As much as Iran, Russia, the US and the EU are involved in a sophisticated nuclear/energy ballet, Syria and Ukraine are also two key power play vectors bound to determine much of what happens next in the New Great Game in Eurasia. And both Syria and Ukraine also happen to be energy wars. The Obama administration’s Syria master plan was ‘Assad must go’; regime change would yield a US-su [...]

"Stunningly destructive" and "dismal failure" is how Nobel laureates describe growth in the European Union after destructive austerity policies and the euro crisis. Economists are casting doubt on the effectiveness of monetary policy in the 18-member eurozone, which is yet to fully shake off recession and produce sustained growth. [...]

Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of "La Peche", a local community currency. In France, local currencies are growing in popularity as trust in state institutions erodes. An elaborate coupon system lets locals pay for services and goods with special local banknotes, [...]

Sooner or later EU denial must give way to gut-wrenching reform. The longer the delay, the greater the pain for the Lost Generation. The precipice of relative poverty never looks very threatening. Thus, despite mass eurozone youth unemployment and a 12 percent rate overall, Europe retains a facade of relative prosperity. However, the UK and US economies are growing with gusto, surpassing pre-re [...]

A couple of weeks ago the German newspaper Süddeutsche Zeitung claimed that Germany was refusing to sign off the Comprehensive and Economic Trade Agreement (CETA). The simple reason being the Investor-State Dispute Settlement (ISDS) regulation which I have written about here. [...]

The European Commission said it will provide up to €125 million from Monday till the end of November to compensate food producers coping with Moscow’s food ban. “The exceptional measures announced today will include market withdrawals especially for free distribution, compensation for non-harvesting and green harvesting. [...]

All operations on Russia's Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria's Ministry of Economy and Energy said on its website. “Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project,” the ministry said. This specifically means enterin [...]

Some European food producers have reportedly asked Switzerland to provide an alternative supply corridor for goods embargoed by Russia. The agriculture import ban imposed by Russia does not apply to Switzerland as it is not an EU member. [...]

Julian Assange plans to leave the Ecuadorian Embassy in the near future, he told a press conference at the embassy's London compound, where he's been holed up for two years. The WikiLeaks founder gave no further details. "I am leaving the embassy soon, but perhaps not for the reasons [reported]," he told journalists, refusing to clarify what his reasons are. [...]

MOSCOW: Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, among other things, if the United States and the European Union impose additional sanctions on Moscow, Vedomosti daily newspaper said on Monday. Following Russia’s stand off over Ukraine, western nations imposed sanctions on Moscow including on its financial and energy sectors, and pu [...]

Hungarian Prime Minister Viktor Orban has urged a rethink of the European Union's sanctions policy toward Russia, saying the measures are like "shooting oneself in the foot." “The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which, has been what the Russians are doing, causes more harm to us than to Russia,” Reuters quoted Orban as saying on the radio [...]

Russia's Security Service (FSB) has denied reports that the country's troops have crossed the border into Ukraine. Border guards have been deployed to provide security near the frontier, but they operate only on the Russian side, the FSB said. The mobile military teams “operate strictly within the territory of the Russian Federation,” a spokesperson for the FSB Border Guard Service in Rosto [...]

There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon. Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. [...]

The Bulgarian government is under enormous pressure from the US to cancel the South Stream project, and so Bulgaria is the place to watch now, Daniel McAdams, executive director of the Ron Paul Institute for Peace and Prosperity think tank, told RT. On August 8, Ukrainian Prime Minister Yatsenyuk announced that Kiev had prepared a list of 172 Russian citizens and 65 companies, predominantly Rus [...]

Two Spanish volunteers have joined the fight against Kiev's offensive on eastern Ukraine, speaking out against the actions of the nation's military. They say their main objective is to spread the truth about the conflict. Anhel Davilla-Rivas, 29, and Rafa Munez, 28, arrived in Donetsk two weeks ago to offer their assistance to the residents of eastern Ukraine. [...]

Russia and the EU have to look for a basis for a new dialogue of non-confrontation as they should be strategic partners working for consolidation of peace and normal economic life, Kostas Isyhos from Greece's left-wing SYRIZA party told RT. First of all, because Greece is going through the 5th year of constant recession. The memorandum policy which has been followed with austerity programs in t [...]

Shares in some of Russian food producers have added almost 40 percent by midday on Friday. The surge comes a day after Moscow imposed a one-year ban on imports of food products from the West. Shares in one of Russia’s biggest agricultural holdings Razgulay shot up 39.87 percent by Friday afternoon, according to Moscow Stock Exchange data. [...]

Russia's import ban on agricultural goods from countries that sanctioned Moscow over the Ukraine crisis may have a negative impact on European producers, farmers say. However, the EU's ambassador to Moscow insists the bloc's position will not change. Russian President Vladimir Putin signed Wednesday a decree imposing a one-year ban on agricultural produce, foods, and raw materials from countrie [...]

The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008. The US-led sanctions against Russia may have backfired on the US because it threatens to “hasten a move away from the dollar that’s been stirring sin [...]