IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 — 0.00% USD/MXN17.48▲ 0.04% USD/CLP923.90▼ 0.41% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.44% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.61▲ 0.22% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.84▲ 0.34% BRENT 77.99 ▲ 2.60% WTI 73.36 ▲ 2.73% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.43% GOLD 4,077 ▼ 0.66% SILVER 58.86 ▼ 1.59% SOY 1,197 ▲ 0.02% CORN 466.25 ▲ 6.45% WHEAT 638.25 ▲ 0.99% COFFEE 328.10 ▼ 4.34% SUGAR 14.69 ▼ 1.28% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,652 ▼ 4.51% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,058 ▼ 1.10% ETH 1,783 ▼ 1.24% SOL 76.31 ▼ 0.73% XRP 1.08 ▼ 0.75% BNB 569.72 ▼ 0.74% ADA 0.16 ▼ 1.39% DOGE 0.07 ▼ 0.66% AVAX 6.65 ▲ 3.87% LINK 7.99 ▼ 0.09% DOT 0.83 ▼ 1.56% LTC 43.75 ▼ 0.50% BCH 238.19 ▼ 0.74% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 1.47% HBAR 0.07 ▼ 0.37% NEAR 1.92 ▲ 1.71% ATOM 1.55 ▼ 1.22% AAVE 95.93 ▼ 1.17% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,630 ▲ 0.71% USD/ZAR16.35▲ 0.14% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,212 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.08▲ 0.22% 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SILVER 58.86 ▼ 1.59% SOY 1,197 ▲ 0.02% CORN 466.25 ▲ 6.45% WHEAT 638.25 ▲ 0.99% COFFEE 328.10 ▼ 4.34% SUGAR 14.69 ▼ 1.28% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,652 ▼ 4.51% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,058 ▼ 1.10% ETH 1,783 ▼ 1.24% SOL 76.31 ▼ 0.73% XRP 1.08 ▼ 0.75% BNB 569.72 ▼ 0.74% ADA 0.16 ▼ 1.39% DOGE 0.07 ▼ 0.66% AVAX 6.65 ▲ 3.87% LINK 7.99 ▼ 0.09% DOT 0.83 ▼ 1.56% LTC 43.75 ▼ 0.50% BCH 238.19 ▼ 0.74% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 1.47% HBAR 0.07 ▼ 0.37% NEAR 1.92 ▲ 1.71% ATOM 1.55 ▼ 1.22% AAVE 95.93 ▼ 1.17% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,630 ▲ 0.71% USD/ZAR 16.34 ▼ 0.04% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,212 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 161.99 ▲ 0.20% USD/CNY 6.7758 ▲ 0.13% DAX 25,142 ▲ 0.30% CAC 8,347 ▲ 0.10% FTSE 10,498 ▲ 0.01% MIB 52,750 ▲ 0.26% IBEX 19,430 ▲ 0.23% STOXX 640.99 ▼ 0.02% EUR/USD 1.1435 ▲ 0.14% GBP/USD 1.3391 ▼ 0.05% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.13 ▲ 7.32% USD/CAD 1.4141 ▼ 0.08% US10Y 4.5690 ▲ 0.66%
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Opinion: A war Russia set to win – Europeans have been nicely played by the Americans

By · October 20, 2022 · 4 min read

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By MK Bhadrakumar*

(Opinion) Two massive terrorist strikes misfired spectacularly, and a terrible beauty was born in the Ukraine war. These two carefully planned attacks in quick succession — on Nord Stream gas pipelines and Crimean Bridge — were intended as a knockout blow to Russia.

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According to President Vladimir Putin, people ‘who want to sever ties between Russia and the EU finally, weaken Europe’ are behind the Nord Stream blasts.

Read also: Check out our coverage on curated alternative narratives

He named the US, Ukraine, and Poland as ‘beneficiaries’.

Last Wednesday, Russia’s domestic intelligence service FSB identified Ukraine’s military intelligence chief, Kyrylo Budanov, as the mastermind behind the Crimean attack.

A war Russia set to win - Europeans have been nicely played by the Americans. (Photo internet reproduction)
A war Russia set to win – Europeans have been nicely played by the Americans. (Photo internet reproduction)
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The New York Times and Washington Post also pointed fingers at Kyiv, quoting ‘sources’.

While Nord Stream-1 has been disabled, one of the strings of Nord Stream-2 remains intact.

Putin said last week that the pipeline could be restored, and Russia could deliver about 27 billion cubic meters of gas.

‘The ball is on the side of the European Union, if they want — let’s turn on the tap,’ he said.

It is a profoundly embarrassing moment for the EU.

The triumphalism has vanished as Europe is threatened by years of recession caused by the blowback from sanctions against Russia, where the US insisted on cutting off energy ties with Moscow.

The EU has now become a captive market for Big Oil and is left to buy LNG from the US at the asking price, which is six to seven times higher than the domestic price in the US.

The contracted price for long-term Russian supply for Germany used to be about US$280 per 1,000 cubic meters against the current market price hovering around US$2,000.

The Europeans have been nicely played by the Americans.

India should take note of the US’ sense of entitlement. Basically, the Biden administration created a contrived energy crisis whose real aim is war profiteering.

The Crimean Bridge attack of Oct. 8 is much more severe. Zelensky has crossed a red line that Moscow had repeatedly warned him against.

Putin has disclosed that there have also been three terrorist attacks against the Kursk NPP. Russians will settle for nothing less than the ouster of the Zelensky regime.

Russia’s retaliation against Ukraine’s ‘critical infrastructure’, something Moscow has refrained from so far, has profound implications.

Since Oct. 9, Russia has begun systematically targeting Ukraine’s power system and railways.

Noted Russian military expert Vladislav Shurygin told Izvestia that if this tempo was kept up for a week or so, it ‘would disrupt the entire logistics of the Ukrainian military — system for transporting personnel, military equipment, ammunition, related cargo, as well as the functioning of military and repair plants.’

The Americans are cocooned in a surreal world of their self-serving narrative that Russia ‘lost’ the war.

In the real world, though, Ivan Tertel, KGB chief in Belarus, who has an insider view of Moscow, said last Tuesday that with Russia boosting its troop strength in the war zone — 3 lakh troops who have been mobilized plus 70,000 volunteers — and the deployment of advanced weaponry, ‘the military operation will enter a critical phase.

According to our estimates, a turning point will come from November of this year to February of next year.’

Policy-makers and strategists in Delhi and other capitals should carefully note the timeline.

The bottom line is Russia is looking for an all-out victory and will not settle for anything less than a friendly government in Kyiv.

Western politicians, including Biden, understand that nothing is stopping the Russians now. The US’ weapon kitty is running dry as Kyiv keeps asking for more.

When asked whether he’d meet Biden at the G20 in Bali, Putin derisively remarked on Friday, ‘He (Biden) should be asked whether he is ready to hold such negotiations with me or not. I don’t see any need, by and large. There is no platform for any negotiations for the time being.’

However, Washington has not yet thrown in the towel, and the Biden administration remains obsessed with exhausting the Russian military — even at the cost of Ukraine’s destruction.

And, for the Russians too, there is still much to be worked out on the battlefield: the oppressed Russian populations in Odesa (which suffered unspeakable atrocities from the neo-Nazis), Mykolaiv, Zaporizhya, Dnipropetrovsk, Kharkiv are expecting ‘liberation’.

It’s a highly emotive issue for Russia. Again, the overarching plan of ‘demilitarisation’ and ‘denazification’ of Ukraine must be taken to its logical conclusion.

Putin knows Biden will not want to meet him when all that is over.

Hungarian PM Viktor Orban said last week, ‘Anyone who seriously believes that the war can be ended through Russian-Ukrainian negotiations lives in another world.

Reality looks different. Such issues can only be discussed between Washington and Moscow.

Ukraine can fight only because it receives military assistance from the United States…

‘At the same time, I do not see President Biden as the person who would be suitable for such serious negotiations. President Biden has gone too far. Suffice it to recall his statements to Russian President Putin.’

India should expect the defeat of the US and NATO, which would complete the transition to multipolar world order.

Sadly, Indian elites are yet to purge their ‘unipolar predicament’.

Europe, including Britain, is devastated, and there is palpable discontent over the US’s ‘transatlantic leadership’.

Indo-Pacific strategy is hopelessly adrift. As the OPEC’s rebuff to Washington shows, new power centers are emerging in India’s extended neighborhood.

A profound adjustment is needed in the Indian strategic calculus and other capitals as well.

* Ambassador M. K. Bhadrakumar was a career diplomat in the Indian Foreign Service. His assignments included the Soviet Union, South Korea, Sri Lanka, Germany, Afghanistan, Pakistan, Uzbekistan, Kuwait, and Turkey

This post is mirrored and was published first here.

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