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Category: Business

  • MIL-OSI Europe: Press release – CBAM: Deal with Council to simplify EU carbon leakage instrument

    Source: European Parliament

    The changes to the EU carbon border adjustment mechanism (CBAM) are part of simplification efforts to reduce the administrative burden for SMEs and occasional importers.

    Parliament and Council today agreed on changes to the CBAM. These changes are part of the “Omnibus I” simplification package presented on 26 February 2025, which aims to simplify existing legislation in the fields of sustainability and investment.

    Co-legislators supported a new de minimis mass threshold whereby imports up to 50 tonnes per importer per year will not be subject to CBAM rules. It replaces the current threshold exempting goods of negligible value. The new threshold exempts the vast majority (90%) of importers − mainly small and medium-sized enterprises and individuals − who import only small quantities of CBAM goods. The climate ambition behind the mechanism remains unchanged, as 99% of total CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers will still be covered by the CBAM. The co-legislators included safeguards to ensure this figure and to prevent circumvention of the rules.

    Co-legislators also agreed on changes to simplify imports covered by the CBAM such as the authorisation process, the calculation of emissions and verification rules as well as the financial liability of authorised CBAM declarants, while strengthening anti-abuse provisions.

    Quote

    After the deal, rapporteur Antonio Decaro (S&D, IT) said: “The CBAM is designed to prevent carbon leakage and protect Europe’s cement, iron, steel, aluminium, fertiliser, electricity, and hydrogen industries. We have answered calls from companies to simplify and streamline the process and exempted 90% of importers of CBAM goods to facilitate competitiveness and growth for our businesses. As the CBAM will still cover 99% of total CO2 emissions, we have maintained the EU’s environmental ambitions and remain fully committed to a just transition and to achieve climate neutrality by 2050.”

    Next steps

    Today’s deal has still to be endorsed by both Parliament and Council. It will enter into force three days after publication in the EU Official Journal.

    Background

    The EU’s carbon border adjustment mechanism is the EU’s tool to equalise the price of carbon paid for EU products operating under the EU emissions trading system (ETS) with that of imported goods, and to encourage greater climate ambition in non-EU countries. In early 2026, the Commission will assess whether to extend the scope of the CBAM to other ETS sectors and how to help exporters of CBAM products at risk of carbon leakage.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: In-Depth Analysis – The silent hand of central banking: collateral framework – 18-06-2025

    Source: European Parliament

    In light of the upcoming review of the European Central Bank’s monetary policy strategy, this briefing highlights the strategic relevance of a frequently underestimated component of the central banking toolkit: the collateral framework. While it typically attracts less attention than interest rate decisions or balance sheet policies, the framework plays a key role in shaping liquidity conditions and influencing market incentives by setting the eligibility criteria and terms for assets used in central bank operations. This paper examines its significance, particularly with regard to green and sovereign bonds, and underscores its often-neglected political implications, along with the need for greater transparency and scrutiny.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Banking: Strengthening The Rules-Based Fiscal Framework in Papua New Guinea: Papua New Guinea

    Source: International Monetary Fund

    Preview Citation

    Format: Chicago

    Yue Zhou, and Bryn Welham. “Strengthening The Rules-Based Fiscal Framework in Papua New Guinea: Papua New Guinea”, Selected Issues Papers 2025, 084 (2025), accessed June 18, 2025, https://doi.org/10.5089/9798229012164.018

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    Summary

    Papua New Guinea’s public debt has increased significantly in recent years, leading to a high risk of debt distress and exposing significant gaps in the existing fiscal setting. This paper proposes to strengthen the authorities’ fiscal framework by introducing a clear public debt anchor and a primary balance rule. Specifically, we consider setting the medium-term debt anchor at between 30 and 40 percent of GDP to ensure that the debt limit of 60 percent is not breached under most scenarios, and using the primary balance as an operational policy instrument to facilitate the convergence of public debt to its anchor.

    Subject: Asset and liability management, Debt limits, Expenditure, Fiscal governance, Fiscal policy, Fiscal rules, Fiscal stance, Public debt

    Keywords: Debt anchor, Debt limits, Fiscal governance, Fiscal rule, Fiscal rules, Fiscal stance, Papua New Guinea, Public debt

    Publication Details

    MIL OSI Global Banks –

    June 19, 2025
  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend Mexico’s Equality Achievements in Political and Public Life, Raise Questions on the Judiciary’s Response to Gender Crimes and Gender-Based Violence in Schools

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the tenth periodic report of Mexico, with Committee Experts commending Mexico’s achievements in guaranteeing equality in political and public life, while raising questions on how the judiciary responded to gender crimes and how the State was tackling gender-based violence in schools.

    A Committee Expert said the Committee commended the State party’s achievements in guaranteeing equality in political and public life.  Reforms had been implemented towards preventing and eliminating gender discrimination.  This had resulted in a 43 per cent improvement in women’s public leadership positions.  The Committee lauded the 2019 constitutional reform, entitled “gender parity in everything”, which guaranteed political rights of women towards certifying gender parity for all candidates for elected political office, including municipalities with indigenous and Afro-Mexican populations. 

    An Expert asked what mechanisms the State had put in place to guarantee an effective, gender-sensitive judicial response?  Were there reparations available for victims of gender crimes?  What measures were being planned to ensure elected judges had knowledge to judge with a gender perspective?  Could statistics be provided on the fast-track and pretrial procedure, to illustrate how female victims had benefitted from these changes? Had the performances of judges who had been trained been assessed? 

     

    A Committee Expert said the Committee noted with concern the high school dropout rates due to pregnancy and violence.  The ongoing persistence and increase of violence against women and adolescents, at all educational levels, was also concerning, particularly high levels of sexual violence.  What measures had the State taken to guarantee education for pregnant teenagers and to prevent them from leaving school?  How was it ensured that comprehensive sexual education was provided at all levels and in all states?  Was there a plan to ensure the eradication of gender-based violence in schools?  What measures was the State taking to guarantee standardisation and the enforcement of penalties?

     

    The delegation said Mexico had special prosecution services in different bodies.  These ensured that the highest standards were used when investigating cases of femicide.  In cases of femicide, it was important to comply with standards relating to the crime.  Protocols had been standardised for the crimes of femicide.  The Tribunal of Judicial Discipline had been created to combat impunity.  The Women’s Secretariat was working with the Department of Prosecutions to create a network of female lawyers to provide advice and organise strategic lawsuits.

    The delegation said in 2024, Mexico significantly invested in the training of teachers, as part of the national strategy to deal with and prevent teenage pregnancy.  This also focused on keeping teenagers who were pregnant in school.  A programme called violence free schools supported people working in schools.  A protocol had been ratified to ensure the referral, channelling, follow-up and prevention of sexual violence in schools.  School dropout rates had fallen by 75 per cent for basic education, 26 per cent for secondary education, and 18 per cent in further education.  A national strategy was in place to prevent early pregnancy and there had been a 10 per cent drop in early pregnancy in Mexico over the past three years.   

    Introducing the report, Citlalli Hernández Mora, Secretary, Women’s Secretariat of Mexico and head of the delegation, said for decades, there had been a system of structural inequality which had intensified violence against women in Mexico. Legislative reforms by the President, which came into force in November 2024, established reinforced duties of the State to combat all types of violence against women, as well as the eradication of the gender wage gap.  The reforms also created the Women’s Secretariat, tasked with preventing violence against women, promoting a society of care, and reducing structural gaps. From 2019 to 2024, the gender pay gap was reduced by 29 per cent at the local level.

    In closing remarks, Ms. Hernández Mora commended the Committee for its work and the experts for their questions and comments.  The Committee’s recommendations were very important for the Government, and the dialogue had been an enriching experience.  Mexico was committed to changing the lives of all women in the country.

    In her closing remarks, Nahla Haidar, Committee Chair, thanked Mexico for the constructive dialogue which had provided further insight into the situation of women and girls in the country. 

    The delegation of Mexico was comprised of representatives of the Ministry of Foreign Affairs; the Ministry of Public Education; the Ministry of Health; the Secretariat of Women; the Mexican Social Security Institute; the Legislative Branch; the Judiciary; the National Institute of Statistics and Geography; the Electoral Tribunal of the Judicial Branch of the Federation; the National Electoral Institute; the National Council of Indigenous Peoples; and the Permanent Mission of Mexico to the United Nations Office at Geneva.

    The Committee on the Elimination of Discrimination against Women’s ninety-first session is being held from 16 June to 4 July.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Thursday, 19 June, to begin its consideration of the eighth periodic report of Thailand (CEDAW/C/THA/8).

    Report

    The Committee has before it the tenth periodic report of Mexico (CEDAW/C/MEX/10).

    Presentation of Report

    FRANCISCA E. MÉNDEZ ESCOBAR, Ambassador and Permanent Representative of Mexico to the United Nations Office at Geneva, said Mexico had hosted the First World Conference on Women in 1975 and was an active promoter of the Convention. Mexico was also involved in the creation of numerous mechanisms and groups, including United Nations Women. The State was committed to respecting, protecting, and promoting the human rights of women and girls in all their diversity.

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, said under the leadership of the first woman President of Mexico and as the State’s first Secretary for Women, she was pleased to lead the delegation. 

    For decades, there had been a system of structural inequality which had intensified violence against women in Mexico.  Legislative reforms by the President, which came into force in November 2024, established reinforced duties of the State to combat all types of violence against women, as well as the eradication of the gender wage gap.  The reforms also created the Women’s Secretariat, tasked with preventing violence against women, promoting a society of care, and reducing structural gaps. 

    In 2024, Mexico had 132.27 million inhabitants, of which 51.08 per cent were women; 9 per cent were indigenous women; 2 per cent were women with disabilities; and 1 per cent were Afro-Mexican women, requiring the State to build inclusive and intercultural policies.  The poorest person in Mexico was an indigenous girl with disabilities, which was why 45 billion dollars had been invested, allowing 3.5 million women to escape moderate poverty over the past six years. 

    From 2019 to 2024, the gender pay gap was reduced by 29 per cent at the local level.  The implementation of the New Mexican School System with a gender perspective had promoted actions to guarantee inclusive, egalitarian and quality education for children and young people in Mexico.  The first 12 of the 200 Education and Child Centres were being built, prioritising highly vulnerable areas such as the maquiladoras on the northern border.  The Pension Fund was launched this year for women between 60 and 64 years of age and had reached over 900,000 women. 

    The Women’s Secretariat had installed 678 LIBRE centres throughout the national territory, with an investment of almost 40 million dollars per year, which sought to offer comprehensive care, legal and psycho-emotional support to those who experience violence.  In March of this year, the Tejedoras de la Patria initiative was launched, which encompassed a national network of women protagonists to guide, lead and support their communities. 

    INGRID GÓMEZ, Undersecretary for the Right to a Life Free of Violence, Women’s Secretariat of Mexico, said femicide violence was one of the greatest challenges faced by the Mexican State.  The implementation of targeted territorial strategies, the strengthening of protection mechanisms for women at risk, and the improvement of victim care systems had resulted in a sustained downward trend in the incidence of femicides. During the first two months of 2025, there had been a decrease of 29.23 per cent reported cases compared to the same period in 2024.  This was the result of a coordinated institutional response, which included early warning of risk, strengthening and expanding the Women’s Justice Centres, specialised shelters, mobile units, and other protection measures. 

    Following the recommendation of the Committee, Mexico had made progress in the legislative harmonisation of the criminal category of femicide, which had been achieved in 28 of the 32 states.  The National Programme against Trafficking in Persons had been the backbone, promoting prevention, protection, prosecution and comprehensive care for victims.  The Office of the Special Prosecutor for the Investigation of Crimes in the Matter of Trafficking in Persons was created, which was a significant step. 

    JENNIFER FELLER, Director General of Human Rights and Democracy of the Ministry of Foreign Affairs of Mexico, said the Protection Mechanism for Human Rights Defenders and Journalists was a key tool to guarantee the safety and integrity of women human rights defenders and journalists.  As of April 2025, it had a total of 2,341 people, including female journalists, human rights defenders and their family members. 

    The Mexican State was sensitive to cases of disappearance of persons, including women. In 2019, the National Search Commission was created and, for the first time, a National Registry of Missing and Unlocated Persons was developed.  With the Attorney General’s Office and the State Prosecutors’ Offices, visits had been made to expert service institutions, temporary protection centres, cemeteries and shelters, to carry out human identification processes and interventions to recover remains deposited in mass graves.  The Mexican State continued with the search actions to locate all these people and had undertaken dialogue with almost 200 collectives of relatives of disappeared persons, with multiple Government institutions. 

    TERESA RAMOS ARREOLA, Head of the National Centre for Gender Equity, Sexual and Reproductive Health of Mexico, said 100 commitments had been made for the President’s six-year term, including the Care Programme from the first 1,000 days of life, which guaranteed access to women’s health services, especially reproductive health, bodily autonomy, and the prevention of gender violence.  In Mexico, contraception was free and 24 of the country’s 32 states had decriminalised abortion.  A technical note had been issued which outlined the obligation of the health sector to have available personnel and the necessary technical capacities to provide safe abortion services.

     

    YANETH DEL ROSARIO CRUZ GÓMEZ, Representative of Mexico’s National Council of Indigenous Peoples, said the reform of the second article of the Constitution, published in September 2024, should be celebrated.  It constituted a historic advance in the recognition of indigenous peoples as rights holders, with legal recognition and their own assets. However, the implementation of these rights was a challenge.  It was urgent for indigenous rights to be effectively implemented. 

    Indigenous and Afro-Mexican women were developing the general law on the rights of indigenous and Afro-Mexican peoples.  The resources allocated to indigenous peoples and communities, through the Contribution Fund for Social Infrastructure for Indigenous and Afro-Mexican Peoples, were welcomed. 

    MARTHA LUCÍA MICHER CAMARENA, Federal Senator and President of the Commission for Gender Equality of the Senate of the Republic, said in Mexico, they had a parity legislative power; there were 14 female governors in 32 states.  In December 2024, amendments were approved to various secondary laws, including the general law for equality between women and men; the general law on women’s access to a life free of violence; the National Code of Criminal Procedure; and the general law of the national public security system, among others.  Between 2021 and 2024, key legislative reforms were also adopted, including amendments to the Federal Penal Code and 22 local penal codes that now criminalised acid attacks, as well as other types of violence, within the criminal category of family violence. 

    MÓNICA SOTO, Presiding Magistrate of the Electoral Tribunal of the Judicial Branch of the Federation, said the Electoral Tribunal of the Judicial Branch of the Federation had issued rulings to seek balanced representation in the Government. In 2024, the first parity federal Congress was constituted, after 108 years as an independent Republic. Despite this, there were significant challenges, with only 28 per cent of municipal presidencies headed by women. In many cases, violations of their rights persisted. 

    Gender-based political violence against women continued to be a reality.  However, in a historical precedent in 2021, the Superior Chamber of the Court annulled the election results in Iliatenco, Guerrero for gender-based political violence against an indigenous woman.  Authorities had been trained, and guides and protocols had been issued for judgment with a gender perspective in electoral matters and, in May 2024, the Specialised Ombudsman’s Office for the Care of Women was created. 

    MARYCARMEN COLOR VARGAS, Director of Gender Equality of the Supreme Court of Justice of the Nation, said the Supreme Court of Justice had issued a protocol for judging with a gender perspective, which was updated in 2020.  To ensure its implementation, the Court and the Council of the Federal Judiciary had deployed a training strategy with case law notebooks, manuals, thematic notes, specialised works, and self-management courses. To date, 59 per cent of federal civil servants had completed mandatory training in gender and human rights.  The Comprehensive Inclusion Policy had been adopted, which increased the participation of women at the highest judicial levels from 20 per cent to 31 per cent. 

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, said Mexico reaffirmed at the highest level its commitment to this Committee, to peace, and to the fight against discrimination against women and girls in all their diversity.

    Questions by a Committee Expert

    YAMILA GONZÁLEZ FERRER, Committee Expert and Country Rapporteur, said Mexico was a great country which faced colossal challenges.  Mexico should be congratulated on electing its first female President in its history, and the Committee recognised the State’s decision to adopt a feminist foreign policy, as well as the 2024 constitutional reform that incorporated the right to substantive equality, a life free from violence, and decent care.  The Committee also welcomed the constitutionalisation of the National Care System, the ratification of International Labour Organization Convention 189 on domestic work, and the progressive decriminalisation of abortion in several states.

    However, there were several issues.  The National Council to prevent discrimination seemed to have been weakened and seemed to lack power to strengthen itself; what had been done to strengthen this institution?   What steps had been taken to put in place criminal legislation which provided legal certainty for women?  What measures had the State taken to strengthen the independence of the National Human Rights Commission?  What help had it provided to women searching for the disappeared?   

    What mechanisms did the State put in place to guarantee an effective, gender-sensitive judicial response?  Were there interpreters available in indigenous languages?  Were there reparations available for victims of gender crimes? What measures were being planned to ensure elected judges had knowledge to judge with a gender perspective? Could statistics be provided on the fast-track and pretrial procedure, to illustrate how female victims had benefitted from these changes?  Had the performances of judges who had been trained been assessed? 

    Responses by the Delegation

    The delegation said that since 2018, the country had been experiencing deep seated change, including in the public administration system.  Mexico was a federal republic with 32 different constitutional bodies. It was important to mention the inclusion of discrimination in article 1 of Mexico’s Constitution.  The law on equality between men and women included a new law on discrimination.  There was a worsening situation for women in Mexico.  In non-progressive States, the situation was worse for women.  This was due to religious ideas, which impacted women’s sexual and reproductive health rights. 

    Mexico had special prosecution services in different bodies.  These ensured that the highest standards were used when investigating cases of femicide.  In cases of femicide, it was important to comply with standards relating to the crime. Protocols had been standardised for the crimes of femicide.  The Tribunal of Judicial Discipline had been created to combat impunity.  Lack of access to justice often took the form of impunity.  The Women’s Secretariat was working with the Department of Prosecutions to create a network of female lawyers to provide advice and organise strategic lawsuits.

    The National Human Rights Commission was a public independent body, with independence guaranteed in Mexican laws.  It issued recommendations on human rights violations when there was a gender element, and had general recommendations on femicide.  The Constitutional reform outlined the rights of indigenous peoples to be assisted by an interpreter, which must be taken into account to ensure appropriate defence in court. 

    The reform of the judiciary began with a desire to see parity in access, including equal representation of men and women as judges and magistrates.  Currently, only 30 per cent of these positions were held by women.  A judicial school would focus specifically on training.  A guidebook was being created for gender-based judgements which would represent a crucial tool.  There was one training programme which was binding for all members of the judiciary, and it was helping the State achieve progress. 

    The previous corruption of the judiciary did not allow women or relatives of killed women to defend themselves.  Unofficial pretrial was used due to the corruption of the judiciary.  Many judges would free perpetrators of femicide who would then threaten the relatives of murdered women. 

    Questions by Committee Experts

    A Committee Expert congratulated Mexico on the election of the first female President, and recognised the steps taken to achieve gender equality, including the creation of the first Ministry for Women in 2024.  What concrete steps was Mexico taking to strengthen effective coordination between national institutions on policies relating to the rights of women and girls, in light of technical and financial challenges; what concrete steps were being provided to strengthen their international capacity?  How was it ensured that institutions received technical resources to support their work? 

    Another Expert said Parliament had a high level of women’s representation, and as heads of Government.  However, while women comprised 50 per cent of candidates for mayoral elections, they were not being elected at the same rate, and faced barriers, including political violence and stereotypes.  Why had Mexico not adopted temporary special measures in this regard?  What temporary special measures had the State adopted to ensure parity in decision-making positions?  What about for the heads of corporate and private companies? Would the State consider adopting a positive discrimination act?   

    Responses by the Delegation

    The delegation said since 2018, Mexico had promoted the participation of women in the peace and security sector.  Work had been carried out to mainstream gender issues in all budgets and Government actions.  This year, half the budget was allocated for men, and half for women.  The budget aimed to make up areas of weakness in inequality.  The National Programme for Equality between men and women had mechanisms for follow-up and for impact assistance.  A national system was in place for the prevention and eradication of violence. A national database included a recording or registration of incidents of violence of women and girls; this was a register which different bodies fed information into.  The State aimed to have a living database which gave a clear overview of cases. 

    Mexico already had a law on equality.  As part of the 2021 electoral process, the competitive block system had been used. As part of the block, three levels of competitiveness were established in different areas.  This aimed to ensure women were candidates in places where they had a real chance of winning, which aimed to improve women’s participation at the local political levels.  In Mexico, there was no quota in place, but legislation was amended to bring about equality between men and women in elections. 

    A network of defenders had been put in place throughout the country, and within the network, there was now a defenders training network.  These people were selected to train and pass on their knowledge and skills, including on electoral justice.  The recent 2024 election had resulted in 540 female local authority council leaders.  The burden of proof had been reversed to ensure defendants had to provide they were not violent to women in the local council. 

    During the pandemic in 2021, the health system put in place special measures for women and girls to deal with the additional burden on them to provide caring in the home. This meant there had to be coordination on mental health services.  There were now centres which provided services to workers in the mental health sector and users of the mental health system.  Issues such as anxiety, post-traumatic stress, and depression, and their treatments, were key focuses.  Mental health services had been provided during lockdowns.

    There had been political party shenanigans when quotas were in place.  Mexico had equality.  Any electoral list needed to be composed of 50 per cent women and 50 per cent men. Positive discrimination and quotas were previously essential, but the State did not need them now because political equality had been achieved and Mexico was working to maintain it.

    Questions by Committee Experts

    An Expert said the Committee was concerned about the different definitions of feminicide, which meant many murders of women were not classified as feminicide.  Currently just 20 per cent of female murders were classed as femicide.  The persistence of stereotypes in the media, which mainly impacted minority women, was concerning.  Nonconsensual surgeries which impacted women with disabilities and indigenous women were also concerning.  What training was provided to the judiciary?  Was its impact assessed?  The search protocol for women and girls who had been disappeared was not effectively implemented throughout the country, which was concerning. 

    The Committee was also worried at the lack of inclusion of an intersectional approach in investigation protocols.  The lack of access to information, including rulings on violence against women, was additionally concerning.  The Committee was worried about the lack of a broad reparations policy for victims, particularly victims of violence or those who had been disappeared.  Data was lacking in many areas, including for women and girls who had been disappeared. 

    What measures were put in place for companies running social media to ensure they sanctioned criminal postings on their websites?  Could information be provided about women who were deprived of liberty? 

    A Committee Expert said the improvement of legislation on trafficking, including the general law to prevent, punish and eradicate trafficking in persons, was a positive step, as well as the creation of the Inter-Secretarial Commission on Trafficking, and the work of the Commission for Victim Support.  Nevertheless, the lack of sufficient implementation and coordination persisted as well as inefficient investigations, and the complicity of authorities with organised crime related to trafficking.

    What specific measures had the State adopted to prevent, investigate and punish trafficking in women for the purpose of sexual exploitation, and with what results?  How was it ensured that trafficking policies did not criminalise or re-victimise victims?  What actions had been developed against trafficking networks affecting migrant women and girls?  What programmes existed to guarantee reparation and mental health care to victims?  How were victims, who had been forced to engage in illegal acts by the cartels, protected?  How would the State party maintain a gender focus in their security policy?  Weapons in the United States were the main reasons for killings in the country. What follow-up measures did the Government consider in regard to United States manufacturers of weapons? 

    Responses by the Delegation

    The delegation said 71 justice centres existed in the country.  A programme was in place to shed light on situations of violence which took place in different parts of the country, and bring down the levels of violence nation-wide.  In 2024, the Charter was created to protect citizens from trafficking in persons, published in multiple languages, as well as in indigenous languages, and disseminated throughout the Government and federal bodies.  A manual on trafficking and an agreement had been developed, allowing local staff to be used to assist victims of femicide.  There was now a legal obligation to disseminate all decisions; these were now publicly available.  All persons were required to undergo mandatory training from the judiciary. 

    Mexico was aware that gender needed to be mainstreamed.  Around 62 per cent of mothers seeking the disappeared were located in seven federal states of Mexico.  Among the Constitutional reforms carried out, the comprehensive act on the national system of public security had been amended to create a special chapter on protection measures.  The Women’s Secretariat was raising the visibility of these measures to prevent violence against women.  The Mexican State had committed to developing a register to track orphans who were victims of femicide.  The State had been working on the harmonisation of the search protocols for women and girls.  The coverage of the justice centres for women had been enlarged, and there were now almost 80 in operation. 

    The fast-track procedure for femicide should not be compared to impunity.  This process was an opportunity to have access to truth, if the accused was convicted.  It enabled important information to be secured to ensure no further information escaped the prosecution.  The programme to combat trafficking was being updated this year. 

    Mexico had 33 criminal codes nationwide, due to the country’s federal makeup.  In the national criminal procedure, there was one single definition; femicide was criminalised, with gender stipulated as a ground.  Work had been undertaken on media violence, and several secondary laws which suppressed online and media violence had been amended.  Anyone guilty of online violence was liable to be punished.  The definition of femicide had been reworked, as had the measures to provide compensation to victims.  Mexico had developed protection measures for victims of online and media violence, which was something no other country had done before. 

    Legal reforms and awareness campaigns had been put in place to eradicate forced marriage.  It was essential to put in place a law which stipulated that marriage should only take place at the age of 18.  It was vital to eradicate child marriage in indigenous communities.  There had been a drop in this phenomenon of four per cent since 2018. 

    The State recognised the difficult situation of women in a mobility situation and the risk of gender-based violence.  The right to apply for refugee status was recognised in Mexico and was supported by various agreements. 

    There was no militarisation of Mexico’s security system.  It was acknowledged that violations had been committed by Mexico’s armed forces, and the State was committed to ensuring these events did not reoccur.   Mexico would ensure that codes were in line, so all crimes were dealt with the same way across the whole country.  The State would review communications and assess how femicide was reported, which could often lead to revictimisation of the victim.  It was vital to combat impunity in order to combat violence. 

    Civil society organizations had been key in achieving progress in Mexico, including in the areas of digital violence.  The State aimed to work together with social media platforms to prevent digital violence from occurring.  Mexico was a victim of trafficking in weapons.  It was essential for the State to continue to wage war on this phenomenon. 

    When considering how to classify crimes of femicide, the rulings related to several factors, including the relationship between the victim and the perpetrator.  Criteria were now in place which mandated that any violent death of a woman was to be investigated as a femicide.  It was vital to ensure the prosecution services were strengthened.  There were now 40 prosecutors and around 100 people investigating cases of femicide. For 2024, there had been 2,564 first degree murders of women, as well as more than 800 femicides. 

    Questions by a Committee Expert

    A Committee Expert said the Committee commended the State party’s achievements of guaranteeing equality in political and public life.  Reforms had been implemented towards preventing and eliminating gender discrimination.  This had resulted in a 43 per cent improvement in women’s public leadership positions.  The Committee lauded the 2019 constitutional reform entitled “gender parity in everything”, which guaranteed the political rights of women towards certifying gender parity for all candidates for elected political office, including municipalities with indigenous and Afro-Mexican populations.  Law 303 against violence was also lauded, which prevented male aggressors or those sentenced for violence from holding public office. However, concerns remained. 

    Could the State party outline existing measures to prevent political violence against women? What special measures had been adopted to ensure the political participation of indigenous women and other minority groups?  What percentage of women heading embassies and multilateral organizations was held by traditionally marginalised women?  What plans existed to combat women’s low levels of political participation and strengthen their participation in the community and social participation beyond elections?   

    Responses by the Delegation

    The delegation said Mexico produced disaggregated data regarding the situation of women.  There were 78 programmes desegregating data by gender.  The national survey on domestic relationships provided information on violence against women at home.  It reflected a falling trend in domestic violence.  Concerning financial issues, according to data, more than 26 per cent of women now had increased access to financial products, including loans and credit. The State was using available data to design and monitor public policies which were evidence-based.

    Around 200,000 firearms unlawfully entered Mexico every year.  Mexico was awaiting the decision of the International Criminal Court of Justice on this.  Trafficking in arms was a scourge in the country, and it was important to combat this. Gender gaps needed to be reduced in leadership roles.  The most recent survey stated that women made up 37 per cent of the diplomatic core, only 25 per cent of whom were ministers.  There were training programmes in place for public officials regarding political violence against women.  Specialised meetings had been carried out to disseminate the rights of women, including those with disabilities, migrant women, and rural women. In connection with civil society, a network had been created with women human rights defenders, guaranteeing the participation of these groups in courts.  It was mandatory to ensure parity in municipal bodies. 

    Questions by a Committee Expert

    A Committee Expert welcomed the provision in the law which permitted the transmission of nationality to descendants, including children born abroad.  What measures had the State adopted to ensure universal birth registration?  Had rural offices for birth registration been established?  What measures had been adopted to overcome barriers that indigenous women faced when they sought to register their children?  How was access to identity documents ensured?  What measures had been taken to facilitate the return of Mexican citizens to Mexico and guarantee their access to identity papers? 

    Responses by the Delegation

    The delegation said coordination groups had been established with the state civil registry, and registration campaigns had been launched.  Mobile units addressed issues regarding the registration of migrant births. There was no restriction on the status of a migrant person, whether documented or undocumented, to process their application to have access to services.

    Questions by a Committee Expert

    A Committee Expert commended Mexico for progress made in the area of education, including the education act which recognised the right to secular, free, inclusive education, which was gender and human rights based.  The State party was encouraged to continue and consolidate these efforts. What measures were underway to guarantee access to education?  What was Mexico doing to ensure that gender equality was truly maintained in school curricula?  What percentage of the educational budget was set aside for gender-based programmes? How were their impacts assessed? 

    The Committee noted with concern the high school drop-out rates due to pregnancy and violence. The ongoing persistence and increase of violence against women and adolescents, at all educational levels, was also concerning, particularly high levels of sexual violence.  What measures had Mexico taken to guarantee education for pregnant teenagers and to prevent them from leaving school?  How was it ensured that comprehensive sexual education was provided at all levels and in all states?  Was there a plan to ensure the eradication of gender-based violence in schools?  What measures was the State taking to guarantee standardisation and the enforcement of penalties?

    Responses by the Delegation

    The delegation said the new school model was based on the gender perspective, and the new sexual education syllabus had been created under this model.  In 2024, Mexico significantly invested in the training of teachers, as part of the national strategy to deal with and prevent teenage pregnancy.  This also focused on keeping teenagers who were pregnant in school.  A programme called violence-free schools supported people working in schools.  A protocol had been ratified to ensure the referral, channelling, follow-up and prevention of sexual violence in schools. 

    School dropout rates had fallen by 75 per cent for basic education, 26 per cent for secondary education, and 18 per cent in further education.  Mexico had invested just over 500,000 dollars on school infrastructure.  A national strategy was in place to prevent early pregnancy and there had been a 10 per cent drop in early pregnancy in Mexico over the past three years. Particular focus was paid to rural and isolated areas, where the issue was connected to others such as forced marriage.  Schools feeding programmes offered food and support to Afro and indigenous students. There were also scholarships available for higher education. 

    Questions by a Committee Expert

    A Committee Expert said the Government had adopted gender responsive labour reforms which promoted women’s access to employment, which was commendable.  However, the majority of women were concentrated in the informal market, and only 25 per cent of managers were women in private and public sectors.  Women also faced sexual harassment and threats in the workplace. 

    What actions had Mexico taken to close the gender wage gap between women and men?  How could women be helped to improve their digital literacy to start their own businesses and ensure employment?  How was it ensured that women employed in the domestic, care and agricultural sectors enjoyed social security and paid care benefits? How could indigenous women, women with disabilities, and migrant women have access to paid employment and social security?  What complaints mechanisms were in place for women in the labour market? 

    Responses by the Delegation

    The delegation said a programme was in place for rural and agricultural workers and temporary workers, with more than 20,000 women enrolled.  A programme had been put in place for domestic workers, with 60,000 domestic workers enrolled.  Nearly 200,000 persons benefitted from childcare schemes.  Legislation had been drafted allowing for pregnant persons to ask to be placed back on their post when they returned to work.  Short-term contracts were available for pregnant persons, which had to be extended after maternity leave had been taken. 

    A pilot project was being developed in Mexico, and legislation had been promulgated on rights for domestic workers.  Mexico had made progress in the areas of health, education and welfare.  A new minimum wage policy had been instigated to ensure a decent wage to those who earned the least.  The gender pay gap had been reduced by 29 per cent at the local level between 2019 and 2024.  The minimum wage for workers in border areas with the United States had increased significantly.  Over the past six years, there had been an 18.7 per cent increase in the number of women covered by social security systems.  In 2022, an agreement was struck between the private and public sector which aimed to monitor and assess the gender pay gap. 

    Questions by a Committee Expert

    A Committee Expert said since the last meeting with Mexico, there had been significant progress in sexual and reproductive health, but challenges still remained.  How was care for women guaranteed in State hospitals? Why did vaccination coverage dramatically drop from 100 per cent to 28 per cent to 2021?  What was the reason for the increase in breast cancer cases in the country?  What was the State doing to target women’s health? 

    Mexico should be commended for progress made in legalising abortion; however, it had still not been decriminalised in nine jurisdictions.  Care services for women who had chosen to have an abortion due to rape were still linked to the judicial system.  Some young children were detained because they had had an abortion. How was the State party planning to resolve these challenges?  How did the State intend to address issues such as hostile health workers or access to modern contraception? 

    How would the State combat the forced sterilisation of indigenous women and those with disabilities? Had there been reparations for victims? What measures were being taken to ensure a gender perspective when assessing the disabilities of women?  How could women who were victims of gender-based violence have access to mental health services without stigmatisation? Were there special services for the rehabilitation of children whose mothers were victims of violence? 

    Responses by the Delegation 

    The State was revising the law to ensure that cases of rape were not linked to the judicial system. It did not need to be proven that sexual violence had taken place to have access to a safe abortion.  The federal system continued to work with the nine states where abortion had not been decriminalised.  All contraception products were free and provided by the health care system for anyone who required them.  Mexico was reviewing all informed consent in relation to the health system to ensure they were accessible to persons with disabilities, and to allow anyone to have full control over decisions being taken or any procedure recommended for them. 

    The new health system guaranteed all women had the same quality, standardised care throughout the country.  One of the emblematic programmes of the new administration covered treatment for the elderly and persons with disabilities.  Thousands of doctors and nurses had been recruited and went door to door seeking out these people and helping them to create a medical file to receive the care they needed.  More than 80 justice centres provided free psychological and counselling services. The State needed to recruit additional specialised healthcare workers to bolster mental health services. 

    Mexico was working closely with offices that defended the rights of children and adolescents to enable them to identify children and adolescents at risk in all areas. Guidelines had been issued in February this year, focusing on obstetric violence.  No woman in Mexico was in prison because she had carried out an abortion. An amnesty had been declared last year for anyone in prison for this reason.  The State had been working to ensure all these women were released. 

    Questions by a Committee Expert

    A Committee Expert commended the State party on its notable initiatives to advance the economic and social benefits of women, including the microcredits for wellbeing programme, with over 70.5 per cent of the 1.25 million loans allocated to women. Nonetheless, their impact was limited. Mexico had the lowest rate of women’s economic participation in the region and would not reach gender parity on corporate boards until 2052.  What plans were in place to integrate unpaid care and domestic work into macroeconomic frameworks?  Were women non-governmental organizations consulted to capture their views and voices in the design? 

    What measures were in place to increase female leadership in economic sectors, financial portfolios, and procurement opportunities?  How were women, particularly indigenous, Afro-Mexican, rural and migrant women, and women with disabilities benefiting from targeted economic interventions?  What concrete plans existed to expand women’s participation in sports leadership?  Were there gender targets within the investment plan and the sovereign wealth fund?  The State should be commended on the act which regulated the digital sector. Was there data available on the level of reparations provided by companies regarding violations of women’s rights? 

    Responses by the Delegation

    The delegation said Mexico aimed to boost domestic trade through a number of credit lines, and aimed to empower workers economically.  The President had created the very first cooperative with the cleaners in the Presidential Palace.  Significant progress had been recorded in the reduction of poverty. 

    There had been a 12 percent increase in the income of rural women.  There had been a financial transfer to women between the ages of 60 and 64.  Women athletes earned up to 500 per cent less than men for the same sport.  An initiative had been developed to ensure that women who were professional sports persons were entitled to a basic wage, which so far did not exist for female athletes.  Around 5,403 economic projects had been supported by the State to drive forward activities for productive education for communities and regions. This year, Mexico would be creating 200 childcare centres to ensure that women, particularly rural and indigenous women, did not have to leave their job to care for their children.

    All economic projects had a gender-based approach.  Everything began with consultations with the community.  Many new governmental funds were earmarked for the fostering of the participation of women in rural areas, including for land titles. 

    Questions by a Committee Expert

    A Committee Expert asked if the Mexico City law for the murder of trans people for reasons of identity would be extended to all 32 states?  Would the ratification of the new United Nations Cybercrime Convention of 2025 be considered?  While Mexico had seen an 18 per cent reduction in rural poverty, this issue persisted.  How would the plan developed address rural poverty?  Would rural women be able to overcome cultural taboos to land ownership? 

    Around 46.1 per cent of those in pretrial detention were women.  Women were sometimes kept in prison awaiting sentencing for many years. How would the State strengthen their due process rights in this regard?  How would the State bring a survivor-centred approach to justice for the disappeared and their families?  It was acknowledged that the President had committed her office to addressing enforced disappearance; however, it was important to bring a gender perspective to this. 

    Responses by the Delegation

    The delegation said more than 10 million people had come out of poverty over the past seven years, due to the social policies in place specifically targeting rural and indigenous areas.  Mexico had social protection caravans, ensuring protection and advice was taken to women in different areas.  Training was provided to rural women and they were given special tools and knowledge to exercise their land rights.  The State had reached the goal to issue 150,000 land titles. 

    Special gynaecological and trauma services had been provided for women in prisons.  There was special care for pregnant women in prison and children detained with their mothers.  A mechanism was in place to follow-up on cases of torture.  The Public Defender had carried out 5,600 visits to female detainees, and ensured that measures they had implemented had yielded results, including special care for trans women.  Lengthy pre-trial detention periods had to be overseen by a court.  Mexico had stated at the Conference of States parties that they did not agree with the implementation of a declaration which rid the Convention against Enforced Disappearances of its meaning.  This was a unilateral decision by the Committee.   

    Questions by a Committee Expert

    A Committee Expert asked what was being done to help women facing intersectional discrimination to claim their rights in court?  What would be done to harmonise indigenous rules with gender equality?  What had been the impact of efforts targeting law enforcement authorities?  What were the plans for the future to make family judges and lawyers, social workers and local authorities fully aware of women’s rights?  The Committee commended Mexico for positive trends in combatting child marriage.  What was being done to raise awareness about the minimum age of marriage and further improve respect for the prohibition of early marriage? 

    Responses by the Delegation

    The delegation said Mexico had made constitutional reforms and reforms to secondary law to protect all women in their diversity, including migrant women, domestic workers, and indigenous women. A lot of progress had been made in protecting the intersectional rights of women.  A court had noted that it was mainly women who had caring responsibilities, and the State was focusing on the situation on the division of labour. Measures had been taken to provide information in indigenous languages.

    Closing Remarks 

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, commended the Committee for its work and the Experts for their questions and comments.  All the different sectors of the State were involved in drafting the report.  Mexico had made progress but there were areas where challenges remained.  Mexico had a striving civil society and a strong feminist movement, as well as the first woman President.  The Committee’s recommendations were very important for the Government, and the dialogue had been an enriching experience.  Mexico was committed to changing the lives of all women in the country.

    NAHLA HAIDAR, Committee Chair, said she had been privileged to meet the President of Mexico and was hopeful about her vision.  It was an exceptional opportunity for the world to have a female in this position.  Ms. Haidar thanked Mexico for the constructive dialogue which had provided further insight into the situation of women and girls in the country. 

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW25.0013E

    MIL OSI United Nations News –

    June 19, 2025
  • MIL-OSI USA: L-549 hosts Boilermakers organizing training day

    Source: US International Brotherhood of Boilermakers

    Organizers and organizing is only going to be as strong as the membership makes it. Your membership is your best tool to organize.

    Pablo Barrera, Western States organizer

    Twenty-five Local 549 (Pittsburg, California) Boilermakers turned out to learn the nuts and bolts of organizing during the local’s first Organizing Training Day, May 31, at the hall.

    Led by Western States Organizer Pablo Barrera and funded through the M.O.R.E. Work Investment Fund, the day covered labor history, “Unionism 101” and practical organizing tools, including how to have a one-on-one conversation about unionizing. The goal was to keep the training focused on the basics and simple, to empower all members—from apprentices to seasoned journey workers—with solid skills for organizing to grow the union.

    “Organizing and community activism are incumbent upon us as union members,” said L-549 Business Manager/Secretary-Treasurer Randy Thomas. “That is a heavy obligation without direction and education.”

    Barrera said they focused on teaching everyone from “square one” to make sure everything was clear, including why workplaces organize and how to talk to workers to help them understand the union difference. To illustrate what organizing is like from the workers’ perspective and create engagement, Barrera divided everyone randomly into four groups representing typical industrial workers: assemblers, welders, truck drivers and warehouse workers. He asked everyone to consider everything from their category’s perspective. Each group had discussions about different points throughout the training and reported out on their main takeaways.

    “I told them to play along and imagine they work at Siemens, they work paycheck-to-paycheck at their job, their spouse works at the Wal-Mart around the corner,” he said. “Imagine that’s you.”

    Then he played an actual clip from a captive-audience meeting held at Siemens during the recent organizing efforts there. The company spokesperson makes promises and speculates on what harm a union might cause to work stability.

    “A lot of people knew that workers are scared to organize, but they didn’t know why. Because they’re already union, they couldn’t understand why anyone wouldn’t want a union—what were they waiting for,” Barrera said. “This gave us a chance to help them understand what workers believe is at stake.”

    Then he handed out sample union ballots, which he had everyone complete at the end of the training in secret, just as during an actual unionization vote.

    “People said it really opened their eyes. They felt something about it and connected with it,” Barrera said. “They got the perspective of ‘Are you going to organize against your boss?’ because that’s what we’re asking workers to do. To move forward and unionize is tough, and that was my point to them.”

    The training went well, everyone participated, and plans are already in the works for another class that goes more in depth on organizing. Barrera said a lot of the attendees expressed wanting to get more involved and do whatever it takes to organize more workplaces.

    “We now have 25-some Boilermakers who understand what to do and how to start that conversation with a worker about organizing and the union difference,” he said. “What I always tell local unions is that the organizers and organizing is only going to be as strong as the membership makes it. Your membership is your best tool to organize.”

    Thomas said he was pleased with the training and the turnout: “It was great to see members attend who do not always attend union meetings or show up for calls to action. Organizing goes beyond your skills on a jobsite; it has to do with your pride of being a union member.”

    Western States organizer Pablo Barrera says that when it comes to successful organizing campaigns, understanding and practicing tactics that create consistent, steady gains is the key.

    “In boxing, there’s a magazine called Ring Magazine. It’s like the Bible of boxing, and they had a quote about how boxers today all ‘lack the jab’. Everyone wants to power punch and knock someone out. No one wants to do the jab. It’s the same in organizing, if the basics aren’t there. We have to teach everyone from square-one about the basics—the jabs that lead to success.”

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI Europe: Highlights – Scrutiny of delegated acts and implementing measures-NEW – Committee on Economic and Monetary Affairs

    Source: European Parliament

    © Image used under the license from Adobe Stock

    The Committee on Economic and Monetary Affairs (ECON) will hold a scrutiny debate on the Solvency II Review Directive on Tuesday, 24 June 2025.

    The Solvency II Review Directive entered into force on 28 January 2025 and will become applicable as of 30 January 2027. The directive includes empowerments for delegated acts and implementing measures. The purpose of this debate is to accompany and scrutinise the ongoing work of the Commission and EIOPA from the beginning. An earlier debate on these acts took place on 19 February 2025. The Commission’s draft Delegated Act is expected to be published for consultation next month.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: France: The EIB and Banque Populaire and Caisse d’Epargne sign an agreement to support French small and medium-sized enterprises in the defence sector

    Source: European Investment Bank

    EIB

    • A €300 million loan from the European Investment Bank will enable the BPCE banking group, through its network made of Banque Populaire and Caisse d’Epargne, to increase its financing to the sector.
    • This operation is the first signed by the EIB in France, and the second in Europe, under the new €3 billion envelope dedicated to European SMEs active in security and defence.
    • The objective is to facilitate access to financing for SMEs investing in strategic areas such as cybersecurity, surveillance, resilience, and defence technologies.

    The European Investment Bank (EIB) and the BPCE banking group have signed a €300 million loan agreement in favor of small and medium-sized enterprises (SMEs) in the security and defence sector in France.

    This is the first operation signed by the EIB in France as part of the recently announced €3 billion envelope to support companies active in the defence value chain. The EIB has increased intermediated loans and guarantees available for key defence-industry segment to €3 billion from €1 billion originally, and has signed a first deal with Deutsche Bank last week.

    The loan granted to BPCE is specifically intended to address the financing needs of French SMEs investing in cybersecurity, surveillance, resilience, and new technologies related to defence.

    Ambroise Fayolle, Vice-President of the EIB responsible for operations in France: “We are delighted to sign with BPCE the first agreement in France to support small and medium-sized enterprises active in the security and defence industry. To ensure the security of our continent, we must support the entire ecosystem of the defence industry, including companies present in the value chain, as they often have a significant impact on their territory in terms of innovation and employment.”

    Robert de Groot, Vice-President of the EIB responsible for security and defence: “In the space of one week, two major operations have been signed between the EIB and European banking partners to support SMEs active in security and defence. Facilitating financing is a critical step toward unlocking the full potential of these companies in strengthening Europe’s strategic capabilities.”

    Cédric Glorieux, Head of Products and Solutions Banque Populaire and Caisse d’Epargne: « We are very pleased that BPCE, through its network Banque Populaire and Caisse d’Epargne, is the first banking group in France to sign this strategic agreement with the EIB. This agreement underlines our determination to step up our support for French small and medium-sized enterprises in the defence sector. Thanks to this €300 million financing envelope, BPCE will play a key role in strengthening the competitiveness and innovation of French companies, while meeting the challenges of our country’s sovereignty. » 

    The €3 billion EIB envelope also follows the agreement between the EIB and the promotional institutions of France, Germany, Italy, Poland, and Spain to explore co-financing opportunities in support of the European security and defence industry. This cooperation, announced on June 6, aims to promote a pan-European vision in areas such as research, industrial capabilities, and infrastructure.

    Background information

    EIB
    The European Investment Bank (EIB), whose shareholders are the Member States of the European Union (EU), is the EU’s long-term financing institution. Across eight major priorities, we support investments that contribute to achieving the EU’s key objectives. In 2024, the EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing in support of more than 900 high-impact projects, thereby strengthening Europe’s competitiveness and security. In France, the EIB Group signed more than one hundred operations in 2024 for a total amount of €12.6 billion, which made it possible to mobilize €62 billion in investments in the real economy. Nearly 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation. More information about the EIB Group financing for security and defence is available here.

    Media services can find recent high-resolution photos of our headquarters in Luxembourg here.

    Groupe BPCE

    Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone in terms of capital. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group’s financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody’s (A1, stable outlook), Standard & Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A+, stable outlook).

     

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: Text adopted – Adoption by the Union of the Agreement on the interpretation and application of the Energy Charter Treaty – P10_TA(2025)0126 – Wednesday, 18 June 2025 – Strasbourg

    Source: European Parliament

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 194 thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Having regard to the opinion of the European Economic and Social Committee(1),

    After consulting the Committee of the Regions,

    Acting in accordance with the ordinary legislative procedure(2),

    Whereas:

    (1)  In its judgment of 2 September 2021 in case C‑741/19(3), Republic of Moldova v Komstroy (the ‘Komstroy judgment’), the Court of Justice of the European Union (CJEU) held that Article 26(2), point (c), of the Energy Charter Treaty, approved on behalf of the European Communities by Council and Commission Decision 98/181/EC, ECSC, Euratom(4), is to be interpreted as not being applicable to disputes between a Member State and an investor of another Member State concerning an investment made by that investor in the first Member State, i.e. intra-EU disputes.

    (2)  Despite the Komstroy judgment, arbitral tribunals have continued to accept jurisdiction and to issue awards in intra-EU arbitration proceedings which are purportedly based on Article 26(2), point (c), of the Energy Charter Treaty. According to the CJEU, any such award is incompatible with Union law, in particular Articles 267 and 344 of the Treaty on the Functioning of the European Union. Therefore, such awards cannot produce legal effects and the payment of compensation further to those awards cannot be enforced.

    (3)  The effective implementation of Union law is being undermined by the issuing of awards violating Union law in intra-EU arbitration proceedings. There is a risk of a conflict between the Treaties, on the one hand, and the Energy Charter Treaty as interpreted by some arbitral tribunals, on the other, which would, if confirmed by the courts of a third country, become a de facto legal conflict where such awards were circulating in the legal orders of third countries.

    (4)  According to the case law of the CJEU, the risk of a legal conflict is sufficient to render an international agreement incompatible with Union law. The risk of such a conflict between the Treaties and the Energy Charter Treaty should therefore be eliminated. The adoption of an instrument of international law, in the form of an agreement setting out the common understanding of the parties to that agreement on the non-applicability of Article 26 of the Energy Charter Treaty as a basis for intra-EU arbitration proceedings, would help to eliminate that risk.

    (5)  The Commission, on behalf of the Union, and the ▌ Member States have ▌ concluded negotiations on the terms of an agreement on the interpretation and application of the Energy Charter Treaty. The common understanding contained in that agreement has been reiterated in the ‘Declaration on the legal consequences of the judgment of the Court of Justice in Komstroy and common understanding on the non-applicability of Article 26 of the Energy Charter Treaty as a basis for intra-EU arbitration proceedings’ of 26 June 2024(5).

    (6)  The Agreement on the interpretation and application of the Energy Charter Treaty should therefore be approved in order to enable its signature by the Union and to express the Union’s consent to be bound by it,

    HAVE ADOPTED THIS DECISION:

    Article 1

    The Agreement on the interpretation and application of the Energy Charter Treaty accompanying this Decision is hereby approved.

    Article 2

    This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

    Done at …,

    For the European Parliament For the Council

    The President The President

    AGREEMENT ON THE INTERPRETATION

    AND APPLICATION OF THE ENERGY CHARTER TREATY ▌

    ▌

    THE KINGDOM OF BELGIUM,

    THE REPUBLIC OF BULGARIA,

    THE CZECH REPUBLIC,

    THE KINGDOM OF DENMARK,

    THE FEDERAL REPUBLIC OF GERMANY,

    THE REPUBLIC OF ESTONIA,

    IRELAND,

    THE HELLENIC REPUBLIC,

    THE KINGDOM OF SPAIN,

    THE FRENCH REPUBLIC,

    THE REPUBLIC OF CROATIA,

    THE ITALIAN REPUBLIC,

    THE REPUBLIC OF CYPRUS,

    THE REPUBLIC OF LATVIA,

    THE REPUBLIC OF LITHUANIA,

    THE GRAND DUCHY OF LUXEMBOURG,

    THE REPUBLIC OF MALTA,

    THE KINGDOM OF THE NETHERLANDS,

    THE REPUBLIC OF AUSTRIA,

    THE REPUBLIC OF POLAND,

    THE PORTUGUESE REPUBLIC,

    ROMANIA,

    THE REPUBLIC OF SLOVENIA,

    THE SLOVAK REPUBLIC,

    THE REPUBLIC OF FINLAND,

    THE KINGDOM OF SWEDEN and

    THE EUROPEAN UNION ▌

    ▌

    hereinafter jointly referred to as the ‘Parties’

    HAVING in mind the Energy Charter Treaty, signed in Lisbon on 17 December 1994(6) and approved on behalf of the European Communities by Council and Commission Decision 98/181/EC, ECSC, Euratom on 23 September 1997(7), as last amended ,

    HAVING in mind the rules of customary international law as codified in the Vienna Convention on the Law of Treaties, done at Vienna on 23 May 1969,

    CONSIDERING that the members of a Regional Economic Integration Organisation within the meaning of Article 1, point 3, of the Energy Charter Treaty hereby express a common understanding on the interpretation and application of a treaty in their inter se relations,

    RECALLING that withdrawal from the Energy Charter Treaty does not affect the composition of the Regional Economic Integration Organisation referred to in that Treaty, nor does it preclude an interest in expressing a common understanding on the interpretation and application of that Treaty for as long as it may be held to produce legal effects in relation to a Party that withdrew, and in particular in respect of Article 47(3) of the Energy Charter Treaty,

    HAVING in mind the Treaty on European Union (TEU), the Treaty on the Functioning of the European Union (TFEU) ▌ and the general principles of European Union ▌ law,

    CONSIDERING that the references to the European Union in this Agreement are to be understood also as references to its predecessor, the European Economic Community and, subsequently, the European Community, until the latter was superseded by the European Union,

    RECALLING that, in line with the case-law of the Permanent Court of International Justice(8) and of the International Court of Justice(9), the right of giving an authoritative interpretation of a legal rule belongs to the parties to an international agreement in relation to that agreement,

    RECALLING that the Member States of the European Union (‘Member States’) have assigned the right of giving authoritative interpretations of Union ▌law to the Court of Justice of the European Union (CJEU), as explained by the CJEU in its judgment of 30 May 2006 in case C-459/03, Commission v Ireland (Mox Plant)(10), which held that the exclusive competence to interpret and apply Union ▌law extends to the interpretation and application of international agreements to which the European Union and its Member States are parties in the case of a dispute between two Member States or between the European Union and a Member State,

    RECALLING that, in accordance with Article 344 TFEU ▌, Member States undertake not to submit a dispute concerning the interpretation or application of the Treaties to a method of settlement other than those provided for therein,

    RECALLING that in its judgment of 6 March 2018 in case C-284/16, Achmea(11), the CJEU held that Articles 267 and 344 TFEU must be interpreted as precluding a provision in an international agreement concluded between Member States under which an investor from one of those Member States may, in the event of a dispute concerning investments in the other Member State, bring proceedings against the latter Member State before an arbitral tribunal whose jurisdiction that Member State has undertaken to accept,

    RECALLING the consistently reiterated position of the European Union that the Energy Charter Treaty was not meant to apply in intra-EU relations and that it was not, and could not have been, the intention of the European Union, of the European Atomic Energy Community and of their Member States that the Energy Charter Treaty would create any obligations among them since it was negotiated as an instrument of the European Union’s external energy policy with a view to establishing a framework for energy cooperation with third countries whereas, by contrast, the European Union’s internal energy policy consists of an elaborate system of rules designed to create an internal market in the field of energy which exclusively regulates relations between Member States in that field,

    RECALLING that in its judgment of 2 September 2021 in case C-741/19, Republic of Moldova v Komstroy(12) (the ‘Komstroy judgment’), as confirmed in its opinion of 16 June 2022, 1/20(13), the CJEU held that Article 26(2), point (c), of the Energy Charter Treaty must be interpreted as not being applicable to disputes between a Member State and an investor of another Member State concerning an investment made by the latter in the former Member State,

    RECALLING that, as an interpretation by the competent court and reflecting a general principle of public international law, the interpretation of the Energy Charter Treaty in the Komstroy judgment applies as of the approval of the Energy Charter Treaty by the European Communities and their Member States,

    CONSIDERING that Articles 267 and 344 TFEU must be interpreted as precluding an interpretation of Article 26 of the Energy Charter Treaty that allows for disputes between, on the one hand, an investor of one Member State and, on the other hand, another Member State or the European Union ▌to be resolved before an arbitral tribunal (‘intra-EU arbitration proceedings’),

    CONSIDERING, in any event, that, where a dispute between, on the one hand, an investor of one Member State and, on the other hand, another Member State or the European Union cannot be settled amicably, a party to that dispute may as always choose to submit it for resolution to the competent courts or administrative tribunals in accordance with national law, as guaranteed by general principles of law and respect for fundamental rights enshrined, inter alia, in the Charter of Fundamental Rights of the European Union,

    SHARING the common understanding expressed in this Agreement ▌that, as a result, a clause such as Article 26 of the Energy Charter Treaty could not in the past and cannot now or in the future serve as the legal basis for arbitration proceedings initiated by an investor from one Member State concerning investments in another Member State,

    REITERATING Declaration No 17 concerning primacy, annexed to the Final Act of the Intergovernmental Conference which adopted the Treaty of Lisbon, which recalls that the Treaties and the law adopted by the Union on the basis of the Treaties have primacy over the law of the Member States, and that the principle of primacy constitutes a conflict rule in their mutual relations,

    RECALLING, consequently, that, in order to resolve any conflict of norms, an international agreement concluded by the Member States under international law may apply in intra-EU relations only to the extent that its provisions are compatible with the EU Treaties,

    CONSIDERING that, as a result of the non-applicability of Article 26 of the Energy Charter Treaty as a legal basis for intra-EU arbitration proceedings, Article 47(3) of the Energy Charter Treaty cannot extend, and was not intended to extend, to such proceedings,

    CONSIDERING that, as a result of the non-applicability of Article 26 of the Energy Charter Treaty as a legal basis for intra-EU arbitration proceedings, Parties▌ that are concerned by pending intra-EU arbitration proceedings, whether as respondent or as the Member State of an investor, should cooperate in order to ensure that the existence of this Agreement is brought to the attention of the arbitral tribunal concerned to allow the appropriate conclusion to be drawn as to the absence of jurisdiction of that tribunal,

    CONSIDERING, in addition, that no new intra-EU arbitration proceedings should be registered, and AGREEING that, where a notice of arbitration is nevertheless delivered, the ▌ Parties that are concerned by those proceedings, whether as respondent or as the Member State of an investor, should cooperate in order to ensure that the existence of this Agreement is brought to the attention of the arbitral tribunal concerned to allow the appropriate conclusion to be drawn that Article 26 of the Energy Charter Treaty cannot serve as a legal basis for such proceedings,

    CONSIDERING, nevertheless, that settlements and awards in intra-EU investment arbitration cases that can no longer be annulled or set aside and that were voluntarily complied with or definitively enforced should not be challenged,

    REGRETTING that arbitral awards have already been rendered, continue to be rendered and could still be rendered, by arbitral tribunals in intra-EU arbitration proceedings initiated with reference to Article 26 of the Energy Charter Treaty, in a manner contrary to European Union law▌, including as expressed in the case-law of the CJEU,

    also REGRETTING that such arbitral awards are the subject of enforcement proceedings, including in third countries, that in pending intra-EU arbitration proceedings purportedly based on Article 26 of the Energy Charter Treaty arbitral tribunals do not decline competence and jurisdiction, and that arbitral institutions continue to register new arbitration proceedings and do not reject them as manifestly inadmissible due to lack of consent to submit to arbitration,

    CONSIDERING, therefore, that it is necessary to reiterate, expressly and unambiguously, the consistent position of the Parties by means of an agreement reaffirming their common understanding on the interpretation and application of the Energy Charter Treaty, as interpreted by the CJEU, to the extent that it concerns intra-EU arbitration proceedings,

    CONSIDERING that, in accordance with the judgment of the International Court of Justice of 5 February 1970, Barcelona Traction, Light and Power Company, Limited(14), and as explained by the CJEU in the Komstroy judgment, certain provisions of the Energy Charter Treaty are intended to govern bilateral relations,

    CONSIDERING therefore that this Agreement only concerns bilateral relationships between the Parties and, by extension, investors from those Member States as Contracting Parties to the Energy Charter Treaty, and that, as a result, this Agreement affects only those Contracting Parties to the Energy Charter Treaty that are governed by the law of the European Union▌ as a Regional Economic Integration Organisation within the meaning of Article 1, point 3, of the Energy Charter Treaty and does not affect the enjoyment by the other Contracting Parties to the Energy Charter Treaty of their rights under that Treaty or the performance of their obligations,

    RECALLING that the Parties have informed the ▌ Contracting Parties to the Energy Charter Treaty of their intention to conclude this Agreement,

    CONSIDERING that by concluding this Agreement and in line with their legal obligations under European Union ▌law, but without prejudice to their right to make such claims as they consider appropriate in relation to costs incurred by them as respondents in relation to intra-EU arbitration proceedings, the Parties ensure full and effective compliance with the Komstroy judgment, and underline the unenforceability of existing arbitral awards, the obligation for arbitral tribunals to immediately terminate any pending intra-EU arbitration proceedings, the obligation for arbitral institutions not to register any future intra-EU arbitration proceedings, in line with their respective powers under Article 36(3) of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (‘ICSID’), concluded in Washington on 18 March 1965, and Article 12 of the Stockholm Chamber of Commerce (‘SCC’) arbitration rules, and the obligation for arbitral tribunals to declare that any intra-EU arbitration proceedings sought to be registered before them lack a legal basis,

    UNDERSTANDING that this Agreement covers investor-State arbitration proceedings involving the ▌Parties in intra-EU disputes based on Article 26 of the Energy Charter Treaty under any arbitration convention or set of rules, including ICSID and the ICSID arbitration rules, the Arbitration Institute of the SCC arbitration rules, the United Nations Commission on International Trade Law arbitration rules and ad hoc arbitration, and

    BEARING in mind that the provisions of this Agreement are without prejudice to the right of the European Commission or any Member State to bring an action before the CJEU based on Articles 258, 259 and 260 TFEU,

    HAVE AGREED AS FOLLOWS:

    SECTION 1

    Common understanding on the non-applicability of article 26 of the Energy Charter Treaty as a basis for Intra-EU arbitration proceedings

    Article 1

    Definitions

    For the purposes of this Agreement, the following definitions shall apply:

    (1)  “Energy Charter Treaty” means the Energy Charter Treaty signed at Lisbon on 17 December 1994 and approved on behalf of the European Communities by Decision 98/181/EC, ECSC, Euratom on 23 September 1997, as it may be amended from time to time;

    (2)  “intra-EU relations” means relations between Member States ▌ or between a Member State and the European Union ▌;

    (3)  “intra-EU arbitration proceedings” means any proceedings before an arbitral tribunal initiated with reference to Article 26 of the Energy Charter Treaty to resolve a dispute between, on the one hand, an investor of one Member State and, on the other hand, another Member State or the European Union ▌.

    Article 2

    Common understanding ▌on the interpretation and continued non-applicability of Article 26 of the Energy Charter Treaty and the lack of legal basis for intra-EU arbitration proceedings

    1.  The ▌ Parties hereby reaffirm, for greater certainty, that they share a common understanding on the interpretation and application of the Energy Charter Treaty according to which Article 26 of that Treaty cannot and never could serve as a legal basis for intra-EU arbitration proceedings.

    The common understanding expressed in the first subparagraph is based on the following elements of European Union law:

    (a)  the interpretation by the CJEU of Article 26 of the Energy Charter Treaty to mean that that provision does not apply, and should never have been applied, as a basis for intra-EU arbitration proceedings; and

    (b)  the primacy of European Union law, recalled in Declaration No 17, annexed to the Final Act of the Intergovernmental Conference which adopted the Treaty of Lisbon, as a rule of international law governing conflict of norms in their mutual relations, with the result that, in any event, Article 26 of the Energy Charter Treaty does not and could not apply as a basis for intra-EU arbitration proceedings.

    2.  The ▌ Parties reaffirm, for greater certainty, that they share the common understanding that, as a result of the absence of a legal basis for intra-EU arbitration proceedings pursuant to Article 26 of the Energy Charter Treaty, Article 47(3) of the Energy Charter Treaty does not extend, and could not have extended at any time, to such proceedings. Accordingly, Article 47(3) of the Energy Charter Treaty cannot have produced legal effects in intra-EU relations when a Member State withdrew from the Energy Charter Treaty prior to the conclusion of this Agreement and would not produce legal effects in intra-EU relations if a ▌ Party withdrew from the Energy Charter Treaty subsequently.

    3.  For greater certainty, the ▌ Parties are in agreement that, in accordance with the common understanding expressed in paragraphs 1 and 2 of this Article, and without prejudice thereto, Article 26 of the Energy Charter Treaty does not apply as a basis for intra-EU arbitration proceedings and Article 47(3) of the Energy Charter Treaty does not produce legal effects in intra-EU relations.

    4.  Paragraphs 1 to 3 are without prejudice to the interpretation and application of other provisions of the Energy Charter Treaty to the extent that they concern intra-EU relations.

    SECTION 2

    Final Provisions

    Article 3

    Depositary

    1.  The Secretary-General of the Council of the European Union shall act as depositary of this Agreement (the ‘Depositary’).

    2.  The Depositary shall notify the ▌ Parties of:

    (a)  the deposit of any instrument of ratification, approval or acceptance in accordance with Article 5;

    (b)  the date of entry into force of this Agreement in accordance with Article 6(1);

    (c)  the date of entry into force of this Agreement for each ▌ Party in accordance with Article 6(2).

    3.  The Depositary shall publish this Agreement in the Official Journal of the European Union and notify the depositary of the Energy Charter Treaty, as well as the Energy Charter Secretariat, of its adoption and entry into force.

    4.  The Depositary shall invite the depositary of the Energy Charter Treaty to notify this Agreement to the other Contracting Parties to the Energy Charter Treaty.

    5.  This Agreement shall be registered by the Depositary with the United Nations Secretariat, in accordance with Article 102 of the Charter of the United Nations, following its entry into force.

    Article 4

    Reservations

    No reservations shall be made to this Agreement.

    Article 5

    Ratification, approval or acceptance

    This Agreement shall be subject to ratification, approval or acceptance.

    The ▌ Parties shall deposit their instruments of ratification, approval or acceptance with the Depositary.

    Article 6

    Entry into force

    1.  This Agreement shall enter into force 30 calendar days after the date on which the Depositary receives the second instrument of ratification, approval or acceptance.

    2.  For each ▌ Party which ratifies, approves or accepts it after its entry into force in accordance with paragraph 1, this Agreement shall enter into force 30 calendar days after the date of deposit by such ▌ Party of its instrument of ratification, approval or acceptance.

    Article 7

    Authentic texts

    This Agreement, drawn up in a single original in the Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Irish, Italian, Latvian, Lithuanian, Maltese, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish and Swedish languages, each text being equally authentic, shall be deposited in the archives of the Depositary.

    IN WITNESS WHEREOF, the undersigned Plenipotentiaries, duly authorised to this effect, have signed this Agreement.

    Done at …, this … day of … in the year …

    For the Kingdom of Belgium,

    For the Republic of Bulgaria,

    For the Czech Republic,

    For the Kingdom of Denmark,

    For the Federal Republic of Germany,

    For the Republic of Estonia,

    For Ireland,

    For the Hellenic Republic,

    For the Kingdom of Spain,

    For the French Republic,

    For the Republic of Croatia,

    For the Italian Republic,

    For the Republic of Cyprus,

    For the Republic of Latvia,

    For the Republic of Lithuania,

    For the Grand Duchy of Luxembourg,

    For the Republic of Malta,

    For the Kingdom of the Netherlands,

    For the Republic of Austria,

    For the Republic of Poland,

    For the Portuguese Republic,

    For Romania,

    For the Republic of Slovenia,

    For the Slovak Republic,

    For the Republic of Finland,

    For the Kingdom of Sweden and

    For the European Union

    __________________

    (1) Opinion of 4 December 2024 (OJ C, C/2025/776, 11.2.2025, ELI: http://data.europa.eu/eli/C/2025/776/oj).
    (2) Position of the European Parliament of 18 June 2025.
    (3) Judgment of the Court of Justice of 2 September 2021, Republic of Moldova v Komstroy, C‑741/19, ECLI:EU:C:2021:655, paragraph 66.
    (4) Council and Commission Decision 98/181/EC, ECSC, Euratom of 23 September 1997 on the conclusion, by the European Communities, of the Energy Charter Treaty and the Energy Charter Protocol on energy efficiency and related environmental aspects (OJ L 69, 9.3.1998, p. 1, ELI: http://data.europa.eu/eli/dec/1998/181/oj).
    (5) OJ L, 2024/2121, 6.8.2024, ELI: http://data.europa.eu/eli/declar/2024/2121/oj.
    (6) Final Act of the Conference on the European Energy Charter (OJ L 380, 31.12.1994, p. 24, ELI: http://data.europa.eu/eli/agree_internation/1994/998/oj).
    (7) Council and Commission Decision 98/181/EC, ECSC, Euratom of 23 September 1997 on the conclusion, by the European Communities, of the Energy Charter Treaty and the Energy Charter Protocol on energy efficiency and related environmental aspects (OJ L 69, 9.3.1998, p. 1, ELI: http://data.europa.eu/eli/dec/1998/181/oj).
    (8) Permanent Court of International Justice, Question of Jaworzina (Polish-Czechoslovakian Frontier), Advisory Opinion, [1923] PCIJ Series B, No. 8, p. 37.
    (9) International Court of Justice, Reservations to the Convention on the Prevention and Punishment of the Crime of Genocide, Advisory Opinion, [1951] I.C.J. Reports, 15, p. 20.
    (10) Judgment of the Court of Justice of 30 May 2006, Commission v Ireland, C-459/03, ECLI EU:C:2006:345, paragraphs 129 to 137.
    (11) Judgment of the Court of Justice of 6 March 2018, Achmea, C-284/16, ECLI EU:C:2018:158.
    (12) Judgment of the Court of Justice of 2 September 2021, Republic of Moldova v Komstroy, C‑741/19, ECLI:EU:C:2021:655, paragraph 66.
    (13) Opinion of the Court of Justice of 16 June 2022, 1/20, EU:C:2022:485, paragraph 47.
    (14) Judgment of the International Court of Justice of 5 February 1970, Barcelona Traction, Light and Power Company, Limited (ICJ Reports 1970, p. 3, paragraphs 33 and 35).

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: Highlights – FISC/SEDE: The European Defence Union: Tax Matters – Committee on Security and Defence

    Source: European Parliament

    The European Defence Union: tax matters © Image used under the license from Adobe Stock

    On 25 June, from 14:30 to 16:15, the FISC Subcommittee will host a joint public hearing with the SEDE Committee on “The European Defence Union: Tax Matters”. The hearing will focus on the legislative framework governing VAT exemptions for defence-related activities carried out under the EU’s Common Security and Defence Policy (CSDP).

    It will examine the 2015 Council Decision granting VAT exemptions to NATO and EU agencies for defence efforts supporting the implementation of Union activities, and assess how effectively Member States are applying these provisions. In particular, the discussion will explore the cooperation mechanisms between the European Commission, national Ministries of Finance, and Ministries of Defence in ensuring consistent and compliant implementation of the VAT exemptions. The panel will also address the operational and administrative challenges encountered in the field. The insights gathered will contribute to the broader debate on strengthening the fiscal framework underpinning European defence initiatives, including the European Defence Industry Programme (EDIP) and upcoming measures under the ReArm Europe Plan and Readiness 2030 strategy.

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Europe: Written question – Speeding up the review process of restricted zones and providing support to pig farmers affected by ASF – E-002312/2025

    Source: European Parliament

    Question for written answer  E-002312/2025
    to the Commission
    Rule 144
    Mariateresa Vivaldini (ECR), Carlo Fidanza (ECR), Daniele Polato (ECR), Stefano Cavedagna (ECR), Elena Donazzan (ECR), Giuseppe Milazzo (ECR), Nicola Procaccini (ECR), Alberico Gambino (ECR), Sergio Berlato (ECR), Paolo Inselvini (ECR), Giovanni Crosetto (ECR), Michele Picaro (ECR), Chiara Gemma (ECR), Pietro Fiocchi (ECR)

    African swine fever (ASF) is a dynamic disease which requires the list of restricted zones to be constantly updated. It is vital that these restrictions be promptly lifted if an area has successfully countered ASF by means of biosecurity measures, intensive surveillance, culls, carcass removals and the fencing and containment of wild boar and if an appropriate period of time has elapsed without any new outbreaks – a good example being the area east of the A1 motorway in Italy, which is currently classed as a type III restricted zone.

    Even that would not be enough to protect the pig farmers who have been affected, particularly as regards the serious indirect damages they are sustaining: in addition to not being able to work, breed pigs or export to foreign markets, they are grappling with unsustainable fixed costs, the depreciation and forced removal of their livestock and speculation by slaughterhouses. The survival of many companies and of the entire Italian PDO sector is at stake.

    In the light of the above:

    • 1.Will the Commission introduce forms of guarantee and support for the indirect damages suffered by farms located in the restricted zones?
    • 2.Will it ensure the prompt reassessment of the restricted status of zones where pig farms have successfully implemented ASF control measures – examples include the operations carried out in the Lazio Region in January 2025 and the measures that have been in place in Langhirano since 28 April 2025 – thus preventing further losses for the farmers concerned?

    Submitted: 10.6.2025

    Last updated: 18 June 2025

    MIL OSI Europe News –

    June 19, 2025
  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Zimbabwe

    Source: IMF – News in Russian

    June 18, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussions and decision.

    Harare, Zimbabwe: An International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski visited Harare from June 4 to June 18, 2025, to conduct the 2025 Article IV Consultation.

    At the conclusion of the IMF mission, Mr. Maliszewski issued the following statement:

    “Zimbabwe is experiencing a degree of macroeconomic stability despite lingering policy challenges. Following successive bouts of hyperinflation over the past few years, more disciplined policies—including halting and transferring to the Treasury the quasi-fiscal operations (QFOs) of the Reserve Bank of Zimbabwe (RBZ) and tighter monetary policy despite fiscal pressures—have helped stabilize the local currency (the ‘ZiG’) and reduce inflation. Growth this year is recovering following a sharp slowdown in 2024, which was affected by a drought that lowered agricultural output by 15 percent. Electricity production also fell, and declining prices for platinum and lithium weighed on the mining output. During the first half of 2025, better climate conditions and historically high gold prices have boosted agricultural and mining activity, strengthening the current account and contributing to the recovery, with growth projected at 6 percent in 2025.

    “Buoyed by the growth recovery and policy measures—a reduction in VAT tax reliefs, increased fees and levies, taxation of the COVID public servant allowance, and steps to reduce smuggling—revenue ratio increased sharply to 18 percent of GDP. That said, fiscal pressures intensified in 2024 and in the first months of 2025 as higher revenues proved insufficient to meet growing spending needs. These came notably from higher public sector wages, capital outlays related to a SADC summit, debt servicing costs on past QFOs by the RBZ taken over by the Treasury, and servicing liabilities related to the acquisition of assets for the Mutapa Investment Fund. The fiscal deficit was financed by T-bills issuance and direct borrowing from the RBZ’s overdraft facility to service debt, contributing to the expansion of domestic liquidity and an overnight drop in the value of the ZiG in September 2024, and a significant buildup of expenditure arrears that continued into 2025.

    “Following the overnight drop in the value of the ZiG, inflation spiked in October 2024 then declined significantly as both the willing-buyer willing-seller (WBWS) and parallel market rates have since stabilized, helping to bring month-on-month inflation down to an average of 0.5 percent over the period February to May 2025. At the same time, the gap between the WBWS and parallel market rates has narrowed significantly, but remains at around 20 percent. In this context, the mission welcomed the repeal of Statutory Instrument 81A of 2024—which had mandated the formal sector to use the WBWS rate in the pricing of goods and services, contributing to an increase in dollarization and informality.

    “To support the authorities’ stabilization efforts, key Article IV recommendations include: in the near term, fiscal policy actions to center on closing the financing gap without recourse to monetary financing and further domestic arrears buildup, while safeguarding social spending, and delivering a durable fiscal adjustment in the longer term; monetary and FX policy to focus on supporting a transition to stable national currency, with an effective monetary policy framework and market-determined exchange rate policy; and, to boost growth, structural and economic governance reforms. In this context, policy priorities include:

    • Fiscal. Closing a substantial fiscal financing gap for 2025 in a way consistent with available sustainable and non-inflationary financing. This would require rationalizing spending and increasing the effectiveness of the authorities’ strategy to run a cash budget through better planning and stronger political commitment to control spending. This would also require strengthening the public spending commitment control system to avoid further arrears accumulation; and a close monitoring of domestic arrears (including through an audit of remaining arrears). The 2026 Budget will be critical to establish a policy track record, and measures will be needed to close the fiscal gap in 2026. Over the medium term, fiscal adjustment should be accompanied by fiscal-structural policies to strengthen public financial management (PFM), expenditure controls, and budget credibility.
    • Monetary and FX. The mission recommends improving the functioning of the WBWS market through a more transparent price-setting mechanism and by gradually replacing surrender requirements with a requirement to convert export proceeds directly into the market through Authorized Dealers, while focusing the RBZ’s FX interventions to managing excessive volatility in the exchange rate. Monetary policy can be enhanced by the introduction of an effective deposit facility at the RBZ, followed by fully introducing indirect market instruments and phasing out direct instruments. In the longer-term, a comprehensive package of macroeconomic, financial, and structural policies should be pursued to allow for a gradual relaxation of other Capital Flow Management Measures (CFMs) and elimination of undesirable exchange restrictions noted by the Article VIII mission.
    • Mutapa Investment Fund and State-owned enterprises (SOEs). To mitigate fiscal risks, the mission recommends strengthening the governance framework for the Mutapa Investment Fund—including strengthening its reporting, audit, disclosure, and oversight requirements in line with international best practices—and the overall public sector transparency and reporting.

    “The authorities have also announced their plan to transition to a mono-currency system by 2030. The mission emphasized the need to continue strengthening the monetary and FX market framework in line with IMF staff recommendations. This should be complemented by measures to enhance the demand for ZiG in the domestic economy—most notably, increasing the share of Treasury’s operations (revenues and expenditures) in ZiG. To reduce any uncertainty weighing on financial intermediation, the authorities should provide more clarity on the operational implications of the transition plan, including clarifying that the use of a mono-currency will be limited to domestic transactions, allowing for bank deposits to remain denominated in both currencies.

    “In the context of the requested SMP, IMF staff stands ready to resume discussions in due course once decisive steps have been taken by authorities to address the key policy issues highlighted by the mission.

    “International reengagement remains critical for debt resolution and arrears clearance, which would open the door for access to external financing. In this context, the authorities’ reengagement efforts, through the Structured Dialogue Platform, are key for attaining debt sustainability and gaining access to concessional external financing.

    “The IMF maintains an active engagement with Zimbabwe and continues to provide policy advice and extensive technical assistance in the areas of revenue mobilization, expenditure control, financial supervision, debt management, economic governance, as well as macroeconomic statistics. However, the IMF is currently precluded from providing financial support to Zimbabwe due to its unsustainable debt situation—based on the IMF’s Debt Sustainability Analysis (DSA)—and official external arrears. An IMF financial arrangement would require a clear path to comprehensive restructuring of Zimbabwe’s external debt, including the clearance of arrears and a reform plan that is consistent with durably restoring macroeconomic stability; enhancing inclusive growth; lowering poverty; and strengthening economic governance.

    “IMF staff held meetings with His Excellency President Emmerson Mnangagwa; Minister of Finance, Economic Development and Investment Promotion Honorable Professor Mthuli Ncube, his Deputy Minister of Finance, Economic Development and Investment Promotion Honorable David Mnangagwa and his Permanent Secretary Mr. George Guvamatanga; Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu; Mr. Willard Manungo, Deputy Chief Secretary to the President and Cabinet; other senior government and RBZ officials; honorable members of Parliament; and representatives of the private sector, civil society, and Zimbabwe’s development partners.

    “The IMF staff would like to thank the Zimbabwean authorities and other stakeholders for constructive discussions and support during the 2025 Article IV consultation process.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25203-zimbabwe-imf-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    June 19, 2025
  • MIL-OSI Security: D.D.C. Cryptocurrency Investment Fraud Forfeiture Announcement

    Source: United States Attorneys General

    Thank you, United States Attorney Pirro. My name is Matthew Galeotti, and I am the Head of the Justice Department’s Criminal Division, which is over the Computer Crime and Intellectual Property Section (CCIPS).

    Today’s civil forfeiture complaint against over $225 million worth of cryptocurrency is the Department’s latest action in our ongoing fight against cryptocurrency fraud schemes, which the FBI estimates caused more than $9.3 billion in reported losses in 2024 alone. And $5.8 billion of those reported losses can be attributed to cryptocurrency investment fraud schemes, specifically.

    The criminal scheme alleged in the complaint laundered millions of dollars in cryptocurrency taken by fraud and deceit from over four hundred suspected victims who were misled to believe that they were making legitimate cryptocurrency investments. These scammers tried to conceal their actions, executing thousands of transactions across an extensive network of wallets and accounts to launder their ill-gotten gains.

    This is not the first action we’ve taken to hold cryptocurrency scammers to account—and it will not be the last. These schemes harm American victims and undermine investor confidence in the cryptocurrency ecosystem.

    Just last week, the Department announced the guilty pleas of five men who laundered over $36 million from victims of a cryptocurrency investment fraud scheme that operated out of Cambodia. These defendants face maximum penalties of between five and 20 years in prison.

    And last month, a federal District Court here in D.C. ordered the forfeiture of approximately $2.5 million worth of cryptocurrency associated with one of these schemes. And we also announced the seizure of an additional $868,247 worth of cryptocurrency from scammers.

    You’ve just heard from United States Attorney Pirro about why today’s announcement matters, and how you can protect yourself from falling victim to these schemes. But it bears emphasizing the points she made here today.

    The impact of these schemes on their victims can be devastating—both financially and personally—and this impact is compounded many times over by the sheer scale of these schemes.

    The FBI estimates that cryptocurrency investment fraud led to roughly $9.3 billion in losses in 2024 alone. Individuals over the age of 60 were the most affected, with roughly $2.8 billion in losses.

    To put it plainly, these are con artists. Protect yourselves by educating yourselves. Before considering any investment involving cryptocurrency, read the FBI’s web page about Cryptocurrency Investment Fraud and check if you see any of the “red flags” identified there. For example, if an unknown individual contacts you, do not release any financial or personal identifying information (PII) and do not send any money; verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites; and if an investment opportunity sounds too good to be true, it likely is.

    There are additional red flags on the FBI’s page and I encourage the public to review them carefully. 

    Today, I’m here to underscore the Department’s commitment to protecting the American public from these transnational criminal organizations—and to securing justice for victims. You are not alone. Our skilled investigators and prosecutors are working relentlessly to identify and hold to account those who seek to profit from harming our citizens. We will use every tool at our disposal to ensure that these crimes do not pay and to bring these perpetrators to justice. 

    MIL Security OSI –

    June 19, 2025
  • MIL-OSI Security: Head of the Criminal Division, Matthew R. Galeotti, Delivers Remarks in Cryptocurrency Investment Fraud Forfeiture Announcement

    Source: United States Attorneys General 13

    Thank you, United States Attorney Pirro. My name is Matthew Galeotti, and I am the Head of the Justice Department’s Criminal Division, which is over the Computer Crime and Intellectual Property Section (CCIPS).

    Today’s civil forfeiture complaint against over $225 million worth of cryptocurrency is the Department’s latest action in our ongoing fight against cryptocurrency fraud schemes, which the FBI estimates caused more than $9.3 billion in reported losses in 2024 alone. And $5.8 billion of those reported losses can be attributed to cryptocurrency investment fraud schemes, specifically.

    The criminal scheme alleged in the complaint laundered millions of dollars in cryptocurrency taken by fraud and deceit from over four hundred suspected victims who were misled to believe that they were making legitimate cryptocurrency investments. These scammers tried to conceal their actions, executing thousands of transactions across an extensive network of wallets and accounts to launder their ill-gotten gains.

    This is not the first action we’ve taken to hold cryptocurrency scammers to account—and it will not be the last. These schemes harm American victims and undermine investor confidence in the cryptocurrency ecosystem.

    Just last week, the Department announced the guilty pleas of five men who laundered over $36 million from victims of a cryptocurrency investment fraud scheme that operated out of Cambodia. These defendants face maximum penalties of between five and 20 years in prison.

    And last month, a federal District Court here in D.C. ordered the forfeiture of approximately $2.5 million worth of cryptocurrency associated with one of these schemes. And we also announced the seizure of an additional $868,247 worth of cryptocurrency from scammers.

    You’ve just heard from United States Attorney Pirro about why today’s announcement matters, and how you can protect yourself from falling victim to these schemes. But it bears emphasizing the points she made here today.

    The impact of these schemes on their victims can be devastating—both financially and personally—and this impact is compounded many times over by the sheer scale of these schemes.

    The FBI estimates that cryptocurrency investment fraud led to roughly $9.3 billion in losses in 2024 alone. Individuals over the age of 60 were the most affected, with roughly $2.8 billion in losses.

    To put it plainly, these are con artists. Protect yourselves by educating yourselves. Before considering any investment involving cryptocurrency, read the FBI’s web page about Cryptocurrency Investment Fraud and check if you see any of the “red flags” identified there. For example, if an unknown individual contacts you, do not release any financial or personal identifying information (PII) and do not send any money; verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites; and if an investment opportunity sounds too good to be true, it likely is.

    There are additional red flags on the FBI’s page and I encourage the public to review them carefully. 

    Today, I’m here to underscore the Department’s commitment to protecting the American public from these transnational criminal organizations—and to securing justice for victims. You are not alone. Our skilled investigators and prosecutors are working relentlessly to identify and hold to account those who seek to profit from harming our citizens. We will use every tool at our disposal to ensure that these crimes do not pay and to bring these perpetrators to justice. 

    MIL Security OSI –

    June 19, 2025
  • MIL-OSI: XRP Will Account for 14% of SWIFT’S Transaction Volume; PFM CRYPTO Launches Cloud Mining Contracts for XRP Holders; XRP User Base Surges 360%

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Liquidity solution has become a focal point of Ripple’s long-term vision. Affirming this, the Ripple CEO predicted that XRP may account for 14% of SWIFT’s global transaction volume at the XRP APEX 2025 conference in Singapore.

    This bold assertion reflects Ripple’s internal desire to use crypto-based liquidity to challenge traditional financial tracks. To support this liquidity-driven solution, PFM Crypto, a leading Cryptocurrency mining platform, launched a 2-day XRP mining contract aimed to inject more XRP into circulation, making the digital asset more accessible to everyday users.

    Click to view PFMCrypto homepage: https://pfmcrypto.net

    “Ripple’s bold assertion sets the tone for the future of decentralized finance, and we are here to align our platform’s offering with that vision by offering users an easy way to mine XRP and contribute to crypto liquidity in general.” said PFMCrypto CEO

    What Is PFMCrypto’s XRP Cloud Mining?
    PFMCrypto cloud mining is a remote cryptocurrency mining solution that supports a wide range of digital assets, including XRP. Users tap into PFMCrypto’s robust computing power to earn profits—without needing to buy mining hardware or manage technical maintenance. By lowering the threshold for mining XRP, PFM Crypto’s 2-day mining contract will directly promote the efficient development of the XRP ecosystem.

    Cryptocurrency mining remains one of the most cost-effective ways to gain value from cryptocurrency assets without users having to bear losses from price fluctuations. Compared to direct purchase, PFM Crypto’s mining model offers a low-risk, low-cost alternative for users interested in entering the XRP ecosystem.

    Get on the PFM Crypto 2-day XRP Mining Plan for Fast, Affordable, and Rewarding Cloud Mining.
    The newly launched 2-day XRP mining contract on PFM Crypto gives crypto miners an instant 24-hour reward – offering new users and crypto enthusiasts a lower barrier entry into cloud mining for as little as $10.

    On PFM Crypto, users get to earn XRP in real-time without the hassle of setting up the hardware or getting the technical knowledge required to manage it – just a secure and easy way to earn XRP. Additionally, the platform also gives new users a whopping $10 welcome bonus with which to start mining.

    Click here to register and claim your $10 welcome bonus.

    Why does PFM Crypto Lead the XRP Cloud Mining?
    While several protocols now offer XRP cloud mining service, PFM Crypto is set apart as the most trusted XRP mining platform in the space. With over 9.2 million users, crypto enthusiasts are reaping rewards every day without restriction.
    Two Things that Set PFM Crypto Offers Apart:
    1. Highest mining rewards: Unlike other platforms where users are subjected to hidden fees that eat deep into their earnings, PFM Crypto guarantees a transparent system that ensures maximum reward for your mining efforts.
    2. Instant withdrawal: Withdrawal is available 24/7 from the moment you join and start earning. Your rewards don’t just accumulate; it is accessible, too.

    Cloud Mining Contract Strategy: Powered by Real Results
    With the launch of the 2-day XRP contract, PFMCrypto is opening its high-performance cloud mining infrastructure to the public—free to access. Since its founding in 2018, the platform has expanded to over 9.2 million active users across 192 countries and regions, delivering exceptional results:
    2-Day Strategy: +6.6% return
    5-Day Strategy: +6.15% return
    15-Day Strategy: +20.7% return
    30-Day Strategy: +55.6% return
    These performance figures are not forecasts—they reflect real-world results from millions of users. This is made possible by PFMCrypto’s AI-powered profit optimization and results-focused mining model.

    Click here to view the full mining contract catalog.

    How to get started on the most trusted Cloud Mining platform in 2025
    1. Sign up on PC or mobile device here
    2. Receive a free $10 welcome bonus
    3. Active the first free cloud computing power with the bonus
    4. See a breakdown of your expected earnings and monitor rewards using its real-time analytical tool
    5. Access your free withdrawal anytime

    About PFMCrypto
    Founded in 2018, PFMCrypto represents a new generation of AI-driven cloud mining, built on data, performance, and trust. With a rapidly growing global user base, PFMCrypto stands out as one of the most promising crypto investment opportunities of the year—especially for investors seeking sustainable, long-term returns over speculation.
    Full details and participation: https://pfmcrypto.net

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/29bdd0f1-4894-4e8a-8a6f-4a34608eb729

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24b59cd5-ef80-4b28-a20c-58efbc27da32

    The MIL Network –

    June 19, 2025
  • MIL-OSI: Landis+Gyr Optimizes Total Cost of Ownership with Tessell on Google Cloud Platform as Its Digital Backbone for Smart Metering Applications

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., June 18, 2025 (GLOBE NEWSWIRE) —  Landis+Gyr, a leading global provider of integrated energy management solutions, has successfully optimized its total cost of ownership (TCO) and scaled its operations by migrating mission-critical Oracle workloads to Google Cloud Platform (GCP) with Tessell as its digital backbone. The initiative has empowered Landis+Gyr to modernize its infrastructure, improve real-time data processing, and deliver more intelligent energy solutions to utility customers worldwide.

    Operating across more than 30 countries, Landis+Gyr manages millions of smart meters that help utilities optimize grid performance and improve energy efficiency. Facing a surge in global energy demand and a growing need for real-time grid intelligence, Landis+Gyr recognized the urgency to migrate from legacy, on-premises systems to a more scalable, cloud-native environment.

    However, the migration of complex Oracle workloads—particularly Oracle Head End System (HES) and Meter Data Management (MDM) applications—posed a significant challenge. These systems were running on a Windows-based infrastructure that incurred high licensing costs, performance bottlenecks, and limited scalability.

    The Tessell-GCP Advantage

    Partnering with Tessell, Landis+Gyr executed a cross-platform migration from Windows to Linux while transitioning to GCP’s flexible, high-performance cloud infrastructure. Tessell’s Database-as-a-Service (DBaaS) platform enabled seamless migration of Oracle workloads, delivering:

    • Real-time data ingestion with sub-second latency
    • Over 99.99% application availability
    • 50% reduction in infrastructure costs
    • 60% labor efficiency gains for database administrators
    • Compliance with data residency regulations across regions

    “Tessell’s ability to execute complex Oracle migrations with precision allowed us to unlock significant operational and financial value,” said Martti Kontula, Head of OT & Data at Landis+Gyr. “Our smart metering applications now run with greater agility, enabling us to deliver better insights and services to our customers while setting the foundation for long-term growth.”

    Proof-of-Concept Validates Business Impact

    Before full implementation, Tessell executed a proof-of-concept (PoC) on GCP that validated the benefits of moving to a Linux-based system. The PoC confirmed that Landis+Gyr could meet demanding performance benchmarks including real-time smart meter data ingestion, system uptime, and throughput at scale.

    Transformative Outcomes

    • Increased scalability: GCP’s elastic infrastructure now supports the ingestion and processing of data from millions of smart meters, ensuring responsiveness during peak load times.
    • Reduced licensing and support costs: Transitioning from Windows to Linux eliminated unnecessary licensing fees and reduced maintenance overhead.
    • Streamlined operations: Automation of patching, updates, and lifecycle management freed up internal teams to focus on high-value innovation and analytics.
    • On-time data center exit: Landis+Gyr remains on track to fully decommission its legacy data centers, embracing a scalable cloud-first model.

    Landis+Gyr will continue working with Tessell to strengthen its high availability (HA) and disaster recovery (DR) capabilities, including:

    • Multi-zone, multi-region HA architecture on GCP
    • Automated cross-region DR with minimal data loss
    • Industry-compliant business continuity planning

    “With Tessell’s robust cloud platform and GCP’s global scale, Landis+Gyr is well-positioned to meet the rising demands of the energy sector while supporting its mission of creating a more sustainable and intelligent energy future,” said Bakul Banthia, Co-Founder of Tessell.

    For more information about Tessell and its DBaaS solutions, visit https://www.tessell.com/.

    About Tessell
    Tessell is a multi-cloud DBaaS platform redefining enterprise data management with its comprehensive suite of AI-powered database services. By unifying operational and analytical data within a seamless data ecosystem, Tessell enables enterprises to modernize databases, optimize cloud economics, and drive intelligent decision-making at scale. Through AI and Conversational Data Management (CoDaM), Tessell makes data more accessible, interactive, and intuitive, empowering businesses to harness their data’s full potential easily.

    About Landis+Gyr
    Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website www.landisgyr.com.

    Media Contact
    Len Fernandes
    Firecracker PR for Tessell
    len@firecrackerpr.com

    The MIL Network –

    June 19, 2025
  • MIL-OSI Russia: China criticizes EU Commission chief’s industrial policy remarks, calls for rejection of double standards

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 18 (Xinhua) — China’s Foreign Ministry on Wednesday expressed strong dissatisfaction and firm opposition to European Commission President Ursula von der Leyen’s recent remarks on China’s industrial subsidy policies, calling her words factually inaccurate and filled with bias and double standards.

    Chinese Foreign Ministry spokesman Guo Jiakun made the statement at a regular briefing in response to a journalist’s question about U. von der Leyen’s remarks at the G7 summit on June 16.

    China’s industrial subsidy policy adheres to the principles of openness, fairness and compliance with established norms, and strictly abides by the rules of the World Trade Organization, Guo Jiakun emphasized. According to him, China’s industrial development relies on the advantages of consistent technological innovation, a complete supply chain system, full-fledged market competition and abundant labor resources, which are due to the country’s actual capabilities rather than subsidies.

    As the diplomat emphasized, China’s new energy production capacity makes a significant contribution to the global fight against climate change and the energy transition. The so-called “overcapacity” problem, he noted, is essentially a projection of individual countries’ concerns about their own competitiveness and market share, which they intend to use as a pretext to justify protectionist measures.

    The official representative pointed out that in recent years the European Union has been continuously implementing industrial policy measures, providing a significant amount of subsidies to support European enterprises, and even openly offering to give preference to purchasing products from European manufacturers.

    The EU plans to provide more than €1.44 trillion in various subsidies from 2021 to 2030, with more than €300 billion already provided by 2024, Guo Jiakun said, citing incomplete statistics.

    According to him, at a time when the EU is striving to stimulate economic growth and increase competitiveness, it needs to abandon double standards and move towards greater openness in cooperation.

    In the 50 years since the establishment of diplomatic relations, cooperation between China and the EU has yielded fruitful results and brought tangible benefits to both sides, the official said, assuring that China, while continuing to firmly adhere to high-level opening up, will continue to provide European companies with its vast market and development opportunities.

    China hopes to strengthen communication and coordination with the European side and properly handle trade differences to achieve win-win results and common development, Guo Jiakun said. At the same time, he added, China firmly opposes any attempt to undermine its right to development or sacrifice Chinese interests for its own gains. –0–

    MIL OSI Russia News –

    June 19, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Iceland

    Source: IMF – News in Russian

    June 18, 2025

    • Growth decelerated in 2024 but is expected to rise to 1.6 percent in 2025 and 2.2 percent in 2026, while inflation is projected to decline to the Central Bank of Iceland’s 2.5 percent target in the second half of 2026. The direct impact of escalating global trade tensions is projected to be limited.
    • The authorities’ plans to turn the fiscal deficit in 2024 into a surplus by 2028 are appropriate given the need to rebuild buffers; details on the planned fiscal measures to achieve these targets have enhanced the credibility of the consolidation. Monetary policy is suitably tight given still elevated inflation, but the monetary stance should be reduced as inflation declines. Efforts to raise foreign exchange reserve coverage are welcome.
    • Investments in physical and human capital, alongside continued efforts to promote innovation and reduce skills mismatches are needed to support medium-term growth. Taxation can play a supportive role in reducing housing market imbalances.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Iceland.[1] The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    The economy decelerated in 2024 to 0.5 percent due largely to weak exports from a disappointing fishing season and constraints on energy supply that curtailed aluminum production. Growth is expected to rebound to 1.6 percent in 2025 and 2.2 percent in 2026, driven by a recovery in exports, higher real wages, and continued monetary easing that more than offsets the impact of a moderately contractionary fiscal impulse. The impact of escalating global trade tensions is projected to be limited given that most goods exports are destined for Europe. Inflation is expected to gradually decline to the Central Bank of Iceland’s 2.5 percent target in the second half of 2026. Medium-term prospects are favorable, with continued diversification of the economy toward higher value-added export-oriented sectors anticipated to bolster productivity growth and inflows of foreign labor expected to support a modest increase in employment growth.

    Risks to growth are tilted to the downside while risks to inflation are broadly balanced. In particular, the impact of rising global trade tensions could be larger than anticipated if tariffs are extended to currently exempted items (e.g., pharmaceuticals) or if a reduction in travel to and from the US negatively affects tourism. Inflation could increase if trade tensions trigger supply disruptions or capital outflows, if a premature loosening of monetary policy further de-anchors inflation expectations, or as result of second-round effects from higher wage growth. Conversely, capital inflows could result in an appreciation of the exchange rate that would weaken competitiveness and put downward pressure on inflation.

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed the prudent macroeconomic policies, which have helped to reduce imbalances. While noting that medium‑term growth prospects are favorable, Directors observed that risks are tilted to the downside, notably from rising trade tensions. They emphasized the need to ensure macroeconomic stability and gradually rebuild fiscal buffers, while supporting stronger growth and reducing vulnerability to shocks.

    Directors welcomed the ambitious fiscal targets and the improved transparency and credibility around the planned consolidation. They highlighted that increased infrastructure spending would help to close gaps in transport and energy and bolster growth prospects. Directors saw merit in implementing additional measures, if necessary, to achieve fiscal objectives. Noting the need to reduce procyclicality in fiscal policy, Directors supported the planned activation of revised fiscal rules in 2026. They also recommended measures to strengthen the Fiscal Council and increase the coverage and frequency of fiscal data. 

    Directors noted that price pressures remain elevated and agreed that tight monetary policy remained appropriate. They encouraged the Central Bank of Iceland (CBI) to gradually loosen the policy stance as inflation declines towards target and expectations become reanchored. Directors saw merit in transitioning to a more forecast‑based inflation targeting framework as uncertainty declines. Noting the importance of increasing reserves to more prudent levels, Directors welcomed the CBI’s decision to commence regular purchases of foreign exchange.  

    Directors welcomed that systemic risks in the financial sector are contained. They highlighted the need to remain vigilant to potential vulnerabilities in the housing market and the corporate sector, and to continue strengthening operational resilience. Directors saw scope to ease macroprudential policies should systemic risks recede as anticipated. While welcoming the progress on implementing FSAP recommendations, Directors urged further efforts to enhance pension fund governance, strengthen AML/CFT supervision of banks, and safeguard the independence and effectiveness of the CBI’s supervisory activities. 

    Directors emphasized the importance of reforms to bolster productivity and diversify the economy, including by improving infrastructure and supporting innovation. Important measures include reducing skill mismatches, maximizing the efficiency of R&D incentives, and promoting AI while mitigating related risks. Directors welcomed plans to increase housing supply and improve housing affordability. 

    It is expected that the next Article IV consultation with Iceland will be held on the standard 12‑month cycle. 

    Table 1. Iceland: Selected Economic Indicators, 2024–30

     

    2024

    2025

    2026

    2027

    2028

    2029

    2030

       

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

     

    (Percentage change unless otherwise indicated)

    National Accounts (constant prices)

                 

    Gross domestic product

    0.5

    1.6

    2.2

    2.4

    2.4

    2.4

    2.4

    Total domestic demand

    2.3

    1.5

    0.6

    2.2

    2.4

    2.4

    2.3

    Private consumption

    0.6

    2.2

    2.4

    2.5

    2.6

    2.6

    2.6

    Public consumption

    2.5

    1.5

    1.3

    1.0

    1.0

    1.0

    1.0

    Gross fixed investment

    7.5

    4.1

    -3.2

    2.8

    3.2

    3.2

    3.2

    Net exports (contribution to growth)

    -1.8

    -0.3

    1.6

    0.3

    0.1

    0.0

    0.2

    Exports of goods and services

    -1.2

    3.3

    3.0

    3.3

    3.1

    3.0

    3.2

    Imports of goods and services

    2.7

    3.9

    -0.7

    2.7

    2.9

    2.9

    2.9

    Output gap (percent of potential output)

    1.0

    0.2

    0.0

    0.0

    0.0

    0.0

    0.0

                   

    Selected Indicators

                 

    Unemployment rate (percent of labor force)

    3.4

    3.9

    4.0

    4.0

    4.0

    4.0

    4.0

    Employment

    4.1

    0.4

    0.9

    1.1

    1.1

    1.1

    1.1

    Labor productivity

    -3.3

    1.2

    1.3

    1.3

    1.3

    1.3

    1.3

    Real wages

    0.5

    1.4

    1.3

    1.3

    1.3

    1.3

    1.3

    Nominal wages

    6.4

    4.9

    4.4

    3.8

    3.8

    3.9

    3.8

    Consumer price index (average)

    5.9

    3.5

    3.0

    2.5

    2.5

    2.5

    2.5

    Consumer price index (end period)

    4.7

    3.6

    2.5

    2.5

    2.5

    2.5

    2.5

    ISK/€ (average)

    164

    …

    …

    …

    …

    …

    …

     

     

    Money and Credit (end period)

                 

    Credit to nonfinancial private sector

    8.1

    5.6

    5.6

    5.6

    5.6

    5.6

    5.7

    Central bank 7 day term deposit rate 1/

    8.50

    7.50

    …

    …

    …

    …

    …

     

    (Percent of GDP unless otherwise indicated)

    General Government Finances 2/

    Revenue

    42.8

    43.2

    42.4

    42.4

    42.4

    42.5

    42.6

    Expenditure

    46.3

    44.5

    43.2

    42.9

    42.8

    42.7

    42.7

    Overall balance 3/

    -3.5

    -1.3

    -0.7

    -0.5

    -0.3

    -0.2

    -0.1

    Cyclically-adjusted primary balance

    -1.5

    0.7

    0.9

    1.2

    1.4

    1.6

    1.7

    Structural primary balance 4/

    0.7

    1.1

    1.1

    1.3

    1.4

    1.6

    1.7

    Gross debt

    59.1

    47.7

    45.4

    43.6

    41.7

    39.9

    38.1

                   

    Balance of Payments

                 

    Current account balance

    -2.5

    -2.6

    -0.5

    0.0

    0.4

    0.7

    1.0

    Gross external debt

    67.0

    65.4

    61.6

    58.5

    55.4

    52.4

    49.5

    Sources: Central Bank of Iceland; Ministry of Finance; Statistics Iceland; and IMF staff projections.

    1/ For 2025, policy rate as of May.

    2/ In April 2025, an agreement was reached on the settlement of remaining outstanding liabilities in the IL Fund (HFF).

    3/ For 2024, the deficit now includes 1.2 percent of GDP in costs related to the purchase of houses in Grindavík that in the 2024 Article IV were classified below the line due to uncertainty about the correct statistical treatment.

    4/ Cyclically-adjusted primary balance excluding one offs.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/iceland page.

    [3] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25201-iceland-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    June 19, 2025
  • MIL-OSI Russia: The Gambia: IMF Executive Board Approves Resilience and Sustainability Facility Arrangement and Completes the Third Review Under the Extended Credit Facility Arrangement

    Source: IMF – News in Russian

    June 18, 2025

    • The IMF Executive Board approved a new 18-month arrangement under the Resilience and Sustainability Facility (RSF) for The Gambia for an amount equivalent to about US$63.55 million, to help the authorities improve macroeconomic resilience and build policy buffers against climate shocks. The Executive Board also completed the third review under the existing Extended Credit Facility (ECF) arrangement, enabling immediate disbursement of about US$16.95 million.
    • Despite substantial downside risks, The Gambia’s economic outlook remains positive, with growth expected to reach 5.7 percent in 2025 and inflation returning to single digits.
    • The Gambia has made good progress in implementing their economic reform program despite fiscal policy challenges. Key priorities include increasing domestic revenue and advancing with fiscal consolidation to safeguard debt sustainability while strengthening social and spending.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) has approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF) for The Gambia in the amount of SDR 46.65 million (about US$63.55 million), with disbursements to begin when the first review of the arrangement is completed. The RSF arrangement will help the authorities tackle challenges posed by climate change and reinforce the country’s long-term resilience by strengthening the legal framework and institutional environment, green public finance management, climate data and transition taxonomy, adaptation and resilience, and the energy transition.

    The Executive Board also completed the third review of The Gambia’s Extended Credit Facility (ECF) arrangement, approved on January 12, 2024, supporting reforms to address long-standing structural impediments to inclusive growth. The completion of the review allows for the immediate disbursement of SDR 12.44 million (about US$16.95 million), bringing total disbursements under this arrangement to SDR 37.31 million (about US$50.82 million).

    The Gambia’s economic outlook remains positive, with real GDP estimated to expand by 5.7 percent in 2025, supported by continuous recovery in the tourism sector and good performance in the agricultural and construction sectors. Headline inflation has gradually declined, reaching 8.1 percent by end-April 2025. The outlook is subject to significant downside risks stemming from global uncertainty.

    While the authorities remain committed to the objectives set out in the ECF arrangement and revenue collection has been strong, unbudgeted spending pressures including from the National Water and Electricity Corporation (NAWEC) continue to weigh on fiscal balances. Going forward, steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    The Executive Board approved the authorities’ request for waivers of nonobservance of the performance criterion on the end-June 2024 floor on the domestic primary balance and the end-December 2024 ceiling on net domestic borrowing, based on corrective actions taken.

    Following the Executive Board’s discussion, Deputy Managing Director Bo Li issued the following statement:

    “The Gambia’s economic momentum remains robust, with resilient growth and gradually declining inflation. Program implementation has been mixed, showing satisfactory adherence to quantitative performance criteria and indicative targets but delays in meeting structural benchmarks. The authorities have reiterated their commitment to their reform agenda despite ongoing global geopolitical uncertainties.

    “The authorities plan to offset the carryover of 2024 spending commitments and unbudgeted transfers by restraining non-priority spending in 2025. Adhering to the fiscal consolidation and fiscal targets for 2025 is vital for reducing fiscal risks and ensuring debt sustainability. Enhancing revenue collection to build additional fiscal buffers is also critical. Improving public financial management to prevent domestic arrears and better control multi-year commitments will support fiscal discipline and accountability. Furthermore, it is essential to limit fiscal risks from state-owned enterprises and public-private partnerships.

    “The Central Bank of The Gambia’s tight and data-dependent monetary policy is appropriate and should ensure that inflation converges to the medium-term target. The foreign exchange market is functioning smoothly following the new foreign exchange policy implementation, and it is crucial to maintain an exchange rate that reflects market forces. The central bank’s commitment to cease direct financial support to public entities is a welcome measure to protect its balance sheet. Strengthening its regulatory capacity and risk-based supervision is essential to preserve the financial sector’s stability.

    “Progress with structural reforms is necessary to enhance governance and improve the business environment, thereby promoting private sector development and job creation. Implementation of recommendations from the recent governance diagnostic and prompt appointment of an anti-corruption commission are essential. 

    “Steadfast implementation of the authorities’ climate agenda under the newly approved Resilience and Sustainability Facility (RSF) arrangement will complement the Extended Credit Facility in bolstering economic resilience and reducing balance of payment risks. The RSF is expected to foster tighter coordination among domestic stakeholders and development partners. It will be important to carefully sequence reforms under both arrangements, supported by targeted capacity development.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25202-gambia-imf-apprv-resil-sustain-facil-arrange-completes-the-3rd-rev-under-ecf-arrange

    MIL OSI

    MIL OSI Russia News –

    June 19, 2025
  • MIL-OSI Global: How discussion becomes discord: Three avoidable steps on the path to polarization

    Source: The Conversation – Canada – By Emma Lei Jing, Assistant Professor, People and Organizations, Neoma Business School

    From tariffs and sovereignty to politics and conflict, there’s no shortage of controversial topics for us to grapple with. (Shutterstock)

    Many of us have become immersed in debates with family about a contentious political issue, or found ourselves on the other side of a political divide than our friends. In these contentious times, it can be all too easy for courteous debate to devolve into polarized discord.

    From tariffs and sovereignty to politics and conflict, there’s no shortage of controversial topics for us to grapple with. Canada just emerged from a divisive federal election, while in the United States, President Donald Trump signed a record 143 executive orders in his first 100 days in office, many of which touched on contentious topics.

    We recently conducted a study on the debate around harm reduction. Here in Canada, supervised consumption sites is one issue that has generated support and opposition from community members, healthcare and government agencies, police, addiction services and many others. And it has led to some becoming entrenched in polarized positions.

    Our research traced a path which led participants farther apart. Eventually, opposing camps became deeply divided and unwilling to engage with anyone holding different views, and it didn’t happen at random.

    What went wrong, and what set opposing groups on the path to discord?

    Signposts on the path to polarization

    Through an in-depth qualitative case study of addiction services in Alberta, our analysis showed that when the topic of harm reduction was first introduced, arguments were based mostly on evidence and reason.

    Harm reduction proponents pointed to the life-saving benefits of harm reduction and the inadequacies of traditional approaches, whereas opponents talked about the effectiveness of more traditional approaches.

    We saw genuine, and sometimes successful, efforts to persuade those who disagreed to change their minds.

    However, we identified a systematic progression from civil discourse to the formation of echo chambers. From that, we offer ways to steer conversations from developing into irreconcilable echo chambers.

    When emotions rise, people talk less about the pros and cons of an approach and more about what should be the right approach.
    (Shutterstock)

    Phase 1: Emotion deepens the divide

    In the case of the harm reduction debate, an opioid crisis shook Alberta. A steep increase in overdose deaths heightened urgency and intensity around the debate and ushered in more emotionally charged arguments. Before long, a moral component developed in the debate.

    When emotions rise, people talk less about the pros and cons of an approach and more about what should be the right approach.

    Disagreements escalate as the discussion veers away from logic and arguments become more morally and emotionally charged. This heightened a sense of being right, and the opposite view being wrong, provides fertile ground for polarization.

    This phase is where there is the greatest opportunity to change course. Be aware of the rising emotional energy. If the debate is getting heated, avoid framing arguments in terms of what’s right and wrong and stay focused on evidence and reason.

    Phase 2: Heightened hostility

    This is where things get personal.

    As emotional rhetoric takes hold, participants pull farther apart and animosity grows. They start characterizing people on either side of the debate as morally right or wrong.

    Just as we saw in phase one, a watershed event deepened the divide in Alberta. A newly elected provincial government took a distinctly different approach than the previous government, leaving advocates on one side feeling vindicated and their opponents shocked, dismayed and angry.

    In phase two, the issue itself takes a back seat, and participants started blaming their opponents for making matters worse. There is less dialogue about an approach being right or wrong, and more about the people involved being right or wrong.

    This is possibly the last chance to turn things around. At this point, we should be mindful about the importance of neutral and respectful language. One way to do this is by avoiding making things personal, such as blaming one another for a situation.

    Disagreements escalate as a discussion veers away from logic and arguments become more morally and emotionally charged.
    (Shutterstock)

    Phase 3: Disdain, disgust and self-isolation

    By now, logical arguments have been abandoned, replaced with intense expressions of disgust and disdain for opponents. No longer interested in persuading the other side, the focus shifts to solidifying a position as both sides withdraw from debate and only engage with like-minded people.

    In our study, this phase, like the previous phases, was brought on by a distinct event. A second provincial election ushered in an abrupt reversal in leadership and harm reduction policies. Any attempts to work together were abandoned and participants started entrenching themselves in self-constructed echo chambers.

    In this most devastating and possibly irreparable phase, we noted that the rhetoric wasn’t even about what was right or wrong anymore. It was more about expressing disgust toward one another, leaving no room for facts, evidence or even different opinions, firmly establishing two entrenched sides.

    Moral convictions and emotions play a critical role in escalating disagreements. The damage caused when civil arguments are subtly replaced with moral convictions and moral emotions can impact how we co-operate and interact with one another, even in our day-to-day conversations with families and friends.

    In the context of addiction services in Alberta, there has now been an extended period of “cooling down” where both sides are taking a wait-and-see approach. We suggest that this is creating a climate where an engaged discussion with fact-based arguments can again be possible.

    But even better would be a more proactive approach where participants of a debate recognize the warning signs and take actions early.

    Trish Reay received funding from the Social Sciences and Humanities Research Council that supported this research.

    Elizabeth Goodrick, Emma Lei Jing, and Jo-Louise Huq do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. How discussion becomes discord: Three avoidable steps on the path to polarization – https://theconversation.com/how-discussion-becomes-discord-three-avoidable-steps-on-the-path-to-polarization-257709

    MIL OSI – Global Reports –

    June 19, 2025
  • MIL-OSI Africa: Qatar Participates in Senior Officials Meeting on Afghanistan

    Source: Government of Qatar

    Brussels, June 18, 2025

    The State of Qatar participated in the Senior Officials Meeting 2025 on Afghanistan (SOM 2025), which was held in the Belgian capital of Brussels, with the participation of representatives of the European Union (EU), United Nations (UN), World Bank, the G7 countries, as well as several regional countries and humanitarian organizations. 

    In the meeting, the State of Qatar’s delegation was led by Acting Director of the International Cooperation Department at the Ministry of Foreign Affairs Sultan bin Ahmed Al Asiri. 

    During the meeting, Al Asiri emphasized the importance of strengthening humanitarian efforts in Afghanistan and ensuring that aid reaches the most vulnerable groups in light of the political and economic challenges that the country is facing. 

    He also stressed the importance of collective action and coordinated initiatives to ensure a tangible and sustainable impact on relief and development efforts, highlighting the role that donor countries and humanitarian organizations can play in supporting Afghan society’s capacity-building for resilience and recovery. 

    Acting Director of the International Cooperation Department at the Ministry of Foreign Affairs affirmed the State of Qatar’s commitment to continuing to support the Afghan people, working with international partners to ensure respect for the principles of international humanitarian law, and promoting comprehensive development solutions that guarantee stability and dignity for all.

    MIL OSI Africa –

    June 19, 2025
  • MIL-OSI Russia: Moscow presents key city projects at SPIEF-2025 — Sergei Sobyanin

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital traditionally takes part in the St. Petersburg International Economic Forum (SPIEF) and presents key projects in the economy, transport, industry, construction, culture, social and other spheres. This was reported by Sergei Sobyanin in his telegram channel.

    “At the Moscow Government stand, visitors will be able to familiarize themselves with the key economic indicators of the capital. On interactive panels, they will be able to learn about the supplier portal, where entrepreneurs and organizations from 42 regions of the country work, as well as how Moscow companies increase labor productivity,” the Moscow Mayor noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    A separate space is dedicated Moscow metro, which turned 90 this year. The stand also features a model of the newest train, Moscow-2026.

    You can get to know the Moscow of the future thanks to VR walks in the urban development zone. Visitors can be the first to study the details of large-scale projects – the new Great Moscow Circus and the development Mnevnikovskaya floodplainHere they will also show how the metro is being built using a tunnel boring machine and what centers of economic activity will appear on the map of the capital.

    “Visitors will see how electric batteries for urban transport are created. Soon they will also be assembled at the Krasnaya Pakhra site in the Technopolis Moscow SEZ, where the first cluster for the production of batteries for electric transport in Russia is being formed,” added Sergei Sobyanin.

    In addition, they will be offered to go to the most high-tech sites of the capital. Thus, the shuttle of the future will “take” to the special economic zone “Technopolis Moscow”. And guests will also get acquainted with the technologies of the innovative elevator Karacharovsky mechanical plant.

    The stand will also tell about the largest resource center “Mosvolonter”, project “Youth of Moscow” and ways to support the capital’s non-profit organizations (NPOs).

    Moscow Mayor Tells How the City Supports Good Deeds of Moscow NGOs

    In the section dedicated to the social sphere, you can see a unique installation of the new complex of the N.V. Sklifosovsky Research Institute of Emergency Care, as well as an interactive map with key objects of Moscow medicine. In addition, visitors will learn about the development of secondary vocational education first-hand – from students of the capital’s colleges.

    Forum guests are invited to the “Moscow” store, where goods produced in the capital are presented. There are also products from program participants there “Made in Moscow”.

    Everyone will be able to visit the VDNKh metaverse. This is a unique interactive educational project for a walk around the main exhibition of the country from any corner of Russia.

    The Moscow Culture block features the capital’s theaters, museums, parks, zoo, concert venues and events. Visitors will also be introduced toMoscow Film Cluster and the first in Russia Video Game and Animation Cluster.

    “This year, the Moscow stand is very large-scale, technologically advanced and clearly demonstrates the great teamwork of all industries for the benefit of the city and its residents. We still have many new heights ahead of us,” concluded the Mayor of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv.mos.ru/mayor/tkhemes/12958050/

    MIL OSI Russia News –

    June 19, 2025
  • MIL-OSI: Music Licensing, Inc. Announces Entry of Final Default Judgment Totaling $187,624.95 USD Plus Interest

    Source: GlobeNewswire (MIL-OSI)

     

    NAPLES, FL, June 18, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, announces the entry of a Final Default Judgment in its favor in the amount of $187,624.95 USD, as reflected in a recent court filing in Collier County, Florida.

    This judgment accrues interest at a rate of 9.15% per annum until paid in full, as mandated by applicable law. The judgment reflects Music Licensing, Inc.’s continued commitment to enforcing its legal rights and protecting the value of its intellectual property assets and contractual obligations.

    This outcome underscores Music Licensing, Inc.’s resolve in pursuing remedies through all appropriate legal avenues when obligations to the company remain unfulfilled.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

    June 19, 2025
  • MIL-OSI USA: ICYMI—Hagerty Joins Wake Up America on Newsmax to Discuss Conflict in Middle East, Budget Reconciliation

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Wake Up America on Newsmax to discuss the conflict in the Middle East, along with the budget reconciliation package.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on the stark contrast between Biden’s and Trump’s posture toward Iran: “What the Democrats did when they were in power is, actually, embolden Iran to do exactly what they’re doing. If you think about it, I worked in President [Donald] Trump’s first administration as U.S. Ambassador. We put the ‘Maximum Pressure Campaign’ on Iran. They were running out of money; they were broke. What does [former President Joe] Biden do? [He] comes back in and reimplements the Obama policies, flush with cash. Iran begins to pedal terror throughout the Middle East. That brought us the October 7th, 2023, massacre in Israel. The Houthis, basically, shut down the Red Sea. The Iranians have been fomenting terror all around the region. The time has come for this to stop. Israel has stepped up and put Iran in a very difficult situation. President Trump has some very important cards right now, and I don’t think the Senate should be interfering with him. I think this can be resolved in days.”

    Hagerty on Iran’s weak negotiating position: “I think the Iranian hand gets weaker by the day. Every missile they shoot [is] one less that they have in their stockpiles. They can’t replenish every time they shoot. They’re identifying a launch site that the Israelis can take out. The story is getting worse and worse and worse for the Iranian regime. I think the Ayatollahs need to hear it loud and clear: President Trump has been consistent in what he’s said for both the 45 term and the 47 term. Iran will not have a nuclear weapon. The Ayatollahs now need to figure out what their best path is, but they need to come to the table very quickly. This needs to come to an end.”

    Hagerty on the need to resolve the situation quickly: “President Trump is tired of the carnage. He’s told me so himself. He wants to see this come to an end. He wants to see it come to an end swiftly. But you know that President Trump will take decisive action when need be. He’s the one who decided to take out Soleimani. What did that do? It actually calmed the region. He’s letting the Ayatollahs know that this is serious. He wants this resolved. He’s given them every chance to do it, but they have very limited time window left.”

    Hagerty on the budget reconciliation package negotiations:
    “The biggest sticking point of all is the fact that if we don’t get this done, the American public’s going to feel a tax increase like we’ve never felt before, north of $4 trillion. The White House budget model suggests that if that were to happen, we would see the GDP of the United States decline by six percent in 2026. We can’t let that happen. This bill is designed to stimulate more investment, more capital investment in America, which will create more jobs and more economic activity. The sooner we can make that happen, the sooner our economy takes off. So, I think one of the critical elements here that we need to talk about is, frankly, the speed to get this to the President’s desk. So, I’m all for getting this done by the 4th of July. Let him sign it. There are improvements that are underway right now here in the Senate. The senators that have been very focused on this are trying to make the bill more conservative. I’m all for that. We’ve got a real spending problem here in America, but we also have a problem of uncertainty. That uncertainty is, basically, forcing U.S. employers to hold back on the investments that they would normally make. I want to make certain that we get this done quickly, that certainty is returned to the marketplace, and we see capital investment moving, yet again, so that the America that we all know and love, under President Trump’s first term, will come back growing at twice the rate of any other major economy in the world […] I know that Leader [John] Thune is in very close contact with the House of Representatives, and it’ll probably be close on both sides because we’re going to make it as conservative as we possibly can, yet still hold 50 votes here and hold the House. So, that’s the negotiation that’s taking play. It’s complicated, but I think everybody understands the timelines, and I think everyone understands how crucial it is to get this done.”

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: McConnell Opening Statement at SAC-D Hearing on FY 26 Budget Request for the Army

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY), Chairman of the Senate Appropriations Subcommittee on Defense, convened today’s hearing “A Review of the President’s Fiscal Year 2026 Budget Request for the Army”. Prepared text of his opening statement follows:

    “With us today are the Secretary of the Army, Dan Driscoll, and the Chief of Staff of the Army, General Randy George. Welcome to you both. And happy belated birthday to the U.S. Army.

    “Secretary Driscoll, I’m glad you were able to visit Fort Knox yesterday. As I’m sure you found, far more important than the gold are the fine soldiers and civilians who serve there.

    “We appreciate that both of you are willing to serve our nation at a consequential moment for the Army, the Department of Defense, and U.S. national security. And we’re deeply grateful to the soldiers you lead for their bravery and sacrifice at the tip of the spear.

    “The recent losses of Army personnel in training incidents in Lithuania, Hungary, and Iraq are reminders of the risks U.S. servicemembers take every day to keep us safe. Matching the Army’s structure and capabilities to tomorrow’s challenges while preserving its ability to fight today is essential work. The Army’s history reminds us that we don’t always get to choose the types of war we fight, and must prepare for all contingencies.

    “Congress has backed the Army through a litany of failed modernization programs like Future Combat Systems or Crusader. We’ve watched new requirements, cost overruns, and adversary advances undermine their rationale before they became operational. If the Administration made the case for sustained increases in defense spending, the Army would have a stronger hand when asking Congress to take risks on new initiatives. But net cuts to defense spending make it harder to balance the Army’s current and future requirements. In the face of growing threats, pursuing generational change on the cheap is risky business.

    “As you work with the Congress on the Army Transformation Initiative, I hope you will look to the Marine Corps’ own controversial modernization program as a model of transparency and building trust.

    “Congress has a constitutional obligation to provide for the common defense and steward taxpayer dollars responsibly. And we don’t serve either the taxpayer or the common defense with blank checks for vaguely-defined priorities.

    “We want to see the analysis behind the specific bets the Army wants to place on ATI. We want to understand the second-order effects on industry, other services, and allies. Certainly, the Army needs to be better equipped to face Indo-Pacific contingencies, and we’ll want to understand how ATI intends to achieve this objective.

    “Tomorrow’s Army will need to integrate existing systems and modernized capabilities…Sustain existing industrial relationships and welcome new entrants to the defense enterprise. This is not a zero-sum proposition. And if it’s time to walk away from certain legacy programs, the Army will need to show its work. For example, if it’s time to move on from the Joint Light Tactical Vehicle, why did the Army sign an $8 billion contract two years ago to procure more? Why did the Army not coordinate its termination decision for a joint program with the Marine Corps and the other services to gauge whether such a decision would put their budgets, operational capabilities, or readiness at risk? And what is the impact on the defense industrial base the Army relies on?

    “Services have to think through the industrial implication of such decisions. This isn’t an argument to buy vehicles the Army doesn’t need, but a recommendation to consider how existing manufacturing capacity can be put to better use in light of changing requirements. The Army’s abrupt decision to terminate the Robotic Combat Vehicle program also reinforces a tendency to abandon promising capabilities midstream. This signals unreliability to industry partners willing to invest their own capital in future military technologies – in this case, precisely the kind of innovative tech company the Army claims it wants to foster.

    “Of course, when we understand the Army’s challenges and objectives, we can help you achieve them. For example, we combed through unexecutable resources in the FY25 request and found resources to fully fund the Army’s number one unfunded priority for counter-UAS capabilities. Why such an important requirement was unfunded in the first place, however, raises more fundamental questions about the Army and Department’s own budget process. We also provided additional flexibility in funding to address UAS and counter-UAS challenges. And we invested in solid rocket motor production in excess of the previous Administration’s official requests to help advance much-needed replenishment of air-defense interceptors and long-range fires. If the Army shares our concern about a paucity of air defense and counter-UAS capabilities, I hope you can explain why there is so little funding for proven systems like CIWS.

    “This spring, Secretary Hegseth identified modernizing and sustaining the organic industrial base as an urgent priority. When we hear that the Army is considering mothballing purpose-built munitions production facilities already at your disposal, it raises questions about your intent to meet this directive.

    “Army Depots in states like Kentucky, Arkansas, and Alabama have already built trust with local communities and assembled skilled workforces. And they continue to attract interest in new public-private partnerships. That would be a win-win for modernization. So I fail to see how cutting this essential, existing capacity will help the Army reach the production levels needed to meet growing demands.

    “I regret that the Army is being tasked with doing more with less. But it’s increasingly likely that looming challenges will test us in multiple theaters simultaneously. That we don’t have the magazine depth for today’s fights, much less the capabilities we need for tomorrow’s.

    “Certainly, we can’t expect to keep pace with a pacing threat in the Indo-Pacific, or adversary alignment across the globe, if our base defense budget can’t even keep pace with inflation.

    “This subcommittee hopes to be an active partner in the Army’s modernization efforts. But we can’t expect success on a shoestring budget. Mr. Secretary, General George – I’ll look forward to hearing your views on these topics. And we’ll turn to you momentarily for opening comments.”

    MIL OSI USA News –

    June 19, 2025
  • PM Modi receives special gift in Zagreb – Sanskrit grammar written by Croatian missionary in 1790

    Source: Government of India

    Source: Government of India (4)

    In a gesture signifying the centuries-old close cultural links between the two countries, Prime Minister Narendra Modi on Wednesday received from his Croatian counterpart Andrej Plenkovic a reprint of Vezdin’s Sanskrit grammar – the first printed Sanskrit grammar written in Latin in 1790 by Croatian scientist and missionary Filip Vezdin during his time spent in India.

    “To the Prime Minister of India Narendra Modi, I handed over a reprint of Vezdin’s Sanskrit grammar – the first printed Sanskrit grammar, written in Latin in 1790 by the Croatian scientist and missionary Filip Vezdin (1748-1806), based on the knowledge he gained during his stay in India from Kerala Brahmins and local manuscripts. With this pioneering work, Filip Vezdin became one of the first European scientists to seriously devote himself to Indian languages ​​and culture. At the same time, this is a symbol of early cultural ties between Croatia and India,” said Plenkovic.

    An Indologist of Croatian nationality, Ivan Filip Vezdin came to Malabar as a missionary in 1774 and later became the Vicar-General on the Malabar Coast.

    He is credited with publishing the first printed Sanskrit grammar in 1790. A plaque to commemorate him was unveiled in Trivandrum in 1999.

    Plenkovic also handed over a book titled ‘Croatia and India, Bilateral Navigator for Diplomats and Business’ to PM Modi, written by Croatian diplomat Sinise Grgica.

    “Grgica in a unique and comprehensive way gives a comparative view of our two countries and explores all dimensions of bilateral relations. This book reflects our achievements, as well as the potential we can still realise, and we believe that it will inspire and encourage the strengthening of our future cooperation and contribute to the further deepening of the mutual friendship between Croatia and India,” said Plenkovic.

    Earlier, Prime Minister Modi received a rousing welcome by the vibrant Indian community in Zagreb as he began his landmark visit to Croatia – the first-ever by an Indian Prime Minister to the country – on Wednesday.

    Zagreb is the last stop on PM Modi’s three-nation tour, which also included visits to Cyprus en route to Canada for Tuesday’s G7 Summit in Kananaskis.

    In a special gesture, PM Modi was warmly received by Plenkovic at the Franjo Tudman Airport with a ceremonial welcome.

    Members of the Indian diaspora, waiting to catch a glimpse of PM Modi, were seen gathered in huge numbers as the PM’s motorcade drove through the city.

    Hundreds of people, including locals, also gave a grand welcome to PM Modi as he arrived at his hotel.

    Amid chants of “Modi-Modi”, “Bharat Mata Ki Jai” and “Vande Mataram”, PM Modi witnessed vibrant and energy-filled cultural performances from people present at the venue.

    PM Modi joined a group of locals chanting Vedic shlokas and also interacted with a few in the gathering while getting inside the building.

    “The bonds of culture are strong and vibrant! Here is a part of the welcome in Zagreb. Happy to see Indian culture has so much respect in Croatia,” said PM Modi.

    “Croatia’s Indian community has contributed to Croatia’s progress and also remained in touch with their roots in India. In Zagreb, I interacted with some members of the Indian community, who accorded me an unforgettable welcome. There is immense enthusiasm among the Indian community here about this visit and its impact in making the bond between our nations stronger than ever before,” he added.

    PM Modi was then warmly received by Plenkovic at the iconic St. Mark’s Square and accorded a ceremonial welcome.

    It was followed by delegation-level bilateral talks between the two leaders.

    Plenkovic said that PM Modi’s significant visit comes at a pivotal moment.

    “We welcomed the Indian Prime Minister Narendra Modi to Zagreb! This is the first visit by the Prime Minister of India – the most populous country in the world, and it comes at an important geopolitical moment. We are starting a new chapter in Croatia-India relations and creating the conditions for strengthening bilateral cooperation in a number of areas,” the Croatian Prime Minister commented.

    Analysts reckon that the first-ever visit by an Indian PM to Croatia will help in fostering stronger political and economic collaboration with Croatia. It will also provide a crucial opportunity to expand bilateral cooperation in various sectors including trade, innovation, defence, ports, shipping, science and tech, cultural exchange, and workforce mobility.

    (IANS)

    June 19, 2025
  • MIL-OSI United Kingdom: BHC Dhaka celebrate official birthday of His Majesty King Charles III

    Source: United Kingdom – Executive Government & Departments

    World news story

    BHC Dhaka celebrate official birthday of His Majesty King Charles III

    British High Commission in Dhaka celebrated the official birthday of His Majesty King Charles III on 18 June.

    The event paid tribute to His Majesty The King, the UK’s Head of State and the Head of the Commonwealth, who has been a global champion of climate action, sustainable development, the arts, healthcare and education for decades. 

    British High Commissioner to Bangladesh Sarah Cooke welcomed guests to the celebration, which featured traditional British and Bangladeshi cuisine, music and a ceremonial toast to His Majesty and continued growth of the UK-Bangladesh relationship. 

    Syeda Rizwana Hasan, Honourable Adviser to the Ministry of Environment, Forest and Climate Change and the Ministry of Water Resources, attended the event as the Chief Guest. The event also brought together distinguished guests from the Interim Government of Bangladesh, the Diplomatic Corps, political parties and representatives from the fields of trade, business, academia, social development, arts, culture, media and sports. 

    British High Commissioner to Bangladesh Sarah Cooke said: 

    It is my privilege to celebrate His Majesty’s official birthday with our friends, partners and sponsors in Bangladesh. We chose the theme of climate resilience and sustainable development for the event. These are issues which His Majesty has consistently championed, and which are a vital part of the UK/Bangladesh partnership. 

    This year’s celebration also reflects the UK’s ongoing commitment to supporting Bangladesh on its path towards a democratic, inclusive and prosperous future.

    This year’s King’s Birthday Party celebrations were made possible by the gracious support of HSBC, Standard Chartered Bank, Unilever, Airbus, OxfordAQA, Menzies Aviation and Le Méridien. 

    Further information

    • the Official Birthday of His Majesty The King is celebrated by British High Commissions and Embassies around the world. This year, The King turns 77 on 14 November

    • His Majesty The King is Head of the Commonwealth, which is a family of 56 countries working together for prosperity, democracy and peace. Bangladesh is a member of the Commonwealth

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    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

    June 19, 2025
  • MIL-OSI USA: Medtech Products Inc. Issues Nationwide Recall of Little Remedies® Honey Cough Syrup Due to Microbial Contamination

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    June 17, 2025
    FDA Publish Date:
    June 18, 2025
    Product Type:
    Food & BeveragesFoodborne Illness
    Reason for Announcement:

    Recall Reason Description
    Potential Foodborne Illness – Bacillus cereus

    Company Name:
    Medtech Products Inc.
    Brand Name:

    Brand Name(s)
    Little Remedies

    Product Description:

    Product Description
    Honey Cough Syrup

    Company Announcement
    TARRYTOWN, N.Y.–(GLOBE NEWSWIRE)—June 17, 2025—Medtech Products Inc., a Prestige Consumer Healthcare Inc. company (“Medtech” or “Company”), is voluntarily recalling five lots of Little Remedies® Honey Cough Syrup (the “Product”) due to the presence of Bacillus cereus and loss of shelf-stability. Bacillus cereus (B. cereus) can cause two types of food-borne illnesses. One type is characterized by nausea, vomiting, and stomach cramps that can start 1 to 6 hours after eating or drinking contaminated food. The second type can cause stomach cramps and diarrhea that can start 8 to 16 hours after eating or drinking contaminated food. Diarrhea may be a small volume or profuse and watery. Although healthy individuals may suffer only short-term illness, exposure to high levels of foodborne B. cereus can cause death.
    The affected lots were distributed nationwide in the United States through retailers and online from 12/14/2022 through 06/04/2025.
    The table below identifies the UPC, lot numbers, and expiration dates of the Little Remedies® Honey Cough Syrup impacted by this recall.

    Item UPC 

    Lot # 

    Exp. Date 

    7-56184-10737-9

    0039

    11/2025

    0545

    01/2026

    0640

    02/2026

    0450

    05/2026

    1198

    12/2026

    Little Remedies® Honey Cough Syrup is packaged in a 4 FL OZ (118 mL) amber bottle and is sold in an outer carton with the Lot Code appearing both on the bottle label and on the bottom of the carton (images below).
    This recall does not include any other Little Remedies® products.
    No serious adverse events have been reported to date.
    All lots of Little Remedies® Honey Cough 4 FL OZ (118 mL) still within expiry are being included in the scope of the recall.
    Consumers who have the recalled Product should stop using it immediately and should contact their physician or healthcare provider if they have experienced any problems that may be related to the use of this Product. The company will also offer reimbursement for consumers who have purchased Products from the recalled lots.
    Consumers with refund requests or questions regarding this recall can contact Medtech via e-mail at medicalaffairs@prestigebrands.com, through its website at https://www.prestigebrands.com/contact, or by phone at (800) 754-8853 on Monday – Friday 8:30-5:30 eastern time.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Product Photos

    Content current as of:
    06/18/2025

    Regulated Product(s)

    Topic(s)

    Follow FDA

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: Keynote Remarks of Commissioner Kristin N. Johnson at RegHub Summit London 2025: The Future of Finance: Enabling AI Tools To Enhance Compliance and Surveillance

    Source: US Commodity Futures Trading Commission

    Good morning. Thank you for the kind invitation to deliver keynote opening remarks at the RegHub Summit and to join TradingHub Executive Chair Neil Walker for a fireside chat. I appreciate that you have historically had the pleasure of hearing from the most senior regulators in our industry including our immediate past Commodity Futures Trading Commission (CFTC) Chairman, Russ Behnam; President and CEO of the National Futures Association, Tom Sexton; and a recent past Director of Enforcement, Ian McGinley.
    I’ll hope to offer insights to complement the important and cutting edge topics that you will explore today including managing model risk in trade surveillance, best practices for validation and compliance, and building a unified approach to trade surveillance and data governance. Mostly, I’ll aim to be brief and, if I am correctly using these idioms, not put a foot wrong or let the side down. To that end, I should acknowledge that that the views I express today are my own and not the views of the Commission, my fellow Commissioners or the staff of the CFTC.
    Three Dimensions of a Financial Markets Governance and Compliance Framework
    Financial regulation in the U.S. significantly depends on a three-dimensional approach to regulatory compliance.
    First, from the earliest periods of community or state-based regulation in the U.S.—which only go as far back as the late 1700s—you could argue that our regulation has required entities operating in financial markets to police themselves. In other words, market participants must demonstrate a commitment to ensuring compliance with applicable regulations and reporting instances of disruption or compliance failures.
    Second, our regulation imposes both formal and informal (soft law) requirements on firms operating as critical market infrastructure resources. These entities, and in some instances, industry trade associations, have exercised market policing authority. In 1792, for example, twenty-four stock-brokers gathered under a buttonwood tree in lower Manhattan in New York City to sign the Buttonwood Agreement.[1] While I am fairly certain they were not sorting out a crypto regulatory framework, addressing complex issues such as initial and variation margin requirements during periods of heightened market distress, default risk management, cross-product margining, or clearing U.S. Treasuries, they were establishing a precedent that would serve as a foundational understanding in U.S. financial markets regulation: firms and industry have obligations to facilitate market stability, market integrity, and surveil markets for evidence of fraud and manipulation.
    Third, financial market regulators play an important role in supervising markets and enforcing expectations regarding compliance. At the CFTC, our principles-based regulation includes a supervision framework where organizations that play a critical role in market infrastructure, such as exchanges and clearing organizations, engage in surveillance and report to the Commission on the compliance of intermediaries.[2] Within individual organizations, registered market participants are charged with supervising the actors who directly engage in trading as well as actors who directly engage in customer solicitation.[3]
    Relying on firms to engage in market surveillance and intermediaries to engage in supervision balances the costs and obligations of supervision. We might describe the three legs of this regulatory framework as a governance and compliance framework.
    Technology-Driven Governance and Compliance 
    In recent years, the advent of increasingly sophisticated artificial intelligence (AI) technologies have promised to enable faster, more efficient, reduced cost supervision and compliance capabilities.
    This observation is not a revelation to anyone in this room. For decades, financial markets have integrated machine learning algorithms as a central aspect of predictive analytics. Increasingly advanced AI technologies—supervised and unsupervised machine learning algorithms, neural networks, generative AI and more recently agentic AI—have accelerated both interest in and adoption of AI for broader front office, back office, reporting, and supervision and monitoring obligations that arise in financial markets regulation.
    Requests for Information Regarding the Adoption of AI: CFTC, Federal Regulators, and Global Initiatives
    Over the last several years, I have worked closely with our Commission, other federal regulators, regulators around the world, and market participants to understand the benefits and limits of integrating AI into financial markets compliance and surveillance infrastructure.
    I actively worked with the CFTC senior staff across all divisions to develop the Commission’s first request for comment (RFC) on the uses of AI in CFTC-regulated markets.[4] It’s been a priority of mine to engage with the staff, as well as our registrants, about issues related to AI long before that RFC, and remains so to this date. Compliance use cases were identified by a number of market participants as AI uses in CFTC-registered markets.[5] This is consistent with a trend that has been identified in financial markets more broadly.  I also worked directly or participated in the development of consultations organized by the U.S. Department of the Treasury (Treasury) and global international standard setting bodies seeking to better understand AI compliance and surveillance use cases.
    Many industry trade associations are similarly engaged in better understanding the potential for AI use cases. The Institute of International Finance (IIF), for example, surveys its members annually about its uses of artificial intelligence and machine learning. In the most recent IIF survey report, published in January 2025, compliance (including anti-money laundering and trade surveillance) ranked in the top four predictive AI use cases for respondents.[6] Treasury’s report on Artificial Intelligence in Financial Markets reports that “AI is widely used for…AML/CFT and sanctions compliance, including analyzing large sets of data, detecting anomalies, flagging suspicious activities, and verifying customer identities under the Bank Secrecy Act (BSA) obligations.”[7] Other publications contain similar observations about compliance use cases as AI adoption in financial services continues to develop.[8]
    A recent consultation report published by the International Organization of Securities Commissions (IOSCO) on AI in capital markets reports that IOSCO members and self-regulatory organizations (SROs) observed that market participants are:
    using AI to enhance the effectiveness of AML and CFT measures, particularly, and compliance more generally, including to identify suspicious transactions. For AML compliance, customer onboarding, and due diligence, respondents observed that market participants use ML models to perform pattern recognition and anomaly detection in surveillance software. They also use NLP to enhance the interpretation of unstructured data and to facilitate name screening and news analysis.[9]
    The IOSCO Report also noted that other recent reports had consistent findings, and cited numerous industry reports about how large language models (LLMs) are used for compliance tasks.[10]
    AI and Trade Surveillance
    Indisputably, AI technologies demonstrate significant potential for enhancing trade surveillance. The recent IOSCO Report referenced earlier notes the incorporation of “AI tools in surveillance and security solutions that could assist market participants to monitor client communications such as emails, calls, and mobile chat applications, and could raise alerts on suspicious communications for compliance review and investigation.”[11]
    One of the reasons that the markets that the CFTC regulates are the deepest and most liquid in the world is that our regulatory framework includes measures designed to ensure the integrity of the markets, a necessary feature for markets that so many rely on to hedge and manage risk.
    For example, Section 5 of the Commodity Exchange Act (CEA) sets forth core principles for designated contract markets (DCMs) that require DCMs to “establish, monitor, and enforce” compliance with a DCM’s rules and to establish and enforce certain rules and procedures to ensure financial stability of transactions on the DCM.[12] The implementing rules for each of these core principles include requirements related to surveillance. Rule 38.156 requires a DCM to “maintain an automated trade surveillance system capable of detecting and investigating potential trade practice violations” and includes additional requirements for the system including certain capabilities, features and timing.[13] Rule 38.604 states that “A designated contract market must monitor members’ compliance with the designated contract market’s minimum financial standards and, therefore, must routinely receive and promptly review financial and related information from its members, as well as continuously monitor the positions of members and their customers.”[14] Similarly, Section 5h of the CEA establishes compliance with rules and financial integrity as core principles for swap execution facilities (SEFs),[15] and implementing rules include requirements on SEFs to maintain an automated trade surveillance system pursuant to Rule 37.203 as part of their required rule enforcement program.[16]
    These are just a few examples, and perhaps one of the many reasons that it is not surprising to me that CFTC-regulated markets have always been among the most technology-forward, including with its use of AI.
    I continuously advocate for a number of policy initiatives related to AI, and the first one is the most fundamental: collaboration. I hope to continue to be able to learn how we can work together to discover how AI can be leveraged to enhance registrants’ ability to comply with our existing requirements, and to support a stronger, safer, and more vital derivatives market, while also enhancing efficiencies for registrants.
    A discussion of potential uses of AI in the derivatives markets requires also considering the broader financial market landscape. The IOSCO Report noted that respondents “observed efforts to enhance surveillance measures in the financial industry through the development of joint systems that can be used by multiple financial institutions to share data and intelligence to mitigate types of threats utilizing AI and other technologies.”[17]
    I have advocated for a number of policy initiatives related to AI consistently throughout my time at the Commission, and one of those policies is inter-governmental collaboration with other financial market regulators in the U.S. and globally. If we do not work together, we risk missing out on significant opportunities not only to learn from each other and build on best practices, but also opportunities to create broader initiatives that make our markets safer and more efficient.
    A Pause to Look Under the Hood
    As we consider the possibilities, we also need to be mindful of the risks. As AI tools become further integrated into organizational processes, especially those that relate to critical compliance or surveillance functions, those organizations, as well as regulators, need to have appropriate assurances that the tools will operate safely and reliably.
    It is imperative that we have a clear understanding of and appropriate guardrails to ensure the security and integrity of the data used to train AI models. Data governance must be a foundational, gatekeeping issue for the continued development of AI models, particularly LLMs that may rely on synthetic data. I have frequently raised concerns regarding these risks—including concerns regarding the potential for AI models to hallucinate or lack the ability to comprehend certain real-world roadblocks.[18] Agentic AI models, while able to overcome some of the limitations of generative AI models, are still limited by the data they are able to access.[19] I’ve also spoken about some of the other questions that need to be accounted for as we consider the integration of AI into financial markets, such as promoting explainability, implementing data controls and measures to address bias, focusing on governance of the models, and testing and monitoring output.[20]
    Market participants must understand the risks of data leakage which may include reduced accuracy, unfairness and bias, data privacy breaches, and other vulnerabilities.[21] I am hopeful that these are among the issues that participants at the Summit will explore today.
    Where Are We Going Next?
    Increasingly, I am asked this question on a frequent basis. In the context of AI, I believe there is significant potential for these technologies to enhance the tripartite approach to regulation—my earlier reference to three-dimensions or a three-legged stool of governance and compliance mentioned. Successful integration of AI will require careful consideration by firms and the industry as well as thoughtful regulatory oversight by domestic and international regulators. For a few hundred years, we have been on a journey to create a sound regulatory framework.
    My personal journey in service is not nearly as long but I am deeply committed to ensuring that we land on the right path as we integrate and potentially regulate AI. In becoming a CFTC Commissioner, I have had the privilege and the pleasure of fulfilling a personal professional goal—serving my country in a role that I hope fosters a healthy economy that enables responsible innovation, protects customers, and ensures the integrity and stability of financial markets for generations to come.
    Thanks for being on this journey with me. I look forward to continuing the conversation with you all today and in the coming years.

    [2] See, e.g., 7 U.S.C. § 7a-1(c)(2)(C)(ii); 17 C.F.R. § 39.12(a)(4) (requiring derivatives clearing organizations to have procedures to verify compliance of clearing members with participation requirements).

    [3] See, e.g., 17 C.F.R. §§ 38.604-605 (requiring designated contract markets to establish financial surveillance programs for futures commission merchants, retail foreign exchange dealers, and introducing brokers).

    [5] See, e.g., Letter from World Federation of Exchanges to CFTC, Regarding Response to Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Apr. 24, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73447&SearchText= (“AI can be used to reduce manual inputs for trade documentation and regulatory reporting, as well as reducing market manipulation….”); Letter from Futures Industry Association, FIA Principal Traders Group, CME Group, Inc., and Intercontinental Exchange Inc. to CFTC, Regarding Release No. 8853-24 (Jan. 25, 2024) Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Apr. 24, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73444&SearchText= (“We understand that FIA’s members may utilize AI, now in the future, across a broad array of areas, including…compliance processes and controls.”); Letter from Bank Policy Institute to CFTC, Regarding Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (CFTC Release No. 8553-24) (Apr. 17, 2024), https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=73424&SearchText= (“Many banking organizations also use AI tools to enhance existing processes that facilitate compliance with BSA/AML and sanctions legal requirements and banking agency expectations. Some of these tools flag potentially suspicious activity, such as suspected money laundering, or potential sanctions concerns.”).

    [8] For example, a recent report by the Financial Stability Board on the financial stability implications of AI notes, “More broadly, the increasing regulatory requirements over the last seven years across multiple jurisdictions, for example, requirements on data protection, the growing use of principles to guide AI development and adoption, and the growing body of international standards, including in specific sectors such as financial services, have led financial firms to increasingly leverage AI to enhance their compliance capabilities.” Financial Stability Board, The Financial Stability Implications of Artificial Intelligence at 8 (Nov. 14, 2024), https://www.fsb.org/uploads/P14112024.pdf (citation omitted).

    [12] 7 U.S.C. § 7(d)(2), (11).

    [13] 17 C.F.R. § 38.156.

    [14] 17 C.F.R. § 38.604.

    [15] 7 U.S.C. § 7b-3(f)(2),(7).

    [16] 17 C.F.R. § 37.203(d).

    [17] IOSCO, Artificial Intelligence in Capital Markets: Use Cases, Risks, and Challenges: Consultation Report at 23.

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI USA: WATCH: Small Business Initiative Helps Western North Carolina Businesses Rebuild Businesses

    Source: US State of North Carolina

    Headline: WATCH: Small Business Initiative Helps Western North Carolina Businesses Rebuild Businesses

    WATCH: Small Business Initiative Helps Western North Carolina Businesses Rebuild Businesses
    lsaito
    Wed, 06/18/2025 – 11:37

    Raleigh, NC

    Last month Governor Josh Stein announced that the Western North Carolina Small Business Initaitve had distributed $55 million in funding from the Dogwood Health Trust, the Duke Endowment, and the State of North Carolina to 2,182 North Carolina small businesses. 

    Hear from some of the grants recipients below: 

    Pig and Grits Barbecue, Burnsville 

    “What it did for us here was it allowed us to buy some equipment, to take care of some of our employees that needed some help, and helped us rebuild our inventory and pay for some of the flooring and repairs and stuff that insurance didn’t cover completely.”

    “But as far as the community goes, everybody’s jumped in. Volunteers have come from all over, and we want to say thank you for that. We are open for business and would look forward to serving anyone.” 

    Henry River Farms, Morganton 

    “So we lost our seasonal crop, our strawberries … And then it also affected like our tourism side of things, our agritourism … And then we also lost field trips, which we rely on throughout the week for our fall season.”

    “So receiving the grant helped us with our operating cost and our repair cost for some of our infrastructure that was lost during the storm. The main crop that was affected was our strawberry crop, which covers about a third of our income for our farm. So just having access to funds to help us keep, you know going as we’re going to have this through the spring where we don’t have our normal income has been a huge help.”

    Carolina Native Nursery, Burnsville 

    “We had damage to over 100 greenhouses. Like anybody else would say, it’s like nothing we’ve ever experienced before. Without the Dogwood Grant, it would just take us that much more time to recover.”

    “It allowed us to keep people on payroll. At a height of our season, we have 20 people on payroll, so it aided with that and to achieve the size that we had, it’d taken us a lot. So this $50,000 really goes a long way to jump us forward, to get us back to where we’re going to be.”

    Governor Stein remains committed to western North Carolina’s recovery. The Governor continues to advocate to the Trump Administration and the U.S. Congress to send $19 billion to western North Carolina for disaster relief and to improve FEMA by reducing red tape and making disaster response efforts more efficient. Governor Stein’s second Hurricane Helene budget proposal also includes $891 million directed toward economic recovery, strengthening critical infrastructure, and getting western North Carolinians back into their homes. Governor Stein continues to encourage people from across the country to visit western North Carolina this summer and support small businesses 

    Jun 18, 2025

    MIL OSI USA News –

    June 19, 2025
  • MIL-OSI NGOs: Gulf of Oman oil spill: Greenpeace warns of environmental disaster

    Source: Greenpeace Statement –

    Beirut, Lebanon – Greenpeace Middle East and North Africa (MENA) has warned of a potential environmental disaster after two crude oil tankers collided between Iran and the United Arab Emirates on Tuesday.

    Satellite imagery indicates a large plume of oil stretching up to around 1500 hectares from the site of the crash between two vessels, ‘Adalynn’ and ‘Front Eagle’, in the Gulf of Oman, approximately 22 nautical miles east of Khor Fakkan, near the Strait of Hormuz.[1] The 23-year-old Adalynn is part of the so-called Russian ‘shadow fleet’, a collection of partially obsolete tankers that operate below basic security standards and carry Russian oil, though its current cargo is unknown. Analysis of the Adalynn’s current 9.3-metre draught suggests it may be carrying approximately 70,000 tons of crude oil despite being officially listed in ballast condition.[2]

    Farah Al Hattab, Campaigner at Greenpeace Middle East and North Africa, said: “This is just one of many dangerous incidents to take place in the past years. The causes differ, but the result is often the same: oil spills endanger marine life, disrupt delicate ecological balances and possibly the entire food web, and carry the potential to spark widespread environmental damage that extends far beyond the immediate area.”

    While navigation systems in the region have been under pressure amid the exchange of missiles between Iran and Israel, there is no clear evidence that GPS jamming or spoofing was behind the collision, with some reports indicating it was due to a navigational error.

    Farah Al Hattab added: “Greenpeace MENA urges all concerned authorities to act swiftly to contain the spill and assess its ecological impact. We call on shipping companies, governments, and oil industry actors to commit to full transparency regarding environmental consequences of oil spills and the measures being taken for cleanup. Additionally, we urge governments in the region to increase investment in maritime monitoring, early-warning systems, and contingency plans to effectively respond to future oil pollution incidents. Environmental security must be treated as national and regional security.”

    “The environmental fallout from this collision further highlights the urgent need to transition away from fossil fuels. Continued reliance on oil infrastructure leaves both people and the planet exposed—to toxic spills, political conflict, and the accelerating climate crisis. It’s time to rethink our global energy systems, shifting to renewable energy as not just a climate solution but a pathway to peace and resilience.”

    ENDS

    Notes:

    1. Satellite image: Greenpeace Media Library © Planet Labs PBC / Greenpeace

    2. Sources: www.Q88.com and seasearcher.com 

    Contacts:

    Hiam Mardini, Communications and Media Manager, Greenpeace MENA: [email protected]

    MIL OSI NGO –

    June 19, 2025
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