ZH Geopolitical Week Ahead – Germany’s Leopard Tank Dilemma & Warnings Of “Global Catastrophe”

A weekly round-up of geopolitical flashpoint and energy news we’re keeping our eyes on, and trends impacting global markets, which will later be accessible for Premium members and above…

The start of this week saw no less than four top level Russian officials warn of impending “global catastrophe” if the West keeps ramping up heavier arms to Ukraine, now as the decision of Germany to sign off on sending its Leopard II tanks looms.

State Duma Chairman Vyacheslav Volodin, the speaker of the lower house of Russia’s parliament, asserted in fresh remarks that NATO providing more weapons to Ukraine risks “global tragedy that would destroy” Western countries. “Supplies of offensive weapons to the Kyiv regime would lead to a global catastrophe,” Volodin said. “If Washington and NATO supply weapons that would be used for striking peaceful cities and making attempts to seize our territory as they threaten to do, it would trigger a retaliation with more powerful weapons.”

And one can read further ultra dire warnings from Moscow’s point of view… specifically from Lavrov, Peskov, and Medvedev… all statements issued on Monday. The red line is being laid out quite brightly. 

As for whether these escalatory scenarios will come to pass, with Russia and the West continuing to slide toward direct military confrontation, the question of whether or not Germany resists the growing pressure from allies for it to lead the way on sending its Leopard 2 main battle tanks looms. Can Berlin resist? Will Kremlin warnings be heeded by Berlin? And for how long? Despite a growing political rift both within the Scholz government among NATO allies more broadly, it’s not looking good. Germany has already bowed to pressure early in the conflict, given it walked away from its historic neutrality. The outcome to the tank question is likely to be decided by month’s end.

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— The_Real_Fly (@The_Real_Fly) January 22, 2023

To gain a sense of the gloomy, apocalyptic outlook from Moscow on a looming war with NATO and the future course of the Ukraine conflict, see the above weekend Russian state TV segment with a panel of officials moderated by editor-in-chief of RT, Margarita Simonyan. Very serious talk indeed.

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Below are global developments we are closely following this week…

Russia-Ukraine

Poland ramping up pressure on Berlin to send German tanks to Ukraine: DW

Warns Germany of “international isolation”… could send without approval?: DW

Broader NATO pressure (and division) mounts over tank issue: AW

State Duma official says “global catastrophe” coming due to ramped up Western arms: RTRS

German Intelligence: Ukraine losing hundreds of soldiers daily: AW

Russia touts gains around Bakhmut, smashes Ukrainian lines with artillery: TASS

US media cites anon officials to claim spate of mail bomb attacks at embassies in Europe the work of Russian intelligence: NYT

The long expected Russian offensive in Ukraine has begun: MofA

Former PM Boris Johnson makes yet another visit to Kiev: RTRS

NATO Baltic members Estonia & Lithuania boot Russian ambassadors, downgrade relations: RTRS

Very dark Russian state TV segment predicts worst-case spiral: Video

Norway holding Wagner deserter, will not deport to Russia: DW

Pentagon extends airborne troop deployment in southeast Romania: AW

China-Asia

US National Guard training Taiwan troops in expanded program: Nikkei 

GOP House Speaker McCarthy planning Taiwan visit: PN

Will China view it differently than Pelosi’s visit, given he’s in ‘opposition’? SCMP

Germany eyes ‘China lite’ future that is less dependent: Nikkei

China will join Russia and South Africa for February naval drills: SCMP

Beijing issues another veiled warning over Taiwan: VOA

Yellen in Africa talks China threat: FT

China’s biggest oil trading firm goes on a buying spree: OP

Middle East/World

Pressure on US occupation in Syria ramping up with drone attacks: Hill

Lebanese pound crashes to new low of 50,000 against the dollar: NA

Hardline Israeli govt risks triggering another Gaza flare-up: NA

Soaring inflation in Egypt… on the brink of another uprising? MEE

Israel-Saudi normalization efforts off to rocky start: JPost

130,000 Israelis protest govt’s anti-democratic reforms: Haaretz

Pentagon can’t account for $220BN of gear given to contractors: Reason

Abraham Accords not so popular on ‘Arab street’: RS

Saudi goods allowed in Syria after 11 years of trade ban: MEE

Erdogan tells Sweden not to expect Nato bid support: BBC

South Africa likely to use China and Russia as “bargaining chips” in its dealings with US: SCMP

Energy

Massive blackout in Pakistan impacts some 200 million people: BBC

UK’s National Grid to pay people to use less power as cold snap bites: RTRS

Musk agrees with JP Morgan Chase CEO Jamie Dimon that it will take 50 years to transition to green energy: FOX

Italy to wean itself off Russian gas within two years: OP

US energy chief says Biden would veto House Republican bill on oil reserve: RTRS

Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel: FT