Rutte: Russian Victory Over Ukraine Would Have Costly Impact on NATO's Credibility

NATO Secretary General Mark Rutte gives a joint press conference with Finland's president and Estonia's prime minister during the Baltic Sea NATO Allies Summit in Helsinki, Finland, 14 January 2025.  EPA/KIMMO BRANDT
NATO Secretary General Mark Rutte gives a joint press conference with Finland's president and Estonia's prime minister during the Baltic Sea NATO Allies Summit in Helsinki, Finland, 14 January 2025. EPA/KIMMO BRANDT
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Rutte: Russian Victory Over Ukraine Would Have Costly Impact on NATO's Credibility

NATO Secretary General Mark Rutte gives a joint press conference with Finland's president and Estonia's prime minister during the Baltic Sea NATO Allies Summit in Helsinki, Finland, 14 January 2025.  EPA/KIMMO BRANDT
NATO Secretary General Mark Rutte gives a joint press conference with Finland's president and Estonia's prime minister during the Baltic Sea NATO Allies Summit in Helsinki, Finland, 14 January 2025. EPA/KIMMO BRANDT

NATO Secretary-General Mark Rutte warned on Thursday that a Russian victory over Ukraine would undermine the dissuasive force of the world’s biggest military alliance and that its credibility could cost trillions to restore.
NATO has been ramping up its forces along its eastern flank with Russia, Belarus and Ukraine, deploying thousands of troops and equipment to deter Moscow from expanding its war into the territory of any of the organization’s 32 member countries.
“If Ukraine loses then to restore the deterrence of the rest of NATO again, it will be a much, much higher price than what we are contemplating at this moment in terms of ramping up our spending and ramping up our industrial production,” the Associated Press quoted Rutte as saying.
“It will not be billions extra; it will be trillions extra,” he said, on the sidelines of the World Economic Forum in Davos, Switzerland.
Rutte insisted that Ukraine’s Western backers must “step up and not scale back the support” they are providing to the country, almost three years after Russia’s full-fledged invasion began.
“We have to change the trajectory of the war,” Rutte said, adding that the West “cannot allow in the 21st century that one country invades another country and tries to colonize it."
"We are beyond those days,” he said.
Anxiety in Europe is mounting that US President Donald Trump might seek to quickly end the war in talks with Russian President Vladimir Putin on terms that are unfavorable to Ukraine, but Rutte appeared wary about trying to do things in a hurry.
“If we got a bad deal, it would only mean that we will see the president of Russia high-fiving with the leaders from North Korea, Iran and China and we cannot accept that,” the former Dutch prime minister said. “That would be geopolitically a big, big mistake.”
Polish Foreign Minister Radek Sikorski welcomed Trump's acknowledgement that it must be Russia which should make the first peace moves, but he cautioned that “this is not the Putin that President Trump knew in his first term.”
On Wednesday, Trump threatened to impose stiff taxes, tariffs and sanctions on Moscow if an agreement isn’t reached to end the war, but that warning will probably fall on deaf ears in the Kremlin. Russia's economy is already weighed down by a multitude of US and European sanctions.
Sikorksi warned that Putin should not be put at the center of the world stage over Ukraine.
“The president of the United States is the leader of the free world. Vladimir Putin is an outcast and an indicted war criminal for stealing Ukrainian children,” Sikorski said.
"I would suggest that Putin has to earn the summit, that if he gets it early, it elevates him beyond his, significance and gives him the wrong idea about the trajectory of this,” he said.



Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
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Trump Says Will Demand Interest Rates Drop 'Immediately'

President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)
President Donald Trump smiles as he signs executive orders in the Oval Office of the White House, Thursday, Jan. 23, 2025, in Washington. (AP Photo/Ben Curtis)

US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed.

"I'll demand that interest rates drop immediately," he told the World Economic Forum in Davos, Switzerland, in a virtual address. "Likewise, they should be dropping all over the world. Interest rates should follow us all over."

The US Federal Reserve has a dual mandate from Congress to act independently to keep inflation and employment in check, primarily by raising and lowering the level of short-term interest rates, according to AFP.

As US president, Trump does not have a say over interest rate decisions, a fact that he has frequently criticized.

Trump told reporters in Washington later on Thursday that he would like to see interest rates come down "a lot," adding that lower oil prices should help them to fall.

"When the oil comes down, it'll bring down prices, he said. "Then you won't have inflation, and then the interest rates will come down."

Asked what he would do if the Fed did not lower interest rates, Trump said he would "put in a strong statement" and expected officials to listen to his views, adding that he would consider talking to Fed chair Jerome Powell if needed.

"I think I know interest rates much better than they do," he said. "And I think I know certainly much better than the one who's primarily in charge of making that decision."

"I'm guided by them very much, " he added. "But if I disagree, I will let it be known."