Wednesday, 15 March 2023 06:11

What to know after Day 384 of Russia-Ukraine war

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Russia is fighting for its very existence – Putin

The ongoing conflict with Ukraine – and the West – is a fight for Russia’s very existence, rather than a mere geopolitical game, President Vladimir Putin has said. He made the remarks on Tuesday while meeting with aircraft factory workers in the capital city of Russia’s Buryatia Republic, Ulan-Ude.

“For our Western so-called ‘partners’ – for, actually, our adversaries, we can say that openly today – the matter is about improving their geopolitical stance,” Putin stated, adding that the situation is very different for Moscow.

Destabilization and “tearing apart” Russia have long been among the top goals of the country’s adversaries, Putin said, urging everyone to show unity amid the ongoing hardships.

“In order to bring peace and stability closer, we, of course, need to show the consolidation of our society, composure. When the enemy sees that our society is strong, internally sound, consolidated, then, without any doubt, what we are striving for will happen: both success and victory,” Putin declared.

Protecting Russians living in Ukraine from persecution by the Kiev regime remains among the top goals of Moscow, Putin reiterated, adding that he has repeatedly met people from Donbass who “are exactly the same as us.” Following the collapse of the Soviet Union, Moscow tried to build up solid and mutually beneficial ties with Kiev, but the efforts ultimately flopped, the president admitted.

“Russia has been patiently trying for decades to mend relations with the modern Ukrainian state, but the situation changed in 2014, when a Western-prompted coup d’etat took place,” he said. Even after that, Moscow spent years trying to peacefully resolve the civil conflict in then-Ukrainian Donbass, he concluded.

** Russian economic sovereignty has increased – Putin

The Russian economy hasn’t collapsed due to sweeping Western restrictions, on the contrary, its sovereignty has grown many times over, President Vladimir Putin has stated.

Putin, who made the comment while meeting with aircraft factory employees in Ulan-Ude, Buryatia, on Tuesday, noted the country had passed a significant stage in its development, which could be the most important result of 2022.

“We have exponentially increased our economic sovereignty. After all, what did our adversary count on? That we would collapse in two or three weeks or in a month,” the Russian leader said.

“The expectation was that enterprises would cease due to our partners refusing to work with us, the financial system would collapse, tens of thousands of people would be left without work, take to the streets, protest, Russia would be shaken from the inside and collapse. That was their intention, but this did not happen,”Putin declared.

He pointed out that the Russian financial system has survived, growing stronger and becoming more independent, thanks to the actions of the central bank.

Putin also indicated that the unemployment rate in the country was currently at historically low 3.6%, while gross domestic product has fallen by only 1.2%.

According to the Russian president, the fundamental foundations of Russia’s stability are now “much stronger than anyone could previously imagine.”


Poland may hand MiG-29 jet fighters to Ukraine within weeks

Poland’s prime minister said Tuesday that his government may hand its Soviet-made MiG-29 fighters jets over to Ukraine “within the next four to six weeks.”

Poland’s leaders said last week that sending the warplanes would be only done within a larger international coalition. Slovakia has also declared readiness to provide its MiG-29 planes to Kyiv and the two NATO nations have urged others to join in.

Polish Prime Minister Mateusz Morawiecki on Tuesday said that Warsaw could send its MiGs within weeks, but didn’t clarify whether there was any coalition ready to follow suit.

Ukraine’s air force is familiar with MiG-29s and could use the planes right away.

Poland has been using the fighter jets since 1989 and has 28 of them. It has been replacing them with U.S.-made F-16s and South Korean FA 50 multi-task jets and is also purchasing U.S. F-35 fighters.

Ukraine has been asking the West for fighter jets to beef up its defenses as Russia’s war drags on for a second year. There are still no signs that larger nations like the United States and the U.K. will agree to send their warplanes.

** US turns to new ways to punish Russian oligarchs for the war

The U.S. has begun an aggressive new push to inflict pain on Russia’s economy and specifically its oligarchs with the intent of thwarting the Kremlin’s invasion of Ukraine.

From the Treasury Department to the Justice Department, U.S. officials will focus on efforts to legally liquidate the property of Russian oligarchs, expand financial penalties on those who facilitate the evasion of sanctions, and close loopholes in the law that allow oligarchs to use shell companies to move through the U.S. financial system.

Andrew Adams, who heads the U.S. government’s KleptoCapture task force, designed to enforce the economic restrictions within the U.S. imposed on Russia and its billionaires, told The Associated Press that the group is prioritizing its efforts to identify those who help Russians evade sanctions and violate export controls.

“These illicit procurement networks will continue to take up an ever-increasing amount of our bandwidth,” said Adams, who also serves as acting deputy assistant attorney general.

So far, more than $58 billion worth of sanctioned Russians’ assets have been blocked or frozen worldwide, according to a report last week from the Treasury Department. That includes two luxury yachts each worth $300 million in San Diego and Fiji, and six New York and Florida properties worth $75 million owned by sanctioned oligarch Viktor Vekselberg.

The U.S. has begun attempts to punish the associates and wealth managers of oligarchs — in Vekselberg’s case, a federal court in New York indicted Vladimir Voronchenko after he helped maintain Vekselberg’s properties. He was charged in February with conspiring to violate and evade U.S. sanctions.

The case was coordinated through the KleptoCapture group.

“I think it can be quite effective to be sanctioning facilitators,” Adams said, calling them “professional sanctions evasion brokers.”

A February study led by Dartmouth University researchers showed that targeting a few key wealth managers would cause far greater damage to Russia than sanctioning oligarchs individually.

Other attempts to inflict pain on the Russian economy will come from the efforts to liquidate yachts and other property owned by Russian oligarchs and the Kremlin, turning them into cash to benefit Ukraine.

Ukrainian President Volodymyr Zelenskyy has long called for Russian assets to be transferred to Ukraine, and former Biden administration official Daleep Singh told the Senate Banking Committee on Feb. 28 that forfeiting Russia’s billions in assets held by the U.S. is “something we ought to pursue.”

Singh suggested the U.S. should “use the reserves that we have immobilized at the New York Fed, transfer them to Ukraine and allow them to put them up as collateral to raise money.” He ran the White House’s Russia sanctions program when he was national security adviser for international economics.

Adams said the KleptoCapture task force is pursuing efforts to sell Russians’ yachts and other property, despite the legal difficulties of turning property whose owners’ access has been blocked into forfeited assets that the government can take and sell for the benefit of Ukraine.

He stressed that the U.S. will operate under the rule of law. “Part of what that means is that we will not take assets that are not fully, totally forfeited through the judicial procedures and begin confiscating them without a legal basis,” Adams said.

He added that the task force has had “success in working with Congress and working with folks around the executive branch in obtaining authorization to transfer certain forfeited funds to the State Department.”

The Treasury Department said on Thursday that the government is “paving the way” for $5.4 million in seized funds to be sent as foreign assistance to Ukraine.

Additionally, strengthening laws that serve as loopholes for sanctions evaders will also be a priority across federal departments, officials say.

The Financial Crimes Enforcement Network, under Treasury, is expected to roll out rules to address the use of the U.S. real estate market to launder money, including a requirement on disclosing the true ownership of real estate.

Steven Tian, director of research at the Yale Chief Executive Leadership Institute, who tracks companies’ disengagement from Russia, said the new real estate rule is long overdue.

“I would point out that it’s not just unique to Russian oligarchs. As you know, the real estate market makes use of shell companies in the United States, period,” Tian said.

Erica Hanichak, the government affairs director at the FACT Coalition, a nonprofit that promotes corporate transparency, urged the administration to put the rule forward by late March, when the U.S. co-hosts the second Summit for Democracy with the governments of Costa Rica, Netherlands, South Korea and Zambia.

“We’re viewing this as an opportunity for the United States to demonstrate leadership not only in addressing corrupt practices abroad, but looking to our own backyard and addressing the loopholes in our system that facilitate corruption internationally,” she said.