By Dragana Trifkovic, Director and Milos Zdravkovic, expert for energy policy of the Center for Geostrategic Studies, Belgrade, Serbia United World International continues the publishing of presentations made in the webinar “Europe’s Energy Crisis and the Prospects of Russian-Turkish Cooperation”. Today we present the text of the Center for Geostrategic Studies in Serbia. Title and subtitles were set by UWI. ...
As is customary this time of year in December, the first real cold of the season has arrived in Italy. This is not news, because it is, in fact, a custom. What is different this year are the economic and social conditions: We are living in a country that has not yet recovered from the consequences of Covid and that ...
Most serious observers agree that the sanctions regarding Russian oil decided upon recently by the EU, will not only not hurt Russia’s revenues, but will probably boost them by raising the price of oil. These sanctions will at the same time damage a European Union that is badly needing to import energy and which seems well heading into a process ...
US President Joseph Biden visited the Caribbean island of Puerto Rico on October 4 to examine the damage caused by hurricane Fiona. He promised all help to the island, which is a so-called “unincorporated organized territory of the US with local self-government”. Two weeks after the hurricane passed, the main energy provider LUMA energy reported that 120.000 homes were still ...
The conflict in Ukraine continues to affect Europe. Sanctions applied against Russia are continuously increasing inflation. European lives were seriously and negatively affected by the fact that gas supplies from Nord Stream 1 were down to 20% of capacity. European governments meanwhile continue to deliver material aid to Ukraine, beginning with arms, as they did since the eruption of the ...
By Michael Roberts * The G7 governments have a problem. The war in Ukraine against Russia is not won. It looks set to be a long grinding conflict, possibly with no end. And yet the world and particularly Europe depends on Russian energy supplies. The G7 has agreed to stop buying Russian oil, as part of its programme of using economics sanctions ...
Despite being against international law and fundamental human rights, unilateral sanctions by the USA and Europe have now become common practice today. And the sanctions against Russia are not the first of their kind. Our region has experienced embargoes against Iran and even Iraq before. These sanctions harm everyone Those sanctions clearly did not only target the governments of Iran ...
Germany’s positioning in the Ukraine conflict has started to shake the basis of the country’s energy supply and economy. The government reacts with intervening into the market economy, including considering expropriations in a new law. “The security of supply in Germany is currently safeguarded” This is – every day until now – the first sentence in the German Federal Network ...
Monopoly capitalism in crisis As the Western capitalist system continues to expose its own ineptitude at leading an effective struggle against the Coronavirus pandemic, the worst economic crisis since the Great Depression is sinking its teeth deeper into the global economy. Severe disruptions in global supply chains are the main culprits for the economic woes of most industries, which can ...