this post was submitted on 17 Nov 2024
195 points (99.5% liked)

World News

32351 readers
348 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

WASHINGTON, Nov 17 (Reuters) - President Joe Biden's administration will allow Ukraine to use U.S.-provided weapons to strike deep into Russian territory, three sources familiar with the matter said, in a significant change to Washington's policy in the Ukraine-Russia conflict.

Ukraine plans to conduct its first long-range attacks in the coming days, the sources said, without revealing details due to operational security concerns.

The move by the United States two months before President-elect Donald Trump takes office on Jan. 20 follows months of requests by Ukrainian President Volodymyr Zelenskiy to allow Ukraine's military to use U.S. weapons to hit Russian military targets far from its border.

The change follows Russia's deployment of North Korean ground troops to supplement its own forces, a development that has caused alarm in Washington and Kyiv.

The first deep strikes are likely to be carried out using ATACMS rockets, which have a range of up to 190 miles (306 km), according to the sources.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 5 days ago (3 children)
[–] [email protected] 8 points 5 days ago (2 children)

I went over this last month https://lemmy.ml/post/21682024/14466154

Sure, but that vote hasn’t actually done anything, and countries continue to trade with Russia. And the Global South countries haven’t curtailed their relations with Russia one whit. In fact some are building even deeper ties with Russia. They’re building an alternative system to SWIFT, they’re trading in each others’ currencies to avoid the dollar, and they’re making plans for some kind of BANCOR-like currency. The BRICS summit is happening right now, hosted by Russia.

Not only that, but Global North countries are skirting their own sanctions to trade with Russia on the sly.

[–] [email protected] 1 points 5 days ago (1 children)

Sure, but that vote hasn’t actually done anything, and countries continue to trade with Russia. And the Global South countries haven’t curtailed their relations with Russia one whit.

It's almost like nations are motivated by self interest, and not some over-arching political polarization.....

They’re building an alternative system to SWIFT, they’re trading in each others’ currencies to avoid the dollar

The majority of countries utilizing CIPS isn't because they're trying to create a multipolar geopolitical future. It's because it's simply a good idea to diversify your reserve currency, especially if your currency is unstable. In all likelihood if the yuan is able to show long periods of stability, the global South will be operating within SWIFT and CIPS.

The BANCOR idea is just wishful thinking, no one is migrating back to some kind of gold standard anytime soon.

[–] [email protected] 4 points 5 days ago (1 children)

It’s because it’s simply a good idea to diversify your reserve currency, especially if your currency is unstable.

SWIFT already handles a diversity of currencies including Renminbi, so that’s not what CIPS is about. Everyone knows what it’s about: an alternative to the imperial core’s transaction system.

The BANCOR idea is just wishful thinking, no one is migrating back to some kind of gold standard anytime soon.

Implying that BANCOR is anything like a gold standard only shows that you don’t have even a Wikipedia-level understanding of BANCOR.

[–] [email protected] -4 points 5 days ago

SWIFT already handles a diversity of currencies including Renminbi](https://www.statista.com/statistics/1189498/share-of-global-payments-by-currency/), so that’s not what CIPS is about.

Swift handles customer-initiated and institutional payments but excludes trade. Foreign currency reserves are mainly for trading between countries.

an alternative to the imperial core’s transaction system.

World systems theory is an abstract concept, that doesn't account for an anti imperialist movement. Just take it from Immanuel Wallerstein, the person who created it.

"There are today no socialist systems in the world-economy any more than there are feudal systems because there is only one world system. It is a world-economy and it is by definition capitalist in form"

By the theory you are utilizing, China is not an alternative to "the imperial core" it's trying to take the belt.

Implying that BANCOR is anything like a gold standard only shows that you don’t have even a Wikipedia-level understanding of BANCOR.

Lol, BANCOR was named after French for Bank Gold. It is a standardized monetary system for trade based on gold.

[–] [email protected] -5 points 5 days ago* (last edited 5 days ago) (1 children)

So then the global north also supports Russia? Of course not.

You've only proven that nobody has strong principles at all, here.

[–] [email protected] 5 points 5 days ago (1 children)

You’ve only proven that nobody has strong principles at all, here.

By saying “only,” you’re implying that these facts don’t matter, when they clearly do matter. This is the real, material world, not the Marvel Cinematic Universe. Facts on the ground don’t care about your principals.

[–] [email protected] -1 points 5 days ago

Or yours, mate.

[–] [email protected] 2 points 5 days ago (1 children)

That's the whole problem with trying to break down geopolitics into set polarized factions. It makes annotating history a bit easier, but it completely forgoes any nuance.

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago)

I think a lot of people on Lemmy do it for emotional reasons, too. They can't handle a grey-on-grey world, they need it to be black and white.

[–] [email protected] -3 points 5 days ago

Yeah, the global south actually hates each other.