Banned from US Banks, the Gazprom Turns To Even Bigger Banks In China

Putin: ”The U.S. and European Union are shooting their own companies in the foot.” Russian state owned oil company Gazprom is turning to China for foreign sources of capital now that the U.S. and European financial markets are closed to them. Gazprom said in a press release posted on its website today that it was in talks with the behemoth Industrial and Commercial Bank of China for funding. The statement did not say whether funding would be provided, however. This has been quite the week for China-Russia relations. Li Keqiang was in Russia earlier this week to discuss deeper economic integration. Energyremains front and center. But integration is occurring beyond oil and gas deals. For instance, the Bank of Russia announced a deal with the Moscow Exchange to trade currencies and create forex derivatives contracts between the two markets.

Palestinian-U.S. Relations head for Stormy Times

Washington’s response to the speech that Palestinian President Mahmoud Abbas delivered at the UN General Assembly last September 26 confirms that the bilateral Palestinian-U.S. relations are heading for stormy times. The U.S., which opposed Abbas’…

Russian Foreign Minister Lavrov’s Speech at the UN: “Pardon Us For Our Country’s Existence in the Middle of Your Military Bases”

Russian Foreign Minister Lavrov’s Speech at the UN In a courageous and brilliant speech to the United Nations General Assembly on September 27, 2014, Russian Foreign Minister Sergei Lavrov pierced the veil of obfuscation that characterizes too many speeches at the United Nations, and delivered a scathing denunciation of Western imperialism, imperialism that can only be accurately described as global theft. Lavrov, on behalf of the Russian Federation implicitly warned that US/NATO is risking global war in embarking on its campaign to seize and dominate huge territories, while inexorably and ruthlessly determined to conquer and subjugate Russia, having learned nothing from the historic reality that Napolean’s effort to dominate Russia led to the collapse of Napoleonic France, and Hitler’s attempt to subjugate Russia led to the obliteration of his Third Reich.