Key developments

Ukrainian President Volodymyr Zelensky on Thursday welcomed the UK government's decision to provide another 1 billion pounds in military support to Ukraine.

Russian President Vladimir Putin and visiting Indonesian President Joko Widodo on Thursday discussed the current situation in Ukraine and the supplies of grain and fertilizers amid a global food shortage.

Ukraine began exporting electricity to Europe on Thursday, Ukrainian Prime Minister Denys Shmyhal said.

13:58 2022-07-01
Ukraine welcomes military support from UK

Ukrainian President Volodymyr Zelensky on Thursday welcomed the UK government's decision to provide another 1 billion pounds (about $1.21 billion) in military support to Ukraine.

"The UK is our true friend and strategic partner," Zelensky tweeted.

09:25 2022-07-01
Ukraine is US' latest neocon disaster
By Jeffrey D. Sachs
The Capitol Hill in Washington DC, the US, December 4, 2019. [Xinhua]

The Ukraine crisis is the culmination of a 30-year project of the American neoconservative movement. The Joe Biden administration is packed with the same neocons who championed the United States' wars of choice in Serbia (1999), Afghanistan (2001), Iraq (2003), Syria (2011) and Libya (2011), and who did so much to provoke Russia regarding Ukraine.

The neocon track record is one of unmitigated disaster, yet President Biden has staffed his team with neocons. As a result, Biden is steering Ukraine, the US and the European Union toward yet another geopolitical debacle. If Europe has any insight, it will separate itself from these US foreign policy debacles.

The neocon movement emerged in the 1970s around a group of public intellectuals, several of whom were influenced by the University of Chicago political scientist Leo Strauss and Yale University classicist Donald Kagan. Neocon leaders included Norman Podhoretz, Irving Kristol, Paul Wolfowitz, Robert Kagan (son of Donald), Frederick Kagan (son of Donald), Victoria Nuland (wife of Robert), Elliott Cohen, Elliott Abrams and Kimberley Allen Kagan (wife of Frederick).

The main message of the neocons is that the US must militarily dominate every region of the world, and must confront rising regional powers that could someday challenge US global or regional dominance, most importantly Russia and China. For this purpose, US military force should be pre-positioned in hundreds of military bases around the world and the US should be prepared to lead wars of choice as necessary.

The United Nations is to be used by the US only when useful for US purposes.

This approach was spelled out first by Paul Wolfowitz in his draft Defense Policy Guidance written for the Department of Defense in 2002 when he was deputy secretary of defense. The draft called for extending the US-led security network to Central and Eastern Europe despite the explicit promise in 1990 by then German foreign minister Hans-Dietrich Genscher that German reunification would not be followed by NATO's eastward enlargement.

Wolfowitz also made the case for US wars of choice, defending America's right to act independently, even alone, in response to crises of concern to the US. According to General Wesley Clark, (ret.), Wolfowitz had already made clear to Clark on May 1991 that the US would lead regime-change operations in Iraq, Syria and other former Soviet ally countries.

The neocons championed NATO expansion into Ukraine even before that became official US policy under former US president George W. Bush in 2008. They viewed Ukraine's NATO membership as key to US regional and global dominance. Robert Kagan, historian and political commentator, spelled out the neocon case for NATO enlargement in April 2006:

The Russians and Chinese see nothing natural in (the "color revolutions" of the former Soviet Union), only Western-backed coups designed to advance Western influence in strategically vital parts of the world. Are they so wrong? Might not the successful liberalization of Ukraine, urged and supported by the Western democracies, be but the prelude to the incorporation of that nation into NATO and the European Union — in short, the expansion of Western liberal hegemony?

Robert Kagan acknowledged the dire implication of NATO's enlargement. He quoted one expert as saying, "the Kremlin is getting ready for the 'battle for Ukraine' in all seriousness". After the disintegration of the Soviet Union, both the US and Russia should have sought a neutral Ukraine, as a prudent buffer and safety valve. Instead, the neocons wanted US "hegemony" while the Russians took up the battle partly in defense and partly out of their own imperial pretentions as well.

Shades of the Crimean War (1853-56), when Britain and France sought to weaken Russia in the Black Sea following Russian pressures on the Ottoman Empire.

Robert Kagan penned the article as a private citizen while his wife Victoria Nuland was the US ambassador to NATO during the George W. Bush administration. Nuland has been a neocon operative par excellence. In addition to serving as Bush's ambassador to NATO, Nuland was former US president Barack Obama's assistant secretary of state for European and Eurasian Affairs during 2013-17, where she participated in the overthrow of Ukraine's pro-Russian president Viktor Yanukovych, and now serves as Biden's undersecretary of state guiding US policy vis-à-vis the Russia-Ukraine conflict.

The neocon outlook is based on an overriding false premise: that the US military, financial, technological and economic superiority enables it to dictate terms in all regions of the world. It is a position of both remarkable hubris and remarkable disdain of evidence.

Since the 1950s, the US has been stymied or defeated in nearly every regional conflict in which it has participated. Yet in the "battle for Ukraine", the neocons were ready to provoke a military confrontation with Russia by expanding NATO over Russia's vehement objections because they fervently believe that Russia will be defeated by US financial sanctions and NATO's weaponry.

The Institute for the Study of War, a neocon think tank led by Kimberley Allen Kagan (and backed by a who's who of defense contractors such as General Dynamics and Raytheon), continues to promise a Ukrainian victory. Regarding Russia's advances, the ISW offered a typical comment:"Regardless of which side holds the city (of Sievierodonetsk), the Russian offensive at the operational and strategic levels will probably have culminated, giving Ukraine the chance to restart its operational-level counteroffensives to push Russian forces back."

The facts on the ground, however, suggest otherwise. The West's economic sanctions have had little adverse impact on Russia, while their "boomerang" effect on the rest of the world has been large.

Moreover, Washington's capacity to resupply Ukraine with ammunition and weaponry is hamstrung by the US' limited production capacity and broken supply chains. Russia's industrial capacity of course dwarfs that of Ukraine's. Russia's GDP was roughly 10 times that of Ukraine before the conflict, and Ukraine has now lost much of its industrial capacity.

The most likely outcome of the current fighting is that Russia will conquer a large swath of Ukraine, perhaps leaving Ukraine landlocked or nearly so. Frustration will rise in Europe and the US with the military losses and the stagflationary consequences of war and sanctions. The knock-on effects could be devastating, if a right-wing demagogue in the US rises to power (or in the case of Donald Trump, returns to power) promising to restore the US' faded military glory through dangerous escalation.

Instead of risking this disaster, the real solution is to end the neocon fantasies of the past 30 years and for Ukraine and Russia to return to the negotiating table, with NATO committing to abandon its goal of eastward expansion to Ukraine and Georgia in return for a viable peace that respects and protects Ukraine's sovereignty and territorial integrity.

The author is an economist, public policy analyst and director of The Center for Sustainable Development at Columbia University, where he holds the title of university professor.

The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at, and

09:20 2022-07-01
Russian, Indonesian presidents discuss Ukraine, food supplies
Russian President Vladimir Putin (R) and Indonesian President Joko Widodo make press statements in the Kremlin on June 30, 2022. [Photo/Kremlin press release]

MOSCOW - Russian President Vladimir Putin and visiting Indonesian President Joko Widodo on Thursday discussed the current situation in Ukraine and the supplies of grain and fertilizers amid a global food shortage.

During a joint briefing after their talks in the Kremlin, Putin said that he informed Widodo in detail of the situation in Ukraine.

Speaking about the imbalance in the global food market, Putin attributed the problem to many years of irresponsible macroeconomic policies in some Western countries.

Russia exported more than 43 million tons of grain last year, of which there were 33 million tons of wheat, Putin said, adding that possible good harvests this year will allow Russia to sell more.

Russia is also ready to deliver a sufficient amount of fertilizers and other materials to Indonesia and other friendly countries, he said.

To this end, Putin stressed the "importance of restoring supply chains disrupted by the sanctions (on Russia)."

Widodo, who paid a visit to Kyiv before traveling to Moscow, underlined the significance of promoting a peaceful settlement of the Ukrainian crisis.

"I conveyed a message from (Ukrainian) President (Volodymyr) Zelensky to President Putin and expressed my readiness to establish communication between the two leaders," he said.

Widodo appreciated that Putin promised the security of food and fertilizer supplies not only from Russia but also from Ukraine.

08:31 2022-07-01
Ukraine begins exporting electricity to Europe
Ukrainian Prime Minister Denys Shmyhal is visible on a screen during the finance ministers and central bank chiefs meeting of the Group of 7 (G7) most industrialized nations in Koenigswinter, near Bonn, Germany May 19, 2022. [Photo/Agencies]

KYIV - Ukraine began exporting electricity to Europe on Thursday, Ukrainian Prime Minister Denys Shmyhal said.

"The long-awaited export of Ukrainian electricity to Europe has begun," Shmyhal wrote on Telegram.

Shmyhal said the first flows of Ukraine's electricity went to Romania at an initial capacity of 100 megawatts.

In the future, Ukraine aims to increase the capacity of electricity flows to Europe to 2.5 gigawatts, he said.

According to Shmyhal, Ukraine has the potential to earn more than 70 billion hryvnyas (about $2.4 billion) per year from electricity exports to European countries.

In March, Ukraine's electricity grid was synchronized with the European Network of Transmission System Operators for Electricity.

07:50 2022-07-01
Russian troops leave Black Sea islet near Ukraine key port
Photo taken on March 3, 2022 shows the view of the port of Odessa, Ukraine. [Photo/Xinhua]

MOSCOW - The Russian armed forces completed their tasks and withdrew from the tiny Snake Island in the Black Sea south of Ukraine's important port city of Odessa on Thursday, the Russian Defense Ministry announced.

In a goodwill gesture, Russia has demonstrated to the international society that there is no obstacle for the United Nations to establish a humanitarian corridor to transport agricultural products from Ukraine, the ministry said in a statement.

Ukraine and some Western countries blame Moscow for the global food shortage, alleging that the Russian forces have impeded the export of Ukrainian grain.

Moscow has repeatedly denied the accusation, criticizing Kyiv for failing to clear the Black Sea coastline, including the harbor waters.

11:23 2022-06-30
Lavrov, Guterres discuss global food security challenges over phone
Photo taken on March 10, 2022 shows the Kremlin in Moscow, Russia. [Photo/Xinhua]

MOSCOW - Russian Foreign Minister Sergei Lavrov addressed global food security issues during a telephone conversation with United Nations Secretary-General Antonio Guterres on Wednesday.

Lavrov talked about the situation in Ukraine, with a particular focus on current issues related to the supply of agricultural products and fertilizers to global markets, the Russian Foreign Ministry said in a statement.

He confirmed that Russia is ready to continue exporting food and fertilizers, despite existing complications, namely the presence of illegal Western sanctions and the disruption of global value chains due to the coronavirus pandemic.

The Russian diplomat reaffirmed Moscow's commitment to continuing further work aimed at reducing the threats of the food crisis in coordination with the United Nations.

09:30 2022-06-30
Ukrainian president urges more defense, financial aid at NATO summit
In this handout picture taken and released by the Ukrainian Presidency Press Office early on March 14, 2022, Ukrainian President Volodymyr Zelensky delivers a video address in Kyiv. [Photo/Agencies]

KYIV - Ukrainian President Volodymyr Zelensky on Wednesday addressed a North Atlantic Treaty Organization (NATO) summit via a video link, urging more defense and financial assistance for Ukraine, the presidential press service reported.

In his speech, Zelensky said that Ukraine needs modern missile and air defense systems to protect its cities, and artillery to stand against Russia on the battlefields.

Financial support for Ukraine is no less important than aid with weapons, Zelensky said, noting that his country needs nearly $5 billion per month for defense and protection.

The Ukrainian leader also called on the NATO member states to continue sanctions against Russia and provide Ukraine with security guarantees.

"We need security guarantees, and you have to find a place for Ukraine in the common security space," Zelensky stressed.

The three-day NATO summit kicked off in Madrid of Spain on June 28.

08:29 2022-06-30
Ukraine, Russia carry out largest prisoner exchange since conflict start
Photo taken on June 2, 2022 shows damaged building and vehicle in Kharkov, Ukraine. [Photo/Xinhua]

KYIV - Ukraine and Russia carried out their largest prisoner exchange since the start of the conflict on Feb 24, the Main Intelligence Directorate of Ukraine's Defense Ministry said Wednesday in a statement on Telegram.

The agency said 144 Ukrainians aged 19 and 65 years returned home as a result of the exchange.

According to the statement, under the swap, Russia released 59 soldiers of the National Guard of Ukraine, including 43 from the Azov regiment which fought for Mariupol's Azovstal steel plant.

Most of the released Ukrainians have severe injuries, it said.

Ukraine and Russia conducted their first prisoner exchange on March 24.

10:21 2022-06-29
G7 looks into Russia oil and gas price caps
Police patrol outside the international media centre during the Group of Seven (G7) summit in Garmisch-Partenkirchen, Germany, June 26, 2022. [Photo/Xinhua]

Leaders of the G7 nations agreed on Tuesday to study ways to impose a price cap on Russian oil and gas in an effort to ease economic pressures that have emerged from the Ukraine conflict.

Ahead of the third and final day of the G7 summit being held in the Bavarian Alps of Germany, an official news release said group members would now seek to reach an agreement with international partners on import price caps and options on how to achieve this.

Concerns of an impending recession induced by rising inflation have overshadowed the summit, and leaders have been debating ways of controlling costs.

The United States wants to tackle the problem with a price cap, which its officials say could be enforced by lifting sanctions on insurance for the cargo ships that transport Russian oil in return for a deal, reported Politico.

With this plan, sanctions would be lifted for nations that agreed only to buy Russian oil at a settled maximum price, generating an incentive to apply the price cap, it said.

France on Monday proposed higher global oil production and pushed for a worldwide price cap instead of only on Russian oil sales, but later backed down, making a deal on a Russian oil price limit possible, Reuters reported.

A deal on a price cap could face challenges in the European Union where sanctions require the consent of all 27 member states, reported the Financial Times.

It quoted a G7 official as saying they were "supportive of the basic structure" of a Russian oil price cap deal, but that "details need to be hammered out".

Revenue sources

Another told the FT that all G7 states agreed with the "basic idea that we have to reduce the sources of revenue for Russian oil".

Western countries, which are seeking to raise pressure on Moscow while also trying to limit damage to their own economies, have voiced increasing frustration that their sanctions on Russian oil have had the effect of forcing up the global crude price.

The International Energy Agency said in its latest monthly report that Russian oil export revenues had climbed despite the embargoes reducing volume, reported Reuters.

EU member states have been struggling to diversify their gas imports in the wake of the conflict in Ukraine. Italy announced measures last week to increase gas storage to overcome deficits in gas supplies from Russia.

Italian Prime Minister Mario Draghi has pushed hard for price caps on Russian oil and pipeline gas at the G7 summit.

"We must avoid the mistakes made after the 2008 crisis: the energy crisis must not produce a return of populism," Draghi was reported to have told the G7.

"We must mitigate the impact of rising energy prices, compensate families and businesses in difficulty, and tax companies that make extraordinary profits."

08:55 2022-06-29
Russian airstrike hits facilities in central Ukraine

MOSCOW/KYIV - The Russian Aerospace Forces launched a "high-precision" airstrike on hangars with armaments and munitions in the Kremenchuk road machinery plant in Ukraine's central Poltava region on Monday, the Russian Defense Ministry said Tuesday.

The attack, targeting weapons delivered by the United States and European countries, was carried out with "high-precision weapons of Russia's aerospace forces and Kalibr missiles," the Russian Defense Ministry said in a statement.

The strike destroyed West-manufactured armaments and munitions set to be delivered to Ukrainian troops in Donbass, it added.

"The detonation of the stored munitions caused a fire in a non-functioning shopping center next to the facilities of the plant," the ministry said.

Ukrainian President Volodymyr Zelensky said on Telegram that the attack hit a local shopping mall with more than 1,000 people inside.

08:32 2022-06-29
Russia legalizes parallel imports amid Western sanctions
An employee wearing a face mask and gloves disinfects samples of cosmetics in a shopping center in Moscow, Russia, on June 2, 2020. [Photo/Xinhua]

MOSCOW -- Russian President Vladimir Putin signed a bill into law on Tuesday legalizing "parallel imports" in the country in a bid to stabilize prices amid Western economic sanctions.

The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, the so-called parallel imports, from possible civil, administrative and criminal liability.

The law authorizes the Russian government to determine the list of goods that are subject to the new legislation.

The legalization of parallel imports is aimed at protecting the Russian economy and citizens in the face of economic sanctions, simplifying trade in the eligible goods and stabilizing their prices, said Vyacheslav Volodin, chairman of Russia's lower parliament house the State Duma.

09:34 2022-06-28
Russia expels 8 Greek diplomats in tit-for-tat move
People walk near the building of the Russian Foreign Ministry in Moscow, March 28, 2022. [Photo/Xinhua]

MOSCOW - Russia has declared eight Greek diplomats "personae non gratae," ordering them to leave the country within eight days, the Russian Foreign Ministry said in a statement on Monday.

Greek Ambassador to Russia Ekaterini Nassika was summoned to the Foreign Ministry in protest over the expulsion of Russian diplomats in Greece and Greece's supply of weapons and military equipment to Ukraine, the statement said.

The measures were taken as a direct response to the hostile actions of the Greek authorities, and Moscow will reserve the right to respond if Athens continues to take such an anti-Russian course, it added.

09:17 2022-06-28
Russia-Ukraine conflict dominates G7 summit
Clockwise from front right: European Commission President Ursula von der Leyen, European Council President Charles MicheI, Italian Prime Minister Mario Draghi, Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz, US President Joe Biden, British Prime Minister Boris Johnson and Japanese Prime Minister Fumio Kishida attend a working dinner on Sunday during the G7 leaders' summit at Bavaria's Schloss Elmau castle in Germany. MARKUS SCHREIBER/AP

G7 leaders addressed on Monday the global economic consequences of the Russia-Ukraine conflict during their meeting in the Bavarian Alps of Germany, as they discussed strategies on how to secure energy supplies and tackle surging inflation.

The wealthy Western nations were set to finalize plans on Tuesday for a price cap on Russian oil, Reuters reported, quoting a senior United States official on the sidelines of the three-day summit, which opened on Sunday.

"The dual objectives of G7 leaders have been to take direct aim at Russia's revenues, particularly through energy, but also to minimize the spillovers and the impact on the G7 economies and the rest of the world," the official said.

The United Kingdom, the US, Canada and Japan on Sunday announced moves to ban imports of Russian gold, which, the BBC reported, is aimed at wealthy Russians who have been buying bullion to reduce the financial impact of Western sanctions.

Western countries have introduced a slew of sanctions aimed at some Russian individuals, banks, businesses and state-owned enterprises since the conflict started in February.

The Kremlin insisted on Monday there were "no grounds" to say that Russia had defaulted on its foreigncurrency sovereign debt as the West pummels Russia with sanctions.

"These claims about default, they are absolutely wrong," Kremlin spokesman Dmitry Peskov told reporters after a key payment deadline expired on Sunday, adding that Russia had settled the debt in May.

Bloomberg News reported earlier on Monday that Russia defaulted on its foreign-currency sovereign debt for the first time in more than a century, after the grace period on some $100 million of interest payments due Sunday had expired.

Russian authorities have accused the West of seeking to drive Moscow into an artificial default, and Finance Minister Anton Siluanov has dismissed the situation as a "farce".

A formal default would be largely symbolic, given that Russia cannot borrow internationally at the moment and doesn't need to, thanks to plentiful oil and gas export revenues, Reuters said.

G7 leaders will make an "unprecedented, long-term security commitment to providing Ukraine with financial, humanitarian, military and diplomatic support as long as it takes", according to a fact sheet released by the US.

The US is planning to send Ukraine sophisticated anti-aircraft missiles, a source told Agence France-Presse on Monday.

US President Joe Biden, who is attending the summit, "has made the procurement of advanced air defense systems for Ukraine a priority", the source said.

An announcement is "likely this week" on the purchase of NASAMS, an "advanced medium-to longrange surface-to-air missile defense system", as well as other weaponry to help Ukraine fight Russia's forces.

Ukrainian President Volodymyr Zelensky, who addressed the summit by video link on Monday, has pleaded for more powerful weapons.

G7 leaders also expressed "serious concern" over alleged Russian plans to deliver missiles capable of carrying nuclear warheads to Belarus in the coming months.

"We urge Russia to behave responsibly and exercise restraint," they said in a statement.

The Ukraine crisis has detracted attention from another crisis-that of climate change-originally set to dominate the summit. Activists fear Western nations are watering down their climate ambitions as they scramble to find alternatives to Russian gas imports and rely more heavily on coal, a dirtier fossil fuel, instead.

Japan is also pushing to remove a target for zero-emission vehicles from a G7 communique expected this week, according to a proposed draft seen by Reuters.

Agencies via Xinhua contributed to this story.

22:30 2022-06-27
Ukraine terminates 2 nuclear safety deals with Russia

KYIV - Ukraine terminated two agreements with Russia concerning cooperation in the field of nuclear safety, Ukraine's state-run nuclear energy operator Energoatom said in a statement on Monday.

Kyiv withdrew from the agreement between the Ministry of Environmental Protection and Nuclear Safety of Ukraine and the Federal Nuclear and Radiation Safety Survey of the Russian Federation on cooperation in the sphere of nuclear and radiation safety signed on Sept 19, 1996.

Meanwhile, the country also scrapped the agreement between the Federal Supervision of Nuclear and Radiation Safety of Russia and the State Nuclear Regulatory Committee of Ukraine on the exchange of information and cooperation in the field of safety regulation when using nuclear energy for peaceful purposes signed on Aug 14, 2002.

09:00 2022-06-27
Russia fully takes Severodonetsk

MOSCOW/KYIV-The Russian military on Saturday announced that it had taken full control of Severodonetsk, the administrative center of the Ukrainian-controlled part of the eastern Lugansk region.

With the support of Russian troops, the forces of Lugansk launched "a successful offensive "and "completely liberated" the cities of Severodonetsk and Borovskoye as well as two settlements in Lugansk, Russian Defense Ministry spokesman Igor Konashenkov told a briefing.

Severodonetsk Mayor Oleksandr Stryuk was reported by the Ukrainian government-run Ukrinform news agency as saying: "The city is already completely occupied by the Russian Federation. They are trying to establish their order."

Civilians who had been sheltering at the Azot chemical plant had begun to leave, said Stryuk, adding that there was enough medicine in the city to give them emergency assistance.

Commenting on the development, Ukrainian President Volodymyr Zelensky on Saturday said Ukraine would win back all the cities it had lost to Russia, including Severodonetsk, and admitted the conflict was becoming tough to handle.

In a late-night video address, he also said Ukraine had been hit by 45 Russian missiles and rockets over the prior 24 hours, in an action that he described as a cynical but doomed attempt to break his people's spirits.

"Therefore all our cities, Severodonetsk, Donetsk, Lugansk, we'll get them all back," he said.

A day after the key eastern city fell to Russia in a major setback for Ukraine, Russian missiles struck the Ukrainian capital Kyiv on Sunday.

The missiles hit Kyiv's central Shevchenkivskiy district on Sunday morning, partially destroying a nine-story apartment building and causing a fire, the city's mayor Vitali Klitschko said on the Telegram messaging app.

The latest developments on the battlefield come as world leaders gathered in Europe to discuss further sanctions against Moscow.

Before a G7 meeting in Germany, British Prime Minister Boris Johnson said that Britain is ready to guarantee a further $525 million of World Bank loans to Ukraine later this year, taking total fiscal support this year to $1.5 billion.

"Ukraine can win and it will win. But they need our backing to do so. Now is not the time to give up on Ukraine."

In St. Petersburg on Saturday, Russian President Vladimir Putin said Russia would deliver Iskander-M missiles capable of carrying nuclear warheads to Belarus in the coming months, as he received Belarusian leader Alexander Lukashenko.

He also offered to upgrade Belarus' warplanes to make them capable of carrying nuclear weapons, in comments broadcast on Russian television.

Xinhua - Agencies

14:13 2022-06-26
Explosions occur in Ukraine's capital

KIEV - Several explosions occurred in the Shevchenkivskyi district of Kiev, the capital of Ukraine, on Sunday morning, Kiev Mayor Vitali Klitschko told The Telegram.

According to the mayor, ambulance crews and rescuers are already on the scene and local residents are being rescued and evacuated.

04:55 2022-06-25
Russia to dominate Western agenda
By YIFAN XU in Washington
Banners displaying the NATO logo are placed at the entrance of NATO headquarters in Brussels, Belgium, in this April 19, 2018 file photo. [ Photo/Agencies]

At the upcoming G7 and NATO summits, Russia will be No 1 on the agenda, while China will also be a focus, experts said.

Because of the ongoing Russia-Ukraine conflict, "the focus fundamentally will remain on Russia at these summits", Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, told China Daily.

He said the issue of China would also be brought into the spotlight, for the two groups "had already been thinking a little bit about China for a few years".

"That's why this issue of China being big into the NATO Strategic Concept was something which was cooking for a couple of years," Gupta said.

The G7 group will hold its 48th summit at Schloss Elmau in Germany between Saturday and Monday. The NATO summit will take place in the Spanish capital Madrid on the last two days of June.

NATO Secretary-General Jens Stoltenberg said the summit would update the NATO Strategic Concept, and will include China in this document for the first time.

On Tuesday, the Center for Strategic and International Studies hosted a news briefing call previewing the two summits. During the call, Matthew Goodman, senior vice-president for economics at the CSIS, said the two summits are "a pretty challenging set of meetings" for the United States.

"The good news is that President (Joe) Biden has some wind at his back because he was able to mobilize this group of allies and partners to take on the Russia-Ukraine challenge initially. But the question is: Can he move the ball forward on these two — at these two meetings," Goodman said.

"There are some pretty significant headwinds here. you have Ukraine bogged down. You've got inflation raging, you know, a series of crises from food to energy to health to climate. Obviously, Ukraine is going to loom large and the big question is around whether this group is going to be able to take forward the sanctions."

US National Security Adviser Jake Sullivan revealed on June 16 that Biden would announce a new global infrastructure plan at the G7 summit to counter the China-proposed Belt and Road Initiative.

In response, Chinese Foreign Ministry spokesman Wang Wenbin said any geopolitical calculations that are to advance under the banner of infrastructure development are not welcome and will not succeed.

Caitlin Welsh, director of the CSIS' Global Food Security Program, said at Tuesday's briefing that food security is likely to be high on the G7 agenda given the impact of the Russia-Ukraine conflict on global food security and also preexisting levels of food security due to the impacts of COVID-19, climate change and conflict.

Max Bergmann, director of the Europe Program at the CSIS, said China is something the US has pushed to make a much bigger focus at NATO.

"Of course, when Antony Blinken went to NATO for the first time as US secretary of state, he mentioned China more than 10 times. I think he only mentioned Russia about four times, demonstrating kind of the US focus, at least at the time, in early 2021," he said.

However, Gupta said the summits would not greatly impact Europe-China relations.

"There are very serious situations in Europe. And I think this is a serious situation in Europe that is going to force NATO to be less ambitious in thinking about China and more focused on how to safeguard security on the continent, the European continent," Gupta said.

"Even China's inclusion in the strategic concept is just an initial marker, not really much more than that."

19:47 2022-06-24
Russian companies striving to survive and prosper under sanctions
Photo taken on March 10, 2022 shows the Kremlin in Moscow, Russia. [Photo/Xinhua]

"It's the most affordable new vehicle in Russia. They're calling it… the anti-sanctions car!"

This quote come from Russian state TV putting a positive spin on the new Lada rolling off the production line in the city of Togliatti.

Due to Western sanctions, the Russian carmaker cannot import all the components that it used to. So the "most affordable" Lada Granta has no airbag, no anti-lock braking system, no Electronic Stability Control and no seat-belt pretensions.

More than four months after Russia's special military operation was launched in Ukraine, the new Lada sums up the current Russian economy in a way: affected by sanctions but still functional.

As a matter of fact, "functional" is an achievement, as Russia is now the most sanctioned country in the world. According to data service Statista, more than 10,500 restrictions have been imposed on Russian individuals and companies. More than 7,500 of those were implemented in the last four months.

The sanctions hit Russia with a wide array of restrictions, including major Russian banks being cut off from the SWIFT international payment system and Western bans on flights.

Russia held the 25th St. Petersburg International Economic Forum last week with the theme of "New Opportunities in a New World". Economic experts and enterprise owners gathered in the second-largest city of Russia, looking for a way out from the current economic crisis.

The head of the Russian Central Bank, Elvira Nabiullina, warned at a session of the forum that the country's economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to what they were before February.

"External conditions have changed for a long time indeed, if not forever," she said.

Minister of Economic Development, Maxim Reshetnikov, told the same session that the prognosis is for Russia's GDP to fall by 7.8 percent this year, but "in the last month, there's been a wave of improving assessments and prognoses".

After the ruble lost as much as half its value in the first weeks of the Ukraine conflict, Russia took significant measures to support it, leading to a rebound that boosted it to levels not seen in years. However, that has made Russian exports more expensive. Meanwhile, many countries are moving to lessen their dependence on Russian oil and natural gas.

Nabiullina called for Russia to reduce its emphasis on exports overall in favor of domestic production.

"It has always been believed that exports are our intrinsic value," she said. "We need to rethink and, finally, think about the fact that a significant part of production should work for the domestic market, more processing and more creation of final products."

For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone.

"There's no deep crisis. In general, everything's fine," he said. "Everyone's talking about a decrease in purchasing power, but I haven't noticed it."

At the forum, Yuri Gavrilov, director of strategy and M&A and a member of the management board of Metalloinvest, echoed Kechin, saying he was not that worried.

Founded in 2006, Metalloinvest is a leading Russian mining and metallurgy company and global supplier of HBI and iron ore, and one of the top Russian producers of high-quality steel.

"The current crisis is global and our company is also experiencing difficulties caused by the disruption of established supply chains. But we are confident in the long-term sustainability of our business, as we provide the market with high-quality raw materials that are important for the green transition of steelmaking," Gavrilov told China Daily.

"The need of high-quality steel and HBI is increasing, and we have been focusing on the production of these high-end raw materials for many years," he said.

Meanwhile, the company has accumulated significant experience in the production of iron ore raw materials and steel with a low carbon footprint, and is interested in cooperation to develop new technology.

He noted the company's overseas partners will continue to choose them as more countries are pursuing the grand goal of carbon neutrality within 20-40 years, and Metalloinvest is able to provide products that help to produce steel with very low carbon emissions.

Similar with Metalloinvest, Russia's largest gas processing and petrochemical company, Sibur, is also expanding its offering of advanced, eco-friendly polymers for use in packaging, pipe production and other industries.

Sergey Komyshan, executive director of Sibur, told China Daily that one of their products is liquefied petroleum gas (LPG) – a low-carbon fuel, which hasn't been affected by sanctions.

"Due to geopolitical tensions, we had to reduce exports to Europe, which account for 23 percent of Sibur's revenue, and redirect sales volumes to other markets," Komyshan said.

Just like many other Russian companies, Sibur is considering shifting its business from the West to the East.

13:19 2022-06-24
Ukraine receives artillery rocket systems from US

Ukraine received High Mobility Artillery Rocket Systems (HIMARS) from the United States, Defense Minister Oleksii Reznikov said on Thursday.

"HIMARS have arrived in Ukraine," Reznikov tweeted, without specifying the number of weapons.

The HIMARS were supplied to Ukraine under the 700-million-US-dollar weapon package unveiled by the United States on June 1.

11:08 2022-06-24
US to send Ukraine more rocket systems in new weapons package
The Pentagon building is seen in Arlington, Virginia, US, in this Oct 9, 2020 file photo. [Photo/Agencies]

WASHINGTON - The United States will provide Ukraine with an additional $450 million worth of security assistance, including four more advanced rocket systems, the Department of Defense announced Thursday.

Among the items that Washington pledged to Kyiv in the latest weapons package were four High Mobility Artillery Rocket Systems, 18 patrol boats for monitoring coasts and rivers, more ammunition, as well as small arms such as grenade launchers and machine guns.

The package will be drawn from the Pentagon's existing stocks, marking the 13th time the administration has done so to arm Ukraine in its ongoing conflict with Russia.

The United States, according to a statement from the Pentagon, has now committed approximately 6.8 billion dollars in security assistance to Ukraine since the beginning of President Joe Biden's administration, including approximately $6.1 billion since the beginning of Russia's special military operation in Ukraine.

Page 1 of 35
Most Read Stories
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349