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dramatic is happening in the markets, but everyone lives with the feeling of something very unpleasant coming. in europe, for example, a report on competitiveness was published, commissioned by the european commission under the leadership of mastitov mario draghi, the former head of the european central bank. the picture is gloomy. growth in europe has been slowing down for a long time. we did not pay attention to this, i would say, for another 2 years ago, we would never have had the conversation we are having today because everything was fine, globalization was working for us, unemployment was steadily falling, but now we can no longer ignore it, by all indications, we have lost our main supplier of cheap energy, russia. these are the words of the former head of the european central bank and former prime minister of italy, mario draghi, who

, commissioned by the european commission, presented a 400-page report on the state of affairs in europe. the report says that the gap with the us and china is widening in technological development. in addition, 2024 is the first year in which europe cannot count on population growth, and its numbers will steadily decline. and by 2040 , 2 million workers will disappear from the labor market every year. at the same time , their labor productivity is very weak, provided that it does not change, it will only be enough to maintain gdp at a constant level until 2050. in addition, the drags complain, europe for the first time since the end of world war ii has to worry about its defense again. if europe will cease to provide the basic values, prosperity, equality, freedom, peace, democracy in a sustainable environment and guarantees to the population. it will lose the meaning of its

existence, the document emphasizes. to prevent the economy from falling into a slow death throe, draghi proposes investing 800 billion euros in it, which is approximately 4.5% of the eu gdp in 2023. for comparison, investments under the marshall plan from 1948 to 1951 were equivalent to 1-2% of gdp. thus.

military and political crises are growing, tearing the world apart, but these parts the dilemma of modern post -globalization are still closely interconnected, so much so that a break in communication affects everyone. it is not beneficial to anyone, but this does not mean that it will not happen, it already happens. possession of this or that resource is not so much a source of profit as a weapon. and the russian president recently defended, it is time to think about limiting the export of strategically important raw materials to unfriendly countries. western countries , including the united states, continue to buy russian resources. up until the end of the twenty-second year, the main buyers of russian raw materials were the countries of the european union, however, after they introduced anti-russian sanctions, exports to europe decreased by half compared to the previous year. russia is one of the largest producers of precious metals and

precious stones. it ranks fifth in the world in gold mining, which is approximately 6-7% of the world market. in terms of metal production (platinum). russia ranks second after yur, here the share is much larger, approximately a quarter of all world production. moscow is also the main supplier of fuel for the american nuclear power plants. the us still buys about 20% of enriched uranium from it. the largest producer of this raw material is kazakhstan, which occupies almost half of the world market. the head of kaz atomprom recently said that it is becoming increasingly difficult for them to supply uranium to the west, all the raw materials are being bought up by partners from asia. rosatom, meanwhile, has signed a contract to build a lithium carbonate plant. its launch is scheduled for the second half of 2025, with a design capacity of up to 14,000 tons per year.

lithium carbonate is a raw material that necessary for the production of lithium batteries. in terms of non-ferrous metal ore reserves, russia occupies a leading position. in the world. over the past two years, western companies have bought titanium from russia for almost a billion dollars. for example, airbus in 2022 refused to export aircraft to russia promised to stop exporting titanium within a few months, but it continues to import this product in 2024. and the main producer of russian titanium, vsmpo avisma. on the american sanctions lists, although its owner rostec has long been under restrictions. the us has so far only imposed export controls on the supplier, which do not prohibit the import of titanium from russia.

economics loves rationality, but now it is almost an unaffordable luxury. and how to live? today we have a very dear guest, to whom we will ask this sacramental question. roman marshavin, executive director from russia at the world bank. roman, hello. i am very glad to see you. tell us, to begin with, the world bank has always been perceived as, in addition to all other political affairs, as a very powerful an analytical center, the task of which is to analyze the world economy as it is, and to issue some assessments. and is it possible now in the current political circumstances? in principle, the forecasts are quite high -quality and many industry reports, they are still cited in all leading universities of the world, even there the reports of the seventies on industrial policy were so well written that they remain relevant, but of course, politicization has not

been avoided in the last 2 years, and we see that when a forecast is prepared, based on complex dynamic models, at the end they still give... a forecast for the european economy, the scenario for ukraine includes the idea that the conflict , that is, i will give a couple of examples, for example, will end within the next few months, and then in the forecast for russia it is written that the conflict will continue for many years, therefore russia will have low growth rates, and... ukraine will have high ones, we call the teams , we explain to them that these are obvious inconsistencies, yes, this cannot be, well, colleagues are afraid to tell the truth in public, but in private in conversations with us they admit that if they tell the truth, yes, there may be

dismissals, because after all the management mainly represents western shareholders, but we are working on this and we are managing to achieve certain results, in particular , already... it was discussed this year that russia was recognized as the fourth economy in the world, although there was also pressure, overt from the american side, that the data needed to be tweaked, russia should not be raised and promoted like that, as for europe, the european economy, the bank is doing a very modest forecast for this year of about 0.7%, growth, well, again , the situation varies by country, in many large economies, germany, it is about zero, in principle, we compare these forecasts even with private investment banks, which...

we are talking, presumably, about the enterprises in usno bruck and dresden. the plants are going to be moved to the usa. the main problem is the unjustified high production costs compared to competitors. other german auto giants have similar problems. loading of production the capacity of daimler, mercedes-benz and smart plants currently stands at 58%. porsche is also planning to announce a reduction in production; its plant in

zufenhausen is switching to a single-shift production schedule instead of the usual two -shift schedule per day. german manufacturers are losing the chinese market, where they used to receive up to half of their profits. thus, sales of mercedes and bmw cars in china fell by 5% in the first half of the year, while volkswagen, porsche and audi fell by 20%. however, it is not only car manufacturers. recently , there has been a flurry of layoffs and bankruptcies in the country. companies with a century-old history are closing. among them are the meyer verft shipyard (230 years old), the engineering companies ealing - more than 70 years old and kolbuss - 250 years old. the construction company gussek house - 70 years old. often such companies worked with minimal profitability, and now it has become... very difficult for them, that's how it turns out, well

, they are guided by these forecasts, let's say, the world bank can instill optimism? such global analytical industry reports, for example, we had a good report this year on how middle -income countries stimulate their economic growth, that there is such a term as a trap country. before that, there was a report on migration trends in the world, in which regions the population is growing, which ones have a labor shortage, what to do about it, that is, there are such applied, interesting studies, useful, and as for macro forecasts, here they are probably more focused on the imf, although we also have,

for a person from the outside, the feeling is that it’s just the opposite, problem countries, problems remain, but they are developing, they are solving them, and europe seems to be either stagnating or even itself... is turning into a source of problems, in the work of international organizations, this is somehow recorded, i ’m not even talking about specific problems in europe, but the fact that the world palette has changed dramatically, of course, is recorded, and the bank warns in its reports about the risks associated with the debt crisis, well, everyone knows that the level of public debt in europe, it is already off the charts in almost all countries, over 100% of gdp, this is of course a threat to the entire world economy due to the large size of the european market, if there are problems in europe, naturally they will be felt

in other regions, but we remember the same asian financial crisis of the nineties or the global finance of 2008, when european banks or companies begin to suffer losses in their markets begin to withdraw profits from other regions of the world, where in principle everything is fine, yes, then there they begin problems too, there is a lot of talk about the fact that... military spending is growing in europe now, because of this, spending on aid and development is being cut, but as even my unofficial european colleagues admit to me, no one is doing anything about it.

we can expect real changes, because there is a lot of talk, but for now, of course , it is extremely difficult to shake the dollar, well, we see that there are already changes, and many countries, saudi arabia, others, are openly announcing the transition to settlements in yuan and other currencies, and russia had to do this, so i think that behind this future, because countries see that it is too risky to rely on the dollar, your assets can be confiscated at any moment. i think that our presidency of brics will contribute to these processes, but the dollar , frankly speaking, is very convenient, if you put aside political risks, the system worked well, well, it was convenient, everything worked, but everyone became hostage to this system, i think, having seen what happened to our assets, other countries do not want to repeat this experience, as a representative

of russia, do you feel it, i don’t know...

during the speech of the russian representative, seven or eight ministers of western countries ran out of the hall, then it was very funny to watch how they stood behind the glass door, watching their lips, when the russian deputy minister would finish his speech, in order to return, but as they say, they punished themselves, because when seven or eight people , i don’t remember exactly, ran out of the hall, it turned out that the majority remained in place, what we have is only... 25 members, they saw that they were in the minority, this is the position on isolating russia as for criticism, it does not enjoy support, after that people stopped running out, in principle the attitude towards us has become more respectful, i personally do not feel attacks,

well, except for representatives of the usa and canada, they generally do not greet us. this group, it is called group 11, but it represents more than 120 countries, and now we have a weekly meeting where we coordinate the position, in principle we have managed to even out the balance of interests, i think that in the future, control over these institutions will definitely go to the global south, simply due to demographic trends,

the gdp ratio, so we are not dramatizing the situation, as i already... said, such furious attacks have ceased, because at the beginning of the twenty-second year, some western directors openly called for me to be deprived of the microphone, to be thrown out of the hall, but fortunately all these attempts were stopped, now the atmosphere is constructive, in principle, and you represent in addition to russia, also syria, yes, what is the work like in this capacity? with syria, unfortunately, so far it has not been possible to achieve the unfreezing of cooperation, again on...

receiving funds, like ukraine, other world bank countries have the same rights, but unfortunately, double standards prevail here, that is, good countries in quotes can be given money in... a very long time ago, a potentially fabulously rich country is again in a fever.

neither western powers nor, more importantly, latin american neighbors recognize nicolas maduro's victory in the recent presidential elections. karakos is no stranger to external pressure, but the confrontation is given with increasing creaking. the population is tired, sketches from the venezuelan life by eugenia de madrid. they say that times of crisis are times of great opportunities, and indeed, in venezuela, which has been under tough sanctions for 10 years now, during the economic crisis , new businesses and enterprises, as well as thieves, swindlers and fraudsters , are appearing with incredible speed. after the introduction of american sanctions, the country found itself on the brink of economic disaster, many survived thanks to money transfers from abroad, but after years, venezuela has somehow improved. china and iran, prices stopped rising, even some variety of goods and services, here ostapi bendery of different stripes blossomed. i

am waiting for my clients who are now writing a statement to the prosecutor's office about fraud on a large scale, this swindler's name is count luxburg, it seems that he pretended to be a german count with the help of a financial pyramid and deceived hundreds of venezuelan citizens. for the last year he has been supporting foreign investors in venezuela, his daily routine is similar to each other, lawyers, investigation, professionals are able to bypass red tape, he has to work in two cars, because, according to jonar, one of them is definitely in for repair. well, what again? looks like the sensor has failed. we'll scan it now, but i'm sure it's him again, counterfeit parts are literally flooding the country, the most profitable business lately has become the service and... for us, this is a common practice: we install parts, and they fail, it happens that the same

week the client can't even start the car, well then we go to his aid, to at least help him save money on towing. the prices for parts are sky-high, and if the client wants a guarantee, then this is a separate service, it costs about 30% of the price of the goods for electronic parts. in general , the guarantee sounds like a mockery from 24 to 48 hours, not only is the gasoline of terrible quality, the whole city is smoky, they sell diluted oil, sometimes you look, it seems like you recently filled the oil indicators are normal, but it still disappeared somewhere and smoke is pouring out of the car. john arch counts himself among those who were able to honestly monetize this disgrace. yes, he earns money by helping clients, but at the same time he restores justice. but who really causes it? indignation, so these are those who profit from their own neighbors, for example, sew labels with the name of their luxury boutique on consumer goods. so i decided

to drink some coffee and relax a little, because i don’t have enough anger for people, my children decided to give me a new stove because mine is in a deplorable state, so i go to the center of karakos, where they persuade me to buy this model, when i paid for the goods and transportation, it turns out: that this is a model for cylinder gas, and now they themselves offer me to drill the burners for $20 each. semirami believes that in this country you simply can't relax anymore, even street gangsters and thieves couldn't stand it in the midst of the crisis and went to neighboring colombia to work part-time, and now it seems that when the economy has at least somewhat stabilized, they are returning. look what i found, someone 's wallet was stolen right here at the bus stop. you see, these are the papers of some woman who was robbed, and these documents were thrown away, so i think i'll hide my mobile in a safe place, if suddenly in thieves will get on the bus, i'll give them my bag. and an empty

wallet. unfortunately, almost every second venezuelan can now share an empty wallet with street thugs. as the citizens of the country themselves say, the rich continue to get richer, while the poor only get poorer. especially for the international review program. eugenia de madrid, karakov, venezuela. joseph biden has been forgotten. meanwhile, they say he is ready to make a decision. which could become almost the main one of his expiring presidency. strikes with long-range western weapons on a russian object far from the combat zone, can, as vladimir putin said, change the nature of this conflict. biden is traditionally cautious, his escalation ladder consists of many small steps, even seemingly not very noticeable, but

they still lead only upwards? more on this in the next issue. my colleague sofya sergieva, by the way, brought fresh impressions from a new land where they know how to build our escalation steps will share. so see you in a week, watch the international review. so says the lighthouse.

we will take on this case, it will be an honest detective story.

in the border areas of the kursk region , a concentration of manpower and equipment in the armed forces of ukraine was destroyed. the position was discovered by reconnaissance, and aircraft were immediately raised into the air. the crew of the mi-28 helicopter used air missiles. immediately after this , the pilots returned to the takeoff site. the elimination of the objects was confirmed by data from drones. and now about the progress of the military exercises ocean. pilots of long-range anti-submarine aircraft tu-142 practiced refueling in the air over the barintsev sea from a tanker il-78.