News

For Trump followers, his offer of a 20 to 40 billion economic assistance to Argentina came as a shock. For a government that emphasizes not spending American tax payers’ money abroad the record high foreign debt defaulter and agrobusiness competitor Argentina is a puzzling choice.

However, there are profound reasons for this outcome. In what follows, I will try to explain them. The first two motives are the most obvious ones, but I promise that the following two are the ones that are not that apparent though interesting to read.

The first reason, and more obvious one, is the ideological congruence between the executives. The Argentine president Milei shares Trump’s anti woke ideology, it has always been a Trump supporter and shares with him a deep-seated rejection for leftist governments and ideologies. However, whereas Trump is an economic nationalist, Milei brands himself as an “anarcho-capitalist” that profoundly believes that the powers of free market should reign without interference in order for economies and societies to succeed.

Secondly, next Sunday Milei will face a crucial midterm election. In a last September legislative vote in the crucial Buenos Aires province (that accounts for 40% of Argentina’s population) he lost against his arch rivals, the Peronist Party. The Peronist coalition, that governed Argentina for the most part of the last 25 years, held a leftist ideology that privileged bilateral relations with China over the US and that is a staunch critic of Trump’s policies. The following Monday, the Argentine peso faced very strong devaluation pressures that ended up drying up the Central Bank’s reserves.

Third, the US grand strategy has been under a deep transformation, at least since Obama`s presidency. It has been progressively withdrawing from the Middle East while focusing more on China. It has also demanded the Europeans (and also its allies in East Asians) to up their defence spending. This relative withdrawal is somewhat compensated by an increase of attention in its own neighbourhood, the Americas. It is under this lens that we can understand the recent US military actions against the Maduro regime in Venezuela, the suspension of economic aid to leftist governed Colombia and the huge tariffs applied to also leftist governed Brazil. Being Mexico also governed by a (somewhat pragmatic) leftist party and having in Chilean President Boric a staunch critic of Trump`s policies, the US is left with very few friends in the region. Right now, the only welcoming ally from a large country in the Americas is Argentina`s Milei.

Fourth, from the Argentine side, a change in the strategic outlook in part of its elites is also paving the way for an alliance with the US. The current Argentine executive, in its quest to achieve macroeconomic stability has as its most coveted goal the dollarization of the economy. This is the endpoint of the pro market economic reforms under way. At the same time, the Milei government supports the US and Israel in a fashion unseen in Argentine history. Worldwide, there are not many countries supporting the Trump agenda as thoroughly as Argentina.

There are strong indications that the deepening of the alliance between the US and Argentina is under way. However, near future events might change this course. Next month there will be presidential elections in Chile, while Colombia and Brazil will have theirs in May and October respectively. A win by the opposition in any of these countries will devalued the strategic relevance that Argentina holds right now. Secondly, will Trump successors double in an alliance with a country that has never been considered strategic for US interests? Finally, there is the question of Milei`s political future in Argentina. Good part of his ambitions and of Argentina’s grand strategy will be risked in next elections.

Petro, however, did acknowledge that a disruption in the two countries’ military cooperation could have serious consequences.

Colombia’s President Gustavo Petro has indicated that a suspension of aid from the United States would mean little to his country, but that changes to military funding could have an effect.

“What happens if they take away aid? In my opinion, nothing,” Petro told journalists on Thursday, adding that aid funding often moved through US agencies and employed Americans.

But a cut to military cooperation would matter, he added.

“Now, in military aid, we would have some problems,” Petro said, adding that the loss of US helicopters would have the gravest impact.

US President Donald Trump had threatened over the weekend to raise tariffs on Colombia and said on Wednesday that all funding to the country has been halted.

Colombia was once among the largest recipients of US aid in the Western Hemisphere, but the flow of money was suddenly curtailed this year by the shuttering of USAID, the government’s humanitarian assistance arm. Military cooperation has continued.

The Trump administration has already “decertified” Colombia’s efforts to fight drug trafficking, paving the way for potential further cuts, but some US military personnel remain in Colombia, and the two countries continue to share intelligence.

Petro has objected to the US military’s strikes against vessels in the Caribbean, which have killed dozens of people and inflamed tensions in the region. Many legal experts and human rights activists have also condemned the actions.

Trump has responded by calling Petro an “illegal drug leader” and a “bad guy” – language Petro’s government says is offensive.

Petro has recalled his government’s ambassador from Washington, DC, but he nevertheless met with the US’s charge d’affaires in Bogota late on Sunday.

Although Trump has not announced any additional tariffs on top of the 10-percent rate already assessed on Colombian goods, he said on Wednesday he may take serious action against the country.

Petro said Trump is unlikely to put tariffs on oil and coal exports, which represent 60 percent of Colombia’s exports to the US, while the effect of tariffs on other industries could be mitigated by seeking alternative markets.

An increase in tariffs would flip a long-established US policy stance that free trade can make legitimate exports more attractive than drug trafficking, and analysts say more duties could eventually bolster drug trafficking.

Although his government has struggled to take control of major hubs for rebel and criminal activity, Petro said it has made record seizures of 2,800 metric tonnes of cocaine in three years, partly through increased efforts at Pacific ports where container ships are used for smuggling.

He also repeated an accusation that Trump’s actions are intended to boost the far right in Colombia in next year’s legislative and presidential elections.

EU leaders had hoped to agree on a plan to fund a loan of 140 billion euros to bolster Ukraine.

Leaders across the European Union have agreed to help Ukraine fund its fight against Russia’s invasion, but stopped short of approving a plan that would draw from frozen Russian assets to do so, after Belgium raised objections.

EU leaders met in Brussels on Thursday to discuss Ukraine’s “pressing financial needs” for the next two years. Many leaders had hoped the talks would clear the way for a so-called “reparation loan”, which would use frozen Russian assets held by the Belgian financial institution Euroclear to fund a loan of 140 billion euros ($163.3bn) for Ukraine.

The EU froze about 200 billion euros ($232.4bn) of Russian central bank assets after the country launched its full-scale invasion of Ukraine in 2022. In order to use the assets to fund Ukraine’s war effort, the European Commission, the EU’s executive, has floated a complex financial manoeuvre that involves the EU borrowing matured funds from Euroclear.

That money would then, in turn, be loaned to Ukraine, on the understanding that Kyiv would only repay the loan if Russia pays reparations.

The scheme would be “fully guaranteed” by the EU’s 27 member states – who would have to ensure repayment themselves to Euroclear if they eventually decided Russia could reclaim the assets without paying reparations. Belgium, the home of Euroclear, objected to this plan on Thursday, with Prime Minister Bart De Wever calling its legality into question.

Russia has described the idea as an illegal seizure of property and warned of retaliation.

Following Thursday’s political wrangling, a text approved by all the leaders – except Hungary’s Prime Minister Viktor Orban – was watered down from previous drafts to call for “options for financial support based on an assessment of Ukraine’s financing needs.” Those options will be presented to European leaders at their next summit in December.

“Russia’s assets should remain immobilised until Russia ceases its war of aggression against Ukraine and compensates it for the damage caused by its war,” the declaration added.

Earlier, Ukrainian President Volodymyr Zelenskyy, a guest at the summit, had urged a quick passage of the plan for the loan.

“Anyone who delays the decision on the full use of frozen Russian assets is not only limiting our defence, but also slowing down the EU’s own progress,” he told the EU leaders, saying Kyiv would use a significant part of the funds to buy European weapons.

Earlier, the EU adopted a new round of sweeping sanctions against Russian energy exports on Thursday, as well, banning liquefied natural gas imports.

The move followed United States President Donald Trump’s announcement on Wednesday that Russia’s two biggest oil companies would face US sanctions.

Russian President Vladimir Putin on Thursday struck a defiant tone over the sanctions, saying they were an “unfriendly act”, and that Russia would not bend under pressure.

Oct. 23 (UPI) — All-electric vehicle maker Rivian Automotive has announced it is laying off 4.5% of its workforce amid mounting market pressures, the company said Thursday.

In a memo sent to employees, company founder and CEO RJ Scaringe said the cuts involve restructuring of its marketing, vehicle operations, sales and delivery and mobile teams, according to CNBC.

“These were not changes that were made lightly,” Scaringe said in the memo. “With the changing operating backdrop, we had to rethink how we are scaling out go-to-market- functions. The news is challenging to hear, and the hard work and contributions of the team members who are leaving are greatly appreciated.”

Rivian ended 2024 with just under 15,000 employees.

Scarigne’s memo did not say exactly how many employees would be let go, but according to The Wall Street Journal, which first reported the plan, the layoffs would affect more than 600 employees.

Rivian and other elective vehicle makers are facing difficult sales and marketing conditions following the end of a $7,500 dollar tax credit for EV purchases in the new federal budget.

Demand has also been lower than expected for Rivian amid regulatory issues. The automaker also lacks new products until next year and faces a cash shortage. It lost $1.1 billion during the second quarter.

This is the latest in a series of layoffs. Rivian furloughed between 100 and 150 workers in its commercial and manufacturing teams between September 2024 and June.

Rivian is scheduled to release at least 150,000 R2 SUVs in 2026, which will be more widely available to consumers than previous models.

The company also recently started construction on its third manufacturing facility outside of Atlanta, where it plans to build the R2 and other models.

The company has struggled to maintain a sales pace with its current lineup of vehicles. Its sales are projected to drop by 16% in 2025 compared to last year.

United States President Donald Trump sanctions Russia’s two biggest oil companies – after scrapping a summit with President Vladimir Putin on the Ukraine war.

The European Union has also announced new measures targeting Russian oil and assets.

Will they bring an end to the war any closer?

Presenter: Bernard Smith

Guests:

Anatol Lieven – Director of the Eurasia programme at the Quincy Institute for Responsible Statecraft

Steven Erlanger – Chief Diplomatic Correspondent for Europe at The New York Times

Chris Weafer – CEO of Macro-Advisory, a strategic consultancy focused on Russia and Eurasia

Oct. 23 (UPI) — Outgoing New York Mayor Eric Adams officially endorsed former Gov. Andrew M. Cuomo to replace him.

Adams ended his campaign for re-election in late September after a federal bribery indictment and the Campaign Finance Board’s decision to withhold millions in public matching funds. After Cuomo pressured him to leave the race, Adams called him a “snake and a liar,” The New York Times reported.

But now the two are friends again, announcing the endorsement together on a sidewalk in East Harlem. “Brothers fight,” Adams said. “But when families are attacked, brothers come together.”

On Wednesday night, Cuomo, a Democrat running as an independent, participated in the final debate of the election season, facing off against front-runner Zohran Mamdani, a Democratic Socialist running as a Democrat; and Republican Curtis Sliwa.

In an interview with The Times Thursday, Adams said that he would campaign with Cuomo in neighborhoods where the mayor is most popular and try to urge people to vote for Cuomo.

“I think that it is imperative to really wake up the Black and brown communities that have suffered from gentrification on how important this race is,” Adams said. “They have watched their rents increase in terms of gentrification and they have been disregarded in those neighborhoods, and I’m going to go to those neighborhoods and speak one on one with organizers and groups, and I’m going to walk with the governor in those neighborhoods and get them engaged.”

Mamdani released a statement after the announcement.

“Today confirms what we’ve long known: Andrew Cuomo is running for Eric Adams’s second term,” Mamdani said. “It’s no surprise to see two men who share an affinity for corruption and Trump capitulation align themselves at the behest of the billionaire class and the president himself. We are going to turn the page on the politics of big money and small ideas that these two disgraced executives embody and build a city every New Yorker can afford.”

Sliwa brushed off the endorsement at a press conference Thursday. He told reporters that the two men were “corrupt birds of a feather flocking together.”

“The guy who called Andrew Cuomo a snake is now the snake charmer,” Sliwa said. “Are you surprised by that?”

US Secretary of State Marco Rubio reiterated the importance of the fragile Gaza ceasefire agreement while meeting with Israeli Prime Minister Benjamin Netanyahu in West Jerusalem Thursday.

This week, we are getting our first visual evidence of Russia’s notorious glide bomb kit capability combined with a small turbojet engine, a modification that provides this class of munition with a significant boost in range. The latest version of the weapon is reportedly designated UMPK-PD, in which the “P” suffix very likely denotes Dalniaya, for long-range, although other sources describe a similar weapon as the UMPB-5R. Regardless, they look set to become another problem for Ukraine’s air defenses… if they work as advertised.

At least some of the photos of the wreckage of the glide bombs, posted recently to social media, appear to show the remains of the turbojet engine among the other components. The first such photos were apparently initially shared on a Ukrainian Telegram channel, Polkovnik GSh, and are said to date from the late spring or early summer of this year.

Meanwhile, reports in the Ukrainian media describe the use of such munitions against targets in the Kharkiv region, specifically the town of Lozovaya, around 56 miles from the front line, and in the Sumy region, where the reported target was the village of Khoten, 6.2 miles from the front line.

Maj. Gen. Vadym Skibitsky, deputy head of the Ukrainian Ministry of Defense’s Main Intelligence Directorate (GUR), has said that a new Russian glide bomb (presumably the UMPK-PD or UMPB-5R) was combat-tested in September/October and is now entering series production. He has said the weapons include “new control modules” and superior resistance to electronic countermeasures.

There have long been rumors that the Russian UMPK, or Unifitsirovannyi Modul Planirovaniya i Korrektsii, meaning unified gliding and correction module, glide bombs had started to be adapted to accommodate propulsion. This would be in keeping with the steady improvements that have been made to this series of weapons, which have included using new types of warheads as well as increasingly larger payloads.

A recent report from the Russian daily newspaper Kommersant states that the latest version of the UMPK can strike targets at ranges of up to 62 miles, thanks to various aerodynamic improvements. This range is said to be achieved when released at an altitude of around 40,000 feet and at a speed of around 621 miles per hour. The range would be correspondingly reduced when launched at lower altitudes and lower speeds.

Meanwhile, the same weapon fitted with a motor reportedly doubles that baseline range, to 124 miles, comparable with a standoff weapon like a shorter-range cruise missile. While all these range figures should be treated with caution, anywhere near these range figures would provide an impressive leap in capability over the weapon’s unpowered counterpart.

Publicly available data attributes the original UMPK weapons with a range of between 25 and 45 miles when strapped to a FAB-250, FAB-500, or FAB-1500 bomb. A range of between 31 and 37 miles can be achieved when using the heavier FAB-3000 bomb.

In its baseline form, the aerodynamic improvements for the UMPK-PD include a pair of wings, replacing the single pop-out wing that was originally used in the glide bomb kits. These provide increased area and, therefore, generate more lift for sustained flight.

The ‘twin-wing’ configuration is something that has been seen in use for some time now, but the motor wasn’t visible. That apparent anomaly now makes much more sense, given that versions of the UMPK-PD can be employed with or without the range-extending engine.

Otherwise, the baseline UMPK-PD is also fitted with redesigned tail fins, guidance and control unit, and a power source, all of which are bolted to a standard free-fall bomb.

When fitted with a jet engine, for maximum reach, the twin wings are reportedly of smaller size and are swept back. As for the engine, photos of the wreckage indicate this is a Chinese-made Swiwin SW800Pro-Y turbojet, which is commercially available and generates around 180 pounds of thrust. Russia’s ability to source large numbers of small turbojets domestically has been questioned in the past, so getting them from China off-the-shelf would certainly make sense.

The Kommersant report states that the powered UMPK-PD is now being combat-tested in prototype form, which means there may not yet be a standardized format for this version, with the potential for changes to be made based on early operational experience.

According to a report on Telegram from the pro-Russian military Fighterbomber channel, the specific bomb used as ‘payload’ for the UMPK-PD is the FAB-500T, a 500-kilogram (1,102-pound) class weapon. It is claimed that the specific properties of the FAB-500T, which include a more aerodynamic body and heat-resistant features, make it more suitable for powered, long-range flight.

Interestingly, the FAB-500T was originally developed during the Cold War for carriage by the MiG-25RB Foxbat reconnaissance-bomber. In this case, the letter “T” stands for Termostoykaya (thermally stable), since it was designed to withstand in-flight heating at the MiG-25RB’s cruising speed of 2,500km/h (1,553mph) at high altitude. It’s unclear how many FAB-500Ts remain in the Russian stockpile, but presumably other FAB-series bombs could also be adapted for use with the UMPK-PD, too.

The UMPK-PD reportedly also features a new launch procedure, in which a combination of a spring mechanism and a pyrotechnic serves to deploy the wings after release from the aircraft. The various control surfaces are then adjusted to direct the munition toward the target.

This is very likely intended to overcome previously reported problems with the standard UMPK series.

As we wrote back in 2023, quoting an online critical analysis of the UMPK module, conducted anonymously by an employee of a Russian company:

The wing is opened after the bomb is dropped by a spring hooked to the locking mechanism. The wing opening mechanism is unreliable, and “the fact that the wing is not brought into flight position is a standard occurrence for this product.”

Ruslan Pukhov, the director of the Center for Analysis of Strategy and Technologies (CAST), a Moscow-based think tank, told Kommersant that the UMPK-PD is an “excellent, but probably temporary solution” to the problem of a lack of more purpose-designed precision-guided munitions to support the Russian ground forces. Pukhov noted that the UMPK-PD would help compensate for a lack of longer-range precision-guided munitions and even cruise missiles, but that it wouldn’t offer the same level of accuracy or destructive power.

Nevertheless, the UMPK-PD is another major headache for the hard-pressed Ukrainian air defenses.

Since their first employment in the war in Ukraine, the Russian glide bombs have proved to be extremely difficult to shoot down, being small in size, relatively fast, and with no thermal signature.

They have also been continually improved.

Meanwhile, Russia introduced another new standoff weapon last year, a winged precision-guided bomb known as the UMPB D-30SN, or simply UMPB. As we discussed at the time, this munition has some interesting parallels to the U.S.-made Small Diameter Bomb (SDB).

As for the UMPK-PD, this can meanwhile be compared to a much cruder counterpart to the powered version of the Joint Direct Attack Munition-Extended Range (JDAM-ER). The Powered JDAM essentially combines a JDAM-ER winged precision-guided bomb with a small turbine engine, creating something like a lower-cost cruise missile.

As we have noted in the past, Russia has a limited air-launched standoff precision-guided munitions arsenal, overall, so being able to convert dumb bombs into longer-range guided weapons is of significant utility. The result is a series of weapons that allow the Russian Aerospace Forces to strike deeper in certain areas, as well as to conduct more survivable weapons deliveries in others.

Due to the crash program to develop these kinds of bombs, the earlier versions suffered from several shortcomings. However, with the Russian Aerospace Forces’ huge demand for weapons that can be launched at a safer distance from air defenses, and the tempo of airstrikes in general, the continued appearance of more refined versions of these weapons, including with longer range, is no surprise.

Contact the author: [email protected]