2. Russia puts out demands to renew the grain deal
4. Russia intensifies missile attacks
3. Ukraine counteroffensive has achieved success in 3 directions
4. Ukraine targets Crimea, again 1/
Grain deal. Russia has issued a warning that every ship in the Black Sea going to Ukraine through international or Ukrainian waters is considered to be a participant of the war, regardless of cargo, origin, and country. Russia will consider it a legitimate military target. 2/
This is terrorism, plain and simple. This is, of course, a violation of every possible maritime norm and international law. 3/
Putin has stated that Russia has been always keeping its part of the grain deal while the rest of the world violated its conditions. He said that he would consider returning to the deal if the conditions are met.
This is false. Putins conditions weren’t part of the deal. 4/
So this is essentially blackmail. “You let me have my way or I bomb the ships”. Now, Putin threatens not only Ukraine but the rest of the world.
Russia also said that every ship that tries to go to Ukraine will implicate its country as a party to the war. 5/
What are the conditions by Putin to restore the grain deal?
1. Removal of sanctions on agricultural shipments.
The problem with that is that there are no such sanctions.
2. Reconnecting Russian banks to SWIFT.
Some banks are still connected and there are no restrictions 6
On payment related to agriculture and fertilizers.
3. Allowing insurance for Russian ships.
Again, this insurance is allowed if what Russia ships is agriculture and not oil. Furthermore, oil shipments are insured if the contracts are under the price cap. 7/
So, basically Putin wants to trade oil above the price cap and uses food security as a leverage to achieve that.
There are other bogus demands of similar type, eg, allowing import for agricultural equipment. This import is allowed, unless of course it is a hidden defense import
What happened quite often is that Russia imports civilian components for agriculture, health industry etc and then they end up in drones and missiles. So, there kind of imports are now monitored, controlled, and verified if necessary. Russia doesn’t like it. 8/
Putin has made it clear that he never intended to use the grain deal to help with food security in the world but just as a leverage tool to remove sanctions. His behavior also shows that sanctions are stating to bite. 9/
3. Russia reports that four buildings in Crimea were damaged overnight by drones.
Ukraine continues to put pressure on Crimea. It is a strategic objective for Ukraine to make Crimea impossible to hold. 10/
4. Overnight Russia has launched 19 missiles and 19 drones. This is a second in a row attack of such scale. Ukraine has been able to intercept 5 out of 19 missiles and 13 out of 19 drones.
The damage is significant. Ukraine needs better air defense to render these attacks… twitter.com/i/web/status/1…
The institute for study of war reports that Ukrainian forces conducted counteroffensive operations on at least three sectors of the front on July 19 and made gains in these areas, including Avdiivka, Bakhmut, Melitopol directions.
It is day 513 of the invasion. 12X
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Ukraine reciprocates to Russia's threat to Black Sea vessels: Ships to/from Russian and temporarily occupied Ukrainian ports are now valid military targets.
This tit-for-tat situation is intriguing; Russia threatens Ukrainian ships, Ukraine responds similarly. 1/
The formal statement by the military of defense of Ukraine reads:
the Russian Federation has once again blatantly violated the universal right to free navigation and deliberately undermined food security, condemning millions of people to starvation 2/
By openly threatening civilian vessels transporting food from Ukrainian ports, launching missile attacks and drone attacks on civilian infrastructure in peaceful cities, deliberately creating a military threat on trade routes, the Kremlin has turned the Black Sea 3/
Contrary to the belief that Ukraine's reconstruction hinges on massive capital, lenient monetary policy, and fiscal deficits, a @cepr_org report posits that sustainable public finances and market-oriented reforms are key.
Main points of the report: 1/
The puts forward a macroeconomic framework for Ukraine's reconstruction and recovery after the war.
It makes recommendations in four areas:
1. fiscal policy 2. monetary and financial sector policies 3. labour market 4. regulatory environment 2/
The single main point of the report is that sustainable public finances, sound monetary policy, flexible labor markets, and a fair regulatory environment need to work together to deliver macroeconomic stability. 3/
I used to be a minister of economy, trade, and agriculture of Ukraine.
So, the grain deal matters to me.
After Russia pullout, there is only one way forward: Ukraine will continue shipments (with or) without Russia.
What else? 1/
Background: Russia announced it is suspending participation in the Black Sea grain deal that enabled Ukraine to export grain despite the naval blockade. This will upset food supply stability. 2/
How many people will be affected?
UN Secretary General said the decision will negatively impact millions facing hunger and consumers worldwide.
Before the war, Ukraine provided food security to 400 mln people around the world.
Next, Russians are gradually loosing in Bakhmut. There is a risk they will be encircled there or would have to retreat. Both would be a major embarrassment for Putin given how much propaganda argued that Bakhmut is a major win for Russia. 3/
How will the war end in Ukraine and what are the conditions for sustainable peace between Russia and Ukraine?
That’s a tough question I have been just asked at a conference in Greece.
The war will end and peace will be sustained with the removal of Putin from the office. 1/
The second question is easier to answer than the first.
What will make peace sustainable?
Sustainability of peace or any other agreement requires both parties to have a reputation to stick to the agreement. 2/
Without such reputations, parties will be suspicious of each other. Consequently, whenever something goes wrong, an accident, a rogue actor, an explosion, or even a mysterious death, a poisoning, or a movement of troops, it will be interpreted as a sign of violating peace. 3/
Former US President Donald Trump announced in a Fox News interview on July 16th that, if re-elected, he would urge Zelensky and Putin to sign a peace treaty. What might such a treaty entail? (Spoiler: it is not as bad as you think) 1/
Trump is currently the most popular candidate in the Republican party for the upcoming primaries before the 2024 presidential elections, according to public opinion polls. 2/
He is known for his pro-Russian remarks and criticism of Biden's actions. Some notable Trump's comments include: 3/