EU leaders cut off a “huge source of financing” for Putin’s war machine

Published

4 years ago

May 31, 2022

EU leaders have finally clenched a deal on banning Russian oil imports, after facing strong opposition from Hungary

Under the agreement, two-thirds of all Russian oil imports will be blocked, cutting off a “huge source of financing” for Putin’s war machine.

The European Union’s chief believes this move will put maximum pressure on Russia to finally end its war.

All 27 member states had to agree on the partial ban, which forms part of a sixth package of sanctions against Moscow.

This comes as Ukrainian President Volodymyr Zelensky called for greater unity across the board, in a passionate plea to European leaders

Labelling the Union ‘too soft’, Zelensky says now is not the time to be seperate fragments.

The Ukrainian President was requesting a new set of sanctions against Russia, including a ban on Russian oil.

Recent internal quarrels within the EU’s top body has lead to the delay on any new action against Putin and his war machine.

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Trump blocks Emcore deal over Chinese takeover fears

Trump blocks HieFo’s acquisition of Emcore, citing national security risks linked to Chinese control of US tech.

Published

7 hours ago

January 5, 2026

Harvey Vargas

Trump blocks HieFo’s acquisition of Emcore, citing national security risks linked to Chinese control of US tech.

President Donald Trump has blocked the acquisition of US semiconductor company Emcore by HieFo Corp, citing serious national security concerns tied to Chinese control. The decision highlights growing scrutiny over foreign investment in sensitive American technology sectors.

The White House order stated that HieFo is controlled by a Chinese citizen and could pose a threat to US national security. Under the directive, HieFo must fully divest its interests in Emcore within 180 days, reversing the deal that had already taken the company private.

The US Treasury Department confirmed it identified a national security risk during its review. Emcore had previously disclosed that HieFo acquired its chips business for nearly $3 million, with the firm co-founded by a former Emcore executive and another individual with deep ties to the company.

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Teenagers among 40 killed in New Year’s Eve bar fire in Switzerland

Tragic New Year’s Eve bar fire in Switzerland kills 40, including teenagers, sparking international mourning and safety debates.

Published

7 hours ago

January 5, 2026

Harvey Vargas

Tragic New Year’s Eve bar fire in Switzerland kills 40, including teenagers, sparking international mourning and safety debates.

Several teenagers were among the 40 people killed in a devastating New Year’s Eve bar fire in Switzerland, turning celebrations into tragedy. Authorities say the blaze ripped through the venue within minutes, leaving dozens dead and many more injured.

Police have now identified 16 additional victims, including 10 Swiss nationals and others from multiple countries, underlining the international impact of the disaster. Families and communities across Europe are mourning those lost.

As investigations continue, many survivors remain in critical condition, with officials warning the death toll could still rise in the coming days. The tragedy has reignited debate over venue safety during large celebrations.

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Trump administration moves to install interim government in Venezuela after Maduro’s fall

U.S. plans interim government in Venezuela to stabilize economy and revive oil industry post-Maduro removal.

Published

7 hours ago

January 5, 2026

Harvey Vargas

U.S. plans interim government in Venezuela to stabilize economy and revive oil industry post-Maduro removal.

The Trump administration is working to establish an interim government in Venezuela following the removal of Nicolás Maduro, signalling a major shift in U.S. involvement in the region. Washington says the goal is to stabilise the country after years of economic collapse and political turmoil.

A key focus of the plan is rebuilding Venezuela’s oil industry, once among the world’s largest, as the U.S. looks to restore production and attract international investment. Officials argue that reviving energy output is essential to economic recovery and regional stability.

However, questions remain over how quickly a transition can be implemented and who will ultimately lead it. The White House has yet to outline the structure or timeline of the proposed government.

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#Venezuela #Trump #Maduro #USForeignPolicy #OilCrisis #RegimeChange #Geopolitics #TickerNews