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Putin delivers speech at Eastern Economic Forum

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Russian President Vladimir Putin outlined his vision of the economy of the future and announced new mortgage relief measures in his speech to the plenary session of the Eastern Economic Forum (EEF) in Vladivostok this week.

According to the TASS news agency, Putin stressed that the economy of the future would be “built around people”, emphasising the importance of social infrastructure as well as industrial development.

“This logic is not only unfair, it does not work in the modern economy,” Putin said, referring to the practice of building industrial facilities without social amenities.

The president announced a retroactive increase in mortgage subsidies for large families in Far Eastern regions with low birth rates, effective July 1. The payment will be raised to 1 million roubles ($10,900 at current exchange rates).

“I propose that we solve this problem. Let’s keep the interest rate on mortgages in the Far East and the Arctic at 2 per cent a year,” Putin said.

On the other hand, Putin described the Far East as “a very important factor in strengthening Russia’s position in the world” and the country’s “flagship” in the new global economic reality: “The Far Eastern regions provide direct access to these growing and promising markets and allow us to overcome the barriers that some Western elites are trying to impose on the world”.

“The main business links, trade routes and the entire vector of development are increasingly oriented towards the East and the global South,” the Russian leader said.

Putin also called for consideration to be given to the construction of a nuclear power plant in the Far East and stressed the need to fully double track and electrify the Baikal-Amur main line railway.

Putin also underlined Russia’s readiness to carry out large-scale transport projects, saying: “We can build quickly, comprehensively and with high quality”.

In addition, Putin stated that his country was not pursuing a policy of ‘de-dollarisation’ and that Russia was not the party that abandoned dollar-denominated payments, saying: “We are not pursuing a policy of de-dollarisation. After all, we did not reject dollar-denominated agreements, they rejected the agreements and we had to look for other possibilities,” Putin said.

Putin added that the currency reflects a country’s economic power, saying that the more partners a country has, the more its currency will be in demand.

“After the Second World War, the US took advantage of this situation and made the dollar the world currency. Now the situation is changing,” Putin said, noting that the countries of the global South now account for more than 50 per cent of world GDP.

The Russian leader stressed the importance of ensuring resource sovereignty for the country’s uninterrupted supply of affordable fuel and raw materials. He pointed to the potential of the Far East to produce titanium, lithium, niobium, rare earth metals and other resources “necessary for the economy of the future”.

Putin also called for the speeding up of legislation needed to launch international priority development zones in the Far East.

Putin also spoke about the joint Russian-Chinese project to develop Bolshoy Ussuriysky Island in the Khabarovsk region, which is due to start in 2025.

The president underlined Russia’s commitment to modern technologies by announcing plans to launch a civilian drone project in the Far East.

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What does Russia’s update of its nuclear doctrine mean?

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Russia has updated its nuclear deterrence policy, defining threats to the security of Belarus as a potential justification for the use of nuclear weapons. While experts argue that these changes are largely declaratory, they also suggest that the timing of this update may be linked to U.S. missile support for Ukraine.

Russian President Vladimir Putin approved the amendments to the doctrinal document entitled Fundamentals of the State Policy of the Russian Federation in the Field of Nuclear Deterrence. The announcement was made during a meeting on 25 September 2024, where Putin revealed the changes to Russia’s nuclear doctrine.

In June 2024, Deputy Foreign Minister Sergei Ryabkov hinted at the need for an update, citing lessons learned from military operations. The new text, in line with Putin’s directives, introduces significant changes to the conditions under which nuclear weapons can be used:

Nuclear retaliation is now justified in cases where critical threats arise to the security of not only Russia but also Belarus.

The updated doctrine expands the scope of threats to include cruise missiles, unmanned aerial vehicles (UAVs), hypersonic weapons, and other aerospace attack systems. Previously, the scope was limited to ballistic missile attacks.

The doctrine highlights the importance of continuous updates to adapt to evolving security conditions.

When asked whether the publication of this doctrine was connected to the U.S. decision to send ATACMS missiles to Ukraine, Kremlin spokesperson Dmitry Peskov dismissed the idea of coincidence, stating that the document was published “on time.”

Peskov emphasized a critical new provision: If a non-nuclear state attacks Russia with the backing of a nuclear-armed state, it will be treated as a joint nuclear attack. This underscores Russia’s heightened sensitivity to Western support for Ukraine, especially in light of escalating tensions with NATO.

Several experts have weighed in on the implications of the updated nuclear doctrine:

Alexander Yermakov, a specialist at the Russian International Affairs Council (RIAC), noted that the changes largely clarify existing provisions. For instance, the scope of retaliation has expanded to include drones and cruise missiles, whereas previous documents only referred to ballistic missile attacks.

According to Yermakov, the timing of the doctrine could be a strategic response to recent U.S. military aid to Ukraine: “These changes were announced earlier. However, in light of recent developments, they were published to remind of the risks of possible escalation.”

Dmitry Stefanovic, an expert from the Centre for International Security at the Institute of World Economy and International Relations, highlighted that the new doctrine reflects global nuclear trends.

Stefanovic noted that some countries have increased their arsenals, new nuclear-weapon states have emerged, and the importance of the nuclear factor has increased in recent years.

The expert added that the doctrine contains elements that strengthen nuclear cooperation with Belarus.

“The updated document further clarifies the issue of the ‘nuclear threshold’ – the necessary conditions for the use of nuclear weapons. This is no cause for relief, either for Russia or its rivals. If the risk of direct confrontation with the US and NATO remains, a scenario of rapid nuclear escalation is always possible,” Stefanovic said.

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U.S. rehearses nuclear strike on Russian border

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NATO’s Joint Air Forces Command has announced that the United States’ B-52H Stratofortress strategic bombers recently conducted a training bombing mission at the Cudgel range near Kaliningrad Oblast.

The exercise was coordinated with Italian and German fighter jets, demonstrating NATO’s operational cooperation. It involved dropping laser-guided bombs from an altitude of six kilometers as part of the Vanguard Merlin exercise, a tactical program organized by U.S. rotational units in Europe.

The deployment of B-52 bombers to Europe is described by NATO as a routine measure aimed at “protecting allies and deterring potential threats.”

In early November, the U.S. Air Force stationed four B-52 aircraft at Mildenhall Air Base in the UK. Since their arrival, the bombers have flown over Finland, Sweden, the North Sea, and Lithuania, expanding NATO’s aerial presence in the region.

On 15 November, The Wall Street Journal (WSJ) reported, citing sources within President Joe Biden’s administration, that the United States plans to increase its deployed nuclear warheads in response to growing threats from Russia, China, and North Korea.

The report revealed that the White House had previously drafted a classified directive to prepare for potential simultaneous conflicts with Moscow, Beijing, and Pyongyang. While the strategy emphasizes the development of non-nuclear deterrence, it also considers enhancing nuclear capabilities.

These proposals are currently under evaluation by the Pentagon, with final decisions expected from the incoming administration of President-elect Donald Trump.

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Russia will not give Israel guarantees on Hezbollah

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In an interview with RIA Novosti, Alexander Lavrentiev, the Russian President’s special envoy to Syria, stated that Moscow could not provide Israel with guarantees to prevent “arms smuggling” from Syria to Lebanon.

Earlier reports from the Israeli press indicated that Israel would like to see Russia as a mediator in the Middle East peace settlement. Lavrentiev confirmed that Israel had requested guarantees from Russia to prevent Shiite groups from moving military equipment through Syria to Lebanon. However, he clarified that this demand could not be met.

“This would require the establishment of new checkpoints along the border, a task that does not fall within the competence of the Russian military in Syria,” Lavrentiev explained.

When asked about Israel’s expectation of a security guarantee, Lavrentiev responded, “First of all, we cannot give such a guarantee.”

Reports have previously indicated that Israel has been in contact with Moscow regarding the regional settlement process. It was even suggested that Strategic Planning Minister Ron Dermer, one of Prime Minister Benjamin Netanyahu’s closest advisors, was planning a confidential visit to Moscow.

Meanwhile, Itamar Eichner, a columnist for Yedioth Ahronoth, noted in his column yesterday that Israel understands Russia’s influence over Hezbollah, Syria, and Iran. “This is why Tel Aviv seeks guarantees from Moscow to prevent arms smuggling and to stop the Lebanese terrorist organization from recovering from the war,” Eichner wrote.

Commenting on Israel’s desire to secure the Syrian-Lebanese border, Lavrentiev highlighted a recent attack near Khmeimim Air Base in Syria. Although this incident took place about a month ago and did not directly impact Russian troops, Lavrentiev felt compelled to address it.

“Israel carried out an airstrike near Khmeimim. They did not target the air base directly, as they know this would have serious consequences for Israel. Reports suggest that the strike targeted warehouses and buildings in the vicinity,” Lavrentiev stated.

He also mentioned that the Russian Defense Ministry had “sent a representative to Israel” for further discussions.

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