• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Reality catching up with EV forecasts
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 9 days The Federal Reserve and Money...Aspects which are not widely known
  • 14 days US Oil Independence is a myth and will always be a myth
  • 14 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 17 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 17 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Georgia Becomes A Regional Trading Hub

Georgia Becomes A Regional Trading Hub

Statistics show Georgia’s South Caucasus…

Armenia And Azerbaijan Deadlocked In Talks Over Key Corridor

Armenia And Azerbaijan Deadlocked In Talks Over Key Corridor

Azerbaijan's blockade of the Lachin…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Russia Holds Nuclear Drills As Biden Unveils New Aid Package For Ukraine

  • Russia has launched fresh nuclear drills just outside of Moscow.
  • The news comes as Biden unveils a $700 million arms package for Ukraine.
  • "We currently see no indication that Russia has intent to use nuclear weapons in Ukraine,” Biden noted. 

Russia's nuclear forces have launched fresh drills northeast of Moscow, in the Ivanovo province, according to new Russian defense ministry statements Wednesday.

Reuters cited Interfax news agency to report that "Some 1,000 servicemen are exercising in intense maneuvers using over 100 vehicles including Yars intercontinental ballistic missile launchers," based on the Russian MoD statement.

Some Western media reports are seeing the drill as a response and warning to Washington over the White House approving yet more military aid and weapons to Ukraine, particularly longer-range rockets.

Newsweek, for example, writes that "The report follows the announcement that the U.S. has approved a $700m package of security assistance to be sent to Kyiv, which will include helicopters, anti-tank weapon systems and medium-range high mobility artillery rocket systems."

ADVERTISEMENT

The Kremlin is meanwhile issuing new warnings over the US violating its stated "red lines"...

RUSSIAN FOREIGN MINISTER LAVROV SAYS THERE ARE RISKS THAT A THIRD COUNTRY COULD BECOME INVOLVED IN UKRAINE CONFLICT DUE TO SUPPLIES OF ROCKET LAUNCHERS

It also comes interestingly as a new consensus has emerged that Russian forces are winning in Donbas, amid the latest steady gains over the whole of Luhansk province, and as the final Ukrainian holdout city of Sievierodonetsk is poised to fall to the Russians. The fresh White House move to send in longer range rockets (which are in effect 'medium-range') seems aimed at stalling the Russian gains made in Donbas.

ADVERTISEMENT

The Biden administration last week said it would reject the possibility of sending long-range rockets, fearing things could spiral toward rapid escalation with Russia, after the Kremlin declared "red lines" concerning this type of major West-supplied weaponry.

In President Biden's Tuesday New York Times op-ed outlining "what America will do and not do in Ukraine," he stressed that he doesn't believe Russia intends to use nuclear weapons. "I know many people around the world are concerned about the use of nuclear weapons," he began on this point.

"We currently see no indication that Russia has intent to use nuclear weapons in Ukraine, though Russia’s occasional rhetoric to rattle the nuclear saber is itself dangerous and extremely irresponsible. Let me be clear: Any use of nuclear weapons in this conflict on any scale would be completely unacceptable to us as well as the rest of the world and would entail severe consequences," the president said.

By Zerohedge.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage


ADVERTISEMENT


ADVERTISEMENT



Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News