Protests in Georgia as poll commission confirms pro-Russia ruling party’s win – POLITICO

Protests in Georgia as poll commission confirms pro-Russia ruling party’s win – POLITICO

Many Georgians viewed the vote as a pivotal referendum on the country’s effort to join the EU. Granted candidate status last year, Georgia saw its EU accession process halted over the summer after ruling party Georgian Dream passed a slew of Russian-style legislation targeting Western-backed NGOs and cracking down on LGBTQ+ rights. EU foreign ministers will … Read more

EU to press China over drones for Russia, warns of ‘consequences’ – POLITICO

EU to press China over drones for Russia, warns of ‘consequences’ – POLITICO

“If we finally confirm there is a transfer of drones [from China to Russia], then that will have consequences,” added the official, who declined to spell out what those consequences could be. The comments, which come more than a month after Reuters first reported on the drone factory, hint at a hardening stance toward China … Read more

Iranian bank cards now active in Russia to evade sanctions

Iranian bank cards now active in Russia to evade sanctions

Iranian bank cards are now operational in Russia as the two nations link their banking systems to bypass international sanctions, Iranian state television announced Monday.   For more stories from The Media Line go to themedialine.org This arrangement allows Iranian cardholders to withdraw cash from ATMs in Russia and soon make in-store purchases, according … Read more

US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

US chip restrictions hinder AI ambitions of China’s top chip foundry, CEO says

The chief executive of China’s top foundry said on Friday that the company cannot take full advantage of surging demand for artificial intelligence (AI) chips because of US restrictions on advanced-node technologies. US sanctions have prevented the Shanghai-based foundry from importing advanced tools needed to upgrade its processing and narrow its technological gap with international … Read more

China tariffs on the table, Trump’s ex-Treasury chief says

China tariffs on the table, Trump’s ex-Treasury chief says

US President-elect Donald Trump is likely to return to the issue of tariffs in negotiations with China, as well as consider tax cuts and new sanctions, his former Treasury Secretary said in an interview on Thursday. “I think that tariffs do need to be used to get counterparties back to the table, especially China, which … Read more

Five Singapore-based firms sanctioned by the US for enabling Russia’s war effort

Five Singapore-based firms sanctioned by the US for enabling Russia’s war effort

UNILATERAL, BUT CARRY WEIGHT “Unlike United Nations’ sanctions, US sanctions are unilateral,” explained S Rajaratnam School of International Studies research fellow Muhammad Faizal Abdul Rahman. “But they carry significant weight as the US is the largest economy in the world by GDP (gross domestic product) and it is the global power that dominates the international … Read more

‘We Are in Touch with US Authorities to Clarify Issues’: MEA on Sanctions on Indian Entities

‘We Are in Touch with US Authorities to Clarify Issues’: MEA on Sanctions on Indian Entities

Last Updated:November 02, 2024, 16:22 IST MEA spokesperson Randhir Jaiswal says we are working with all relevant departments and agencies to sensitise Indian companies on applicable export control provisions. The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia’s military-industrial base. (US Embassy in India) In the … Read more

Sergey Lavrov to visit Malta next month, Russian media reports – POLITICO

Sergey Lavrov to visit Malta next month, Russian media reports – POLITICO

Russia’s foreign ministry spokeswoman Maria Zakharova confirmed that Lavrov intended to make the trip to Vedomosti, while Malta’s Embassy in Russia said invitations to the Dec. 5-6 meeting “will be sent to all OSCE delegations in due course.” The last time Lavrov visited an EU country was a trip to Stockholm for an OSCE gathering … Read more

Berlin closes Iranian consulates after Tehran executes German national – POLITICO

Berlin closes Iranian consulates after Tehran executes German national – POLITICO

The closure will affect 32 consular staff members, according to an official from the Foreign Office in Berlin, who said Germany last took such “drastic, but appropriate” measures after Russia’s full-scale invasion of Ukraine in 2022. The Iranian embassy in Berlin, however, will remain open, as will the German embassy in Tehran. According to the … Read more

Ukraine rails against decision to exclude Russia from anti-money laundering blacklist – POLITICO

Ukraine rails against decision to exclude Russia from anti-money laundering blacklist – POLITICO

Ukraine’s supporters say it’s proof that the body is “fractured” and unable to react to global crises. “Like all multilateral organizations in this day and age, the FATF is fractured in matters of geopolitics,” said Tom Keatinge, the director of the center for finance and security at the Royal United Services Institute. “If international bodies … Read more