Daily Caller
Russia Has Mostly Managed To Dodge One Of Biden’s Key Energy Sanctions
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From the Daily Caller News Foundation
By Nick Pope
Russia is dodging a U.S.-led sanction meant to limit its energy revenues by using a fleet of “shadow tankers” to sell oil at higher prices, according to The New York Times.
Led by the U.S., Western countries imposed a $60 per-barrel price cap on Russian oil after the Ukraine war started in February 2022, a policy proponents claimed would severely limit Russia’s ability to generate oil cash while falling sort of imposing onerous costs on developing countries. However, Russia has managed to sell about 70% of its oil sales above the West’s price by utilizing a fleet of “shadow tankers” — vessels that are unregistered or registered in nations that are not party to the price cap agreement — to dodge the restrictions, the NYT reported, citing a new report by the Kyiv School of Economics Institute.
In the first half of 2024, Russia managed to sell about 75 million barrels of oil each month using vessels with an average age of 18 years, according to the NYT. Russia spent about $10 billion to develop its “shadow tanker” fleet.
Ukraine Reportedly Sending Cooks, Mechanics To Frontlines Of War Against Russia As Manpower Problem Grows Worsehttps://t.co/aLDjzZsW9j
— Daily Caller (@DailyCaller) August 18, 2024
Moreover, ships that are a part of the Russian “shadow tanker” fleet or that are subject to sanctions for breaking the price cap carried a record amount of oil and related products in September, according to the NYT. Some of these vessels made deliveries to ports in China and India, buyers that have purchased considerable amounts of Russian oil despite the Western sanctions against Putin’s economy.
Some officials inside the Biden-Harris administration want to see the government take a harder line against the “shadow tanker” fleet to continue to squeeze Putin, but others are in favor of treading lightly out of concern that cracking down could put upward prices on energy prices with a pivotal presidential election looming, according to the NYT. More broadly, policymakers have been especially careful in how they’ve handled Russia’s energy industry given the risks of a hot war between Iran and Israel, which would likely drive prices up.
While the U.S. and allies will continue working on enforcement, Russia is still selling oil at suboptimal prices and spending billions on its “shadow tanker” fleet, meaning that the sanction is still a success even if it is being evaded to some degree, one U.S. official who requested anonymity to speak freely on the subject told the NYT.
The White House and the Department of the Treasury did not respond immediately to requests for comment.
Daily Caller
NEWT GINGRICH: Europe’s Elites Were Finally Told To Take A Look In The Mirror
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From the Daily Caller News Foundation
By Newt Gingrich
In an amazing show of courage, Vice President J.D. Vance offered an intervention for some of our European allies.
That is the best way to think of the two historic speeches he made in France and Germany last week.
In Paris, Vice President Vance pledged the United States would do whatever it takes to lead the world in the development of Artificial Intelligence. He went on to assert that Europe’s automatic response to regulate technological change rather than adapt to it was doomed to fail.
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Vance warned the Europeans that the Trump administration would retaliate to protect American high-tech companies from being fined and regulated by the European community.
Then, Vance went to the Munich Security Conference. It is the annual meeting of European leaders concerned about defense and threats to peace. The Vice President shocked the Europeans by launching a frontal assault on the decay of their political system.
As Vance put it:
“But while the Trump administration is very concerned with European security and believes that we can come to a reasonable settlement between Russia and Ukraine, and we also believe that it’s important in the coming years for Europe to step up in a big way to provide for its own defense, the threat that I worry the most about vis-à-vis Europe is not Russia, it’s not China, it’s not any other external actor. And what I worry about is the threat from within, the retreat of Europe from some of its most fundamental values — values shared with the United States of America.”
He then went through a litany of specific complaints about the behavior of different European countries. They ranged from failing to control immigration, suppressing free speech, and Brussels seeking to control and define futures of independent countries such as Hungary and Romania.
The leading French newspaper, Le Monde (their equivalent of the New York Times) asserted that the American Vice President was declaring “ideological war on Europe.”
Le Monde was right. The European elites have been decaying for at least two generations. They hide behind their privileged status and take ideological positions that feel good but are destructive. Europe’s failures are devastating for most everyday Europeans.
I have personal knowledge about this. I have a Ph.D. in Modern European History – and I have lived in France, Germany, Belgium and Italy. As a young Army dependent, we were living in France when the French Army came back from Algeria, killed the French Fourth Republic and brought back General Charles de Gaulle to establish the Fifth Republic.
It is now the longest serving non-royal government in French history.
The European elites value each other’s opinions more than they value serving the people of Europe. The European elites live in a fantasy world of green policies that destroy industries and jobs, welfare policies which destroy the work ethic, and immigration policies which undermine the popular culture. They simply hope for a peaceful world without a strong military.
Meanwhile, state enforced speech codes protect Islamic extremists at the expense of local citizens.
The result has been a steady decline of European culture, economic development, and defensive capacity.
The Afghan Islamist who wounded more than two dozen people and killed a mother and her two-year-old daughter with a car two days before the supposed security conference signals the willful avoidance of reality at the heart of the elite European worldview.
To be clear, I admire European civilization. I believe America is far stronger and safer if Europe is healthy and capable of growing and defending itself.
I hope vice president Vance’s intervention at least starts European elites thinking about what must be done to revive their continent.
For more commentary from Newt Gingrich, visit Gingrich360.com. Also subscribe to the Newt’s World podcast.
armed forces
Trump fires chairman of Joint Chiefs of Staff, appoints new military leader
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From the Daily Caller News Foundation
By Mariane Angela
President Donald Trump announced Friday the dismissal of General Charles Brown, the current Chairman of the Joint Chiefs of Staff.
In a post on Truth Social, Trump expressed his gratitude toward Brown for his extensive contributions and leadership, wishing him and his family a prosperous future. Brown’s departure marks a pivotal moment in U.S. military leadership following over 40 years of service.
“I want to thank General Charles “CQ” Brown for his over 40 years of service to our country, including as our current Chairman of the Joint Chiefs of Staff. He is a fine gentleman and an outstanding leader, and I wish a great future for him and his family,” Trump wrote.
Simultaneously, Trump introduced his nominee for Brown’s successor.
“Today, I am honored to announce that I am nominating Air Force Lieutenant General Dan “Razin” Caine to be the next Chairman of the Joint Chiefs of Staff. General Caine is an accomplished pilot, national security expert, successful entrepreneur, and a “warfighter” with significant interagency and special operations experience,” Trump said.
Trump said Caine’s appointment comes after he was overlooked for advancement during former President Joe Biden’s presidency.
“General Caine was passed over for promotion by Sleepy Joe Biden. But not anymore! Alongside Secretary Pete Hegseth, General Caine and our military will restore peace through strength, put America First, and rebuild our military,” Trump said. President Trump also announced plans to appoint five additional senior military officials, tasks he has delegated to Secretary Hegseth.
It was reported Thursday that Hegseth plans to dismiss Brown as part of President Trump’s commitment to eliminate “wokeness” from the military. Brown reportedly appears on a list of proposed removals submitted to Congress.
Brown had previously expressed his wish to retain his position even after Trump took office, and according to sources speaking to NBC News in Dec. 2024, Trump seemingly moderated his views on the general. Biden nominated Brown as chairman in 2023, and despite a heated confirmation hearing where senators scrutinized his alleged implementation of racial quotas in Air Force hiring practices, he was confirmed.
Meanwhile, Brown’s replacement, Caine, took office as the associate director for Military Affairs at the CIA on Nov. 3, 2021, after serving as the director of Special Programs at the Pentagon. Lt. Gen. Dan Caine, an F-16 pilot with extensive experience including over 150 combat hours, was commissioned in 1990 and has held numerous key roles, from the White House staff to special operations, and balances his military career with entrepreneurial ventures.
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