the "fantastical and absurd" report...,

FinancialSense | Perhaps you've heard or read about the Maltese-flagged freighter named Arctic Sea, which recently disappeared in the Atlantic Ocean and was subsequently recovered after various contradictory reports. According to Filin, the Arctic Sea had been loaded with four X-55 cruise missiles while docked at the Baltic Sea port of Kaliningrad. The missiles were without warheads, as the warheads were shipped separately on another vessel . Filin alleges that the warheads were customized for carrying Soviet-produced biochemical material previously "shipped to Iran from Russia by air."

According to Filin, the contraband aboard the Arctic Sea was masked by timber loaded in Finland, and the ship's destination was Algeria, where representatives of the Iranian Revolutionary Guard were waiting to take delivery. Filin wrote: "Russian specialists would arrive in Iran within the near future, who would prepare the aviation system of Iranian Su-24 aircraft to use the X-55 in combat conditions and train representatives of the Iranian armed forces in the operational use of the system." The reason for the transfer of biochemical material to Iran, along with modified warheads and missiles, is to give Iran a counterstrike potential in the event of an Israeli strike against Iran's nuclear weapons facilities.

In this way Russia strengthens Iran while weakening the position of Israel and the United States. It goes without saying that Moscow envisions the destabilization of the Middle East and the disruption of its main centers of oil production and shipping. Should Iran unleash biochemical warheads against Israel, there would be a further escalation of violence with the result that oil prices would reach -- according to Filin -- $200-$300 per barrell. The consequences, of course, would be devastating for the oil-dependent Western economies, which are already suffering from widespread financial troubles.

On the Russian side, however, high oil prices would empower the Russian state while stabilizing the Iranian clerical regime under a defiant nationalist banner. Moscow also envisions the closing of the Strait of Hormuz, a massive mobilization of terrorists, and a fresh violence in Iraq. According to Filin, "Upon learning of the Arctic Sea and its cargo, a major Western state that favors a strategic partnership with Ukraine, was prepared to intercept the ship. But fearing this would cause a serious international scandal that would disrupt the 'reboot' of its relations with the Putin regime, the [aforesaid] state decided to act informally, which it did."

In other words, the pirates that siezed the Arctic Sea off the coast of Sweden were American special forces (disguised as Swedish police). This embarrassing episode, according to Filin, enraged the Kremlin which subsequently lashed out at the pro-American regime in Ukraine. For reasons unstated by Filin, the Kremlin believes that Ukraine was responsible for alerting the Americans about the Arctic Sea and its cargo. Consequently, Russian President Medvedev wrote a scathing open letter to Ukrainian President Yuschenko, calling his policies "deliberately anti-Russian." This resulted in heightened tensions between Russia and Ukraine.