Germany increases Russian oil imports – via India. EU remains major buyer of Russian LNG – at a higher price – than for pipeline gas. Russia’s economy grows, Western sanctions have failed.
Geopolitics
BBC – China hits out at ‘illegal’ new US sanctions on Iran and trading partners
It’s difficult to believe the US would actually go through with cutting China off from the Dollar for trading with Iran, given the consequences for the US economy would be devastating. Read the article HERE.
Economics
The Palestine Chronicle: Overwhelming Majority – Norway’s Largest Trade Union Votes for Boycott of Israel
The decision was passed with an overwhelming 88 percent majority during the labor federation’s national congress. Read Article HERE
Climate Crisis
Bill Mitchell: It will end badly if we rely on the speculators and gamblers for a climate change solution
My rule of thumb is this: 1. If the financial markets are interested in something it is better for the rest of us to keep them at bay. 2. Do not allow ‘private profitability’ to […]
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