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St. Petersburg International Economic Forum (SPIEF) 2024: Marking the Rise of the Global South Century and Decline of Western Economies

St. Petersburg International Economic Forum (SPIEF) 2024: Marking the Rise of the Global South Century and Decline of Western Economies

This year, SPIEF’s theme was “The Foundations of a Multipolar World – The Formation of New Areas of Growth.”

The St. Petersburg International Economic Forum, an annual event bringing together global leaders, policymakers, and influential business figures, took place in St. Petersburg, Russia from June 5th to 8th, 2024. Attendees representing 130 countries and roughly 3 billion people worldwide attended. This year, SPIEF’s theme was “The Foundations of a Multipolar World – The Formation of New Areas of Growth.”

Foreign companies are eager to access the Russian market’s potential, despite Western sanctions aimed at isolating Moscow.

Deals involve firms from Europe, Asia, and the Middle East, suggesting a pragmatic approach prioritizing commercial interests over politics and avoiding missed opportunities in Russia. The diversity of participants indicates many businesses recognize the risks of being left out of this lucrative market.

What should be a wakeup call for the global West is instead falling on deaf ears. While Washington and European capitals report declining economies, Russia, in spite of severe sanctions, continues to adapt and flourish.

Policymakers are not testing their countries’ long-term economic policies against the implications of the rise of multipolarism. Let’s consider the Green/degrowth policies favored by the Biden administration and former European economic powerhouses like Germany. They are not protecting the future of their people. 

SPIEF 2024 introduced concepts the Global South Century will move forward on driving the world economy while the American and European economies recede. Russia is positioning itself as a leader.

What Is the Global South?

Take the 3.5 billion population of China, India, and the ASEAN countries, for example.

In 2000, only 150 million of these people enjoyed middle-class living standards. Today, the number has exploded to around 1.5 billion, double the total population of Western countries. And it is predicted to grow to 3 billion by 2030.”

…click on the above link to read the rest of the article…

Is a New Cuban Missile Crisis Brewing Over Ukraine? Dangers of Nuclear War. John J. Mearsheimer

Will the U.S. be involved with negotiating with the Russians to bring peace to Ukraine, as did Kennedy in the 1962 Cuban Missile Crisis?

On June 12, three Russian ships and a nuclear-powered submarine arrived in Havana, Cuba. Having crossed the Atlantic, the ships performed maneuvers designed to enhance military capability, and have remained in Cuba through June 17.

Recently, President Vladimir Putin made a threat to supply unspecified countries with weapons capable of striking Kiev’s Western allies.

The Kazan nuclear-powered submarine is capable of firing Kalibr cruise missiles, which have a range of up to 2,500 kilometers and can be equipped with nuclear warheads. Along for the ride are the Frigate Admiral Gorshkov, which is carrying new hypersonic Zircon missiles that are nuclear-capable, the Akademik Pashin refueling tanker, and Nikolay Chiker tugboat.

Russian President Vladimir Putin has portrayed Zircon as a potent weapon capable of penetrating any existing antimissile defenses by flying nine times faster than the speed of sound at a range of more than 1,000km (more than 620 miles).
While the visit to Cuba is not seen as a military threat to the U.S., and none of the vessels carry a nuclear war-head, it has brought back memories of the 1962 Cuban Missile Crisis involving the U.S. and Russia in Cuba.

Cuba is Russia’s most important partner in the Western Hemisphere from a geopolitical point of view, and both are critical of the U.S. sanctions imposed on each other, and the enlargement of NATO. Havana also backed Russia’s right to “self-defense” against NATO following its 2022 military operation in Ukraine.

In 1959, an uprising called the “26th of July Movement” led to the communist rule under the leadership of Fidel Castro in Cuba.

…click on the above link to read the rest of the article…

Up to Half a Million NATO Soldiers Waiting to Enter Ukraine. “Offensive Oriented”, Preparing for “A Large Confrontation”.

When Russia launched its special military operation (SMO) on February 24, 2022, it became the active part of the Kremlin’s strategic counteroffensive against crawling NATO aggression.

At the time, President Vladimir Putin made it clear that anyone foolish enough to get directly involved would be met with consequences they’ve never experienced in their entire history. And indeed, nobody dared to get into a direct confrontation with Moscow. This forced the political West to find workarounds in order to provide indirect support for its favorite Neo-Nazi puppets. However, what started out with batches of ATGMs (anti-tank guided missiles) and MANPADS (man-portable air defense systems) ended up with heavy armor and even nuclear-capable fighter jets. In other words, NATO keeps probing Russia, testing its patience and willingness not to escalate the already highly volatile situation.

And yet, in recent months, the world’s most aggressive racketeering cartel has become more brazen than ever before. Its advanced ISR (intelligence, surveillance, reconnaissance) systems are being actively used for target acquisition and guidance of Western weapons delivered to the Kiev regime forces.

Luckily, through the use of its advanced SAM (surface-to-air missile) systems and world-class electronic warfare (EW), Russia is able to negate most of the advantages that the Neo-Nazi junta is getting in this way.

All this is making NATO leaders quite nervous, as they believe that Russia’s victory would have disastrous consequences for the collective West’s geopolitical standing. This is going so far that the mainstream propaganda machine is now openly advocating for NATO and Neo-Nazi junta-sponsored terrorist attacks across Russia (public schools included).

…click on the above link to read the rest of the article…

Kiev’s Plan to Store F-16s in NATO States Raises the Risk of World War III

It can’t be ruled out that Zelensky might task one of his pilots with carrying out a mission directly from NATO territory without first stopping at a Kiev-controlled airfield in order to provoke Russia into striking the base from which it departed in self-defense.

Ukrainian Air Force head of aviation Sergey Golubtsov told US state-run Radio Free Europe/Radio Liberty in an interview over the weekend that Kiev plans to store some of its F-16s in NATO states for reserve and training purposes. While this might sound like a pragmatic policy, particularly since it would deter Russia from destroying its entire fleet since President Putin recently mocked speculation about him plotting to attack NATO as “bullshit”, it actually raises the risk of World War III.

To explain, although US Air Force chief Frank Kendell claimed last summer that the F-16s are “not going to be a game-changer” for Ukraine and Golubtsov himself confirmed in his latest interview that they’re “not a panacea and we do not wear rose-colored glasses”, both downplay the nuclear dimension. President Putin brought it up earlier this spring when he noted that “F-16 aircraft can also carry nuclear weapons, and we will also have to heed this while organising our combat operations.”

The Russian leader also warned that “we would see them as legitimate targets if they operate from the airfields of third countries, no matter where they are located.” Mutual mistrust between Russia and the US is at a record low and continues falling by the week, made all the worse by Ukraine’s recent attack(s) against Russia’s early nuclear warning systems that might have been tacitly approved by America. This comes as the US is playing a dangerous game of nuclear chicken with Russia.

…click on the above link to read the rest of the article…

The Cautious US Escalation Against Russia Is Developing Not Necessarily to US Advantage

The Cautious US Escalation Against Russia Is Developing Not Necessarily to US Advantage

The feebleness of the US response to a Russian incursion into Kharviv, which was to prevent further strikes on civilian targets in the border city of Belgorod, and the quick Russian counter-moves, confirms how the Collective West has no good options, even if its leaders can’t yet admit that to themselves and come up with better alternatives than punching into air or a wall, as the case may be. Obama warned that Russia would have escalatory dominance with respect to Ukraine, and we are seeing that play out now.

The short version of what follows is that the Biden Administration may have made a tiny gain against its big objective of not losing in Ukraine before the November election, since Russia may slightly delay an expected next move, of entering Sumy oblast. An advance into Sumy would further lengthen the line of contact, increase the degree of over-extension of Ukraine forces, and thus accelerate the process of attrition, which is Russia’s big goal. But even if the US policy change did produce this effect (and since none of us have Russian plans, we can’t know if any change occurred), it is coming at considerable geopolitical cost, that of Putin suggesting, and deputy chair of the Russian Security Council Dmitry Medvedev confirming, that Russia will arm third countries in conflicts with the United States.

To recap the recent state of play: earlier this week, the US described a policy change regarding the use of US weapons by Ukraine On a superficial level it seemed simply to give permission for what Ukraine had been doing already, as in using Western (here US) missiles to hit Russian territory, as in pre-the-2014-dispute Russia.

…click on the above link to read the rest of the article…

Kiev’s Plan To Store F-16s In NATO States Raises The Risk Of World War III

Kiev’s Plan To Store F-16s In NATO States Raises The Risk Of World War III

It can’t be ruled out that Zelensky might task one of his pilots with carrying out a mission directly from NATO territory without first stopping at a Kiev-controlled airfield in order to provoke Russia into striking the base from which it departed in self-defense.

Ukrainian Air Force head of aviation Sergey Golubtsov told US state-run Radio Free Europe/Radio Liberty in an interview over the weekend that Kiev plans to store some of its F-16s in NATO states for reserve and training purposes. While this might sound like a pragmatic policy, particularly since it would deter Russia from destroying its entire fleet since President Putin recently mocked speculation about him plotting to attack NATO as “bullshit”, it actually raises the risk of World War III.

To explain, although US Air Force chief Frank Kendell claimed last summer that the F-16s are “not going to be a game-changer” for Ukraine and Golubtsov himself confirmed in his latest interview that they’re “not a panacea and we do not wear rose-colored glasses”, both downplay the nuclear dimension. President Putin brought it up earlier this spring when he noted that “F-16 aircraft can also carry nuclear weapons, and we will also have to heed this while organising our combat operations.”

The Russian leader also warned that “we would see them as legitimate targets if they operate from the airfields of third countries, no matter where they are located.” Mutual mistrust between Russia and the US is at a record high and continues rising by the week, made all the worse by Ukraine’s recent attack(s) against Russia’s early nuclear warning systems that might have been tacitly approved by America. This comes as the US is playing a dangerous game of nuclear chicken with Russia.

…click on the above link to read the rest of the article…

Russia’s Oil and Gas Revenues Surged by 73.5% in January-May

Russia’s Oil and Gas Revenues Surged by 73.5% in January-May

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday.

Between January and May 2024, the revenues for the Russian federal budget from oil and gas hit $55.7 billion (4.95 trillion Russian rubles), per the data reported by Russian news agency TASS.

“In line with parameters of the socioeconomic outlook, a steady surplus of oil and gas revenues above their base level is also expected in months to come,” TASS quoted a statement from the ministry as saying.

Non-oil and gas revenues also rose, by 34% in January-May 2024 compared to the same period last year.

Russian oil revenues have been rising in recent months compared to the year-ago levels as Moscow is increasingly finding ways to circumvent sanctions and find buyers willing to risk purchasing its crude and refined petroleum products.

In April 2024, for example, Russia’s oil and gas revenues hit $13.5 billion (1.23 trillion Russian rubles), Russian finance ministry data showed in early May. The Kremlin received nearly double the oil income for the budget than it did in the same month of 2023.

The weaker Russian ruble and the higher price of Russia’s flagship Urals crude amid higher international oil prices contributed to higher revenues from oil-related taxes and from all total oil and gas sales, according to estimates by Bloomberg.

The doubled revenues from oil for Russia highlight the difficulties of the Western countries to reduce Putin’s income from oil, despite the price cap on Russia’s oil and the ramp-up of the sanctions enforcement in recent months.

Then in May 2024, Russia’s oil proceeds increased by almost 50% from a year ago, as Moscow continues to manage to circumvent sanctions and get a higher price for its crude.

Seriously… Governments around the world are telling citizens to prepare for war

Seriously… Governments around the world are telling citizens to prepare for war

You don’t need a high-tech mountain bunker to get ready for a potential crisis. The time to start is now.

We may be closer to World War 3 than at any other time in history. At least that’s what many political commentators are warning.

President Biden’s recent authorization of the use of American weapons to strike inside Russia, Russia’s possible ICBM installations in MexicoIran’s continued stockpiling of enriched uranium, and North Korea’s recent launch of military reconnaissance satellites are just a few examples. For the first time in decades, the threat of nuclear war is being discussed more seriously — and more openly.

Across Europe, countries are making plans to get their populations ready for conflict. Last week, Germany updated its ‘Framework Directive on Comprehensive Defence’ — a 67-page plan outlining the measures the country would take during a military conflict. The document was originally adopted in 1989, but the new update notes that Germany’s security policy environment has changed fundamentally since then, and that “Russia’s war of aggression against Ukraine” has put Germany under military threat for the first time in decades.

As CNN reported, this new plan of action notes that Germany would reinstate mandatory conscription into the army and demand that skilled laborers aged over 18 work certain jobs, “including in bakeries and post offices – as well as being prevented from quitting their jobs. Doctors, psychologists, nurses, and vets may also be repurposed in military and civil service roles.”

Rationing would also be brought in. In the event of dwindling food supplies, the government would stockpile food to provide citizens with “one hot meal a day” for an undisclosed period of time, according to the document. Federal reserves would include foods like rice, pulses and condensed milk.

…click on the above link to read the rest fo the article…

Putin warns West over Ukraine armaments, nuclear arsenal

Putin warns West over Ukraine armaments, nuclear arsenal

Russian president reiterates in news conference that attacking NATO countries is a ‘crazy’ idea but warns against Ukraine interference.

Russian President Vladimir Putin has warned that his country would not rule out using nuclear weapons if its sovereignty or territory were threatened.

On Wednesday, Putin met in person with senior editors from international news agencies for the first time since Russia launched its full-scale invasion of Ukraine in 2022.

He answered questions ranging from the threat of nuclear war to possible repercussions for countries that support Ukraine’s efforts to launch attacks within Russian territory.

When asked about the prospect of using Russia’s nuclear arsenal, the president said it was not out of the question.

“For some reason, the West believes that Russia will never use it,” Putin responded, pointing towards the country’s 2020 nuclear doctrine.

It authorises the Russian government to consider nuclear options if a weapon of mass destruction is used against the country or if “the very existence of the state is put under threat”.

“We have a nuclear doctrine. Look what it says. If someone’s actions threaten our sovereignty and territorial integrity, we consider it possible for us to use all means at our disposal. This should not be taken lightly, superficially.”

Attack on NATO ‘rubbish’

Putin also took the opportunity once again to brush aside fears that Russia could attack countries in the North Atlantic Treaty Organization (NATO).

“You should not make Russia out to be the enemy. You’re only hurting yourself with this, you know?” Putin said at the news conference.

Article 5 of the treaty establishes that an attack against one country in the organisation is considered an attack against all members.

Putin has repeatedly dismissed the idea of launching an attack on NATO, despite tensions with its member states.

…click on the above link to read the rest of the article…

Putin Calls ‘Bulls**t’ On ‘Plans’ To Attack NATO, Says He’s Not Brandishing Nuclear Arms

Putin Calls ‘Bulls**t’ On ‘Plans’ To Attack NATO, Says He’s Not Brandishing Nuclear Arms

President Vladimir Putin has continued to address some trends out of the West related to Ukraine… and specifically the way European and US leaders have reacted to the recent escalation in Kharkiv oblast and in the east. Officials in the UK, Germany, and France have of late signaled to their populations that Europe must be ‘war ready’ and on a war footing.

Some have even claimed that Russia is readying to attack NATO countries and that it seeks to expand the conflict beyond Ukraine. For example, on Wednesday German Defense Minister Boris Pistorius claimed that “Putin won’t stop at Ukraine’s borders Russia is a threat to Georgia, Moldova & ultimately to NATO.”

He claimed in an address before German parliament: “Putin’s war economy is working towards another conflict. We must be ready for war by 2029.”

On Friday during a lengthy, wide-ranging discussion panel at the St. Petersburg International Economic Forum (SPIEF), Putin responded to these statements which say he’s looking to attack a NATO country.

“Look, someone has imagined that Russia wants to attack NATO. Have you gone completely insane? Are you as thick as a plank? Who came up with this nonsense, this bulls**t? Putin said, as translated by Russian media.

Image via Atlantic Council

He then explained that Western officials need to keep up the hype and false optimism surrounding their support to Kiev, in order to keep up sentiment among Western populations:

“Why is this being done, really? To maintain their own position of greatness, that’s why. There’s nothing to these scary stories, intended for the townsfolk in Germany and France and elsewhere in Europe,” Putin explained. “In Ukraine, we’re just protecting ourselves.”

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Russian Warships Steam For Caribbean As Ukraine Tensions Go Global

Russian Warships Steam For Caribbean As Ukraine Tensions Go Global

In a show of force perhaps prompted by President Biden’s authorization of Ukrainian strikes inside Russia using US weapons, a group of Russian warships is en route to the Caribbean, a senior US official has told McClatchy and the Miami Herald. White House officials alerted members of Congress to the Russian move on Wednesday.

The deployment signals Russia’s capacity to operate globally while still fully engaged its third year of war in Ukraine. “This is about Russia showing they are still capable of some level of naval power projection,” the official said. “We should expect more of this activity going forward.” In March, Ukraine claimed it had either sunk or disabled a full third of Russia’s ships in the Black Sea.

Plagued by constant breakdowns, Russia’s only aircraft carrier, the Admiral Kuznetsov, has been out of service for seven years (Norwegian Royal Air Force photo)

CBS News reports that long-range Russian bombers will rendezvous with the ships for combined naval and air maneuvers. Such exercises are not without precedent: Russia conducted similar combined-arms Caribbean maneuvers in 2019, and had a streak of sending ships into the Western Hemisphere at least annually from 2013 to 2020. Following the summer exercises, Russia is expected to engage in a worldwide naval exercise this fall, sources tell CBS.

The Pentagon is tracking a “handful” of ships and support craft that are expected to reach Caribbean waters in the upcoming weeks. US analysts speculate that the flotilla will make port calls in both Cuba and Venezuela. Cuba’s likely relishes the opportunity to host the Russian warships: Last year’s docking of a US nuclear submarine at Guantanamo Bay Naval Base ruffled feathers in Havana, with the Cuban government calling it a “provocative escalation.”

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False Flag On The Horizon? The Strange Case Of The Destroyed Russian Nuclear Radar

False Flag On The Horizon? The Strange Case Of The Destroyed Russian Nuclear Radar

If we accept the fundamental truth that Ukraine is nothing more than a proxy battleground between Russia and the west, then you might say WWIII has already begun. The powers-that-be have been content to keep the situation contained primarily to Ukraine so far, but a recent event suggests things are about to change. There’s something very strange happening on the nuclear front between NATO and Russia and I believe it might be time to consider the possibility that a false flag threat is in the works.

In the past two weeks Ukraine has taken credit for at least two separate strikes on peculiar targets – Russian “over the horizon” radar stations using drones with an impressive flight range of at least 1200 miles. Until this point, long range attacks into Russian territory have been exceedingly rare. So, why these specifics radar stations?

The Voronezh-DM stations were positioned outside the city of Orsk and the region of Krasnodar (Armavir); far away from the front lines in Ukraine. The strikes are being hailed as the furthest Ukraine has attacked into the heart of Russia, but the corporate media has ignored the wider implications of the situation.

It is likely that the drones used were of US or European origin. NATO has (until the past couple of days) enforced tight restrictions on how their weapons can be used by Ukraine. Long range drones and cruise missiles hitting targets deep in Russia invites major blowback, including the threat of a nuclear response.

That said, it’s not so much the weapons used that concerns me, it’s the specific targets that Ukraine supposedly chose.

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Pepe Escobar: The West is Hell-Bent on Provoking Russia Into Hot War

Pepe Escobar: The West is Hell-Bent on Provoking Russia Into Hot War

A serviceman of the Tsentr Battlegroup of Russian Armed Forces perfects his skills in firing Kornet anti-tank missile system. - Sputnik International, 1920, 30.05.2024
The warning by President Putin could not be starker: “In the event of the use of long-range weapons, the Russian Armed Forces will again have to make decisions about expanding the sanitary zone further (…) Do they want global conflict? It seemed they wanted to negotiate [with us], but we don’t see much desire to do this.”
Kremlin spokesman Dmitry Peskov then came up with the appropriate metaphor to designate NATO’s ramped-up military outbursts: not only NATO is raising the degree of escalation but delving into a warlike “ecstasy”.
It does not get more serious than that. “They”, as Putin alluded to, do seem to want “global conflict”. That’s at the heart of NATO’s new suicidal “ecstasy” strategy.
For all their circumlocutions, NATO Secretary Jens Stoltenberg, French President Emmanuel Macron, and German Chancellor Olaf Scholz have effectively greenlighted Kiev using Western weapons for attacks deep inside the Russian Federation. The alleged debate, still ongoing, is just a “smokescreen” for the real objective: a pretext that could lead to WWIII.
There’s no reason to think Kiev will stick to “limited” strikes against relatively unimportant targets. Instead, it is likely to target critical security infrastructure in hopes of provoking an unrelenting Russian response, which in turn would pave the way for NATO to invoke Article 5 and de facto engage in a Hot War.

Already on the Edge of Doom

The escalation “ecstasy” defined by Peskov went out of control since a – secret – new batch of ATACMS was dispatched to Kiev earlier this year, complemented with longer-range ATACMS. Kiev has been using them for serious hits on Russian air bases and key air defense nodes. These ATACMS fire missiles at Mach 3 speed: a serious challenge even for the best Russian air defense systems.
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Ukraine Confirms France Will Send Military Trainers To Its Soil

Ukraine Confirms France Will Send Military Trainers To Its Soil

Ukraine’s military says it is ‘welcoming’ French trainers in Ukraine, in new remarks which strongly suggest that for the first time France is deploying its troops to Ukraine soil. This marks the beginning of major ‘boots on the ground’ escalation in a formal, public capacity by a NATO state.

“Ukraine’s top commander said on Monday he had signed paperwork allowing French military instructors to visit Ukrainian training centers soon,” Reuters reported Monday, referencing head of the armed forces Col. Gen. Oleksandr Syrskyi.

“I am pleased to welcome France’s initiative to send instructors to Ukraine to train Ukrainian servicemen,” Syrskyi said following video link talks with French defense minister Sebastien Lecornu.

French military illustrative file image

“I have already signed the documents that will enable the first French instructors to visit our training centers shortly and familiarize themselves with their infrastructure and personnel,” he followed with, strongly suggesting the plan is a done deal but may not have been initiated yet.

Syrskyi suggested that France’s commitment and being out front on the “ambitious project” to train Ukrainian forces inside the country would encourage other allies to join the initiative. This follows French President Emmanuel Macron raising the idea repeatedly over the last months of placing Western boots on the ground in Ukraine. He said nothing should be ruled out.

France’s Defence Ministry said told Reuters, “As already mentioned several times, training on Ukrainian soil is one of the projects discussed since the conference on support for Ukraine convened by the President of the Republic on February 26.” This is in reference to the date on which Macron first voiced support for such a plan before a Paris security conference involving defense representatives from around the world.

…click on the above link to read the rest of the article…

NATO Country Says Goal Should Be Breakup Of The Russian Federation

NATO Country Says Goal Should Be Breakup Of The Russian Federation

Last week, Russian media took note of the latest provocative statements by Estonia’s Prime Minister Kaja Kallas. She has led Russia’s tiny Baltic neighbor into a firm hawkish anti-Moscow position. The country was part of the wave of eastern European nations to join NATO in the mid-2000s during the Bush era.

She’s calling for the breakup of the Russian Federation. Kallas proposed during a debate in the country’s capital of Tallinn last week that Russia could become much “smaller” as a desired outcome of the Ukraine war.

Russia’s defeat is not a bad thing because then you know there could really be a change in society,” the prime minister told the 17th Lennart Meri Conference, as translated in Russia’s RT.

She said that currently the Russian Federation can actually be seen as making up “many different nations” and that they could be naturally broken into separate states.

“I think if you would have more like small nations… it is not a bad thing if the big power is actually [made] much smaller,” Kallas asserted.

Despite its small size Estonia has been outspoken over the last several months related to the war. For example it recently appeared to back French President Macron’s call for NATO to consider sending Western troops to Ukraine:

The government of Estonia is “seriously” discussing the possibility of sending troops into western Ukraine to take over non-direct combat, “rear” roles from Ukrainian forces in order to free them up to fight on the front, though no decision is imminent, Tallinn’s national security advisor to the president told Breaking Defense.

Of course, these troops would face the possibility of direct attack by Russian aerial forces, even if in the “rear” and far away from front battle lines.

…click on the above link to read the rest of the article…

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