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Russia and Saudi Arabia: A case of ‘PEACE FOR OIL and OIL FOR PEACE’

Russia is fast becoming the Middle East’s provider of a geo-political insurance policy.

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Yesterday witnessed the first arrival of a Saudi monarch on Russian soil and today, the largest Saudi delegation ever to visit Russia, is currently thrashing out the details of multiple bilateral deals in energy and other commercial areas.

The event has confounded many expectations as well as confused many pundits who view geo-political relations, purely on ideological terms. In reality, Saudi Arabia needs Russia and Russia is happy to work with any business partner whose relations can bring something positive to the Russian economy.

A $1 billion joint investment fund related to energy projects has already been established between Saudi and Russia, the details of which will likely emerge this week. Furthermore, a statement from Russia declares, “the leaders (of government and businesses) will consider joint steps to further develop bilateral cooperation in the trade, economic, investment and cultural-humanitarian areas”.

Earlier this year, Russia made a deal with OPEC to freeze oil production in an attempt to stabilise falling oil prices. With the United States rapidly becoming a major factor in energy export markets, Saudi Arabia now finds itself as a kind of competitor with its Washington ally, when it comes to selling oil.

Reuters reports,

“Russian President Vladimir Putin said this week that a pledge by the Organization of the Petroleum Exporting Countries and other producers, including Russia, to cut oil output to boost prices could be extended to the end of 2018, instead of expiring in March 2018.

 Russian Energy Minister Alexander Novak said on Thursday that Moscow would support new countries joining the agreement to restrict oil supply.

The statement came as Saudi Arabia’s King Salman visited Moscow”

Russia could have indeed bucked the OPEC deal and increased production, thus creating a price war between OPEC, of which Saudi is a founding member and non-OPEC energy producers including the US and Russia.

However, Russia opted not to do this for several reasons.

Russia has a natural interest, as most key energy exporters do, in not engaging in a race to the bottom with would-be, let alone actual competitors. In this sense, while Russia as a military and geo-political superpower does not need the protection of OPEC that less powerful energy producers do, it is nevertheless in Moscow’s interest to cooperate with OPEC on a case by case basis. In this sense, Russia has made the decision to value stability of international oil prices more than a would-be ability to undercut competitors and win on volume, while prices plummet in all directions.

Saudi Arabia, for its part, is happy to work with the implied understanding (that may well have been voiced in private) that in exchange for Russian cooperation with OPEC, Saudi will use its surplus sovereign wealth funds which are almost entirely derived from the energy trade, to invest in the Russian economy.

In this sense, Russia’s technology, scientific expertise and growing Eurasian trading routes make a good partner for Saudi’s copious amounts of sovereign wealth.

There is another factor that is also at play. Future Saudi King and current Crown Prince  Mohammad  bin Salman, is eager to diversify the Saudi economy. His pet project, Vision 2030, is already seen as overly ambitious and therefore, Saudi needs all the help it can get in becoming less dependant on oil and on foreign expertise to run the domestic economy.

Russia’s key geographic and geo-political placement on China’s One Belt–One Road combined with Saudi’s already (surprisingly to ideologues) good relations with China, means that Russia is a natural economic partner to Saudi in this sense. Saudi wants and needs as much as it can from One Belt–One Road and now Riyadh is officially working on good terms with the two largest countries along One Belt–One Road.

Saudi Arabia may need Russia more than it needs America

As for lingering foreign policy agreements which have the potential to make life difficult for Saudi and Russia, the short answer is that Russia is not concerned about this and increasingly, nor is Saudi, in spite of what Saudi propaganda designed for a regional Arab audience may indicate.

Saudi Arabia’s foreign policy is far more limited than many acknowledge. While expensively armed, the Saudi armed forces are not well trained and by most accounts, not incredibly capable. The Saudi led air-war against Yemen which has created a humanitarian disaster, has not given Saudi any clear geo-political advantage. It has only further antagonised Iran and created bad publicity for Saudi among human rights activists in the west, including some left-leaning political figures like Jeremy Corbyn. Yet at the end of the day, Saudi’s misadventure in Yemen, which is privately criticised by many in the Saudi deep state, has done Saudi more harm than good, but at this juncture, such geo-political harm is mostly limited to Shi’a states in the Middle East.

While Saudi has been notorious for funding terrorism, this too has done little to weaken its Arab rivals, especially compared with decades of sustained Israeli aggression which has done far more to create instability and chaos  in the Arab world.

This is not to say that Saudi foreign policy is moral, ethical or well-intentioned, it is none of those things, but nor has it been particularly effective in the crucial long term perspective. This distinction is often lost in impassioned arguments over the Saudi regime’s tactics.

Finally there is another angle, expert journalist Pepe Escobar has written multiple pieces on the internal power struggle in Saudi. Much of this revolves around the battle between the young Crown Prince Mohammad Bin Salman (MBS) and the former next in line to the throne, Muhammad bin Nayef (MBN).

While MBS is the younger, more ambitious and by many accounts the more frivolous of the two rivals, MBN is considered the more ‘west friendly’ of the two princes. MBN is seen as someone who would have trudged along, preserving the status quo of Saudi having strong relations with the west, decent but ultimately second rate relations with China and limited relations with Russia. By contrast, MBN wants to diversify the Saudi economy, is said to have good relations with Russian officials, but more dangerously, also wants Saudi to have a more pro-active foreign policy.

This worries many ‘Russia watchers’, far more than it worries the Russian political class. Russia is all too aware of how mutual business interests and long-term respectful diplomatic communication can help reduce tensions between regional rivals to mere rhetoric. Turkey’s newfound defence of Syrian and Iraqi territorial integrity, has been as much because of Turkey’s economic reliance on Russia as it is because of Kurdish nationalism in the region. While Kurdish nationalism has angered Turkey, Russia’s partnership has assured Turkey that a balance of power will ultimately be maintained in the Middle East by the Russian geo-political superpower that Ankara has come to both trust and respect. In this sense, Russia’s stabilising hand offers most Middle East actors, a kind of unspoken but equally unambiguous insurance policy.

The Russian geo-political ‘insurance policy’ has also helped to bring Turkey and Iran closer together. Again, while Kurdish nationalism and Israeli aggression has mutually infuriated Ankara and Tehran, it was first and foremost, Russia’s friendship with both powers that allowed Iran and Turkey to develop a newfound sense of trust and mutually beneficial economic relations.

Turkish President Erdogan meets with Iran’s Supreme Leader Ali Khamenei to solidify partnership

Turning to the dispute between Riyadh and Doha, Russia’s genuinely neutral stance on the row between Qatar on the one hand and Saudi Arabia, the UAE, Bahrain and Egypt on the other, has earned Russia genuine respect on all sides of this conflict.

And then one has to necessarily turn to the Saudi/Iranian conflict. MBS is considered one of the more anti-Iranian figures in a Saudi state that is de-facto anti-Iran. While some ideologically motivated commentators think that the Saudi monarch’s visit to Moscow is a betrayal of the Moscow-Tehran partnership, this is no more the case than Russia’s increasingly good relations with Turkey has been a threat to Russia’s Syrian partner.

The slow-moving but increasingly obvious outcome of good Russian relations with Turkey has meant that Turkey is now playing a less destructive and detracting role in Syria.  While Damascus and Ankara still do not have official diplomatic channels, the fact that Damascus welcomed the Turkish policed de-escalation zone in Syria’s Idlib Governorate, is a sign of a small yet significant rapprochement, albeit via a third party.

Likewise, if both Iran and Saudi become increasingly intertwined in an economic partnership with Russia and also China, there will be less of a chance that Saudi would ever make good on its threats against Iran. Even now, the threats against Iran are mostly rhetorical as Saudi simply does not have the ability to even attempt to win a war against Iran’s superior armed forces.

In this sense, Russia is helping create stability in the Middle East by making previous and current rival nations into countries that each have an economic interest in a common partner. That partner is Russia which increasingly also means China, by extrapolation, as well as overriding realities of Chinese investment in the Middle East. There is only one nation that is one good to very good terms with nations as diverse as Iran, Saudi Arabia, Syria, Turkey, Iraq, Egypt, Qatar, Palestine, Israel and in many ways, event the notoriously difficult Lebanon. This country is Russia.

Just as Nawaz Sharif’s ouster from the Premiership in Islamabad has not negatively impacted Pakistan’s close economic and geo-political relations with China, so too would any would-be palace coup in Saudi, or any other Persian Gulf monarchy, not effect relations with Russia as much as some would hope or in other cases, fear. There is only so much that any ideological state can do to resist pragmatism. This far, Russia has quietly made sure that in all such states, pragmatic thinking beats out ideological rhetoric. Saudi Arabia is no exception, it in fact, proves the rule.

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The Ukrainian President Signs a Pact With Constantinople – Against the Ukrainian Church

There is still a chance to prevent the schism from occurring.

Dmitry Babich

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Authored by Dmitry Babich via Strategic Culture:


Increasingly tragic and violent events are taking their toll on the plight of the canonical Ukrainian Orthodox Church of Ukraine . After several fights over control of the church’s property, prohibitions and blacklists are starting to spread, affecting respected church figures coming from Russia to Ukraine. The latest news is that the head of the Moscow Theological Academy, Archbishop Amvrosyi Yermakov, was deported from Ukraine back to Russia. Amvrosyi’s name popped up on the black list of Russian citizens who are not deemed “eligible to visit” Ukraine. Obviously, this happened right before his plane landed in Zhulyany, Kiev’s international airport. After a brief arrest, Amvrosyi was put on a plane and sent back to Moscow. This is not the first such humiliation of the Orthodox Church and its priests that has taken place since the new pro-Western regime came to power in Kiev in 2014. Patriarch Kirill of the Russian Orthodox Church has been declared persona non grata throughout Ukraine since 2014. That decision was made by humiliatingly low-level officials. A department within the Ukrainian ministry of culture published a ruling stating that Kirill’s visit to Ukraine’s capital of Kiev “would not be desirable.”

Since the ancestors of modern Russians, Belarusians, and Ukrainians were first baptized in 988 in Kiev, the Patriarchs of the Russian Church have never had problems visiting Kiev, the birthplace of their church. Not even under the Bolsheviks did such prohibitions exist. So, for Patriarch Kirill of the Russian Orthodox Church to be denied permission to visit Kiev can only be compared to a possible prohibition against the pope visiting Rome. Since 2014, there have also been several criminal cases filed against the priests of the canonical Ukrainian Orthodox Church (UOC MP) because they have called the hostilities in eastern Ukraine a “civil war” and have discouraged the faithful from supporting that war. This has been interpreted by the Ukrainian state authorities as a call for soldiers to desert the army.

Why Poroshenko’s meeting with Bartholomew is ominous

Despite the fact that the UOC MP has become used to all sorts of trouble since 2014, things have been looking even worse for the canonical church lately, as 2018 draws to a close. In early November 2018, Ukrainian President Petro Poroshenko broke the wall of separation between church and state in the most overt manner possible — he signed “an agreement on cooperation and joint action” between Ukraine and the so called Constantinople Patriarchate, the oldest institution of Orthodox Christianity, which is now based in Turkish Istanbul.

Rostislav Pavlenko, an aide to Poroshenko, wrote on his Facebook page that the agreement (not yet published) is premised on the creation of a new “autocephalous” Orthodox Church of Ukraine — a development that the official, existing Orthodox Churches in Russia and Ukraine view with foreboding as a “schism” that they have done all they can to prevent. Why? Because Poroshenko’s regime, which came to power via a violent coup in Kiev in 2014 on a wave of public anti-Russian sentiment, may try to force the canonical Orthodox Church of Ukraine to merge with other, non-canonical institutions and to surrender to them church buildings, including the famous monasteries in Kiev and Pochai, as well as other property.

President Poroshenko was visibly happy to sign the document — the contents of which have not yet been made public — on cooperation between the Ukrainian state and the Constantinople Patriarchate, in the office of Bartholomew, the head of the Constantinople Patriarchate. Poroshenko smiled and laughed, obviously rejoicing over the fact that the Constantinople Patriarchate is already embroiled in a scandalous rift with the Russian Orthodox Church and its Ukrainian sister church over several of Bartholomew’s recent moves. Bartholomew’s decision to “lift” the excommunication from two of Ukraine’s most prominent schismatic “priests,” in addition to Bartholomew’s declaration that the new church of Ukraine will be under Constantinople’s direct command — these moves were just not acceptable for the canonical Orthodox believers in Russia and Ukraine. Kirill, the Patriarch of the Russian Orthodox Church (ROC), as well as Onufriy, the Metropolitan of Kiev and all Ukraine, are protesting loudly, viewing this situation as a breach of two basic principles. First of all, the Ukrainian state has interfered in the church’s affairs, asking Constantinople to give the Ukrainian church “autocephaly,” which that church never requested. Second, Constantinople itself has interfered in the affairs of two autonomous national churches, the Russian and the Ukrainian. In the eyes of Ukrainian and Russian clergy, Bartholomew is behaving like the Roman pope and not as a true Orthodox leader who respects the autonomy and self-rule of the separate, national Orthodox Churches.

The Russian President sympathizes with the believers’ pain

Two days before Poroshenko made his trip to Istanbul, Russian president Vladimir Putin broke with his usual reserve when commenting on faith issues to bitterly complain about the pain which believers in Russia and Ukraine have experienced from the recent divisions within the triangle of Orthodoxy’s three historic capitals — Constantinople, Kiev, and Moscow.

“Politicking in such a sensitive area as religion has always had grave consequences, first and foremost for the people who engaged in this politicking,” Putin said, addressing the World Congress of Russian Compatriots, an international organization that unites millions of ethnic and cultural Russians from various countries, including Ukraine. Himself a practicing Orthodox believer, Putin lauded Islam and Judaism, while at the same time complaining about the plight of Orthodox believers in Ukraine, where people of Orthodox heritage make up more than 80% of the population and where the church has traditionally acted as a powerful “spiritual link” with Russia.

Despite his complaints about “politicking,” Putin was careful not to go into the details of why exactly the state of affairs in Ukraine is so painful for Orthodox believers. That situation was explained by Patriarch Kirill. After many months of tense silence and an unsuccessful visit to Barthlomew’s office in Istanbul on August 31, Kirill has been literally crying for help in the last few weeks, saying he was “ready to go anywhere and talk to anyone” in order to prevent the destruction of the canonical Orthodox Church in Ukraine.

Politics with a “mystical dimension”

Kirill said the attack against the Orthodox Church in Ukraine “had not only a political, but also a mystical dimension.” Speaking in more earthly terms, there is a danger that the 1,000-year-old historical Ukrainian Orthodox Church of the Moscow Patriarchate (UOC-MP) — which now owns 11,392 church buildings, 12,328 parishes, and two world-famous monasteries in Ukraine — will be dissolved. The roots of the UOC MP go back to the pre-Soviet Russian Empire and even further back to the era of Kievan Rus, the proto-state of the Eastern Slavs in the tenth-twelfth centuries AD, when the people who would later become Russians, Ukrainians, and Byelorussians were adopting Orthodox Christianity from the Byzantine Empire. It is by far the biggest church in Ukraine, as Mikhail Denisenko’s non-canonical “alternative” church has only 3,700 parishes that include church buildings (fewer than a third of what is owned by the UOC-MP, despite the fact that Denisenko enjoys official support from the Ukrainian state).

What many Russian and Ukrainian believers fear is that the Istanbul-based Patriarch Bartholomew will eventually grant Kiev what is being called autocephaly. In that event, the UOC-MP may be forced to merge with two other, non-canonical churches in Ukraine that have no apostolic liaison. The apostolic succession of the UOC-MP consists in the historical fact that its first bishops were ordained by medieval bishops from Constantinople, who had in turn been ordained by Christ’s disciples from ancient Israel. Apostolic succession is crucial for the Orthodox Church, where only bishops can ordain new priests and where the church’s connection to the first Christians is reflected in many ways, including in the clergy’s attire.

Metropolitan Hilarion (his secular name is Grigory Alfeyev), the Russian church’s chief spokesman on questions of schism and unity, accused the patriarch of contributing to the schism by officially “lifting” the excommunication from Ukraine’s most prominent schismatic church leader — the defrocked former bishop Mikhail Denisenko. That clergyman stands to gain most from the “autocephaly” promised to Poroshenko by Patriarch Bartholomew. A hierarchical Orthodox Church is considered to have autocephalous status, as its highest bishop does not report to any higher-ranking bishop. Ukrainian President Petro Poroshenko has stated that for Ukraine to be granted autocephaly from Istanbul, this would mean a complete “reformatting” of the country’s religious status quo and the severing of all links to Orthodox Russia and its “demons.”. Most likely, the new “united” church won’t be headed by the UOC MP’s Metropolitan, but by Mikhail Denisenko, who was excommunicated by both the UOC MP and the Russian church back in 1997 and with whom real Orthodox priests can only serve against their will and against the church’s internal rules.

Constantinople’s first dangerous moves

On October 11, 2018, the Constantinople Patriarchate made its first step towards granting autocephaly by repealing its own decision of 1686 that gave the Moscow Patriarch primacy over the Kiev-based Metropolitan. This 17th-century decision reflected the political reality of the merger between the states of Russia and Ukraine and established some order in the matters of church administration. After the collapse of the Soviet Union in 1991, Moscow gave the Ukrainian church complete independence in financial and administrative matters, but the two churches retained their cherished “spiritual unity.” “Constantinople’s decision is aimed at destroying that unity,” the ROC’s Patriarch Kirill explained. “We can’t accept it. That is why our Holy Synod made the decision to end eucharistic communication with the Constantinople Patriarchate.”

How Moscow “excommunicated” Bartholomew

The end of eucharistic communication means that the priests of the two patriarchates (based in Moscow and Istanbul) won’t be able to hold church services together. It will be maintained as long as the threat of autocephaly continues. The Western mainstream media, however, interpreted this decision by the Russian church as a unilateral aggressive act. The NYT and the British tabloid press wrote that it simply reveals Putin’s “desperation” at not being able to keep Ukraine’s religious life under control.

However, Patriarch Bartholomew seems undeterred by the protests from the Russian faithful and the majority of Ukraine’s believers. Bartholomew said in a recent statement that Russia should just follow the example of Constantinople, which once granted autocephaly to the churches of the Balkan nations. Bartholomew’s ambassadors in Kiev do not shy away from communicating with the self-declared “Patriarch” Filaret (Mikhail Denisenko’s adopted religious name from back when he was the UOC MP’s Metropolitan prior to his excommunication in 1997). For true Orthodox believers, any communication with Denisenko has been forbidden since 1992, the year when he founded his own so-called Ukrainian Orthodox Church of the Kiev Patriarchate (UOC-KP). Unfortunately, Denisenko enjoys the full support of Ukrainian President Poroshenko, and recently the US State Department began encouraging Denisenko, by giving its full support to Ukraine’s autocephaly.

The lifting of Denisenko’s excommunication by Patriarch Bartholomew in Istanbul both upset and embittered the Orthodox believers in both Ukraine and Moscow, since Denisenko was excommunicated by a joint decision of the Russian church and the UOC MP in 1997, after a five-year wait for his return to the fold of the mother church. So, by undoing that decision, Constantinople has interfered in the canonical territory of both the Ukrainian and the Russian churches.

The UOC-MP protested, accusing not only Patriarch Bartholomew, but also the Ukrainian state of interfering in the church’s affairs. “We are being forced to get involved in politics. The politicians do not want Christ to run our church; they want to do it themselves,” said Metropolitan Onufriy (Onuphrius), the head of the UOC-MP, in an interview with PravMir, an Orthodox website. “Since the collapse of the Soviet Union in 1991, the Ukrainian Orthodox Church of the Moscow Patriarchate has been independent. Our church did not ask for autocephaly, because we already have independence. We have our own Synod (church council) and our own church court. Decisions are made by a congress of bishops and priests from all over Ukraine. We have financial and administrative independence, so autocephaly for us will be a limitation, not an expansion of our rights.”

Poroshenko’s premature jubilation

Meanwhile, Ukrainian President Poroshenko did not conceal his jubilation about Constantinople’s moves. “This is a victory of good over evil, light over darkness,” Poroshenko said when the news about the lifting of Denisenko’s excomnmunication came from Istanbul in early October.

Poroshenko said he wanted a “united Orthodox Church” for his country, and he openly pressured Patriarch Bartholomew to provide autocephaly to Kiev during his visits to Istanbul in the spring of 2018 and in November of the same year. Meanwhile, Denisenko said that the provision of autocephaly would mean the immediate dispossession of the UOC MP. “This Russian church (UOC MP) will have to cede control of its church buildings and famous monasteries to the new Ukrainian church, which will be ours,” Denisenko was quoted by Ukrainian media as saying. “These monasteries have been owned by the state since Soviet times, and the state gave them to the Russian church for temporary use. Now the state will appoint our communities of believers as the new guardians of this heritage.” Denisenko also made a visit to the US, where he met Undersecretary of State Wess Mitchell, obtaining from him America’s active support for the creation of a “unified” Ukrainian church.

There is still a chance to prevent the schism from occurring. Poroshenko’s presidential aide, Rostislav Pavlenko, made it clear on Tuesday that the actual “tomos” (a letter from the Constantinople Patriarchate allowing the creation of an autocephalous church) will be delivered only IN RESPONSE to a request from a “unifying convention” that represents all of Ukraine’s Orthodox believers in at least some sort of formal manner. This new convention will have to declare the creation of a new church and elect this church’s official head. Only then will Constantinople be able to give that person the cherished “tomos.”

Since the UOC-MP has made it very clear that it won’t participate in any such convention, the chances of the smooth transition and easy victory over the “Muscovite believers” that Poroshenko wants so badly are quite slim. There are big scandals, big fights, and big disappointments ahead.

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Trump DEMOLISHES Macron; Tweets ‘Make France Great Again’ (Video)

The Duran Quick Take: Episode 16.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at US President Trump’s tweetstorm aimed at French President Macron, who just days ago used the WW1 ceremony in Paris to ridicule and talk down to the US President in front of world leaders.

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https://soundcloud.com/user-901836666/trump-demolishes-macron-tweets-make-france-great-again

Via Zerohedge

Macron’s office has refused to comment on Trump’s claims.

OFFICE OF FRENCH PRESIDENT MACRON SAYS IT REFUSES TO MAKE ANY COMMENT REGARDING TRUMP’S TWEETS CRITICISING FRANCE AND MACRON

* * *

Without directly referencing the rumors, Trump has branded reports that he refused to appear at a cemetery for American soldiers because he didn’t want to get his hair wet as “fake news.” In the tweet, Trump insisted that he wanted the Secret Service to drive him to the speech instead of taking a helicopter, but they refused because of security concerns. He added that he gave a speech at the cemetery the next day in the pouring rain – something that was “little reported”.

Trump’s rampage against Macron continues. The president slammed his French counterpart for his low approval rating, as well as France’s high unemployment. Furthermore, in response to Macron’s “nationalist” snub, Trump pointed out that “there is no more nationalist country” than France..

…before adding a spin on his classic slogan.

Trump’s rage against Macron continues, but this time, the topic is slightly more serious. What could be more serious than questioning the foundation of Post-WWII military alliances, you might ask? The answer is simple – trade!

Trump conceded that while France makes “very good wine” (an interesting claim from Trump, who doesn’t drink), the country “makes it hard for the US to sell its wine into France, and charges very big tariffs”. Meanwhile “The US makes it easy for French wines and charges small tariffs.”

“Not Fair, must change!”

We now await Trump’s order of an investigation into the national security implications of imported French wine.

* * *

President Trump isn’t ready to forgive the “French diss” served up over the weekend by President Emmanuel Macron.

During a ceremony honoring the 100th anniversary of World War I at the Arc de Triomphe on Sunday, French President Emmanuel Macron insulted Trump to his face by launching into a screed about the dangers of toxic “nationalism” and subtly accusing the US of abandoning its “moral values”.

This did not sit well with the US president, who was already facing criticism over his decision to show up late to a ceremony honoring the war dead (the administration blamed it on security concerns though it’s widely suspected that Trump didn’t want to get his hair wet), and Trump has let his displeasure be known in a series of tweets ridiculing Macron’s suggestion that Europe build its own army, saying that France and other European members of NATO would be better served by paying their fair share for NATO while daring them to leave and pay for their own protection.

And in his most abrasive tweet yet mocking the increasingly unpopular Macron’s imperial ambitions (no, really), Trump pointed out that, historically speaking, Europe has been its own worst enemy, and that while Macron wants to defend the Continent from the US, China and Russia, “it was Germany in WWI & WWII,” adding that “they were starting to learn German in Paris before the US came along. Pay for NATO or not!”

Of course, Macron isn’t the only French official calling for the creation of a “European army”. The country’s finance minister advocated for the creation of a Continental army during an interview with Germany’s Handelsblatt – a comment that was derided by the paper’s editors, who pointed out that Germans “weren’t very supportive” of the idea. One wonders why…

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BREXIT deal reached? May prepares to turn UK into EU vassal state

The Duran Quick Take: Episode 15.

Alex Christoforou

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Theresa May will convene her cabinet “a historic meeting” on Brexit after the UK and EU reportedly agreed on the text of a withdrawal treaty according to the Financial Times.

The Brexit text has been agreed upon in Brussels, and now Theresa May has to sell it to her cabinet.

The FT reports that ministers have been summoned to May’s residence at Number 10 on Tuesday night for individual briefings on the text, including controversial plans for to avoid a hard border in Northern Ireland. Two ministerial sources said there would be a cabinet meeting on Wednesday, with one pro-European official saying: “We are optimistic.”

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at Theresa May’s Brexit deal with the European Union, that now goes to her cabinet for approval and thereafter to the UK parliament and Brussels for what will eventually become the UK’s Withdrawal Agreement.

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Via Zerohedge

The breakthrough is a significant moment in negotiations that potentially paves the way for a November summit of EU leaders to endorse and finalize a deal, assuming of course there is no mutiny in May’s cabinet. Which is why even though the text of the agreement is settled, negotiations will likely continue over the coming days as political objections are raised by London or EU member states, potentially sending the agreement back to the drafting table.

Bloomberg also reported that May’s cabinet was told to expect to be asked to sign off on the Irish backstop clause this week, potentially Wednesday or Thursday. The prime minister is unlikely to press ahead with the meeting unless she believes she can win cabinet support.

* * *

Update: shortly after Theresa May said talks are in the “endgame”, the Prime Minister will hold a one-off Cabinet meeting to discuss Brexit on Wednesday, according to a U.K. official who declined to be named. Meanwhile, Bloomberg reports that top ministers are being called in for a briefing at her Downing 10 office on Tuesday night.

As Irish RTE reported earlier, negotiators have reportedly agreed a text on the backstop.

According to reports, the cabinet was told on Tuesday to expect to be asked to sign off on the Irish backstop clause this week, potentially Wednesday or Thursday. Whether that happens remains to be seen.

Another day, another Brexit negotiation story.

According to RTE reporter Tony Connelly, “EU and UK negotiators have agreed a text on how to avoid a hard border on the island of Ireland, which will form part of the Withdrawal Agreement.”

RTE reports:

“While two well-placed sources have confirmed that the text was “as stable as it can be”, they say it would not be correct to say that the negotiations have “concluded”. According to both sources, there will be one backstop to avoid a hard border on the island of Ireland.”

It also outlines the backstop:

“The backstop will come in the form of a temporary UK-wide customs arrangement, with specific provisions for Northern Ireland, which go deeper on the issue of customs and alignment on the rules of the single market than for the rest of the UK.”

And of course, the algos read the headline and bid cable back above 1.30…

The bottom line – as with so many stories surrounding this negotiation, don’t hold your breath for this headline to be confirmed.

Bloomberg reports that a senior official said it would be wrong to say negotiations were “concluded”, and that there was still some “shuttling” between London and Brussels.

However, if this report turns out to be true then it is a win for May in managing to garner some concession from the EU which was a key sticking point for hardline Brexiteers.

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