Tag: Region Asias
United States Imposes Sanctions on Transnational Procurement Network Supporting Iran’s One-Way Attack UAV Program
Matthew Miller, Department Spokesperson
Today, the United States is designating a network linked to the U.S.-designated Iranian Revolutionary Guard Corps (IRGC). This network–comprised of five entities and two individuals based in Iran, the People’s Republic of China (PRC), Hong Kong, Türkiye, and the United Arab Emirates–has been procuring sensitive parts for Iran’s one-way attack unmanned aerial vehicle (UAV) program.
Iran is supplying Russia with arms, including Shahed-136 UAVs, to support Russia’s illegal war against Ukraine. One of the servomotors procured by the network designated today was recovered in the remnants of a Russia-operated Shahed-136 that was recently shot down in Ukraine.
The United States is determined to take actions against those supporting Russia’s war machine, particularly the provision of weapons that target Ukraine’s people and civil infrastructure.
For more information on today’s action, please see the Department of the Treasury’s press release .
UBS, Credit Suisse face growing probe over alleged Russian sanctions evasion
The US Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. What began as a series of subpoenas sent to a range of banks early this year has developed into a full-scale investigation focusing on Credit Suisse, said the people, who requested anonymity to speak about an ongoing inquiry. The DOJ has briefed US-based lawyers for…
Poland: Ukraine is drowning and therefore dangerous
Poland has escalated its rhetoric against Ukraine beyond a trade dispute over grain, with President Andrzej Duda comparing the war-torn country to a drowning person clinging to their rescuer and endangering their life. “Ukraine is behaving like a drowning person clinging to anything available,” Duda told Polish journalists in New York on Tuesday. “A drowning person is extremely dangerous, capable of pulling you down to the depths . . . simply drown the rescuer.” The president’s unflattering remarks came after Poland led a coalition…
This China trade war isn’t about semiconductors: Straits Times
BEIJING – In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the Covid-19 pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturisers and other personal care products. But cosmetics companies from France, Japan, South Korea and the United States, which have invested heavily in China, are missing out on a lot of the action. As…
Airbus Hacker Threatens to Sell US, Europe Military Intel on Dark Web
The hacker behind the recent attack on Airbus has warned that he will sell US and European military intelligence on the dark web. Known by the moniker “USDoD,” the hacker said he recently managed to enter the company’s website by exploiting employee access from Turkish Airlines. He also immediately posted the stolen data on a hacker forum. In a lengthy interview with databreaches.net, USDoD revealed that his next targets would be American defense contractors, NATO, Europol, and Interpol. He threatened…
911 call reveals bizarre circumstances of F-35 ejection
NORTH CHARLESTON, S.C. — A military pilot whose advanced fighter jet went temporarily missing over the weekend is heard repeatedly requesting an ambulance in a perplexing 911 call from the South Carolina home where he had parachuted to safety, according to an audio recording released Thursday to The Associated Press. The four-minute recording captures the bizarre circumstances for the three unidentified people involved: a North Charleston resident calmly explaining that a pilot just parachuted into his backyard, the pilot who doesn’t know…
Poland no longer sending arms to Ukraine, as trade dispute escalates
WARSAW, Poland (AP) — Poland’s prime minister said his country is no longer sending arms to Ukraine, a comment that appeared aimed at pressuring Kyiv and put Poland’s status as a major source of military equipment in doubt as a trade dispute between the neighboring states escalates. Prime Minister Mateusz Morawiecki said in an interview late on Wednesday that Poland is no longer transferring weapons to Ukraine. He made the comment as his populist party faces pressure from a…
Zelenskyy returns to Washington as GOP dissent grows to funding war
WASHINGTON (AP) — Ukrainian President Volodymyr Zelenskyy returned to Washington on Thursday for a whirlwind one-day visit, this time to face the Republicans now questioning the flow of American dollars that for 19 months has kept his troops in the fight against Russian forces. Zelenskyy arrived at the Capitol to talk privately with Republican and Democratic leaders of the House and Senate as the world is watching Western support for Kyiv. He will also meet with President Joe Biden…
400,000 calls made to Japanese Embassy in China over radioactive water
Over 400,000 nuisance calls in total have been made to the Japanese Embassy in Beijing since the release of treated radioactive water from the crippled Fukushima nuclear power plant into the sea began in late August, Japanese government sources said Tuesday. On the back of growing anti-Japan sentiment in China, the daily number of harassing calls received by the embassy peaked at more than 40,000 on Aug 25, a day after the ocean discharge started, and has stayed at around…
What we know about the Marine Corps F-35 crash in South Carolina
The crash of an F-35B Joint Strike Fighter aircraft in South Carolina over the weekend has raised numerous questions about what prompted the pilot to eject and how the $100 million warplane was able to keep flying pilotless for 60 miles before crashing. Here’s what is known about the modern warplane and its latest incident: ‘Forced to eject’ A U.S. Marine Corps pilot was flying a single-seat F-35B fighter jet on Sunday when the pilot experienced a malfunction and was “forced…
Florida: West Point sued over using race as an admissions factor
West Point was accused in a federal lawsuit Tuesday of improperly using race and ethnicity as factors in admissions by the same group behind the legal challenge that resulted in the U.S. Supreme Court striking down affirmative action in college admissions. Students for Fair Admissions claims the U.S. Military Academy sets benchmarks for how many Black, Hispanic and Asian cadets there should be in each class. The lawsuit filed in New York’s Southern District claims West Point is violating the Fifth Amendment…
NYT: Evidence Suggests Ukraine Carried Out Missile Strike on Ukrainian Market Which They Blamed Russia
Ukrainian forces carried out a missile strike on a market in eastern Ukraine and then falsely blamed Russia for the attack, according to analysis from the New York Times. From The New York Times, “Evidence Suggests Ukrainian Missile Caused Market Tragedy”: The Sept. 6 missile strike on Kostiantynivka in eastern Ukraine was one of the deadliest in the country in months, killing at least 15 civilians and injuring more than 30 others. The weapon’s payload of metal fragments struck a…
BAE to Explore Heavy-Lift Civilian Hybrid Airship for Military Role
BAE Systems and Hybrid Air Vehicles have agreed to jointly explore a long-range hybrid airship system for security and defense applications. Hybrid’s Airlander 10 will be trialed for new ways of communication and intelligence gathering, according to BAE. It is an “alternative sustainable and cost-effective solution to air logistics and intelligence surveillance and reconnaissance capabilities,” according to Hybrid. It complements “today’s networks of air, space, and surface systems.” Heavy-Lift, High-Endurance Aircraft The Airlander 10 can stay airborne for up to…
European council and UK government announce new Russia sanctions
On 15 March 2022, the European Council introduced a fourth package of sanctions against Russia. The move follows an informal meeting attended by EU heads of state and government on 10-11 March. The sanctions target entities and individuals. Measures include: Bans on: Transactions with certain state-owned companies which are already subject to refinancing restrictions Providing credit rating services (and access to any subscription services in relation to credit rating activities) New investments in the Russian energy sector Subjecting a greater number…
Ramifications under trade credit & political risk insurance policies for insured’s decision to voluntarily cease business operations within a country
The ongoing imposition of sanctions against Russia arising from the attack upon Ukraine creates a number of significant issues for insurers which have written trade credit and/or political risk insurance policies. Even where sanctions have not forbidden companies’ business in Russia, many companies have voluntarily chosen to withdraw from the Russian market, in whole or in part. Companies which have voluntarily decided to withdraw from Russia are finding that their Russian counterparties are deeming the voluntary withdrawal to be…