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Russia Warns West Risks “Hot War” After Mass Expulsion Of Diplomats

After a legion of western nations announced this week that they would expel Russian diplomats in solidarity with the UK, one Russian ambassador warned during an impromptu unscripted speech that, by hastily blaming Moscow for the poisoning of a former Russian spy at a shopping center in Salisbury, the West was risking a return to the Cold War. A second Russian ambassador took the warning a step further, and claimed the West has inadvertently risked a “hot war” with Russia.

So far, 23 countries have expelled over 130 Russian diplomats since the UK pointed the finger at Russia, accusing it of organizing an assassination plot that involved poisoning former Russian spy Sergei Skripal with a Soviet-era nerve agent called Novichok.

The UK demanded that Russia explain how the nerve agent came to be used in the attack, if it wasn’t ordered by senior officials in the Russian government, per Newsweek.

Grigory Logvinov

Russia responded by demanding a sample of the chemical used, and offered to assist the UK in its investigation, but has been rebuffed. Meanwhile, the UK media reports say Skripal and his daughter Yulia Skripal may never fully recover from the attack.

Amid the escalating noise, Russia’s ambassador to Australia said on Wednesday that the world will enter into a “Cold War situation” should the West continue its “biased” attacks on Russia, according to Reuters.

“The West must understand that the anti-Russian campaign has no future,” Russian Ambassador Grigory Logvinov told reporters in Canberra.

“If it continues, we will be deeply in a Cold War situation.”

Australia said Tuesday it would expel two Russian diplomats, inspiring Logvinov to make his address warning of the dangers of deteriorating relations between Russia and its partners. So far, countries have at least stopped short of adding to the sanctions against Russia that were imposed following the annexation of Crimea.

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The New Global Financial Cold War

The New Global Financial Cold War

The Guns and Butter Interview

Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’ That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.

Dr. Michael Hudson.  is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super Imperialism is a critique of how the United States exploited foreign economies through the IMF and World Bank. His latest book is Killing the Host: How Financial Parasites and Debt Destroy the Global Economy. Today we discuss his article, “The IMF Changes Its Rules to Isolate China and Russia.”

Bonnie Faulkner: Michael Hudson, welcome. It’s been far too long since we’ve last spoken.

Michael Hudson: Well, it’s good to be back. Last time we were together was in Italy.

Bonnie Faulkner: That’s right, Rimini, Italy. What year was that?

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