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
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
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
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
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
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
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’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
He added: “I also want to congratulate the Georgian government on that while enforcing pro-European politics, you didn’t allow becoming a second Ukraine. We greatly value the PM’s devotion to this idea, and I’m confident Georgia will be well-suited to join the EU by the end of this decade.” Orbán was echoing Georgian Dream’s preelection … Read more
“Georgia is a conservative, Christian and pro-Europe state. Instead of useless lecturing, they need our support on their European path,” Orbán said in a post on X. Georgia’s EU membership application was frozen earlier this year amid warnings of backsliding on human rights and repression after Georgian Dream pushed through a divisive package of Russian-style … Read more
