What we’re watching: Ukrainian diplomacy, India’s campaignless national election, Italy’s presidential conclave, a mutiny in Burkina Faso, Russia goes crypto


Blinken’s Ukrainian diplomatic blitz. US and UK diplomats are upping the ante as Russia bolsters its military presence on the border near Ukraine. After play defense for for his boss on the Joe Biden controversy Remarks on what, exactly, would make America react to Russian action there, US Secretary of State Antony Blinken said on Sunday warned of a harsh response if any Russian forces cross the border. However, Blinken – who is trying to buttress a united front with Europe while keeping the Russian dialogue open — disagree with Ukrainian President Volodymyr Zelensky request that preventive sanctions should be imposed on Russia. Additionally, in a dramatic late-night announcement on Saturday, the UK accused the Russians plan to install a pro-Moscow leader in Ukraine. Meanwhile, on the ground, both sides have continued to build up their military presence. The United States Embassy in Kyiv announcement the arrival of American weapons. Across the border, Russia is planning naval exercises and has moved troops and equipment to Belarus, Ukraine’s northern neighbor and a staunch ally of Moscow. Blinken is expected to continue talks this week with the Russians, but there is an X factor: China. Xi Jinping, whom Vladimir Putin now calls his “old friend”, probably not do not want to the upcoming Beijing Winter Olympics will be marred by a hot war in Europe, so maybe he’ll try to talk his friend out of an invasion.

India is debating elections or infections. Elections in the world’s largest democracy are quite a spectacle. These are massive logistics undertakings, marked by weeks of colorful campaigns and festivals. Corn COVID Restrictions on large rallies dampened the mood for the upcoming polls in five states. One of them is Uttar Pradesh, the most populous state in India. As everyday infections have dope from less than 10,000 to over 300,000 in just one month, many Indians have had a sense of deja vu since the spring of 2021, when India suffered a devastating second pandemic wave also preceded by national elections. Prime Minister Narendra Modi – who at the time falsely claimed that India had defeated the virus – campaigned tirelessly and allowed religious holidays to turn into super spreader events, only later catch fire for his poor management of the health crisis. But for the February elections, the Electoral Commission, and the courts have both spoken: yes to democracy, no to the countryside.

The Italian presidential “election”. More than 1,000 Italian deputies and regional delegates start voting Monday in a complex procedure with serious papal conclave vibes to select a new president. Candidates need a two-thirds majority to win in the first three rounds, then 50% of the vote. There is no clear favorite to replace incumbent Sergio Matarella as president, a largely ceremonial role but also with the power to choose prime ministers, call snap elections and sign/veto laws. Silvio Berlusconi, the 85-year-old former Prime Minister and king of “bunga bunga”, first threw his hat in the ring, corn abandoned at the last moment. Current Prime Minister Mario Draghi is said to be interested, although most Italian political parties would prefer him to continue leading the Italian unity coalition government until legislative elections scheduled for next year. Draghi, a popular and respected former European Central Bank chief, has ambitious plans to cut Italian bureaucracy to inject 192 billion euros ($218 billion) in pandemic relief money from the EU in the economy. Will “Super Mario” agree to stay in his current position to do the job?

Mutineers, militants and mines. On Sunday, rebel soldiers from Burkina Faso, a West African country, took control of some barracks, requiring the government is giving them more resources to fight jihadists, fire army and intelligence chiefs, and ensure the welfare of their wounded. Burkinabe’s military has long struggled to combat Islamic State-linked militants who are increasingly using the country to make inroads in the wider Sahel region. Although the government fired the idea of ​​a coup, civilian protesters attempted to join the mutiny amid wider popular discontent with President Roch Kaboré. Kaboré, who was re-elected in 2020 for a second term, failed to defeat the insurgency, which is causing one of the world’s least reported humanitarian disasters. Moreover, Burkina Faso is full of gold mines whose foreign investors are fed up with jihadist attacks. Will the former French colonial power intervene as it did before in the region? Unlikely, given that Paris has started to pull down its 5,100 counter-insurgency troops from neighboring Mali.

Russia against crypto. Central Bank of Russia wants to ban cryptocurrency in all its forms and uses. The general ban would include transactions as well as crypto mining. Even though Russia is one of the world’s largest bitcoin miners, the central bank says the crypto is a speculative asset, a “pyramid scheme” that undermines regulators and threatens Russia’s climate policies because mining mining is very energy intensive. The proposal comes as the EU draws up its own bid to get rid of crypto mining, also citing environmental concerns. Last summer, crypto markets fell but rose again after a similar ban by China triggered a global selloff. But this time, in the middle of increased integration crypto assets, Bitcoin prices do not appear to have been affected by the Russian proposal. Still, Moscow hasn’t exactly finished defining its digital monetary policy: the Russians could permit using gold-backed “stablecoins” and some government-controlled crypto-mining activities.


About Author

Comments are closed.