Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    OPEC+ tripartite meeting keen on maintaining global oil market stability    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Riyadh Season draws 8 million visitors in 6 weeks    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Saudi FM attends Quadripartite meeting on Sudan in Italy    Georgia's new parliament opens first session amid mass protests and boycott    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Saud Abdulhamid makes history as first Saudi player in Serie A    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Can Russia now afford guns before butter?
Published in The Saudi Gazette on 05 - 02 - 2019

Given his governing style, it is perfectly possible that US President Donald Trump was indifferent to the Russian reaction when he announced the suspension of America's participation in the 1987 Intermediate-Range Nuclear Forces (INF) Treaty. Had Moscow insisted that it remained committed to this key step in the ending of the Cold War, Trump would doubtless have mocked them and repeated widely-supported claims that the Russians have been cheating on treaty terms for at least a decade. Washington served notice six months ago that it believed Moscow was in breach of the INF. The Europeans in NATO also claimed that the Russians had actually moved some of these banned missiles close to its western borders.
Even though Trump doesn't do "subtle", there might have been a plan for the White House to announce that it would return and abide by the terms of the treaty, which bans the use of short and medium-range missiles, if Moscow could demonstrate it was not welching on the deal. In the event, however, Vladimir Putin sidestepped what might have been such awkward questions by very quickly following Trump's lead and also suspending Russia's INF participation.
Now both countries are back in the short and medium-range missile business with ranges of between 500 and 5,500km. It must be assumed that even if the Americans abided by the ban on the weapons themselves, they continued high-level research into both the warheads and the rocketry that would deliver them. This is all the more likely since the INF has probably actually outlived its usefulness. This is because in 1987, China was a mere blip on the nuclear horizon. More than 32 years on, Beijing has developed a full range of nuclear missiles, including the very two types that Russia and the United States agreed to abandon. Russia is currently friendly to China. Thus it can deploy any short and intermediate-range nuclear missiles to its western and southern flanks, where they could operate as an old Cold War-style deterrent to outside attack.
The question strategic analysts are now asking is how much has changed since the end of the 40-year nuclear confrontation between Washington and Moscow. The Soviet Union collapsed in part because its dysfunctional economy could simply not afford the expense of staying in the nuclear arms race and matching the United States dollar for dollar, missile for missile and warhead for warhead. Is Putin's Russia, with its substantially increased income from oil and gas sales, now in a position to outspend America? It is probably not simply a matter of having the funds. It is the domestic economic impact that the huge new expenditures involve.
The United States finally recovered from disasters of the 1930s Great Depression thanks to its involvement in the Second World War. What the post-war President Dwight Eisenhower characterized as "the military-industrial complex" has assumed a dominant economic role, vacuuming up trillions of dollars of taxpayers' money. But these earnings are recycled efficiently back into the economy through workers' salaries, payments to sub-contractors and state and federal taxes. War has created benign US economic activity.
However, can Russia's still disorganized and stretched economy which angers more and more citizens now cope with a challenge which its Soviet predecessor ultimately flunked by putting guns before butter?


Clic here to read the story from its source.