The Indigenous Minorities of the North in Russia received over $ 1.3 million in additional funding
100 million roubles (over $ 1.3 million) will be allocated in addition to funding a five-year programme designed to protect the original habitat and to support traditional activities of the Indigenous Minorities of the North in Russia, according to the program’s donor, Norilsk Nickel Company. The implementation of the programme has been driven by the agreement signed in 2020 with three organisations representing over 90 percent of the Indigenous population of the Russian North and most of the Indigenous population of the Taimyr Peninsula.
The programme includes 42 projects designed to support traditional activities of Indigenous Peoples of Taimyr, including housing projects, medical projects, as well as educational, cultural and sports projects. As part of the program a total of 2 billion roubles will be allocated for these purposes.
This was announced by Nikolay Utkin, Senior Vice President and Director of Nornickel’s Polar Division, during a meeting of the Coordination Council of Taimyr Indigenous Minorities.
The event took place on the eve of the International Day of the World’s Indigenous Peoples.
“The programme has been ongoing, and it has already demonstrated initial results. First shipments of construction materials for settlements have arrived. Exploration of pastures for the development of reindeer herding has begun in the Avam tundra. With the support of the Company, for the first time young residents of Taimyr completed a year of training at the Norilsk State Industrial Institute. Young people in need of Taimyr settlements received the keys to flats and household appliances from the Company. An additional 100 million roubles will be allocated to similar projects as early as this year. I am sure that next year we will continue complementing this programme in order to provide direct assistance to communities, hunters and fishermen,” Utkin said.
Earlier it was reported that representatives of the indigenous peoples of the extreme north of Taimyr signed a cooperation agreement with the world’s largest producer of palladium and nickel – Norilsk Nickel. The new program, which expires in 2024, includes a wide range of different initiatives aimed at protecting natural habitats and supporting traditional activities of indigenous peoples, as well as financing housing, medical, infrastructure, tourism, educational and cultural projects.
Valery Vengo, a deputy of the Legislative Assembly of Krasnoyarsk Territory, who took part in the coordination council, stressed that the support programme for the Indigenous Minorities of the North is a remarkable example of a public-private partnership.
Valery Vengo commented: “There are 35 regions in Russia populated by Indigenous peoples. Of these, only three regions have signed similar agreements. Taimyr is one of these territories. Nornickel has been cooperating with the Indigenous Minorities of the North for more than 30 years. The experience of such partnership is an excellent example which should be replicated on Russian and international platforms, wherever it is appropriate. Krasnoyarsk Territory welcomes all positive steps that the company has been making. Our northern diaspora will help in every possible way to promote the ideas of the agreement’s and its implementation.”
The Russian company NorNickel is a global leader in the production of the mineral nickel. Taimyr Peninsula has been the homeland for indigenous peoples of the Arctic for generations, and are the principal sites for the company’s activities. Small indigenous peoples of Taimyr have preserved the traditional way of life, culture and economy of the northern peoples, including reindeer husbandry, hunting, fishing and gathering. Healthy and productive ecosystems, both on land and water, are the basis of indigenous peoples’ culture and identity, supported by the Company.
Regional organizations are also positive about the support of the Company.
Grigory Dyukarev, Chairman of the Association of Indigenous Minorities of Taimyr, Krasnoyarsk Territory commented: “What is surprising is how promptly Nornickel responds to the needs of Indigenous people. Two months ago, our compatriots made their requests, and today we have found out that they have been fulfilled, while an additional 100 million roubles has been allocated for these purposes. We can see that the Company is responding to our requests. The programme envisaged by the agreement has been generating genuine interest among representatives of Indigenous people from other regions. The existing partnership has become possible due to Nornickel’s understanding of the role of Indigenous peoples in the territories of its operations and the importance of interaction with them.”
De-dollarization is gaining momentum
Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions.
The announced deal will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais – or vice versa – rather than first converting their currencies to the U.S. dollar.
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) said the new arrangement is expected to “reduce costs” and “promote even greater bilateral trade and facilitate investment.”
China is Brazil’s largest trading partner, accounting for more than a fifth of all imports, followed by the United States, according to the latest figures. China is also Brazil’s largest export market, accounting for more than a third of all exports.
China overtook the United States as Brazil’s top trading partner in 2009. Today, Brazil is the largest recipient of Chinese investment in Latin America, driven by spending on high-tension electricity transmission lines and oil extraction.
Brazilian President Luiz da Silva, sworn in on January, has moved to strengthen ties with Beijing after a period of rocky relations under his predecessor, Jair Bolsonaro, who used anti-China rhetoric on the campaign trail and in office.
An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off in Indonesia. Top of the agenda are discussions to reduce dependence on the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies.
The meeting discussed efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members.
This means that an ASEAN cross-border digital payment system would be expanded further and allow ASEAN states to use local currencies for trade. An agreement on such cooperation was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand in November 2022. This follows from Indonesia’s banking regulator, stating on March 27 that the Bank of Indonesia is preparing to introduce its own domestic payment system.
Indonesian President Joko Widodo has urged regional administrations to start using credit cards issued by local banks and gradually stop using foreign payment systems. He argued that Indonesia needed to shield itself from geopolitical disruptions, citing the sanctions targeting Russia’s financial sector from the US, EU, and their allies over the conflict in Ukraine.
Moving away from Western payment systems is necessary to protect transactions from “possible geopolitical repercussions,” Widodo said.
Of the ASEAN nations, just Singapore has enforced sanctions on Russia, while all other ASEAN nations continue to trade with the country. There has been alarm at being caught up in US-led secondary sanctions, as are short to impact Central and South Asia countries involved in cotton manufacturing, a major industry in the region employing millions of people.
U.S. bank trouble heralds The End of dollar Reserve system
The US banking system is broken, stresses ‘The Asia Times’. That doesn’t portend more high-profile failures like Credit Suisse. The central banks will keep moribund institutions on life support.
But the era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit.
And the geopolitical consequences will be enormous. The seize-up of dollar credit will accelerate the shift to a multipolar reserve system, with advantage to China’s yuan as a competitor to the dollar.
Gold, the “barbarous relic” abhorred by John Maynard Keynes, will play a bigger role because the dollar banking system is dysfunctional, and no other currency — surely not the tightly-controlled yuan — can replace it. Now at an all-time record price of US$2,000 an ounce, gold is likely to rise further.
The greatest danger to dollar hegemony and the strategic power that it imparts to Washington is not China’s ambition to expand the international role of the yuan.
This crisis is utterly unlike 2008, when banks levered up trillions of dollars of dodgy assets based on “liar’s loans” to homeowners. Fifteen years ago, the credit quality of the banking system was rotten and leverage was out of control. Bank credit quality today is the best in a generation. The crisis stems from the now-impossible task of financing America’s ever-expanding foreign debt.
America’s chronic current account deficits of the past 30 years amount to an exchange of goods for paper: America buys more goods than it sells, and sells assets (stocks, bonds, real estate, and so on) to foreigners to make up the difference.
America now owes a net $18 trillion to foreigners, roughly equal to the cumulative sum of these deficits over 30 years. The trouble is that the foreigners who own US assets receive cash flows in dollars, but need to spend money in their own currencies.
Before 1971, when central banks maintained exchange rates at a fixed level and the United States covered its relatively small current account deficit by transferring gold to foreign central banks at a fixed price of $35 an ounce, none of this was necessary.
The end of the gold link to the dollar and the new regime of floating exchange rates allowed the United States to run massive current account deficits by selling its assets to the world.
In effect, the market worries that buying inflation protection from the US government is like passengers on the Titanic buying shipwreck insurance from the captain. The gold market is too big and diverse to manipulate.
The dollar reserve system will go out not with a bang, but a whimper. The central banks will step in to prevent any dramatic failures. But bank balance sheets will shrink, credit to the real economy will diminish and international lending in particular will evaporate.
Southeast Asia will rely more on its own currencies and the yuan. The dollar frog will boil by slow increments.
It’s fortuitous that Western sanctions on Russia during the past year prompted China, Russia, India and the Persian Gulf states to find alternative financing arrangements. These are not a monetary phenomenon, but an expensive, inefficient and cumbersome way to work around the US dollar banking system.
As dollar credit diminishes, though, these alternative arrangements will turn into permanent features of the monetary landscape, and other currencies will continue to gain ground against the dollar, concludes ‘The Asia Times’.
Mastering Writing Skills: Write Effectively for Academic and Professional Success
Most people underestimate the importance of knowing how to write. In school, students are assigned paper after paper. The results help teachers grade their knowledge. But, that’s not the main reason why these are assigned. Essays and other papers give students practice, and a chance to learn effective writing. It’s a lifelong skill that not only serves to land them a passing grade but can also help them boost their professional success later on.
How to Master Your Writing Skills
If you want to make sure that you learn how to write better, both for academic and professional success, here are some tips and tricks for you.
1.Ask Someone to Write for You
The best way to learn how to write is to read what you need to write. If you aim for academic success but don’t know how to craft a paper that gets you an A, get some writing help from a reliable service. Today you can simply go online and request to write my essay and you’ll receive a top-notch assignment. This isn’t just to help you meet a deadline or land a high grade. You can also use it for college learning – to read what a good paper should look like.
When you have a finished piece of writing, this can be your guide. Students often order papers online to meet deadlines or make sure they get a high grade. Even if this is the case, use the opportunity to learn, too – next time you need to craft a similar paper, refer to the one written by an expert to boost your writing skills.
2.Read What You Like
Reading is an amazing way to boost your writing skills. How is this possible, you wonder?
For starters, reading books, articles, other papers, or anything else – can boost your vocabulary. When you read, you also come across different writing styles, giving you ideas for when you need to write.
Even though it might not seem this way when you actually read, reading gives you a lot of useful information that is stored in your subconscious.
If you want to master writing, truly master it, you need practice. Those essay assignments are not enough. You should do some free writing, too. Start your blog or journal, write letters to your peers, join a writing workshop, etc. Just write for the sake of it – practice is very important!
4.Don’t Skimp on the Editing Part
Editing is as important as writing itself – maybe even more important. While some mistakes might be acceptable in school, these are never welcome in professional circles. A single, unintentional mistake can have a devastating effect and ruin the quality or the message in your writing.
Research and writing are tiring, but this is no reason to skip the editing part and submit the work in a rush. If you want to learn to write better, you need to start by editing your work. When you proofread and edit it, you can find the most common mistakes you make and learn how to avoid them.
5.Focus on the Structure
The first draft is often a result of free writing. It’s good to write with the flow without focusing on the details, the mistakes, or the structure. This allows your thought to run without interruptions.
But, you can’t submit the first draft of any writing – not if you want it to be good.
In addition to editing the mistakes out of your writing, focus on the structure, too. Structure makes sure that your ideas get across to those who read the content.
Outlines are very useful for this. Many students see them as a waste of time since they aren’t formally required. However, a good outline can actually cut down the time you spend on editing and formatting your task. It will also make sure that the information in your essay flow and are clear to the reader.
6.Ask for Feedback – and Use It!
Unless you’ve mastered the skill of writing, you’ll make mistakes. This is how you learn, and there’s no shame in it. It’s also the time when feedback can really help you. Ask your mentors, your peers, your parents, and friends to take a look at your writing. Ask them to be blunt and tell you what flaws they find in your writing.
You might not accept all of their notes and feedback, but learning how others view and understand your writing is very useful.
Writing requires some talent but most importantly, it requires practice. It is something you learn in time, which is why it’s assigned at every academic level. So, practice, practice, and practice some more. This is how you’ll master the skill!
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