BRICS Under Attack: Western Banks, Governments Launch Full-Spectrum Assault On Russia (Part I)

Russia is the target of a multi-faceted, asymmetric campaign of destabilization that has employed economic, political, and psychological forms of warfare — each of which has been specifically designed to inflict maximum damage on the Kremlin.

This article is part of a series on Western meddling to foment unrest and destabilize BRICS nations in an effort to ensure the continuation of Western economic and political control over the Global South. The first two parts, focusing on Brazil and South Africa, can be found here and here. Up next: Part II on the assault on Russia, which focuses on the political, psychological and military aspects that run in tandem with the economic war on Moscow.
NEW YORK — The U.S.-NATO Empire, with its centers of power in Washington, on Wall Street, and in the city of London, is on the offensive against the BRICS countries. This assault takes many forms, each tailored to its specific target.
The ongoing soft coup in Brazil has recently entered a new stage with the impeachment of President Dilma Rousseff of the left-wing Workers’ Party. Simultaneously, the destabilization of the ANC-led government in South Africa continues as political forces align to remove President Jacob Zuma. These two situations illustrate clearly the very potent forms of subversion via Western-funded political formations and movements being employed against Brazil, Russia, India, China and South Africa, the bloc of emerging economies also known as BRICS.
However, when it comes to a country as large as Russia, with its vast military capabilities, consolidated and wildly popular political leadership, and growing antagonism toward the West, the tools available to the Empire to undermine and destabilize are in some ways more limited.
Indeed, in the context of Russia, the popular mobilization pretext does not apply, and so that weapon in the imperial arsenal is blunted considerably. But there are other, equally potent (and equally dangerous) methods to achieve the desired effect.
Russia is the target of a multi-faceted, asymmetric campaign of destabilization that has employed economic, political, and psychological forms of warfare, each of which has been specifically designed to inflict maximum damage on the Kremlin. While the results of this multi-pronged assault have been mixed, and their ultimate effect being the subject of much debate, Moscow is, without a doubt, ground zero in a global assault against the BRICS nations.

Economic war: Hitting Russia where it’s vulnerable

While Russia is a world class power militarily, it is highly vulnerable economically. For that obvious reason, this area has been a primary focus of the destabilization thrust.
Russia has for decades been overly reliant, if not entirely dependent, on revenues from the energy sector to maintain its economic growth and fund its budget. According to the U.S. Energy Information Administration and Russia’s Federal Customs Service, oil and gas sales accounted for 68 percent of Russia’s total export revenues in 2013. With more than two-thirds of total export revenues and roughly 50 percent of the federal budget, not to mention 25 percent of total GDP, coming from oil and gas revenue, Russia’s very economic survival has been as dependent on energy as almost any country in the world.
In light of this, it’s no surprise that the drop in oil prices over the 18-month period from April 2014 to January 2016, which saw prices dive from $105 per barrel to under $30 per barrel, has caused tremendous economic instability in Russia. Even many leading Russian officials have conceded that the negative impact to Russia’s economy is substantial, to say the least.
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