Tag: crisis

Russia Calls Up 300,000 Reservists, Says 6,000 Soldiers Killed in Ukraine

LONDON—Russia will draft 300,000 reservists to support its military campaign in Ukraine, Defence Minister Sergei Shoigu said on Wednesday in televised remarks. In Moscow’s first update on casualty numbers in almost six months, Shoigu said 5,937 Russian soldiers had been killed since the start of the conflict. President Vladimir Putin had ordered Russia’s first mobilisation…


Biden’s Failures Undermine US Deterrence of China: Gordon Chang

The American deterrence of the Chinese regime has been breaking down following President Joe Biden’s humiliating withdrawal from Afghanistan and calamitous failure to stop Vladimir Putin from invading Ukraine, according to Gordon Chang, China analyst and author. These two failures confirm in Chinese minds that the Biden administration is incompetent, according to Chang “Beijing’s perception makes…


Russia, West Step Up Energy War as Risk of Nuclear Disaster Haunts Ukraine

ZAPORIZHZHIA, Ukraine—As UN inspectors sought to avert a nuclear disaster on Ukraine’s frontline, the West and Russia wounded each other’s economies, with Moscow keeping its main gas pipeline to Germany shut on Saturday while threatened with price caps on oil exports. Russia’s state-controlled energy giant Gazprom blamed a technical fault in the Nord Stream 1…


Russian Banks Lost $25 Billion in First Half, Central Bank Tells RBC

Russia’s banks lost a combined 1.5 trillion rubles ($24.95 billion) in the first six months of 2022, a top official at Russia’s central bank said on Friday in an interview with the RBC business daily. It is the first time the regulator has disclosed banking sector earnings since Russia sent troops into Ukraine in February….


Gazprom Head Says ‘Sanctions Confusion’ Means Siemens Cannot Service Nord Stream 1: Interfax

MOSCOW—Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported. Periodic replacement of some equipment, such as turbines, is needed to ensure the smooth transport of gas. Its state of repair…


UN Mission Says Ukraine Nuclear Plant Inspection to Last ‘A Few Days’

ZAPORIZHZHIA, Ukraine—U.N. nuclear inspectors set off for Ukraine’s Zaporizhzhia nuclear plant on Wednesday, saying their mission was to prevent a nuclear accident and try to stabilise the situation after weeks of shelling nearby. A Reuters reporter following the International Atomic Energy Agency (IAEA) team in a convoy from the capital Kyiv said the inspectors arrived…


Kremlin: Only Sanctions Prevent Nord Stream Gas Pipeline From Working

MOSCOW—Nothing stands on the way of Russian gas exports to Europe via the Nord Stream 1 pipeline apart from technological problems caused by Western sanctions, Kremlin spokesman Dmitry Peskov said on Tuesday, a day before another planned maintenance shutdown. Russian energy giant Gazprom has announced it will shut the pipeline for three days from Wednesday…


Energy Crisis Will Hit Pubs Harder Than Lockdowns, Say Industry Bosses

Pubs will have no other option but to close owing to “out of control” energy bills, with upwards of 300 percent price hikes possible, UK brewery and pub bosses have warned. Leaders of six of the country’s largest breweries and pub businesses involved in the British Beer and Pub Association (BBPA) are pressuring the government…


Ukraine Claims It Has Begun Counter-Offensive to Retake Russian-Held South

ZAPORIZHZHIA, Ukraine/KYIV—Ukraine announced on Monday the start of a long-awaited counter-offensive to retake territory in the south seized by Russian forces since their invasion six months ago, a move reflecting Kyiv’s growing confidence as Western military aid flows in. The news came as a team from the U.N. nuclear watchdog headed to Ukraine to inspect…


PREMIERING at 10:30AM ET: How to Save Society From Mass Formation: Mattias Desmet

The world is teetering on the edge of disaster, as mass formation and the rise of totalitarianism have gone global. Yet this crisis may be avoidable, according to Mattias Desmet, a leading expert on mass formation and the author of “The Psychology of Totalitarianism.” He is a professor of clinical psychology at Ghent University in…