Sanctions on Russia have forced countries to shift to other currencies, the billionaire says
The United States has “overplayed” its hand in “weaponizing” the dollar with sanctions, pushing more countries around the world to slash transactions using the currency, Elon Mask has warned.
“You're now seeing a lot of countries de-dollar their transactions because we’ve forced it. And this goes beyond even Russia, China, and Iran,” the owner of X (formerly Twitter) said during a Twitter Spaces session hosted by American entrepreneur David Sachs on Monday.
Musk highlighted a shift to trade in national currencies, especially among the BRICS nations, adding that it was not a choice made by these countries, but rather a necessity forced upon them by Ukraine-related Western sanctions against Moscow.
“Countries like Brazil or India still want to transact with Russia. They can’t do it with dollars, so we've forced them to de-dollarize their transactions, thus weakening the strength of the dollar in the world,” he explained.
The weaponization of the greenback has pushed many nations to look for alternatives, after sanctions effectively cut Russia off from the Western financial system.....more here
https://www.rt.com/business/585713-musk-dollar-weaponization-russia/
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
