Showing posts with label Taiwan. Show all posts
Showing posts with label Taiwan. Show all posts

Monday, December 16, 2024

How a forgotten promise shaped Ukraine's nightmare




From The Hartmann Report

Yesterday was the 30th anniversary of Ukraine, Russia, Great Britain, and the United States signing the Budapest Memorandum. To celebrate, Russia massed thousands of troops on Ukraine’s southern border, preparing for another massive and bloody invasion.

Donald Trump, meanwhile, continued to ignore the situation, much to the delight of Putin and Xi, increasing the chances of a third world war.

While countries around the world are trying to create and build nuclear weapons stockpiles (particularly China, Iran, and North Korea) only one country in the history of the world has ever given up their nuclear hoard and unilaterally denuclearized their military: Ukraine.

And former President Bill Clinton — who brokered the deal during the second year of his presidency — feels terrible about it.

“I feel a personal stake because I got them [Ukraine] to agree to give up their nuclear weapons,” Clinton said in an interview with the Irish media company RTÉ. “And none of them believe that Russia would have pulled this stunt if Ukraine still had their weapons.”

Clinton can be forgiven his naivete: in 1994 Russia had not yet been turned into a fascist dictatorship. Boris Yeltsin was president and Russians — and the world — were giddy about the possibility of the country becoming a western-style democracy.

The deal Clinton brokered is known as the “Budapest Memorandum of 1994,” an agreement worked out just three years after the Soviet Union dissolved and Ukraine had again become an independent nation.

Through much of that year the UK, US, and Russia met repeatedly with Ukraine at a venue in Budapest provided and blessed by the UN to try to secure and remove from Ukraine the world’s third-largest stockpile of nuclear weapons.

Ukraine, the largest country in Europe (about the size of Texas), had inherited from the old Soviet Union a massive collection of nukes, including almost two thousand SS-19 and SS-24 Intercontinental Ballistic Missiles (ICBMs), in silos scattered from border to border. Between 1991 and 1994, Ukraine owned the world’s third largest nuclear weapons arsenal.

Every one of those thousands of missiles had warheads containing nuclear bombs in the 400-550 kiloton range: each missile’s warhead was 27 to 37 times more powerful than the weapons we used to destroy Hiroshima and Nagasaki.

This Ukrainian stash of nuclear weapons was six times the size of what China has today, capable of destroying — both because of the missiles’ ranges and the size of the warheads — every town and city in the United States with more than 50,000 people, as The Brookings Institution notes, “three times over, with warheads left to spare.”

Most were pre-targeted at the United States, but those missiles — and the long-range jets and nuclear bombs Ukraine had as well — could just as easily have been re-positioned to take out Moscow and every major population center in Russia, or every consequential city in Britain and continental Europe, with plenty of firepower left over.

And Ukraine was reluctant to let go of their nukes. As Clinton told the Irish broadcaster:

“They were afraid to give them up because they thought that’s the only thing that protected them from an expansionist Russia.”

But the US, UK, and Russia — on behalf of the United Nations and the world — really, really wanted those nuclear weapons to be secured.

Ukraine was ultimately willing to give them up to advance world peace — particularly after being so traumatized by the meltdown of their Chernobyl nuclear power station in 1986 — so they entered the Budapest negotiations with Yeltsin and Clinton in good faith with only three simple demands.

— First, they wanted an absolute assurance from, at least, the US, UK, and Russia that their territorial integrity would be both respected by those three nations and defended in the event of an invasion.

— Second, Ukraine wanted some financial help to safely dig the missiles out of their bunkers and transport them to Russia for decommissioning and destruction. The job would cost more than Ukraine’s economy could bear at the time.

— Third, they still had 15 functioning nuclear reactors operating in Ukraine, a legacy of the Soviet nuclear power program (which also provided some of the materials for those 1900 nukes), and the nuclear material in the warheads could be reprocessed into high-quality fuel for Ukraine’s power stations. They wanted an equivalent amount of nuclear fuel from the US, UK, and Russia so they could provide themselves with low-cost electricity for a few decades.

The three nations negotiating with Ukraine agreed to all the terms:

— Russia took most of the responsibility for relocating and decommissioning the ICBMs and their nuclear warheads, and providing Ukraine with nuclear power-station fuel.

— The US and the UK kicked in around $3 billion cash to cover the costs.

— And all three nations kicked in to an additional $3 billion fund to pay for a modern Ukrainian military, promised to never attack Ukraine, and to defend its borders if anybody else did.

Ukraine, trusting our word that their borders would never be violated, gave up their nuclear weapons. All of them.

We can all see how poorly that memorandum, signed in Budapest on December 5, 1994, has worked out, starting with the Obama administration’s failure to defend Ukraine when Russia invaded and took Crimea in 2014.

So can children and civilian adults in Ukraine who are literally dying from Russian missiles and bombs as you read these words.

The memorandum doesn’t have specific language about exactly how the US, UK, and Russia would protect Ukraine and its borders in the event of an attack, but it was backed up by at least the appearance of the moral force of the United Nations.

(I’ve appended the entire text of the Budapest Memorandum at the end of this article: it’s short and worth taking 2 minutes to read.)

It does, however, contain language that the Ukrainians were convinced would protect them. In it, the US, UK, and Russia “reaffirm their obligation to refrain from the threat or use of force against the territorial integrity or political independence of Ukraine.”

The three nations and, by proxy, the UN, additionally promised to “refrain from economic coercion” against Ukraine and, should things break down, to “seek immediate United Nations Security Council action to provide assistance to Ukraine” if any nation were to initiate an “act of aggression” against Ukraine.

By 1996 Ukraine was completely denuclearized, weapons-wise, and until 2014 thought they were safe, as the country blossomed into a western-Europe-like vibrant regulated capitalist economy, having twice rejected attempts by political elites to corrupt the government as they built a sturdy middle class and a technologically modern nation.

When Russia illegally annexed Crimea back in 2014, Ukraine went before the UN and, citing the Budapest Memorandum, demanded the world act to protect its territory from Russian aggression.

As Clinton noted in his interview:

“When it became convenient to him, President Putin broke it and first took Crimea. And I feel terrible about it because Ukraine is a very important country.”

The United States and Europe, not wanting to piss off Putin over what seemed like a small slice of Ukrainian land, passed on doing anything militarily and let Russia get away with the land grab.

It was a fateful betrayal, as Bill Clinton pointed out. And the Ukrainians know it and are asking the world to acknowledge it.

In the past years, President Zelenskyy has repeatedly referenced the Budapest Memorandum when demanding the world — or at least the US and United Kingdom — keep their agreement to guarantee the integrity of Ukraine’s borders.

On February 19th, 2022 as Russia was massing troops along the Ukrainian border, President Zelenskyy told the Munich Security Conference:

“Since 2014, Ukraine has tried three times to convene consultations with the guarantor states of the Budapest Memorandum. Three times without success. Today Ukraine will do it for the fourth time.

“I, as President, will do this for the first time. But both Ukraine and I are doing this for the last time. I am initiating consultations in the framework of the Budapest Memorandum. The Minister of Foreign Affairs was commissioned to convene them.

“If they do not happen again or their results do not guarantee security for our country, Ukraine will have every right to believe that the Budapest Memorandum is not working and all the package decisions of 1994 are in doubt.”

President Zelensky mentioned it again on March 4th, 2022 as the Russian invasion turned into an orgy of slaughter, when he said to the world:

“All the alliance has managed to do so far is to carry 50 tons of diesel fuel for Ukraine through its procurement system probably so that we can burn the Budapest Memorandum.”

The consequences of that betrayal are now echoing across the planet. Our failure to act in 2014 has literally made the world less safe.

As the editorial board of The Wall Street Journal, a Murdoch-owned publication that had previously supported Trump in his repeated sucking up to Putin, noted in an opinion piece published on February 22, 2022:

“Don’t be surprised if Japan or South Korea seek their own nuclear deterrent. If Americans want to know why they should care about Ukraine, nuclear proliferation is one reason. Betrayal has consequences, as the world seems destined to learn again the hard way.”

On top of that, China is watching how this plays out and must be considering what might be the results of a similar effort to seize Taiwan.

The crisis caused by the failure of the Budapest Memorandum today and in 2014 has been terrible for Ukraine and has now damaged Russia by its own hand, both militarily, economically, and in their standing among the nations of the world. It has shaken the world order.

On this grim anniversary, as Putin’s campaign of murder, rape, and destruction has turned into genocide, America has both a moral and a legal obligation to defend Ukraine and honor the Budapest Memorandum.

Will Donald Trump, in his eternal effort to grovel before and gain the approval and admiration of Vladimir Putin, betray America’s solemn commitment to Ukraine after he’s sworn in on January 20th?

If he does, will China take that as permission to invade Taiwan? Will Putin figure Moldova, Poland, Latvia, Lithuania, and Estonia should be next? Finland and Sweden?

The Budapest Memorandum is not just a broken promise to Ukraine; it’s a warning to the world that the price of appeasement is paid in blood — and the bill is still coming due.


Indeed.  It is as if we learnt nothing from the betrayal of Czechoslovakia.

I would not be surprised if Ukraine is already building its own new nuclear weapons, bringing old technicians out of retirement.  Nor would I be surprised if Taiwan is working on nuclear weapons either.   In a world where a clown runs the world's most powerful country, a clown who is too dim to understand geo-political risk, who routinely breaks his word, and will appoint incompetent loyalists to run everything, every country must be doing some hard thinking about how they can protect themselves. 

Saturday, April 1, 2023

Taiwan's PMI still rising

Technically, Taiwan's March PMI fell a little, but my extreme-adjustment algorithm regards it as a blip.   The trend has been strongly up, though still below the 50% "recession line".   But notice how deep below zero industrial production is.   Taiwan is an exporting economy---70% of GDP is from exports.  The fact that IP is so negative is telling.   But the PMI tends to lead, so IP will likely improve from here.  Or rather, the year-on-year change will improve. 

PMIs for other countries will start being released on Monday.  It's all happening!   Is the world heading into recession, or do the sunlit, airy uplands of renewed growth await us?  Feicfimid, as they might say on the emerald isle (I'm learning Irish.  Slowly.)


Click on chart to see a clearer image.


Wednesday, January 22, 2020

Per capita emissions

A really nice chart from Wikipedia. (Click to enlarge)

It's clever, because the area of each square shows the total emissions for each country/region.  China has the biggest square, the US the next biggest and India third, but their per capita emissions are very different.  One of climate emission reduction policies is for each country to cut emissions to the global average.  That will of course cause the global average to decline, which means each "over-emitting country" would have to cut emissions again, which would be a good thing.

To get to the current average per capita emissions, the US, Canada, & Australia would have to cut emissions by 2/3rds, and most of Europe by half.  Europe is on track to reach that goal.  The US, Canada and Australia are not.
Source: Wikipedia.
Note how Taiwan is called 'Chinese Tapei' on this chart.  It remains 'Taiwan' to me.  

Tuesday, January 14, 2020

Gogoro's sales boom signals end for petrol scooters

Gogoro scooters


From Electrek:

Gogoro, the Taiwanese manufacturer of battery-swapping electric scooters, showed off huge growth in 2019. As the company prepares to expand globally in 2020, could this be the beginning of the end for gas[petrol]-powered scooters?

It certainly could be. And in fact it’s already happening in the East.

In Gogoro’s native Taiwan, where scooters are the dominant form of transportation instead of cars, the company is now the second-largest player in the scooter market. And not just the electric scooter market — but the entire scooter market. Only KYMCO is leading the startup Gogoro for market share, and that company has a huge incumbent advantage.

In just the electric scooter market, Gogoro maintains over 80% of the market share.

Now Gogoro has announced that its sales more than doubled in 2019, up over 105% compared to the previous year, according to the Taipei Times.

With its 55 mph (90 km/h) electric scooters, swappable batteries and a vast network of battery swap stations, Gogoro has proven incredibly popular in its domestic market. After already achieving unicorn status (a startup worth over $1 billion), the company has sets its sights on global expansion. The first country to receive Gogoro electric scooters for retail customers is Israel, which is likely a stepping stone on the way to expanded European operations and (hopefully) eventually US operations.



Throughout the developing countries in Asia, scooters have bigger sales than cars.  Electric scooters are likely to take off before electric cars, because their costs (up-front and running) are so much lower.   Good for pollution and the climate.

(See also Gogoro’s colorful new electric scooter is twice as cheap but just as fast as before)