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Showing posts with label payments. Show all posts
Showing posts with label payments. Show all posts

19 July 2025

Military Support Is Needed to Reinforce EU Sanctions

The European Union has decided to support Ukraine in its defensive struggle against Vladimir Putin’s Russian imperialism through the following measures: 

  1. The use of the Nord Stream gas pipelines will be prohibited.
  2. The price cap on Russian oil will be lowered from $60 to approximately $47 per barrel.
  3. Sanctions will be imposed on 105 additional vessels linked to Russia’s shadow fleet, which have been used to circumvent existing sanctions.
  4. The exclusion of Russian banks from the international SWIFT payment system will be expanded into a full trade embargo.
  5. An additional 22 Russian banks will be included in the trade embargo.
  6. Trade bans targeting entities in third countries will continue if they are found to be assisting Russia in evading sanctions.
  7. The EU proposes sanctions against the Russian Direct Investment Fund, its partners, and its investment targets.
  8. The EU is proposing new export bans to Russia worth over €2.5 billion. These bans would target machinery, metals, plastics, and chemicals used in industry.
  9. The export of dual-use goods to Russia will be prohibited. This includes items that could also be used for manufacturing weapons.
  10. The EU has identified 22 new Russian or international companies that have supported Russia’s war economy.

This package is a good step, and hopefully it will lead to the gradual collapse of Russia’s war economy. However, what is needed right now is also more concrete military assistance for the Ukrainian army, so that the front-line situation turns in favor of the Ukrainians instead of the Russians constantly having the upper hand.

The United States – at least according to President Donald Trump – is already delivering a new military aid package to Ukraine. Therefore, now is also the right time for EU countries to do their part, so that the shift in the balance of power between the warring parties will be as significant as possible.

Previous thoughts on the same topic:
Ukraine’s Former Foreign Minister Warns Against Another 1939 
Warnings from Jussi Halla-aho and Igor Girkin About Europe's Near Future
Supercell’s Ban: The Sanction That Hit Russians the Hardest

15 February 2024

Biden's dementia and Trump's speeches may improve European security

The world is in a dire situation, as the upcoming president of the United States appears to be either Donald Trump or Joe Biden. The latter's signs of dementia have become increasingly apparent and have become a hot potato in the politics of the Western superpower, particularly with the so-called Hur report bluntly stating the matter.

Of course, Biden's supporters have launched a counterattack, assuring that the president's memory functions flawlessly and attempting to demonstrate that the report is politically motivated. However, it is clear that the doubt it brings will linger in people's minds, and any minor public slip-up by Biden will significantly affect the less fanatical part of his voters in the future.

However, this does not mean that Donald Trump is returning to the White House. Firstly, he needs support from the U.S. Supreme Court, and secondly, he must somehow convince his voter base throughout the entire election campaign that the undoubtedly fierce accusations of inciting rebellion during the previous elections by his opponent are untrue.

From the perspective of us Europeans, the problem lies in the difficulty of determining which option is better for us - the inherently unpredictable Trump or Biden, who seems physically elderly and appears to be suffering from dementia. And the situation is not improved by Trump's advance mention of his reluctance to unconditionally support Europe if Russia were to invade Ukraine and then shift its focus to another bordering country.

Regarding the latter, I was pleased to note that our future president, Alexander Stubb, understood Donald Trump to be "essentially right" in suggesting that Europe needs to take more responsibility for its own security. While Finland's defense capability is in order, Russia's brutal aggressiveness ultimately cannot be restrained without significant support either from the United States or through a much greater investment in military capability by the major Western European countries - Germany, France, and the United Kingdom.

In that sense, the competition between the two elderly men in the United States for leadership of the country may ultimately awaken decision-makers on our continent and thereby enhance Europe's security. And in the best-case scenario, Biden may have to withdraw his candidacy and be replaced by a younger and hopefully capable alternative who can defeat Trump in the election and, while in office, even reduce the extreme internal division within the Western superpower.

The result could be a militarily strong Europe, supported by a security-conscious United States.

The original thought in Finnish:
Bidenin dementia ja Trumpin puheet saattavat parantaa Euroopan turvallisuutta

Previous thoughts on the same topic:
Risk of dementia in the U.S. presidential elections
Military confrontation between China and USA highly probable in near future
Erdogan wants fighter jets, and uses Finland and Sweden to get them