Tuesday, March 22, 2022
Ukrainians Flee Mariupol as Russian Forces Push to Take Port City
Another day of war. Thursday will mark exactly one month since Putin's invasion.
ZAPORIZHZHIA, Ukraine—The battle for the southern port city of Mariupol intensified Tuesday with fleeing civilians describing Russian and Ukrainian forces locked in street-by-street warfare through the city’s downtown as Moscow’s airstrikes gutted entire neighborhoods. Nearly a month after Russia invaded Ukraine, it is on the verge of taking Mariupol in what would be the first major city to fall under its control. But Mariupol is a shattered prize. “Everything fell apart,” Natalia Poluiko said Tuesday, hours after arriving in Zaporizhzhia, about 150 miles to the west, with her 8-year-old daughter and five other relatives. “We had a choice to wait there until a bomb fell on our building, or risk trying to get out.” The family fled Mariupol in two vehicles with belongings strapped to the roof and a religious icon on the dashboard, praying for safe passage on the approach to each Russian checkpoint. Hundreds of people from Mariupol now arrive daily in Zaporizhzhia in a grim procession of cars, with shattered windshields and shrapnel damage speaking to the ordeal endured by their passengers. The wider battle lines across Ukraine have shifted little in recent days. Ukrainian forces said they were regaining ground in some areas. Russia’s Defense Ministry said Tuesday its troops had made progress battling for towns along its lines of attack. Ukraine President Volodymyr Zelensky, meanwhile, maintained his busy schedule of trying to rally international support on Tuesday, speaking with the pope and, separately, the Italian parliament. President Biden heads to Europe on Wednesday for talks with allies about the war and is preparing to roll out new sanctions on most members of Russia’s State Duma, the lower house of parliament, U.S. officials said. The fighting around Mariupol has been under way since the opening days of Russia’s assault that began Feb. 24. The city has seen stepped-up levels of attack for about the past two weeks and as the battle moved closer to the city. Mariupol has been a focus of the Russian offensive because it is a strategically important city linking Russian-controlled parts of eastern Ukraine with a swath of territory Moscow has captured in the south, and creating an arc containing much of the country’s Russian-speaking population. Streams of cars from Mariupol pull into the parking lot of a hardware store on the outskirts of Zaporizhzhia—now a way station for people fleeing to safety further west, or abroad—part of the more than 10 million people uprooted by the fighting. Taped to the windows are homemade signs reading “children” in Russian, and strips of white material tied to the door handles, scant protection from the war raging over their city. More than a dozen residents who fled since last week described a desperate struggle to stay alive in a city where venturing outside meant exposure to being shot, shredded by artillery fire or obliterated in an airstrike. “They are basically wiping the city from the face of the earth,” said Andriy, 37, who took his chances during a lull in the bombardment on Monday and fled Mariupol with his wife and two children. Andriy, who declined to give his full name, said his ears had yet to adjust to the absence of constant shelling in the city he left behind. “It’s as though I’ve come back to life.” Although Mariupol was always likely to be a target of Russia’s invasion, many residents stayed because they couldn’t believe the situation would get so bad. By the time they realized what was unfolding, it was too late. The bombardment of the city of between 350,000 to 400,000 residents was growing heavier and closer by the day. Local officials say Russia has rained 50 to 100 bombs a day on Mariupol, destroying between 80% and 90% of the city. Ukraine rejected a Russian ultimatum to surrender the city this week. Ukrainian military officials said Tuesday that those defending the town were able to destroy a Russian patrol boat operating close to the city, as well as a Russian radio complex...
Monday, March 21, 2022
Flying Tesla in Echo Park, Los Angeles (VIDEO)
Pretty sensational.
The stunt totaled the Tesla's front-end. Brand new car too, apparently.
At ABC Eyewitness News Los Angeles, "The LAPD is searching for the driver responsible for a dangerous stunt. Videos have been posted on social media showing a Tesla going airborne before crashing into vehicles in #EchoPark."
And, "Dangerous Tesla stunt caught on video ends in crash in Echo Park neighborhood, driver on the loose."
Russia's Army Stalemated?
Great thread on Twitter.
Click through and read it all.
Has the war entered a stalemate? Yes and no. Russian forces may make slow, incremental advances in the Donbas. I suspect UKR military can hold on most fronts and perhaps even counter attack on others. However, attrition is undoubtedly taking its toll on both sides. 15/
— Michael Kofman (@KofmanMichael) March 20, 2022
General David Petraeus: 'Russia's Command and Control Has Broken Down' (VIDEO)
Five Russian generals have been taken out. It's very uncommon, explains General Petraeus.
At CNN:
Russian Soldier Grovels for Forgiveness (VIDEO)
Or does he? Isn't this a well-rehearsed show of debasement?
He's got the routine down!
WATCH:
Sunday, March 20, 2022
Kalashnikov Automatic Rifle
Small-arms designer Mikhail Kalashnikov created this weapon in 1947, the Avtomat Kalashnikov (Автомат Калашникова), thus the AK-47.
History's most popular weapon of war, the AK's an avatar of revolutionary movement across the Third World. If you've been watching, they're everywhere in Ukraine. Seems like everyone's totin' one, even civilians.
More, from Phillip Killicoat, "Weaponomics: The Global Market for Assault Rifles":
Existing data on aspects of the small arms market are extremely limited. Since 2001, the In the case of small arms there isan obvious choice: the AK-47 assault rifle. Of the estimated 500 million firearms worldwide, 100 million belong to the Kalashnikov family, three-quarters of which are AK47s (Small Arms Survey 2004). The pervasiveness of this may be explained in large part by its simplicity. The AK-47 was initially designed for ease of operation and repair by glove-wearing Soviet soldiers in arctic conditions. Its breathtaking simplicity means that it can also be operated by child soldiers in the African desert. Kalashnikovs are a weapon of choice for armed forces and non-state actors alike. They are to be found in the arsenals of armed and special forces of more than 80 countries. In practically every theatre of insurgency or guerrilla combat a Kalashnikov will be found. The popularity of the AK-47 is accentuated by the view that it was a necessary tool to remove colonial rulers in Africa and Asia. Indeed, an image of the rifle appears on the Mozambique national flag, and “Kalash”, an abbreviation of Kalashnikov, is a common boy’s name in some African countries. The AK-47’s popularity is generally attributed to its functional characteristics; ease of operation, robustness to mistreatment and negligible failure rate. The weapon’s weaknesses - it is considerably less accurate, less safe for users, and has a smaller range than equivalently calibrated weapons - are usually overlooked, or considered to be less important than the benefits of its simplicity. But other assault rifles are approximately as simple to manage, yet they have not experienced the soaring popularity of the Kalashnikov. The AK-47’s ubiquity could alternatively be explained as a result of a path dependent process. Economic historians recognize that an inferior product may persist when a small but early advantage becomes large over time and builds up a legacy that makes switching costly (David 1975). In the case of the AK-47 that early advantage may be that as a Soviet invention it was not subject to patent and so could be freely copied. Furthermore, large caches of these weapons were freely distributed to regimes and rebels sympathetic to the Soviet Union - more freely, that is, than weapons were distributed by the US - thereby giving the AK-47 a foothold advantage in the emerging post-World War II market for small arms. According to a path dependence interpretation, inferior durable capital equipment may remain in use because the fixed costs are already sunk, while variable costs (e.g. ammunition, learning costs for new recruits) are lower than the total costs of replacing Kalashnikovs with a new generation of weapons of apparently superior quality. Whatever the exact causes, it remains that for the last half-century the AK-47 has enjoyed a near dominant role in the market for assault rifles making it the most persistent piece of modern military technology. Since the technology used in the AK-47 is essentially unchanged from the original, one may be confident that the prices observed across time and countries are determined market conditions rather than changes in the product...
SOURCE: Foreign Policy, "Looking for a deal on AK-47s? Go to Africa."
Long Bloody Battle for Kyiv Looms (VIDEO)
At the New York Times, "The Battle for Kyiv Looms as a Long and Bloody Conflict":
Ukraine’s capital is the biggest prize of all for the Russian military. If Russia tries to take control, it could lead to one of the biggest urban conflicts since World War II. KYIV, Ukraine — The city of Kyiv covers 325 square miles and is divided by a broad river. It has about 500,000 structures — factories, ornate churches and high-rise apartments — many on narrow, winding streets. Roughly two million people remain after extensive evacuations of women and children. To the northwest and to the east, tens of thousands of Russian troops are pressing toward the city, Ukraine’s capital, backed by columns of tanks, armored vehicles and artillery. Inside Kyiv, Ukrainian soldiers and civilian volunteers are fortifying the downtown with barriers, anti-tank mines and artillery. Kyiv remains the biggest prize of all for the Russian military; it is the seat of government and ingrained in both Russian and Ukrainian identity. But capturing it, military analysts say, would require a furious and bloody conflict that could be the world’s biggest urban battle in 80 years. “What we are looking at in Kyiv would dwarf anything we’ve seen since World War II,” said David Kilcullen, a retired lieutenant colonel in the Australian Army who has extensively studied urban combat. “If they really, really want to level Kyiv, they can,” he said of the Russian leadership. “But the level of political and economic damage would be tremendous.” For comparison, one of the largest urban battles this century was the nine-month siege of Mosul, Iraq, in 2016 and 2017 to oust its Islamic State occupiers. Mosul covers 70 square miles and had a wartime population of about 750,000 people — a fraction of the numbers for Kyiv, where the metropolitan area’s prewar population was 3.6 million. Negotiations over a cease-fire are continuing, and a long, heated battle over Kyiv is not inevitable. Despite superior numbers and firepower, Russia has not achieved a breakthrough. A Western official, in a briefing with reporters this past week, said the Russians had taken heavy casualties, been unable to establish any meaningful off-road presence, and — perhaps most surprising — failed to achieve dominance in the air. But the first stages of the battle have already begun, with cruise missile bombardments, troop movements to encircle the city and a fight to gain air superiority. Savage, street-by-street gunfights akin to guerrilla warfare have broken out in northwestern suburbs like Irpin, an important gateway into the city. It could be the beginning of a long, drawn-out siege using hunger and street fighting to advance toward the city center. After three weeks of fighting in the suburbs, Ukrainian soldiers and volunteers, who are operating in loosely organized small units and relying heavily on ambushes, are growing more confident in the city’s defense. Part of their strategy is to make the assault so costly for the Russian army in lives that it will exhaust or demoralize its troops before they reach the city center. “There’s no talk of capitulation for Kyiv,” said Lt. Tetiana Chornovol, the commander of an anti-tank missile unit operating on the outskirts of the city. “Everything is going far better than we thought.” Lieutenant Chornovol, 42, is a former activist in Ukraine’s street protest movement who sent her two children to safety before reporting for duty as a reserve officer. She commands two teams of a half-dozen or so people each, firing Ukrainian-made, tripod-mounted missiles, which they transport to ambush positions in their personal cars. Lieutenant Chornovol drives a red Chevy Volt electric hatchback, which she calls an “ecologically clean killing machine.” Interviewed beside a burning grocery warehouse in the suburban town of Brovary, the lieutenant popped the hatchback to reveal a beige tube, holding a Stugna-P missile. It has a range of three miles and hits a target within a diameter of one foot. Seemingly unfazed by combat, Lieutenant Chornovol described the Ukrainian tactic of ambushes that has defined the early phases of the battle for the capital. Last week, she said, she blew up a Russian tank a few miles east of Brovary on the M01 highway. “We look for firing positions where we can see a stretch of road,” Lieutenant Chornovol said, adding that “we know a column will drive on the road” eventually. With her car parked some distance away, covered in camouflage, she and her team lay in wait in a tree line for three days before a Russian column came rumbling down the road...
Institute for the Study of War
It's like these cats were put in deep-freeze since the surge in Iraq. And now? A go-to resource on the "Russian Campaign Offensive."
If there are "neocons" pushing for war in Ukraine, it would be these people. Yet besides daily updates on the Russia's campaign --- which are being cited by the New York Times, of all outlets --- there's been no Kaganite pro-war media blitz to plant U.S. forces in Lviv.
Nope, now Glenn Greenwald's warning against the "Bush/Cheney" cabal reincarnated in --- David Frum? Okay. *Shrugs.*
In any event, from ISW:
NEW: Ukrainian forces have defeated the initial #Russian campaign of this war. Its culmination is creating conditions of stalemate throughout most of #Ukraine.
— ISW (@TheStudyofWar) March 19, 2022
Read the latest Russian offensive campaign assessment from @TheStudyofWar and @criticalthreats: https://t.co/EtMCrMbAjO pic.twitter.com/4XrCCj5Gnj
REPORT: Russia Has Empowered Neo-Nazi Factions in Zelensky's Army
There's some debate over this here, and I'm sure lots more on Twitter and elsewhere.
Nazis in the Ukraine army? This is way beyond my knowledge. I'll keep my eyes peeled for more on this.
At UnHerd, "The truth about Ukraine’s far-Right militias":
Like any war, but perhaps more than most, the war in Ukraine has seen a bewildering barrage of claims and counter-claims made by the online supporters of each side. Truth, partial truths and outright lies compete for dominance in the media narrative. Vladimir Putin’s claim that Russia invaded Ukraine to “de-Nazify” the country is surely one of the clearest examples. The Russian claim that the Maidan revolution of 2014 was a “fascist coup” and that Ukraine is a Nazi state has been used for years by Putin and his supporters to justify his occupation of Crimea and support for Russian-speaking separatists in the country’s east, winning many online adherents. But the Russian claim is false: Ukraine is a genuine liberal-democratic state, though an imperfect one, with free elections that produce significant changes of power, including the election, in 2019, of the liberal-populist reformer, Volodymyr Zelenskyy. Ukraine is, unequivocally, not a Nazi state: the Russian casus belli is a lie. And yet, there is a danger that the understandable desire by Ukrainian and Western commentators not to provide ammunition for Russian propaganda has led to an over-correction — and one that may not ultimately serve Ukraine’s best interests. During one recent news bulletin on BBC Radio 4, the correspondent referred to “Putin’s baseless claim that the Ukrainian state supports Nazis”. This is, itself, disinformation: it is an observable fact, which the BBC itself has previously reported on accurately and well, that the Ukrainian state has, since 2014, provided funding, weapons and other forms of support to extreme Right-wing militias, including neo-Nazi ones. This is not a new or controversial observation. Back in 2019, I spent time in Ukraine interviewing senior figures in the constellation of state-backed extreme Right-wing groups for Harper’s magazine; they were all quite open about their ideology and plans for the future. Indeed, some of the best coverage of Ukraine’s extreme Right-wing groups has come from the open-source intelligence outlet Bellingcat, which is not known for a favourable attitude towards Russian propaganda. Bellingcat’s excellent reporting of this under-discussed topic over the past few years has largely focused on the Azov movement, Ukraine’s most powerful extreme Right-wing group, and the one most favoured by the state’s largesse. Over the past few years, Bellingcat researchers have explored Azov’s outreach effort to American white nationalists and its funding by the Ukrainian state to teach “patriotic education” and to support demobilised veterans; it has looked into Azov’s hosting of neo-Nazi black metal music festivals, and its support of the exiled, anti-Putin Russian neo-Nazi group Wotanjugend — practitioners of a very marginal form of esoteric Nazism, who share space with Azov in their Kyiv headquarters, fight alongside them in the front line, and have also played a role translating and disseminating a Russian-language version of the Christchurch shooter’s manifesto. Unfortunately, Bellingcat’s invaluable coverage of Ukraine’s extreme-Right ecosystem has not been updated since the current hostilities began, despite the war with Russia providing these groups with something of a renaissance...
The Annihilation of Mariupol (VIDEO)
At the Financial Times, "‘Hell on earth’: survivors recount Mariupol’s annihilation under Russian bombs":
Residents who escaped from besieged Ukrainian port depict harrowing conditions for civilians. In the besieged city of Mariupol, scene of the heaviest fighting in Russia’s three-week war on Ukraine, people are now so hungry they are killing stray dogs for food. Dmytro, a businessman who left the city on Tuesday, said friends told him they resorted to this desperate measure in the past few days after their supplies ran out. “You hear the words but it’s impossible to really take them in, to believe this is happening,” he said. “It is hell on earth.” Once one of Ukraine’s most important ports, Mariupol is now a charnel house, a city of ghosts. For more than two weeks it has been subjected to a Russian bombardment of such intensity that it has turned whole neighbourhoods into piles of smouldering rubble. After days of punishing aerial and artillery assaults that broke Mariupol’s three lines of defensive fortifications, Russian troops have now entered the city centre, with heavy fighting reported on some of its main shopping streets and near Theatre Square, a key landmark. On Sunday night, Russia gave Ukraine until 5am local time to decide whether to surrender Mariupol. Its defence ministry said it would allow Ukrainian troops to leave the city, but only if they lay down their arms. Russian forces are already in control of Livoberezhnyi Raion, or left-bank district, in the east of the city, as well as Mikroraiony 17-23, a string of residential neighbourhoods in the north-east, said Anna Romanenko, a Ukrainian journalist who is in close contact with Ukrainian forces there. “The front line runs right through Mariupol now,” she said. Dmytro, who declined to give his surname, was one of a number of Mariupol residents the Financial Times contacted by phone after they had been evacuated over the past week to the Ukrainian-controlled city of Zaporizhzhia, about 230km to the west. All described an assault so brutal it has destroyed the city, killed and maimed countless civilians and left deep scars on the survivors. Mykola Osichenko, chief executive of Mariupol TV, said his abiding memory of the past three weeks was the feeling of utter powerlessness. “When the bombs fell, I would routinely cover my son with my body,” he said. “But I knew that I couldn’t really protect him, that it was an act of desperation.” Strategically located on the Sea of Azov, the gateway to the Black Sea, Mariupol was in Russia’s crosshairs from the start of the war. From just a few days in, its forces started launching missiles at the city in an onslaught that severed its electricity, gas and water supplies and left its 400,000 residents cowering in freezing shelters, hugging for warmth. Mariupol authorities said 2,400 residents of the city had been killed since Russia launched its invasion. Survivors described desperate attempts to stock up on supplies while bombs exploded around them. Dmytro said he visited the central market last Sunday after it had been flattened by a Russian artillery attack. “Everything was burning, there were corpses everywhere, and I was just walking through, picking up a cabbage here, a carrot there, knowing it meant my family would live another day or two,” he said. “You become completely desensitised.” Witnesses depicted post-apocalyptic scenes of stray dogs eating the remains of bombing victims who lay unburied on the street. Civilian casualties have been placed in mass graves or buried in the courtyards of houses: proper funerals are too dangerous...
Still more.
Ukrainian Influencer Kristina Korban Reports on Ukraine
At the Verge, "Ukrainian Influencers Bring the Frontlines to TikTok."
Watch here.
Also on YouTube last weekend: "Warzone Truth."
Ukraine Blasts Kremlin for Bombing Civilians, Alleged Forced Removal of Ukrainians to Russia
Russia can't win on the battlefield, so Putin will level the cities and terrorize the civilian population, attempting to demoralize Kyiv and force a negotiated win at the bargaining table.
Putin will never go before the Hague. He's kill himself first.
At the Los Angeles Times, "Ukraine accuses Russia of bombing shelter, deporting citizens":
LVIV, Ukraine — Amid a growing consensus that Russia’s invasion of Ukraine is morphing into a bloody stalemate that could last months, Ukrainian officials on Sunday blamed the Kremlin for a new spate of deadly attacks on civilian targets, including the bombing of an art school in the embattled port city of Mariupol where hundreds had taken shelter. Ukrainian officials also accused Russian forces of seizing several thousand Mariupol residents and deporting them against their will to “remote cities in Russia.” Ukraine’s human rights spokesperson, Lyudmyla Denisova, said on Telegram that residents were being transported across the border to a Russian city about 60 miles from Mariupol and then sent by train farther into the Russian interior. Mariupol Mayor Vadym Boychenko likened the alleged deportations to the expulsion and slaughter of millions of Jews by Nazi Germany during the Holocaust, a theme also evoked Sunday by Ukrainian President Volodymyr Zelensky in a virtual address to lawmakers in Israel. “What the occupiers are doing today is familiar to the older generation, who saw the horrific events of World War II,” Boychenko said. The reports of forced removals could not be independently verified given that few journalists or humanitarian aid workers have been able to enter Mariupol, where machine-gun battles rage daily between Russian forces and Ukrainian defenders. The Kremlin has not responded to the allegations, although Russian state media reported that buses filled with what they described as refugees have been arriving from Ukraine in recent days. Linda Thomas-Greenfield, U.S. ambassador to the United Nations, told CNN on Sunday that she could not confirm the reports but added it would be “unconscionable for Russia to force Ukrainian citizens into Russia and put them in what will basically be concentration and prisoner camps.” Mariupol, a strategic city of some 400,000 on the Sea of Azov, has become a vivid symbol of the devastation wrought by the unprovoked invasion, with massive craters opened by bombs and artillery shells and 90% of the city’s buildings reportedly damaged or destroyed. The apparent bombing early Sunday of Art School Number 12, where some 400 people were said to be sheltering, follows a similar bombing Wednesday of a large Mariupol theater where more than 1,000 people were apparently hiding. As in the attack on the theater, officials said there appeared to be people trapped under the debris at the school. “It is known that the building was demolished and there are still peaceful people under the rubble,” the Mariupol city council said on Telegram. Zelensky said Sunday that Moscow’s relentless assault on the city “will go down in history” as a war crime. “The terror the occupiers did to the peaceful city will be remembered for centuries to come,” Zelensky said in his daily address, marking the 25th day since Russia invaded Ukraine. “And the more Ukrainians tell the world about it, the more support we find.” Despite reports of widespread destruction in Mariupol, there were growing signs that Moscow’s apparent hopes for a quick war and rapid Ukrainian capitulation have faded against unexpectedly fierce resistance and what many call miscalculations and missteps by Russian military planners. In a new assessment of the war in Ukraine, the Washington-based Institute for the Study of War said that the protracted siege on Mariupol, while devastating, “is costing the Russian military time, initiative, and combat power.” It said Russia’s failures to quickly seize control of Kyiv and other major cities have created the conditions for a “bloody stalemate that could last for weeks or months.” The U.K. Ministry of Defense has issued a similar appraisal, saying Russia, after failing to win control of Ukraine’s skies, has adopted a “strategy of attrition” aimed at wearing down Ukrainian forces to the point of collapse. The agency predicted an increase in Russia’s “indiscriminate use of firepower” and warned of civilian casualties, the destruction of key Ukrainian infrastructure and a growing humanitarian crisis. At least 847 civilians have been killed in the war, the United Nations says, although it warns the real toll may be much higher given that many parts of the country remain inaccessible. At least 6.5 million people have been internally displaced, according to U.N., and more than 3.3 million people have fled Ukraine...
How the U.S. and EU Cut Russia Off From the Global Economy
This is extremely fascinating to me. For all the talk of U.S. relative decline, the administration's actions have displayed the brute power of economic sanctions to wield havoc on strategic rivals. The Russians have just begun to hurt.
Shortly before Thanksgiving, Treasury Secretary Janet Yellen met with senior officials in the White House Situation Room to discuss a Russian troop buildup on the border of Ukraine. The meeting included top intelligence advisers, defense officials and diplomats, who concluded Russia might be preparing to invade. Ms. Yellen said she would contact counterparts in Europe and elsewhere to urge them to begin preparations for an economic response, according to people familiar with the meeting, and she started making calls to coordinate after the holiday. That meeting marked the launch of an unprecedented financial sanctions program by the West aimed at a major economy. In the war between Russia and Ukraine that program, along with massive arms shipments, were the front lines of the West’s engagement. It is a strategy designed to steer clear of direct combat between Russia and members of the North Atlantic Treaty Organization while crippling Russia’s economy to ensure that any military victory is pyrrhic. “We’re using economic statecraft to fight for democracy and take on autocracy,” said Mark Gitenstein, U.S. ambassador to the European Union. It remains unclear whether the campaign will achieve its goal of deterring President Vladimir Putin or altering his calculus on the battlefield. So far, Russia’s military progress has been slower than many anticipated and Ukraine’s resistance stronger, but Mr. Putin has shown little interest in de-escalating the crisis. Some observers also note that such sweeping Western measures could cause collateral damage by shocking commodities markets that countries around the globe rely on for energy, metals and food. “The risk now is that these sanctions have a grave impact on the world economy because of their size and the role of the Russian economy in global markets,” said Nicholas Mulder, a historian at Cornell University who studies the history of sanctions. “It is going to be a pretty serious drag on global growth and could lead to recession.” As a shock to the Russian economy, however, the program to cut off Russia’s access to international finance appears to have met with early success even though the U.S. and Europe have continued to allow Russia to collect hundreds of millions of dollars a day in payments for its energy exports to Europe. Many global companies—such as Visa Inc., Mastercard Inc., Exxon Mobil Corp., Microsoft Corp. and McDonald’s Corp. —amplified government efforts to isolate Russia by abandoning or scaling back operations there. Russia’s currency, the ruble, is down 13% since the invasion started on Feb. 24. Russians have lined up to withdraw their savings from the country’s banks and Russian factories have been crippled. Assets held internationally by a host of Russian oligarchs viewed as close to Mr. Putin have been frozen. Russia’s stock market has been closed for weeks. Russia calls the actions aggression. “The United States has unconditionally declared economic war on Russia, and they are waging this war,” Kremlin spokesman Dmitry Peskov said this month. The campaign also took the drastic step of isolating Russia’s central bank by freezing the reserves it holds at central banks around the world—denominated in dollars, euros and other currencies. Those assets help authorities manage the economy and are a resource for Russian companies that do business internationally. As of June 2021, the Russian central bank had 16.4% of its reserves in U.S. dollar assets, 32.3% of its reserves in euro-denominated assets and much else in China, gold and other places. Together, U.S. and EU officials have blocked Russia’s access to nearly half of its global funds. In recent years, the U.S. and Europe at times have been at odds over how far to go in financial deterrents. U.S. and European officials squabbled in the past when the U.S. imposed sanctions on foes such as Iran or North Korea and threatened European companies with repercussions if they didn’t comply. When faced with Russian aggression toward Ukraine, the two sides worked with an unprecedented level of cooperation and scope between Treasury, the White House, the Commerce Department and the European Commission, the EU’s executive branch, according to several of the participants. They brought together elements of other sanctions and measures that among them they have launched in recent years against Iran, North Korea and Venezuela, as well as Russia over its 2014 seizure of Crimea, and Chinese telecommunication-equipment maker Huawei Technologies Co. As the war grinds on, Ms. Yellen has said the West isn’t done seeking out economic responses. The Biden administration has since banned imports of Russian oil into the U.S. and sought to sever normal trade ties with Russia. “The atrocities that they’re committing against civilians seem to be intensifying,” Ms. Yellen said last week in a public forum. “So it’s certainly appropriate for us to be working with our allies to consider further sanctions.” After the pre-Thanksgiving meeting, senior Treasury officials including Ms. Yellen’s deputy, Wally Adeyemo, who oversees the day-to-day sanctions operation at the Treasury Department, and Elizabeth Rosenberg, assistant secretary on terror financing issues, led the coordination effort from Washington. The central point of contact at the White House was Daleep Singh, a former Federal Reserve and Treasury official now at the National Security Council. He in turn was in regular contact with Björn Seibert, a former German defense official who serves as head of cabinet to European Commission President Ursula von der Leyen, coordinating EU policies. Messrs. Singh and Seibert began talking about sanctions in December. Among the hurdles: Each element could blow back differently on the U.S. and the EU’s 27 national economies. The two focused on sanctioning Russia’s government-owned banks and imposing export controls, which would cut off Russian businesses from global suppliers. For that, U.S. officials turned to the Foreign Direct Product Rule, a regulation they read as enabling Washington to block exports to Russia of potentially any product, including foreign goods made using U.S. equipment, software or blueprints. The rule has enabled the U.S. to hobble Huawei. Many EU officials were hesitant, according to people involved in the talks. The EU exported about $100 billion of goods to Russia last year, while the U.S. exported directly less than $10 billion...
Still more.
Subscribe to:
Posts (Atom)
