Connect with us

News

News24.com | Russia Is Facing Numerous Sanctions – but Is This Likely to Stop the Invasion of Ukraine?

Avatar

Published

on

Demonstrators seen at the Lincoln Memorial calling for the US to take action amid the Russia-Ukraine tensions.

Kenny Holston/Getty Images

Russia has been facing numerous sanctions from other countries because of its invasion of Ukraine. However, an expert in economic warfare believes this is unlikely to stop Russia.Gary Hufbauer has argued that economic sanctions tend only to work against smaller countries.

Western sanctions on Russia will have a significant impact on the economy, but are unlikely to stop its assault on Ukraine, an expert on economic warfare says.

Gary Hufbauer, a researcher at Washington’s Peterson Institute for International Economics, has studied 100 cases of sanctions being used over the past century, from World War I to Iraq.

“The success rate in terms of achieving the foreign policy objective was less than a third of the cases,” said the author of “Economic Sanctions Reconsidered”.

“Most of the countries where there was success were smaller countries, weaker countries, not so much bigger countries as in the case of Russia,” Hufbauer said in an interview.

Economic pressure worked against countries like Panama, Peru or Sierra Leone, and helped topple dictators in some mid-sized countries like Brazil and South Korea.

READ | SA ambassador safe after fleeing Kyiv

They were also “made a contribution” to the end of the racist apartheid regime in South Africa, he said.

But Washington’s sanctions failed to prevent Pakistan from obtaining nuclear weapons.

And while US sanctions on China over the Korean war in the 1950s were economically and militarily painful, “China persisted” in supporting the North Koreans – as did the Soviet Union.

The one time Moscow did withdraw, from Afghanistan in the 1980s, “was not so much because of the sanctions” but due to US arming of Afghans, the loss of Russian forces and political turmoil at home, Hufbauer said.

‘Autocrat of autocrats’

“Sanctions do hurt economically, for sure, but hurting a country and its economy is not the same as changing the view of its political leaders,” Hufbauer said.

This was particularly the case for leaders with strong personal power, such as Russian President Vladimir Putin, who Hufbauer dubbed “the autocrat of autocrats”.

“Once you get a major country like Russia invading another country, it’s very difficult to get the leader of the aggressing country to change his mind,” he said, since it would be “a very big setback to him personally”.

READ | The Russian rouble is now worth less than 1 cent

Hufbauer recognised that the new sanctions on Russia were of “unprecedented strength”.

The US and Western allies have sought to cripple Russia’s banking sector and currency by cutting select banks from the SWIFT messaging system, rendering them isolated from the rest of the world, and prohibiting transactions with the central bank in Moscow.

This could reduce Russia’s income by as much as 10 percent – a “very big hit” – but this was unlikely to force a ceasefire.

“There is no real precedent for that,” Hufbauer said.

That is certainly the line from the Kremlin.

Spokesman Dmitry Peskov told journalists on Monday: “The Western sanctions on Russia are hard, but our country has the necessary potential to compensate the damage”.

We live in a world where facts and fiction get blurred

In times of uncertainty you need journalism you can
trust. For only R75 per month, you have access to
a world of in-depth analyses, investigative journalism,
top opinions and a range of features. Journalism
strengthens democracy. Invest in the future today.

Subscribe to News24

Read More

Original Article: news24.com

News

News24.com | Thousands Protest in Madrid Against NATO Summit

Avatar

Published

on


A crowd demonstrates against NATO.

Photo by Oscar Gonzalez/NurPhoto

Carrying the hammer and sickle flags of the former Soviet Union, thousands protested in Madrid on Sunday against a NATO summit which will take place in the Spanish capital next week.

Amid tight security, leaders of the member countries will meet in Madrid between 29-30 June as the organisation faces the unprecedented challenge of the Russian invasion of Ukraine.

NATO is expected to consider the bid, opposed by alliance-member Turkey, for Finland and Sweden to join.

The Nordic nations applied in the wake of the Russian assault on Ukraine. Russian President Vladimir Putin calls the war a special military operation he says in part responds to the accession to NATO of other countries near post-Soviet Russia’s borders since the 1990s.

READ | Biden said Putin’s goal of weakening NATO by invading Ukraine backfired spectacularly

“Tanks yes, but of beer with tapas,” sang demonstrators, who claimed an increase in defence spending in Europe urged by NATO was a threat to peace.

“I am fed up (with) this business of arms and killing people. The solution they propose is more arms and wars and we always pay for it. So, no NATO, no (army) bases, let the Americans go and leave us alone without wars and weapons,” said Concha Hoyos, a retired Madrid resident, told Reuters.

Another protester, Jaled, 29, said NATO was not the solution to the war in Ukraine.

Organisers claimed 5,000 people joined the march, but authorities in Madrid put the number at 2 200.

READ | Pandor says Finland’s bid to join NATO indicates a decline in international security

Spain’s Foreign Minister Jose Manuel Albares said in a newspaper interview published on Sunday that the summit would also focus on the threat from Europe’s southern flank in Africa, in which he said Russia posed a threat to Europe.

“The foreign ministers’ dinner on the 29th will be centred on the southern flank,” he told El Pais newspaper.

We live in a world where facts and fiction get blurred

In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won’t be billed. 

Subscribe to News24

Read More

Source: news24.com

Continue Reading

News

News24.com | Turkey Police Break up Istanbul Pride March, Detain Dozens: AFP

Avatar

Published

on


File image.

Hakan Akgun/dia images

Turkish police on Sunday forcibly intervened in a Pride march in Istanbul, detaining dozens of demonstrators and an AFP photographer, AFP journalists on the ground said.

The governor’s office had banned the march around Taksim square in the heart of Istanbul but protesters gathered nearby under heavy police presence earlier than scheduled.

Police detained protesters, loading them into buses. AFP journalists saw two buses of people who had been held, including AFP’s chief photographer Bulent Kilic, who had been handcuffed from the back.

Kilic, who was also detained last year during the Pride march, is currently in police custody.

Hundreds of protesters carrying rainbow flags pressed ahead with the rally in defiance of police.

Although homosexuality has been legal throughout the period of the modern Turkish republic, LGBTQ individuals point to regular harassment and abuse.

Istanbul Pride has taken place every year since 2003.

The last march which took place without a ban – in 2014 – drew tens of thousands of participants in one of the biggest LGBTQ events in the majority Muslim region.

We live in a world where facts and fiction get blurred

In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won’t be billed. 

Subscribe to News24

Read More

Original Source: news24.com

Continue Reading

News

News24.com | NASA Blasts Off From Australian Outback in ‘historic’ Launch

Avatar

Published

on

NASA’s first-ever launch from a commercial site outside of the United States blasted off from Australia’s Outback late Sunday, in a “historic” moment for the country’s space industry.

In the first of three planned launches from the Arnhem Space Centre, the rocket, carrying technology likened to a “mini Hubble” telescope, lifted off — blasted about 350 kilometres (218 miles) into the night sky.

“It is a momentous occasion for us as a company in particular, but it’s historic for Australia,” Equatorial Launch Australia CEO Michael Jones told AFP ahead of the lift-off.

Jones, whose company owns and operates the launch site in the far north of Australia, described it as a “coming out” party for the country’s space industry and said the chance to work with NASA was a milestone for commercial space firms in the country.

After a series of rain and wind delays, the suborbital sounding rocket soared into the sky to study x-rays emanating from the Alpha Centauri A and B systems.

After reaching its apogee, the rocket’s payload was to capture data on the star systems before parachuting back to earth.

READ | NASA is slowly powering down the Voyager probes. Here are 18 photos from its 45-year mission.

According to NASA, the launch offers a unique glimpse of the distant systems and unlocked fresh possibilities for scientists.

“We’re excited to be able to launch important science missions from the Southern Hemisphere and see targets that we can’t from the United States,” Nicky Fox, NASA’s Heliophysics Division director in Washington, said on announcing the mission.

Jones said the unique location had made preparations hard, with years of work to get regulatory approval and the need to haul rockets on barges to the launch site – about 28 hours drive from Darwin in northern Australia.

“I think for the team, it’s gonna be, you know, a huge relief that it’s done,” he said.

READ | ‘Giant leap forward’ – South Korea space rocket launch puts satellites in orbit

But with the next launch already looming on July 4, the break would be short-lived.

“We need to, you know, dust ourselves off, take a day off and then get back into it in readiness for the next launch because it’s just as important.”

It is the first NASA rocket to launch from Australia since 1995, and the project was hailed as the start of a “new era” for the country’s space industry by Prime Minister Anthony Albanese.

We live in a world where facts and fiction get blurred

In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won’t be billed. 

Subscribe to News24

Read More

Source Here: news24.com

Continue Reading

Trending

AltusNews.com