New Development Bank can offer ‘tremendous opportunities’ for BRICS economies – expert
BRICS New Development Bank (NDB) must concentrate on enabling private sectors to drive economic progress, Alasdair Macleod, an independent economist specializing in money and credit, told Sputnik.
The NDB can introduce a “tremendous scale of opportunities” to economies of BRICS members, which undoubtedly "have enormous growth potential", according to Macleod.
In an address to the BRICS Business Forum in Moscow on September 18, Russian President Vladimir Putin said that the NDB should become one of the main investors in major technological and infrastructural projects both within BRICS, and the Global South as a whole. NDB President Dilma Rousseff earlier announced plans to transform NDB into “an important bank” for developing countries and emerging markets. “Our focus has to be: a bank made by developing countries for themselves,” she emphasized.
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BRICS New Development Bank (NDB) must concentrate on enabling private sectors to drive economic progress, Alasdair Macleod, an independent economist specializing in money and credit, told Sputnik.
The NDB can introduce a “tremendous scale of opportunities” to economies of BRICS members, which undoubtedly "have enormous growth potential", according to Macleod.
“An emphasis on infrastructure - road, rail, electricity, shipping and communications, including data - with local private sector partners will allow the NDB to spearhead a new industrial revolution,” he pointed out.
“This must be done on a commercial basis, and I would hope the NDB will not just make credit available, but also act as a ‘venture capitalist’, taking equity stakes as part of a financing package and introducing businesses to each other proactively across the bank’s network. This will require a network of local offices,” the economist concluded.
In an address to the BRICS Business Forum in Moscow on September 18, Russian President Vladimir Putin said that the NDB should become one of the main investors in major technological and infrastructural projects both within BRICS, and the Global South as a whole. NDB President Dilma Rousseff earlier announced plans to transform NDB into “an important bank” for developing countries and emerging markets. “Our focus has to be: a bank made by developing countries for themselves,” she emphasized.
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The Israeli Air Force has launched two strikes on the Haret Hreik municipality near the Bahman Hospital in the southern suburbs of Beirut, Lebanese media reported. One of the strikes hit a residential building in the vicinity of the Bahman Hospital, the Lebanese…
Israeli fighter jets struck a command center belonging to Hezbollah’s intelligence division and an underground weapon manufacturing site in Beirut this morning, the IDF says.
Separate strikes in southern Lebanon targeted and killed three prominent Hezbollah operatives.
The IDF identified them as al-Hajj Abbas Salameh, a senior member of Hezbollah’s Southern Front; Reda Abbas Ouda, a communications specialist; and Ahmed Ali Hussain, a member responsible for weapons manufacturing.
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Separate strikes in southern Lebanon targeted and killed three prominent Hezbollah operatives.
The IDF identified them as al-Hajj Abbas Salameh, a senior member of Hezbollah’s Southern Front; Reda Abbas Ouda, a communications specialist; and Ahmed Ali Hussain, a member responsible for weapons manufacturing.
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Moldovans vote in presidential election and EU membership referendum in Moscow A large queue of Moldovan citizens who want to vote in the referendum and presidential elections lined up in front of the Moldovan Embassy in the center of Russia's capital, Moscow.…
Observers at the elections in Moldova have already received more than 170 incident reports at polling stations. The reports pertained to voting violations, with 34 of them confirmed.
That ballot boxes were not sealed was among the violations reported.
The leader of the Victory political bloc, Ilan Shor, said his lawyers are preparing violation complaints on voting day in Moldova due to the presence of EU flags at polling stations, which could be considered a form of campaigning.
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That ballot boxes were not sealed was among the violations reported.
The leader of the Victory political bloc, Ilan Shor, said his lawyers are preparing violation complaints on voting day in Moldova due to the presence of EU flags at polling stations, which could be considered a form of campaigning.
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🇷🇺🪖Key statements from the Russian MoD’s daily briefing on the special military operation's progress:
🔸 The Russian Yug Battlegroup defeated a Ukrainian brigade in the area of Dobrovolye settlement in the Donetsk People's Republic (DPR), and repelled one counterattack. Ukrainian losses amounted to 645 militants during the day.
🔸 Ukrainian forces lost up to 90 soldiers in the area of responsibility of the Russian Sever combat group;
🔸 The Russian Tsentr Battlegroup defeated five Ukrainian brigades in the DPR and repelled nine counterattacks. Ukrainian losses amounted to 460 soldiers;
🔸 Ukrainian losses in the area of responsibility of the Russian Zapad combat group amounted to more than 450 militants;
🔸 The Russian Dnepr Battlegroup destroyed two Ukrainian ammunition depots. Ukrainian losses amounted to 50 servicemen;
🔸 The Russian air defense systems shot down five HIMARS shells and 142 Ukrainian drones.
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🤪Gargle, Rinse, Repeat
US Presidential candidate of the Democratic Party, Kamala Harris, was caught red-handed in giving the same speeches at her rallies again… and again.
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US Presidential candidate of the Democratic Party, Kamala Harris, was caught red-handed in giving the same speeches at her rallies again… and again.
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❗️Over the past 24 hours, Ukrainian losses amounted to more than 310 militants in Russia's Kursk region, and nine armored vehicles have also been destroyed, the Russian Defense Ministry reported. In total, during the fighting in the region, Kiev has lost more than 25,050 militants and 167 tanks.
Russia's Sever Battlegroup continued its offensive operations, and Ukrainian forces were defeated in the ten populated areas.
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Russia's Sever Battlegroup continued its offensive operations, and Ukrainian forces were defeated in the ten populated areas.
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The date of Serbia's liberation from the Nazis in World War II is associated with the end of the Belgrade operation on October 20, 1944. Fighters of the Soviet Second and Third Ukrainian Fronts under the command of Marshal Fedor Tolbukhin participated in the battles for the capital of Yugoslavia, and units of the People's Liberation Army (PLA) of Yugoslavia Josip Broz Tito fought their way towards them.
In the center of Belgrade there is a memorial dedicated to the 2,953 soldiers of the PLA and 940 soldiers and officers of the Red Army who fell during the liberation of the city.
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The march of the Immortal Regiment in the capital of Serbia in honor of the 80th anniversary of the liberation of Belgrade.
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John Shipton, Julian Assange's father, has thanked President Vladimir Putin, noting that in 2012, Putin was the first head of state to defend Assange’s rights as a publisher and journalist. At a time when Assange faced relentless smears from the US, UK, and Australia, Shipton acknowledged Putin's support.
"For that, I extend my affection to your president," he told Sputnik.
Shipton, founder of Australia's now-defunct Wikileaks Party, arrived in Moscow on Saturday night at the invitation of the BRICS Journalists Association and its co-chair Mira Terada, a human rights advocate and publicist.
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Media is too big
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John Shipton, the father of Julian Assange, warned about the dangers of information control and the role of "color revolutions" in destabilizing nations during a discussion on the implications of his son’s case for independent journalism.
Shipton highlighted that the information Wikileaks exposed over the years has shown "how the United States' empire instituted itself into the states that it wishes to have as vessels or goes about destroying those states."
He emphasized that color revolutions are often fueled by the manipulation of information, with NGOs and journalists being used to undermine a country’s stability.
According to Shipton, these revolutions are clear examples of how controlling information can shape regime changes without regard for people’s interests, as seen in Ukraine, Belarus, and Kazakhstan.
He noted, "We can clearly see without any doubt what happens when people control or institutions... determined to regime change a state without the interests of the people in mind."
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🔥 A US-made Stryker armored personnel carrier used by Ukrainian forces was destroyed by a Russian drone strike in the Kharkov region, according to the Russian Defense Ministry
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"BRICS is the rest of the world, manifestly abandoning the United States," John Shipton, Julian Assange's father, told Sputnik as he highlighted the bloc's growing global influence. He pointed out that BRICS represents 45% of the world's population and 34% of global GDP, while the G7 lags behind.
Shipton emphasized the importance of industrial growth within BRICS nations, which he views as the foundation of a strong economy. In contrast, he criticized the West for neglecting industrial development, leading Europe into an "unnatural, unavoidable decline," though he noted a glimmer of hope for the US due to emerging re-industrialization efforts.
Shipton, founder of Australia's now-defunct Wikileaks Party, arrived in Moscow on Saturday night at the invitation of the BRICS Journalists Association and its co-chair Mira Terada, a human rights advocate and publicist.
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🇷🇺🇷🇸 Russian President Vladimir Putin held a telephone conversation with his Serbian counterpart Aleksandar Vucic, according to the Kremlin:
▪️ The leaders exchanged congratulations on the occasion of the 80th anniversary of the liberation of Belgrade from Nazi invaders;
▪️ They expressed satisfaction with the level of bilateral relations, confirmed the intention to further strengthen mutually beneficial cooperation;
▪️ Vucic thanked Putin for the principled position that the Russian Federation takes on the territorial integrity of Serbia;
▪️ The situation around Ukraine was discussed, Putin assessed the progress of the special military operation;
▪️ The leaders agreed to maintain personal contact.
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▪️ The leaders exchanged congratulations on the occasion of the 80th anniversary of the liberation of Belgrade from Nazi invaders;
▪️ They expressed satisfaction with the level of bilateral relations, confirmed the intention to further strengthen mutually beneficial cooperation;
▪️ Vucic thanked Putin for the principled position that the Russian Federation takes on the territorial integrity of Serbia;
▪️ The situation around Ukraine was discussed, Putin assessed the progress of the special military operation;
▪️ The leaders agreed to maintain personal contact.
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Very few people realize the “density of propaganda” in the United States, says John Shipton, WikiLeaks Party founder and father of Julian Assange.
“The density of propaganda and the willingness of the government and its institutions to delude the people and mislead the people is completely ruthless,” he tells Sputnik.
The US government, Shipton explains, actively resists efforts by American people to express their own opinions via social media, with Washington insisting on a “unity of policy.” As the option of ensuring the populace’s obedience by siccing the military on them is unavailable to a democratic government, Washington employs media to convince people to follow its policies, Shipton says.
“This is a really important understanding to understand how a government or in a contemporary state institutes its policies,” he suggests. Shipton also remarks that “the US government as an empire” understands that “the state is the highest form of human organization” and thus “makes every effort to demoralize institutions of state in those countries that it wants to vassalize.”
“So you can see in the EU is now a contention between the declarations of the EU and those states within the EU,” he remarks. While people such as Hungarian Prime Minister Viktor Orban or Slovakian Prime Minister Robert Fico strive to maintain the “quality” of their respective states, Brussels attempts to keep them in line by threatening to withhold their own money.
“The centralized distribution of money for the European Bank, the European Community Bank, ECB, it is all of the state's money goes into the ECB and then it's redistributed to those states,” Shipton points out. “This gives the ECB and the EU enormous power and removes a fundamental power from those states so involved the ability to raise your own money. If you can't raise your own money, you cannot improve the quality of your people by directing funds to those areas that will improve those qualities.”
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