy with unlimited political bribery being the essence of getting the nominations for president or being elected president. And the same thing applies to governors, and U.S. Senators and congress members. So, now we’ve just seen a subversion of our political system as a payoff to major contributors, who want and expect, and sometimes get, favors for themselves after the election is over. … At the present time the incumbents, Democrats and Republicans, look upon this unlimited money as a great benefit to themselves. Somebody that is already in Congress has a great deal more to sell.

What’s happening now to Germany is profitable to those people, but is threatening to destroy the whole world if Washington pushes it too far, and produces WW III.

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Turkey: Communist, Left parties formed the “Union of Socialist Forces”

In Defense of Communism | August 20, 2022

An electoral alliance under the name “Union of Socialist Forces” (Sosyalist Güç Birliği) was formed in Turkey in order to context in the upcoming general elections which are due to be held on 18 June 2023.

Under the slogan “We protect the future of our country together”, the electoral alliance was announced on August 20th during a press conference in Ankara. 

The participatory parties include the Communist Party of Turkey (TKP), the Left Party (SOL), the Communist Movement of Turkey (TKH) and the Revolution Movement (Devrim Hareketi). 

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The Shame of the Baltics: Latvia, Estonia dismantle Red Army memorials

IN DEFENSE OF COMMUNISM | August 24, 2022

Following the overthrow of Socialism in the beginning of the 1990s, the bourgeois governments in the former Soviet Republics of the Baltic region (namely Latvia, Estonia and Lithuania) engaged in long-term anti-communist, anti-soviet campaigns. The activity of Communist Parties was prohibited, communist symbols were banned and socialist-era monuments were destroyed.

In a recent episode of this anti-communist hysteria, Latvian authorities decided to proceed to the the dismantling of a 1985 memorial dedicated to the Red Army. As a pretext for this shameful act the Latvian government used the Russian invasion in Ukraine! The first question that comes to our mind is: What does the ongoing war in Ukraine have to do with the Soviet Red Army? What kind of relation does capitalist Russia have with the Soviet Union?

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Colombian Ambassador: Monómeros will return to control of Venezuela

The ambassador ratified the decision announced by his government in order to complete the process of registering the new directive

Odry Farnetano

Últimas Noticias | August 18, 2022

Armando Alberto Benedetti, designated ambassador of Colombia in Venezuela

During the development of the business forum Border Agreement held in Cúcuta this Thursday, the Colombian ambassador, Armando Benedetti, ratified his government’s decision to return monomers to the Venezuelan government led by Nicolás Maduro Moros and confirmed the collaboration of the head of the Superintendence of Companies, Billy Escobar, to close the registration episode of new directive.

“The Superintendence of Companies, in the company of our superintendent, Billy Escobar, have managed to lift the intervention of Monómeros,” said Benedetti.

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On the Transfiguration of Europe: From Nuland’s Dream to Nuland’s Nightmare

Batiushka for The Saker blog

The Saker | August 19, 2022

Introduction: Carpathian Rus

The geographical centre of Europe just happens to be in the post-1945 Ukraine, 15 km (10 miles) from Rakhovo (in the Ukrainian occupiers’ language, Rakhiv). This is in the far east of the Ukraine, in the province of ‘Zakarpattia’ or ‘Transcarpathia’, which is the imperialist name given by the Ukrainian centralisers to the area. In reality, it is Kiev that is across, ‘trans’, the Carpathians, not ‘Transcarpathia’.

Zakarpattia was before the Second World War the main part of Subcarpathian Rus, also called Carpathian Rus, Rusinia or, in medieval Latin, Ruthenia. Smaller parts of it are now in the corner of south-eastern Poland, where lived the Lemkos, and in far eastern Slovakia. The people there call themselves Rusins or Rusnaks and despite three generations of Ukrainian linguistic imperialism, many still speak Rusin, which, although related, is a separate language from standard Ukrainian or any of its dialects and is also far more ancient. The first Orthodox Christians in what is now the Ukraine lived here, and helped to convert Kiev.

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Iran-Russia-China Military Exercises in Venezuela a Slap in the Face for Washington

Orinoco Tribune | August 14, 2022

An underground combat drone base of the Iranian Army in an undisclosed location. Photo: Defapress.ir.

Iran, Russia and China, along with Venezuela, will conduct a joint military maneuver just 2,000 kilometers from US territory, in a challenge to Washington.

The military exercises with drones and sniper commands, led by Russia, will be held during August 13–27 in the city of Barquisimeto, Lara state, in northwestern Venezuela.

A total of 37 countries will participate in these military exercises, among which, in addition to the aforementioned, are Algeria, Belarus, Vietnam, India, Kazakhstan, Uzbekistan, and Myanmar.

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