Vladimir Putin’s dirty gas trick – Handelsblatt Morning Briefing

again and again the gas, the Russian chain for the German economy. President Vladimir Putin apparently feels encouraged by the lack of possible sanctions to be able to keep Berlin in check with his monopoly Gazprom.

According to the Kremlin ruler, this breach of contract applies to “unfriendly states” such as Germany. The new procedure was “noted with great irritation,” commented the “Zukunft Gas” association.

It’s clear why: the Germans would have to circumvent western sanctions by buying currency from the Russian central bank, for example. The Dax reacted to the dirty ruble trick with a 1.31 percent loss.

Perhaps Putin read Niccolò Machiavelli again: “One should never try to win by violence when one can by deceit.”

The Federal Minister of Economics is counting on the emirate to make Germany less dependent on Russian gas.

It is quite possible that the Germans will be forced into European sanction solidarity with the ruble number. The courtesy of the Green Economics Minister Robert Habeck (Greens) for additional gas supplies from all over the world, for example in the desert of Qatar, has aroused the suspicions of the EU partners, analyzes our cover story.

A diplomat argues in a similar way to what was once said in the case of vaccines: “It makes little sense if the EU countries, which are dependent on gas, fight among themselves on the world market for the few available batches and thus drive the prices even higher.”

It would be better to rely on “gas purchasing with concentrated EU buying power”. It’s correct. But before Habeck, representatives of other European countries were already in Qatar. And at today’s EU summit, the heads of state and government want to discuss a purchasing cooperative.

The United States sees the Russian commander-in-chief not as an economic criminal but as a war criminal. Foreign Minister Antony Blinken reports that there are “numerous credible reports of indiscriminate attacks” on residential buildings, hospitals, schools and civilians. He believes he has solid evidence of war crimes committed by Russian troops in Ukraine.

“We have come to the conclusion, based on the information currently available, that members of the Russian Armed Forces committed war crimes in Ukraine,” Blinken said.

You support yourself “on information from public and secret service sources”. In an attempt to do justice to Putin’s bloody activities, US President Joe Biden is now on the phrase “murderous dictator”, where “dictatorial murderer” would be no worse.

Former US Secretary of State Madeleine Albright has died.

She was the figurehead of freedom and “Western values” after 1990, which spread to once-communist lands. This made her the enemy of Eastern autocrats, but also a representative of heartless globalism, a big-tech surveillance dictatorship and super-hypernationalism.

It was later recognized that too much attention was paid to the elites and not enough to the authoritarianism of the people Madeleine Albright, the political scientist who rose to become the first American Secretary of State in 1997. It was only in 1996 that she found out about her Jewish origins and the death of many of her relatives in the Nazi concentration camps.

She has commented on Donald Trump just as harshly as his spiritual brother Putin, to whom she recently countered that the invasion of Ukraine would seal his “dishonor”. His country would be diplomatically isolated, economically ailing and strategically vulnerable to a western alliance. The Prague-born democratic politician who had Joschka Fischer work for her died yesterday at the age of 84 from cancer.

The US computer games retailer Gamestop is currently experiencing a small boom, but some just can’t laugh about it at all. You sit in consulting at the Boston Consulting Group (BCG) and remember putting “tens of thousands of hours” into rehabilitating the US firm and exceeding goals of improved profits. At least that’s what the lawsuit filed with a Delaware court says.

For the good work, BCG would still have to get 30 million dollars in fees, which the defendant is draining. It is “baffling” that the highly paid consultants claim to have created hundreds of millions in value during a period when stock prices, sales and debt were at dangerous levels. The following applies to one of the two: Game over.

No matter whether from Russia, China or the white-collar criminal milieu: The danger of hacker attacks in cyberspace is growing. It’s just stupid that cyber risks are hardly insurable for many companies. On the other hand, many insurers fear high losses from policies that have already been taken out. Gone are the days when cyber policies were considered a big megatrend.

Since the war in Ukraine at the latest, the supposedly lucrative business has turned into an incalculable risk. The industrial insurer AGCS recently described cyber incidents as the greatest business risk for the first time. “Some insurers have had claims ratios of over 100 percent in the cyber area in recent years,” says Johannes Behrends of insurance broker Marsh.

In plain language: Insurance payments to settle claims exceeded premium income.

And then there is a dubious book about Anne Frank, which disappears from public view after months of discussion. After harsh criticism, the Dutch publisher “Ambo Anthos” is now withdrawing the printed work “Betrayal of Anne Frank” from the market.

On Tuesday, historians presented a study that presented the book as a “wobbly house of cards.” The loudly proclaimed sensation that a Jewish notary had betrayed Anne Frank’s hiding place in 1944 to protect himself and his family turned into a nasty rumor squeezed between the covers of a book. There were bunglers at work here. And the booksellers should send their supplies back to the publisher.

This in turn apologized “to all those who were hurt by the contents of the book”. The old saying applies here that to err is human and forgiveness is divine.

I wish you an error-free day.

It greets you cordially
Her
Hans Jürgen Jakobs

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