U.S. Approves Potential Sale Of Rocket Launchers To Bahrain – Pentagon

WASHINGTON – The U.S. State Department has approved the potential sale to Bahrain of M270 Multiple Launch Rocket Systems Upgrade and related equipment for an estimated cost of $176 million, the Pentagon said on Thursday. The principal contractor will be Lockheed Martin Corp, the Pentagon’s Defense Security Cooperation Agency said in a news release.

Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

PARIS, France – Russia plans to switch its gas sales to ‘unfriendly’ countries to roubles, President Vladimir Putin said on Wednesday, responding to a freeze on Russia’s assets by foreign nations over events in Ukraine that he said had destroyed Moscow’s trust. European countries’ dependence on Russia gas and other exports has been thrown into … More Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

PARIS, France – – The Russian invasion of Ukraine could worsen the food crisis in the Middle East and North Africa, the U.S. – based Human Rights Watch (HRW) warned in a statement Monday. ‘Both Ukraine and Russia are leading exports of agricultural products to many Middle Eastern and North African countries, and disruptions related … More Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

PARIS, France – Twitter said Wednesday that its interventions against Russian state media have successfully limited the reach of that content, reducing it by 30% on the platform. The announcement follows Twitter’s effort late last month to curb users’ sharing of Russian state media content. At the time, Twitter said that users had been sharing … More Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

The White House Announced New Sanctions On Russian Oligarchs. Here’s Who Will Be Impacted

PARIS, France – The White House announced new sanctions on Russian oligarchs Thursday, in U.S. President Joe Biden’s latest attempt to squeeze Russian President Vladimir Putin as the invasion of Ukraine advances. The new list of individuals described as ‘Putin’s cronies and their family members’ will be cut off from the U.S. financial system, their … More The White House Announced New Sanctions On Russian Oligarchs. Here’s Who Will Be Impacted

Seven Russian Banks Removed From SWIFT

PARIS, France – Seven Russian banks have been removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging service that connects financial institutions around the world. In a statement Wednesday, SWIFT said ‘Diplomatic decisions taken by the European Union, in consultation with the United Kingdom, Canada and the United States, bring SWIFT into … More Seven Russian Banks Removed From SWIFT

Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

PARIS, France – A growing number of superyachts belonging to Russian tycoons have made their way to the Indian Ocean, cruising around the Maldives and Seychelles just as sanctions are imposed on their homeland following Vladimir Putin’s invasion of Ukraine. The four biggest luxury yachts in the Maldives right now are Russian – owned, according … More Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

PARIS, France – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S. – listed stocks as of December last year, up from $43 billion at the end of September, boosted by the increased value of electric can maker Lucid, it said in a U.S. regulatory filing. The fund’s Lucid holdings were valued … More SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

Saudi Arabia’s Jan Inflation Rate Up 1.2% Y/Y – Govt Data

PARIS, France – Saudi Arabia’s consumer price index rose 1.2.% in January from a year earlier, fuelled by higher transport prices, government data showed on Tuesday. Transport prices increased by 4.9%, mainly due to the rise in gasoline prices by 34.5%, the General Authority for Statistics said in a statement. ‘Transport prices were the main … More Saudi Arabia’s Jan Inflation Rate Up 1.2% Y/Y – Govt Data

Saudi Arabia Transfers Aramco Shares Worth $80 Bln To State Fund

PARIS, FRANCE – Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the Kingdom’s sovereign wealth fund, the government said on Sunday. The shares will bolster the Public Investment Fund’s (PIF) strong position and high credit ratings in the medium term, the crown prince said in … More Saudi Arabia Transfers Aramco Shares Worth $80 Bln To State Fund