Iran’s foreign minister holds high-level talks with Saudi crown prince
Iranian Foreign Minister Abbas Araghchi held high-level talks with Saudi Crown Prince Mohammed bin Salman (MBS) in Jeddah on Tuesday, marking the firs...
The UK has intensified economic pressure on Russia by announcing a new wave of sanctions. Prime Minister Keir Starmer announced 30 new measures which target key areas of Russia’s financial, military, and energy sectors, in response to President Volodymyr Putin’s ongoing war in Ukraine.
"Putin's persistent unwillingness to engage in meaningful peace efforts has strengthened the UK’s determination to tighten its economic grip on Russia," said in a statement released by UK's government.
“These sanctions strike right at the heart of Putin’s war machine, choking off his ability to continue his barbaric war in Ukraine. We know that our sanctions are hitting hard, so while Putin shows total disregard for peace, we will not hesitate to keep tightening the screws," - the statement stated.
“The threat posed by Russia cannot be underestimated, so I’m determined to take every step necessary to protect our national security and keep our country safe and secure,” added the Prime Minister.
The latest sanctions further tighten the squeeze on Putin’s shadow fleet, with 20 oil tankers now directly targeted.
The UK is also stepping up pressure on those facilitating Russia’s illicit oil trade, sanctioning Orion Star Group LLC and Valegro LLC-FZ for their involvement in staffing and managing these covert vessels.
"Today’s measures also strike at the heart of Russia’s military capabilities," targeting the GUGI — the military agency behind the development of underwater intelligence operations. The statement said that this move not only hampers Putin’s war machine but also strengthens the UK’s defences against potential threats to subsea infrastructure.
Additionally, two UK-based individuals, Vladimir Pristoupa and Olech Tkacz, have been sanctioned for operating a "shadowy network of shell companies" that funneled over $120 million worth of electronics — many classified as high-priority — to Russia, according to the UK's press release.
It adds that these UK residents, who own businesses on British soil, have played a critical role in "supplying advanced electronics essential to Putin’s military campaign."
The UK is making it clear: "there is no safe haven for enablers of aggression."
Foreign Secretary, David Lammy said that the UK also plans to move with partners to tighten the Oil Price Cap to hurt Russia’s oil revenues, while ensuring stability of the energy market.
"We are determined to hit Putin where it hurts by striking at his oil revenues – the single most important source of funding for his barbaric war," - he added.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
President Donald Trump’s postponement of a sweeping tariff deadline to 1 August has renewed hopes for trade deals with key partners, but left smaller exporters and businesses grappling with uncertainty.
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday.
Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the same as expected for the full year, the finance ministry said.
Norway has listed two Russian fishing companies, Norebo JSC and Murman Seafood, in line with European Union sanctions adopted on 20th May. The Norwegian government stated that the decision supports the country’s broader security policy objectives.
US President Donald Trump has declared a 25% tariff on imports from Japan and South Korea starting August 1, urging both nations to shift production to the US and warning of further tariff hikes if retaliatory measures are taken.
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