As a result of sanctions imposed by the United States and the United Kingdom, Rusal (MOEX: RUAL) may lose 1.5 million tons of exports, according to sources cited by Kommersant familiar with the company's analysis. This constitutes approximately one-third of the total export volume. The sanctions include a ban on the supply of Russian aluminum…
Argentina Keen on NATO “Global Partner” Status
Argentina's Defense Minister Luis Petri announced Argentina's request to join NATO as a global partner. Petri stated that he had given NATO Deputy Secretary General Mircea Geoană a letter of intent containing the aforementioned request from Buenos Aires. During the meeting, the Argentina's Defense Minister and the Deputy Secretary General of NATO exchanged views on…
Dual Effect of Sanctions on Russia
Over the two years since the onset of military escalation in Ukraine, Western countries have imposed a significant number of sanctions against Russia. However, their effectiveness is at least debatable. On one hand, Russia has successfully adapted to the new restrictions, evidenced by the growth of its economy. On the other hand, the costs of…
Russia to Establish Commission for «Compulsory Licensing»
Russia is set to establish a special commission tasked with issuing permissions for the use of foreign intellectual property without the consent of rights holders, reports RBC citing official documents. The necessity for such a mechanism arises from sanctions that have led many companies to cease official cooperation with Russia. The creation of a…
US Space Strategy Looks to Integrate DOD, Commercial Efforts
As part of the new Commercial Space Integration Strategy, the Pentagon expects to increase cooperation with the private sector. The ministry said in a statement that commercial companies are increasingly developing technologies and services that can contribute to strengthening national security. John F. Plumb, assistant secretary of defense for space policy presented the Commercial Space…
The UK to Strengthen the Nuclear Industry
British Prime Minister Rishi Sunak announced the intentions of the country's authorities to direct efforts towards the development of the nuclear industry in both the civil and defense segments. The authorities also intend to allocate additional funds to ensure deterrence. Rishi Sunak believes that domestic nuclear capability is vital for the national defense and energy…
Revenue of Russian Airlines Grow Despite Traffic Decline
The revenue of Russian airlines in 2023 increased by a third, reaching record levels despite a decline in passenger traffic to the level of 2017, according to an analytical report by ACRA. The main factors contributing to this growth are the increased ticket prices and a nearly 20% increase in the average flight distance over…
India Stopped Buying Premium Russian Oil
India has not bought Russian premium grade ESPO oil for two months, and has also reduced shipments of another Russian grade Sokol, Kommersant reports. India is the largest buyer of offshore oil shipments from Russia. The current cuts are related to the fear of secondary sanctions, as well as differences in calculations. According to…
The US have “Extended” its Military Presence in the Indo-Pacific Region
The U.S. Senate has allocated $7.1 billion to finance a the Compacts of Free Association (Cofa) — an agreement that provides the US with exclusive military access to Palau, the Marshall Islands and Micronesia in exchange for economic support for a period of 20 years. The Financial Times newspaper reported on the Senate's decision. The…
The EU Presents First Ever Defence Industrial Strategy
EU foreign policy chief Josep Borrell presented the first-ever European Defence Industrial Strategy. The strategy is designed to strengthen the European defense industry in modern realities. During the presentation, Borrell noted that the member states of the European Union (EU) have increased defense production by 50% since 2022. According to Borrel, the sharp increase in the…