At the beginning, the historic significance of the summit was explained by NATO’s Deputy General Secretary Mircea Geoana at the NATO Public Forum: “It is the most important summit for generations. Generations that never believed that after the atrocities of the First and Second World War, war is still possible in our continent. It shattered the assumptions in which our societies, our security, our economies were built.”
Russian Deputy Prime Minister Alexander Nowak visited the Russian exclave of Kaliningrad. He met with Anton Alikhanov, the region’s governor, to discuss efforts to strengthen the exclave’s energy security. Perhaps Russia is seeking to go tit-for-tat after Lithuania had banned the transit of some goods to the Kaliningrad region over EU sanctions.
India is seeking to double down on Russian oil imports while Russia is sending more oil from its Kozmino port in the Far East. China suspends imports while other countries, including Sri Lanka, evince growing interest in Russian hydrocarbons. Russia sells oil at heavy discounts, overtaking oil-rich Gulf monarchies that would send its hydrocarbons to the east. They are forced to cut oil prices to make Russian oil less attractive in the long run.
Leonid Fedun, the vice president of Russia’s second-largest oil producer Lukoil, has stepped down from his post shortly after the company’s CEO Vagit Alekperov had left the energy giant. Both resignations probably came in response to Western sanctions on Russia. An owner of a top-tier Russian soccer club, Spartak, Fedun had never been sanctioned for his business activity.
On June 28, Bulgaria ordered 70 Russian diplomatic staff out of the country, claiming that they have been working against Sofia’s interests. The expulsion is another blow to the Russian spy ring in Bulgaria.
Russian oil tankers are sailing under a foreign flag to avoid sanctions. China has helped Putin’s Russia by ramping up purchases of Russian oil.
Since Russia launched its most recent invasion of Ukraine on February 24, the United States and NATO have provided political, military, economic, and other forms of aid and support to Ukraine. While well-intentioned, Washington could improve the types, quantity, and velocity of the aid it provides to Kyiv.
From June 28th to June 30th the NATO summit 2022 will take place in Madrid. It will be attended by the Heads of State and Government of every member state as well as by NATO’s pacific partners Australia, New Zealand, Japan and South Korea.
Along with the development of technological innovation, cybercrime is growing, and companies are increasingly falling prey to it. According to the calculations of Chuck Robbins – CEO of Cisco, if you compare the amount of losses generated globally by online criminals with global economies, cybercriminals could successfully create the third largest economy in the world.
The visit of Klaus Iohannis to Ukraine was necessary and one of the more frequent comments was “better late than never”. His presence, however, remained somewhat overshadowed by Emmanuel Macron, Olaf Scholz and Mario Draghi. There were also opinions that his presence supported their policy of concessions to Russia. The case, however, is more nuanced.
A two-month operation to target Ukrainian positions in Severodonetsk failed to produce any tangible effects for Russia. The best way would consist in encircling Ukrainian troops in the Azov chemical plant but Russian forces are unable to do so, seeking to cut off the Ukrainians further, which is on the western bank of the Donets River. Claiming Lysychansk would put an end to the defense of Severodonetsk.
Since the war in Ukraine has begun, due to the strong and adverse response from the West, many experts were cautiously observing China’s role in the conflict. One of the questions was to what extent China would replace the EU in the terms of economic relations, and after the planned embargo on Russian oil introduced by the EU.