#Russia_Energy: Putin's countermeasures against the Western oil price cap ($60 a barrel) are brought to life. Starting in February, the following actions will be mandatory: 1) Ministries of Energy and Finance will monitor the sale price of Russian oil;⤵️
2) The Ministry of Energy and Customs must prohibit the export of oil, if transport contracts with third countries indicate the use of a cap price; 3) Oil export contracts must be submitted to Customs and the Ministry of Energy with a copy of the Russian translation;⤵️
4) The Ministry of Energy will monitor and report monthly on non-alignment with the price cap by Russian exports. Russia sells at a discount of $35 to India and others (40% of the market price), this makes the price of Russian oil cheaper than the cap price.⤵️
#Russia: Georgian President Zurabishvili advocates the idea that, as part of the post-war peace deal, Russia should leave all occupied territories in the post-Soviet space, not just Ukraine. She is referring to Abkhazia and Ossetia, which have been under Russian occupation ⤵️
since the 2008 war, which was a prelude to Russia's 2014-2023 wars against Ukraine. The idea is not bad and Moldova should join this initiative, which should be formalized and institutionalized with the help of the EU and the G7. At the Georgian level, the problem is⤵️
that the government is tolerant towards Russia (warming the ties in the time of war). From a more global strategic perspective, Ukraine needs collective support to defeat Russia and prepare the conditions for a peace deal in accordance with Ukraine's national interests.⤵️
#GlobalSouth: The West has communicated ineffectively about the Russian war against Ukraine in the Global South. 1) Scholz's recent meeting with Lula gave another evidence of that. Instead of supporting Ukraine, Brazil has proposed establishing a club of "neutral & non-aligned⤵️
nations", made up of Brazil, China, India and Indonesia to seek a peaceful solution to the military conflict. 2) None of these countries support sanctions or the provision of military support to Ukraine. 3) Although the West has learned to orchestrate & coordinate a common ⤵️
front against Russian aggression, it has completely ignored the dissemination of the undistorted narrative of events in Ukraine. 4) After almost a year of war, Western leaders are not understood beyond Western borders. 5) With access to markets in the Global South, Russia can⤵️
#Russia_Sanctions: The Russian regulator and companies in the field of air transport claim that flying is safe in Russia. According to them, Airbus and Boeing planes from Russian companies will be operational without problems by 2030.⤵️
This implies “cannibalization” by replacing components from one plane to another. This terminology is rejected by the Russian side, which states that it would be a normal practice, also used in Soviet times. Western sanctions made the export of spare components unavailable to⤵️
Russian companies. If Russia fails to establish an import chain for aircraft parts by 2025, it could lead to further cannibalization. In the end, at least 30% of the aircraft will have to be put out of use.
#GlobalSouth: The Russian MFA has sided with India against the BBC documentary critical towards to India's PM Modi. The British broadcaster was accused of "propaganda" that would target not only Russia, but also "other centers of global power".⤵️
It is obvious that Russia is feeding Indian nationalism by persuading it to position itself as a "global pole" of power in a multipolar international. As India emerges as the world's third largest economy (by 2027) and the first most populous country (by 2027),⤵️
Russia will intensify bilateral ties with New Delhi. MFA Lavrov will visit India to participate in the G20 meeting at the MFA level at the beginning of March.
#Ukraine: To stimulate business initiatives, the govt is willing to liberalize economic activity and drastically reduce regulatory frameworks. In this sense, more than 40% of the types of licenses and permits will be annulled. Although this should revive the economy destroyed⤵️
by Russian war, the dismantling of regulations must be carried out carefully so as not to affect the EU integration. Ukraine could try to combine the cancellation of unfit old regulations with the transposition of the regulations necessary to advance the EU accession dialogue.
#Critical_Goods: European pharmaceutical associations are ringing the bells about antibiotic shortages in the EU. The recent waves of respiratory infections as well as the reduction in the production of medicines due to high energy prices have affected the supply,⤵️
causing the current shortage. The European pharmaceutical regulator (EMA) is criticized for failing to monitor and prevent shortages. Stricter pharmaceutical legislation is called for from the EU Commission to detect potential shortages early and ensure supply resilience.⤵️
One part of the preventive tools that will be fully operational from 2025 is a European scarcity monitoring platform. By then, pharmaceutical stakeholders are demanding that the EMA effectively fulfill its post-COVID-19 responsibilities regarding drug shortages.