Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Russia’s military corruption blamed for Putin’s failing war

Published

on

Russia’s underwhelming performance in Ukraine has shocked global military analysts, who had expected the Russian forces to take the country within the first 72 hours.

But as reports emerge that Russia’s troops are beginning to withdraw from the country’s north, experts are examining the corruption within Russia’s military.

For a nation that prides itself on excessive yearly military parades…

Russia’s lacklustre performance in Ukraine has surprised European leaders and the Pentagon.

Russia’s attack in the opening days of Putin’s war in Ukraine was unexpectedly — underwhelming.

History of corruption

While many have celebrated Ukraine’s willingness to push back – other’s are looking deeper into a tangled web of Russia’s military might.

Could corruption have led to a catastrophic combination of incorrect assessments and poor performance on the ground?

The corruption in defence procurement has undermined logistics for the Russian soldiers on the ground.

Poor logistics impacts troop momentum but also importantly, morale.

Most companies responsible for providing food to the Russian military are connected to Yevgeny Prig-ozhin — the patron of PMC Wagner – the mercenary organisation.

PMC Wagner has also been accused of meddling in the US election.

Prig-ozhin’s companies have been accused of gaming the state’s bidding system for defence orders.

‘They will all be punished’ – Ukraine President Zelensky pinpoints ‘traitors’ – READ MORE

Raking in profits worth hundreds of millions of dollars, at the cost of Russian soldiers.

The quality of food and housing for Russia’s military is reportedly worse than its prisons.

For a country so rich on oil and gas, Russia’s advancement in Ukraine has been set back by a lack of fuel for troop carriers and tanks.

Fuel is often called Russia’s second currency, and military fuel contracts have been ripe for embezzlement.

Many technological innovations celebrated in military parades have never materialised in combat – due to embezzlement and fraud.

Intense speculation

The level of corruption within Russia’s industrial military complex has been the subject of intense speculation.

After all, how do you account for the fact that top officials in the Russian Defence Ministry own property that significantly outmatches their income.

It’s a world away from the Russian troops, fighting, and dying on Putin’s battlefield.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

News

UK police seek former aides’ insights on Prince Andrew

UK police contact ex-protection officers of Prince Andrew amid misconduct investigation linked to Jeffrey Epstein allegations

Published

on

UK police contact ex-protection officers of Prince Andrew amid misconduct investigation linked to Jeffrey Epstein allegations

video
play-sharp-fill
In Short:
– Police seek former protection officers of Prince Andrew for info on alleged Epstein-related offences.
– Authorities consider removing Mountbatten-Windsor from royal succession after investigation conclusions.
British police are reaching out to former protection officers of Prince Andrew Mountbatten-Windsor following his recent arrest related to allegations of misconduct in a public office.
The police have urged anyone with information about potential sex offences connected to Jeffrey Epstein to come forward.Authorities are considering legislative measures to remove Mountbatten-Windsor from the royal succession line once the investigation concludes. Any changes would require consultation with other realms where King Charles is head of state.

Banner

The recent allegations stem from claims that Mountbatten-Windsor shared confidential government documents with Epstein during his time as a trade envoy. The London Metropolitan Police is now identifying former officers who may assist in the ongoing investigation and has encouraged them to share any pertinent information.

Mountbatten-Windsor has denied wrongdoing in the Epstein matter.

In 2022, he settled a civil lawsuit filed in the U.S. by Virginia Giuffre, who accused him of sexual abuse. Reports indicated he paid her approximately £12 million, a claim he denies.

Police Investigation

London authorities are reassessing previous decisions not to pursue criminal investigations related to Epstein’s activities.

Recent document releases from the U.S. government have prompted police to explore allegations of human trafficking involving Epstein at UK airports.

Police have been actively searching Mountbatten-Windsor’s residences as part of their investigation. His arrest marks an unprecedented event in modern royal history, raising significant public interest and concern in various countries.


Download the Ticker app

Continue Reading

News

Supreme Court strikes down Trump’s tariffs, plans 10% global levy

Trump vows new 10% global tariff after Supreme Court rules against his previous tariffs, calling the decision ‘deeply disappointing’

Published

on

Trump vows new 10% global tariff after Supreme Court rules against his previous tariffs, calling the decision ‘deeply disappointing’

video
play-sharp-fill
In Short:
– The U.S. Supreme Court has ruled that Trump lacks authority for tariffs without Congress support.
– Over 1,000 refund lawsuits from importers complicate the tariff issue, particularly for smaller businesses.
The U.S. Supreme Court has ruled against President Donald Trump’s tariff policies, stating he lacks the authority to impose tariffs without clear congressional support. Trump expressed disappointment and plans to implement a new 10% global tariff under different legal provisions.
Economists estimate more than $175 billion is at risk of refunds related to previously established tariffs, with potential litigations expected to last several years.Trump’s administration faces over 1,000 refund lawsuits from importers in the Court of International Trade, which ruled it can grant refunds to affected businesses. Each importer may need to pursue individual lawsuits, complicating the process, especially for smaller businesses that could find the financial burden prohibitive.

Banner

Learning Resources Inc., a toy company led by Rick Woldenberg, has contested these tariffs, potentially qualifying for refunds. Woldenberg hopes the Supreme Court ruling will initiate reflection on necessary economic adjustments.

Economic Impact

Economists suggest consumers may not notice significant changes due to persistent tariffs on numerous products. U.S. Treasury estimates predict the deputy’s revenue will remain largely unchanged despite Trump’s new plans to increase tariffs through other channels, specifically under Sections 122 and 301 of the Trade Act.

Trump’s forthcoming address to Congress is expected to address the implications of this ruling, which notably undermines a fundamental aspect of his trade agenda.

Despite past assurances regarding reform, uncertainties remain for both businesses and consumers as the administration explores future tariff strategies.


Download the Ticker app

Continue Reading

News

Bill Gates withdraws from India AI Impact Summit before keynote

Bill Gates withdraws from India’s AI Impact Summit amid renewed scrutiny over past ties to Jeffrey Epstein.

Published

on

Bill Gates withdraws from India’s AI Impact Summit amid renewed scrutiny over past ties to Jeffrey Epstein.

Bill Gates has withdrawn from India’s AI Impact Summit just hours before his keynote, as scrutiny grows over his past ties to Jeffrey Epstein following the release of US Justice Department emails.

The summit has faced criticism over organisational issues and traffic disruptions, drawing attention away from its mission. Despite the chaos, it has secured over $200 billion in investment commitments, including a major pledge from Reliance Industries.

Indian Prime Minister Narendra Modi used the platform to stress the importance of protecting children in the rapidly evolving world of AI.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Trending Now