Pubblicato in: Banche Centrali, Geopolitica Mondiale, India, Senza categoria

India. Una grande potenza politica ed economica in continua ascesa.

Giuseppe Sandro Mela.

2022-11-26.

2022-11-19__ India Indicators 001

L’india è cresciuta molto velocemente nel corso degli anni, mostrando soprattutto un elevato senso dello equilibrio.

Non ha assunto schieramenti ideologici.

«il suo governo è stato ripetutamente criticato per la repressione della libertà di parola e per le politiche discriminatorie nei confronti delle minoranze»: già. Ma a criticarlo erano i liberal democratici, quelli che adesso sono orfani di Joe Biden.

* * *

India. Lancia altri 36 satelliti di comunicazioni per OneWeb.

India. È diventata la sesta economia mondiale e sorpassa il Regno Unito che retrocede.

India. È diventata il maggiore importatore di petrolio russo.

India. Imf stima la crescita al 7.4% per il 2022 ed al 6.1% per il 2023.

India. Carbone. Utilizza oltre un trilione di tonnellate ed importa tranquillante il carbone russo.

India. Non appoggia bensì si dissocia dalle sanzioni alla Russia.

India. Prosegue tranquilla a comprare petrolio dalla Russia. Non accetta le sanzioni di Joe Biden.

India – Russia accordo per usare rupia e rublo come valute di scambio. – Sfregio a Biden.

Nazioni Unite. Cina, India ed Emirati Arabi Uniti si astengono e Russia pone il veto.

* * * * * * *

                         Ucraina, una frase familiare spiccava nel documento di 1,186 pagine. L’era odierna non deve essere quella della guerra, si leggeva, facendo eco a quanto detto dal Primo Ministro indiano Narendra Modi al leader russo Vladimir Putin durante un incontro faccia a faccia a settembre. I media e i funzionari del Paese di 1.3 miliardi di abitanti hanno subito rivendicato l’inclusione come un segno che la più grande democrazia del mondo ha svolto un ruolo vitale nel colmare le differenze tra una Russia sempre più isolata e gli Stati Uniti e i suoi alleati.

                         Il messaggio del Primo Ministro, secondo cui questa non è l’era della guerra ha risuonato profondamente in tutte le delegazioni e ha contribuito a colmare il divario tra le diverse parti.

                         Mentre Nuova Delhi bilancia abilmente i suoi legami con la Russia e l’Occidente, Modi, secondo gli analisti, sta emergendo come un leader che è stato corteggiato da tutte le parti, conquistando il sostegno in patria e cementando l’India come broker di potere internazionale. Modi, d’altra parte, ha tenuto una serie di discussioni con diversi leader mondiali, tra cui il neo-primo ministro britannico Rishi Sunak, che hanno riguardato la sicurezza alimentare e l’ambiente, la salute e la rinascita economica, evitando di condannare apertamente l’aggressione di Putin e continuando a prendere le distanze dalla Russia.

                         Dall’inizio della guerra, l’India ha ripetutamente chiesto la cessazione della violenza in Ucraina, senza condannare apertamente l’invasione della Russia. Voglio assicurare che la presidenza indiana del G20 sarà inclusiva, ambiziosa, decisa e orientata all’azione. Il posizionamento dell’India per il vertice del prossimo anno è molto incentrato sull’essere la voce del mondo in via di sviluppo e del Sud globale.

                         Sebbene Modi rimanga immensamente popolare in un Paese in cui circa l’80% della popolazione è indù, il suo governo è stato ripetutamente criticato per la repressione della libertà di parola e per le politiche discriminatorie nei confronti delle minoranze. Ma credo che la sua posizione internazionale derivi dalla sua posizione interna. Se questa rimane forte, il pubblico internazionale è destinato a rispettarlo.

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«When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document. Today’s era must not be of war, it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin during a face-to-face meeting in September. Media and officials in the country of 1.3 billion were quick to claim the inclusion as a sign that the world’s largest democracy had played a vital role in bridging differences between an increasingly isolated Russia, and the United States and its allies.»

«The Prime Minister’s message that this is not the era of war… resonated very deeply across all the delegations and helped bridge the gap across different parties,»

«As New Delhi deftly balances its ties to Russia and the West, Modi, analysts say, is emerging as a leader who has been courted by all sides, winning him support at home, while cementing India as an international power broker. Modi, on the other hand, held a series of discussions with several world leaders, including newly appointed British Prime Minister Rishi Sunak, ranging from food security and environment, to health and economic revival – steering largely clear of condemning Putin’s aggression outright, while continuing to distance his country from Russia»

«Since the start of the war, India has repeatedly called for a cessation of violence in Ukraine, falling short of condemning Russia’s invasion outright. I want to assure that India’s G20 presidency will be inclusive, ambitious, decisive, and action-oriented. India’s positioning of next year’s summit is very much of being the voice of the developing world and the global South»

«While Modi remains immensely popular in a country where about 80% of the population is Hindu, his government has been repeatedly criticized for a clampdown on free speech and discriminatory policies toward minority groups. But I think his international standing comes from his domestic standing. And if that remains strong, then the international audience is bound to respect him»

* * * * * * *


G20’s criticism of Russia shows the rise of a new Asian power. And it isn’t China.

Hong Kong CNN. When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document.

“Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin during a face-to-face meeting in September.

Media and officials in the country of 1.3 billion were quick to claim the inclusion as a sign that the world’s largest democracy had played a vital role in bridging differences between an increasingly isolated Russia, and the United States and its allies.

“How India united G20 on PM Modi’s idea of peace,” ran a headline in the Times of India, the country’s largest English-language paper. “The Prime Minister’s message that this is not the era of war… resonated very deeply across all the delegations and helped bridge the gap across different parties,” India’s Foreign Secretary Vinay Kwatra told reporters Wednesday.

The declaration came as Indonesian President Joko Widodo handed over the G20 presidency to Modi, who will host the next leaders’ summit in the Indian capital New Delhi in September 2023 – about six months before he is expected to head to the polls in a general election and contest the country’s top seat for a third time.

As New Delhi deftly balances its ties to Russia and the West, Modi, analysts say, is emerging as a leader who has been courted by all sides, winning him support at home, while cementing India as an international power broker.

“The domestic narrative is that the G20 summit is being used as a big banner in Modi’s election campaign to show he’s a great global statesmen,” said Sushant Singh, a senior fellow at New Delhi-based think tank Center for Policy Research. “And the current Indian leadership now sees themselves as a powerful country seated at the high table.”

                         India bridges ‘multiple antagonists’

On some accounts, India’s presence at the G20 was overshadowed by the much anticipated meeting between Chinese leader Xi Jinping and US President Joe Biden, and the scramble to investigate the killing of two Polish citizens after what Warsaw said was a “Russian-made missile” landed in a village near the NATO-member’s border with Ukraine.

Global headlines covered in detail how Biden and Xi met for three hours on Monday, in an attempt to prevent their rivalry from spilling into open conflict. And on Wednesday, leaders from the G7 and NATO convened an emergency meeting in Bali to discuss the explosion in Poland.

Modi, on the other hand, held a series of discussions with several world leaders, including newly appointed British Prime Minister Rishi Sunak, ranging from food security and environment, to health and economic revival – steering largely clear of condemning Putin’s aggression outright, while continuing to distance his country from Russia.

While India had a “modest agenda” for the G20 revolving around the issues of energy, climate, and economic turmoil as a result of the war, Western leaders “are listening to India as a major stakeholder in the region, because India is a country that is close to both the West and Russia,” said Happymon Jacob, associate professor of diplomacy and disarmament at the Jawaharlal Nehru University (JNU) in New Delhi.

New Delhi has strong ties with Moscow dating back to the Cold War, and India remains heavily reliant on the Kremlin for military equipment – a vital link given India’s ongoing tensions at its shared Himalayan border with an increasingly assertive China.

At the same time, New Delhi has been growing closer to the West as leaders attempt to counter the rise of Beijing, placing India in a strategically comfortable position.

“One of the ways in which India had an impact at the G20 is that it seems to be one of the few countries that can engage all sides,” said Harsh V. Pant, professor in international relations at King’s College London. “It’s a role that India has been able to bridge between multiple antagonists.”

                         ‘Voice of the developing world’

Since the start of the war, India has repeatedly called for a cessation of violence in Ukraine, falling short of condemning Russia’s invasion outright.

But as Putin’s aggression has intensified, killing thousands of people and throwing the global economy into chaos, analysts say India’s limits are being put to the test.

Observers point out Modi’s stronger language to Putin in recent months was made in the context of rising food, fuel and fertilizer prices, and the hardships that was creating for other countries. And while this year’s G20 was looked at through the lens of the war, India could bring its own agenda to the table next year.

“India’s taking over the presidency comes at a time when the world is placing a lot of focus on renewable energy, rising prices and inflation,” Jacob from JNU said. “And there is a feeling that India is seen as a key country that can provide for the needs of the region in South Asia and beyond.”

Soaring global prices across a number of energy sources as a result of the war are hammering consumers, who are already grappling with rising food costs and inflation.

Speaking at the end of the G20 summit on Wednesday, Modi said India was taking charge at a time when the world was “grappling with geopolitical tensions, economic slowdown, rising food and energy prices, and the long-term ill-effects of the pandemic.”

“I want to assure that India’s G20 presidency will be inclusive, ambitious, decisive, and action-oriented,” he said in his speech.

India’s positioning of next year’s summit is “very much of being the voice of the developing world and the global South,” Pant, from King’s College London, said.

“Modi’s idea is to project India as a country that can respond to today’s challenges by echoing the concerns that some of the poorest countries have about the contemporary global order.”

                         All eyes on Modi

As India prepares to assume the G20 presidency, all eyes are on Modi as he also begins his campaign for India’s 2024 national election.

Domestically, his Hindu-nationalist Bharatiya Janata Party’s (BJP) populist politics have polarized the nation.

While Modi remains immensely popular in a country where about 80% of the population is Hindu, his government has been repeatedly criticized for a clampdown on free speech and discriminatory policies toward minority groups.

Amid those criticisms, Modi’s political allies have been keen to push his international credentials, portraying him as a key player in the global order.

 “(The BJP) is taking Modi’s G20 meetings as a political message that he is bolstering India’s image abroad and forging strong partnerships,” said Singh, from the Center for Policy Research.

This week, India and Britain announced they are going ahead with a much anticipated “UK-India Young Professionals Scheme,” which will allow 3,000 degree-educated Indian nationals between 18 and 30 years old to live and work in the United Kingdom for up to two years.

At the same time, Modi’s Twitter showed a flurry of smiling photographs and video of the leader with his Western counterparts.

“His domestic image remains strong,” Singh said, adding it remains to be seen whether Modi can keep up his careful balancing act as the war progresses.

“But I think his international standing comes from his domestic standing. And if that remains strong, then the international audience is bound to respect him.”

Pubblicato in: Commercio, India, Logistica, Regno Unito

India. Lancia altri 36 satelliti di comunicazioni per OneWeb.

Giuseppe Sandro Mela.

2022-10-27.

India 013

                         La società satellitare londinese OneWeb è tornata in pista con il lancio di altre 36 navicelle per il suo sistema globale di Internet a banda larga. Le piattaforme sono salite su un razzo GSLV dall’isola di Sriharikota, in India. Gli sforzi di OneWeb per distribuire la sua rete di telecomunicazioni sono stati sospesi da marzo, quando è stato costretto a sospendere l’uso dei razzi russi Soyuz. Il volo di domenica porta a 462 il numero di satelliti in orbita sopra la Terra.

                         L’azienda, in parte di proprietà del governo britannico, prevede di completare l’installazione a metà del prossimo anno.

Il Geosynchronous Satellite Launch Vehicle (GSLV), il razzo più grande e più capace dell’India, si è sollevato dallo spazioporto Satish Dhawan, nello Stato dell’Andhra Pradesh.

                          Ci vorranno alcune settimane prima che i motori a ioni dei veicoli spaziali li portino nelle loro orbite polari operative, a 1,200 km di altezza. OneWeb offre già connessioni a banda larga ad alta velocità ai clienti beta al di sopra dei 50 gradi nord e sud. Quest’ultimo lancio e un altro entro la fine dell’anno avvicineranno la copertura all’equatore.

* * * * * * *

«The London-based satellite company, OneWeb, is back on track with the launch of another 36 spacecraft for its global broadband internet system. The platforms went up on a GSLV rocket from Sriharikota island in India. OneWeb’s efforts to deploy its telecommunications network had been on hold since March when it was forced to suspend use of Russian Soyuz rockets. Sunday’s flight brings the number of satellites now in orbit above the Earth to 462.»

«The firm, part owned by the British government, expects to complete the roll-out in the middle of next year.

The Geosynchronous Satellite Launch Vehicle (GSLV), India’s largest and most capable rocket, lifted clear of the Satish Dhawan spaceport in the state of Andhra Pradesh»

«It will be some weeks before the ion engines on the spacecraft move them to their operational, 1,200km-high, polar orbits. OneWeb is already offering high-speed broadband connections to beta customers above 50 degrees North and South. This latest launch and another before the end of the year will pull coverage closer to the equator.»

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Indian rocket launches 36 OneWeb satellites

The London-based satellite company, OneWeb, is back on track with the launch of another 36 spacecraft for its global broadband internet system.

The platforms went up on a GSLV rocket from Sriharikota island in India.

OneWeb’s efforts to deploy its telecommunications network had been on hold since March when it was forced to suspend use of Russian Soyuz rockets.

Sunday’s flight brings the number of satellites now in orbit above the Earth to 462.

This is more than 70% of the total OneWeb needs to achieve worldwide coverage with its first-generation constellation.

The firm, part owned by the British government, expects to complete the roll-out in the middle of next year.

The Geosynchronous Satellite Launch Vehicle (GSLV), India’s largest and most capable rocket, lifted clear of the Satish Dhawan spaceport in the state of Andhra Pradesh at 00:07 on Sunday morning (19:37 BST, Saturday).

It took an hour and a half to get all the satellites unloaded at an altitude of 600km. It will be some weeks before the ion engines on the spacecraft move them to their operational, 1,200km-high, polar orbits.

The situation for OneWeb was looking very uncertain back in March.

The company’s plans were knocked off course by the war in Ukraine.

The conflict, and the resulting Western sanctions against Russia, led to the firm losing access to Russian Soyuz rockets.

With only two-thirds of its satellites in orbit, OneWeb had to move quickly to secure rides on other carriers. Deals were struck with American rocket providers SpaceX and Relativity Space, and India’s New Space India Limited, the commercial arm of India’s space agency, Isro, which markets the GSLV.

OneWeb is already offering high-speed broadband connections to beta customers above 50 degrees North and South. This latest launch and another before the end of the year will pull coverage closer to the equator.

“We need to get these launches away that we’re doing before Christmas, and that will enable us to turn on the service from 25 degrees North and 25 degrees South. Then we’ll complete the roll-out of the constellation by spring, which enables us to complete global commercial service by the end of next year,” OneWeb CEO Neil Masterson said.

The big news since March has been the proposed merger between OneWeb and Paris-headquartered Eutelsat.

The French firm operates telecommunications spacecraft higher in the sky in what’s termed Geostationary Orbit, at 36,000km in altitude. It is one of the biggest distributors in the world of direct-to-home TV.

The merger plan is currently working its way through the competition and regulatory approval process.

Pubblicato in: Banche Centrali, Brasile, Cina, Devoluzione socialismo, Geopolitica Mondiale, India, Russia

Arabia Saudita. Ha chiesto di aderire al Gruppo Brics. Calcio nei denti a Joe Biden.

Giuseppe Sandro Mela.

2022-10-21.

Banca Centrale Cina

                         L’Arabia Saudita vuole entrare a far parte di un’alleanza che controlla un quarto dell’economia mondiale. Il principe ereditario dell’Arabia Saudita Mohammed bin Salman ha espresso il desiderio del Regno dell’Arabia Saudita di unirsi al gruppo BRICS. Va notato che l’Arabia Saudita non è l’unico Paese in cerca di adesione (BRIX). Il gruppo BRICS è stato fondato nel 2006 ed è l’abbreviazione delle iniziali inglesi dei nomi dei Paesi membri dell’organizzazione (Brasile, Russia, India, Cina, Sudafrica). Questo blocco è considerato quello con la crescita economica più rapida al mondo: i Paesi BRICS producono circa il 25% della produzione mondiale e occupano circa il 26% della massa terrestre.

                         Il piano della Cina di espandere il blocco commerciale dei BRICS preoccupa l’Occidente. Il blocco commerciale allargato dei BRICS, dominato da Pechino, viene promosso come una vera alternativa al G7 e solleva grandi preoccupazioni per l’Occidente. Arabia Saudita, Egitto e Argentina hanno presentato domanda di adesione. Il BRICS è attualmente composto da Brasile, Russia, India, Cina e Sudafrica. Insieme all’alleato russo, la Cina sta sviluppando il sistema bancario SPFS – l’equivalente russo del sistema di trasferimento bancario SWIFT – che, se offerto ai partner BRICS, consentirebbe a Pechino e ai suoi alleati commerciali di svincolarsi dal dollaro USA con il minimo disturbo per le loro economie.

                         La adesione dell’Arabia Saudita ai BRICS comporterà un cambiamento significativo nei Paesi che formano il blocco.

* * * * * * *


Saudi Arabia wants to join an alliance that controls a quarter of the world economy.

«Crown Prince of Saudi Arabia Mohammed bin Salman has expressed the desire of the Kingdom of Saudi Arabia to join the BRICS group. It should be noted that Saudi Arabia is not the only country seeking membership (BRIX).

The BRICS group was founded in 2006 and is an abbreviation of the English initials of the names of the countries that are members of the organization (Brazil, Russia, India, China, South Africa).

This bloc is considered to have the fastest economic growth in the world, with the BRICS countries producing about 25% of world production and occupying about 26% of the world’s land mass.»

* * * * * * *


China’s plan to expand BRICS trading bloc a major concern to West, says UK intelligence group.

«KCS Group Europe (KCSGE) says that an expanded BRICS trading bloc, dominated by Beijing, is being promoted as a real alternative to the G7 and raises major concerns for the West. ‏‏Saudi Arabia, Egypt and Argentina have applied for membership. BRICS is currently comprised of Brazil, Russia, India, China and South Africa. ‏‏Together with its ally Russia, China has been developing the SPFS banking system – the Russian equivalent of the SWIFT banking transfer system.‏ ‏If offered to its BRICS partners, it would allow Beijing and its trading allies to decouple from the US dollar with the minimum of disruption to their economies.»

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Saudi Arabia expresses desire to join BRICS family.

The decision for Saudi Arabia to join BRICS will be discussed next year.

President Cyril Ramaphosa has confirmed that the Kingdom of Saudi Arabia has expressed a desire to join the Brazil, Russia, India, China and South Africa (BRICS) family.

Ramaphosa visited Saudi Arabia at the invitation of the Custodian of the Two Holy Mosques, His Royal Highness (HRH) King Salman bin Abdulaziz Al-Saud, and was hosted in Jeddah by HRH Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman bin Abdulaziz al Saud on 15 and 16 October.

Saudi Arabia and BRICS

The president said Saudi Arabia’s joining of BRICS would mean significant change in the countries that form the bloc.

Pubblicato in: Banche Centrali, Devoluzione socialismo, India, Regno Unito

India. È diventata la sesta economia mondiale e sorpassa il Regno Unito che retrocede.

Giuseppe Sandro Mela.

2022-09-07.

India 013

India. È diventata il maggiore importatore di petrolio russo.

India. Imf stima la crescita al 7.4% per il 2022 ed al 6.1% per il 2023.

India. Carbone. Utilizza oltre un trilione di tonnellate ed importa tranquillante il carbone russo.

India. Non appoggia bensì si dissocia dalle sanzioni alla Russia.

India. Prosegue tranquilla a comprare petrolio dalla Russia. Non accetta le sanzioni di Joe Biden.

India – Russia accordo per usare rupia e rublo come valute di scambio. – Sfregio a Biden.

* * * * * * *

La Gran Bretagna ha perso terreno rispetto all’India, diventando la sesta economia del mondo: un duro colpo per il governo del Regno Unito, attualmente alle prese con un forte shock del costo della vita. Negli ultimi tre mesi del 2021, l’India, ex colonia britannica, ha superato il Regno Unito diventando la quinta economia.

La caduta del Regno Unito nelle classifiche internazionali è un brutto scenario per il nuovo primo ministro. Il ministro degli Esteri Liz Truss dovrebbe sconfiggere Rishi Sunak, ex cancelliere dello Scacchiere.

L’economia indiana, tuttavia, dovrebbe crescere di oltre il 7% nell’anno fiscale in corso. In questo trimestre, i titoli indiani hanno registrato un rimbalzo mondiale e il loro peso è salito al secondo posto nell’indice MSCI Emerging Markets. Sono inferiori solo alla Cina. L’economia indiana ammonta a 854.7 miliardi di dollari in termini di liquidità nel trimestre di marzo, se aggiustata per il tasso di cambio del dollaro nell’ultimo giorno di ogni trimestre. Il Regno Unito era di 816 miliardi di dollari sulla stessa base.

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«Britain has fallen behind India to become the sixth-largest economy in the world, which is a blow to the government of the UK which is currently struggling with an extreme cost-of-living shock. In the last three months of 2021, India, a former British colony, surpassed the UK to become the fifth largest economy»

«The UK’s fall in international rankings is a bad backdrop for the new prime minister. Foreign Secretary Liz Truss is expected to defeat Rishi Sunak, former Chancellor of Exchequer.»

«The Indian economy, however, is expected to grow by more than 7% this fiscal year. This quarter, Indian stocks have seen a world-beat rebound and their weighting has risen to the second spot on the MSCI Emerging Markets Index. They trail only China. The Indian economy was $854.7 billion in March quarter cash terms if adjusted for the dollar exchange rate on the last day of each quarter. The UK was $816billion on the same basis.»

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UK Slips Behind India to Become World’s Sixth Biggest Economy

Britain has fallen behind India to become the sixth-largest economy in the world, which is a blow to the government of the UK which is currently struggling with an extreme cost-of-living shock.

In the last three months of 2021, India, a former British colony, surpassed the UK to become the fifth largest economy.

According to the International Monetary Fund, the calculation is made in US dollars. India has extended its lead in quarter one, according to GDP figures.

The UK’s fall in international rankings is a bad backdrop for the new prime minister. Foreign Secretary Liz Truss is expected to defeat Rishi Sunak, former Chancellor of Exchequer.

The winner will be the one to take control of a nation that is experiencing the highest inflation rate in 40 years and a rising risk of a recession, according to the Bank of England. This could continue well into 2024.

The Indian economy, however, is expected to grow by more than 7% this fiscal year. This quarter, Indian stocks have seen a world-beat rebound and their weighting has risen to the second spot on the MSCI Emerging Markets Index. They trail only China.

The Indian economy was $854.7 billion in March quarter cash terms if adjusted for the dollar exchange rate on the last day of each quarter. The UK was $816billion on the same basis.

Calculations were made using historical exchange rates from the Bloomberg terminal and the IMF database.

It is possible that the UK will have fallen even further since. The UK’s GDP increased by 1% in cash terms during the second quarter, and after accounting for inflation, fell by 0.1%. The sterling has also performed poorly relative to the dollar, with the pound dropping 8% this year against the Indian currency.

According to the IMF forecast, India will surpass the UK in dollar terms annually this year. This puts India behind only the US, as well as Germany, Japan, and China. India has ranked 11th on the list of largest economies a decade ago. The UK was 5th.

Pubblicato in: Devoluzione socialismo, India, Materie Prime, Russia

India. È diventata il maggiore importatore di petrolio russo.

Giuseppe Sandro Mela.

2022-09-03.

2022-09-03__ India Is New Major Player in Russian Oil Market Once Dominated by China 001

India. Imf stima la crescita al 7.4% per il 2022 ed al 6.1% per il 2023.

India. Carbone. Utilizza oltre un trilione di tonnellate ed importa tranquillante il carbone russo.

India. Non appoggia bensì si dissocia dalle sanzioni alla Russia.

Nazioni Unite. Cina, India ed Emirati Arabi Uniti si astengono e Russia pone il veto.

India. Prosegue tranquilla a comprare petrolio dalla Russia. Non accetta le sanzioni di Joe Biden.

India. Le semine di riso sono calate del 46% rispetto lo scorso anno a causa dei monsoni.

India. Impianterà miniere di carbone in Botswana.

India – Russia accordo per usare rupia e rublo come valute di scambio. – Sfregio a Biden.

* * * * * * *

L’India si è spinta in un angolo del mercato petrolifero russo un tempo dominato dalla Cina, prendendo un numero record di spedizioni di una qualità di petrolio dell’Estremo Oriente, mentre le conseguenze dell’invasione dell’Ucraina da parte di Mosca rimodellano i flussi commerciali.

Secondo i commercianti e gli agenti marittimi, ad agosto sei navi che trasportavano greggio russo noto come ESPO erano dirette alle raffinerie della nazione dell’Asia meridionale. Si tratta del numero più alto di carichi acquistati dall’India da quando è stato introdotto questo flusso, e rappresenta quasi un quinto delle spedizioni mensili disponibili.

Il greggio ESPO sta diventando un flusso costante per l’India, un paese che per anni non è stato un grande fan di questa varietà.

L’India è emersa come uno dei principali acquirenti di energia russa sulla scia dell’invasione, accaparrandosi milioni di barili di greggio a prezzi scontati evitati da Europa e Stati Uniti. Con il protrarsi del conflitto, il terzo importatore di petrolio ha dapprima incrementato gli acquisti del greggio di punta degli Urali, che proviene dalla parte occidentale della Russia, e ora è in competizione per l’ESPO, un tipo di greggio ricco di distillati che proviene dall’est e che era tipicamente favorito dagli acquirenti cinesi. Questo ha lasciato i Paesi del Nord Asia, come Cina, Corea del Sud e Giappone, in competizione per le 30-35 spedizioni mensili.

* * * * * * *

«India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the fallout from Moscow’s invasion of Ukraine reshapes trade flows.

Six vessels hauling Russian crude known as ESPO were headed to refiners in the South Asian nation in August, according to traders and shipbrokers. That’s the highest number of cargoes purchased by India since the stream was introduced, and accounts almost one-fifth of available monthly shipments.»

«ESPO crude is now becoming a steady flow for India, a country that wasn’t a big fan of the variety for years»

«India has emerged as a key buyer of Russian energy in the wake of the invasion, scooping up millions of barrels of discounted crude shunned by Europe and the US. As the conflict has dragged on, the third-largest oil importer first ramped up purchases of the flagship Urals crude, which loads from the western part of Russia, and is now competing for ESPO, a distillate-rich grade that comes from the east and was typically favored by Chinese buyers. That had left North Asian nations such as China, South Korea and Japan competing for the 30 to 35 shipments dispatched every month.»

* * * * * * *


India Is New Major Player in Russian Oil Market Once Dominated by China

– Refiners taking record number of ESPO cargoes as trade shifts

– Inflows may displace some barrels from Saudi Arabia, Abu Dhabi

* * * * * * *

India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the fallout from Moscow’s invasion of Ukraine reshapes trade flows.

Six vessels hauling Russian crude known as ESPO were headed to refiners in the South Asian nation in August, according to traders and shipbrokers. That’s the highest number of cargoes purchased by India since the stream was introduced, and accounts almost one-fifth of available monthly shipments.

“ESPO crude is now becoming a steady flow for India, a country that wasn’t a big fan of the variety for years,” said Emma Li, analyst at Vortexa Ltd. “The voyage to India will take longer, but the shipments might continue as long as the price stays attractive and there aren’t real sanctions blocking the trade.”

India has emerged as a key buyer of Russian energy in the wake of the invasion, scooping up millions of barrels of discounted crude shunned by Europe and the US. As the conflict has dragged on, the third-largest oil importer first ramped up purchases of the flagship Urals crude, which loads from the western part of Russia, and is now competing for ESPO, a distillate-rich grade that comes from the east and was typically favored by Chinese buyers.

The ESPO shipments going to India are cheaper than the nation’s usual Middle Eastern grades, and will likely displace some flows from Saudi Arabia and Abu Dhabi, the traders and shipbrokers said. A recent dip in purchases by China’s Sinopec freed up some volumes, enabling Indian buyers to swoop in, they said.

The August shipments of ESPO are up from July’s pace, when five cargoes went to ports such as Vadinar, Sikka, Paradip and Mundra. Refiners such as state-owned Indian Oil Corp., as well as private processors Reliance Industries Ltd and Nayara Energy Ltd operate plants near those terminals.

Before this year’s spree, India wasn’t a prominent player in the trade, with local refiners citing factors such as ESPO’s small cargo size of 100,000 tons being undesirable for the long and costly journey from Kozmino, where it’s loaded. That had left North Asian nations such as China, South Korea and Japan competing for the 30 to 35 shipments dispatched every month. 

Pubblicato in: Banche Centrali, Cina, Devoluzione socialismo, India, Materie Prime, Stati Uniti

Iran. L’occidente liberal spera nel petrolio con il Joint Complete Plan of Motion.

Giuseppe Sandro Mela.

2022-08-26.

Iran 003

Iran, Russia e Turkia. Sono la pulpite purulenta di Joe Biden che li odia di odio impotente.

Brics. Si espandono ad Iran, Argentina, Egitto, Arabia Saudita e Turkia. Club energetico maggiore al mondo.

Iran. Ha chiesto di aderire al Gruppo Brics, Russia, Cina, India, Brasile, Sud Africa.

Iran e Venezuela. Accordo petrolifero totalmente incuranti delle sanzioni Usa.

Dushanbe. Russia e Cina integrano l’Iran nello SCO. Altra débâcle irredimibile di Joe Biden.

Ferrovia Cina, Kyrgyzstan, Tajikistan, Iran, Afganistan, più Uzbekistan e Turkmenistan.

Iran Rapidly Expanding Rail Links With Central Asia and Caucasus

* * *

La posizione politica dell’Iran è sfaccettata.

– l’Iran è stato integrato nello SCO (Shanghai Cooperation Organisation)

– l’Iran ha chiesto di aderire al Club dei Brics Plus

– l’Iran ha stretto intensi rapporti politici, economici e militari con la Russia e con la Cina

– l’Iran è integrato nel sistema ferroviario cinese

* * *

A nostro sommesso parere, il ripristino del Joint Complete Plan of Motion, JCPOA, in nulla influirebbe sugli approvvigionamenti di petrolio degli Stati Uniti.

* * * * * * *

Il ritorno del greggio iraniano rimane incerto, ma quando si raggiungerà un accordo per rilanciare l’accordo nucleare del 2015, la produzione della nazione del Golfo Persico potrebbe aumentare in breve tempo e le esportazioni crescere ancora di più. I prolungati negoziati per il ripristino del Joint Complete Plan of Motion (o JCPOA, come viene inteso l’accordo tra l’Iran, i 5 membri permanenti del Consiglio di Sicurezza delle Nazioni Unite, la Germania e l’Unione Europea) sembrano essere prossimi alla conclusione. Tuttavia, nulla è concordato finché non sono stati concordati tutti i pezzi, e ci sono tanti motivi per essere pessimisti quanti per essere ottimisti.

I Paesi dell’UE continuano a importare via mare circa 1.2 milioni di barili al giorno di greggio russo, due terzi della quantità che prendevano prima che le truppe di Mosca invadessero l’Ucraina. Tuttavia, le sanzioni che entreranno in vigore a dicembre limiteranno questo movimento. Le spedizioni dall’Iran possono contribuire a colmare il buco. Quando le sanzioni sono state alleggerite nel 2016, dopo l’adozione del JCPOA, la produzione di greggio iraniano è stata ripristinata in tempi più brevi e in modo più completo di quanto previsto dagli analisti.

All’inizio del 2016, gli analisti intervistati da Bloomberg avevano previsto che la nazione del Golfo Persico avrebbe aumentato la produzione di 400,000 barili al giorno in sei mesi e di 675,000 barili al giorno dopo un anno. In realtà, ha superato le previsioni a 12 mesi della metà e ha aumentato la produzione di quasi 1 milione di barili al giorno, a 3.8 milioni di barili al giorno, entro un anno dall’allentamento delle restrizioni.

La Cina è stata propensa ad accettare le navi cisterna iraniane nei suoi porti per tutta la durata del nuovo periodo di sanzioni, indipendentemente dal fatto che siano autorizzate o meno. Questo non è destinato a cambiare. L’India, un altro grande acquirente di petrolio iraniano fino ad ora, si è dimostrata desiderosa di facilitare le sue nuove importazioni di greggio russo. Anche se il greggio iraniano non si muoverà rapidamente verso gli Stati Uniti, restano i consumatori asiatici, come la Corea del Sud e il Giappone, e quelli europei, che potrebbero richiedere la ricertificazione delle petroliere iraniane, sempre più vecchie.

* * * * * * *

«The return of Iranian crude stays unsure, but when a deal is reached to revive the 2015 nuclear accord, the Persian Gulf nation’s manufacturing may rise shortly and exports will surge even sooner. Prolonged negotiations over the restoration of the Joint Complete Plan of Motion (or JCPOA, because the deal between Iran, the 5 everlasting members of the United Nations Safety Council, Germany and the European Union is understood) appear to be approaching their finish. However nothing’s agreed till all the pieces’s agreed, and there are as many causes to be pessimistic as there are for optimism»

«EU nations are nonetheless importing about 1.2 million barrels a day of Russian crude by sea, two-thirds of the quantity they had been taking earlier than Moscow’s troops invaded Ukraine. However sanctions on account of come into impact in December will curb that movement. Shipments from Iran may assist fill the hole. When sanctions had been eased in 2016, after the JCPOA was adopted, Iran’s crude manufacturing was restored extra shortly and extra fully than analysts had predicted.»

«Initially of 2016, analysts surveyed by Bloomberg anticipated the Persian Gulf nation to lift manufacturing by 400,000 barrels a day in six months and 675,000 barrels a day after a yr. In actual fact, it exceeded the 12-month forecast in half that point and boosted output by virtually 1 million barrels a day, to 3.8 million barrels a day, inside a yr of restrictions being eased.»

«China has been keen to just accept Iranian tankers at its ports all through the newest interval of sanctions, whether or not licensed or not. That’s not prone to change. India, one other large purchaser of Iranian oil up to now, has proven itself keen to facilitate its new imports of Russian crude. Even when Iranian crude isn’t going to movement to the US anytime quickly, that also leaves Asian consumers corresponding to South Korea and Japan and people in Europe who would possibly require Iran’s growing older tankers to be recertified»

* * * * * * *


Opinion: Iran’s Return Would Fill a Russia-Shaped Hole in Oil Supplies

The return of Iranian crude stays unsure, but when a deal is reached to revive the 2015 nuclear accord, the Persian Gulf nation’s manufacturing may rise shortly and exports will surge even sooner.

Prolonged negotiations over the restoration of the Joint Complete Plan of Motion (or JCPOA, because the deal between Iran, the 5 everlasting members of the United Nations Safety Council, Germany and the European Union is understood) appear to be approaching their finish. The US is inspecting the Iranian response to a “ultimate” accord tabled by EU. The reply from Tehran has been described as constructive.

However nothing’s agreed till all the pieces’s agreed, and there are as many causes to be pessimistic as there are for optimism. Goldman Sachs Group Inc., for one, sees a stalemate as “mutually helpful.”

For oil consumers, although, the return of Iranian crude to a market that’s about to face an enormous lack of Russian barrels can’t come quickly sufficient. EU nations are nonetheless importing about 1.2 million barrels a day of Russian crude by sea, two-thirds of the quantity they had been taking earlier than Moscow’s troops invaded Ukraine. However sanctions on account of come into impact in December will curb that movement. Shipments from Iran may assist fill the hole.

When sanctions had been eased in 2016, after the JCPOA was adopted, Iran’s crude manufacturing was restored extra shortly and extra fully than analysts had predicted. With no proof of harm to grease fields or services, that feat may be repeated.

Initially of 2016, analysts surveyed by Bloomberg anticipated the Persian Gulf nation to lift manufacturing by 400,000 barrels a day in six months and 675,000 barrels a day after a yr. In actual fact, it exceeded the 12-month forecast in half that point and boosted output by virtually 1 million barrels a day, to 3.8 million barrels a day, inside a yr of restrictions being eased.

The ramp-up in exports was even faster, with big volumes of crude saved in onshore tanks and ships round Iran’s coast able to be moved as quickly as consumers returned. The nation is in an identical place at this time, with an estimated 100 million barrels of crude and condensate in storage that may be launched onto the market virtually instantly.

The Worldwide Power Company cautioned, again in March, that “it will probably take many months to completely off-load the oil” as a result of Iranian tankers would “must be re-certified and insured.” I’m unsure they’re proper.

China has been keen to just accept Iranian tankers at its ports all through the newest interval of sanctions, whether or not licensed or not. That’s not prone to change. India, one other large purchaser of Iranian oil up to now, has proven itself keen to facilitate its new imports of Russian crude by shortly certifying Russian tankers shunned elsewhere. If Iran is keen to compete with Russia for the Indian market, I’ve little question that the federal government in New Delhi will do what’s essential to make the shipments occur.

Even when Iranian crude isn’t going to movement to the US anytime quickly, that also leaves Asian consumers corresponding to South Korea and Japan and people in Europe who would possibly require Iran’s growing older tankers to be recertified. Wanting again to the interval when the JCPOA was in operation, between 2016 and 2018, virtually not one of the deliveries of Iranian crude to Europe or Japan was made on an Iranian tanker. So it appears probably that, simply as in 2016, Iran’s crude will return to the market extra shortly than most analysts count on.

If it does, it is going to present welcome aid for refiners within the Mediterranean, who took round 600,000 barrels a day of Iranian crude final time round. They danger dropping an identical quantity of Russian barrels when EU sanctions come into power and, whereas they’re not a precise match for one another, most Iranian crude could be an inexpensive substitute for Urals export grade.

A fast return of saved barrels, adopted by a fast ramp-up in manufacturing from shuttered wells, may see Iranian crude filling a Russia-shaped gap in Mediterranean crude balances. Now all we want is to get deal accomplished.

Pubblicato in: Banche Centrali, Brasile, Cina, Devoluzione socialismo, India, Materie Prime, Russia

Algeria. È interessata ad entrare nel Club di Brics.

Giuseppe Sandro Mela.

2022-08-09.

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È nella logica delle cose che l’Algeria confluisca nel Club dei Brics.

Questi sono un insieme di paesi emergenti, in parte già emersi, collegati da rapporti economici privi di imposizioni ideologiche, rispettosi delle altrui sovranità. È una parte di mondo libero.

L’ingresso della Algeria nel Club dei Brics assommerebbe in questo Club la maggior quota mondiale degli energetici estrattivi lasciando l’enclave liberal occidentale sostanzialmente immiserito, sempre che non scompaia.

* * * * * * *

I BRICS ci interessano come alternativa ai centri di potere tradizionali, ha dichiarato il presidente algerino Abdelmadjid Tebboune in un’intervista televisiva. Il Presidente algerino Abdelmadjid Tebboune ha suggerito che il suo Paese, il più grande esportatore di gas naturale dell’Africa, potrebbe entrare a far parte del gruppo economico dei BRICS, che comprende Russia e Cina. Il commento di Tebboune arriva dopo che il presidente russo Vladimir Putin – il cui Paese è colpito da sanzioni occidentali per l’invasione dell’Ucraina – a giugno ha invitato i leader dei BRICS a muoversi verso la formazione di un vero sistema multipolare di relazioni intergovernative.

Il gruppo BRICS comprende anche le principali economie emergenti di Brasile, India e Sudafrica. Il presidente ha aggiunto che il Paese nordafricano soddisfa buona parte dei criteri economici per entrare nel blocco. I membri dei BRICS rappresentano attualmente quasi un quarto del prodotto interno lordo mondiale.

Tebboune ha partecipato a un vertice virtuale dei BRICS alla fine di giugno, quando Putin ha invitato i leader del gruppo a cooperare di fronte alle azioni egoistiche dell’Occidente. Algeri si è astenuta quando l’Assemblea Generale delle Nazioni Unite ha approvato a maggioranza una risoluzione a marzo che chiedeva alla Russia di ritirarsi immediatamente dall’Ucraina. Anche Cina, India e Sudafrica si sono astenuti. Durante una visita in Algeria a maggio, il ministro degli Esteri russo Sergei Lavrov ha dichiarato che l’anno scorso gli scambi commerciali tra il suo Paese e l’Algeria hanno raggiunto i 3 miliardi di dollari.

* * * * * * *

«The BRICS interest us as an alternative to traditional power centres, Algerian President Abdelmadjid Tebboune said in a televised interview. Algerian President Abdelmadjid Tebboune has suggested that his country, Africa’s largest natural gas exporter, could join the BRICS economic group that includes Russia and China. Tebboune’s comment comes after Russian President Vladimir Putin — whose country is hit with Western sanctions over its Ukraine invasion — in June called on BRICS leaders to move towards formation of a truly multipolar system of inter-government relations»

«The BRICS group also includes the major emerging economies of Brazil, India and South Africa. The president added that his North African country meets a good part of the economic criteria for joining the bloc. BRICS members currently account for nearly a quarter of the world’s gross domestic product»

«Tebboune participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of selfish actions from the West. Algiers abstained when the United Nations General Assembly overwhelmingly passed a resolution in March demanding Russia immediately withdraw from Ukraine. China, India and South Africa also abstained. On a visit to Algeria in May, Russian Foreign Minister Sergei Lavrov said trade between his country and Algeria had reached $3 billion last year»

* * * * * * *

Algeria, Africa’s Largest Natural Gas Exporter, Talks Of Joining BRICS

“The BRICS interest us” as an alternative to traditional power centres, Algerian President Abdelmadjid Tebboune said in a televised interview.

Algiers: Algerian President Abdelmadjid Tebboune has suggested that his country, Africa’s largest natural gas exporter, could join the BRICS economic group that includes Russia and China.

Tebboune’s comment comes after Russian President Vladimir Putin — whose country is hit with Western sanctions over its Ukraine invasion — in June called on BRICS leaders to move towards “formation of a truly multipolar system of inter-government relations”.

The BRICS group also includes the major emerging economies of Brazil, India and South Africa.

“The BRICS interest us” as an alternative to traditional power centres, Tebboune said in a televised interview late Sunday. “They constitute an economic and political force.”

He underlined that there was no need to “get ahead of things” but promised “good news”.

The president added that his North African country meets “a good part” of the economic criteria for joining the bloc.

BRICS members currently account for nearly a quarter of the world’s gross domestic product.

Tebboune participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of “selfish actions” from the West.

Sanctions over Ukraine have pushed Putin to seek new markets and strengthen ties with countries in Africa and Asia.

Algiers abstained when the United Nations General Assembly overwhelmingly passed a resolution in March demanding Russia immediately withdraw from Ukraine.

China, India and South Africa also abstained.

On a visit to Algeria in May, Russian Foreign Minister Sergei Lavrov said trade between his country and Algeria had reached $3 billion last year.

Pubblicato in: India

India. Imf stima la crescita al 7.4% per il 2022 ed al 6.1% per il 2023.

Giuseppe Sandro Mela.

2022-08-07.

India 013

«The International Monetary Fund recently cut India’s growth forecasts to 7.4% and 6.1% for 2022 and 2023, respectively, from 8.2% and 6.9% in April amid downside risks from a slowing world economy»

«Il Fondo Monetario Internazionale ha recentemente tagliato le previsioni di crescita dell’India al 7.4% e al 6.1% rispettivamente per il 2022 e il 2023, dall’8.2% e dal 6.9% di aprile, a causa dei rischi di rallentamento dell’economia mondiale»

* * * * * * *

G20 di Bali. I ministri di Cina, India, Brasile, Turchia, Argentina e Indonesia hanno ascoltato Mr Lavrov con deferenza.

Iran. Ha chiesto di aderire al Gruppo Brics, Russia, Cina, India, Brasile, Sud Africa.

Cina. Costruisce un secondo pone sul Lago Pangong Tso nello Himalaya. Ira furibonda della India.

India. Carbone. Utilizza oltre un trilione di tonnellate ed importa tranquillante il carbone russo.

India. Non appoggia bensì si dissocia dalle sanzioni alla Russia.

Nazioni Unite. Cina, India ed Emirati Arabi Uniti si astengono e Russia pone il veto.

India. Prosegue tranquilla a comprare petrolio dalla Russia. Non accetta le sanzioni di Joe Biden.

Nepal ed India costruiscono una megacentrale idroelettrica sul fiume Arun.

India. Vende 500,000 tonnellate di grano all’Egitto.

* * * * * * *

L’attività industriale indiana si è espansa a luglio al ritmo più rapido degli ultimi otto mesi, grazie alla solida crescita dei nuovi ordini e della produzione, mentre la domanda ha continuato a migliorare grazie all’allentamento della pressione sui prezzi. I risultati dell’indagine suggeriscono che l’economia indiana è rimasta resistente, almeno per ora, nonostante le preoccupazioni per un aumento più rapido dei tassi d’interesse, i massicci deflussi di capitale, l’indebolimento della rupia e il rapido rallentamento dell’economia globale.

L’indice dei responsabili degli acquisti nel settore manifatturiero, elaborato da S&P Global, è salito a luglio a 56.4 da 53.9 di giugno, rimanendo per il tredicesimo mese al di sopra del livello di 50 che separa la crescita dalla contrazione. Mentre i nuovi ordini e la produzione sono cresciuti al ritmo più veloce da novembre, i prezzi degli input e della produzione sono aumentati al ritmo più lento da diversi mesi, dando ulteriore impulso alla domanda.

L’industria manifatturiera indiana ha registrato nel mese di luglio un’apprezzabile combinazione di crescita economica più rapida e inflazione più contenuta. Con la diminuzione delle carenze, il tasso di inflazione dei costi dei fattori produttivi è sceso a luglio a un minimo di 11 mesi, trascinando di conseguenza il tasso di aumento dei prezzi alla produzione al livello più basso degli ultimi quattro mesi. Il Fondo Monetario Internazionale ha recentemente tagliato le previsioni di crescita dell’India al 7.4% e al 6,1% rispettivamente per il 2022 e il 2023, dall’8.2% e dal 6.9% di aprile, a causa dei rischi di rallentamento dell’economia mondiale.

* * * * * * *

«India’s factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures . The survey results suggested the Indian economy has remained resilient, at least for now, despite concerns over faster interest rate hikes, massive capital outflows, a weakening rupee and a rapidly slowing global economy»

«The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 56.4 in July from June’s 53.9, remaining above the 50-level separating growth from contraction for a thirteenth month. While both new orders and output grew at their fastest pace since November, both input and output prices increased at their slowest rate in several months in a further boost to demand»

«The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July. With incidences of shortages diminishing, the rate of input cost inflation eased to an 11-month low in July, subsequently dragging down the rate of increase in output prices to the weakest in four months. The International Monetary Fund recently cut India’s growth forecasts to 7.4% and 6.1% for 2022 and 2023, respectively, from 8.2% and 6.9% in April amid downside risks from a slowing world economy»

* * * * * * *


India’s factory growth hits 8-month high as easing price pressures lift demand

Bengaluru, Aug 1 (Reuters) – India’s factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed.

The survey results suggested the Indian economy has remained resilient, at least for now, despite concerns over faster interest rate hikes, massive capital outflows, a weakening rupee and a rapidly slowing global economy.

The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 56.4 in July from June’s 53.9, remaining above the 50-level separating growth from contraction for a thirteenth month.

While both new orders and output grew at their fastest pace since November, both input and output prices increased at their slowest rate in several months in a further boost to demand.

“The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July,” said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.

“With incidences of shortages diminishing, the rate of input cost inflation eased to an 11-month low in July, subsequently dragging down the rate of increase in output prices to the weakest in four months.”

If that gets translated into overall price pressures, which have already shown signs of easing amid slowing commodity and food prices, it could provide some breathing space for the Reserve Bank of India.  

The RBI, which has already hiked its key interest rate by a cumulative 90 basis points since early May, is expected to raise it again this week.

The International Monetary Fund recently cut India’s growth forecasts to 7.4% and 6.1% for 2022 and 2023, respectively, from 8.2% and 6.9% in April amid downside risks from a slowing world economy.

S&P Global’s survey also showed foreign demand expanded at the weakest pace in four months in July and optimism improved only a tad last month.

Firms increased headcount at the slowest pace in three months.

“Although the upturn in demand gained strength, there were clear signs that capacity pressures remained mild as backlogs rose only marginally and job creation remained subdued,” De Lima said.

Pubblicato in: Brasile, Cina, Devoluzione socialismo, Diplomazia, Geopolitica Mondiale, India, Russia

Brics. Si espandono ad Iran, Argentina, Egitto, Arabia Saudita e Turkia. Club energetico maggiore al mondo.

Giuseppe Sandro Mela.

2022-07-18.

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Il gruppo Brics ha ricevuto richieste di adesione da parte di Iran, Argentina, Egitto, Arabia Saudita e Turkia.

Si formerebbe in questa maniera un gruppo coordinato che insieme ai già membri Brasile, Cina, India, Russia e Sud Africa governerebbe quasi il settanta per cento delle risorse petrolifere ed energetiche mondiali e di gran parte delle materie prime.

Non solo.

Questo gruppo di dieci stati sovrani ma economicamente coordinati dispone di un Pil Ppp di 60,453.574 miliardi, contro quello americano di 25,346.805 miliardi e quello europeo do 23,730.275 miliardi.

In altri termini, i Brics sono diventati la potenza egemone mondiale. L’occidente ha ancora grandi risorse, ma è afflitto da una inflazione devastante, aggravata dal peso di immani debiti pubblici, non più a lungo sostenibili.

Ma questo non è tutto.

Il Club dei Brics è soprattutto un blocco economico nel cui ambito si rispetta in modo paritetico la sovranità nazionale altrui, senza interferenza alcuna negli altrui affari interni.

Questa è la carta vincente e rende ragione del fatto che molti altri stati sovrani stanno valutando se chiedere di essere ammessi nel Club.

L’enclave liberal occidentale sta devolvendo dissolvendosi: ci vorrà ancora qualche tempo, ma il destino è segnato. E proprio in un momento così delicato i governi occidentali sono traballanti, paralizzati, ed incapaci di prendere decisione operazionale alcuna.

* * * * * * *


BRICS expects Egypt, Saudi Arabia and Turkey to join group soon

The president of the BRICS International Forum expects Turkey, Egypt and Saudi Arabia to join the group “very soon”. In an interview with Russia’s Izvestia, Purnima Anand said that China, Russia and India discussed this issue during the 14th BRICS Summit, which was held online last month.

“All these countries have shown an interest in joining and are preparing to apply for membership. I think this is a good step, because expansion is always perceived positively; this will clearly increase the influence of BRICS in the world,” explained Anand. “I hope that the accession of countries to BRICS will happen very quickly, because now all representatives of the core of the association are interested in expanding the organisation, so it will be very soon.”

She stressed that the accession of Egypt, Saudi Arabia and Turkey may not take place at the same time.

Earlier, Li Kexin, Director-General of the Department of International Economic Affairs of the Chinese Foreign Ministry, said that several countries were “knocking on the doors” of the organisation, including Indonesia, Turkey, Saudi Arabia, Egypt and Argentina.

The BRICS forum is a political organisation that began negotiations for its formation in 2006 and held its first summit in 2009. Its members were the countries with emerging economies, namely Brazil, Russia, India, and China, operating under the name BRIC, before South Africa joined the organisation in 2010, making it BRICS.

The organisation’s countries are characterised as being among the industrialised developing countries with large and emerging economies. Half of the world’s population lives in these five countries, and their combined gross domestic product is equivalent to that of the US ($13.6 trillion). Their total foreign exchange reserves are $4 trillion.

In 2017, during the BRICS summit in Xiamen, China, there was talk of the BRICS expansion plan, whereby new countries are added to the BRICS group as permanent guests or participants in the dialogue.

* * * * * * *


The Rise of BRICS: The economic giant that is taking on the West

The G7 summit in Elmau, Germany, June 26-28, and the NATO summit in Madrid, Spain, two days later, were practically useless in terms of providing actual solutions to ongoing global crises – the war in Ukraine, the looming famines, climate change and more. But the two events were important, nonetheless, as they provide a stark example of the impotence of the West, amid the rapidly changing global dynamics.

As was the case since the start of the Russia-Ukraine war, the West attempted to display unity, though it has become repeatedly obvious that no such unity exists. While France, Germany and Italy are paying a heavy price for the energy crisis resulting from the war, Britain’s Boris Johnson is adding fuel to the fire in the hope of making his country relevant on the global stage following the humiliation of Brexit. Meanwhile, the Biden Administration is exploiting the war to restore Washington’s credibility and leadership over NATO – especially following the disastrous term of Donald Trump, which nearly broke up the historic alliance.

Even the fact that several African countries are becoming vulnerable to famines  – as a result of the disruption of food supplies originating from the Black Sea and the subsequent rising prices – did not seem to perturb the leaders of some of the richest countries in the world. They still insist on not interfering in the global food market, though the skyrocketing prices have already pushed tens of millions of people below the poverty line.

Though the West had little reserve of credibility to begin with, Western leaders’ current obsession with maintaining thousands of sanctions on Russia, further NATO expansion, dumping yet more ‘lethal weapons’ in Ukraine and sustaining their global hegemony at any cost, have all pushed their credibility standing to a new low.

From the start of the Ukraine war, the West championed the same ‘moral’ dilemma as that raised by George W. Bush at the start of his so-called ‘war on terror’. “You are either with us or with the terrorist,” he declared in September 2001. But the ongoing Russia-NATO conflict cannot be reduced to simple and self-serving cliches. One can, indeed, want an end to the war, and still oppose US-western unilateralism. The reason that American diktats worked in the past, however, is that, unlike the current geopolitical atmosphere, a few dared oppose Washington’s policies.

Times have changed. Russia, China, India, along with many other countries in Asia, the Middle East, Africa and South America are navigating all available spaces to counter the suffocating western dominance. These countries have made it clear that they will not take part in isolating Russia in the service of NATO’s expansionist agenda. To the contrary, they have taken many steps to develop alternatives to the west-dominated global economy, and particularly to the US dollar which, for five decades, has served the role of a commodity, not a currency, per se. The latter has been Washington’s most effective weapon, associated with many US-orchestrated crises, sanctions and, as in the case of Iraq and Venezuela, among others, mass hunger.

China and others understand that the current conflict is not about Ukraine vs Russia, but about something far more consequential. If Washington and Europe emerge victorious, and if Moscow is pushed back behind the proverbial ‘iron curtain,’ Beijing would have no other options but to make painful concessions to the re-emerging west. This, in turn, would place a cap on China’s global economic growth, and would weaken its case regarding the One China policy.

China is not wrong. Almost immediately following NATO’s limitless military support of Ukraine and the subsequent economic war on Russia, Washington and its allies began threatening China over Taiwan. Many provocative statements, along with military maneuvers and high-level visits by US politicians to Taipei, were meant to underscore US dominance in the Pacific.

Two main reasons drove the West to further invest in the current confrontational approach against China, at a time where, arguably, it would have been more beneficial to exercise a degree of diplomacy and compromise. First, the West’s fear that Beijing could misinterpret its action as weakness and a form of appeasement; and, second, because the West’s historic relationship with China has always been predicated on intimidation, if not outright humiliation. From the Portuguese occupation of Macau in the 16th century, to the British Opium Wars of the mid-19th century, to Trump’s trade war on China, the West has always viewed China as a subject, not a partner.

This is precisely why Beijing did not join the chorus of western condemnations of Russia. Though the actual war in Ukraine is of no direct benefit to China, the geopolitical outcomes of the war could be critical to the future of China as a global power.

While NATO remains insistent on expansion so as to illustrate its durability and unity, it is the alternative world order led by Russia and China that is worthy of serious attention. According to the German Frankfurter Allgemeine Zeitung, Beijing and Moscow are working to further develop the BRICS club of major emerging economies to serve as a counterweight to the G7. The German paper is correct. BRICS’ latest summit on June 23 was designed as a message to the G7 that the West is no longer in the driving seat, and that Russia, China and the Global South are preparing for a long fight against Western dominance.

In his speech at the BRICS summit, Russian President Vladimir Putin proposed the creation of an “international reserve currency based on the basket of currencies of our countries”. The fact that the ruble alone has managed to survive, in fact flourish, under recent Western sanctions, gives hope that BRICS currencies combined can manage to eventually sideline the US dollar as the world dominant currency.

Reportedly, it was Chinese President Xi Jinping who requested that the date of the BRICS summit be changed from 4 July  to 23 June, so that it would not appear to be a response to the G7 summit in Germany. This further underscores how the BRICS are beginning to see themselves as a direct competitor to the G7. The fact that Argentina and Iran are applying for BRICS membership also illustrates that the economic alliance is morphing into a political, in fact geopolitical, entity.

The global fight ahead is perhaps the most consequential since World War II. While NATO will continue to fight for relevance, Russia, China, and others will invest in various economic, political and even military infrastructures, in the hope of creating a permanent and sustainable counterbalance to Western dominance. The outcome of this conflict is likely to shape the future of humanity.

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BRICS expands to build multipolar world: Saudi Arabia, Egypt and Turkey to join in
Saudi Arabia, Egypt and Turkey want to join the BRICS, Purnima Anand, President of the BRICS International Forum said, Izvestia reports.

The decision was discussed by Russia, China and India during the 14th BRICS Summit, she added.

“All of these countries have shown their interest in joining and are preparing to apply for membership. I think this is a good step, since expansion is always perceived positively, this will clearly increase the influence of the BRICS around the world,” Purnima Anand said in a statement.

The process to accept new members should not take long, Anand said, as the countries are already in the process of joining the group. However, the states will enter the BRICS gradually, one by one. Discussions on Iran, Argentina, Saudi Arabia, Egypt and Turkey can be expected at the next summit in South Africa in 2023.

A high-ranking source told the publication that Saudi Arabia’s membership was reviewed during the visit of Russian Foreign Minister Sergei Lavrov to Riyadh on June 1-2. Moscow supported the government’s initiative. A diplomatic solution is currently being sought.

Earlier, Russian President Vladimir Putin said that the leadership of the BRICS countries was in demand to build the multipolar world. One may also count on the assistance of African, Asian and Latin American countries that pursue an independent policy, he added.

Pavel Knyazev, Russia’s sous-sherpa at BRICS, confirmed that it was decided to start discussing the expansion of the group.

“At the last summit, a decision was made to start discussing modalities, principles and criteria for the expansion process. Once consensus is reached on these issues, all members of the five will have to decide when to start discussing potential candidates,” Knyazev said. Moscow welcomes the interest of all states in joining the BRICS, he added.

Earlier, Russian Foreign Minister Sergei Lavrov said that the process to prepare for the expansion of the BRICS association had been launched.

“Of course, both Argentina and Iran are worthy and respected candidates, just like a number of other countries that appear in discussions,” Lavrov said.

On June 27, Iranian Foreign Ministry spokesman Saeed Khatibzadeh announced that the authorities of the republic had applied for BRICS membership. Russian Foreign Ministry spokeswoman Maria Zakharova confirmed that Iran and Argentina intend to become members of the group.

BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China and South Africa. The BRICS members are known for their significant influence on world affairs. Since 2009, the governments of the BRICS states have met annually at formal summits.