SANCTIONS MONITORING
Delhi govt to set up control room to monitor city's waterlogging situation after heavy rain
Bharadwaj said a round-the-clock control room is being set up at the PWD headquarters where senior officials will be present to monitor the waterlogging situation. Delhi government has started WhatsApp chatbot number 8130188222 and helpline number 1800110093 to register waterlogging complaints, he added.
Russia and North Korea sign partnership deal that appears to be the strongest since the Cold War
Russian President Vladimir Putin and North Korean leader Kim Jong Un signed an agreement pledging mutual aid against "aggression," signaling stronger ties amid their standoffs with the West. The summit marked Putin's first visit to North Korea in 24 years and raised concerns over potential arms deals for Russia's war in Ukraine. The agreement enhances security, trade, and cultural ties. U.S. and South Korean officials expressed alarm, and Putin’s subsequent visit to Vietnam underscores Russia’s efforts to bolster alliances amid global tensions.
Putin says Russia and North Korea have vowed to aid each other if attacked in new partnership deal
Putin's first visit to North Korea in 24 years comes amid growing concerns over an arms arrangement in which the country provides Moscow with badly needed munitions for its war in Ukraine in exchange for economic assistance and technology transfers that could enhance the threat posed by Kim's nuclear weapons and missile program.
Before his summit with North Korea's Kim Jong Un, Vladimir Putin vows they'll beat sanctions together
Russian President Vladimir Putin expressed gratitude to North Korea for supporting his actions in Ukraine and pledged close cooperation to overcome US-led sanctions. Ahead of his two-day summit with North Korean leader Kim Jong Un, Putin highlighted their mutual opposition to Western ambitions and plans to develop independent trade and payment systems. Putin’s visit marks his first to North Korea in 24 years and underscores growing military and economic ties. US and South Korean officials have accused North Korea of supplying Russia with military aid for the Ukraine conflict, which both countries deny.
New Zealand will increase its military contribution to N. Korea sanctions monitoring
New Zealand will enhance its contribution to North Korea sanctions monitoring based in Japan, Prime Minister Christopher Luxon announced on Tuesday. The government will deploy New Zealand Defence Force ships for the first time and increase aircraft deployments until September 2026. This decision underscores New Zealand's commitment to collective security in the Indo-Pacific region. Despite facing challenges like high attrition rates and aging equipment, New Zealand aims to boost military spending, with a new Defence Capability Report set for approval later this year, according to Defence Minister Judith Collins.
SOPs for faster sanction of loans, insurance in works
The Centre is collaborating with financial institutions to create a common application form and SOPs for faster sanction of financial services like loan disbursals and insurance under key schemes.
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Russia boosts oil revenues as shipping and trading network grows
Russian oil exporters are selling oil to India at higher prices than at any time since the start of the Ukraine war, as more shippers and traders participate in the trade, weakening the impact of Western sanctions. The exporters have had to offer deep discounts to encourage shipping companies to move their crude since the invasion of Ukraine. Despite this, deals struck this month for Urals oil delivery to Indian refiners are at discounts of $3 to $3.50 per barrel to the global Brent crude benchmark, the narrowest since 2023.
G7 urges N.Korea, Russia to 'cease unlawful arms transfers'
G7 foreign ministers expressed grave concern over increasing cooperation between Russia and North Korea, especially regarding arms transfers from Pyongyang to Moscow for potential use in attacking Ukraine. They called for the cessation of these unlawful transfers and emphasized the importance of holding both countries accountable. Recent sanctions by their governments aim to impose costs on entities involved in these transfers. The ministers condemned the use of such arms in striking Ukraine's critical infrastructure, prolonging the suffering of the Ukrainian people.
Indian weapons falling into wrong hands? Defence Ministry tightens monitoring
The defence ministry is enhancing monitoring of defence equipment production and requiring companies to adhere to end-user certification rules for exports. The sector has seen a surge in arms and weapons production, particularly in response to the Ukraine-Russia crisis.
South Korea imposes sanctions on North Koreans, two Russian vessels
On Friday, South Korea imposed sanctions on seven North Korean individuals and two Russian vessels for violating U.N. Security Council resolutions through weapons trade and related activities between Pyongyang and Moscow. The vessels transported military supplies, while the sanctioned individuals facilitated arms negotiations and supported North Korea's nuclear and missile programs. Accusations of North Korea supplying weapons to Russia for the Ukraine war have been denied by both countries. Russia condemned the sanctions and vowed to respond.
Ebrahim Raisi, a hardline leader who brought Iran closer to China
Before news of Iranian President Ibrahim Raisi’s death emerged, China expressed "deep concern" on Monday after his helicopter went missing. Given China's significant trade ties with Iran and its role as a major buyer of Iranian oil, its concern appears justified. China stated it would closely monitor the situation and offer support to rescue operations. Raisi's efforts to strengthen Iran-China relations included a visit to Beijing last year, marking the first such visit by an Iranian president in two decades.
To AI or not to AI? Why artificial intelligence deciding your loan application makes regulators nervous
AI & ML are now ubiquitous in banks and financial institutions as it helps the companies improve credit assessment and reduce frauds. Though these models have some risks — and the regulators are rightfully concerned — the good news is these can be resolved without much trouble.
China says its military took necessary steps to warn Australia in jet incident
China stated that its military took measures to warn and alert an Australian aircraft after Australia accused a Chinese fighter jet of endangering one of its military helicopters in an "unsafe" confrontation over the Yellow Sea. The incident occurred during an operation to enforce sanctions against North Korea and could strain the nations' attempts to mend ties after tensions in 2020 over COVID-19 origins. Australia demanded an explanation from China and made strong representations, while China urged Australia to stop provocations and hype to prevent misunderstandings.
Australian PM Albanese says China military air incident unacceptable
Australian Prime Minister Anthony Albanese criticized Beijing's actions as "unacceptable" after a Chinese fighter jet reportedly fired flares near an Australian navy helicopter in the Yellow Sea. The helicopter was enforcing UN sanctions on North Korea when the incident occurred. Canberra has expressed its concerns to China through diplomatic channels, but Beijing has yet to respond. This incident adds to existing tensions, especially regarding security, as Australia strengthens ties with the US to counter China's influence in the region.
How Western sanctions are strangling Vladimir Putin’s Arctic gas ambitions
Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions. Moscow wants to expand LNG output three-fold by 2030, adding at least $35 billion in annual revenue.
Stablecoin Tether steps up monitoring in bid to combat illicit finance
Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.
Stablecoin Tether steps up monitoring in bid to combat illicit finance
Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.
China harbors ship tied to North Korea-Russia arms transfers, satellite images show
Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese shipyard in eastern Zhejiang province since February.
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
The Biden administration has announced the reinstatement of oil sanctions on Venezuela, citing President Nicolas Maduro's efforts to solidify his power. This move comes just six months after the U.S. had eased restrictions in hopes of promoting democratic reforms in the OPEC nation. A senior U.S. official revealed that American companies operating in Venezuela will have 45 days to wrap up their operations to prevent disruptions in global energy markets.
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions
Russian copper producer RCC and Chinese firms bypass Western sanctions by trading new copper wire rod disguised as scrap, evading taxes and tariff differences. The scheme involves shredding the rod in China's Xinjiang region, creating discrepancies in customs data.
After veto, Russia says big powers need to stop 'strangling' North Korea
Russia vetoed the annual renewal of a panel of experts monitoring enforcement of longstanding United Nations sanctions against North Korea over its nuclear weapons and ballistic missile programmes.
Road ministry issues SOP for digitising sanction of projects across India
The ministry of road transport and highways has made it mandatory to sanction all road projects digitally by NHAI, BRO, NHIDCL and state governments with effect from April 1, 2024. This, it says, will help in a paperless, informative, transparent and accountable sanction process.
S. Korea slams 'irresponsible' Russian veto ending UN N. Korea sanctions monitoring
South Korea "clearly points out that the Russian Federation, despite its status as a permanent member of the UN Security Council, has made an irresponsible decision", Seoul's foreign ministry said in a statement.
US prosecutors in Binance case urge judge to accept plea
The crypto trading company pleaded guilty late last year to anti-money laundering and sanctions violations and agreed to pay $4.3 billion in penalties. In a sentencing memo filed on Friday in federal court in Seattle, US prosecutors urged a federal judge to accept the plea deal.
North Korea's AI development raises sanctions concerns, report says
North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study.
How the Premier League table looks like after Everton's biggest sporting sanction
The Premier League has proposed an unparalleled 10-point deduction for Everton, exceeding the previous highest penalty of nine points. This development arises as Premier League clubs are permitted to accumulate a maximum loss of £105 million over a three-year period, a limit that Everton has surpassed, resulting in the significant deduction.
Huawei reports its revenue inched higher in January-September despite US sanctions
The Shenzhen-headquartered firm said Friday that it generated 456.6 billion yuan ($62.4 billion) in revenue for the first nine months of the year, an increase of 2.4% compared to the same period last year.
Over 60,000 houses approved for construction under Pradhan Mantri Awas Yojana (Urban)
Secretary, MoHUA also discussed the issues pertaining to grounding and construction of houses in different States under different verticals of PMAY(U). He reviewed the pace of completion of houses in the States and directed the officials to expedite the process and meanwhile also evaluate the beneficiary allotment and completion of Affordable Housing in Partnership (AHP) projects in their respective areas.
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