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Description: European leaders after the emergency summit in Brussels on 06 Mar instructed the Union’s executive body, the European Commission to free up around EUR 150 billion which would be used to rearm the 27 member states. The emergency security summit was called due to Trump’s decision to halt military and intelligence support for Ukraine and the general US preorientation in foreign policy towards Russia. The European Commission has estimated that the total amount of unlocked funds could be estimated at approximately EUR 650 billion, which would mostly be used for military and aerial equipment and training. The leaders also pledged further support for Ukraine’s military
Description: Elections in Germany have effectively divided the country in its pre–Cold War borders as the far – right AfD expectedly surged in popularity and won up to 20.8% of the votes in East Germany. Merz’ CDU/CSU won 28.6% of the votes and the most likely candidate for a coalition was the defeated SPD of Olaf Scholz. The former Chancellor has stated that after the election defeat, he would withdraw from the party’s higher echelons which could additionally benefit Merz in cohering with Scholz’ SPD. Germany is currently facing severe economic pressure as the economy is stagnating for more than 2 years, growing migration problems and foreign policy disorientation as it loo
Description: The US Treasury Department has announced the newly introduced wave of sanctions against Iran’s shadow fleet that mostly delved into transporting Iranian crude oil. The information suggested that up to 30 entities and individuals were sanctioned including executives from Iran’s state – owned National Iranian Oil Co. and the Iranian Oil Terminals Co. Brokers, and intermediary companies from China, the UAE (United Arab Emirates) and Hong Kong were also subjected to the wave of sanctions. The announcement represents the widened strategy of the Trump administration to curb Iranian crude oil exports to zero in an attempt to compromise Iran’s nuclear ambitions and disr
Description: French President Emmanuel Macron and US President Donald Trump met in the White House where they discussed recent developments regarding the Ukraine – Russia war and the dissolution of transatlantic relations between Europe and the US. Macron publicly suggested that France could spearhead Europe’s independent defense agenda as he said that his country could deploy French jet fighters armed with nuclear warheads as a deterrent against potential Russian aggression in the future. Donald Trump stated that peace agreement negotiations were progressing, and that Russia would agree on the deployment of peacekeeping contingents of European troops alongside its border wi
Description: UK Prime Minister (PM) Keir Starmer and UK’s Foreign Minister (FM) David Lammy have announced what has been deemed as the largest sanctions package against Russia to date. Several foreign nationals were introduced to the sanctioned lists which also included North Korea’s Defense Minister No Kwang Chol and a Kyrgyzstani bank called OJSC Keremet Bank. According to Starmer and Lammy’s statements, the sanctions package was in order to put additional pressure on the Russian economy which would ultimately force Russia to the negotiating table faster and subsequently enable Ukraine to lesser concessions than previously discussed. The sanctions package comes ahead of th
Description: European Union’s foreign ministers decided to suspend several sanctions against Syria in order to facilitate the country’s economic transition under the newly formed government. The EU would lift sanctions on main banking entities, air transport companies and entities in the energy industry. The lifting of sanctions would aim at assisting the current government led by HTS (Hayat Tahrir al – Sham) leader Ahmed Al – Sharaa to subdue the ongoing humanitarian crisis in the country and enable crucial departments to commence the reconstruction of the Syrian economy. European Commission’s Vice – President Kaja Kallas has stated that EU reserves the right to reimpose th
Description: US and Ukraine representatives have apparently reiterated on the rare earth mineral deal that could see US – based companies exploiting the untampered Ukrainian deposits of up to 17 rare earth metals critical for consumer-based industries. Previously, Ukrainian President Volodymir Zelenskyy has denounced the possibility of signing an agreement with the US that would indebt Ukraine for the next 10 generations as the Trump administration demanded up to $500 billion in material restitution for ongoing military support provided by the US. Speculation that the deal was back on the negotiating table was confirmed by Ukrainian deputy Prime Minister, Olha Stefanishyna o
Description: The United Nations General Assembly has rejected the resolution regarding the war in Ukraine proposed by the US which excluded language such as Russian aggression and invading forces. The resolution passed 93 – 18 with 65 abstentions one of which was the US. The vote only emphasizes the distinctive approach the US and EU have adopted towards the conflict and the current upending of transatlantic relations. UN has adopted the Ukrainian version of the resolution which stated that all illegally obtained territory by way of military aggression would not be recognized as valid and also stimulated the withdrawal of Russian and North Korean troops from Ukraine.
Description: Chinese e – commerce tech giant Alibaba has announced their intention to invest up to $53 billion in future AI and cloud development projects. The company has introduced a larger investment portfolio as its CEO Eddie Wu announced aggressive investments in the AI sector. The announcement comes after last week’s meeting between Chinese President Xi Jinping and tech giant owners in Beijing where enlarged cooperation between the Chinese government and its prominent companies was suggested. Alibaba would aim at countering tech giants such as OpenAI, Google and Apple as the China – US trade war unravels. ByteDance has also reportedly increased and established cooperat
Description: The Christian Democratic Union of Friedrich Merz has officially won the German elections with a 28.5% turnout and was authorized to form a coalition government. The poll predictions were accurate as second was the far – right AfD which would most likely end up in opposition as the party has been deemed to be radically far – right by the German BfV. The outlook for the future Merz government would be difficult to grasp as he faces difficult choices ahead and is expected to tackle crucial political and economic issues which his predecessor Olaf Scholz failed to address. Merz would most likely be Germany’s next chancellor however the jury was still out on what othe