Connect with us

Latest News

Sanctions for Russian oligarchs unlikely to seriously impact Putin, experts say

Published

on

Among those named was Oleg Deripaska, a man known not just for the billions he accrued as an aluminum magnate but also because of his ties to former Trump campaign chairman Paul Manafort.

Another, Kirill Shamalov, is reportedly Putin’s son-in-law and Russia’s youngest billionaire thanks to his large stake in the petrochemical giant Sibur.

Igor Rotenberg is the son of Arkady Rotenberg, Putin’s childhood friend and erstwhile judo sparring partner.

Also sanctioned were Vladimir Bogdanov, Suleiman Kerimov, Andrei Skoch and Viktor Vekselberg.

They were punished because of what the Treasury called Russia’s “malign activity around the globe,” namely its actions in Ukraine, Syria, and its attempts to meddle in Western elections, including in the U.S.

“The Russian government operates for the disproportionate benefit of oligarchs and government elites,” the Treasury said, adding that these people “who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilizing activities.”

Pressuring Putin’s rich friends equates to pressuring Putin — at least that’s the theory.

“The guys we’re talking about now, they are very, very rich, but they do not have power over the Kremlin.”

“The guys we’re talking about now, they are very, very rich, but they do not have power over the Kremlin.”

However, according to experts like Galeotti, this thinking is based on an outdated understanding of the role oligarchs play in Putin’s Russia.

“No one gets to be rich in Russia and not have a relationship of some sort with the Kremlin,” Galeotti said. “The guys we’re talking about now, they are very, very rich, but they do not have power over the Kremlin.”

It’s certainly true that in the years after the fall of the Soviet Union, people who made lots of money from the carve-up of state resources held considerable sway. That all changed under Putin, however, with the Russian president making it clear that he wouldn’t tolerate such behavior.

This shift severely weakened the role of the oligarchs in Russian political life, according to Jonathan Eyal, international director at the Royal United Services Institute, a London think tank known as RUSI.

“Today, it is not like the Yeltsin period, where the oligarchs told the president what to do,” Eyal said, referring to Boris Yeltsin, who was Russian president between 1991 and 1999. “These oligarchs are not likely to sway Putin’s hand about the major things that he wants to do.”

This is the same point made by Kremlin spokesman Dmitry Peskov this week.

“The phrase ‘Russian oligarchs’ is considered inappropriate,” Peskov told reporters. “The time when there were oligarchs in Russia passed long ago. There are no oligarchs in Russia.”

Not everyone agrees that the latest U.S. sanctions won’t hurt Putin.

On Twitter, financier and longtime Putin critic Bill Browder called the news “huge” and commended the government for “finally hitting Putin and his cronies where it counts.”

And while analysts like Eyal and Galeotti caution that the sanctions may not change Russian policy more broadly, that doesn’t mean the moves are useless, they add.

“The last thing that the oligarchs appreciate is being put on lists that make it very difficult for them to travel abroad, buy property abroad, have their girlfriends abroad or send their children for education abroad, all the things that makes them enjoy the finer things in life,” Eyal said.

Despite their reduced importance, Eyal still sees the oligarchs as one of the “pillars of the regime,” adding that “if the pillars start suffering themselves, then there is a cumulative impact” that could have some influence on Putin if combined with other measures.

“The sanctions are not what’s going to change Russia’s behavior,” he added, “but they are intended to increase the costs of the defiance of Putin of international norms.”

“The sanctions are not what’s going to change Russia’s behavior, but they are intended to increase the costs of the defiance of Putin of international norms.”

“The sanctions are not what’s going to change Russia’s behavior, but they are intended to increase the costs of the defiance of Putin of international norms.”

Galeotti also stressed that the sanctions should be welcomed as a means to clean out dirty money in the West — just not as a way to curb Putin’s foreign policy.

Part of the reason for this, according to many analysts, is that the Russian president is a man who is not so much interested in wealth but in power.

Related

“The thought that Putin is going to be bothered, to the point of actually reversing what is a clearly not just a pragmatic policy but one that he genuinely believes in, because there’s a few hundred million in stake in condos in Florida or whatever, I think that’s misunderstanding the man,” Galeotti said.

Another problem that some critics have identified with Friday’s sanctions is that the people targeted will have likely seen this coming a mile away.

All of the oligarchs named had already been mentioned on a much larger list of Russian billionaires released by the Treasury in January.

This list was widely mocked because it was cribbed from Forbes’ ranking of the “200 richest businessmen in Russia 2017.”

And what it effectively did was give oligarchs time to hollow out investments in the U.S. that will be impacted by the new restrictions, according to some experts and U.S. officials.

“Those people have a thousand different ways to channel money that will go unchallenged by any sanctions,” according to Mathieu Boulègue, a research fellow at the London think tank Chatham House. “It’s a headache but it’s not a problem for Russia.”

He added that “sanctions do not affect the Russian leadership the way we would want them to. They are not a magic wand we can agitate in front of the Kremlin and hope to curb Putin’s cost-benefit calculus.”

This echoed what one U.S. official told NBC News ahead of Friday’s sanctions. “They had to know these were coming,” the official said, referring to the oligarchs.

Nor will the sanctions cause the Russian public to turn against their strongman leader, or foment a debate inside the country about the direction of its foreign policy, according to Boulègue.

“Sanctions have been in place since 2014 and the Russian state has transformed them into a show of force in their propaganda,” he said. “Russia has learned to live with them. They are a new normal in relations with the West.”



Source link

Latest News

COVID-19: Muslim graveyard in India turns bodies away, as coronavirus cases continue to surge | World News

Published

on

Delhi’s main Muslim graveyard is running out of space due to COVID-related deaths, as it surpassed Mumbai to become India’s worst-hit city.

On 15 April, a stream of ambulances arrived at the Jadid Qabristan cemetery on the outskirts of Delhi, where a patch of waste ground was turned into a COVID-19 burial ground last year.

The graves now run-up to the boundary wall, with little space for more.

People bury bodies at a graveyard in Delhi. The graveyard has had to turn away bodies as it runs out of space
Image:
Drone footage shows people burying bodies at a graveyard in Delhi
According to official figures, Delhi recorded over 17,000 coronavirus cases on 14 April
Image:
According to official figures, Delhi recorded over 17,000 coronavirus cases on 14 April

Head gravedigger Mohammad Shameem said he has had to turn bodies away, with space and staff at a premium.

“Yesterday there were 19 bodies, but we can only handle 15,” he said.

Hospitals are also struggling to cope under the growing strain of increased cases.

Pappu Ali, 43, contracted coronavirus and his family visited several private hospitals in the city searching for a bed. He died after being admitted to a government hospital.

“There were not enough doctors, we couldn’t even find water,” his uncle Mehboob said.

According to official figures, Delhi recorded over 17,000 cases on 14 April, while Mumbai’s highest single-day peak was 11,163 on 4 April.

People bury the body of a man, who died from coronavirus disease at a graveyard in New Delhi
Image:
People bury the body of a man, who died with coronavirus
A Muslim graveyard in Delhi is running out of space, with the gravediggers forced to turn people away
Image:
The Jadid Qabristan cemetery has been forced to turn people away

India reported more than 200,000 new cases in a single day on 15 April, with hospitals reporting a shortage of beds and oxygen.

The financial hub of Mumbai, India’s largest city, has gone into lockdown, but other cities remain open despite a spike in cases.

This week, millions of Hindu pilgrims gathered in the temple town of Haridwar, in Uttarakhand to celebrate Maha Kumbh Mela, dubbed as a superspreader event.

Following the event, 30 Hindu priests tested positive for coronavirus.

Among those infected with the virus, was the leader of the All India Akhada Parishad, Mahant Narendra Giri, who has been admitted to hospital.

On Thursday night, Uttarakhand reported 2,200 cases in 24 hours – its biggest single-day spike since the pandemic began in December 2019.

As cases around the country surge, India has found itself short of vaccines and is running out of the raw materials required to make new jabs.

The AstraZeneca-Oxford vaccine is locally made by the Serum Institute of India (SII) but production has been delayed by a raw material shortage.

SII’s chief executive appealed to US president Joe Biden to end the ban on raw material exports out of the US.

A mourner is consoled after her husband died of COVID-19 in New Delhi. India recorded 200,000 cases on 16 April
Image:
A mourner is consoled after her husband died of COVID-19 as India recorded 200,000 cases on 16 April
Due to a shortage of beds in hospitals, patients are forced to share beds as they received treatment for the virus
Image:
Due to a shortage of hospital beds, patients are forced to share

“Respected POTUS, if we are to truly unite in beating the virus, on behalf of the vaccine industry outside the US, I humble request you lift the embargo on raw material exports out of the US so that vaccine production can ramp up,” Adar Poonawalla said on Twitter.

Vaccination centres are rationing supplies, as the country inoculates over 45s having started its roll-out in mid-January with front line workers.

It has administered the most doses in the world, after America and China, but ranks much lower when looking at the per capita figure.

The government said the country had a stock of about 30 million doses, which will be enough for 10 days.

Despite initial reluctance to use non-Indian vaccines, the government has this week given emergency authorisation to Russia’s Sputnik V vaccine to be imported this month.

It has also urged Pfizer, Moderna and Johnson & Johnson to sell jabs to India.

A new Indian variant of the virus has been detected in the UK, with 74 cases detected by Public Health England.

India is not on the travel red list, so there is no requirement for hotel quarantine. Travellers returning from India are required to take two COVID-19 tests and quarantine at home for 10 days.

Boris Johnson is scheduled to visit the country at the end of April, his first major international trip since Britain’s exit from the European Union.

Asked if his planned trip to India would still go ahead later this month, a No 10 spokesman said it was still on.

But he said the programme “will be slightly shorter” and added: “As you would expect, safety is obviously important and is a priority for us on this trip, which is why we will make sure that all elements of the visit are COVID-secure.”



Source link

Continue Reading

Latest News

Hong Kong: Media tycoon Jimmy Lai jailed over pro-democracy protests | World News

Published

on

Billionaire Hong Kong media tycoon Jimmy Lai has been imprisoned over his role in pro-democracy protests.

Mr Lai, founder of opposition newspaper Apple Daily, was one of several activists who appeared in court on Friday who had been earlier found guilty of taking part in “unauthorised assemblies” during mass pro-democracy protests in 2019.

He was sentenced to 14 months in prison while nine others received jail time or suspended sentences.

The 73-year-old is a fierce critic of Beijing and his sentence comes as the mainland is increasingly cracking down on Hong Kong’s rights and freedoms.

Hong Kong media tycoon Jimmy Lai is seen handcuffed and escorted by the guards leaving prison
Image:
Mr Lai is seen handcuffed and escorted by the guards leaving prison for his hearing

Mr Lai has been in jail since December after being denied bail in a separate national security trial.

District court judge Amanda Woodcock said even though the 18 August assembly was peaceful there was a “latent risk of possible violence” and that a deterrent sentence and “immediate imprisonment” was appropriate.

Please use Chrome browser for a more accessible video player

Raab says ‘China is violating the freedom of Hong Kong’

Mr Lai’s repeated arrests have drawn criticism from Western governments and international rights groups, who raised concerns over waning freedoms in the global financial hub, including freedom of speech and assembly.

Amnesty International’s Asia-Pacific regional director Yamini Mishra said: “The wrongful prosecution, conviction and sentencing of these activists underlines the… government’s intention to eliminate all political opposition.”

Subscribe to Into The Grey Zone on Apple Podcasts, Spotify, Spreaker

The other defendants also found guilty, included prominent barrister Margaret Ng and veteran democrats Lee Cheuk-yan, Albert Ho, Leung Kwok-hung, Cyd Ho, Au Nok-hin and Leung Yiu-chung.

They received sentences of up to 18 months. Ng, Leung Yiu-chung and Albert Ho were given suspended sentences.

The 2019 pro-democracy protests were spurred by Beijing’s tightening squeeze on wide-ranging freedoms promised to Hong Kong upon its return to Chinese rule in 1997, and plunged the semi-autonomous city into its biggest crisis since the handover.

Beijing has since consolidated its authoritarian grip on Hong Kong by imposing a sweeping national security law,
punishing anything it deems as secession, subversion, terrorism or collusion with foreign forces with up to life in prison.
Supporters of the law say it has restored stability.

Mr Lai has been a frequent visitor to Washington, meeting officials such as former secretary of state Mike Pompeo, to rally support for Hong Kong democracy, prompting Beijing to label him a “traitor”.

Prosecutors said he will face two additional charges of conspiracy to collude with foreign forces and conspiracy to
obstruct the course of justice.

Earlier this week, Apple Daily published a hand-written letter Mr Lai sent to his colleagues from prison, saying: “It is
our responsibility as journalists to seek justice.

“As long as we… do not let evil get its way through us, we are fulfilling our responsibility.”

It is “time for us to stand tall”, he wrote.

Source link

Continue Reading

Latest News

Human cells grown in monkey embryos triggers ‘Pandora’s box’ ethical concerns | Science & Tech News

Published

on

Human cells have been grown in monkey embryos by scientists in the US, sparking ethical concerns and warnings that it “opens a Pandora’s box”.

Those behind the research say their work could help tackle the severe shortage of transplant organs as well as enable better overall understanding of human health, from the development of disease to ageing.

But some experts in the UK have highlighted the significant ethical and legal challenges posed by the creation of such hybrid organisms and called for a public debate.

Credit: Weizhi Ji, Kunming University of Science and Technology
Image:
The chimeric embryos were monitored in the lab for 19 days before being destroyed. Pic: Weizhi Ji, Kunming University of Science and Technology

Concerns have been raised after researchers from the Salk Institute in California produced what is known as monkey-human chimeras.

This involved human stem cells – special cells that have the ability to develop into many different cell types – being inserted in macaque embryos in petri dishes in the lab.

The aim is to understand more about how cells develop and communicate with each other.

Chimeras are organisms whose cells come from two or more individuals.

In humans, chimerism can naturally occur following organ transplants, where cells from the organ start growing in other parts of the body.

Juan Carlos Izpisua Belmonte
Image:
Professor Izpisua Belmonte said the work was conducted with ‘utmost attention to ethical considerations’

Professor Juan Carlos Izpisua Belmonte, who is leading the research, said: “These chimeric approaches could be really very useful for advancing biomedical research not just at the very earliest stage of life, but also the latest stage of life.”

In 2017, he and his team created the first human-pig hybrid, where they introduced human cells into early-stage pig tissue but found the environment provided poor molecular communication.

As a result, the researchers decided to investigate lab-grown chimeras using a more closely related species.

The human-monkey chimeric embryos were monitored in the lab for 19 days before being destroyed.

According to the scientists, the results, published in the journal Cell, showed human stem cells “survived and integrated with better relative efficiency than in the previous experiments in pig tissue”.

The Salk-Institute
Image:
The chimeras were produced by researchers from the Salk Institute in California

The team said understanding more about how cells of different species communicate with each other could provide an “unprecedented glimpse into the earliest stages of human development” as well as offer scientists a “powerful tool” for research on regenerative medicine.

Insisting that their research has met current ethical and legal guidelines, Prof Izpisua Belmonte said: “As important for health and research as we think these results are, the way we conducted this work, with utmost attention to ethical considerations and by coordinating closely with regulatory agencies, is equally important.

“Ultimately, we conduct these studies to understand and improve human health.”

Human stem cells being injected into a pig embryo. Pic: Salk Institute
Image:
Human stem cells being injected into a pig embryo. Pic: Salk Institute

Responding to the research, Dr Anna Smajdor, lecturer and researcher in biomedical ethics at the University of East Anglia’s Norwich Medical School, said: “This breakthrough reinforces an increasingly inescapable fact: biological categories are not fixed – they are fluid.

“This poses significant ethical and legal challenges.”

She added: “The scientists behind this research state that these chimeric embryos offer new opportunities, because ‘we are unable to conduct certain types of experiments in humans’.

“But whether these embryos are human or not is open to question.”

Prof Julian Savulescu, director of the Oxford Uehiro Centre for Practical Ethics and co-director of the Wellcome Centre for Ethics and Humanities, University of Oxford, said: “This research opens Pandora’s box to human-nonhuman chimeras.

“These embryos were destroyed at 20 days of development but it is only a matter of time before human-nonhuman chimeras are successfully developed, perhaps as a source of organs for humans. That is one of the long-term goals of this research.

“The key ethical question is: what is the moral status of these novel creatures? Before any experiments are performed on live-born chimeras, or their organs extracted, it is essential that their mental capacities and lives are properly assessed.”

Source link

Continue Reading

Trending