Saturday, March 15

Author: Patti Mohr

Patti Mohr is a U.S.-based journalist. She writes about global diplomacy, economics, and infringements on individual freedom. Patti is the founder of the Global Economic Report. Her goal is to elevate journalistic principles and share the pursuit of truth in concert with others.
International Agency Says Europe Can Cut 1/3 Of Its Russian Gas Imports
7Mar By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Europe, EU, Eurozone, Geopolitics, Globalization, Global Disintegration, Organizations, IMF, WTO, G7, Types of News: Brief

International Agency Says Europe Can Cut 1/3 Of Its Russian Gas Imports

March 7, 2022--Europe is notoriously dependent on Russian oil and gas. That reliance is making strict penalties on Russia's invasion difficult to carry out. But that trade isn't set in stone. In a new report, the International Energy Agency recommends 10 steps for European leaders who want to break that dependency. Under the IEA plan, Europe would be able to reduce its natural gas imports from Russia from 155 billion cubic meters (bcm) a year to 95 bcm--a savings of one third. These figures assume Europe refills is gas storage facilities in 2022. According the the report, the steps are in line with the European Union's goals for climate action and a European Green Deal. However, the agency also recommends additional steps in light of Russia's aggressive war against Ukraine. 10 Steps ...
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Looking At The Economic Effects Of Russia’s War
7Mar By Patti MohrNo Comments
Energy Policy, Oil & Gas, Global Economics, Types of News: Analysis

Looking At The Economic Effects Of Russia’s War

Energy Price Spikes Lead Economic Impact Of War March 7, 2022—By far, the greatest cost of Russia's war against Ukraine is the humanitarian costs: the lives lost, the forced displacement, and the psychological trauma. As the world faces down Russia's aggression, we also need to recognize and prepare for the economic effects. The battle and emerging breakdown of global trade are also having an economic impact, and it is helpful for individuals to brace themselves for that. "The near-term effects on the U.S. economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain highly uncertain," Federal Reserve Chair Jerome Powell said recently. "We will need to be nimble in responding to incoming data and the evolving outlook."-House Financial Service...
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White House Urges Americans To Strengthen Cybersecurity Tools
3Mar By Patti MohrNo Comments
Big Tech, Digital Economy, Types of News: Brief, Types of News: Videos

White House Urges Americans To Strengthen Cybersecurity Tools

March 3, 2022--The White House released a video message on Wednesday encouraging individuals, businesses, and government workers to strengthen their cybersecurity defenses. "Given the history of Russia's use of cyber, it's important that we do all we can to prepare and maximize our resilience," said Anne Neuberger, deputy national security advisor for a new federal department on cybersecurity. Neuberger said the country is not raising its threat level on cybersecurity at this time. The message is intended as a precaution in case the level rises. Specifically, she is recommending users patch their systems—keeping anti-virus software up-to-date. She is also encouraging people to enhance passwords with multifactor authentication, such as fingerprints, at sign-ins. The Cybersecurity a...
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Biden Shifts From Partisan Agenda To One Of Unity
3Mar By Patti MohrNo Comments
Domestic Politics, Types of News: Analysis, United States

Biden Shifts From Partisan Agenda To One Of Unity

Russia's War Is Uniting Democrats, Republicans, And Independents In Fight For Freedom March 3, 2022—Before the war in Europe started a week ago, you could say U.S. President Joe Biden led a country deeply divided by bitter politics and a populace upset by soaring inflation. The foul mood was evident in day-to-day life, even if you avoided the daily barrage of noise and diatribes of cable news. "Biden," a man muttered as we crossed paths in the post office parking lot in late February. It happened to be Presidents Day—a U.S. holiday celebrating past presidents—and the very mention of the word brought on a tirade of complaints. "Gas prices... That Biden." Then just a few days later, everything changed in America. It happened when Russian leader Vladimir Putin sent his troops and mis...
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In An Emergency Session, 141 Nations Condemn Russia’s Military Actions in Ukraine
2Mar By Patti MohrNo Comments
Diplomacy, Human rights, International Law, Legal Battles, Types of News: Brief, UN Security Council

In An Emergency Session, 141 Nations Condemn Russia’s Military Actions in Ukraine

UN General Assembly vote on March 2, 2022 Resolution Calls On Russia To Immediately Cease Its Use Of Force Against Ukraine March 2, 2022--In an extraordinary session of the United Nation's General Assembly, representatives from 141 countries voted to condemn Russia's military assault on Ukraine, uphold the UN charter and call for an immediate end to the bloodshed. It was only the 11th time in the organization's history that the General Assembly held an emergency session. The four-page resolution recalls several previous resolutions supporting territorial integrity and national sovereignty. Furthermore, it minces no words about condemning Russia. unga-resolution-Russia-UkraineDownload Belarus Condemned Too The resolution also calls out Russia's ally Belarus. Specifically, ...
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As Sanctions Against Russia Ramp Up, US Blocks Central Bank
28Feb By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Economics, Globalization, Global Disintegration, Sanctions, Types of News: Brief

As Sanctions Against Russia Ramp Up, US Blocks Central Bank

The Russian Ruble fell Monday to its lowest level on record. February 28, 2022--The United States added Russia's central bank to its list of targeted sanctions against that country's war on Ukraine. As a result, Americans are barred from doing any business, such as purchasing bonds, with Russia's central bank. The block on the secondary market for ruble or non-ruble denominated bonds for U.S. investors goes into effect immediately. Furthermore, the U.S. Treasury imposed sanctions on Russia's National Wealth Fund, its Ministry of Finance, and the Russian Direct Investment Fund, its CEO and two of its subsidiaries. Global Sanctions in Action Banks around the world started implementing sanctions imposed not only by the United States, but also the European Union, United Kingdom, Ca...
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‘We Were Told They Would Welcome Us,’ Russian Soldier Says
28Feb By Patti MohrNo Comments
Types of News: Brief, UN Security Council

‘We Were Told They Would Welcome Us,’ Russian Soldier Says

February 28, 2022--In an extraordinary special session by the UN General Assembly, Ukraine's representative read out a text conversation between a Russian soldier and his mom. "Mom, I'm in Ukraine, there's a real war. I'm scared, we shoot at everything in a row, even at peaceful ones. We were told that they would welcome us, but they throw themselves under our military equipment and do not let us pass. They call us fascists. It's very hard for me." Photo of text messageFeb. 28 Special GA assembly Reportedly, the Russian soldier was killed in battle. While the GER cannot independently verify the texts, the message fits with what the Russian president has been saying in his recent speeches. Increduoulsy, Vladimir Putin urged the Ukranian military to "lay down your weapons and immedi...
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United Nations Holds An Emergency Special Session
28Feb By Patti MohrNo Comments
Diplomacy, International Law, Legal Battles, Sanctions, Types of News: Brief, Types of News: Videos, UN Security Council

United Nations Holds An Emergency Special Session

https://www.youtube.com/watch?v=9CdY7t5VKIY February 28, 2022--In only the 11th time in its history, the United Nations is holding an emergency special session in its 193-member General Assembly today. It comes on the fifth day of Russia's war on Ukraine. Members are not only discussing Ukraine's territorial integrity and Russia's breach of that, they are meeting to uphold the UN Charter. As a result of the emergency session, 141 countries voted to condemn Russia’s military assault on Ukraine, uphold the UN charter and call for an immediate end to the bloodshed. Read more: In An Emergency Session, 141 Nations Condemn Russia's Military Actions in Ukraine.
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As Ukraine Gains Strong Global Support, India, China & UAE Sit It Out
26Feb By Patti MohrNo Comments
Diplomacy, International Law, Legal Battles, Types of News: Analysis, Types of News: Videos, UN Security Council

As Ukraine Gains Strong Global Support, India, China & UAE Sit It Out

Security Council meeting Feb. 25, 2022 February 26, 2022—Even as much of the world rallies moral and financial support for Ukraine in the wake of Russia's unprovoked invasion, a few countries refused to condemn the attacks and the violation of international law. India, China and the UAE Abstain From Resolution The United Nations Security Council--the primary international body for settling disputes—has been holding multiple meetings on the situation in Ukraine. On Friday, the Security Council considered a resolution sponsored by 52 countries. The resolution's intent was to hold Russia accountable for its military actions and to uphold the value of protecting civilians. As a permanent member of the council, Russia has veto power, and it exercised that on Friday. However, the re...
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Turkey: NATO Should Have Stopped Russia’s Invasion
25Feb By Patti MohrNo Comments
Diplomacy, Geopolitics, International Law, Legal Battles, Organizations, IMF, WTO, G7, Types of News: Brief

Turkey: NATO Should Have Stopped Russia’s Invasion

Turkish President Recep Tayyip Erdo?an joins a virtual NATO meeting on Feb. 25, 2022. Source: Turkey's Government February 25, 2022--As Russia closed in on Ukraine's capital city Kyiv, the NATO alliance held an emergency virtual meeting today. Just hours before the meeting, Turkish President Recep Tayyip Erdo?an suggested that NATO and the European Union should have stopped the invasion. "NATO should have taken a more decisive step," Erdogan said to reporters, according to Reuters and other press reports. "The EU and all the rest of the West have failed to display a decisive and serious stance. They give plenty of advice to Ukraine. It’s not possible to get a result through this advice," Erdo?an said. Turkey is a NATO member and a neighbor of Russia. In a press release on Thur...
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