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Yuan or Dollar

by Cat Mon Jun 19th, 2023 at 12:40:19 PM EST

The US Department of State has reported remarks maded by Secretary Antony J. Blinken And People's Republic of China President Xi Jinping Before Their Meeting, which was not a garden stroll, but a ceremony concluding China's colloquium for US bureaucrats. Then, Xi Jinping spoke at length. Blinken also made a speech that purportedly conveyed President Biden's interest in keeping OPEN LINES OF COMMUNICATION to the government of China—while the US and its allies groom DOD's "posture" in the Taiwan Strait. After words, before jetting to a Ukraine Recovery Conference in London—presumably to recalculate Putin's debt burden arising from NATO's investment in training the Armed Forces of Ukraine over the past decade to defend Europe's sovereign borders—Blinken broadcast a live "press availability " preformance at 18:00 (CN), 06:00 (US).

A transcript of his message to "Asia-haters" in the US Congress and industry constituents is as yet to be published. Nonetheless, one may expect G7 cryptographers to roll out reams of "geopolitical" analysis with sun rises over time zones in the west.

Foreign Ministry Spokesperson Mao Ning's Regular Press Conference on June 19, 2023

AFP: Will US Secretary of State Antony Blinken meet with Chinese President Xi Jinping today?
Mao Ning: About Secretary Blinken's meetings and talks while he's in China, we will release information in due course.
AFP: What do you think of Secretary Blinken's visit to China so far? Has it been constructive or somewhat disappointing?
Mao Ning: Since Secretary Blinken arrived in China, he has held talks with State Councilor and Foreign Minister Qin Gang and met with Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs Wang Yi. We have released detailed readouts on both events. You may refer to them.
Wang Yi Meets with U.S. Secretary of State Antony Blinken 2023-06-19 16:39
Wang demanded that the United States stop playing up the so-called "China threat", lift illegal unilateral sanctions against China, stop suppressing China's scientific and technological advances, and not wantonly interfere in China's internal affairs. Wang specially analyzed the nature of the Taiwan question. He stressed that safeguarding national unity has always been the core of China's core interests. It is where the future of the Chinese nation lies and the abiding historical mission of the CPC. On the Taiwan question,China has no room for compromise or concession. The United States must earnestly abide by the one-China principle set out in the three China-U.S. joint communiqués, respect China's sovereignty and territorial integrity, and unequivocally oppose "Taiwan independence".

Blinken laid out the U.S. views. He noted that the U.S. side is committed to going back to the agenda set by the two presidents during their summit in Bali and looks forward to enhancing communication with China, managing differences responsibly and cooperating in areas of common interests.


Chaperones: President Xi Jinping Meets with U.S. Secretary of State Antony Blinken, 2023-06-19 18:40

[...]
President Xi stressed that major-country competition does not represent the trend of the times, still less can it solve America's own problems or the challenges facing the world. China respects U.S. interests and does not seek to challenge or displace the United States. In the same vein, the United States needs to respect China and must not hurt China's legitimate rights and interests. Neither side should try to shape the other side by its own will, still less deprive the other side of its legitimate right to development. China always hopes to see a sound and steady China-U.S. relationship and believes that the two major countries can overcome various difficulties and find the right way to get along based on mutual respect, peaceful coexistence and win-win cooperation. He called on the U.S. side to adopt a rational and pragmatic attitude, and work with China in the same direction.
[...]
Secretary Blinken conveyed President Biden's greetings to President Xi. He said President Biden believes that the United States and China have an obligation to responsibly manage their relations. This is in the interest of the United States, China and the world. The United States is committed to returning to the agenda set by the two presidents in Bali. The United States stands by the commitments made by President Biden, namely the United States does not seek a new Cold War, it does not seek to change China's system, its alliances are not directed at China, it does not support "Taiwan independence", and it does not seek conflict with China. The U.S. side looks forward to having high-level engagement with the Chinese side, keeping OPEN LINES OF COMMUNICATION, responsibly managing differences, and pursuing dialogue, exchanges and cooperation.

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tabloid USAToday American values "splash screen", 19 June 2023 09:15 ET

Nothing to see over there, as predicted. Status quo prevails over here.

by Cat on Mon Jun 19th, 2023 at 01:32:09 PM EST
official: Yuan and Dollar gauge (none / 1)
state.gov | Secretary Blinken's Meeting with People's Republic of China State Councilor and Foreign Minister Qin Gang, 18 June readout
... The Secretary made clear that the United States will always stand up for the interests and values of the American people and work with its allies and partners to advance our vision for a world that is free, open, and upholds the international rules-based order. ...
state.gov | Secretary Blinken's Meeting with Director of the CCP Central Foreign Affairs Office Wang Yi, 19 June readout
... The Secretary reiterated that the United States will continue to use diplomacy to raise areas of concern and stand up for the interests and values of the American people. ...
state.gov | Secretary Blinken's Visit to the People's Republic of China (PRC), 19 readout
[...]
The two sides had candid, substantive, and constructive discussions on key priorities in the bilateral relationship and on a range of global and regional issues.
[...]
The two sides agreed to continue discussions on developing principles to guide the bilateral relationship, as discussed by President Biden and President Xi in Bali.
[...]
Secretary Blinken emphasized that it remains a priority for the United States to resolve the cases of American citizens who are wrongfully detained or subject to exit bans in China.
[...]
The Secretary underscored the importance of maintaining peace and stability across the Taiwan Strait and reiterated there has been no change to the U.S. one China policy, based on the [US]Taiwan Relations Act [?!], the three Joint Communiques, and the Six Assurances.

The two sides discussed a range of global and regional security issues, including Russia's WAR OF AGGRESSION AGAINST UKRAINE, the DPRK's provocative actions, and U.S. concerns with PRC intelligence activities in Cuba.

archived "spy balloon" island
[...]
state.gov | Secretary of State Antony J. Blinken's Press Availability, 19 June monologue
SECRETARY BLINKEN:  Good evening.  Slow news day, huh?
[...]
We remain committed to meeting our responsibilities under the [US] Taiwan Relations Act, including making sure that Taiwan has the ability to defend itself.
[...]
archived House panel leaders want [Commerce Sec. Gina] Raimondo to fight China's Micron chip ban
15 June Micron Says It Is Committed to China, Invests $602 Million in Plant
There is a profound difference, for the United States and for many other countries, between de-risking and de[-]coupling. ... We are for de-risking and diversifying. That means investing in our own capacities and in secure, resilient supply chains; pushing for level playing fields for our workers and our companies; defending against harmful trade practice; and protecting our critical technologies so that they aren't used against us. I made clear that we'll continue to take targeted actions that are necessary to protect U.S. national security.
[...]
In my meetings, I also discussed human rights.  The United States and the international community remain deeply concerned about PRC human rights violations, including in Xinjiang, in Tibet, and Hong Kong.
[...]
On food security, we believe China can play a key role in alleviating global food insecurity.  I underscore the importance of supporting a long-term expansion of the Black Sea Grain Initiative
[...]
I raised as a priority the issue of synthetic opioids and fentanyl, a crisis in the United States.
[...]
Finally, we discussed the importance of strengthening people-to-people exchanges between students, scholars, business travelers. ....We have no illusions about the challenges of managing this relationship. ...the United States has a long history of successfully managing complicated, consequential relationships through diplomacy.
[...]
< wipes tears >
MR MILLER, state.gov "mouthpiece":  We'll take a few questions. The first question goes to Iain Marlow with Bloomberg.
[...]
fail
by Cat on Mon Jun 19th, 2023 at 04:06:26 PM EST
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archived (none / 1)
informal 1979 Taiwan Relations Act arms sales and other technical assistance and training in Empire Building South-East Asia
by Cat on Mon Jun 19th, 2023 at 04:14:57 PM EST
[ Parent ]
A Rare Visit ... (none / 0)
Warming frosty relations ... exploring common ground to co-exist according to UN Charter of sovereign nations with peaceful intent. A real change for US foreign policy where basic colonialism and conversion leads to confrontation and wars. Choice of cultural exchange and trade to break down walls of protectionism. Post globalization which exploited minerals and mining in third world countries of Africa and Latin America. End the Bush-Obama years of regime change, interventions and assassinations by drones.

US, China to expand talks to mend frosty ties | Dawn. Wes - today |

... to expand dialogue to try to bring relations back from historic lows, as Secretary of State Antony Blinken held what officials called candid talks on soaring tensions during a rare trip to Beijing.

[American diplomacy fitting a bully on a global scale] The highest-ranking US visitor to Beijing in nearly five years ...

Blinken will hold a second day of meetings on Monday and address reporters before leaving. He and Qin made no comments on their first day as they shook hands at the state guesthouse before their respective flags in front of a painting of craggy mountains and wispy clouds.

Behind closed doors, Qin told Blinken that relations between the United States and China "are at the lowest point since the establishment of diplomatic relations," according to state-run broadcaster CCTV.

"This does not conform to the fundamental interests of the two peoples, nor does it meet the common expectations of the international community," Qin said during the talks at the ancient Diaoyutai gardens.

But he issued a warning on Taiwan, the self-ruling democracy claimed by Beijing, which has launched live-fire military drills twice near the island since August in anger over actions by top US lawmakers.

"The Taiwan issue is the core of China's core interests, the most important issue in China-US relations and the most prominent risk," Qin said.

Earlier posts on Blinken visit to Beijing ...

U.S. Diplomacy Is to Confront Big Competitor China

Mission to Thwart Peace ☮️

by Oui on Mon Jun 19th, 2023 at 01:46:34 PM EST
Re: Yuan and Dollar (none / 1)

Politico victory "below the fold": Blinken meets with Xi amid mounting U.S.-China tensions, 19 June 09:30 ET
Blinken thanked Xi for hosting him, and spoke of the "obligation and responsibility" the two countries have to manage tensions between them. That relationship is "one of the most consequential in the world," he said during a news conference  ["press availability"] before wrapping up the trip. "Here in Beijing, I had important conversations with President Xi, and I had added substantive and constructive discussions with my counterparts," Blinken said.
archived expectation management 101: low value propositions 1-3
The roughly 35-minute meeting ["]with Xi["] in the Great Hall of the People was seen as a critical sign to the trip's success, though it wasn't confirmed ahead of time. After Xi met with Microsoft founder Bill Gates [!] earlier this month [17 June], a failure to organize a Xi-Blinken meeting might have constituted a deliberate snub by Chinese authorities.
"You're the first American friend I have met in Beijing this year," Xi told Gates. "I often say that the foundation of China-US relations lies in the people. We have always placed our hope on the American people and wish all the best for the friendship between the two peoples," Xi said.
[...]
"If Xi had refused to meet with Blinken, it would have signaled that the Chinese leader was abandoning the diplomatic exchange process ["OPEN LINES OF COMMUNICATION"] he agreed to with Biden last fall," said Jacob Stokes, a senior fellow for Indo-Pacific issues at the Center for a New American Security. "So, the fact that it happened probably means more than the outcomes."
[...]
State Department officials did not expect the countries to reach a breakthrough on any of the issues in which they're most divided. The administration described Blinken's trip as part of a longer-term effort to cool the bilateral rancor that has effectively frozen high-level diplomatic dialogue for almost five months.
[...]
"Progress is hard. It takes time and it's not the product of one visit, one trip, one conversation," Blinken told reporters.
by Cat on Mon Jun 19th, 2023 at 02:14:43 PM EST
Re: Yuan and Dollar (none / 0)
... bilateral rancor that has effectively frozen high-level diplomatic dialogue for almost five months.

From Trump's MAGA worsening under Joe Biden's SUPER MAGA ... first U.S. top level visit to Beijing in five years ⁉️ 🌏

Soon Joe too will be described as the former president.

At least under Trump he had a team of trade negotiators ... old friendship from Joe is pretty stale.

Xi was very courteous did meet for over 30:min. with an official below his diplomatic class. As far as I understand, nothing substantial, not even a communication line between top military brass in case of an inadvertent clash.

Mission to Thwart Peace ☮️

by Oui on Mon Jun 19th, 2023 at 05:08:54 PM EST
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Re: Yuan and Dollar (none / 0)


Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 05:10:01 PM EST
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Re: Yuan and Dollar (none / 0)


Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 05:10:32 PM EST
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Re: Yuan and Dollar (none / 0)
Xi, Blinken agree to stabilize US-China relations in Beijing talks | Reuters |

China and the United States agreed on Monday to stabilize their intense rivalry so it doesn't veer into conflict but failed to produce any major breakthrough during a rare visit to Beijing by U.S. Secretary of State Antony Blinken.

Chinese President Xi Jinping welcomed "progress" after shaking hands with Blinken at the Great Hall of the People, a grand venue usually reserved for greeting heads of state.

The top U.S. diplomat and Xi both stressed the importance of having a more stable relationship, as any conflict between the world's two largest economies would create global disruption.

However, China refused to entertain Washington's bid to resume military-to-military communication channels and cited U.S. sanctions as the obstacle. The two sides appeared entrenched in their positions over everything from Taiwan to trade, including U.S. actions toward China's chip industry, human rights and Russia's war against Ukraine.



Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 05:11:12 PM EST
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Re: Yuan and Dollar (none / 1)

Hill UWC decoder ring: Blinken calls for Xi to 'police' Chinese companies aiding Russia's military, 19 June 09:55 ET
The U.S. is calling on China to crack down on private companies that are supporting Russia's war in Ukraine, Secretary of State Antony Blinken said Monday following ["]a face-to-face["' meeting with Chinese President Xi Jinping.
[...]
The Biden administration and its allies [PRICE CAP COALITION] have seen their sanctions against Russia undermined by countries and companies that have allowed certain exports to the country that can be repurposed for military means, so-called dual-use technologies.

"What we are concerned about is private companies in China that may be providing assistance, in some cases dual use and some cases clearly directed at enhancing Russia's military capacity in Ukraine. That is a concern and it's something that I pointed out to our Chinese counterparts and urged that they be vigilant in policing that," Blinken said. But the secretary said that the U.S. has not seen anything to suggest that the Chinese government has violated its assurances to not provide lethal assistance to Russia for use in UKRAINE.  
[...]
Blinken's remarks came at the end of a two-day summit in Beijing where he met with Xi and China's most senior foreign policy officials. The secretary is next headed to London for the "Ukraine Recovery Conference" that will look to galvanize public and private sector support to help Ukraine's reconstruction efforts.

by Cat on Mon Jun 19th, 2023 at 02:34:49 PM EST
Re: Yuan and Dollar (none / 1)
reuters | Ukraine targets initial $40 billion for 'Green Marshall Plan', 19 June RISK ON
[Ukraine Recovery Conference] is expected to launch a "war risk" insurance scheme to cover companies that begin investing in Ukraine again and see government officials discuss behind the scenes if and how to use frozen Russian assets to fund some of the rebuild effort.
[...]
"If you [sic] have to rebuild, it is logical to rebuild green in line with new technologies ... Our vision is to build a 50 million tonnes green steel industry in Ukraine," [Rostyslav Shurma, a deputy head of President Volodymyr Zelensk*'s office] said. Doing so would allow the country to become the world's [only and] cheapest supplier of so-called green steel—made without the use of fossil fuels—and a major support to Europe's efforts to de-carbonise, driven by an investment push in new wind, solar, nuclear, and hydro power.
[...]
Many of the country's damaged legacy steel plants were built in locations that suited their reliance on coal as a power source, but they were now free to build closer to the iron ore deposits and away from the Donbas region, Shurma said.
[...]
Officials from over 60 countries are expected to attend the conference, as will the top global multilateral institutions such as the World Bank [WB], European Investment Bank [EIB], and European Bank for Reconstruction and Development [EBRD] bank that are being asked to ramp up their lending. Shurma said funding would be a blend of finance from export credit agencies in other countries; concessional funding handled through the Ukrainian Development Fund it is setting up with asset manager BlackRock (BLK.N); equity of the operating companies; EU transition funding; and private sector loans.
[...]
reuters | EU offers Ukraine 50 billion euros through 2027, 20 June
ahead of a gathering in London to secure short-term [12 mo. maturity] financing and money to rebuild the nation from Russia's war....Of Tuesday's aid pledge, 17 billion euros would come in free grants and the rest in the form of low-interest loans, said Johannes Hahn, commissioner for budget and administration.
[...]
bloomberg | EU Readies €50 Billion Ukraine Package Ahead of Donor Summit (20.06.23)
The 50 billion-euro figure comes after a review of the EU's 2021-27 shared budget, which has been depleted by the COVID-19 pandemic, the war in Ukraine, and an ["]energy["] crisis. High inflation and interest rates have also doubled debt-servicing costs, Hahn said. The EU is asking countries to ["]chip in["] an extra 66 billion euros [plus] 15 billion euros to be assigned to manage irregular immigration, including by extending aid to countries in the Middle East and Africa to ensure more people stay there.
state.gov | Secretary Antony J. Blinken And Ukrainian Foreign Minister Dmytro Kuleba, 20 June
BLINKEN:...I think it's a demonstration with more than 50 countries, Dmytro, of the powerful and enduring support for Ukraine, not only militarily but also economically and also in everything we're trying to do to build the strongest possible democracy. So we're very pleased to be part of this and very pleased that Ukraine and our friends here are hosting this conference.
gov.uk | PM call with EU Commission President Von der Leyen (19.06.23)
KULEBA: No phone call can replace an in-person meeting, and I think we should thank James [Cleverly] for --
yahoo! pamedia | King Charles III hosts world leaders ahead of Ukraine Recovery Conference (20.06.23)'

The king was greeted in the gilt-edged Throne Room by Foreign Secretary James Cleverly and Mr Shmyhal, who presented him with a bronze statue commemorating the liberation of Snake Island. The dramatic liberation is approaching its one-year anniversary at the end of June. [His Royal Majesty] then met with Chancellor Jeremy Hunt, Defence Secretary Ben Wallace and Mr Blinken.

BLINKEN: Fuck, Yeah!
KULEBA: -- giving us the opportunity to catch up in person. We always have a lot on our plate to discuss. And yes, in two coming days we will be focused mainly on the recovery and reconstruction of Ukraine.  And I would like to thank the United States for their steadfast commitment to making things happen, because it's not enough just to have a plan of recovery.
Shmyhal outlines key aspects of Ukraine Recovery Conference in London (19.06.23)
"...This is a continuation of the movement towards a major reconstruction that we started a year ago in Lugano. Our goal is to mobilize as much international [investment] as possible and establish mechanisms by which this [money] will arrive in a timely and rhythmic manner....During the conference, there will be a meeting of the Multi-agency Donor Coordination Platform, the so-called 'financial Ramstein'. We expect efficient solutions."
It's crucial to have a mechanism underpinning this plan, and the United States plays a very important role in helping us build - roll out this mechanism.
rollcall | Congress should dole out funds for a postwar Ukraine investment trust fund, 20 June
[...]
The challenge that lies ahead is not simply the reconstruction of a war-torn Ukraine and a recovery to its prewar [sic] level of economic activity. Prior to the war, Ukraine was a [compara]tively poor country. Its 2021 per capita income was 13 percent of the European Union average. Its hopes for EU membership, integration into the broader world economy, and a stable democracy will not be possible[,] if Ukraine remains so impoverished.
[...]
The average annual inflow of FDI between 2016 and 2021 represented 3.3 percent of Ukrainian GDP, roughly equivalent to that enjoyed by its EU neighbor Poland (3.5 percent) [of Polish GDP]. But much more investment will be needed because recovery [build back better] costs will be enormous. Ukraine may need $180 billion in FDI and $350 billion in additional domestic private investment over the next 15 years, according to unofficial European estimates.
[...]
Existing public sector institutions are not up to the task of sharing the Ukraine investment risk with the private sector. The World Bank's Multilateral Investment Guarantee Agency (MIGA) hopes to create a $300 million fund for Ukraine, but that will be woefully insufficient. Ukraine's annual FDI insurance coverage [premium] could amount to more than all of MIGA's investment guarantees issued for the entire world in 2022. The [EBRD], where the U.S. is the largest shareholder, is barred from doing investment insurance. Nor can the [EIB]. ...Allowing Chinese or Indian or other such investors to reap the benefits of postwar reconstruction insurance G7 loan guarantees would understandably undermine American taxpayer backing for Ukraine [credit].
[...]
by Cat on Tue Jun 20th, 2023 at 08:55:34 PM EST
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[INCONTINENCE ALERT] (none / 0)
interfax | ENTSO-E boosts Ukraine's electricity import capacity to 1200 MW - Ukrenergo, 21 June
Capacity for Ukraine and Moldova to import electricity from continental Europe has increased from 1050 MW - 1200 MW, Ukrainian media reported, citing an Ukrenergo statement.

"ENTSO-E, the European network of transmission system operators, has increased the maximum available interconnector capacity for the import of electricity to Ukraine and Moldova from the continental European zone by 150 MW - 1200 MW," the company said on Telegram.
[...]

ukrinform | Water level drops by 9 cm in Kherson region (20.06.23)
..."Kherson region: as of 15:00 on June 20, the water level is at 0.3 m (since the beginning of the day, the level has decreased by 9 cm). 3 settlements (595 houses) on the right bank of the Dnipro River remain flooded," the report says....It is noted that since the beginning of the day, rescuers have pumped out more than 0.29 thousand tons of water from 223 basements and houses in Kherson region...
The Kakhovka hydroelectric power plant dam breach and drop in the reservoir's water level have caused power generation by hydropower plants to fall. The Ukrainian Energy Ministry has come up with an initiative to boost cross-border capacity to import electricity from Europe to 2 GW [!].

The ENTSO-E decision to gradually broaden opportunities to export/import electricity was reached on June 7, 2022, and commercial electricity exchange began on June 30. At the end of April of this year, Ukrenergo and ENTSO-E increased capacity to import [?!] electricity from the continental European zone to the Ukraine/Moldova block from 850 MW - 1050 MW. Capacity of 400 MW is available for electricity export from Ukraine and Moldova to Europe.

archived Sat Aug 27th 2022, Sat Apr 8th 2023
by Cat on Wed Jun 21st, 2023 at 05:24:33 PM EST
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EURO and UAH (none / 0)
Politico.eu.com | Europe's new Marshall Plan: The EU makes a bet on rebuilding Ukraine, 21 June German Marshall Fund alias "financial Ramstein" alias US primary dealers' guarantees
by Cat on Wed Jun 21st, 2023 at 08:12:45 PM EST
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EURO and UAH (none / 0)
APsplainin Allies pledge billions for Ukraine rebuilding and seek big-business investment at London conference, 22 June

(not those Allies

...Perhaps the most troublesome element affecting economic life was the demand for reparations. The European Allied victors expected post-World War I reparations would cover government budget gaps, especially the severely war damaged countries of Belgium and France. Reparations were also expected to help pay the inter-Allied loans from the United States as the war's net creditor....
or that London Conference
...The importance of accounting for the links across the Atlantic under the pre-World War I gold standard was stressed by some participants, whereas at least one participant questioned the validity of the concept of an Atlantic economy. The reality of trend movements in commodity prices and long-term interest rates under the gold standard was another subject of debate at the conference....
the other one.)
Ukrainian President Volodymyr Zelensk*, who addressed delegates by video, said his country needed action, not just pledges.
president.gov.ua | When we build Ukraine, we will build freedom - online speech by President Volodymyr Zelensk* at the Ukraine Recovery Conference in London (21.06.23)
...What does all this mean? In Ukraine, there is the largest source of economic, industrial and technological growth in Europe for decades and decades. And, by the way, it's not only reconstruction.

For example, the green transformation of energy logically stimulates the development of industries such as green metallurgy and green fertilizers. Thanks to its natural resources and industrial traditions, Ukraine can become one of the key global centers of green metallurgy. In addition, we have significant reserves of critical resources for the modern economy, such as lithium.

By building with Ukraine and in Ukraine, we fend off our countries and our countries' companies from recessions....

"We must move from vision to agreements and from agreements to real projects," he said. "We are only waiting for the courage of the alliance leaders to recognize this reality, politically," he said.
[...]
[This] London conference aims to HARNESS private-sector investment. British Prime Minister Rishi Sunak said BT, Virgin, Philips[,] and Hyundai Engineering were among more than 400 companies from 38 countries that have committed to invest in Ukraine.
Advantage Ukraine: The biggest opportunity in Europe since the Second World War
Ukraine is a "huge investment opportunity" despite the mounting destruction from Russian attacks, Sunak said. "In fact, the war has only proved how much Ukraine has to offer," the prime minister said, citing Ukraine's tech sector, which had its best-ever year in 2022.
cnn | Ukraine needs investors to rebuild its war-torn economy. A huge effort is already underway, 21 June best buy
...Private investors see a "tremendous opportunity" to invest in Ukraine's post-war future, according to Stefan Weiler, JPMorgan's head of debt capital markets for central and eastern Europe, the Middle East[,] and Africa. Weiler, who traveled to Kyiv in February, told CNN he was impressed by how "forward-looking" the government is in preparing for the post-war period....
by Cat on Thu Jun 22nd, 2023 at 03:01:55 PM EST
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Re: EURO and UAH (none / 0)
Zelenskyy and sacrifice

When will this war 🇺🇦 bull stop ⁉️

Mission to Thwart Peace ☮️

by Oui on Thu Jun 22nd, 2023 at 05:00:49 PM EST
[ Parent ]
< checks watch > (none / 0)

All the mortgaged property "substantially transformed" by foreclosure into "assets" managed by BlackRock will tell ya, never o'clock.

by Cat on Thu Jun 22nd, 2023 at 10:44:34 PM EST
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EURO, UAH, IQD, and Dollar (none / 0)
archived get over it and We are Harry Potter in Visions and eNtiTiES
by Cat on Tue Jun 27th, 2023 at 05:35:41 PM EST
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Re: EURO and UAH (none / 1)
F24 | 4:08pm: €60 billion pledged for Ukraine recovery telethon
"We had not envisaged this to be a pledging conference. Nevertheless, today at this conference, we can announce a combined 60 billion euros in support to Ukraine," said James Cleverly, foreign minister of the UK, which hosted the meeting.

The commitments from governments and international organisations target supporting Ukraine in the short- and medium-term, Cleverly said at the closing session of the London conference. ... Nearly 500 companies from 42 countries have pledged to play their part, Cleverly said.

The bulk of the 60 billion euros comes from a 50-billion-euro aid package [!] that the European Union plans to roll out until 2027, which was announced on the eve of the conference.

That's disappointing news. How much did it cost gov.uk to host this pageant?
by Cat on Fri Jun 23rd, 2023 at 08:18:47 PM EST
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EURO and UAH green metallurgy (none / 0)
Iron Fuel Shows Its Mettle The plentiful metal could be a carbon-free fuel and store energy long term
By the end of June, a large 1-megawatt plant that burns iron fuel will fire up, producing the heat needed to brew beer at the Swinkels brewery near Eindhoven, Netherlands, in a test lasting for several months. The plant, named IRON+, is a joint venture between three companies [EMGroup, Pometon, Metalot] and built on technology first demonstrated as a 100-kilowatt system in 2020 by the Metal Power Consortium, which includes the Eindhoven University of Technology and startup Metalot, which was spun out of the university.
[...]
If these problems can be overcome, you could use renewable electricity to produce iron, store it as long as necessary, transport it there, and then burn it for power when needed, says Bergthorson. "Places that have excess energy < eyebrow > could make iron, and others can buy it. This way, you could commodify renewable energy so it can be globally distributed without the need for transmission lines. Metals can solve a big problem in the renewable energy transition: long-duration energy storage."
by Cat on Sun Jun 25th, 2023 at 06:38:10 PM EST
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EU top diplomat suggests setting up long-term Ukraine Defence Fund for arms supplies
"We talk about security commitments. From my side, it means military support for Ukraine has to have a long haul... during the war and after the war," EU foreign policy chief Josep Borrell said as he arrived for an EU summit in Brussels.

"So the European Peace Facility for Ukraine maybe has to become a Ukraine Defence Fund - the training has to continue, the modernization of the army has to continue."

consilium.europa.eu | European Council, 29-30 June 2023, agenda highlights
RISK ON
cafe-blouberg.co.za | According to economists, the fact that Germany is not succeeding in attracting corporate investment is "alarming"., 28 June 2023
The Cologne-based German Economic Institute (GEI) said the gap between foreign investment by German companies and corporate investment in the country in 2022 was the widest on record, based on data from the OECD.
4 June Statement by Foreign Minister Annalena Baerbock prior to her departure for Brazil
"The investment conditions in Germany had recently deteriorated again due to the high energy prices and the increasing shortage of skilled workers," said Christian Rusche, economist at the GEI.

According to the report, 70 percent of foreign investments by German companies went to other European countries. This makes it "particularly worrying that investments in European neighbors have collapsed".

18 Jan German economic institute: US green subsidy [sic] law ain't that bad
European politicians are grappling over how to respond to Washington's $369 billion green subsidy package to keep companies on the continent. But the effects of the act have been wildly exaggerated by media and politicians, the Cologne-based institute [Atlantik-Brücke] argues in a new paper, and launching a retaliatory spending spree could be a mistake.
[...]
The figures come at a time when the US is offering large subsidies via the Inflation Reduction Act to attract companies in various sectors, including electric vehicles and renewable energy, to invest, which the researchers say has accelerated investment outflows from Germany.

Meanwhile, Germany has been warned that Germany is also receiving very little from the EU's €750 billion recovery fund

archived Germany, the Netherlands and others strongly oppose such a move, saying there is plenty of still unused money in the EU's €800 billion pandemic recovery fund that the bloc is already jointly borrowing...
launched in response to the coronavirus pandemic to fund investments in areas such as green energy and digitalisation, and which is set to grow stronger affected economies, such as Italy.
[...]
FT | Germany's failure to attract business investment 'alarming', say economists
Germany's ability to attract business investment suffered an "alarming" decline last year, when more than €135bn of foreign direct investment flowed out of the country and only €10.5bn came in, according to a leading economic institute. The Cologne-based German Economic Institute [IW] said the gap between outbound investments by German companies and business investment into the country in 2022 was the largest on record, based on data from the OECD.
[...]
by Cat on Thu Jun 29th, 2023 at 08:36:12 PM EST
[ Parent ]
After the War ... (none / 0)
Gathering EU leaders in Brussels: Putin miscalculated ... this is what a NATO victory looks like???



Mission to Thwart Peace ☮️
by Oui on Thu Jun 29th, 2023 at 08:59:37 PM EST
[ Parent ]
EUCO: EURO and UAH draft conclusions (none / 0)
11161/23 LIMITE, 29 and 30 June proceedings (pdf)
The European Council held an exchange of views with NATO Secretary General Stoltenberg on
EU-NATO cooperation and Euro-Atlantic security, in particular following the signature of the third
joint declaration on 10 January 2023.
[...]
consilium.europa.eu | EU defence industry: Council and European Parliament agree on new rules to boost common procurement, 27 June  European Defence Industry Reinforcement Procurement Act (EDIRPA) — Made in Europe!
by Cat on Thu Jun 29th, 2023 at 09:31:50 PM EST
[ Parent ]
Re: Yuan and Dollar (none / 1)

state-controlled F24 translation: Xi hosts Blinken for talks, sees 'progress' in stabilising US-China ties, 10:36 ET
Speaking following his meeting with Xi, the top US diplomat said he agreed with China's leadership on the need to "stabilise" relations but that he was "clear-eyed" on vast disagreements between the two countries.

"Direct engagement and sustained communication at senior levels is the best way to responsibly manage differences and ensure that competition does not veer into conflict," Blinken told ["press availability"] reporters.
[...]
The meeting ["in the Great Hall of the People"], which lasted just over half an hour [35-minutes?], came after Blinken held more than 10 hours [!] of talks over two days [18 June] with other top officials.
[...]

"China-US relations lies in the people"
'Quarrelling lovers'
US officials have voiced fears that China in the coming years will try to seize Taiwan and insist that Washington's sales of weapons to the island are meant only to preserve the status quo.
[...]
On the streets of the Chinese capital, Sun Yi, 26, said she hoped Blinken's trip would improve the relationship and that she wanted to visit the United States.

"I think the two countries right now are like quarrelling lovers. Both sides have their own personalities and interests and are not willing to compromise," she said.

archived France presses EU to declare trade war against China "dumping" EVs
by Cat on Mon Jun 19th, 2023 at 03:18:51 PM EST
Conflict South China Sea and Province Taiwan (none / 0)
Conflict South China Sea and one China agreement ...

INDO- PACIFIC STRATEGY

The White House (.gov)

The United States is an Indo-Pacific power. ... of neighbors in the East and South China Seas, our allies and partners in the region.

Statement of John C. Aquilino Naval Commander Indo Pacific Region 18;April 2023



Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 05:12:35 PM EST
Re: Conflict South China Sea and Province Taiwan (none / 0)
Leaders Detail U.S. Advantage in Indo-Pacific
18 April 2023

WASHINGTON - Military leaders testified about partnerships, capabilities and national security challenges in the Indo-Pacific region at a House Armed Services Committee hearing.

Concern over Indo Pacific friction 'alarming', top U.S. admiral says

Military are positioning for a conflict as diplomats stay at home or travel to alles and "friendly" nations.

Mission to Thwart Peace ☮️

by Oui on Mon Jun 19th, 2023 at 05:13:15 PM EST
[ Parent ]
earler edition: Sterling and Dollar (none / 0)
Guardian | Antony Blinken in China: all eyes on whether US secretary of state will meet Xi Jinping, 18 June stalker fantasies
On Sunday, Blinken held talks lasting more than seven-and-a-half hours [!] - an hour more than expected - with Chinese foreign minister Qin Gang. The US state department called the talks - which were held at an ornate state villa, and included a banquet dinner - "candid, substantive and constructive" although they did not appear to make concrete progress on disputes that include Taiwan, trade, human rights and fentanyl.
[...]
However, behind closed doors, Qin told Blinken that relations between the US and China "are at the lowest point since the establishment of diplomatic relations", according to state-run broadcaster CCTV.
[...]
Guardian | Antony Blinken and Xi Jinping hold 'candid' talks in Beijing, 19 June 08:42 ET (03:42 GMT)
[...]
Speaking at a press briefing ["availability" above] in Beijing before his departure, Blinken said he had had "an important conversation" with Xi during the 35-minute encounter and stressed it was the responsibility of both countries to find a path forward.
[...]
The rest of the discussion was held behind closed doors. The Chinese readout ["chaperones" above] said the two sides "made progress" and reached agreement on specific issues, without offering further detail
stalker watch Biden, Xi meet 14 Nov freezer, undisclosed location in Visions and eNtiTiES, 10 minutes on the sidelines
by Cat on Mon Jun 19th, 2023 at 05:22:50 PM EST
Coexist Or Don't Exist (none / 0)


Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 06:48:41 PM EST
Re: Coexist Or Don't Exist (none / 1)
View from Japan on the Great Powers conflict in the Indo-Pacific

Blinken meets Xi Jinping as U.S. and China look to rein in soaring tensions | Japan Times |

U.S. Secretary of State Antony Blinken met with Chinese leader Xi Jinping in Beijing on Monday -- part of symbolic talks that signal support at the highest level for improving ties -- just hours after China's top diplomat said Washington and Beijing must choose between "cooperation or conflict."

"State-to-state interactions should always be based on mutual respect and sincerity," Xi said, according to Chinese state-run media. "I hope that Secretary Blinken, through this visit, could make a positive contribution to stabilizing China-U.S. relations."

...
Blinken told a news conference after the Xi meeting that he had agreed with the Chinese leadership on the need to "stabilize" relations but that he was "clear-eyed" about the road ahead for the rival nations.

I hate the expression "clear-eyed" as NATO SG uses it in every meeting with the press to lay out the NATO narrative of the War in Ukraine.

Whether Blinken would gain an audience with Xi -- the most powerful Chinese leader in decades -- despite the increasingly acrimonious Sino-U.S. relationship had been widely seen as a barometer for the visit's success.

Xi Jinping last met with a top U.S. diplomat in 2018, when then-Secretary of State Mike Pompeo visited Beijing.

But while the Xi meeting raised expectations that the relationship could be salvaged after plummeting to its lowest point in years, Blinken's foray into the Middle Kingdom also highlighted that the two superpowers still remain far apart on most crucial issues.

This was encapsulated in comments by Wang Yi, China's top diplomat, during his talks with Blinken ahead of the Xi meeting Monday, with Wang telling Blinken that "it is necessary to make a choice between dialogue or confrontation, cooperation or conflict," according to a readout of the meeting released by the Chinese Foreign Ministry.

Wang, who ranks above Foreign Minister Qin Gang in the ruling Communist Party hierarchy, said the root cause of soured ties was the United States' "erroneous perception of China."



Mission to Thwart Peace ☮️
by Oui on Mon Jun 19th, 2023 at 06:49:38 PM EST
[ Parent ]
Re: Yuan and Dollar (none / 1)
Reactions to National Security Advisor Jake Sullivan's Brookings speech | May 2, 2023 |

The speech called for patience and confidence in building a global vision, which Sullivan said would require "dedicated commitment" among allied economies. Sullivan was generous with his support of the European Union (EU), clearly aligning itself with EU President von der Leyen's bid to de-risk rather than decouple. This direct support for the European Union is a not-so-subtle nudge for the bloc to continue inching closer to the U.S. economic and security approach toward China. Whether and when EU member states hear the message--and whether they will commit to making this new economic order a reality--remains to be seen. Other third countries, such as India, which holds this year's G20 presidency, and next year's host, Brazil, will also need to buy into a new era focused on decarbonization and de-risking. Familiar questions, such as how to define green trade or what constitutes a national security risk, will continue to surface in prominent ways.

The message is to trust the Americans, and the rest will come. After decades of foreign policy missteps and growing tension with China that leaves most countries awkwardly in the middle, it is not clear that will be an easy sell.

Will India become the next target of American capitalist investment in technology and manufacturing to replace China - select globalization. Painful memory of Biden blocking Covid-19 vaccine manufacturing for the UN and third world countries.

Mission to Thwart Peace ☮️

by Oui on Tue Jun 20th, 2023 at 02:24:55 PM EST
Biden Sums Up Blinken Meeting Xi Jinping (none / 1)

For re-election getting on well with dictators isn't beneficial ... compliant with Israel and Netanyahu is a must.

All animals are equal, but some animals are more equal than others. (George Orwell)

Mission to Thwart Peace ☮️

by Oui on Wed Jun 21st, 2023 at 04:54:20 AM EST
alternate version (none / 1)
reuters | Biden calls Chinese President Xi a dictator, 21 June
CAPTION: [1/2] Chinese President Xi Jinping looks on as he meets with U.S. Secretary of State Antony Blinken (not pictured) [read: cropped out of the wide-angle group photo] in the Great Hall of the People in Beijing, China, June 19, 2023. REUTERS/Leah Millis/Pool
This is how G7 media operators preserve their favorite Stalker's fantasy of "face-to-face" HISTORIC grandeur in the absence of any "readout" memoralizing Blinken's "35 minutes" of Xi Jining's undivided attention in an "undisclosed location".
Xi was very embarrassed when a Chinese balloon was blown off course over the U.S. recently [4 Feb].

Biden made the remarks at a fundraiser in California a day after Secretary of Stalking Antony Blinken met Xi on a trip to China that was aimed at easing ["cooling"] tensions between the two countries.

"The reason why Xi Jinping got very upset in terms of when I shot that balloon down with two box cars ["a single AIM-9X Sidewinder"] full of spy equipment in it was he didn't know it was there," Biden said in the fundraiser.

"That's a great embarrassment for dictators. When they didn't know what happened. That wasn't supposed to be going where it was. It was blown off course," Biden added.

like US respect for 1971 UN Resolution 2758, "One China" international law, three US-China Joint Communiques, and Six Assurances.
A suspected Chinese spy balloon flew over U.S. airspace in February. That incident[, USAF patrols , USN joint exercises,] and exchanges of visits by U.S. and Taiwanese officials have recently [sic] magnified U.S.-China tensions.
[...]
Biden said on Tuesday that Xi had been concerned by the so-called Quad strategic security group, which includes Japan, Australia, India[,] and the United States. The U.S. president said he previously told Xi the U.S. was not trying to encircle China with the Quad.

Later this week [22 June], Biden will meet Indian ["autocratic-leaning"] Prime Minister [and G20 President] Narendra Modi and China[, RUSSIA, and the "so-called" Global South] is expected to be a topic of discussion between the two leaders.

by Cat on Wed Jun 21st, 2023 at 11:23:17 AM EST
[ Parent ]
Politico.eu.com APsplainin (none / 1)
China hits back at Biden: 'Extremely absurd' to call Xi a dictator, 21 June
China on Wednesday hit back at U.S. President Joe Biden's recent comment that his Chinese counterpart Xi Jinping was is a dictator.

"It is a blatant political provocation. China expresses strong dissatisfaction and opposition," said Mao Ning, spokesperson for the Chinese foreign ministry, at a regular press briefing, AP reported.

RT International segment 5 hours ago: Mao Ning 1 min. A/V clip ledes Taihe Institute Senior Fellow Einhar Tangen's remote psycho-analysis of Biden's "slip of the tongue"
"The U.S. remarks are extremely absurd and irresponsible," Mao added.
[...]
now, it's gone....
Foreign Ministry Spokesperson Mao Ning's Regular Press Conference on June 21, 2023
[...]
In observance of the Dragon Boat Festival, the MFA regular press conference will be adjourned from June 22 (Thursday) to 23 (Friday), and resumed on June 26 (Monday). During the holiday, you can reach the spokesperson's office by fax, email or WeChat as usual.
###
archived Wang Yi: "absurd and hysterical" in Visions and eNtiTiES, Foreign Ministry Spokesperson Mao Ning's Regular Press Conference on February 3, 2023 "cool-headed and prudent", Foreign Ministry Spokesperson Mao Ning's Regular Press Conference on February 7, 2023 "clear overreaction", The Dictator and The Decider
by Cat on Wed Jun 21st, 2023 at 02:54:34 PM EST
[ Parent ]
Biden Manages to Undo 2-day Road Trip to China (none / 0)



Mission to Thwart Peace ☮️
by Oui on Wed Jun 21st, 2023 at 01:56:32 PM EST
Re: Biden Manages to Undo 2-day Road Trip to China (none / 0)
China says Biden comments calling leader Xi a dictator 'extremely absurd and irresponsible'

BEIJING - China called comments by President Joe Biden describing Chinese leader Xi Jinping as a dictator "extremely absurd and irresponsible."

The new clash of words comes just over a day after Secretary of State Antony Blinken concluded a visit to Beijing that sought to break the ice in a relationship that has hit a historical low.

Foreign Ministry spokesperson Mao Ning said Biden's comments at a fundraiser in California "go totally against facts and seriously violate diplomatic protocol, and severely infringe on China's political dignity."

"It is a blatant political provocation. China expresses strong dissatisfaction and opposition," Mao said at a daily briefing.

Blinken's visit, during which he met with Xi, was aimed at easing tensions between the two superpowers but appeared not to have achieved any solid results.

The remarks made by Biden, she added, would be "a blow to efforts to stabilize the US-China relationship, a relationship that Beijing says is at a record low". It could also "endanger any plans for a future meeting" between Biden and Xi.



Mission to Thwart Peace ☮️
by Oui on Wed Jun 21st, 2023 at 01:57:25 PM EST
[ Parent ]
Re: Biden Manages to Undo 2-day Road Trip to China (none / 0)


Mission to Thwart Peace ☮️
by Oui on Wed Jun 21st, 2023 at 01:57:59 PM EST
[ Parent ]
Re: Biden Manages to Undo 2-day Road Trip to China (none / 1)


Mission to Thwart Peace ☮️
by Oui on Wed Jun 21st, 2023 at 01:58:54 PM EST
[ Parent ]
Re: Biden Manages to Undo 2-day Road Trip to China (none / 0)


Mission to Thwart Peace ☮️
by Oui on Wed Jun 21st, 2023 at 04:54:11 PM EST
[ Parent ]
About that undone "2-day Road Trip" (none / 1)
Blinken backs Biden on calling Xi a dictator
Secretary of Stalking Antony Blinken on Sunday backed President Biden's remarks calling Chinese President Xi Jinping a dictator, saying the president "speaks for all of us."

"It's very clear that when it comes to China, we are going to do and say things that they don't like. They are going to do and say things that we don't like," Blinken said on CNN's "State of the Union" when asked whether the president was wrong to refer to Xi as a dictator in comments about the Chinese spy balloon that crossed the U.S. before being shot down in February.
[...]

archived Darn, No Apology by Wang Yi to USA in Visions and eNtiTiES
by Cat on Sun Jun 25th, 2023 at 02:50:20 PM EST
[ Parent ]
Indian Family Oligarchs on Modi Coattails (none / 0)
... into hall of White House at supreme level of excellence. Running the state of India.



Mission to Thwart Peace ☮️
by Oui on Fri Jun 23rd, 2023 at 05:42:28 AM EST
Re: Indian Family Oligarchs on Modi Coattails (none / 0)
Adani and Ambani: India's Oligarchs

The rise and rise of Indian tycoons Gautam Adani and Mukesh Ambani has been a phenomenon of huge importance to India, the world's second most populace country. In April 2022, Adani was ranked the world's fifth richest man with an estimated personal wealth of over 123 billion US dollars. Between them, Adani and Ambani have colossal stakes in ports, airports, telecommunications, petrochemicals, coal, mining, edible oils, real estate and logistics.

Indian to the Core, and an Oligarch | NY Times . June 15, 2008 |

Mission to Thwart Peace ☮️

by Oui on Fri Jun 23rd, 2023 at 05:43:42 AM EST
[ Parent ]
My Good Friend Xi Is a Dictator (none / 0)
Joe's preparatory remarks ahead of Modi visit to White House. Joe had just got his first briefing from Jake the Snake on crucial meeting with China's enemy number #1 and competitor.

India and China caught in vicious cycle to secure the Himalayan heights

Plenty of hot spots for Joe to exploit for benefit of US National Security ...

Key words | Kashmir | Pakistan | Tibet | Human Rights | Hindu | Dalit |

Mission to Thwart Peace ☮️

by Oui on Fri Jun 23rd, 2023 at 06:08:03 AM EST
[ Parent ]
Re: My Good Friend Xi Is a Dictator (none / 0)

Human rights abuses State Department report:

2022 Country Reports on Human Rights Practices: India

Mission to Thwart Peace ☮️

by Oui on Fri Jun 23rd, 2023 at 06:09:05 AM EST
[ Parent ]
Comics Relations US-India-Pakistan (none / 1)
America's Best Bet in the Indo-Pacific

How Washington and New Delhi Can Balance a Rising China

America provided Pakistan with the Islamic Nuclear bomb ...

Nuclear Spy AQ Khan - CIA/America Refused Arrest in 1975 & 1985 | @BooMan on Aug 9, 2005 |

Post 9/11 destroying the nation in a 20 year campaign before retreating from the graveyard of empires.

Imran Khan, Debt, IMF Vassal to America

Mission to Thwart Peace ☮️

by Oui on Fri Jun 23rd, 2023 at 06:26:18 AM EST
[ Parent ]
Censors In Pakistan (none / 0)


Mission to Thwart Peace ☮️
by Oui on Fri Jun 23rd, 2023 at 01:33:37 PM EST
[ Parent ]
Re: Comics Relations US-India-Pakistan (none / 0)
yes, after a decade or so circling the question—India, erstwhile value chain climber or no?—I'm inclined to believe that Mr Modi's common sense has succumbed to vanity. Time will tell, shortly after the G20 presidency passes to Brazil, how poorly he's played the hand that US dealt him.
by Cat on Fri Jun 23rd, 2023 at 06:22:26 PM EST
[ Parent ]
Re: My Good Friend Xi Is a Dictator (none / 0)

Why Is President Biden Hosting Narendra Modi? | The New Yorker |

Previous status as a parish politician ...

No Entry for Modi | April 8, 2005 |

The denial of a U.S. visa to Chief Minister Narendra Modi comes as the culmination of a campaign by a section of Indian Americans disturbed by the anti-Muslim pogrom that rocked Gujarat in 2002.

Mission to Thwart Peace ☮️

by Oui on Fri Jun 23rd, 2023 at 02:52:12 PM EST
[ Parent ]
weekend islamophiliaphobia UPDATE (none / 1)
Modi visit fuels concerns Biden putting human rights on back burner
The Indian leader in particular is criticized for failing to counter anti-Muslim hate and is cracking down on civil liberties and press freedoms -- issues that strike at the core of respect for democratic governments.

"I would argue that the administration needs to be more explicit about backsliding allies, practically recommitting themselves to fundamental freedoms and the respect for human rights as the basis for an evolving global order," said Tess McEnery, who previously served as Biden's director for democracy and human rights at the National Security Council.

MODI! MODI! MODI!
Being hospitable to Modi also has its domestic political benefits.

The U.S. is home to a more than an Indian-American community of more than 4.5 million people [INCLUDING WOMEN AND CHILDREN]-- a key voting bloc that the president hopes to hold onto ahead of what is likely to be a fraught 2024 presidential election.

"I think that President Biden is eager not to cede any of the, kind of, Indian-American community vote to the Republican Party," said Daniel Markey, senior adviser on South Asia at the United States Institute of Peace (USIP).

22 June Seven Summers Later speech to the odious
by Cat on Sun Jun 25th, 2023 at 03:06:48 PM EST
[ Parent ]
Re: My Good Friends are a Dictator (none / 1)
msn reuters | India refiners start yuan payments for Russian oil imports -sources, 3 July
March 2022 India's balancing act in Ruble and Rupee
Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions.
15 May 2023 price cap psychotic break
The U.S. dollar has long been the main global oil currency, including for purchases by India, but now the yuan is playing an increasingly important role in Russia's financial system because Moscow has been frozen out of the dollar and euro financial networks by [PRICE CAP COALITION] sanctions.
30 June finance.ec.europa.eu SANCTION PKG UPDATE
China has also shifted to the yuan for most of its energy imports from Russia, which overtook Saudi Arabia to become China's top crude supplier in the first quarter this year.

"Some refiners are paying in other currencies like yuan if banks are not willing to settle trade in dollars," said an Indian government source.

2 June Asia has alternative to SWIFT, EU raises bar for punishing countries
Indian Oil Corp [IOC], the country's biggest buyer of Russian crude oil, in June became the first state refiner to pay for some Russian purchases in yuan, three sources familiar with the matter said.

At least two of India's three private refiners are also paying for some Russian imports in yuan, two other sources said. All the sources declined to be named because of the sensitivity of the matter. None of India's private refiners—Reliance Industries Ltd, Russia-backed Nayara Energy, and HPCL Mittal Energy Ltd—responded to requests for comment. Indian Oil [IOC] also did not reply to a request for comment.
[...]
Indian refiners have also settled some non-dollar payments for Russian oil in the [UAE] United Arab Emirates' dirham, sources have said.

March 2023 Dirham, [BRL], and Yuan, Yuan Overtakes Dollar in Ruble and Yuan
"First preference is to pay in dollars but refiners sometimes pay in other currencies such as dirham and yuan when sellers ask them," said the government source, who did not elaborate further and declined to identify any Indian companies paying in yuan for Russian oil. India's oil and finance ministries, which had previously been trying to convince Russia to accept rupees for oil payments, did not respond to requests for comments.
[...]
Importance of BRICS Leading Multipolar World in Conversion of Europe to New Fascism and War, 2 July "messaging system"
by Cat on Mon Jul 3rd, 2023 at 10:56:01 PM EST
[ Parent ]
EU Aligns China Trade with America (none / 1)
A divided European Union will cause more stalemate as America rules the Western Atlantic alliance. Best for the leading nations to negotiate bilateral trade deals.

EU ambassador regrets lack of 'substantial progress' on trade talks with Beijing

The European Commission has suspended its efforts to get member states and parliament to ratify an investment agreement reached with China at the end of 2020, after seven years of talks, following differences over human rights in the Muslim-majority region of Xinjiang.

With relations cooling, the EU also decided in May to "readjust" its position towards China to reduce its economic dependence at a time when Beijing is suspected of giving Moscow tacit support for its war in Ukraine.

EU-China Strike Investment Deal | Dec. 31, 2020 |

After the recent trade deal with Japan, the EU again sets a priority in Asia with this EU-China deal. The lame duck president is AWOL spending most of his time on the Mar-a-lago golfcourse. His Twitter feed is filled with election fraud garbage.

After long years of Brexit negotiations, four years of American intransigence under Donald Trump, sanctions imposed on NATO allies, ambassadors with a political agenda w/o experience in diplomacy from the School of Pompeo, flaunting International Law, choice for MAGA and ending policy of multilateralism ... even the election of Democrat Joe Biden will be insufficient to believe American ways will change bound by a destructive U.S. Congress.

Mission to Thwart Peace ☮️

by Oui on Sun Jul 2nd, 2023 at 05:08:37 PM EST
Re: EU Aligns China Trade with America (none / 0)
Biden is so damn predictable ...

China, Russia vow to buckle up against 'geopolitical turbulence belt'

The United States last week imposed an array of sanctions on Russia, including curbs on purchases of its debt, in response to what it said was Moscow's interference in last year's U.S. election, cyber hacking, and bullying of Ukraine, among other issues. It also expelled 10 Russian diplomats.

Air Force Reveals B-1Bs Were Practicing Decapitating Russia's Black Sea Fleet - June 2020

Mission to Thwart Peace ☮️

by Oui on Sun Jul 2nd, 2023 at 05:10:02 PM EST
[ Parent ]
Yuan or Dollar | 50 comments (50 topical, 0 editorial, 0 hidden)


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