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Yemeni Armed Forces: The blockade on the Port of Haifa comes following the successful imposition of the siege on the Port of Umm al-Rashrash, which has since ceased operations
Yemeni Armed Forces: The Port of Haifa is now officially part of our target bank
Yemeni Armed Forces calls on companies with ships currently in the Port of Haifa or en route to it to take into account the contents of the statement and any forthcoming announcements
Yemeni Armed Forces: The imposition of a blockade on the Port of Haifa comes in response to the enemy’s escalation of its brutal aggression against Gaza and the continued siege and starvation
Yemeni Armed Forces: Our decisions and operations against the occupying entity will not cease until the aggression on Gaza ends and the blockade on it is lifted
Yemeni Armed Forces: We have decided to begin enforcing a naval blockade on the Port of Haifa, which is now among our list of designated targets
The Israeli occupation has released the child Mohammad, the son of martyr Ahmad Sarhan, whom it abducted earlier today from Khan Younis in the southern Gaza Strip, but his mother remains in detention
UK, France, and Canada in a joint statement: The Israeli Government’s denial of essential humanitarian assistance to the civilian population is unacceptable and risks breaching International Humanitarian Law
Leaders of UK, France, and Canada warn that their countries would take action if "Israel" does not stop a renewed military offensive in Gaza and lift aid restrictions
Putin says Trump in conversation expressed his position on cessation of hostilities in Ukraine

How sanctioning Russia may be futile: The Hill

  • By Al Mayadeen net
  • Source: Agencies
  • 3 May 2022 12:30
  • 1 Shares
3 Min Read

Sanctions on Russia are proving to have more damage on the states imposing them than on the Russian economy.

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  • How sanctioning Russia may be futile
    Russian President Vladimir Putin 

According to geostrategist and the author Brahma Chellaney, the Western sanctions against Russia are a trap. 

Sanctions and escalating war boost global commodity and energy prices, resulting in more income for Moscow despite a considerable fall in exports. And, by stoking inflation, higher overseas prices spell political difficulty at home for those behind the sanctions.

Read more: EU preparing new anti-Russian sanctions for coming days

In an opinion piece for The Hill, Chellaney says that despite being cut off from the world's finance, the Russian currency has recovered tremendously thanks to governmental intervention.

Additionally, the Japanese yen (the world's third-most-traded currency) has dropped to a 20-year low against the US dollar, ranking this year as the worst-performing of the 41 currencies tracked — worse than the ruble, even though it followed the US' lead on its position on Russia.

Chellaney argues that uncontrolled inflation and supply-chain disruptions are endangering Western business earnings, while interest-rate rises to combat inflation exacerbate an already dire position for consumers. April became Wall Street's worst month since the pandemic-caused March 2020 fall. 

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Despite the fact that its economy is suffering as a result of Western sanctions, Russia is doing its part to keep international energy and commodity prices high, notably by shutting off gas supplies to Poland and Bulgaria. Moscow might hike prices even higher with larger counter-sanctions while still protecting its export revenues, he says.

Chellaney states that Russia is simply one of the world's richest countries in terms of natural resources and the largest exporters of natural gas, uranium, nickel, oil, coal, aluminum, copper, wheat, fertilizers, and precious metals such as palladium, which is more valuable than gold and is widely used in catalytic converters.

#Russia is the largest exporter of titanium in the world, an essential component for the #US Boeing aircraft manufacturing in recent years, in addition to its wide usage in many industries.#RussiaUkraine pic.twitter.com/Usp2VARLQq

— Al Mayadeen English (@MayadeenEnglish) March 12, 2022

He argues that unfortunately, the ones who truly suffer from the conflict are poorer countries. 

The author describes how every day is a reminder that "this conflict is not just about the control of Ukraine or its future status. Rather, this is a full-fledged new Cold War between Washington and Moscow, with Europe as the theater of the growing confrontation."

Biden's bold claims of implying and calling for regime change in Russia also contradict his previous statements early in the war that a direct confrontation means World War 3, something that must be prevented.

The author states that sanctions, although have historically worked better against smaller, more vulnerable states, "The current Western sanctions could take years to seriously hurt the Russian economy."

He says that this is proved by Biden's incessant weapons supply to Ukraine.

Read more: Biden authorizes another $800M in military aid for Ukraine

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Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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