Sign of desperation Putins mobilisation could wreck Russian economy

Putin advisor Sergei Markov warns Russia is ready to nuke UK

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

The Russian President announced a partial military mobilisation, with 300,000 reservists set to be called up as the Kremlin attempts to regain ground in the face of a counter-attack by Ukraine’s forces. Putin said “it’s not a bluff” when he vowed that Russia would use its weapons of mass destruction if its territory was threatened.

The Russian leader accused the West of “nuclear blackmail” and claimed “high-ranking representatives of the leading Nato states” had talked about the possibility of using weapons of mass destruction against Russia.

“To those who allow themselves such statements regarding Russia, I want to remind you that our country also has various means of destruction,” Putin said.

But the move could massively backfire, according to Head of Asian Research for United First Partners, Justin Tang.

The economist, based in Singapore, warned the mobilisation could hurt Russia financially at a time its economy is already on its knees, sparking resentment in Putin’s own population.

He told Reuters: “A partial mobilisation will affect the Russian economy at a time when it can least afford it, with the government being able to call on businesses and civilians to contribute to the war time effort not just financially but also physically.

“Given the passage of time that the ‘special operation’ has taken, the partial mobilisation will not be taken warmly domestically.

“Any resulting economic downturn will lead to increased resentment. The mobilisation is a sign of Putin’s desperation and the effectiveness of Ukraine’s recent counter-offensive.

“While Putin’s move is calculated to help him win the war, it may just hasten his demise and spark a virtuous cycle in the global economy by easing food and energy supply issues that will see inflationary pressures subside.”

Advisor to the Minister of Internal Affairs of Ukraine, Anton Gerashchenko, echoed Putin’s decision will cause social “unrest” in Moscow at the end of the war.

He said: “Putin is in agony. He threw all his cards on the table.

READ MORE: ‘Another humiliation!’ Putin’s chilling speech a ‘sign of weakness’

“He used to do anything to avoid mobilisation – he knew that polls only showed 10% support for it.

“When these hastily mobilised men return from war, they will destabilise Russia and throw it into unrest.”

Moscow-controlled regions in eastern and southern Ukraine are set to hold referendums on becoming parts of Russia, which could give the Kremlin the pretext for a wider war because Putin would be able to claim parts of his state were being attacked.

The UK’s Defence Secretary Ben Wallace said Putin’s actions were “an admission that his invasion is failing”.

“No amount of threats and propaganda can hide the fact that Ukraine is winning this war, the international community are united and Russia is becoming a global pariah.”

Foreign Office minister Gillian Keegan questioned whether Putin was “in control”.

She told Sky News: “Some of the language there was quite concerning at the end and obviously we would urge for calm.”

‘Putin’s lies’: Keegan calls for calm after ‘concerning’ threats [INSIGHT]
Liz Truss’s trip to the US is being watched closely in Brussels [ANALYSIS]
Queen ex-communications director lets slip Her Majesty’s Brexit stance [VIDEO]

The Chichester MP also said: “It’s something that we should take very seriously because, you know, we’re not in control.

“I’m not sure he’s in control either, really. I mean, this is obviously an escalation and, of course, for the Russian people now they will be conscripted into this war.”

Melinda Simmons, the UK’s ambassador in Kyiv, said Mr Putin’s “essential weakness” was “he still refuses to understand Ukraine”.

A British defence intelligence update suggested Putin was being forced to undermine his own public position that the war in Ukraine was a “special military operation” rather than a full-scale conflict.

“These new measures have highly likely been brought forwards due to public criticism and mark a further development in Russia’s strategy,” the Ministry of Defence said.

“Putin is accepting greater political risk by undermining the fiction that Russia is neither in a war nor a national crisis in the hope of generating more combat power.”

A former adviser to Putin suggested the Russian leader would be ready to use nuclear weapons against Western nations such as the UK.

Political scientist Sergei Markov said it “could kill a lot of people in the Western countries”.

Mr Markov added: “This nuclear war could be a result of the crazy behaviour of the president of the United States Joe Biden and prime ministers of Great Britain Boris Johnson and Liz Truss.”

The Prime Minister, who will hold talks with the US President in New York on Wednesday, was using a visit to the United Nations to rally support for Ukraine.

Ms Truss met Ukrainian first lady Olena Zelenska and prime minister Denys Shmyal to tour an exhibition titled “Russian Warcrimes” at the Ukrainian Institute of America on Tuesday evening.

The Prime Minister shook her head in despair as she witnessed images including dead children on hospital gurneys and a heavily pregnant woman injured in the shelling of a Mariupol hospital.

“These are the type of crimes we thought had been consigned to history,” Ms Truss said.

Source: Read Full Article