INGOT Brokers Welcomes World-Class Defenders Varane and Silva as Brand Ambassadors

AMMAN, Jordan, Feb. 20, 2023 (GLOBE NEWSWIRE) — via InvestorWire — INGOT Financial Brokerage Ltd. (INGOT Brokers), a premium regulated online brokerage firm, is pleased to announce the appointment of professional football players Raphal Varane and Thiago Silva as brand ambassadors for the MENA region.

Varane and Silva's partnership with INGOT Brokers will help cement the company's regional and international position while enabling it to gain better exposure. This will further allow the company to achieve its mission of empowering youth and assisting them in redefining their financial future. Additionally, both ambassadors will promote INGOT Brokers' trading services and offerings and engage with the company's target audience through social media platforms, activations, and competitions.

“We welcome Varane and Silva as our Brand Ambassadors. Their ethics, values, and drive for success perfectly align with who we are and what we stand for,” said Ali Shabib, CEO of INGOT Financial Brokerage Ltd. “We are confident that our plans for the upcoming period will help inspire and encourage our clients.”

“I am truly excited to partner with INGOT Brokers. I'm happy to be working with a company that is aiming to revolutionize trading and investing,” Varane said. “This partnership stands out for me because of how important financial literacy is for everyone, and INGOT Brokers is keen to help educate the public on that topic,” he added.

“I am very pleased to partner with INGOT Brokers. It is great to see them using football as a platform to communicate the importance of financial literacy. They will enable more people to manage and invest their money and achieve their goals, which is something I proudly support,” Silva stated.

About INGOT Financial Brokerage Ltd.

INGOT Financial Brokerage Ltd. is a regulated online brokerage firm that serves as an intermediary between traders and global financial markets, thus facilitating access to premium investment opportunities. This covers several financial instruments such as commodities, stocks, indices, ETFs, and currencies"" and is offered via the world's most popular trading platform, MetaTrader5. Its competitive trading services and conditions present you with a unique trading experience.

To learn more about INGOT Brokers, visit www.ingotbrokers.com.jo, or contact +96265885260. You can also visit the company's offices in Um Uthainah, 5 Saeed Abu Jaber Street, Amman, Jordan.

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GLOBENEWSWIRE (Distribution ID 8752747)

A Last-Ditch Effort to Save a High Seas Treaty from Sinking

A school of fish swim in the Pacific Ocean in Australia. Credit: Ocean Image Bank/Jordan Robin via United Nations

By Thalif Deen
UNITED NATIONS, Feb 20 2023 – When the United Nations began negotiations on a legally binding treaty to protect and regulate the high seas, one diplomat pointedly remarked: “It’s a jungle out there”—characterizing a wide-open ocean degraded by illegal and over-fishing, plastics pollution, indiscriminate sea bed mining and the destruction of marine eco-systems.

Although the origins of the proposed treaty go back to 2002, the initial negotiations began in 2018, with a new round scheduled to take place February 20 through March 3.

The discussions will include four elements of the 2011 package that have guided the negotiations, namely marine genetic resources (MGRs), questions on benefit-sharing, area-based management tools (ABMTs), marine protected areas (MPAs), environmental impact assessments (EIAs), capacity building and the transfer of marine technology (CB&TT).

Without a strong Treaty, says Greenpeace, it is practically impossible to protect 30% of the world’s oceans by 2030: the 30×30 target which was agreed at COP15 in Montreal in December 2022.

Dr Laura Meller, Oceans Campaigner and Polar Advisor, Greenpeace Nordic said:
“The oceans support all life on Earth. Their fate will be decided at these negotiations. The science is clear. Protecting 30% of the oceans by 2030 is the absolute minimum necessary to avert catastrophe. It was encouraging to see all governments adopt the 30×30 target last year, but lofty targets mean nothing without action.”

“This special session taking place so soon after the last round of negotiations collapsed gives us hope,” she said.

“If a strong Treaty is agreed on the 3rd of March, it keeps 30×30 alive. Governments must return to negotiations ready to find compromises and deliver an effective Treaty. We’re already in extra time. These talks are one final chance to deliver. Governments must not fail,” she declared.

Dr Palitha Kohona, former co-Chair, UN Ad Hoc Working Group on Biological Diversity Beyond National Jurisdiction, told IPS even though the goal of the UN Preparatory Committee is clear, the details have bedevilled negotiating parties.

As during previous negotiations on shared global resources, he said, it is the difficulty involved in making compromises on the “key issues of financing and monetary benefit- sharing from Marine Genetic Resources” exploitation that has prevented the conclusion of the much-anticipated binding legal instrument.

“While the conservation of marine biological diversity is a priority for the globe, and is consistent with the SDGs, the developing world feels (with considerable justification) that they should also have access to the wealth that is expected to flow (gush) from the exploitation of marine genetic resources.”

Past negative experiences of missing out on new and lucrative developments, colour the thinking of the developing world. If both sides are to emerge with a win/win outcome, compromises will have to be made, he argued.

“The precedent of the Sea Bed Authority and the many environmental treaties could be adapted to the needs of the proposed treaty. Imaginative and ambitious thinking is required”.

Given the dire situation confronting the oceans and the unimaginable consequences for humanity of a collapse of the biological resources of the oceans, (small scale fisherfolk, especially in poor countries are crying for a positive outcome, where the protein intake comes mainly from the oceans), “let us hope that pragmatic compromises could be arrived at the next round of negotiations”, said Dr Kohona, a former Sri Lankan Ambassador to the UN and current envoy in Beijing.

More than 50 High Ambition Coalition countries promised a Treaty in 2022 and they failed. Many of the self-proclaimed ocean champions from the Global North refused to compromise on key issues such as financing and monetary benefit sharing from Marine Genetic Resources until the final days of talks. They offered too little, too late, said Greenpeace.

The sticking points which must be resolved are on finance, capacity building and the fair sharing of benefits from Marine Genetic Resources. Resolving these impasses depends on the Global North making a fair and credible offer to the Global South

Asked about the primary issues holding up the final treaty, James Hanson, a Greenpeace spokesperson, told IPS finding an agreement will largely depend on a fair agreement on the finance behind supporting developing nations to implement the Treaty (how much money, and who will be paying?) and finding a fair compromise on the sharing of monetary benefits from marine genetic resources.

The key to resolving these issues will be High Ambition Coalition countries returning to the table with a credible and timely offer on both issues. These countries are the ones which have committed to delivering a Treaty, and so the onus is on them to compromise to get a Treaty over the line.

China also will have a crucial role to play as a power broker, holding significant sway over many developing nations. China’s welcomed flexibility at the last round of talks on ABMTs is encouraging, and we hope this continues at this next round of talks.

China’s position on MGRs is still at odds with the EU’s, and this impasse must be resolved through compromise on both sides.

Asked whether he expects the outstanding issues to be resolved in the current sessions, Hanson said there seems to be willingness and desire from all sides to deliver a Treaty at this last round of talks.

“The progress made last time, and this special session being called so soon after the last round of talks failed, gives us hope. We encourage countries to return to the table with willingness to compromise and seek agreement, for the sake of the oceans,” he declared.

Pepe Clarke, Oceans Practice Leader at WWF International said: “For most people, the high seas are out of sight, out of mind. But the ocean is a dynamic mosaic of habitats, and the high seas play an important role in the healthy functioning of the whole marine system.”

With two-thirds of the ocean falling outside national waters, a High Seas Treaty is an essential precondition for protecting 30% of marine areas worldwide, he noted.

“We have a chance to achieve a global, legally binding agreement that would address the current gaps in international ocean governance. We’re optimistic the COP15 biodiversity agreement will provide the shot in the arm needed for governments to get this important agreement over the line,” Clarke noted.

The waters beyond national jurisdiction, known as the high seas, comprise nearly two-thirds of the ocean’s area, but only roughly 1% of this huge swathe of the planet is protected, and even then often with little effective management in place.

The high seas play a key role for many important species of sharks, tuna, whales and sea turtles, and support billions of dollars annually in economic activity.

Jessica Battle, Senior Global Ocean Governance and Policy Expert, who is leading WWF’s team at the negotiations, said overfishing and illegal fishing, habitat destruction, plastic and noise pollution, as well as climate change impacts, are all rife in the high seas.

“Heavily subsidized, industrial fishers seek to exploit and profit from ocean resources that, by law, belong to everyone. It’s a tragedy of the commons.”

She said a legally binding High Seas Treaty would help to break down the current silos between isolated management bodies, and result in less cumulative impacts and better cooperation across the ocean – it would create a forum where all ocean issues can be discussed as a whole.

“The high seas, the wildlife that migrates through these waters, and the climate-regulation functions of the ocean need urgent protection from both current and new threats, such as deep sea mining,” declared Battle.

IPS UN Bureau Report

 


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OKX's February Proof of Reserves Shows $8.6 Billion USD, With Over Quarter Million Users Viewing Reserves and Liabilities

  • More than 175,000 unique users checked OKX's Proof of Reserves page, and over 90,000 unique users viewed Proof of Liabilities
  • Reserves report again shows OKX holds largest 100% clean reserves among major exchanges

VICTORIA, Seychelles, Feb. 20, 2023 (GLOBE NEWSWIRE) — OKX, the world's second–largest crypto exchange by trading volume and leading Web3 technology company, today published its fourth monthly Proof of Reserves (PoR) showing $8.6 billion USD held by the exchange in BTC, ETH and USDT.

OKX users showed significant interest in viewing the reserves as well as using open–source tools to check their liabilities, with over 175,000 unique users visiting the PoR page and over 90,000 unique users verifying their liabilities are accounted for in the PoR. Third party data again shows that OKX holds the largest 100% clean asset reserves among major exchanges.

Current OKX reserve ratios:

  • BTC: 104%
  • ETH: 104%
  • USDT: 102%

As with all OKX PoR reports, users are able to view OKX's February PoR on its website, including reserve ratios for new and historical data. Reserves and liabilities can be self–verified with trustless tools on the OKX website.

OKX Managing Director of Financial Markets Lennix Lai said: "We are proud to continue the monthly publishing of our Proof of Reserves in line with our unwavering commitment to transparency and trust here at OKX. Our data shows that hundreds of thousands of our users have taken an active interest in viewing our historical reserves and using open–source tools to verify their liabilities are included. Proof of Reserves is far from a niche topic – it is of vital importance to building user trust and we are dedicated to ensuring OKX shows continued leadership in this area.”

OKX has published thousands of addresses for its Merkle Tree PoR program, and will continue to use these addresses to allow the public to view asset flows. The OKX PoR protocol is open source and available to the public on Github. Additional OKX holdings can be viewed on the OKX Nansen Dashboard.

As part of its commitment to transparency, OKX will continue to publish PoR monthly.

For further information, please contact: media@okx.com

What is Proof–of–Reserves?

Proof of Reserves is a report of crypto assets that ensures the custodian (OKX) holds the assets it claims to hold on behalf of its users. OKX uses the Merkle tree (hash tree) to prove this claim in two ways. First, users can find their balance in the tree and prove their assets are held in the total OKX balance. Second, the total OKX balance is compared to the publicized OKX on–chain wallet balance to determine Proof–of Reserves.

What are 'Clean' Reserves?

Assets are considered "clean" in PoR when a third party analysis determines they do not include an exchange's platform token, and are solely made up of high market cap "traditional" crypto assets such as BTC, ETH and USDT. Blockchain analytics firm CryptoQuant monitors PoR across the industry, and found OKX's assets to be "100% clean."

About OKX

OKX is a world–leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX's crypto exchange is the second largest globally by trading volume.

OKX's leading self–custody solutions include the Web3–compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world's top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.


GLOBENEWSWIRE (Distribution ID 8752437)

Privilege and Centralism in Lima Goad Protesters in Peru

A rural Peruvian woman stands in front of police officers who guard the streets of Lima during the ongoing protests demanding immediate elections to resolve the current political crisis. She is part of the delegations from the country’s southern Andes highlands, one of the rural regions neglected by the overwhelming centralism of Lima and its elites. CREDIT: Walter Hupiú/IPS

A rural Peruvian woman stands in front of police officers who guard the streets of Lima during the ongoing protests demanding immediate elections to resolve the current political crisis. She is part of the delegations from the country’s southern Andes highlands, one of the rural regions neglected by the overwhelming centralism of Lima and its elites. CREDIT: Walter Hupiú/IPS

By Mariela Jara
LIMA, Feb 20 2023 – The current political and social upheaval in Peru is not a temporary problem, but has to do with deeply-rooted inequality and social hierarchies, according to historian José Carlos Agüero.

In this South American country, 59 people have died in the two months since Dina Boluarte was named president, 47 directly due to the crackdown on the protests that began on Dec. 7. The 60-year-old president has stood firmly behind the armed forces and the police despite the death toll caused by their actions.

Peru has been a republic for 200 years, but due to the acute Lima-oriented centralism deep-seated problems of inequality and discrimination especially affect rural Amazonian and indigenous Quechua and Aymara populations.

“What a social upheaval can bring are not solutions, but momentum that can help combat the most deadly effects of this combination of factors that is so dangerous to people, which is what matters to me above all,” Agüero said in an interview with IPS.

In 2021, according to the latest official statistics, urban poverty stood at 22 percent and rural poverty at 40 percent, especially high in the country’s highlands and Amazon rainforest. Regions such as Ayacucho, Huancavelica and Puno – some of the centers of the current wave of protests – had the highest levels of poverty, ranging from 37 to 41 percent.

Lima is home to more than 10 million people, nearly a third of the total population of 33 million. The capital receives a large influx of people from the provinces, who flock to the city seeking opportunities that do not exist in their places of origin.

Agüero, 48, is a historian, essayist and writer who won the National Literature Award for non-fiction in 2018. In his work he reflects on the country and its past. He himself is the son of two members of the Maoist armed group Sendero Luminoso (Shining Path), who were extrajudicially executed in the 1980s.

In his analysis of the causes of what is currently happening in Peru, he mentions various aspects raised by other historians such as cultural and ethnic aspects in relation to how the groups that hold power in the capital have not paid enough attention to the regional dynamics of the country’s Andes highlands, and have underestimated the region’s tradition of protests.

He also cites the crisis shaking the political system of parties and representation, which sociologists and political scientists have been pointing to for more than two decades, without managing to bring about any solution.

And he refers to – and disagrees with – anthropological interpretations by observers who argue that the country is in the grip of a process of indigenous, especially Aymara, people demanding and gaining respect for their rights.

Agüero’s explanations are based on his studies of history and racism, which he says reflect the burden of failing to dismantle the social hierarchy still in place in Peru in the 21st century.

“Reactions break out against the caste-like hierarchical relations periodically, not just now. Outbreaks are ready to occur at any time,” he said, referring to the social protests that have been ongoing since Boluarte was sworn in as president on Dec. 7, after President Pedro Castillo was impeached by Congress.

Castillo, a 53-year-old rural schoolteacher and trade unionist, became president in July 2021, thanks to strong support in rural Peru, with the backing of a far-left party, which later turned its back on him. His government was characterized by poor management and a rejection of politicians and the traditional elites.

The impeachment and imprisonment of Castillo sparked mass demonstrations, especially in the central and southern Andes, by people demanding that early elections be held this year and calling for a citizen consultation on a Constituent Assembly to rewrite the constitution. Boluarte finally agreed to bring elections forward to October 2023, but Congress shelved the bill.

“Overt racist interactions are not the only aspect we can talk about, but also the constant belittling and snubs, which are perhaps the most powerful driving force behind our relations when it comes to the moment of truth, when it is either kill or be killed, or when you have to decide on the distribution of wealth, or the legitimacy of a protest or a political proposal,” said Agüero.

He said that according to this logic, there are people who will be left out of the national pact because they are seen as less worthy or less equal. “All of that has been put back into play to explain what is happening right now,” he said.

 

Rocío Quispe, a 64-year-old indigenous Quechua woman, worked hard to build her house in the hills of the Santa María neighborhood in the working-class Ate Vitarte district in eastern Lima, after her family fled the highlands department of Ayacucho, the epicenter of poverty that was hard-hit by the 1980-2000 internal armed conflict. In the photo she sits with her six-year-old granddaughter and the family pet. CREDIT: Mariela Jara/IPS - Racism is a daily feature of life and has turned many people intensely against those who are protesting in their regions or have come to the capital to make themselves heard

Rocío Quispe, a 64-year-old indigenous Quechua woman, worked hard to build her house in the hills of the Santa María neighborhood in the working-class Ate Vitarte district in eastern Lima, after her family fled the highlands department of Ayacucho, the epicenter of poverty that was hard-hit by the 1980-2000 internal armed conflict. In the photo she sits with her six-year-old granddaughter and the family pet. CREDIT: Mariela Jara/IPS

 

Coming from a ‘forgotten people’

Rocío Quispe, a Quechua woman from the central Andean department of Ayacucho, one of the areas hardest hit by the internal armed conflict that ravaged Peru between 1980 and 2000, lives in the Santa María neighborhood in the Ate Vitarte district in the east of Lima, one of the most populous with just over 700,000 inhabitants, mainly of middle to low socioeconomic status.

She is 64 years old and lives with her 27-year-old daughter and six-year-old granddaughter in a house that she has built little by little in the hilly area of ​​Santa María on the outskirts of the capital. She does not have a steady job and does what she can, selling food for instance, to get by. She is one of the millions of people from other parts of Peru who have come to Lima in search of a better future.

“We came because of terrorism, we dropped out of school, we left everything behind. So many people were shot dead there, they would come in your house and kill you. First my sister came, then I came and we have worked here without stealing, without harming anyone,” she told IPS.

She said her aim was to live in peace, free of the fear she faced in her home region.
Her family had fields in the rural community of Soccos, where a massacre of 32 women, men, girls and boys was committed by a police unit called Los Sinchis in 1983.

“Many of us from Ayacucho came to Lima to have a life because we felt abandoned,” Quispe said. In the capital she worked hard to buy a piece of land and help her parents, and when she got pregnant her top priority became her daughter’s education.

Like many of her neighbors, Quispe protested in December outside the Barbadillo prison where Castillo was initially detained, accused of staging a coup d’état for trying to dissolve Congress and install an emergency government, ahead of an impeachment vote by legislators.

“Because we are protesting they call us terrorists. But the real terrorists are the people who sell out their homeland, who forget about our people, who from their positions in power accuse us just because we want our children to have a good school, a good education,” she said indignantly.

When she speaks there is strength in her voice: “We are a neglected people from Ayacucho where we grew potatoes, corn, wheat and barley, and for them to call us terrorists makes us very angry. They call us terrorists, they call us stinky ‘serranos’ (hillbillies), cholos (a derogatory term for indigenous or mixed-race people), they call us all sorts of things.”

And she complains that Congress, which she sees as a corrupt center of power, conspired to overthrow Castillo.

“These people who they despise elected a president who was a provincial ‘serrano’ schoolteacher. Maybe he didn’t really know how everything worked, but the lawmakers didn’t leave him alone, until they drove him to desperation,” Quispe said.

The protests continue, although with less intensity. There are roadblocks in regions such as Cuzco, Puno, and Arequipa, while Boluarte began a round of talks with political parties on Feb. 15 to address the crisis.

The measure was seen as a grasping at straws to hold onto the office of president, given the documented reports about a number of killings committed by the security forces during the crackdown, which Boluarte has not condemned.

 

Historian, essayist and writer José Carlos Agüero is photographed at the presentation of his book Persona (Person), in September 2018 in the north Lima district of Los Olivos. In his critical reflection on the current social outbreak in Peru, he says the elites form a network of privilege that is also racist, neglecting the country's rural indigenous and mixed-race majority. CREDIT: Courtesy Rossana López - Racism is a daily feature of life and has turned many people intensely against those who are protesting in their regions or have come to the capital to make themselves heard

Historian, essayist and writer José Carlos Agüero is photographed at the presentation of his book Persona (Person), in September 2018 in the north Lima district of Los Olivos. In his critical reflection on the current social outbreak in Peru, he says the elites form a network of privilege that is also racist, neglecting the country’s rural indigenous and mixed-race majority. CREDIT: Courtesy Rossana López

Not one, but many Limas

According to the National Institute of Statistics and Informatics, in Lima 65 percent of the population consider themselves ‘mestizo’ or mixed-race, 19 percent indigenous, eight percent black and five percent white. Nevertheless, racism is a daily feature of life and has turned many people intensely against those who are protesting in their regions or have come to the capital to make themselves heard.

Why don’t the elites recognize that there are many Limas? Although Agüero said he could not give a definitive answer because there are few studies on the elites in Peru, he said he could talk about their behavior and the way they organized in politics.

He believes that it is not a question of ignorance; it is not that they do not understand. “There are highly educated people who have studied in foreign universities and are part of what we call the elite. They have demographic data, surveys, everything necessary to understand that Lima is a very large metropolis, now made up of several different Limas,” the writer added.

“But they rule like elites in other parts of the world. They maintain the conviction that they are privileged. In Peru, it seems to me that they form a network of privilege in a way that is also racist,” he remarked.

Agüero said that this position isolates them but at the same time puts them in a role of paternalistic control.

“What matters most to me is that the distribution of power, real, economic and symbolic, should stop being a matter of privilege and in the control of an elite network that is also racist. For me that is the issue,” he said.

UN Confronts Existential Challenge After Russia’s Invasion of Ukraine

A view of the Security Council Chamber as President Volodymyr Zelenskyy (on screen) of Ukraine, addresses the Security Council meeting on the situation in Ukraine. April 2022. The Russian invasion of Ukraine began 24 February 2022. Credit: UN Photo/Loey Felipe

By Arul Louis
UNITED NATIONS, Feb 20 2023 – Paralysed by its own Charter and structure, the world organisation that is charged with preventing wars confronts an existential challenge from Russia’s invasion of Ukraine.

When Security Council Permanent member Russia sent its troops into a smaller neighbour defying the UN Charter and all norms of international relations a year ago next Friday, Antonio Guterres, “This is the saddest moment in my tenure as Secretary-General of the United Nations”.

Beyond sadness from the betrayal and the pain inflicted on nations around the world, especially the poorest, the war drives into the very foundation of the UN built nearly 78 years ago.

Guterres warned this month, “I fear the world is not sleepwalking into a wider war, I fear it is doing so with its eyes wide open”.

And the invasion has raised questions about the UN’s resolve “to save succeeding generations from the scourge of war,” as the first sentence of its Charter declares.

Yet the Charter itself has paralysed the UN by conferring veto powers for permanent members at the Security Council, which alone can act,.Russia’s vetoes have mired the Council in the morass of inaction renewing calls for its reform.

Describing the situation, General Assembly President Csaba Korosi said, “The Security Council — the main guarantor of international peace and security – has remained blocked, unable to fully carry out its mandate”.

“Growing numbers are now demanding its reform,” he said noting that at the Assembly’s High-Level Week in September, “one-third of world leaders underscored the urgent need to reform the Council — more than double the number in 2021.”

While the reform process — in which India has a special interest as an aspirant for a permanent seat –that has itself been stymied for nearly two decades has come to the fore, it is not likely to happen any time soon.

But the General Assembly, which does not have the enforcement powers of the Council, has used the imbroglio to set a precedent forcing permanent members when they wield their veto to face it and explain their action.

Russia appeared before the Assembly to answer for its vetoes while facing a barrage of criticism.

The Assembly also revived a seldom-used action under the 1950 Uniting for Peace Resolution of calling for an emergency special session when the Council fails in its primary duty of maintaining peace and security.

It passed a resolution in March demanding that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine within its internationally recognised borders”.

It received 141 votes – getting more than two-thirds of the votes 193 required for it – while India was among the 35 countries that abstained. This, as well as the subsequent three passed last year ultimately were but an exercise in moral authority with no means to enforce it.

A proposal made by Mexico and France in 2015 calling on permanent members to refrain from using their vetoes on issues involving them also has been getting a re-airing– but to no avail.

India, which was a member of the Council last year was caught in the middle of the polarisation at the UN, both at the Council and the Assembly, because of its dependence on Russian arms and the support it had received at crucial times in the Security Council from its predecessor the Soviet Union.

India abstained at least 11 times on substantive resolutions relating to Ukraine in both chambers of the UN, including resolutions at the Council sponsored by Moscow.

India faced tremendous pressure from the West to join in voting on resolutions against Russia and openly take a definitive stand condemning Moscow.

External Affairs Minister S. Jaishankar told the Security Council in September, “As the Ukraine conflict continues to rage, we are often asked whose side we are on. And our answer, each time, is straight and honest. India is on the side of peace and will remain firmly there”.

And while keeping the semblance of neutrality while voting, India came closest to taking a stand in support of Ukraine — and by inference against Russia — when he said, “We are on the side that respects the UN Charter and its founding principles”.

Now out of the Council, New Delhi’s profile has been lowered and it also does not have to publicly display its tight-rope walk as often, although it may yet have to do it again this week when the Assembly is likely to have a resolution around the invasion’s anniversary.

The pain of the invasion is felt far beyond the borders of Ukraine.

Guterres said, “The Russian invasion of Ukraine is inflicting untold suffering on the Ukrainian people, with profound global implications”.

The fallout of the war has set back the UN’s omnibus development goals.

More immediately, several countries came to the brink of famine and the spectre of hunger still stalks the world because of shortages of agricultural input, while many countries, including many developed nations, face severe energy and financial problems.

The war shut off exports of food grains from Ukraine and limited exports from Russia, the two countries that have become the world’s food baskets.

Besides depriving many countries of food grains, the shortages raised global prices.

The one victory for the UN has been the Black Sea agreement forged with Russia, Ukraine and Turkey in July to allow safe passage for ships carrying foodgrains from Ukrainian ports.

Guteress’ Spokesperson Stephane Dujarric said that in about 1,500 trips by ships so far, “more than 21.3 million tonnes of grain and food products have been moved so far during the initiative, helping to bring down global food prices and stabilising markets”.

A UN outfit, the International Atomic Energy Agency (IAEA), has also made an impact during the war, working to protect nuclear facilities in Ukraine that were occupied by Russia’s forces while shelling around them.

It said that it has managed to station teams of safety and security experts at Ukraine’s nuclear power plants and at Chernobyl, the site of the 1986 disaster “to help reduce the risk of a severe nuclear accident during the ongoing conflict in the country”.

Arul Louis is a New York-based nonresident senior fellow with the New Delhi-based think tank, Society for Policy Studies.

IPS UN Bureau

 


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