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What are the sanctions doing to Russia?

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What are the sanctions doing to Russia?

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Andrei Movchan was one of many early post-Soviet bankers however ultimately left that world behind.  In London now, however nonetheless in monetary administration, he presents his perception and opinions in regards to the results the financial squeeze is having on Russia, and what it has the potential to attain. Movchan believes oligarchs do not have the ability to get Russian President Vladimir Putin to alter monitor, and they might be scared to even attempt.  It may very well be seen in Putin’s eyes, he says, as betrayal.  

“Putin is an individual who remembers such issues. He values loyalty, he hates his enemies and he can prepare for revenge out of virtually nothing,” Movchan says. These are individuals who labored beneath his safety. “Think about, Movchan says, even when they’re out of Russia, they “now come and attempt to, in his eyes, dictate circumstances and grow to be the ambassadors of the West. We all know that Putin’s strategies embrace the murders of the opponents outdoors the borders of Russia.  These folks may be frightened for his or her safety.” That stated, prodigal oligarch Roman Abramovich has tried his hand–in an opaque context–to work diplomatic magic, to ostensibly push for an finish to the struggle.  

However the backstory and outcomes of his efforts stay unclear and the very public foray was not with out allegations of poisoning swirling round it.  And no matter poisoning might have occurred was finally with out grave impact.

CHINA’S XI VOICES SUPPORT FOR TALKS TO RESOLVE INTERNATIONAL DISPUTES, OPPOSES USE OF SANCTIONS

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Movchan nonetheless thinks sanctions had been a justified and logical step for the West to take however he fears nothing however escalation on Putin’s facet. “He wants to extend the stakes even additional to keep up his energy. If he loses the struggle, and the prospect of that also exists, he would wish to extend the stakes dramatically to keep up his place,” Movchan remarks grimly.   

Konstantin Malofeyev, chairman of the board of administrators of the Tsargrad media group, speaks throughout an interview with Reuters in Moscow, Russia Sept. 16, 2021. 
(Reuters/Tatyana Makeyeva)

Like many, he predicts additional witch-hunts and repressions at dwelling.  “I do not imagine that the scenario will change. I do not imagine that the struggle will finish quickly. I do not imagine that the regime will fall. Russians are usually not able to make adjustments with the regime,” he says. And he says a West, terrified of a brand new Russia that’s rising, “a frightened, mad Russia” shouldn’t be certain of learn how to act additional however will do its finest to comprise this Russia to its borders.

The results of sanctions haven’t but been totally felt, based on Movchan and lots of others. However he says they are going to be. And the outcome will probably be diversified as provide chain points grow to be grave. He foresees issues like “there aren’t any fertilizers, there aren’t any drones to oversee the crops,” which might have an enormous knock-on results within the economic system. After which there are cars–something that results everybody. Russians like imported vehicles and that observe is now to a big extent frozen. “The issue with the vehicles is already available in the market,” Movchan says.  

“I have been knowledgeable lately that my previous automobile, which is a five-year-old Lexus again in Moscow is being priced on the market increased than it was after I purchased it new.  It means the deficit is already there and individuals are nonetheless making an attempt to purchase vehicles and actual property as a result of they nonetheless imagine that they’ll defend the worth of their investments by shopping for price of actual property. We’ll see what occurs within the half 12 months, however to this point it is just the start of the method.”

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Russian President Vladimir Putin speaks with Roscosmos space agency employees at a rocket assembly factory during his visit to the Vostochny cosmodrome outside the city of Tsiolkovsky, about 200 kilometers (125 miles) from the city of Blagoveshchensk in the far eastern Amur region Tsiolkovsky , Russia, Tuesday, April 12, 2022. Russia on Tuesday marks the 61th anniversary of Gagarin's pioneering mission on April 12 1961, the first human flight to orbit that opened the space era.

Russian President Vladimir Putin speaks with Roscosmos area company workers at a rocket meeting manufacturing facility throughout his go to to the Vostochny cosmodrome outdoors town of Tsiolkovsky, about 200 kilometers (125 miles) from town of Blagoveshchensk within the far jap Amur area Tsiolkovsky , Russia, Tuesday, April 12, 2022. Russia on Tuesday marks the 61th anniversary of Gagarin’s pioneering mission on April 12 1961, the primary human flight to orbit that opened the area period.
(Evgeny Biyatov, Sputnik, Kremlin Pool Photograph through AP)

I inform Movchan that whereas I do know Moscow nicely, I’m a stranger to massive swathes of the huge nation and ask him to color the larger image of Russia’s economic system. He says the capital accounts for ten p.c of the nation’s inhabitants, sixty p.c of the imports Russia brings in, seventy p.c of capital development and eighty p.c of its monetary enterprise.  St. Petersburg accounts for a lot of the remainder of the remaining pie.  

“The remainder of Russia, is sort of nothing by way of the economic system. There are just a few cities now prospering by one know-how or one enterprise, like Tyumen is nice producing oil or Krasnodar and Rostov producing grain and wheat and corn and no matter. However other than that, cities are poor, the infrastructures poor. It is nonetheless on the stage of the eighties of the earlier century,” Movchan says.  

Cadets ride a BTR-80 armoured personnel carrier during an open practical training session in which they practised reconnaissance skills, responded to simulated accidents at hazardous facilities, and provided camouflage make-up services for strategic sites, at the Moscow Regions No 282 Joint Force Training Centre for Russian Army Radiological, Chemical and Biological Defence Troops, in the village of Bolshoye Bunkovo. Gavriil Grigorov/TASS 

Cadets experience a BTR-80 armoured personnel service throughout an open sensible coaching session during which they practised reconnaissance abilities, responded to simulated accidents at hazardous amenities, and offered camouflage make-up providers for strategic websites, on the Moscow Areas No 282 Joint Drive Coaching Centre for Russian Military Radiological, Chemical and Organic Defence Troops, within the village of Bolshoye Bunkovo. Gavriil Grigorov/TASS 
(Photograph by Gavriil GrigorovTASS through Getty Pictures)

UKRAINE LEADER PUSHES FOR MORE ARMS; US OFFICIALS TO VISIT

Many Russians’ dream is “for his or her baby to grow to be an officer within the Russian military or a tax inspector or a small clerk within the administration of the areas.  That is how they assume. That is the magnitude of the aspirations,” he says.  “And usually, if we speak about Russia, the GDP per particular person, , is now about $9000 per capita per 12 months.  The a part of the GDP which is produced by small and medium companies is lower than seventeen p.c. So in some sense, Russia is an enormous feudal nation with an enormous chunk of mineral sources and a really restricted variety of wealthy folks.  Forty p.c of Russians are formally acknowledged as poor folks. About ten p.c of the inhabitants has financial savings in banks, and now the scenario will probably be worse.”

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“All of the navy plane, all of the tanks, all of the missiles that is all legacy from the Soviet Union with the previous applied sciences being strictly adopted from that point. Russia misplaced its technological college fully and survives on the legacy of the Soviet Union,” Movchan says.  Putin would beg to vary, having confirmed off a brand new vary of navy tools together with hypersonic missiles in recent times. However by Movchan’s argument, if Russia’s arsenal had been a lot extra superior, Moscow would have achieved far more in its struggle in opposition to Ukraine.

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TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline

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TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the company’s leadership said in an internal memo reviewed by Reuters on Tuesday.
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Trump's new Ukraine envoy issues warning to Iran, says 'maximum pressure must be reinstated'

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Trump's new Ukraine envoy issues warning to Iran, says 'maximum pressure must be reinstated'

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President-elect Donald Trump’s incoming special envoy for Ukraine and Russia, Ret. Lt. Gen. Keith Kellogg, recently said the United States must return to the policy of “maximum pressure” and that the Iranian regime’s weakness has reopened what the future of Iran will look like.

“I believe this year should be considered a year of hope, it should be considered a year of action, and it should be considered a year of change,” Kellogg, who served in Trump’s first administration, said at an event sponsored by an Iranian opposition group, The National Council of Resistance of Iran, in Paris.

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The retired lieutenant general said that Iran’s development and acquisition of a nuclear weapon would be the most destabilizing event for the Middle East. Kellogg reminded the opposition group that then-President Trump walked away from the Iran nuclear deal during his first term, even with opposition from those who served in the first administration.

IRAN REGIME UNDER ‘IMMENSE PRESSURE’ AMID INCOMING TRUMP ADMIN POLICIES, REGIONAL LOSSES, ECONOMIC WOES

Ret. Lt. Gen. Keith Kellogg addressing an Iranian opposition group in Paris.  (Siavosh Hosseini, The Media Express)

“For the United States, a policy of maximum pressure must be reinstated, and it must be reinstated with the help of the rest of the globe, and that includes standing with the Iranian people and their aspirations for democracy,” Kellogg said.

Trump withdrew from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal, during his first term in 2018 and reapplied crippling economic sanctions. While some, including Israeli Prime Minister Benjamin Netanyahu, applauded the move, the leaders of the United Kingdom, France and Germany had urged the president to remain committed to the deal.

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The remarks, made just days before Trump is set to take office for his second term, are yet another signal of how a second Trump administration will face the threat posed by Iran in a new environment with much of the Middle East embroiled in conflict since the Oct. 7 terrorist attack on Israel. 

IRAN EXPANDS WEAPONIZATION CAPABILITIES CRITICAL FOR EMPLOYING NUCLEAR BOMB

Iran military parade

An Iranian military truck carries surface-to-air missiles past a portrait of Iran’s Supreme Leader Ayatollah Ali Khamenei during a parade on the occasion of the country’s annual army day on April 18, 2018 in Tehran, Iran. (ATTA KENARE/AFP via Getty Images)

“The beginning of the end of Iran’s primacy began, ironically, a year ago, on 7 October,” Kellogg said.

Kellogg noted that pressures applied to Iran would not only be kinetic or military force, but must include economic and diplomatic as well.

Attendees at the Paris meeting From left: John Bercow, former Speaker, British House of Commons, Hyhoria Nemyria, former deputy prime minister, Ukraine, Yulia Tymoshenko, former prime minister, Ukraine, Liz Truss, former prime minister, United Kingdom, Mrs. Maryam Rajavi, Gen. Keith Kellogg, special envoy for Ukraine and Russia, Yanez Yanša, former prime minister of Slovenia, Gen. James Jones, National Security Advisor to President Obama, former NATO commander, Ola Elvestuen, Member of Norwegian Parliament, Minister of Climate and Environment of Norway (2018-2020), Gen. Todd Wolters, Supreme Allied Commander, Europe.

Attendees at the Paris meeting From left: John Bercow, former Speaker, British House of Commons, Hyhoria Nemyria, former deputy prime minister, Ukraine, Yulia Tymoshenko, former prime minister, Ukraine, Liz Truss, former prime minister, United Kingdom, Mrs. Maryam Rajavi, Gen. Keith Kellogg, special envoy for Ukraine and Russia, Yanez Yanša, former prime minister of Slovenia, Gen. James Jones, National Security Advisor to President Obama, former NATO commander, Ola Elvestuen, Member of Norwegian Parliament, Minister of Climate and Environment of Norway (2018-2020), Gen. Todd Wolters, Supreme Allied Commander, Europe. (Siavosh Hosseini, The Media Express)

Maryam Rajavi, president-elect of the Iranian opposition group, the National Council of Resistance of Iran (NCRI), told the event that the fall of Syria’s longtime dictator, Bashar al-Assad, provided a unique opportunity for Iranians to remake their own future.

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“Khamenei and his IRGC were unable to preserve the Syrian dictatorship, and they certainly cannot preserve their regime in the face of organized resistance and uprising. The regime will be overthrown,” Rajavi said.

ISRAEL EYES IRAN NUKE SITES AMID REPORTS TRUMP MULLS MOVES TO BLOCK TEHRAN ATOMIC PROGRAM

Rajavi said it was a decisive moment in the history of Iran. The National Council of Resistance of Iran, according to Rajavi, has a path forward for a democratic Iran, which includes a step-by-step process after the overthrow of the current regime. A transitional government would be formed for a maximum of six months, and its main task would be to hold free elections for a Constituent Assembly and transfer power to the people’s representatives.

Iran Mahsa Amini protest

Demonstrators in Iran protesting the regime in 2022. (Credit: NCRI)

“The overthrow of the mullahs’ regime is the only way to establish freedom in Iran and peace and tranquility in the region,” a hopeful Rajavi said.

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Kellogg championed these ideas and said a “more friendly, stable, non-belligerent, and a non-nuclear Iran” must be the near term goal and that the United States needs to exploit Iran’s current weaknesses.

Iranian Foreign Ministry spokesperson Esmail Baqaei slammed France for hosting what the Iranian government called a “terrorist group” and accused the French government of violating its international legal obligations to prevent and fight terror.

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South Korea’s President Yoon arrested: What happened and what’s next

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South Korea’s President Yoon arrested: What happened and what’s next

Former South Korean President Yoon Suk-yeol has been arrested after a dramatic and drawn-out showdown with law enforcement officials.

Police and corruption officers on Wednesday scaled the walls of his residential compound, where he had been holed up for nearly two weeks, evading arrest, after his short-lived declaration of martial law on December 3. The officers broke through the barbed wire and barricades his security personnel had erected.

Hundreds of officers pushed past Yoon’s small army of personal security to take the leader into custody after a court issued a warrant for his detention.

The former president’s imposition of martial law had rattled the country, and he was swiftly impeached and removed from his duties.

Now Yoon faces numerous criminal investigations for insurrection. Here’s everything to know about his arrest:

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Who is Yoon Suk-yeol?

Yoon is a storied former prosecutor who led the conservative People Power Party (PPP) to election victory in 2022 despite a lack of political experience.

Before taking the country’s top job, Yoon was called “Mr Clean” for prosecuting an array of prominent businessmen and politicians, analysts told Al Jazeera at the time of his election.

The former leader with affluent roots shot to national fame in 2016 when, as the chief investigator probing then-President Park Geun-hye for corruption, he was asked if he was out for revenge and responded that prosecutors were not gangsters.

While in office, the former president faced challenges in advancing his agenda in an opposition-controlled parliament and was dogged by personal scandals as well as rifts within his own party.

What’s the latest?

After more than 3,000 police officers were mobilised to break into Yoon’s compound, the leader was arrested and taken in for questioning.

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“I decided to respond to the CIO’s investigation, despite it being an illegal investigation, to prevent unsavoury bloodshed,” Yoon said in a pre-recorded video statement released shortly after his arrest. He referred to the Corruption Investigation Office for High-ranking Officials, which is heading the criminal probe.

According to Al Jazeera’s Patrick Fok, reporting from Seoul, this was the second attempt by investigators to bring him in after they tried to arrest him a week ago.

Yoon faces the charge of insurrection, the only one that South Korean presidents are not immune from. His arrest marks the first one of a sitting South Korean president.

What’s the impact of his arrest?

Despite polls showing that a majority of South Koreans disapprove of Yoon’s martial law declaration and support his impeachment, the political standoff has given oxygen to his supporters, and his PPP party has seen a revival in recent weeks.

Support for the PPP stood at 40.8 percent in the latest Realmeter poll, released on Monday, while the main opposition Democratic Party’s support stood at 42.2 percent, a difference that is within the poll’s margin of error and down from a gap of 10.8 percentage points last week.

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The narrowed margin suggests that a presidential election could be close if Yoon is formally removed from office by the Constitutional Court examining the legality of his impeachment. Previously, in the days after the brief martial law declaration, the Democratic Party’s leader, Lee Jae-myung, was widely viewed as the firm favourite.

Beyond the political effects, the weeks-long government turmoil has rattled Asia’s fourth largest economy.

Some of Yoon’s supporters have also drawn parallels between him and United States President-elect Donald Trump, echoing claims by Trump that the former and incoming American president has been the target of a witch-hunt by elites who have long controlled the levers of power. South Korea is one of Washington’s key security partners in East Asia.

Who is in charge in South Korea?

South Korea currently has an acting president, Finance Minister and Deputy Prime Minister Choi Sang-mok.

Choi has been in the role since December 27 when the legislature voted to impeach Yoon’s initial successor, Han Duck-soo, over his refusal to immediately fill three vacancies on the Constitutional Court.

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Han had been acting president since Yoon was impeached on December 14 over his martial law declaration and his presidential powers were suspended.

After Yoon was arrested, Choi met with diplomats from the Group of Seven nations, including the US, Japan, Britain and Germany, as well as a representative of the European Union to reassure them that the government was stable.

How are South Koreans reacting?

As local broadcasters reported that Yoon’s detention was imminent, the president’s supporters descended upon his residence, chanting, “Stop the steal!” and “”Illegal warrant!” and waving glow sticks alongside South Korean and US flags.

The “stop the steal” slogans referred to Yoon’s unsubstantiated claims of election fraud in April’s parliamentary elections, which the opposition won – one of the reasons Yoon gave to justify his martial law declaration. It was also used by Trump and his supporters as he falsely claimed he won the 2020 presidential election in the US.

“Police estimate as many as 6,500 supporters of [the former president] turned out overnight, urging their leader to keep fighting on,” Fok said.

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Some of his supporters also lay on the ground outside the residential compound’s main gate.

“It is very sad to see our country falling apart,” Kim Woo-sub, a 70-year-old retiree protesting Yoon’s arrest outside his residence, told the Reuters news agency.

“I still have high expectations for Trump to support our president. Election fraud is something they have in common, but also the US needs South Korea to fight China,” he said.

Minor scuffles broke out between pro-Yoon protesters and police near the residence, according to a witness at the scene quoted by Reuters.

Many other South Koreans are angry and believe Yoon has “avoided facing responsibility for his failed martial law”, Fok said.

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“I think it’s wrong for the leader of a rebellion to not face any legal consequences, and even though an arrest warrant has been issued, [he has] continue[d] to resist that,” Cho Sun-ah, an anti-Yoon protester told Al Jazeera.

The Democratic Party, meanwhile, hailed Yoon’s detention with a top official calling it “the first step” to restoring constitutional and legal order.

The country’s parliament speaker echoed those sentiments.

“We should concentrate our efforts on stabilising state affairs and restoring people’s livelihoods,” Woo Won-shik said.

What’s next?

Authorities now have 48 hours to question Yoon, after which they must seek a warrant to detain him on the charge of attempting a rebellion or he will be released.

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If Yoon is formally arrested, investigators may extend his detention to 20 days before transferring the case to public prosecutors for indictment.

According to a CIO official, however, Yoon is refusing to talk and has not agreed to have interviews with investigators recorded on video.

Yoon’s lawyers have said his initial arrest warrant is illegal because it was issued by a court in the wrong jurisdiction and the team set up to investigate him had no legal mandate to do so.

Presidential guards were stationed on the CIO floor where Yoon is being questioned, a CIO official said, but he will likely be held at the Seoul Detention Center, where other high-profile South Korean figures, including former President Park and Samsung Electronics Chairman Jay Y Lee, have also spent time.

Yoon faces the death penalty or life in prison if found guilty of insurrection.

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In a parallel investigation, the Constitutional Court on Tuesday launched a trial to rule on parliament’s impeachment of Yoon.

If the court endorses the impeachment, Yoon would finally lose the presidency, and an election would have to be held within 60 days.

The opening session of the trial was adjourned on Tuesday after only a brief hearing as Yoon declined to attend, but proceedings could last for months.

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