I agree with you Bob. The main thing is that this war showed that many old solutions do not work, and the main factors that affect the success of all sides are technologies and the international situation. The support of allies and the attitude to the war of other countries is becoming more important than the resources of the immediate participants in the war. It is necessary to recognize the fact that despite russia's multiple superiority in resources, it would have surrendered long ago if it did not have the support of China, India, Iran and other countries. Therefore, the end of this war will depend not on the desire of russia, but on the support of the allies and the possibility of continuing the war.
In this regard, Xi's visit to Kazakhstan is very important. Leaders from China, russia and countries in the global south are gathering in Kazakhstan for the annual meeting of the Shanghai Cooperation Organisation (SCO), a group that has been described as the “anti-Nato”.
Established as the “Shanghai Five” in 1996, the group was originally a forum for the founding members – China, russia, Kazakhstan, Kyrgyzstan and Tajikistan – to thrash out border disputes. Since then, its membership and scope has expanded to include countries as diverse and mutually disagreeable as India, Pakistan and Iran. This year, Belarus is expected to be welcomed into the fold.
The summit is part of China’s efforts to establish what it calls a “multilateral” world order that is not dominated by the US. But it is also a forum in which China and russia’s “strategic partnership” will be tested by their competing desires to wield influence in central Asia.
https://www.theguardian.com/world/article/2024/jul/03/xi-jinping-central-asia-trip-china-vies-regional-influence-russiaHungarian Prime Minister Viktor Orban yesterday unexpectedly visited Ukraine. He respects President Volodymyr Zelenskyy's peace formula but considers it too lengthy to implement. At a press conference in Kyiv, the head of the Hungarian government stated that he is offering Ukraine alternative options to end the war. Orban noted that he proposed an immediate ceasefire to Zelenskyy for further negotiations.
https://news.liga.net/en/politics/news/orban-asks-zelenskyy-to-consider-ceasefire-and-negotiations-in-kyivThe attempt to organize a coup went completely unnoticed by the Ukrainians.
Ukraine has foiled an alleged plot to overthrow the government that “would have played into russia’s hands,” security officials in the war-torn country said Monday. In a Telegram post, the Security Service of Ukraine (SBU) claimed the plot organizers planned to trigger a riot in Kyiv on June 30 as a distraction to seize control of the Ukrainian parliament and remove the military and political leadership from power.
https://edition.cnn.com/2024/07/02/europe/ukraine-thwarts-coup-attempt-intl-hnk/index.htmlLet me just remind you that Telegram is controlled by russia.
https://www.dw.com/en/is-telegram-a-threat-to-ukraines-national-security/a-68732966For the past two years, Ukraine’s creditors have agreed to suspend debt-service payments. The let-off—from both government and private lenders—is worth 15% of GDP a year. Indeed, if payments had been required, they would have been the state’s second-biggest expenditure, behind defence. Now, however, the moratorium from private foreign bondholders, including Amundi, a French asset manager, and Pimco, an American one, is set to expire on August 1st.
Thus Ukraine has a month to avoid default. The IMF is keen for Minister of Finance Mr Marchenko to negotiate a write-down, but a deal seems unlikely in the time available. If Ukraine does default, it would reflect a troubling lack of faith among private investors concerning the West’s commitment. In the long run, that could spell disaster for the country’s recovery.
https://www.economist.com/finance-and-economics/2024/06/30/ukraine-has-a-month-to-avoid-defaultIn fact, Ukraine has been in default for a long time, but if states can continue to finance Ukraine at the expense of their taxpayers, then investment funds are not engaged in charity and the task of their management is to generate income for their clients. Therefore, Ukraine's ability to service debt is a direct indicator for any private investor.
Ukrainian business negatively evaluates business activity due to the following factors:
- maintaining uncertainty about the duration of the war,
- an increase in business costs due to electricity shortages due to russian attacks on the power system and tariff increases,
- weak investment demand,
- deterioration of course expectations,
- unfavorable trends in the labor market, as well as a significant shortage of qualified workers.
This is evidenced by the Index of Expectations of Business Activity in June, published by the National Bank of Ukraine
https://businessua.com/finance/97760chomu-biznes-negativno-ocinyue-dilovu-aktivnist-top-6-prichin.html