Trump Pressures 🇪🇺Europe on 🇷🇺Russian Oil Purchases a 🧵
1/ During a “Coalition of the Willing” video call led by @EmmanuelMacron, 🇺🇸@POTUS urged European leaders to stop buying Russian oil, emphasizing that such purchases fund Russia’s war in 🇺🇦. He cited that Russia earned approximately €1.1 billion from EU fuel sales over a year.
2/ While most EU countries ended imports of Russian crude in 2022 and refined fuel in 2023, there are still exceptions – most notably 🇭🇺and 🇸🇰– as well as refined products flowing indirectly via third countries like🇮🇳.
3/ The call occurred in a larger context where Europe and Ukraine were coordinating security guarantees post-war.
4/ Despite the threats, the Trump administration has not introduced new sanctions on Russia. However, it has imposed tariffs on India tied to its purchases of Russian oil.
5/ Trump stressed that this conflict isn't solely the U.S.'s responsibility, asserting Europe must increase its defense efforts and contributions. His tone reflected reluctance to expand American involvement further.
Source: @Reuters
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🧵: How did COVID-19 affect economic growth comparisons globally? A new @OECD_Stat study dives into non-market output measurement.
The paper explores whether different methods for measuring non-market output (like health & education services) impacted the comparability of economic growth estimates during COVID-19. Let’s unpack it!
1/ Non-market output (gov-provided services) is tricky to measure since there are no market prices. During COVID, health & education were hit hard—hospitals were overwhelmed, schools went online. Did measurement methods skew cross-country GDP comparisons? 🏥🏫
2/ The study looks at 38 OECD countries from 2010-2023, focusing on Gross Value Added (GVA) in health, education, and total economy. It tests four methods: deflation (input/output prices) and direct indicators (input/output measures). 📈
1/5 U.S. President @realDonaldTrump has often expressed that the 🇺🇸 should assert control over 🇬🇱, describing the acquisition of the expansive Arctic territory as an "absolute necessity." He has not dismissed the possibility of employing military force or economic pressure to obtain it from 🇩🇰.
@realDonaldTrump 2/5 If we look at the underlying conditions that made Donald Trump say out loud the things he did, it is not at all unfounded.👇 buff.ly/3ChMHaz
@realDonaldTrump 3/5 Danish PM Mette Frederiksen seeks EU backing against Trump's new imperial ambitions. In a matter of days, @Statsmin met with 🇩🇪's @Bundeskanzler, 🇫🇷 's @EmmanuelMacron, and NATO's @SecGen to discuss the current security situation.
1/9: NATO Leaders to Discuss Record-High Military Spending
NATO’s new defense plans will face scrutiny as leaders meet on Wednesday, 10 July, to discuss ramping up the alliance’s defense capabilities amid rising tensions with Russia.
2/9: No Cost-Free Options
NATO Secretary-General Jens Stoltenberg emphasized the stakes: “There are no cost-free options with an aggressive Russia as a neighbor. The biggest cost and the greatest risk will be if Russia wins in Ukraine. We cannot let that happen.”
3/9: Urgent Preparations Needed
High-ranking Western military officials from Germany, Poland, and Sweden stress the need for NATO to be war-ready within the next decade.
🧵1/6 GLOBSEC Trends 2024 just published.
The Slovakian think tank GLOBSEC has published its new annual report on opinion polling from across Central and Eastern Europe titled the CEE: A Brave New Region? 📎 ➡️ buff.ly/4dpr5qf
2/6 The report covers polls from the CEE region and provides insights into how the respondents view the 🇪🇺 , #NATO, 🇷🇺 , or 🇨🇳 , to what extent they support Ukraine, and whether they are satisfied with democracy or believe manipulative narratives. Here are the key findings ⬇️
3/6 BACKING OF THE EU AND NATO
Strong support for EU and NATO membership remains high, with 78% in favor of the EU and 81% of NATO. Respondents also recognize NATO's role as a security guarantee. Our commentary on the EU's changing nature in the CEE: buff.ly/44qti0u