BlackRock hires Saudi oil mogul

Updated July 26, 2023, Published July 20, 2023 – By Editorial staff
Amin Nasser is a key hire for the financial giant.

The world's largest fund manager appoints Saudi Amin Nasser to its board of directors. Nasser is already CEO of Saudi Aramco, the world's largest oil company.

The financial giant, which has been described as perhaps the world's most financially influential individual player, claims that the recruitment of Nasser is part of its long-term strategy to focus more on the Middle East.

– Amin’s distinguished career at Aramco, spanning more than four decades, gives him a unique perspective on many of the key issues facing our firm and our clients, said Larry Fink, chairman and CEO of BlackRock, in a statement.

– His leadership experience, understanding of the global energy industry and the drivers of the shift towards a low carbon economy, as well as his knowledge of the Middle East region, will all contribute meaningfully to the BlackRock Board dialogue, he added.

Amin Nasser has been CEO of the Saudi oil giant since 2015, and oversaw the company's initial public offering in 2019.

Saudi Aramco has also set a goal of becoming emissions-neutral by 2050, which is one of the reasons for BlackRock's hiring, as it has previously been criticized and accused of hypocrisy regarding its alleged climate initiatives. For example, the financial giant has promoted itself as a seller of "sustainable" funds while investing heavily in fossil fuels and oil production.

As recently as December, officials in the state of Florida pledged to withdraw some $2 billion that BlackRock manages for them, since "using our cash... to fund BlackRock’s social-engineering project isn’t something Florida ever signed up for".

It’s got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do, said Florida Chief Financial Officer Jimmy Patroni.

BlackRock CEO Larry Fink has previously said that the company is not a "the environmental police" but that it has a "duty" to share climate data and related information with its clients so that they "access to the best and most complete information to make their financial investment decisions, and that includes climate data."

The financial giant managed at least $8 trillion last year.

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Orbán: “EU is burning billions on a war that cannot be won”

Published today 11:15 am – By Editorial staff

The European Union is financing a war that cannot be won, destroying its own competitiveness and economically blackmailing Hungary. This is the harsh verdict on the EU from Hungarian Prime Minister Viktor Orbán in an interview with Axel Springer CEO Mathias Döpfner.

Following his meeting with Donald Trump, he now presents the United States as Hungary's new protector against Brussels.

Mathias Döpfner, CEO of media conglomerate Axel Springer, owner of publications including Bild, Die Welt and Politico, conducted the interview with Viktor Orbán as part of his podcast MD MEETS, where he meets leading political and cultural figures.

Exemption from sanctions – and protection against Brussels

Viktor Orbán describes his meeting with President Donald Trump on November 7 as successful. The most important outcome was that Hungary received an exemption from sanctions on Russian oil and gas.

We make an agreement with the President that still we are in office, it works, says Orbán, describing Trump as "a good man, a Christian man" who understood Hungary's situation.

Without the exemption, energy prices in Hungary would immediately triple. The country is heavily dependent on Russian energy, particularly since it lacks its own energy resources and has no access to the sea.

But the energy exemption was not all. Orbán also received what he calls a "financial shield" from the United States – protection that he says is needed against the EU rather than against Russia.

Normally, normally that protection is coming from the European Union. The European Union is a danger on us. They are blackmailing us. They try to suffocate us economically and financially. So the main reason why I need a financial shield is because of the European Union and against Brussels, he says.

"Trump can stop the war in one day"

Orbán is convinced that Trump is the key to peace between Russia and Ukraine.

— If he would have been in office when the war had erupted between Russia and Ukraine, one day and the war is over. Or even it would be impossible to have broken up. That's absolutely sure, he says.

Orbán's view of Trump as "the man of peace" is based on the president's business-oriented worldview.

He thinks that business makes the life of the people easier and war is against the business. Therefore all the war should stop as soon as possible, Orbán explains.

The Hungarian prime minister firmly rejects the description of himself as "Putin's Trojan horse".

The Trojan horse argument is very simple-minded and primitive. So if you don't have a serious argument to discuss the war, let's say this man has a different opinion than mine, so he is the Trojan horse of Putin. It's very primitive, says Orbán.

EU's Ukraine support – "irrational"

Orbán is sharp in his criticism of the EU's economic support for Ukraine. He argues that the union is destroying its own economy by financing a war that cannot be won.

We have already burned €185 billion and our intention is to burn even more. We are financing a country that has no chance of winning the war, says Orbán, continuing:

At the same time, we don't have money for the European Union to give a new boost to our economy, which is suffering greatly due to lack of competitiveness. What we are doing is irrational.

He dismisses the European strategy of continuing to support Ukraine militarily in hopes of improving the situation on the front lines. "The situation and time are better for the Russians than for us. Don't continue. Stop it as soon as we can", he says.

Orbán believes that peace is near, but that it requires a united transatlantic position. "The American president is in favour for peace. The Europeans are not", he notes, warning that the EU risks being excluded from negotiations.

When Döpfner asks why Europe doesn't use its superior military strength, Orbán responds that nuclear weapons change everything.

The real intellectual challenge is how anyone can beat a nuclear power. It has never happened. If a nuclear power loses a conventional war, I am absolutely certain that the nuclear risk is immediately on the table. Therefore my point is: don't escalate, don't show your strength on the front lines. We must show our strength at the negotiating table, not on the front lines, he says.

Harsh EU criticism and national sovereignty

Orbán's criticism of the European Union permeates the entire interview. He accuses Brussels of having abandoned its fundamental values.

The European Union was a peace project, turned to a war project. The outcome is the stagnation now. We are destroying our own competitiveness, he says.

Orbán emphasizes that national sovereignty is Europe's most important value and proposes a system with concentric circles where countries themselves can choose what level of integration they want to participate in.

Migration – "the end of democracy"

Orbán explains why he believes migration threatens democracy at its core.

If they stay, sooner or later, you will give a citizenship to them. If they get citizenship, they will get the right to vote. And those persons who you have never allowed to come into became your voting citizens, he reasons.

He argues that this changes the balance of power between traditional Christian and secular political camps. However, Orbán distinguishes between migration and labor immigration. Hungary allows 35,000 guest workers per year with time-limited permits.

We don't call them migrants. We call them guest workers, he explains.

"My main opponent is in Brussels"

Despite the harsh criticism of the EU, Orbán is optimistic about the future. "If you know the history of Hungary, you should know that we Hungarians cannot survive without optimism", he says.

Looking ahead to the upcoming election, he explains that the main issue will be national sovereignty.

My main opponent and challenger is not among the Hungarian guys. The challenge is in Brussels. Brussels wants to change the government in Hungary. They want a government here like they got in Poland, which follows instructions from Brussels on migration, economy and war. But I'm not that guy, Orbán concludes.

EU taxpayers have paid over €180 billion to Ukraine

Welfare collapse

Published yesterday 9:50 am – By Editorial staff
Archive photo.

The EU has so far approved more than €180 billion in economic support to Ukraine since the Russian invasion in 2022. Recently, an additional package worth approximately €6 billion was approved, while Ukrainian President Volodymyr Zelenskyy continues to demand increased grants and loans.

Last week, the European Commission approved almost six billion euros in new support to Ukraine.

The amount consists of €4.1 billion in a macro-financial assistance (MFA) loan and €1.8 billion in a support package, a large part of which consists of grants.

With this disbursement, the EU's total support to Ukraine now exceeds an astronomical €180 billion. In addition, there is military and financial support from other Western countries, not least the United States.

Zelenskyy demands more money

The day before the EU's decision, Ukrainian President Volodymyr Zelensky was interviewed by Bloomberg. He emphasized the need for additional financing.

We must find other alternatives. It is a question of our survival. That is why we really need it. And I count on our partners, Zelenskyy said.

In the same interview, he hinted that Ukraine hopes to gain access to frozen Russian assets in the EU, where a loan worth over €140 billion is being considered.

The Russian funds are held, among other places, at the securities depository Euroclear in Belgium. However, Belgian authorities and the company oppose the use of the assets.

There are at least as many frozen assets in the rest of the world. It's a bit frustrating that everyone is pointing at us, Belgian Prime Minister Bart De Wever told HLN, a Belgian news outlet.

De Wever has so far blocked proposals for seizure and emphasizes the risk that Belgian taxpayers could be forced to compensate Russia if there is no legal basis.

Ukraine in difficult military situation

The Ukrainian president admits, however, that the war is going hard for Ukraine and that the strategically important city of Pokrovsk, among others, is under heavy pressure. He emphasizes, however, that defense decisions are left to Ukrainian commanders.

No one is forcing them to die for some ruins, he reportedly commented on the military chain of command.

Volodymyr Zelensky believes that Russia wants Ukraine to give up the rest of Donetsk Oblast, including the cities of Kramatorsk and Sloviansk, and that the country is then prepared to end the war.

According to him, it has therefore become important for Russian President Vladimir Putin to conquer Pokrovsk in particular. Thereby showing the US and Donald Trump that Ukraine cannot win the war and that the only possibility for peace is to agree to Russian demands.

Demands that Zelenskyy stubbornly refuses to accept.

We cannot leave eastern Ukraine. No one will understand that. People will not understand it. And most importantly, no one can guarantee us that if they get this or that city, they won't continue afterward. We have no deterrent, Volodymyr Zelensky says.

Germany donates additional millions to Ukraine’s energy sector – despite corruption scandal

The war in Ukraine

Published November 13, 2025 – By Editorial staff
The Merz government continues to donate millions to Ukraine - despite the country's recurring and extensive corruption scandals.

Berlin is increasing its financial support to Ukraine's energy system with an additional €40 million – while a major bribery scandal rocks the country's state-owned energy company.

German Foreign Minister Johann Wadephul announced on Tuesday that Berlin is allocating €40 million to help Ukraine meet its winter energy needs.

The purpose, he says, is to ensure that Ukrainian households and industries can continue to function despite the strains of war.

Germany is helping Ukrainians survive another winter of war with an additional €40 million, Wadephul said in a statement, while noting that Germany has already spent around €9 billion in military support to Kiev this year.

Investigation into bribes at state nuclear power company

The announcement coincides with Ukraine's National Anti-Corruption Bureau (NABU) launching a comprehensive investigation into what is described as a high-level criminal organization.

The organization is suspected of earning large sums through bribes and illegal contracts with the state-owned nuclear power company Energoatom.

So far, seven people have been charged, and according to Ukrainian media, businessman Timur Mindich is identified as one of the main suspects.

Mindich, who has close ties to President Volodymyr Zelensky and was previously his business partner, allegedly left the country shortly before his residence was searched by investigators.

Kremlin spokesman Dmitry Peskov claims that Western aid to Ukraine has largely been "stolen" due to widespread corruption.

Former American National Security Advisor Michael Waltz has similarly described Ukraine as "...one of the most corrupt countries in the world".

Volodymyr Zelenskyj
Ukrainian President Volodymyr Zelensky increasingly pressured by Ukraine's recurring corruption scandals. Photo: President Of Ukraine/Public Domain

Corruption continues - support likewise

Corruption has long been a pervasive problem in Ukraine. A survey by the Kyiv International Institute of Sociology (KIIS) showed in September that 71 percent of the population feels that corruption has increased since the conflict with Russia escalated in 2022.

Ukraine has implemented anti-corruption reforms since 2014 - including creating new institutions such as the National Anti-Corruption Bureau (NABU) and the National Agency for the Prevention of Corruption (NACP).

Despite the reforms, corruption remains a widespread problem in the country, particularly in certain sectors such as the energy sector. There is criticism that Western support risks ending up in corrupt structures.

Transparency International's latest corruption index places Ukraine at 105th out of 180 countries – better than Russia (154th), but far from EU levels. Despite this, Western countries continue to pour support into Kiev.

Germany's decision to increase its contributions thus raises questions about how the aid will be monitored and how effectively it is actually being used in a country still struggling with systemic corruption.

Democrats release Epstein emails about Trump

The Epstein case

Published November 13, 2025 – By Editorial staff

Democrats have released emails from Jeffrey Epstein that, according to them, raise new questions about President Donald Trump's connections to the convicted sex offender. The White House dismisses it as an attempt to smear the president.

During Trump's election campaign, he was clear that he wanted to release documents related to the Jeffrey Epstein investigation, a promise that was withdrawn after he took office in the White House. This led to strong criticism among voters and political commentators who claimed that Trump was trying to cover up the documents.

Democrats then demanded access to the investigation documents themselves and are currently reviewing thousands of documents in the investigation.

On Wednesday, Democrats released email conversations from the investigation in which Trump is mentioned, which suggest that the president knew about the crimes, according to Reuters.

Spent hours with victim

The first email that Democrats released is from 2011 and is between Epstein and Maxwell, in which a victim, whose name is redacted in the public material, is mentioned.

In it, Epstein writes to Maxwell: "I want you to realize that that dog that hasn't barked is Trump.. [VICTIM] spent hours at my house with him".

Epstein continues by writing that Trump "has never once been mentioned", not even by a 'police chief'.
Maxwell responded: "I've been thinking about that..."

In an email from 2019 to author Michael Wolff, Epstein wrote that Trump "knew about the girls", although it's not clear what the phrase specifically referred to. In another email from the same year, Epstein stated that Trump "came to my house many times" and "never got a massage."

The latter email was part of a larger collection of documents released later on Wednesday by a Republican-led congressional committee. In total, it involves 20,000 Epstein-related documents in which Trump's name appears frequently, often in connection with his political career or allegations of sexual behavior.

Smear campaign

White House Press Secretary Karoline Leavitt claims that Democrats are trying to smear the president by, among other things, deliberately concealing the identity of the victim mentioned in the emails. She states that it concerns Virginia Giuffre, who died by suicide in April. In the autobiography published after Giuffre's death, Trump is described in positive terms, and no accusations are directed at him.

These emails prove absolutely nothing other than the fact that President Trump did nothing wrong, Leavitt said on Wednesday.

Donald Trump is not suspected of anything in connection with Epstein.