Description:
Putin has rejected Modi's Ukraine ceasefire proposal, and the fallout could shake BRICS just as Brazil looks set to walk away from the bloc. On this episode we break down why India's peace plan irritated Moscow, how Zelensky has already burned through the EU's 90 billion euro loan, and why Brussels is once again eyeing the frozen Russian assets in Euroclear. With Ukraine's tax base collapsing and the drone campaign against Russian refineries losing its effect, how much longer can Europe keep the money flowing?
Timeline:
00:00:00 Intro: Diplomacy, BRICS and Ukraine's money problem
00:02:13 India's peace initiative and Putin's irritation with Modi
00:03:26 Russia rejects a freeze: Medvedev, Peskov and Istanbul plus
00:04:42 Why Modi made this move
00:06:19 Brazil election, Bolsonaro and a possible BRICS exit
00:10:00 Why India matters more to Russia than Brazil
00:11:50 EU's 90 billion loan already spent
00:13:09 Ukraine's budget hole and collapsing tax base
00:16:10 Frozen Russian assets and Euroclear back on the table
00:18:43 Drone campaign on Russian refineries losing effect