Skip to main content

Putin takes on the Sunni Arabs and the target is the oil price

The Russian President has a pattern of incredibly reckless behaviour- the attacks on Georgia, Ukraine, the threats against NATO and all of the rest of it. Yet in a coup-de-main that exceeds almost all of his recent gambles, Putin seems to be set on avoiding the consequences of his Ukrainian misadventure. However, not for the first time, both Putin and the West may be misreading each other. The conventional wisdom amongst the Putinologists is that that the entry into the Syrian imbroglio is a successful attempt to breach the wall of isolation that has been imposed against him since his invasion of Ukraine. In this school of thought, the Russian support for Assad is largely a bluff, and is essentially an attempt to widen the negotiation by catching the West once again off guard.

However, unlike in Ukraine, Russia does have some short term and attainable goals in mind.

The fact is that the intervention in the Middle East is a serious attempt to challenge the United States and Saudi grip on the oil price. By creating a de facto alliance with Iran, Russia has responded to what they saw as Saudi aggression in keeping the oil price low. Russia now has the means as well as the will to destabilize all of the Sunni Monarchies in the Gulf, including Saudi Arabia itself. 

This is not about Syria, it is about oil.

It is also a high stakes gamble that could end up causing a direct military confrontation between NATO and its Arab allies and Russia and its new Shia allies in Iran, Iraq and Syria. Now we see why Russia has been courting Egypt- for Egyptian neutrality will maintain the pressure on the Gulf and avoid Russian- but not Western- distractions in North Africa, especially Libya. In the Russian mind the potential instability in the absolutist monarchies is an opportunity to create a Russian-Iranian axis that will push up the price of crude and thus ease the stranglehold on the Russian economy.

Perhaps then he can either resume his work in Ukraine and finally defeat the Ukrainian Army, which has so far proven so resilient; or the failure to create actual reform in Kyiv will push the country back into the Russian orbit. Certainly the political class of Ukraine has yet to live up to the aspirations place upon it by the Maidan revolutionaries. 

So Putin intends to squeeze out the West entirely from Syria and then persuade the oil producers that a deal with Russia is now very much in their own interests- with the threat of revolution, if they do not comply with Russian wishes.

In all of this there is one small problem of course: Russia might face a disastrous defeat. Nevertheless Putin is prepared to roll the dice once more. The West should recognize the implacable nature of the regime in the Kremlin and be prepared, if necessary, to increase the pressure of sanctions.   

Comments

Popular posts from this blog

Cicero ReDux

By Special Request of Baroness Scott and Mark Valladares... Cicero's Songs returns: bigger, longer and uncut.
October 1st marked the half way point of the Estonian Presidency of the European Union.  Perhaps for many people such an anniversary is of passing interest at best.  Yet the conduct of the Estonian Presidency is reinforcing just how forward looking and innovative the most northerly of the Baltic States has become.
Estonia is a country that wants to live in the future, and with its openness and innovation, that future seems a lot closer than almost anywhere else in Europe
It is not that Estonia does not “do” the past: the picturesque cobbled streets of old Tallinn have tourist crowds a-plenty enjoying the mediaeval architecture in an Indian summer of sunshine and blue skies.  The real point is that Estonia refuses to be a prisoner of its past. Lennart Meri, Estonia’s President in the 1990s- who spent years of his childhood in Siberia- once told me that the country had to conc…

Trump and Brexit are the Pearl Harbor and the Fall of Singapore in Russia's Hybrid war against the West.

In December 1941, Imperial Japan launched a surprise attack on the United States at Pearl Harbor. After the subsequent declaration of war, within three days, the Japanese had sunk the British warships, HMS Prince of Wales and HMS Repulse, and the rapid Japanese attack led to the surrender of Hong Kong on Christmas Day 1941 and the fall of Singapore only two months after Pearl Harbor. These were the opening blows in the long war of the Pacific that cost over 30,000,000 lives and was only ended with the detonations above Hiroshima and Nagasaki.

"History doesn't often repeat itself, but it rhymes" is an aphorism attributed to Mark Twain, and in a way it seems quite appropriate when we survey the current scene. 

In 1941, Imperial Japan, knowing its own weakness, chose a non-conventional form of war, the surprise attack. Since the end of his first Presidential term, Vladimir Putin, knowing Russia's weakness, has also chosen non-conventional ways to promote his domestic powe…

The American National nightmare becomes a global nightmare

It is a basic contention of this blog that Donald J Trump is not fit for office.

A crooked real estate developer with a dubious past and highly questionable finances. he has systematically lied his way into financial or other advantage. His personal qualities include vulgarity, sexual assault allegations and fraudulent statements on almost every subject. 

He lost the popular vote by nearly three million votes.

He has, of course, been under criminal investigation practically since before he took the oath of office. The indictment of some of closest advisers is just the beginning. His track record suggests that in due course there is no action he will not take, whether illegal or unconstitutional in order to derail his own inevitable impeachment and the indictments that must surely follow the successful investigation of Robert Mueller into his connections with Russia.

However, all of that is a matter for the American people. 

It is also a matter for the American people that Trump is cheating…