Venezuela: USA meets Maduro
With fears that the war in Ukraine could push global energy prices even higher, Washington recently met Venezuelan president Nicolás Maduro to discuss conditions for repealing the crippling US sanctions in place against his country. Washington, which broke off relations in 2019 over Maduro’s rigged elections and crackdowns on opposition protests, is reportedly demanding free and fair presidential elections and extensive reforms to the Venezuelan oil sector. Maduro, for his part, wants an end to the sanctions and to be readmitted to the SWIFT global financial platform. Venezuela is a close ally and partner of Russia. Some members of Congress have criticised any effort to rekindle relations, saying that efforts to isolate Putin should not boost other authoritarian leaders. Aside from the political whiplash of resuming oil trade, Venezuela’s oil fields have long suffered from mismanagement. Some industry analysts say it could be slow to increase supply. See
World: food marooned in Ukraine
The prospect of Ukraine’s wheat harvests being marooned by war has already sent wheat prices to record highs. If the crops cannot leave the country, global food shortages are likely. Ukraine is one of the world’s great breadbaskets. It is the top producer of sunflower seeds, its black-earth fields yield large oilseed crops, they export 12% of the world’s wheat and 17% of its corn. However the war has done grave damage to Ukraine’s infrastructure. Russian missiles have ruined airports, roads still existing have militarised checkpoints, and few companies want to send trucks across land borders already choked with refugees. Previously Ukraine’s sea ports exported 200,000 tonnes of wheat a day. Now the best it is likely to attain through transloading operations at every one of its western border crossings - Romania, Slovakia, Poland and Hungary - is ‘under 20,000 tonnes a day, altogether’.
China: nuclear buildup, preparing to retake Taiwan
China is engaged in a massive nuclear weapons buildup that includes hundreds of new strategic missiles, and Chinese President Xi Jinping is preparing the military to retake Taiwan, USA’s most senior intelligence official told Congress on 8 March. Avril Haines, director of national intelligence, disclosed new information on threats from China and dangers posed by Russia, North Korea and Iran at the annual briefing on threats to US security around the globe. China’s military buildup includes the largest ever nuclear force expansion and arsenal diversification in its history, and there were 39 incursions Into Taiwan's airspace by fighter planes in one day. The Pentagon is warning that China is preparing for a military campaign, so it is sending new sales of advanced-grade military drones to Taiwan.
USA: Donald Trump’s possible criminal acts
The congressional committee investigating the attack on Capitol Hill said in a court filing, ‘Evidence and information available to the Committee establishes a good-faith belief that Mr Trump and others may have engaged in criminal and/or fraudulent acts. The select committee also has a good-faith basis for concluding that the President and members of his campaign engaged in criminal conspiracy to defraud the USA.’ If John Eastman is proven to have worked unethically for Mr Trump his legal licence may be suspended, and it increases political pressure on the Attorney General to charge Trump.
