this post was submitted on 17 Nov 2024
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Biden allows Ukraine to use US arms to strike inside Russia (www.reuters.com)
submitted 1 week ago by geneva_convenience@lemmy.ml to c/worldnews@lemmy.ml
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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.

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[–] TranscendentalEmpire@lemm.ee 1 points 1 week 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.

[–] davel@lemmy.ml 4 points 1 week 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.

[–] TranscendentalEmpire@lemm.ee -4 points 1 week 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.