Blogs

Russia's New Nuclear Submarines to Target U.S. Aircraft Carriers

Russia is designing “carrier killer” nuclear submarines, local media is reporting.

According to reports in The Moscow Times and Pravda, among others, Anatoly Shlemov, the head of the state-owned United Shipbuilding Corporation's state defense order department, recently said that Russia will build two-classes of fifth-generation submarines as part of Vladimir Putin’s military modernization plan.

OXI: The Greek Debt Disaster Unfolds

The Greek people have delivered a resounding ‘no’ in the referendum, but the tragedy is still unfolding. It will take some time for the implications to evolve, but it’s hard to see how the vote helps achieve a resolution. The Greek people want to stay in the euro but don’t want austerity. The European negotiators and the IMF have neither the inclination nor the wiggle-room to agree. With the Greek banks closed, time is pressing. Leaving the euro would be hugely disruptive. Staying in the euro means a continuation of the failed policy of austerity. Thus Greece is in for a hard time.

Nurturing Extremism in Gaza

The histories of many lands have repeatedly demonstrated two patterns in the relationship of extremism to political and economic conditions. One is that the combination of miserable economic circumstances and a lack of peaceful political channels for pursuing grievances tends to gravitate people toward extremist groups and ideologies. The second is that the resulting extremism is on a sliding scale.

Sorry, France: Russia to Build Powerful Mistral-Style Assault Ships

Russia will build its own amphibious assault ship in the wake of France refusing to sell Moscow two Mistral-class helicopter carriers.

In 2011, France and Russia signed a $1.5 billion deal for Paris to build two Mistral-class amphibious assault ships for Russia. The ships have already been built and the first one was scheduled to be delivered last November, but France pulled out of the agreement at the last minute over Russia’s role in the Ukraine crisis.

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