Stock Markets
EU moves closer to new Russia sanctions as Navalny widow pins blame on Putin
© Reuters. FILE PHOTO: Russian opposition leader Alexei Navalny and his wife Yulia attend a meeting to uphold his bid for presidential candidate, in Moscow, Russia December 24, 2017. REUTERS/Maxim Shemetov
By Gabriela Baczynska
BRUSSELS (Reuters) – The European Union on Monday moved closer to new sanctions against Moscow over its war on Ukraine, as Yulia Navalnaya, the widow of Russia’s top opposition leader who died in prison last week, said President Vladimir Putin must be held accountable.
Germany, Lithuania and Sweden were among EU countries calling for specific new penalties against Russia over the death of Alexei Navalny in a remote penal colony in Russia’s Arctic.
That came during a meeting of the 27 EU foreign ministers, which had been scheduled before Navalny’s death, to discuss a package of fresh penalties to mark two years since Russia’s unleashed a full-scale invasion of Ukraine on Feb. 24.
Hungary, the last EU country needed to pass the proposed new restrictions against nearly 200 more firms and people deemed involved in the war, said it would not stall the bloc’s 13th package of Russia sanctions since Moscow invaded Ukraine.
The EU’s top diplomat suggested that Russian prison officials linked to Navalny’s death could be added to the list of those subjected to asset freezes and travel bans.
There was no immediate word of any more hard-hitting measures that could target Russia’s broader economy and an EU diplomat said so far it seemed any specific new sanctions related to Navalny’s death would be “symbolic” and come later.
“The EU will spare no efforts to hold Russia’s political leadership and authorities to account, in close coordination with our partners; and impose further costs for their actions, including through sanctions,” EU foreign ministers said in a joint statement after their meeting with Navalnaya in Brussels.
They said Putin and Russian authorities held the ultimate responsibility for the death of Navalny and called for “an independent and transparent international investigation”.
German Foreign Minister Annalena Baerbock said she hoped the 27-nation EU would agree on the package of sanctions soon. EU officials say that could happen on Wednesday.
“We have seen the brutal force with which the Russian president represses his own citizens who take to the streets to demonstrate for freedom or write about it in newspapers,” she said. “We will propose new sanctions in light of the death of Alexei Navalny.”
The bloc’s top diplomat said he expected EU countries to seek targeted sanctions against certain Russian officials over the death of the 47-year-old former lawyer who built his profile on fighting state corruption in Russia.
“(EU) member states will propose sanctions for sure against those responsible,” said the bloc’s foreign policy chief Josep Borrell who chaired Monday’s talks.
“We can go down the institutional structure of the penitentiary system in Russia,” he said indicating whom the bloc might sanction next for what he called “slow murder” of Navalny in Russian jails.
Navalny collapsed after a walk at the “Polar Wolf” penal colony last Friday, Russian authorities said, where he was serving a three-decade sentence following years of persecution that included poisoning with a nerve agent in Siberia in 2020.
His wife, who attended Monday’s meeting in Brussels, said separately she would continue her late husband’s fight, and called on supporters to hold Putin accountable and fight him with more determination than ever.
HUNGARY SAYS IT WON’T BLOCK SANCTIONS
Hungarian Foreign Minister Peter Szijjarto said that imposing more EU sanctions on Russia made no sense and would only hurt the bloc’s economy. But he added Budapest would not veto the package.
“There is no reason to veto it,” he said. “Although I think the EU is making a wrong decision.”
Hungarian Prime Minister Viktor Orban, who has said in the past that he is “proud” about his Russia contacts, has stalled previous rounds of sanctions, as well as EU agreements on financial assistance to Kyiv.
The EU says it has cut Russia trade by some 135 billion euros since the invasion through military, energy, aviation, transport and financial sanctions, among others.
While Orban is the leading critic of the EU’s support for Ukraine and sanctions against Russia, some others in the bloc have questioned whether trade cuts are effective since they have not forced Moscow to change tack.
Lithuania is among EU Russia hawks countering such view.
“If Ukraine falls… we will be next. Putin has no intention to stop, he wouldn’t be able to stop,” Foreign Minister Gabrielius Landsbergis said.
Stock Markets
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports
(Reuters) – Data analytics firm Palantir Technologies (NASDAQ:) and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday.
The consortium, which could announce agreements with other tech groups as early as January, is expected to include SpaceX, OpenAI, autonomous shipbuilder Saronic and artificial intelligence data group Scale AI, the newspaper said, citing several people with knowledge of the matter.
“We are working together to provide a new generation of defence contractors,” a person involved in developing the group told the newspaper.
The consortium will bring together the heft of some of Silicon Valley’s most valuable companies and will leverage their products to provide a more efficient way of supplying the U.S. government with cutting-edge defence and weapons capabilities, the newspaper added.
Palantir, Anduril, OpenAI, Scale AI and Saronic did not immediately respond to a Reuters request for comment. SpaceX could not be immediately reached for a comment.
Reuters reported earlier this month that President-elect Donald Trump’s planned U.S. government efficiency drive involving Elon Musk could lead to more joint projects between big defense contractors and smaller tech firms in areas such as artificial intelligence, drones and uncrewed submarines.
Musk, who was named as a co-leader of a government efficiency initiative in the incoming government, has indicated that Pentagon spending and priorities will be a target of the efficiency push, spreading anxiety at defense heavyweights such as Boeing (NYSE:) , Northrop Grumman (NYSE:) , Lockheed Martin (NYSE:) and General Dynamics (NYSE:) .
Musk and many small defense tech firms have been aligned in criticizing legacy defense programs like Lockheed Martin’s F-35 fighter jet while calling for mass production of cheaper AI-powered drones, missiles and submarines.
Such views have given major defense contractors more incentive to partner with emerging defense technology players in these areas.
Stock Markets
Weakened Iran could pursue nuclear weapon, White House’s Sullivan says
By Simon Lewis (JO:)
(Reuters) -The Biden administration is concerned that a weakened Iran could build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing President-elect Donald Trump’s team on the risk.
Iran has suffered setbacks to its regional influence after Israel’s assaults on its allies, Palestinian Hamas and Lebanon’s Hezbollah, followed by the fall of Iran-aligned Syrian President Bashar al-Assad.
Israeli strikes on Iranian facilities, including missile factories and air defenses, have reduced Tehran’s conventional military capabilities, Sullivan told CNN.
“It’s no wonder there are voices (in Iran) saying, ‘Hey, maybe we need to go for a nuclear weapon right now … Maybe we have to revisit our nuclear doctrine’,” Sullivan said.
Iran says its nuclear program is peaceful, but it has expanded uranium enrichment since Trump, in his 2017-2021 presidential term, pulled out of a deal between Tehran and world powers that put restrictions on Iran’s nuclear activity in exchange for sanctions relief.
Sullivan said that there was a risk that Iran might abandon its promise not to build nuclear weapons.
“It’s a risk we are trying to be vigilant about now. It’s a risk that I’m personally briefing the incoming team on,” Sullivan said, adding that he had also consulted with U.S. ally Israel.
Trump, who takes office on Jan. 20, could return to his hardline Iran policy by stepping up sanctions on Iran’s oil industry.
Sullivan said Trump would have an opportunity to pursue diplomacy with Tehran, given Iran’s “weakened state.”
“Maybe he can come around this time, with the situation Iran finds itself in, and actually deliver a nuclear deal that curbs Iran’s nuclear ambitions for the long term,” he said.
Stock Markets
Ukraine says Russian general deliberately targeted Reuters staff in August missile strike
(Reuters) -Ukraine’s security service has named a Russian general it suspects of ordering a missile strike on a hotel in eastern Ukraine in August and said he acted “with the motive of deliberately killing employees of” Reuters.
The Security Service of Ukraine (SBU) said in a statement on Friday that Colonel General Alexei Kim, a deputy chief of Russia’s General Staff, approved the strike that killed Reuters safety adviser Ryan Evans and wounded two of the agency’s journalists on Aug. 24.
In a statement posted on Telegram messenger the SBU said it was notifying Kim in absentia that he was an official suspect in its investigation into the strike on the Sapphire Hotel in Kramatorsk, a step in Ukrainian criminal proceedings that can later lead to charges.
In a separate, 15-page notice of suspicion, in which the SBU set out findings from its investigation, the agency said that the decision to fire the missile was made “with the motive of deliberately killing employees of the international news agency Reuters who were engaged in journalistic activities in Ukraine”.
The document, which was published on the website of the General Prosecutor’s Office on Friday, said that Kim had received intelligence that Reuters staff were staying in Kramatorsk. It added that Kim would have been “fully aware that the individuals were civilians and not participating in the armed conflict”.
The Russian defence ministry did not respond to a request for comment on the SBU’s findings and has not replied to previous questions about the attack. The Kremlin also did not respond to a request for comment. Kim did not reply to messages sent by Reuters to his mobile telephone seeking comment about the SBU’s statement and whether the strike deliberately targeted Reuters staff.
The SBU did not provide evidence to support its claims, nor say why Russia targeted Reuters. In response to questions from the news agency, the security agency declined to provide further details, saying its criminal investigation was still under way and it was therefore not able to disclose such information.
Reuters has not independently confirmed any of the SBU’s claims.
Reuters said on Friday: “We note the news today from the Ukrainian security services regarding the missile attack on August 24, 2024, on the Sapphire Hotel in Kramatorsk, a civilian target more than 20 km from Russian-occupied territory.”
“The strike had devastating consequences, killing our safety adviser, Ryan Evans, and injuring members of our editorial team. We continue to seek more information about the attack. It is critically important for journalists to be able to report freely and safely,” the statement said.
Reuters declined to comment further on the allegation that its staff were deliberately targeted.
The SBU statement said Kim had been named a suspect under two articles of the Ukrainian criminal code: waging an aggressive war and violating the laws and customs of war.
“It was Kim who signed the directive and gave the combat order to fire on the hotel, where only civilians were staying,” it said.
Evans, a 38-year-old former British soldier who had worked as a safety adviser for Reuters since 2022, was killed instantly in the strike.
The SBU statement gave some details about how the strike had occurred, according to its investigation.
“To carry out the attack, the Russian colonel general involved one of his subordinate missile forces units,” the Ukrainian agency said, adding that the strike was carried out with an Iskander-M ballistic missile.
The SBU did not identify the specific unit.
Ivan Lyubysh-Kirdey, a videographer for the news agency who was in a room across the corridor, was seriously wounded. Kyiv-based text correspondent Dan Peleschuk was also injured.
The remaining three members of the Reuters team escaped with minor cuts and scratches.
- Forex2 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies