Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
UNCTAD: The situation in the Palestinian territories is unfolding within a context of overall economic and institutional fragility and is leading to serious social and environmental consequences
UNCTAD: Two years of military operations and restrictions have caused an unprecedented collapse of the Palestinian economy
UNCTAD: Situation in Gaza unique, represents the most severe economic crisis ever recorded
TASS reports 3 people were injured in a drone attack in the Rostov region, after a fire broke out at a facility in the industrial zone
Ukraine's Ministry of energy reports massive attack on energy facilities in the country
Taiwan's Ministry of Defense: One Chinese balloon was spotted in the Taiwan Strait on Monday
Israeli media reports injuries in ramming operation in al-Naqab.
Sheikh Daamoush: Zionists must remain worried, as they have committed a grave error.
Sheikh Daamoush: All concessions given by Lebanese government to date bore no fruit.
Sheikh Daamoush: It is the duty of the state to protect its citizens and sovereignty, government must push plans to that effect and refuse external pressures, diktats.

Investment banking veteran: anti-Russia sanctions results in new bloc

  • By Al Mayadeen Engish
  • Source: Agencies
  • 3 Nov 2022 15:55
2 Min Read

Former Lehman Brothers executive Lawrence McDonald says that anti-Russia sanctions are counterproductive and making rom for sanctioned countries to form a new world bloc.

  • x
  • Former Lehman Brothers executive Lawrence McDonald (CNBC)
    Lawrence McDonald (CNBC)

Former Lehman Brothers executive Lawrence McDonald told Sputnik that the US' efforts to isolate Russia through sanctions appear to be pulling nations closer to forming a bloc.
 
When McDonald asked whether the US' anti-Russia sanctions were effective, he said "Russia is going around them through a lot of different avenues, like through China," adding that "The BRICS [Brazil, Russia, India, China, and South Africa] are essentially forming this - look at the way the Saudis and the Russians are cooperating - the BRICS are forming like an alliance around the United States. Very dangerous moves the United States makes, they're pushing these countries together as a bloc." 
 
The former executive noted that Russia's central bank was proactive and prepared to respond to all possible US sanctions against Russia and its people.

US pressures Turkey to take a tougher stance on Russia 

US officials, in talks with their Turkish counterparts, addressed compliance with financial sanctions imposed on Russia regarding the war in Ukraine - this comes as the latest move from the West to pressure Turkey into taking a tougher stance towards Russia. 

Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the US Treasury, led a delegation to meet the Turkish governor of the central bank, along with business groups in both Istanbul and Ankara earlier last month. 

This visit came shortly after Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin held discussions in Astana, Kazakhstan. The meeting led the two leaders to agree to boost energy ties and to set up an international gas hub in Turkey, allowing Turkey to become a key route for Russian energy flows into Europe, particularly after the West blew up Nord Streams 1 and 2. 

Read more: Western sanctions against Russia to end US hegemony: Venezuelan MP

  • Lehman brothers
  • sanctions
  • Investment Banking
  • Russia
  • US
  • Sanctions on Russia

Most Read

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

  • Analysis
  • 19 Nov 2025
US readies covert, military measures to oust Maduro: NYT

US signs off on covert CIA operations inside Venezuela: NYT

  • Politics
  • 19 Nov 2025

Coverage

All
In Five

Read Next

All
Maduro highlights workers' rise, global support for Venezuela
Politics

Maduro announces receiving info about new plot against Venezuela

Humanitarian crisis deepens in Gaza under relentless Israeli attacks
Politics

Humanitarian crisis deepens in Gaza under relentless Israeli attacks

Last-ditch COP30 deal puts fossil fuels in the crosshairs
Environment

Last-ditch COP30 deal puts fossil fuels in the crosshairs, for now

Trump admin fumes after court tosses cases against Comey, James
Politics

Trump admin. fumes after court tosses cases against Comey, James

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS