Treasury blocks Russia from paying debt as West prepares new sanctions
https://www.politico.com/news/2022/04/05/treasury-russia-debt-u-s-accounts-00022979
Tag: United States
US, UK, Australia team up on hypersonic weapons with eye on Russia and China
“The U.S., the U.K. and Australia will start joint work on hypersonic missile technology and electronic warfare capabilities under the umbrella of the AUKUS security pact.
The decision, announced Tuesday by the leaders of the three governments, is the latest move in an international race for hypersonic weapons, which can travel up to 10 times the speed of sound, making them much harder to detect.
It is also a further example of the deepening security partnership between the U.S., Britain and Australia, after their creation of AUKUS last September scuppered a mega submarine deal for France, souring relations between Washington and Paris. Developing hypersonic missiles represents a long-term aim for Canberra, which is seeking to step up the long-range strike capabilities of the Australian Defence Force.”
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“In March, Russia said it had used a hypersonic missile to strike an ammunition warehouse in western Ukraine. Last year, China reportedly tested two hypersonic weapons, causing alarm at the Pentagon.
The U.S. successfully tested a hypersonic missile in mid-March but did not announce it for two weeks to avoid increasing tensions with Russia, according to media reports.”
US delivers ‘Phoenix Ghost’ drone designed by US Air Force specifically for Ukrainian ‘needs’: DOD
https://www.yahoo.com/news/us-delivers-phoenix-ghost-drone-170432101.html
Are Americans Unhappy?
“The economic fallout from the pandemic and attendant shutdowns and disruptions has widened a divide between low-wage workers — who have been forced to keep working in person, leaving them vulnerable to the virus and financial troubles — and high-wage workers. Behind all of this, climate change has caused more flooding in Gulf Coast states, wildfires in the West and other problems worldwide. Now, Russia’s invasion of Ukraine feels even more destabilizing.
So given all of this, how are Americans doing?
The answer is, surprisingly, kind of OK. People in general are resilient and optimistic and can find ways to thrive even in the worst of times. But that doesn’t mean that Americans are optimistic about the direction of the country. This was hinted at in a January Gallup poll in which a full 85 percent of respondents said they were satisfied with their own lives, while only 17 percent were satisfied with the direction of the country. That disconnect, though, isn’t unusual. Since Gallup began asking that question in the 1980s, the share of Americans who say they’re “somewhat” or “very” satisfied with their personal lives has been fairly stable, ranging anywhere from 73 percent to 90 percent, while satisfaction in the direction of the country has generally been lower and less stable.”
Economic Penalties for Putin’s Aggression Threaten To Impoverish the World
“two consecutive presidents, first Donald Trump and then Joe Biden, wedded to economic nationalism. “When we use taxpayers’ dollars to rebuild America, we are going to do it by buying American: buy American products, support American jobs,” Biden vowed in the recent State of the Union address. He’s unlikely to get much pushback from the public; while support for free trade rose under Trump it has since declined, according to Gallup. More Americans (61 percent) see trade as good for economic growth than see it as a threat (35 percent), but the numbers swing more as a matter of partisan politics than according to principled commitment.
That’s a shame because free-trade advocates are correct. While a strong case can be made that free trade is a basic human right involving consensual relations among individuals, it’s also a miraculous cure for misery. Over the last half-century or so, economists have rediscovered comparative advantage and that “trade openness is a necessary—even if not sufficient—condition for economic growth and reducing poverty,” as Pierre Lemieux wrote for the Cato Institute’s Regulation in 2020.”
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“Economic and financial sanctions may cause Russia pain and add to the cost of invading Ukraine. But as governments around the world raise barriers and try to insulate themselves from future uses of weaponized trade and finance, the result is certain to be a world that is poorer and less free.”
Russia may do Biden a favor by killing the Iran deal
“The original deal was reached during Barack Obama’s presidency, after years of talks among Iran, the United States and other leading countries, including Russia and China. It lifted an array of nuclear sanctions on Iran in exchange for severe curbs on its atomic program. The deal had limits, however, including provisions that would expire over time, technically starting within the next three years. (Supporters of restoring the deal argue that the most important provisions won’t expire for several more years and some elements last in perpetuity.)”
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“the original Iran nuclear deal involves the Russians taking special roles in helping Iran implement the agreement, such as shipping out Iran’s excess enriched uranium. If Russia refuses to play that role, the deal is once again undermined.”
To Beat Putin, Europe Needs America’s Clean Energy
“The European Union is dependent on Russia for almost half of its natural gas and a quarter of its oil. Germany alone imports 55 percent of the gas it consumes from Putin’s petro-state. As part of its invasion strategy, Russia thought it could use its natural gas and oil to blackmail Europe into passivity. Europe is belatedly beginning to shut off the Russian spigot, but it will pay a heavy economic price for the delay.
And for Europe’s energy switch to succeed, the United States must step up.
Just as we were the Arsenal of Democracy when fascism threatened Europe 80 years ago, today we must become the Arsenal of Clean Energy. That means we should finance and export clean energy to Europe in large quantities as quickly as possible. This approach would help protect our own security and economic interests, as well as the sovereignty, democracies, and economies of Europe, all while working to combat climate change.
Our goals should be: 1) make European energy secure; 2) help shift European countries to cleaner energy; and 3) create a massive clean energy market that strengthens supply chains and job creation in the U.S.”
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“starts with an energy version of the “Candy Bombers” who supplied Berlin during the Soviet Union’s blockade in 1948. In this case, we could provide a temporary natural gas lifeline to Europe as they wean themselves off Russian energy. America has some additional capacity, and more coming online very soon, to send liquefied natural gas to Europe. We should combine a near-term increase in U.S. gas production and exports to Europe with assistance for European countries to, over the medium-term, reduce their reliance on natural gas by switching to other, lower-carbon fuels and increased energy efficiency.
Second, to ensure this lifeline leads Europe to a safe and sustainable future, the United States needs to create an American clean energy sovereignty fund. We should commit to $10 billion per year for the next decade to finance the export of U.S. hydrogen, nuclear, and carbon capture technology that can be deployed across Europe. The new technologies should be supported by both U.S. and European supply chains and workers to ensure economic growth across both continents. This government-backed entity would provide a significant cost-share for countries importing U.S. clean energy, particularly technologies that will be primarily made in and exported from the U.S.
As we are seeing now with Germany’s reconsideration of its decision to close its nuclear plants, even renewable-heavy countries need firm clean energy provided by technologies like nuclear power. This is even more important in industrial areas of Eastern Europe that need both the steady electricity and high heat that nuclear, or hydrogen, can provide.
Finally, as all of Washington knows by now, personnel is policy. To underscore the urgency of this mission, the Biden administration should create a new, senior position at the National Security Council to manage clean, firm energy and coordinate the alphabet soup of agencies involved. This position would oversee a new “Team Energy” of public and private sector experts who can cut through the bureaucracy.”
The Chinese Threat No One Is Talking About — And How to Counter It
“a steady stream of official U.S. estimates suggests that within a decade, China will possess enough warships to dominate the Indian Ocean region if it chooses. The Office of Naval Intelligence estimated China would build 67 new major surface combatants and 12 new nuclear-powered submarines by 2030. The Pentagon’s most recent report on China’s military power raised those projections even further. Given that China already has formidable capabilities for defending itself in the east — and the heightened range and survivability of these new ships — it seems China plans to operate them far from its shores. The Pentagon also observes that China is developing the capabilities to conduct “offensive operations” deep in the Indian Ocean, presumably including naval blockades, bombardment of enemy targets, or even a combination assault by land and sea.”
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“What exactly does China want in the Indian Ocean? In the near term, it wants to protect its Middle East oil supplies, the hundreds of thousands of Chinese migrant laborers working abroad and its overseas investments. Looking ahead, however, China has laid the groundwork to bring considerable military might to the Indian Ocean if it needs to.
With an unchecked fleet able to exercise control in the Indian Ocean — even if for legitimate purposes to protect trade and investments — China could intimidate states militarily and economically, just as it has done in the South China Sea for years, and more recently with Bangladesh, the Maldives and Indonesia. It could engage in unsafe conduct close to ships and planes, harass commercial or naval vessels, and enter other countries’ waters and airspace. Vulnerability to such coercion could compel smaller countries to side with China on issues like freedom of navigation and overflight, territorial disputes, trade negotiations, military agreements with the U.S. or its partners, human rights or relations with Taiwan.
In a military conflict, a Chinese Indian Ocean fleet would be even more threatening. It could disrupt trade flows in the Indian Ocean for the U.S. or its allies or impede American military access. China could also attack U.S. or allied forces swinging from the Mediterranean, or Middle East, or Diego Garcia, to the Pacific.
Part of the reason the Indian Ocean hasn’t received as much attention as it should is that many U.S. defense experts assume or hope they can rely on India to automatically be a “counterweight” to China in this region. For over two decades, Washington has been enamored with the idea that India, at one point exceeding 8 percent economic growth annually, would become a military powerhouse that could “frustrate China’s hegemonic ambitions.” The U.S. Indo-Pacific Strategy released in February counts on India to be “a net security provider,” just as previous administrations officially banked on the Indian Navy taking a “leading role in maintaining Indian Ocean security.” Some former Trump administration officials even want to formalize a Japan-style alliance.
But India’s ability to play this role is in serious doubt.”
The Ukraine war shows the limits of US power
“When the Cold War ended in the ’90s, the United States possessed unrivaled economic and military power. Scholar Francis Fukuyama claimed the “End of History” and former Secretary of State Madeleine Albright asserted the centrality of American exceptionalism in her coinage, “the indispensable nation.”
Some argue that that unipolar moment was overstated. “Look, the Americans suffered from hubris after the end of the Soviet Union,” said Joseph Nye, a Harvard professor who has written widely about American power. “The unipolar moment, I think, was always illusory.”
At the end of the Cold War, the US did continue to hold itself out as the guarantor of security. “The United States appointed itself as responsible for peace, security, and democracy in Europe,” Stephen Wertheim, a historian of US foreign policy at the Carnegie Endowment for International Peace, told me. In response to ethnic cleansing in Bosnia, the United States, through NATO, took military action against Serbia. The intervention was relatively limited, and the outcome of it was a successful projection of US might.
But that unilateral moment, real or imagined, was short-lived.
The terrorist attacks on September 11, 2001, were not what challenged that global supremacy, argues Wertheim. Rather, it was the 20 disastrous years of overreach in America’s response. The invasions of Iraq and Afghanistan exposed the limits of US power.”
The War in Ukraine Is Putin’s Fault, but 30 Years of Misguided U.S. Foreign Policy Didn’t Help
“it’s important to call out the bad U.S. foreign policy moves that helped get us here. And even though no one did this but Putin, the U.S.’s failed approach to Russia for the last 30 years—a bipartisan effort that includes mistakes by Presidents Bill Clinton, George W. Bush, Barack Obama, Donald Trump, and Joe Biden—deserves criticism as well.”
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“Clinton could have completely revamped NATO now that its purpose—defending member nations against the expansion of the Soviet Union—was no longer applicable. Instead, Clinton, with the Republican Party’s support, oversaw an expansion of NATO. Hungary, the Czech Republic, and Poland all joined. Years later, Putin would cite this enlargement of NATO as one of the West’s “broken promises” that justified his Ukraine policy.”
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“With the Clinton administration’s backing, NATO also intervened in Yugoslavia in 1999 to ensure an independent Kosovo. That military action never had the backing of the United Nations; it was a violation of international law, just like Putin’s attack on Ukraine.”
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“At a 2008 NATO summit—one attended by Putin—Bush staunchly supported Ukraine’s eventual admittance to NATO, over the objections of France, the U.K., and Germany.
The Obama administration, of course, inflamed tensions with Russia when the U.S. took sides in the 2014 Ukrainian revolution. And then came Donald Trump. Democrats and their allies in the mainstream media ceaselessly accused Trump of being a Russian stooge, even a pro-Putin plant, installed by Russia as president of the U.S. due to a subtle influence campaign on Facebook. This was of course ridiculous—and as evidence of how ridiculous the claims are, Trump’s actual administration was just as foolishly tough on Russia as his predecessors. In 2017, Vice President Mike Pence even reiterated the 2008 Bucharest declaration.
The Biden administration maintained that same fiction. A clear declaration that the Ukraine would not be joining NATO might have deprived Putin of the intellectual ammo he required to move forward with this invasion. We don’t know for sure. But it was incumbent on the U.S. to try. NATO is a means to an end—a more safe and secure Europe—not an end unto itself. If expansion is creating the very conditions that NATO’s existence is supposed to prevent, it’s not working. Yet every single U.S. president since the end of the Cold War has misunderstood this. And now here we are.”