2022/03/23 (020) Column


Brother War 2.0 – A National Socialist Dejavu!?
How Can We Help Ukrainians? Like MAGA & Not Warlords!
US Stock Markets Fell over 1% While Wednesdays Trading Session,
While The USD Index Gained Further Ground Towards The 99 Points.


How We Can Help Ukrainians?
1
On Thursday morning, February 25, 2022, Russian President Vladimir Putin gave the order to attack Ukraine. In a televised address at 5:30 a.m. Russian time, Putin addressed his people and the world community to justify this breach of international law. The Russian transcription of Putin’s speech has been made available by the Kremlin: http://kremlin.ru/events/president/news/67843

Even before Russia invaded Ukraine, tensions between Russia and the western powers had risen. The western community of states warned Russia against violating the borders and repeatedly called for de-escalation. One reason why German Foreign Minister Annalena Baerbock (Greens) and Chancellor Olaf Scholz (SPD) had tried to mediate several times. Most Western countries still regard the annexation of Crimea as illegal under international law. At the time, the European Union and the United States imposed sanctions in the form of entry bans and account freezes on Russian and Ukrainian politicians and restricted trade. Russia then stopped imports of agricultural products from the EU and the USA. However, Germany is dependent on Russian gas supplies, which currently cover around 40 percent of German gas consumption. Britain, meanwhile, continued to supply arms to Ukraine. The federal government has meanwhile changed its position and is now also sending weapons to Ukraine. According to Chancellor Scholz, these are anti-tank weapons and anti-aircraft missiles. Also, the federal government has allowed German-made weapons that are now in the Netherlands and Estonia to be transferred to Ukraine.

In a video address to the French parliament, Ukrainian President Volodymyr Zelenskyy called for more pressure on Russia. In his appearance from Kyiv, Zelensky appealed to French companies to leave Russia and stop financing a war. Ukraine also expects a decision on its application to join the EU to be made by the end of June during France’s EU presidency. Selenskyj spoke of a historic decision at a historic moment. The Ukrainian President has spoken to several parliaments by video message since the beginning of the war, including this morning in Tokyo. France and the US have unequivocally condemned Russia’s warfare in Ukraine. “The cities of Kyiv, Mariupol and Mykolaiv, like so many others, are besieged and mercilessly shelled by the Russian army. It is a massacre and the worst is yet to come,” French Ambassador Nicolas de Riviere told the United Nations General Assembly in NYC. The US government is now officially accusing Russian troops in Ukraine of war crimes. “Today I am able to announce that, based on the information currently available, the US government has determined that members of the Russian armed forces in Ukraine have committed war crimes,” said US Secretary of State Antony Blinken. “Our assessment is based on a careful review of available information from public and intelligence sources.” Addressing MEPs, Canada’s Prime Minister Justin Trudeau, stressed that NATO and the EU are more resolved and united than ever and that pressure on Putin must be increased. Opening the debate on Wednesday afternoon, Parliament President Roberta Metsola said Canada was an ally and precious partner of the EU. “Our relationship has withstood the test of time”, she said. Addressing Russia’s invasion of Ukraine, President Metsola stressed the joint commitment the EU and Canada have made and said their shared core values were under attack. “This is our generation’s moment to live up to the world we have inherited”, she added. In his speech, Prime Minister Justin Trudeau condemned “Putin’s criminal invasion of a sovereign, independent, democracy: Ukraine.” “Vladimir Putin has violated the most basic precepts of international law. And he is now killing innocent civilians by bombing hospitals and residential buildings. This blatant disregard for the law and for human life poses an immense threat to Europe and to the world”, he said. “Canada, the EU, and all of our partners and allies are facing a defining moment. We cannot fail. We must meet this moment. Putin thought democracy was weak. He thought he could weaken the EU and NATO. But he miscalculated. NATO and the EU are now more resolved and united than ever”, he said, before adding: “We cannot let Ukraine down. They are counting on us. So let us use all the tools we have at our disposal. We must continue to impose unprecedented sanctions on Putin and his enablers in Russia and Belarus, increasing the pressure, as much as we can”, the Canadian Prime Minister said.

We, the so-called West, under the cloak of NATO and/or the EU, have to give the Ukrainian political leadership not only monetary and/or material what it wants, but also military, if you ask us (our political leaders). should. So that you can defend yourself. Because if the west of the Ukraine does not help outright, it remains, if I may write so simply soberly, “aid not provided”! Or?US Stocks Close Lower
The Dow lost more than 400 points and both the S&P 500 and the Nasdaq fell over 1% on Wednesday, as investors looked ahead to tighter monetary policy from the Fed and inflation concerns returned with oil prices resuming the rally. Markets were recalibrating the possibility of a 50-bps hike in May following hawkish comments from several policymakers this week. Fed Chair Powell opened the door for a more aggressive move to tame inflation, which is now running at 40 years highs. Meanwhile, Ukrainian President Zelenskyy called for more pressure on Russia from Western countries as ongoing peace talks between Moscow and Kyiv failed to progress. Financials were among the worst performers while the energy sector rose along with utilities. Among single stocks, Photoshop maker Adobe slipped after it forecast downbeat Q2 revenue and profit while General Mills gained on strong earnings and GameStop also rose after Chairman Cohen’s investment company bought 100,000 shares of the videogame retailer.

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Marko Horvat

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