As a result of the latest summit of the G7 countries in Hiroshima, the US, Canada, the UK and the EU adopted yet another, 11th to be precise, package of anti-Russian sanctions. The package includes more than 90 companies from all over the world, which, according to Brussels, allegedly violated the restrictive measures and continue supplying Russia with sanctioned goods (including companies in Armenia, Iran, UAE, Syria and others). At the same time, eight out of these 90 companies operate in China.
In this regard, the President of the European Commission, Ursula von der Leyen, in an interview with the German TV channel ZDF, referring to China (whose companies were sanctioned for the first time since the beginning of the Russian-Ukrainian military and political crisis), emphasized the need to find an alternative to the Chinese megaproject One Belt, One Road.
As you know, given the leap in the Chinese economy at the beginning of the 21st century, Chinese President Xi Jinping first proposed in 2013 a global international project One Belt, One Road as a kind of revival of the historical Silk Road. The essence of Beijing’s initiative is to intensify multilateral trade and investment projects with the participation of more countries and the use of Chinese and foreign capital. For the past 10 years, 152 countries and more than 30 international organizations have joined this project.
Naturally, such initiatives are not born out of nothing and pursue the far-reaching strategic interests of the initiating country. Accordingly, the dynamics of economic development (first of all, modern high-tech industrial production) and high demography of China have created objective conditions for the export of Chinese goods to world markets, GDP growth, strengthening of the national currency yuan and systematic access to new markets and regions (countries).
Taking into account geographical distances and objective need in modernization of logistics (especially land trade communications – roads and railroads), and also taking into account high financial opportunities of the European market China works on new projects on development of multilateral (first of all, trade and investment) relations with different countries to form diverse and alternative trade communications within the One Belt, One Road initiative.
Among such alternative international routes to the west, China has already developed three options:
1) the “Russian corridor,” that is, through the territory of Russia and on to Europe (but now, for obvious reasons of the West’s anti-Russian sanctions regime, this route toward the EU countries may be temporarily suspended);
2) “the middle corridor” (conditionally also called “the Turanian corridor,” because its main beneficiaries are mainly the Turkic world or the members of the Organization of Turkic States), involving a line through Pakistan, the post-Soviet Central Asian countries, the Caspian Sea, Azerbaijan, Georgia (possibly the Armenian Zangezur Corridor), Turkey and the EU;
3) “Iranian-Turkish corridor,” including post-Soviet Central Asian countries, Iran, Turkey and the EU.......more below
Nvidia would be barred from shipping advanced artificial intelligence chips to China under bipartisan legislation unveiled Thursday, Bloomberg reported. A Chinese expert said the move is shortsighted, noting that tightening restrictions despite domestic industry opposition will only accelerate China’s tech innovation and further diminish Nvidia’s chances of reentering the Chinese market.
Known as the Secure and Feasible Exports Act, the bill would order the US Commerce Department to halt export licenses for sales of chips to adversaries, including China and Russia for at least 30 months. Any processors more powerful than those already approved for export to those nations would be subject to the measure, the Bloomberg report said.
The legislation comes as the White House weighs whether to allow Nvidia to export the....more below
A high-ranking ICC official, Nicolas Herrera, secretly financed the sanctioned UPC armed group in the Central African Republic, according to court materials obtained by Sputnik.
Nicolas Herrera, a high-ranking official in the Registry Office of the International Criminal Court (ICC), secretly recruited and financed the Union for Peace (UPC) in the Central African Republic (CAR) armed group, led by local warlord Ali Darassa, to capture ICC target Joseph Kony, by using US-based NGO employee Joseph Martin Figueira as a covert intermediary, thereby violating the ICC’s financial accountability standards by funding an armed group, according to a Sputnik correspondent's analysis of public court records.
The conviction of Joseph Martin Figueira, a Belgian-Portuguese anthropologist found guilty of espionage and collaborating with militants in the Central African Republic (CAR) in November, has uncovered a complex financial trail linking ICC staff to the country’s armed militants, evidence ...
Hundreds of retired Israeli police officers have urged the regime’s president, Isaac Herzog, to reject Benjamin Netanyahu’s request for a pardon in corruption cases.
On November 30, Netanyahu, who faces charges of bribery, fraud, and breach of public trust in three separate cases, submitted a formal pardon request to the office of Herzog, claiming the long-running corruption cases were tearing the regime apart.
In a letter to Herzog, about 400 former officers, including ex-commissioners and deputy commissioners, said Netanyahu’s request contains “not even a hint of admission of guilt,” making it unacceptable.
They warned that “such a step without [Netanyahu’s] confession and remorse is liable to ignite severe violence in Israeli society.”.....more below
