G7 leaders seek deal to use interest from Russian assets for Ukraine

G7 leaders seek deal to use interest from Russian assets for Ukraine
President Joe Biden is among the participants at the G7 summit in Italy. (File/AP)
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Updated 13 June 2024
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G7 leaders seek deal to use interest from Russian assets for Ukraine

G7 leaders seek deal to use interest from Russian assets for Ukraine
  • The Middle East, migration and artificial intelligence are also on the packed agenda
  • For a second year running, Ukrainian President Volodymyr Zelensky will attend the summit, taking part in talks on Thursday

BARI: Group of Seven leaders will aim to boost funding for Ukraine in its war with Russia and offer a united face in confronting China’s political and economic ambitions at their annual summit in southern Italy on Thursday.
For a second year running, Ukrainian President Volodymyr Zelensky will attend the summit, taking part in talks on Thursday, and he is due to sign a new, long-term security accord with US President Joe Biden.
The G7 leaders look likely to announce they have agreed at least in principle on plans to issue $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after its invasion of Ukraine to back the multi-year debt package.
“I think we will have the major tentpoles of this decided, but some of the specifics left to be worked through by experts on a defined timetable,” White House National Security Adviser Jake Sullivan said of the discussions.
“I think we are on the verge of a good outcome here,” he added.
Officials acknowledge the plan is complex, with legal experts still having to thrash out the details that will need the backing of European nations, particularly Belgium, which is not in the G7.

Packed Agenda
With the Middle East, migration and artificial intelligence also on a packed agenda, the June 13-15 summit in the southern Italian region of Puglia would be taxing for leaders at the best of times, but most of them are also bowed down by their own domestic woes.
Only the host, Italian Prime Minister Giorgia Meloni, is riding high after triumphing in Italy’s European election last weekend, but achieving meaningful results in the luxury Borgo Egnazia hotel resort will be a tall order.
Biden’s goal at the G7 was to reinforce the idea that the United States is best served if it is closely aligned with its democratic allies and partners, Sullivan said, when asked about the prospects of it being the president’s last summit given he faces a re-election battle in November.
Underscoring US determination to punish Moscow for its 2022 invasion of Ukraine, Washington on Wednesday dramatically broadened sanctions on Moscow, including by targeting China-based companies selling semiconductors to Moscow.
By announcing new restrictions on Chinese firms on the eve of the G7 meeting, Biden is no doubt hoping to persuade Western allies to show greater resolve in confronting Beijing over its support for Russia and its industrial over-capacity.
Speaking ahead of the start of the summit, Sullivan said that China was a significant creditor to many heavily indebted countries.
“The G7 communique is not singling out or focusing on a single country,” he said, but added that China needed to play a constructive role in dealing with the debt burden.


EU to impose counter tariffs on $28 billion in US goods

EU to impose counter tariffs on $28 billion in US goods
Updated 19 sec ago
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EU to impose counter tariffs on $28 billion in US goods

EU to impose counter tariffs on $28 billion in US goods
  • The European Commission will also put forward a new package of countermeasures on US goods by mid-April
  • The proposed target products include industrial and agricultural products such as steel and aluminum, textiles
The European Union will impose counter tariffs on $28 billion (€26 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminum.
US President Donald Trump’s increased tariffs of 25 percent on all steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired.
The European Commission said it will end the current suspension of tariffs on US products on April 1 and will also put forward a new package of countermeasures on US goods by mid-April.
The suspended tariffs apply to products ranging from boats to bourbon to motorbikes, and the EU said it would now start a two-week consultation to pick other product categories.
The new measures will target around €18 billion in goods, with the overall objective to ensure that the total value of the EU measures corresponds to the increased value of trade impacted by the new US tariffs, the EU said.
The proposed target products include industrial and agricultural products, such as steel and aluminum, textiles, home appliances, plastics, poultry, beef, eggs, dairy, sugar and vegetables.
“Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April,” Ursula von der Leyen, the president of the European Commission, said in a statement.
“We are ready to engage in meaningful dialogue. I have entrusted Trade Commissioner Maros Sefcovic to resume his talks to explore better solutions with the US,” von der Leyen added.

Thailand sacks senior cop over illicit gambling, fraud

Thailand sacks senior cop over illicit gambling, fraud
Updated 11 min 5 sec ago
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Thailand sacks senior cop over illicit gambling, fraud

Thailand sacks senior cop over illicit gambling, fraud
  • Surachate Hakparn, who served as the kingdom’s deputy police chief, was formally dismissed on Tuesday
  • Widely known by his nickname ‘Big Joke,’ Surachate was snared in a series of raids in 2023

BANGKOK: Thailand has sacked one of its most high-profile police officers over his alleged involvement in illegal gambling and financial fraud.
Surachate Hakparn, who served as the kingdom’s deputy police chief, was formally dismissed on Tuesday, police said in a statement.
Surachate, widely known by his nickname “Big Joke,” was snared in a series of raids in 2023 targeting an illegal online gambling network dubbed “Betflix.”
He was charged with money laundering, which he has denied, and suspended from the force while an investigation was under way.
Thai police said on Tuesday his dismissal was in line with “disciplinary procedures for officers under investigation.”
Most forms of betting are illegal in Thailand, with authorities striving to shut down illicit gambling dens and websites, which are often foreign-owned.
Long-serving Surachate has been linked to powerful figures in the previous army-aligned government.
He was appointed by then-deputy prime minister Prawit Wongsuwan as chief of the Immigration Bureau in September 2018.
He disappeared in 2019 over unclear reasons, before then-prime minister Prayut Chan-o-Cha made him a special adviser on strategy to police in 2021.
Surachate has 30 days to appeal against his dismissal.
“He has the right to fight the case and appeal,” Aek Angsananont, a former deputy police chief and now a member of the national police committee, told public broadcaster Thai PBS.
Surachate’s sacking comes days after the death of ex-policeman Thitisan Utthanaphon, nicknamed “Joe Ferrari” for his taste in flash cars, who was serving life in jail for the murder of a suspect during a brutal interrogation.
Last month, Prime Minister Paetongtarn Shinawatra urged the Royal Thai police to step up efforts to combat human trafficking and drug-related crimes.


155 hostages freed, 27 militants killed in Pakistan train siege: security sources

155 hostages freed, 27 militants killed in Pakistan train siege: security sources
Updated 12 March 2025
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155 hostages freed, 27 militants killed in Pakistan train siege: security sources

155 hostages freed, 27 militants killed in Pakistan train siege: security sources
  • Security official says 27 militants killed, gunbattle ongoing while militants using women and children as human shields
  • Baloch Liberation Army group says holding 214 people hostage including military, paramilitary, police, intelligence officers

QUETTA/KARACHI: Pakistani security officials said on Tuesday 155 hostages had been freed after separatist militants hijacked a train carrying more than 400 passengers in Pakistan’s southwestern Balochistan province, with a gunbattle raging on hours after the assault began.
A low-level separatist insurgency in Balochistan is one of the chronic security problems undermining stability in Pakistan. The separatists accuse the government of stripping the province’s natural resources and leaving its people mired in poverty. They say security forces routinely abduct, torture and execute ethnic Baloch, accusations echoed by human rights campaigners. Government officials and security forces strongly deny violating human rights and say they are uplifting the province through development projects, including multi-billion-dollar schemes funded by China. Insurgents in the province also target civilians, especially Pakistanis from other ethnic groups who have settled in Balochistan.

The latest attack on the Quetta-Peshawar bound Jaffar Express occurred in Mushkaaf, an area in the mountainous Bolan range of Balochistan. The Baloch Liberation Army, the most prominent among separatist outfits operating in the province, accepted responsibility in a statement sent to the media and said it was holding 214 people hostage.
The Jaffar Express train was hijacked while it was en route to the northwestern city of Peshawar from the provincial capital of Quetta, carrying 425 passengers, according to Muhammad Kashif, a spokesman for Pakistan Railways Quetta Division.

“Security forces have safely rescued 104 passengers from the terrorists,” a security official with direct knowledge of the matter said, requesting anonymity and adding that the released people included 58 men, 31 women and 115 children.
He said troops had surrounded the militants and an exchange of fire was ongoing, with 16 insurgents killed.
“The complex operation is being carried out with utmost caution due to the use of women and children as shields and the difficult terrain,” the official added.

“RULES OF WAR”
Balochistan is Pakistan’s largest province by area, covering 347,190 square kilometers and constituting 44 percent of the country’s total landmass. However, the remote province bordering Afghanistan and Iran is the country’s most backward region in terms of nearly all social and economic indicators. There are no Internet and mobile services in nearly 60 percent of the province, according to independent monitors, and areas which have such services often see shutdowns and months-long disruptions due to security reasons.
Speaking to Arab News, Imran Hayat, the divisional superintendent of Pakistan Railways in Quetta, said the department was unable to gather too many details of the attack or communicate with staff aboard the train as militants had carried out the assault in a “no-signal zone.”
“We haven’t retrieved a single body or injured from the area yet due to the communication blackout,” he said.

The BLA said it had blown up the railway track and taken control of the train.
“Under the rules of war, these 214 hostages are considered prisoners of war and BLA is prepared for a prisoner exchange,” the group said. “The occupying state of Pakistan is given 48 hours to immediately and unconditionally release Baloch political prisoners, forcibly disappeared persons and national resistance activists.”

The group warned that the hostages included military, paramilitary, police and intelligence officers, who would be killed if the BLA’s demands were not met within the stipulated period “or if the occupying state attempts any military action during this time.”
The separatists have also recently attacked projects being developed as part of the $65-billion China-Pakistan Economic Corridor (CPEC), part of President Xi Jinping’s Belt and Road Initiative, in Balochistan. The program is also developing a deep-water port close to the new $200-million airport in Gwadar, a joint venture between Pakistan, Oman and China.


Al Shabab gunmen attack hotel in central Somalia, seven dead

Al Shabab gunmen attack hotel in central Somalia, seven dead
Updated 12 March 2025
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Al Shabab gunmen attack hotel in central Somalia, seven dead

Al Shabab gunmen attack hotel in central Somalia, seven dead
  • Hours after the initial attack, government forces were trying to flush out Al Shabab fighters, some of whom had been killed in nearby alleys, said Dahir Amin Jesow, a federal lawmaker from the town, the capital of Hiraan region

MOGADISHU: Al Shabab gunmen killed at least seven people in an attack on Tuesday at a hotel in a central Somali town where local elders and government officials were meeting to discuss how to act against the Islamist militant group, an elder said.
The Al-Qaeda-linked group claimed responsibility for the attack in Beledweyne and said it had killed over 10 people. The attackers forced their way in by setting off explosives at the entrance, said a witness, shopkeeper Ali Suleiman.
Al Shabab frequently launches bombings and gun attacks in the fragile Horn of Africa nation as it tries to topple the government and establish its own rule based on its strict interpretation of Islamic Sharia law.
“So far seven people, including clan elders and their guards, all of them my relatives, died in the hotel. Parts of the hotel are ablaze now and it is not clear if the operation is concluded or not,” clan elder Abdullahi Fidow told Reuters.
“Some say the fighters are still fighting in nearby buildings. The death toll may rise because of the blasts and shooting by the fighters,” he said.
Hours after the initial attack, government forces were trying to flush out Al Shabab fighters, some of whom had been killed in nearby alleys, said Dahir Amin Jesow, a federal lawmaker from the town, the capital of Hiraan region.
In a separate incident, at least 10 people, including eight Al Shabab fighters, were killed in fighting in a village in the Middle Shabelle region in southern Somalia, Ali Farah, a military officer in the village, told Reuters.
State-owned Somali National News Agency reported that President Hassan Sheikh Mohamud was at the airport in Mogadishu to receive the soldiers wounded in the fighting.


Trump administration still plans to eliminate consumer finance bureau, witness says

Trump administration still plans to eliminate consumer finance bureau, witness says
Updated 12 March 2025
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Trump administration still plans to eliminate consumer finance bureau, witness says

Trump administration still plans to eliminate consumer finance bureau, witness says
  • Trump has accused the agency of politicized enforcement and the CFPB has been reviled by conservatives and the financial services industry, which have accused it of overreach and overzealous enforcement actions

President Donald Trump’s administration still plans to fire all workers at the US Consumer Financial Protection Bureau, effectively neutralizing it, according to witness testimony delivered Tuesday.
The testimony runs counter to CFPB court filings, according to which the agency would continue to exist only in a “streamlined” form, as a judge has temporarily blocked it from continuing with mass dismissals.
However a witness, an agency official who testified Tuesday in a Washington courtroom under a pseudonym for fear of retaliation, said she was privy to conversations with the Office of Personnel Management this month at which officials were still discussing firing all agency workers.
“On the 4th, it was mostly about a cost estimate for the final phase” for firing any remaining workers after as many as 1,200 workers are dismissed, said the witness.
“This was last Tuesday?” asked Deepak Gupta, a lawyer representing an employee union, consumer advocates and others challenging the administration’s moves against the CFPB.
“Yes,” the witness answered, adding that she was unaware of any change in plans to wind down the CFPB entirely.
She appeared under the pseudonym “Alex Doe” and explained that she feared retaliation for providing her testimony.
Representatives for the CFPB and OPM did not immediately respond to requests for comment.
Unlike the government position taken in court papers, Trump and billionaire adviser Elon Musk have said the consumer financial watchdog should be eliminated. Trump has accused the agency of politicized enforcement and the CFPB has been reviled by conservatives and the financial services industry, which have accused it of overreach and overzealous enforcement actions.
Lawyers for the plaintiffs have said scrapping the agency in this manner defies the powers of Congress, which created the agency in 2010 and would be the sole authority able to abolish it.
Justice Department lawyers argue that Trump officials have acted within their authority and are working to comply with relevant laws.
The witness also said officials with Musk’s Department of Government Efficiency had pressured CFPB officials in mid-February to proceed more quickly in processing bulk notices of employee firings as a court hearing approached at which a judge could order a halt to the firings.
Lawyers representing the National Treasury Employees Union and others are seeking a court order directing the Trump administration to undo the actions it has taken so far in dismissing about 200 workers, placing remaining staff on leave and canceling service contracts, among other measures. A judge has yet to rule on the matter after two days of testimony.