Author: Steven Sahiounie

French energy giant EDF purchased 153 tons of enriched uranium from Russia last year France will not withdraw from a contract with Russian nuclear corporation Rosatom for reprocessing uranium, as doing so would be beneficial for Moscow, the French energy transition minister has claimed. Under the 2018 deal, regenerated uranium from France is delivered to Russia, where it is enriched and then sent back. The recycled uranium is used to run France’s nuclear power plants. Terminating the contract would generate higher compensation for the Russian government than merely continuing imports at a minimum level, Agnes Pannier-Runacher told the BFM Business…

The United States is racing against time to overcome the crisis of raising the public debt ceiling after it exceeded $31.4 trillion, amid warnings from the US Treasury Department. Raising the debt ceiling is a legislative maneuver that allows the US economy to continue paying its bills to its creditors and wages to its employees. The debt ceiling has been set so far at $31 trillion, which is a record for all sovereign debt in the world in absolute terms. The Republicans require agreement to raise the debt ceiling in return for budget cuts. For their part, the Democrats refused to…

Assistant Minister of Foreign Affairs and Expatriates Ayman Sousan affirmed that the Arab League summit to be held in Saudi Arabia is the beginning of a new phase of joint Arab action. “The meeting covered serious and transparent debates that dealt with draft resolutions on the agenda,” the Assistant Minister stated in a press release following the senior officials meeting held Tuesday in Jeddah. “There is a recognition of the need for Jeddah summit to be the threshold of a new phase of joint Arab action and to overcome the implications of the past,” Sousan said. He added that the…

The CFE Treaty was signed in 1990 and adapted in 1997 The State Duma, the lower house of Russia’s parliament, has passed a bill for the denunciation of the Treaty on Conventional Armed Forces in Europe (CFE). “[Russia’s] definitive withdrawal from the CFE Treaty and its denunciation fully correspond to the national interest of ensuring Russia’s security,” said Leonid Slutsky, chairman of the State Duma International Affairs Committee and leader of the Liberal Democratic Party of Russia (LDPR). State Duma Speaker Vyacheslav Volodin said that, in making the decision to formally denounce the CFE Treaty, the deputies (members of the…

The head of the Iranian Supreme Court submits a draft MoC to his Russian counterpart, possibly furthering the cooperation between Russia and Iran. The head of the Iranian Supreme Court, Ahmad Mortazavi Moghaddam, submitted Tuesday a draft Memorandum of Cooperation (MoC) to Russian Chief Justice Vyacheslav Lebedev during a meeting in the Russian capital of Moscow. The Iranian IRNA news agency reported that Mortazavi Moghaddam pointed out during the meeting the fact that the Iranian-Russian judiciary cooperation was expanding on par with other areas of bilateral partnership and offered a Memorandum of Cooperation to the Russian Supreme Court that went on to…

The United Kingdom will be supplying Kiev with custom-built long-range kamikaze drones announced earlier in the week. British long-range suicide drones, whose provision to Ukraine was announced earlier in the week, have been custom-built for supporting Kiev in the ongoing Ukraine war, The Telegraph reported Tuesday, citing sources in the British Ministry of Defense. The UK had announced that it was ready to supply the drones in question as Ukrainian President Volodymyr Zelensky was visiting the nation. The British newspaper revealed that London would send hundreds of the long-range attack drones, which have a range of over 200 kilometers, to Ukraine, complementing…

Instead of Burhan, Deputy Foreign Minister and Special Representative Dafallah Al-Haj Ali will be representing Sudan at the summit.  General Abdel Fattah Burhan, leader of the Sudanese military and acting leader of the Sudanese state, will reportedly not attend the Arab League summit scheduled in Jeddah Saudi Arabia, according to Sputnik. “The head of the Transitional Sovereignty Council of Sudan, Abdel Fattah Burhan, will not take part in the Arab League summit, which will be held in the Saudi Arabian city of Jeddah,” a Sudanese diplomatic source told Sputnik. Instead of Burhan, Deputy Foreign Minister and Special Representative Dafallah Al-Haj Ali will…

Bitcoin (BTC) has made a significant move in the market as it shattered the crucial $27,200 level. This breakout has sparked speculation among traders and investors about the future direction of Bitcoin’s price. One key indicator to watch in the coming days is the 50-day Exponential Moving Average (EMA), which has the potential to act as a support level and trigger a potential bounce-off. As Bitcoin continues its price action, market participants eagerly await further developments to assess the strength of the current bullish momentum. Paul Tudor Jones: Bitcoin in the US Faces “Real Problem” Billionaire hedge fund manager Paul Tudor…

On May 16, the European Union states gave the final nod to the world’s first comprehensive set of rules to regulate crypto assets, known as the Markets in Crypto-Assets (MiCA) regulation.  This decision is adding pressure on countries such as Britain and the United States to follow suit. The rules, expected to be implemented from 2024, require firms that want to issue, trade, and safeguard crypto assets, tokenized assets, and stablecoins in the 27-country bloc to obtain a license. Elisabeth Svantesson, finance minister for Sweden, which holds the EU presidency, said, “Recent events have confirmed the urgent need for imposing rules which will…

The Ethereum price has dipped by 0.5% in the past 24 hours, with its decline to $1,821 coming as the market as a whole falls by 1% today. ETH’s price means it has lost 1% in a week and 13% in the past month, although it remains up by 52% since the beginning of the year. These movements come just as Lido has rolled out withdrawals on its Ethereum staking platform, enabling users to take out their locked ETH and potentially sell it. Given that around 6.6 million ETH is staked via Lido, this could result in a massive glut of…