The sanctions arm of the Ministry of Finance refers to the commercial bank Transkapitalbank, which operates in China and the Middle East. Transkapitalbank is a Russian private commercial bank that the U.S. says has helped its approved clients process dollar payments, by providing an alternative communication channel to SWIFT – the dominant system for global financial transactions.
The Treasury is also targeting people and companies led by US -appointed Russian oligarch Konstantin Malofeyev – the founder of Russian Orthodox news channel Tsargrad TV. Malofeyev was also appointed to sanctions in December 2014. The Treasury says he is one of the main sources of funding for Russia that promotes separatism in Crimea.
First, the U.S. government issued sanctions against cryptocurrency companies in connection with the war. Digital currency company Bitriver AG and 10 subsidiaries were included in Wednesday’s sanctions package from the Office of Foreign Financial Assets Supervision.
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India reported 2,380 new COVID19 cases today; The active case load is at 13,433
Russia now controls 80% of the Luhansk region
Governor Serhiy Haidai said Russia, which renewed its attacks this week in eastern and southern Ukraine, had intensified its attacks in the Luhansk region. After capturing Kreminna, Haidai said that Russia was now threatening the towns of Rubizhne and Popasna and he called on all residents to evacuate immediately. The Donetsk region, as well as parts of the Donbas, also experienced heavy fighting – especially around the port city of Mariupol.
Three soldiers were injured in a gunfight with militants in Baramulla
Three soldiers were injured in a meeting between security forces and militants in Jammu and Kashmir’s Baramulla districts in the early hours of Thursday, police said. Based on special input on the presence of militants in the Malwah region of Baramulla in northern Kashmir, security forces have launched a cordon-and-search operation there, police officials said.
The IMF urges India to make food security a priority
Applauding India for prioritizing public investment in its annual budget, the International Monetary Fund has urged countries to prioritize food security and expand transfers to the vulnerable in the wake of the global economic crisis triggered by the war in Ukraine. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters on Wednesday during a press conference held here on the eve of the IMF and World Bank’s annual spring meeting that the challenge came from the economic consequences of Russia’s invasion of Ukraine. they are “quite heavy”.
India-US defense ties ‘trusted’
Defense ties between India and the United States, the world’s largest and oldest democracy, have over the years become “reliable”, a former Pentagon official and now a senior Boeing executive. Heidi Grant, president, business development, defense, space and security, global services, told Boeing on Wednesday that Boeing’s investment in India’s aerospace infrastructure, defense capabilities, manufacturing, engineering and services, skill development and innovation will only continue to grow in the coming years. “In 2010, when I was the Air Force Secretary for International Affairs at the Pentagon, India-US defense relations just stopped and looked at where we are now. When I was asked about what I was most proud of during my many years at the Pentagon, I said yes. proud of my relationship with India, ”he said.
Global financial leaders discuss debt crisis
Sri Lanka’s experience of the bitter debt crisis has emerged as one of the main discussion topics among global financial leaders who have gathered here for the annual spring meeting of the International Monetary Fund and the World Bank, according to officials. The island nation experienced an unprecedented economic turmoil since independence from Britain in 1948. The crisis was caused by a shortage of foreign currency, which meant the country could not pay for staple food and fuel imports, leading to acute shortages and very high prices. The country is witnessing massive protests against the government handling a debt -ridden economy – the worst economic crisis in the country’s history.
The World Bank president welcomed India’s move to sell oil
World Bank President David Malpass has welcomed India’s move to start selling oil from stocks, stressing that the world needs to take important steps to address the current crisis. Speaking on the sidelines of the IMF and World Bank’s annual spring meeting held here, Malpass told reporters that allowing more trade and opening up markets was a “very important” step. “I am curious and welcome India’s move yesterday and today to start selling from the stockpile. I think market opening measures by many advanced economies can increase global supply and reduce some of its influence on poor countries,” he said on Wednesday.
Three were killed, including a police inspector, in a terror attack on the Pakistan KPK
Several unidentified assailants attacked a police post in Pakistan’s Khyber Pakhtunkhwa province on Wednesday, killing three people, including a police inspector, and injuring two others, officials said. The terrorists attacked the Ajab Talab police post in the Khyber tribal district, bordering Peshawar and Afghanistan. As a result he was shot dead by terrorists, a police inspector and two people over the dead.
Tesla Q1 earnings were seven times higher than last year
Tesla reported Wednesday that first -quarter net earnings were more than seven times more than a year ago, supported by strong sales despite a global supply chain and production cuts associated with the pandemic in China. The electric vehicle and solar panel company generated USD 3.32 billion from January to March. Excluding special items such as stock -based compensation, the Austin, Texas company, makes USD 3.22 per share. That soundly beat Wall Street’s estimate of USD 2.26 per share according to data provider FactSet. Revenue for the quarter was USD 18.76 billion, well above the USD 17.85 billion estimate. This was driven by a number of price increases intended to offset the rising cost of lithium, nickel, cobalt and other precious metals used to make batteries.
“India in a better place to face Ukraine crisis”
The successful macroeconomic management of the Covid-19 pandemic resulted in India’s strong economic recovery as the country is in a better position to face the current Ukrainian economic crisis, senior officials of the International Monetary Fund said. .
Observing that India represents about seven percent of the total world economy in terms of purchasing power parity (PPP) and is one of the fastest growing countries, IMF Head of Mission for India Nada Choueiri told PTI that India’s growth lifts the global economy and is crucial to a good global economy. “So, here you have an important contribution. Another important role that India is playing now is to provide vaccines,” he said on Wednesday. .
“Positive news of India’s high growth rate for the world”
The high growth rate for India, as reflected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world, said Kristalina Georgieva, Managing Director of the International Monetary Fund.
The IMF, earlier this week, projected a “fairly strong” growth of 8.2 percent for India in 2022, becoming the world’s fastest -growing major economy, almost twice as fast as China’s 4.4 percent. Global growth is projected at 3.6 percent in 2022, down from 6.1 percent in 2021.
BJP workers were shot dead in Ghazipur in east Delhi
A 42 -year -old BJP member was shot dead on Wednesday in the Ghazipur region of east Delhi, police said. The deceased, identified as Jeetu Choudhary, was the secretary of the BJP’s Mayur Vihar district unit, he said. According to police, the incident took place around 20.15 p.m. Ghazipur Police Station staff during a patrol saw a gathering near the Mayur Vihar area. When he got there, a man was found lying on the street in front of his house with gunshot wounds.