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Israeli media outlet: Netanyahu and Katz are expected to conduct a security assessment soon, and a wave of attacks in Gaza is anticipated later
Israeli media outlet: Gunmen emerged from a tunnel in Rafah and attacked forces in the area with gunfire and anti-tank missiles
Local sources from Damascus countryside: An Israeli occupation drone targeted the road connecting the town of Beit Jinn and Tell Bat al-Warda with 3 airstrikes, without any reported casualties
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Israeli occupation forces carry out an arrest campaign during a raid on Surif, north of Al-Khalil in the southern occupied West Bank.
Syrian Foreign Ministry: Damascus expresses its gratitude to the countries that voted in the UN General Assembly in favor of ending the Israeli occupation of the Syrian Golan.
Ushakov: Russia and the United States agreed not to disclose the substance of the Putin–Witkoff talks.
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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.

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  • 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

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Russia and China are not part of the Resistance Front, but they are playing an important role in building structures to bypass US power and thus facilitate a multipolar and freer world. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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