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Category: Business

  • MIL-OSI Security: Fort Collins Man Charged with Bank Robbery

    Source: Office of United States Attorneys

    DENVER – The United States Attorney’s Office for the District of Colorado announces that Isaac Meraz, age 21, of Fort Collins, has been charged with one count of bank robbery with forced accompaniment.  

    According to the criminal complaint, at approximately 2:00 p.m. on May 27, 2025, Meraz entered the Ent Credit Union on Drake Road in Fort Collins and robbed the credit union.  Wearing a full rubber mask with attached fake hair, Meraz approached several employees and told them he was there to “audit” the bank.  Meraz then used what appeared to be a handgun to force three employees to accompany him to the bank’s vault.  Meraz pointed the apparent handgun at a one of the employees and, out of fear and intimidation, that employee provided Meraz with money out of the vault.  As he fled the credit union, Meraz dropped a portion of the money and the apparent firearm used in the commission of the robbery.  The firearm was later determined to be a realistic-looking BB gun.  Meraz was arrested shortly after the robbery outside of the credit union.

    On May 30, 2025, Meraz made his initial appearance in front of U.S. Magistrate Judge Cyrus Y. Chung. 

    The charges in the complaint are allegations and the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    The case is being investigated by the Federal Bureau of Investigations Denver Field Office and Fort Collins Police Services.  The prosecution is being handled by Assistant United States Attorney Brian Dunn.

    Case Number:  25-mj-00105-CYC

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI: EAT & BEYOND ANNOUNCES PROPOSED NAME CHANGE AND UPDATED INVESTMENT POLICY

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, BC, May 30, 2025 (GLOBE NEWSWIRE) — Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), is pleased to announce that it is proposing a name change and an expansion of its Investment Policy to reflect a change in strategic focus.

    Proposed Name Change

    Subject to shareholder approval, the Company intends to change its name from “Eat & Beyond Global Holdings Inc.” to “Digital Asset Technologies Inc.”. The proposed name change is intended to represent the Company’s forward-looking focus on emerging digital and blockchain technologies, while maintaining its core mission of investing in innovative and impactful businesses.

    Concurrently with the completion of the proposed name change, the Company’s trading symbol on the Canadian Securities Exchange is expected to change to “DATT”. Further details regarding the name change – including the effective date, new CUSIP and ISIN numbers for the Company’s common shares, and the date on which trading will begin under the new ticker symbol – will be provided in a subsequent news release.

    “The proposed name change marks a meaningful step in the Company’s continued evolution,” said Young Bann, CEO of Eat & Beyond. “The proposed transition to Digital Asset Technologies Inc. reflects our expanded focus on digital innovation, including blockchain technologies and responsible AI solutions. We believe this new identity better represents the direction of the Company and our broader investment objectives.“

    The Company believes that the new name aligns with its updated Investment Policy and long-term strategy to build a diversified portfolio of companies operating at the forefront of emerging technologies. While the Company will continue to support its legacy investments in the food tech and sustainability sectors, it is now placing increased emphasis on opportunities in blockchain infrastructure, asset tokenization, and ethically grounded AI applications.

    Updates to Investment Policy

    The Company has historically focused on investments in the food technology and sustainability sectors. These investments form a key part of the Company’s foundation and will remain in place going forward.

    To complement its existing portfolio, the Company pleased to announce that it has amended and updated its Investment Policy to include a focus on blockchain and related technologies. This includes investments in:

    • Real-World Asset Tokenization: Projects that use blockchain to digitally represent physical or traditional assets.
    • Decentralized Infrastructure: Technologies supporting open, distributed systems.
    • Advanced Trading Analytics: Tools and platforms that support improved data analysis and decision-making in financial markets.

    The Company’s updated investment strategy focuses on supporting ventures that advance innovation in AI, Blockchain, Web3, Fintech, and the broader Information and Communication Technology (ICT) sectors. It aims to invest in technologies that demonstrate solid technical foundations, adhere to ethical practices, incorporate user-focused design, and offer potential long-term societal benefits. The Company intends to support solutions that contribute to the development of digital infrastructure, financial systems, decentralized platforms, and intelligent technologies.

    The Company is committed to identifying ventures that combine technological advancement with practical, real-world impact. The Company targets both early-stage and growth-stage investments and seeks to provide the capital and strategic support needed for these companies to succeed in a rapidly changing technology landscape.

    To view the Company’s updated Investment Policy, please visit its website at www.eatandbeyond.com.

    The proposed name change and amended Investment Policy are subject to approval by the Canadian Securities Exchange and the Company’s shareholders.

    About Eat & Beyond

    Eat & Beyond (CSE: EATS) is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing innovative food tech, sustainability and technology. Led by a team of industry experts, Eat & Beyond provides retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food, sustainability and technology sectors. Through its wholly owned subsidiary, Liquidlink AI Corp., the Company has entered the blockchain technology sector with a focus on real-world asset tokenization, decentralized infrastructure, and advanced trading analytics.

    Learn more: www.eatandbeyond.com

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.

    For further information: For further information, please contact Young Bann, CEO, young@purposeesg.com.

    Cautionary Note regarding Forward Looking Statements

    This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, “subject to”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company’s business strategy, current and future investments, the proposed name change, the updated Investment Policy, and the Company’s ability to obtain the necessary shareholder and regulatory approvals in connection with the proposed name change and updated Investment Policy. Forward-looking statements are based on assumptions, but the actual results may be materially different from any future expectations expressed or implied by the forward-looking statements. The forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including, but not limited to, the equity markets generally and a failure to obtain the necessary approvals from the Canadian Securities Exchange. Accordingly, readers should not place undue reliance on forward-looking statements.

    The MIL Network –

    May 31, 2025
  • MIL-OSI United Kingdom: Single-use vapes banned from 1 June 2025

    Source: United Kingdom – Government Statements

    Press release

    Single-use vapes banned from 1 June 2025

    Under the Government’s Plan for Change, move will stop the flood of litter on to nation’s streets and protect young people from getting hooked on nicotine

    Discarded single-use vape in a field

    Single-use vapes will be banned from the shelves of all shops from tomorrow (Sunday 1 June) thanks to a government blitz on sale and supply.

    The new crackdown makes it illegal to sell single-use vapes at corner shops and supermarkets, putting an end to their alarming rise in school playgrounds and the avalanche of rubbish flooding the nation’s streets.

    The government’s announcement of its intention to ban the use of disposable vapes has already had real effects – with retailers and consumers shifting away from environmentally destructive single-use options.

    New data from charity Action on Smoking and Health shows the number of vapers in Great Britain who mainly use single-use devices fell from 30% in 2024 to 24% in 2025, while the use of disposables by 18-24-year-old vapers fell from 52% in 2024 to 40% in 2025. However, usage among young vapers remains too high and with the coming ban into force tomorrow it will continue to drive these figures down further.

    As part of tough enforcement measures, any rogue traders breaking the rules will be hit with a fine of £200 in the first instance, and all products will be seized. Those who show a blatant disregard for the rules and reoffend face being slapped with an unlimited fine or jail time.

    Circular Economy Minister Mary Creagh said:

    For too long, single-use vapes have blighted our streets as litter and hooked our children on nicotine. That ends today.

    The Government calls time on these nasty devices.

    Caroline Cerny, Deputy Chief Executive, Action on Smoking and Health said:

    It’s promising to see that many people switched away from disposable vapes to re-usable products well ahead of the ban. This is particularly marked among young people, who were more likely to use disposable products due to their attractiveness, affordability, and heavy marketing.

    This new law is a step towards reducing vaping among children, while ensuring products are available to support people to quit smoking. It will be up to manufacturers and retailers to ensure customers are informed and able to reuse and recycle their products securing a real change in consumer behaviour and a reduction in environmental waste. If behaviour does not change then further regulations will be possible following the passage of the Tobacco and Vapes Bill.

    The Government has worked closely with retailers to ensure they are ready for the ban coming into force. This includes producing clear guidance on the devices they cannot sell or supply, as well as how to deplete their stock before 1 June.

    Association of Convenience Stores Chief Executive James Lowman said:

    Convenience retailers have been preparing for the disposables ban for several months, adapting their ranges and training colleagues on the products that they can sell.

    We have been working with Trading Standards officers across the country to ensure they know what to look for once the ban comes into force, and support robust enforcement activity to take illegal vapes off the streets.

    Libby Peake, senior fellow and head of resources at Green Alliance, said:

    Single use vapes should never have been allowed on the market. They’ve been a blight on our countryside, wasted resources needed for important uses like EV batteries and caused scores of fires at waste sites. And they’ve done all this while having a lasting impact on the health of young people, creating a new generation of nicotine addicts.

    The government should rightly be proud of taking this vital step to get rid of these polluting products and encourage people who want to quit smoking to opt for reusable and refillable options instead.

    Justin Greenaway, Commercial Manager at SWEEEP Kuusakoski, said:

    We hope this ban will succeed in reducing the amount of vapes being discarded. Every vape has potential to start a fire if incorrectly disposed of. Logically vape unit waste will reduce as single use stops and multi-use must start but it does rely on consumers changing from a disposable mindset to refilling.

    Unrefillable and unable to be recharged, single-use vapes have been typically thrown away with general waste in black bins or littered rather than recycled, contributing to the flood of litter blighting the country.

    Even when they are recycled, the process is notoriously arduous, slow and costly, with waste industry workers required to take them apart by hand. Their batteries also present a fire risk to recycling facilities and can leak harmful chemicals into the environment.

    With the looming ban already encouraging users to seek alternatives, making the sale of single-use vapes illegal will now prevent these toxic products from littering the country’s streets.

    The ban complements the Government’s world-leading Tobacco and Vapes Bill, which will further tackle youth vaping and safeguard children’s health.

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    Updates to this page

    Published 31 May 2025

    MIL OSI United Kingdom –

    May 31, 2025
  • MIL-OSI Security: Hammond Woman Sentenced to Two Years for Cares Act Fraud

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that TRACIE L. MIXON (“MIXON”), age 43, of Hammond, LA, was sentenced on May 27, 2025 to two (2) years in prison by U.S. District Judge Susie Morgan, after previously pleading guilty to making false statements related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). 

    On March 27, 2020, The CARES Act established several new temporary programs and provided for the expansion of others to address the COVID-19 pandemic.  Among these programs, the Paycheck Protection Program (PPP) authorized forgivable loans backed by the U.S. Small Business Administration (SBA) to small businesses to retain workers and maintain payroll, make mortgage interest payments, lease payments, and utility payments.  The PPP allows the interest and principal on the PPP loan to be forgiven if the business spends the loan proceeds on these expense items within a designated period of time after receiving the proceeds and uses at least a certain percentage of the PPP loan proceeds on payroll expenses.

    According to court documents, MIXON made false statements on an SBA form to an approved lender on or about February 23, 2021, to fraudulently obtain a PPP loan. MIXON affirmed that she had not been previously convicted of federal program financial assistance fraud when, in truth, she pled guilty, in the Eastern District of Virginia, to conspiracy to commit federal student loan fraud and mail fraud in a scheme that involved stolen identities.

    Additionally, MIXON was ordered to pay $31,000 in restitution to the lending institution and the SBA and faces three (3) years of supervised release and payment of a $100 mandatory special assessment fee.

    For more information on the Department of Justice’s response to the pandemic, please visit https://www.justice.gov/coronavirus.  Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    Acting U.S. Attorney Simpson praised the work of the United States Secret Service in investigating this matter.  Assistant U.S. Attorney Edward J. Rivera of the Financial Crimes Unit was in charge of the prosecution.

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI USA: Baldwin Holds Trump Accountable for Unlawfully Dismantling Minority Business Development Agency

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) joined her colleagues in demanding the Trump Administration detail its compliance with a May 13 federal court injunction that ordered it to stop the illegal dismantling of the Minority Business Development Agency (MBDA) and restore the agency’s personnel and grantmaking capacities. The lawsuit that resulted in the injunction was brought by twenty-one states, including Wisconsin.
    Despite the clear authority of Congress to establish and appropriate funding for the MBDA, President Trump issued an Executive Order in March effectively eliminating the agency. The Department of Commerce then fired virtually the entire workforce and cancelled the MBDA’s grant programs.
    “Twenty-one states sued the Administration, seeking a preliminary injunction to prevent the Administration from carrying out the Executive Order,” wrote Baldwin and the Senators in a letter to Keith Sonderling, Acting Under Secretary for MBDA. “The states argued that implementation of the Executive Order violates the Administrative Procedure Act, the Constitution’s Take Care Clause, and separation of powers principles under the Constitution.”
    Baldwin and the Senators underscored that in granting the injunction, the Court said President Trump’s Executive Order usurped Congress’s “power of the purse, by disregarding congressional appropriations” and its “vested authority to create and abolish federal agencies.”
    “The Court’s order detailing how the Trump Administration must comply with the injunction makes it clear that the MBDA’s personnel and grantmaking capabilities must be restored,” Baldwin and the Senators continued, and asked the Under Secretary to provide “a complete description of all actions taken by the Department or MBDA ‘to reverse any policies, memoranda, directions, or actions issued before’ the Injunction, intended to implement the Executive Order.”
    Earlier this month Senator Baldwin demanded answers from Sonderling regarding the dismantling of the MBDA. Baldwin also pressed Secretary Lutnick on March 25 and April 17, about the gutting of MBDA, despite his testimony before the Commerce Committee stating he would not support doing so.
    Senator Baldwin worked with Republicans to include the Minority Business Development Act of 2021 as an amendment to the Infrastructure Investment and Jobs Act (IIJA), making the MBDA permanent and increasing its funding authorization and reach. Baldwin then worked to bring a new Minority Business Development Center to Wisconsin, along with a $1.61 million grant to support its work assisting small businesses.
    The full letter is available here and below.
    Acting Under Secretary Sonderling:
    On May 13, 2025, the United States District Court for the District of Rhode Island issued a preliminary injunction in State of Rhode Island, et al. v. Donald J. Trump, et al. ordering the Department of Commerce (Department) to halt its unlawful dismantling of the Minority Business Development Agency (MBDA) pursuant to President Trump’s Executive Order 14238, “Continuing the Reduction of the Federal Bureaucracy” (Executive Order). We write to ensure that the Department is complying with its obligations under the preliminary injunction.
    In 2021, Congress permanently authorized the MBDA in bipartisan legislation, the Minority Business Development Act of 2021 (MBDA Act), which was enacted as part of the Infrastructure Investment and Jobs Act. Last year, Congress funded the MBDA pursuant to the Consolidated Appropriations Act, 2024, which appropriated $68.25 million for the “necessary expenses of the Minority Business Development Agency in fostering, promoting, and developing minority business enterprises, as authorized by law.” That same level of funding has been appropriated through the Full-Year Continuing Appropriations and Extensions Act, 2025 (P.L. 119-4) 
    Despite the clear directive and appropriations by Congress, President Trump’s Executive Order, issued on March 14, 2025, called for effectively eliminating the MBDA, among other agencies. Following the issuance of the Executive Order, the Trump Administration unilaterally dismantled the MBDA—terminating virtually all its staff, canceling its grant programs, and removing its signage from the Department.
    Twenty-one states sued the Trump Administration, seeking a preliminary injunction to prevent the Administration from carrying out the Executive Order. The states argued that implementation of the Executive Order violates the Administrative Procedure Act, the Constitution’s Take Care Clause, and separation of powers principles under the Constitution. The Court found that the state plaintiffs are likely to succeed on all of their claims and granted the injunction, halting implementation of the Executive Order. In its analysis of the states’ Constitutional claims, the Court said the following:
    By issuing the [Executive Order]—which effectively directs withholding the funds that Congress recently statutorily appropriated to [MBDA], resulting in the cessation of several of their programs, see supra—the Executive is usurping Congress’s: (1) power of the purse, by disregarding congressional appropriations; and (2) vested legislative authority to create and abolish federal agencies.
    The Court’s order detailing how the Trump Administration must comply with the preliminary injunction makes it clear that the MBDA’s personnel and grantmaking capabilities must be restored. This is good news for the American public. In Fiscal Year 2024 alone, the MBDA helped the country’s more than 12 million minority businesses access over $1.5 billion in capital and create or retain approximately 23,000 jobs.
    Given the important mission of the MBDA, it is essential that Congress and the public understand how the Trump Administration is complying with the preliminary injunction. Therefore, we are requesting you to report on the following by June 9, 2025:
    A complete description of all actions taken by the Department or MBDA to enjoin the implementation of Section 2 of the Executive Order. 
    A complete description of all actions taken by the Department or MBDA “to reverse any policies, memoranda, directions, or actions issued before” the injunction, intended to implement the Executive Order.
    Confirmation that the Department or MBDA has “not take[n] any further actions to eliminate [the MBDA] pursuant to” the Executive Order.
    A complete description of all actions taken by the Department or MBDA to take “all necessary steps to restore all [MBDA] employees and personal service contractors, who were involuntarily placed on leave or involuntarily terminated due to the implementation of” the Executive Order “to their status before March 14, 2025.”
    Confirmation that the Department or MBDA “shall not further pause, cancel, or otherwise terminate [MBDA] grants or contracts or fail to disburse funds to recipients in plaintiff States according to such grants or contracts for reasons other than the grantees or contractors’ non compliances with applicable grant or contract terms.”
    A complete description of all actions taken by the Department or MBDA to “take immediate steps to resume the processing, disbursement, and payment of already-awarded funding, and to release awarded funds previously withheld or rendered inaccessible due to or in reliance on Section 2 of the” Executive Order.
    In addition, in the event that any MBDA employees or personal service contractors are unable to resume their roles lost due to their involuntary terminations and leave under the Executive Order, please provide a complete description of all actions taken to address any gaps in staffing at the MBDA following implementation of the preliminary injunction.

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI Video: Standing Tall Together

    Source: United States Department of Defense (video statements)

    —————
    @marines assigned to @i_marine_expeditionary_force and the Philippine Marine Corps participate in the annual exercise KAMANDAG aimed at defense and humanitarian capabilities by providing training in combined operations for the advancement of a Free and Open Indo-Pacific.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=iaG4ub1nAJ4

    MIL OSI Video –

    May 31, 2025
  • MIL-OSI Security: Blanchard Man Sentenced to Serve More Than Three Years in Federal Prison for Bank Fraud after Diverting Company Loan Proceeds to Pay for Construction of Personal Home

    Source: Office of United States Attorneys

    OKLAHOMA CITY – JERRY WAYNE NOLES, 61, of Blanchard, Oklahoma, has been sentenced to serve 40 months in federal prison for conspiring to commit bank fraud, announced U.S. Attorney Robert J. Troester.

    On September 9, 2024, Noles was charged by Amended Information with conspiracy to commit bank fraud. According to public record, in January 2015, Noles was the managing partner of Coil Chem LLC, a chemical manufacturing company based in Washington, Oklahoma. The Amended Information alleged that on January 27, 2015, Noles opened a $690,000 revolving line of credit through First National Bank (FNB) for the bank-authorized purpose of funding Coil Chem’s operating expenses. Noles later caused the advance of $250,000 from the company’s credit line into another account under Noles’ control, then directed a coconspirator to immediately withdraw and deposit the funds into the account of a local home builder to help pay for the construction of a new home for Noles. The Amended Information further alleged that Noles then sought and obtained a $1,200,000 home construction loan from FNB, despite the fact he had already paid a portion of the home’s construction costs with the money fraudulently obtained from Coil Chem’s credit line.  

    On September 10, 2024, Noles pleaded guilty to the Amended Information, and admitted he conspired to divert $250,000 from Coil Chem’s revolving line of credit to fund construction of his personal home in Blanchard, Oklahoma.

    At the sentencing hearing on May 28, 2025, U.S. District Judge Jodi W. Dishman sentenced Noles to serve 40 months in federal prison, followed by two years of supervised release, and ordered Noles to pay $50,498.62 in restitution. In announcing her sentence, Judge Dishman noted the need to prevent others from committing similar crimes. Judge Dishman also noted the nature, circumstances, and seriousness of the offense, including that Noles was motivated by greed and deception and personally benefitted from the fraud.

    This case is the result of an investigation by the FBI Oklahoma City Field Office. Assistant U.S. Attorney Julia E. Barry prosecuted the case. 

    Reference is made to public filings for additional information.

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI Security: Mexico City-Based Attorney Pleads Guilty in $52 Million Dollar Sinaloa Cartel Money Laundering Scheme

    Source: Office of United States Attorneys

    SAN DIEGO – Hector Alejandro Paez Garcia, a Mexico City-based attorney, has pleaded guilty in federal court, admitting that he and others conspired to transport, transmit, and transfer tens of millions of dollars in drug trafficking proceeds from the United States to Mexico.

    Paez’s plea is part of a long-term FBI investigation targeting a Mexico-based money laundering organization (MLO) that is believed to have laundered at least $52.7 million for the Sinaloa Cartel before the organization’s leaders were arrested.

    According to court documents, the MLO utilized a network of shell companies in San Diego to launder tens of millions of dollars in bulk cash from across the country generated through the Sinaloa Cartel’s drug importation and distribution operations. MLO employees travelled to dozens of U.S. cities to pick up this bulk cash in amounts up to $200,000. The money was then funneled through the San Diego-based shell companies and delivered to money laundering accounts in Mexico controlled by Paez, who in his plea agreement admitted serving a managerial role in the MLO’s operations.

    During the investigation, FBI agents seized 66 money laundering bank accounts throughout the United States. As the FBI began to target and seize the MLO’s assets, Paez turned to the use of cryptocurrency in an attempt to shield those assets from law enforcement. But the FBI was able to infiltrate and take down the MLO’s cryptocurrency laundering network.

    To date, the investigation has resulted in the arrests of 11 people on money laundering charges and the seizure of more than $3.1 million in illicit assets. A related DEA investigation led to 24 additional arrests and asset seizures totaling $450,000.

    In March 2025, six individuals and seven entities, including several of Paez’s co-conspirators, were the target of sanctions imposed by the Department of Treasury’s Office of Foreign Assets Control (OFAC). Treasury Sanctions Criminal Operators and Money Launderers for the Notorious Sinaloa Cartel | U.S. Department of the Treasury.

    Paez is scheduled to be sentenced on August 15, 2025.

    To date, in addition to Paez, additional participants in the scheme have been charged, including the following:

    • Miguel Angel Encinas Gomez of Mexicali, México, leader of a Mexicali-based cell of MLO. Encinas pleaded guilty to laundering $35 million in bulk cash narcotics proceeds in July 2023.
    • Hugo Andres Velasquez Pantza, a Colombian national who allegedly assisted the MLO in the implementation of cryptocurrency into their operations. Velasquez was subsequently targeted in an undercover FBI operation and arrested in Rome, Italy in January 2025. Velasquez was extradited to the United States in April 2025 and awaits trial.
    • James Harmon Yarbrough of Apopka, Florida, who worked in partnership with Cevallos to receive $326,000 in illicit proceeds in a scheme to converting the funds to cryptocurrency. Yarbrough pleaded guilty in July 2023.
    • Victoria Johanna Lopez, Jose Jesus Lopez, Jose Mayorga Martinez, and Gerardo Vasquez Jr. who allegedly worked as bulk cash couriers who handled and deposited bulk cash for the MLO. Victoria Lopez, Jose Lopez, Mayorga have pleaded guilty. Vazquez’s case is set for trial in September 2024.
    • Jhonatan Suarez Florez of Auburndale, Florida, who used accounts associated with his Florida-based construction and door manufacturing businesses to receive and transmit funds belonging to the criminal organization. Suarez Florez pleaded guilty in December 2024.
    • Alberto David Benguait Jimenez, an alleged leader of the MLO, remains a fugitive at this time. If anyone has information related to this individual, please contact the FBI at 858-320-1800.

    This case is being prosecuted by Assistant U.S. Attorneys Paul Benjamin and Robert Miller. Former Assistant U.S. Attorney Owen Roth contributed significantly to the case. The FBI worked in close partnership with the Drug Enforcement Administration, Imperial County District Office, as well as Panamanian authorities, to seize the MLO’s assets and arrest multiple participants in the scheme.

    The Justice Department’s Office of International Affairs worked with law enforcement partners in Italy to secure the arrest and extradition of Velasquez Pantza.

    DEFENDANT                                               Case Number 23cr0446                                               

    Hector Alejandro Paez Garcia                        Age: 43                                   Mexico City, Mexico

    SUMMARY OF CHARGES

    International Money Laundering Conspiracy – Title 18, U.S.C., Section 1956(h), and 1956(a)(2)(B)(i)

    Maximum penalty: Twenty years in prison and $500,000 fine

    INVESTIGATING AGENCY

    Federal Bureau of Investigation

    *The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. [use if applicable] Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    This case is the result of ongoing efforts by the Organized Crime Drug Enforcement Task Force (OCDETF), a partnership that brings together the combined expertise and unique abilities of federal, state and local law enforcement agencies. The principal mission of the OCDETF program is to identify, disrupt, dismantle and prosecute high-level members of drug trafficking, weapons trafficking and money laundering organizations and enterprises.

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI Security: New Orleans Man Sentenced to 5 Years of Probation for Cares Act Fraud, Money Laundering and False Tax Filing

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that CLIFTON C. JAMES (“JAMES”), age 50, of New Orleans, was sentenced today by U.S. District Judge Jane Triche-Milazzo to 5 years of probation for making false statements, theft of government funds, and money laundering related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as well as making a false tax filing with the Internal Revenue Service.

    On March 27, 2020, the President of the United States signed into law the CARES Act, which provided emergency assistance, administered by the United States Small Business Administration (SBA), to small business owners affected by the Coronavirus (COVID-19) pandemic.  The two primary sources of funding for small businesses were the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program.

    According to the charging documents, or about April 30, 2020, JAMES, on behalf of a business that he owned, made false statements to an approved lender to obtain a $86,800 PPP loan.  On or about July 13, 2020, JAMES stole $149,900 from the SBA by using a false application in the name of Crescent City Tax Services, LLC.  JAMES then committed money laundering by using these ill-gotten funds to buy an automobile from a dealership in California.  Lastly, JAMES  filed a false document with the Internal Revenue Service wherein he claimed to have earned $1.00 in a 2019 tax return.

    In addition to probation, JAMES was ordered to perform 50 hours of community service and to pay restitution in the amount of $551,973.00 to the SBA along with restitution to the IRS in the total amount of $233,645.65.  There is also a mandatory $400 special assessment fee.

    For more information on the Department of Justice’s response to the pandemic, please visit https://www.justice.gov/coronavirus.  Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    This case was investigated by an agent assigned to the Pandemic Response Accountability Committee (PRAC) Fraud Task Force.  The PRAC was established to serve the American public by promoting transparency and facilitating coordinated oversight of the federal government’s COVID-19 pandemic response.  The PRAC’s 21 member Inspectors General identify major risks that cross program and agency boundaries to detect fraud, waste, abuse, and mismanagement in the more than $5 trillion in COVID-19 spending.  The PRAC Fraud Task Force brings together agents from 15 Inspectors General to investigate fraud involving a variety of programs, including the Paycheck Protection Program.  Task force agents who are detailed to the PRAC receive expanded authority to investigate pandemic fraud as well as tools and training to support their investigations.

    Acting U.S. Attorney Simpson praised the work of the U.S. Department of Veterans Affairs – Office of Inspector General (a member of the PRAC) and the Internal Revenue Service – Criminal Investigation in investigating this matter.  Assistant U.S. Attorney Edward J. Rivera of the Financial Crimes Unit was in charge of the prosecution.

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI USA: After Leading Congressional Delegation to Canada, Shaheen Highlights Harms of Trump’s Tariffs on Local Businesses and Summer Tourism

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Moultonborough, NH) – After leading a bipartisan Congressional delegation (CODEL) to Canada last week, U.S. Senator Jeanne Shaheen (D-NH) highlighted the local impacts of President Trump’s sweeping tariffs on Granite State businesses at Colby Footwear in Rochester and discussed the negative effects on the summer tourism season with the Mount Washington Valley Chamber of Commerce in North Conway. Photos from today’s events can be found here. 
    “In New Hampshire, we should be preparing to welcome Canadian visitors for the summer tourism season – but instead, local businesses and retail sectors across the state are worrying about how travel cancellations and higher costs resulting from the President’s reckless tariffs on Canada will impact their bottom line and ability to operate,” said Senator Shaheen. “I’ll continue listening to the challenges that Granite Staters are facing so I can ensure their voices are heard in Washington.” 
    Last week, Shaheen led U.S. Senators Kevin Cramer (R-ND), Amy Klobuchar (D-MN), Tim Kaine (D-VA) and Peter Welch (D-VT) on a bipartisan delegation visit to Ottawa, Canada where they met with Prime Minister Mark Carney and members of his cabinet, the Business Council of Canada and other leading Canadian companies and business groups. The delegation reaffirmed the strong U.S.-Canada partnership and support for our bilateral relationship among Congress and the American people.   
    Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act which would limit the president’s ability to leverage sweeping tariffs that increase costs for American consumers and families. Her effort to pass this bill by unanimous consent was blocked by Senate Republicans. In recent months, Shaheen has traveled across the Granite State to visit businesses including Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings to hear directly from Granite Staters impacted by the administration’s tariffs.  
    Later in the day, Shaheen toured Castle in the Clouds in Moultonborough to discuss the upcoming summer tourism season and celebrate the site’s recent designation as a National Historic Landmark. In September of 2024, Shaheen sent a letter to National Park Service Director Charles Sams supporting the designation. 
    “Castle in the Clouds is a Granite State icon that does important work to help preserve New Hampshire’s stunning outdoor spaces and history,” said Shaheen. “I was glad to visit the beautiful landmark today to discuss the upcoming summer tourism season and the work we need to do to ensure Castle in the Clouds can thrive for future generations of Granite Staters to enjoy.” 
    Senator Shaheen has long drawn attention to the integral role Castle in the Clouds plays in fueling New Hampshire’s tourism economy. The 5,500-acre estate sees over 50,000 visitors annually. 

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI USA: Chairman Lawler Concludes Bipartisan Middle East CODEL on Enhancing Regional Partnerships

    Source: US Congressman Mike Lawler (R, NY-17)

    Washington, D.C. – 5/30/25… This week, Congressman Mike Lawler (NY-17), Chairman of the House Foreign Affairs Subcommittee on the Middle East and North Africa, concluded a bipartisan Congressional Delegation (CODEL) to Saudi Arabia, Israel, and Jordan, where he and fellow House Foreign Affairs Committee members engaged with regional leaders to advance shared interests, address ongoing challenges, and reinforce America’s commitment to peace in the Middle East.

    With Iran continuing to actively fund terror proxies and pursue a nuclear weapons program, the delegation placed a strong emphasis on deepening security coordination with key U.S. allies. In particular, the group explored emerging diplomatic opportunities in Syria and Lebanon, two countries where Iran’s malign influence has waned and where strategic engagement could help foster long-term stability.

    Conversations also centered on defeating Hamas, securing the release of the remaining hostages in Gaza, and ensuring humanitarian aid reaches Palestinian civilians directly, without interference from Hamas. The CODEL built on the momentum of President Trump’s recent visit to the region and explored new opportunities for economic cooperation and investment, especially in AI and emerging technologies across Saudi Arabia and the Gulf states.

    Joining Congressman Lawler on the delegation were Congresswoman Sheila Cherfilus-McCormick (FL-20), Ranking Member of the Middle East and North Africa Subcommittee, and Congressman Michael McCaul (TX-10), Chairman Emeritus of the House Foreign Affairs Committee. 

    In Saudi Arabia, the delegation held high-level meetings with the Minister of State for Foreign Affairs, H.E. Adel Al-Jubeir, and engaged with leading U.S. defense and technology companies. They also met with Diriyah Gate Development Authority CEO Gerard “Jerry” J. Inzerillo and toured the UNESCO World Heritage Site At-Turaif District in Diriyah, the historic capital of the first Saudi dynasty (1744-1818). 

    In Israel, the delegation met with Prime Minister Benjamin Netanyahu, received briefings on U.S.-Israel missile defense coordination, and visited key religious and cultural sites, including the Western Wall, the Church of the Holy Sepulchre, and the City of David.

    “Prime Minister Netanyahu’s determined leadership during this time of war has fundamentally shifted the security landscape of the Middle East and made it a safer place,” said Congressman Lawler. “The U.S.-Israel alliance remains ironclad as we pursue diplomatic solutions for lasting peace in the region.”

    In Jordan, the delegation met with His Majesty King Abdullah II and senior cabinet officials to reinforce the strategic partnership between the U.S. and Jordan. Congressman Lawler also led a discussion with Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti, as well as Jordan’s ministers of Economic Affairs, Investment, and Planning and International Cooperation. 

    The delegation also met with the Petra Development and Tourism Region Authority to explore avenues for expansion in tourism, cultural preservation, and sustainable development.

    “This CODEL served as a vital opportunity to strengthen our alliances, confront shared threats, and demonstrate bipartisan American leadership in support of our partners,” said Congressman Lawler. “As Chairman of the MENA Subcommittee, I remain committed to deepening U.S. engagement in the region and working with our partners to build a more secure, prosperous, and stable Middle East.”

    “Amidst President Trump’s efforts to end the war in Gaza & secure normalization agreements, I was honored to visit several of our allies and partners in the Middle East. These nations will play pivotal roles in shaping the future of the region — a future defined by peace and prosperity. I am grateful to our friends in the Kingdom of Saudi Arabia, Israel, and the Kingdom of Jordan for welcoming us, and I look forward to our continued partnership with these regional leaders as we work toward greater peace and stability across the Middle East,” said Congressman McCaul.

    Congressman Lawler is one of the most bipartisan members of Congress and represents New York’s 17th Congressional District, which is just north of New York City and contains all or parts of Rockland, Putnam, Dutchess, and Westchester Counties. He was rated the most effective freshman lawmaker in the 118th Congress, 8th overall, surpassing dozens of committee chairs.

    ###

    Official Photos from the congressional delegation can be found HERE.

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI USA News: MADE IN THE USA: President Trump’s Vision is Revitalizing American Industry

    Source: US Whitehouse

    President Donald J. Trump heads to Pennsylvania today, where he’ll champion the partnership he brokered between U.S. Steel and Nippon Steel — a $14 billion investment that will create at least 70,000 jobs and ensure steel is made in America for decades to come.

    AMERICAN JOBS, AMERICAN STEEL.

    The landmark agreement comes alongside a host of companies from across industries that are onshoring their production and investing in American manufacturing as President Trump relentlessly pursues his America First trade policies.

    Look no further than the automotive industry:

    • Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, plant and a $388 “megahub” in Detroit, Michigan.
    • General Motors announced an $888 million investment at its propulsion plant in Tonawanda, New York.
    • Volkswagen is planning to make a “massive” investment in its U.S. production.
    • Toyota announced it will boost hybrid vehicle production at its West Virginia plant.
    • Mercedes-Benz announced it will add a new vehicle to its Tuscaloosa, Alabama, manufacturing plant.
    • Honda plans to shift production of the Civic from Japan to the U.S.
    • Hyundai announced a $20 billion investment to support its U.S. vehicle production.
    • Kia plans to produce hybrid vehicles at its affiliate Hyundai’s Georgia factory.

    It’s not just the auto industry; scores of others are lining up to invest in America:

    • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    • Apple announced a $500 billion investment in U.S. manufacturing and training.
    • NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
    • IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
    • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    • Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
    • Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 12,000 jobs.
    • Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.
    • Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
    • United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
    • Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
    • John Deere announced plans to invest $20 billion over the next decade in American expansion, production, and manufacturing.
    • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    • Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development.
    • Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.
    • Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment.
    • AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network.
    • Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona.
    • GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production.
    • Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
    • Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
    • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    • In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.
    • Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
    • Kraft Heinz announced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades.
    • NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
    • Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network.
    • Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations.
      • $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
    • Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
    • Carrier announced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.
    • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    • Anduril Industries announced a $1 billion investment for a new autonomous weapon system facility in Ohio.
    • Williams International announced a $1 billion investment for a new high-volume aviation gas turbine engine manufacturing facility in Okaloosa County, Florida.
    • Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
    • Merck Animal Health announced an $895 million investment to expand their manufacturing operations in Kansas.
    • Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
    • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    • Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
    • AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
    • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    • Lego announced a $366 million investment to build a new distribution center in Prince George County, Virginia.
    • The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
    • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    • Anheuser-Busch announced a $300 million investment in its manufacturing facilities across the country.
    • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    • Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
    • Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
    • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    • Siemens Healthineers announced a $150 million investment to expand production, including relocating manufacturing operations for its Varian company from Mexico to California. 
    • JBS USA announced a $135 million investment for a new sausage production facility in Perry, Iowa.
    • TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
    • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    • Hotpack, a Dubai-based maker of food packaging materials and related products, announced a $100 million investment to establish its first U.S. manufacturing facility in Edison, New Jersey.
    • Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
    • Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory.
    • AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
    • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    • Valbruna Slater Stainless announced a $28 million investment in its stainless steel and nickel alloys bars manufacturing plant in Fort Wayne, Indiana.
    • Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
    • Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
    • Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
    • NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
    • LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
    • ViDARR, a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.

    That doesn’t even include the U.S. investments planned by foreign countries:

    • United Arab Emirates committed to investing $1.4 trillion in the U.S. over the next decade.
    • Qatar committed to generating $1.2 trillion in an economic exchange between the two countries.
    • Japan announced a $1 trillion investment in the U.S.
    • Saudi Arabia committed investing $600 billion in the U.S. over the next four years.

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI Africa: Secretary-General’s remarks to the Africa Dialogue Series High-Level Policy Dialogue [bilingual as delivered; scroll down for all-English and all-French]

    Source: United Nations – English

    his year’s dialogue focuses on “Justice for Africans and People of African Descent Through Reparations”.

    This is also the African Union’s theme for 2025, as it was already said.

    And it is a call gathering momentum around the world – from Freetown to Bridgetown. 

    Understandably so.

    Africa is a continent of boundless energy and possibility.

    But for too long, the colossal injustices inflicted by enslavement, the transatlantic slave trade, and colonialism have been left unacknowledged and unaddressed.

    I deeply regret that these wrongs were perpetrated by many countries, including my own.

    And they continue to distort our world today.

    Decolonization did not free African countries, or people of African Descent, from the structures and prejudices that made those projects possible.

    When African countries gained their independence, they inherited a system built to serve others — not them. 

    The inherited economic model and years of neglect in social and institutional investments during the colonial era created lasting challenges, shaping post-independence reality.

    Structures based on exploitation persisted.

    So did racism. 

    And the long shadow of colonialism can be felt in many of the continent’s current conflicts and governance challenges.

    Many African countries were under colonial domination when today’s multilateral institutions were created.

    And that injustice is reflected to this day.

    Excellencies,

    We point to the poisoned legacies of enslavement and colonialism, not to sow divisions but to heal them.

    Reparatory justice frameworks are critical – to redress historic wrongs, address today’s challenges, and ensure the rights and dignity of all.

    Such frameworks encompass a broad range of measures.

    We need a comprehensive approach, developed with the participation of affected communities, to achieve accountability and redress.

    And we must be clear-eyed about the fact that attempts to repair the past ring hollow unless they also seek to dismantle its manifestations in the present:

    From racism, to extraction of African resources, to the injustices embedded in structures, institutions, and global governance.

    Animated by honesty and justice, we can transform the legacies of slavery and colonialism into equal and respectful partnerships:

    Partnerships that ensure African countries take their rightful place in shaping global decision-making…

    That help to deliver on the priorities of African and Caribbean countries, and people of African descent…

    And that help to ensure that all Africans – and the African diaspora – have the opportunity to thrive.

    We must push for the Second International Decade for People of African Descent to deliver on reparatory justice, equal rights, and the Durban Declaration – the world’s blueprint to tackle racism and racial discrimination.

    Yes, these are turbulent times:

    Times of trade barriers…

    Deep cuts to lifesaving assistance…

    And international cooperation itself called into question.

    But that does not alter the truth that justice for Africa, for the Caribbean, and for all people of African descent requires global action and global partnerships.

    We need partnerships to reform global governance.

    The Pact for the Future agreed last year drove progress. I thank African countries sincerely for their support in getting an ambitious text over the line.

    And we must keep pushing for fair representation within international institutions – including permanent African representation on the United Nations Security Council.

    We need partnerships for peace founded on the principles of justice and international law, as set out in the United Nations Charter.

    The international community must play its part – in preventing and ending conflicts, relieving their appalling effects, and ensuring justice for victims.

    And the United Nations will never relent in pursuing peace for the great continent of Africa.

    We need partnerships to advance sustainable development. 

    The Pact for the Future includes important commitments: 

    To advance an SDG stimulus…

    To reform the international financial architecture…

    And to take action on debt – which is suffocating economies and sapping investment in many countries in Africa and the Caribbean.

    The upcoming Financing for Development Conference in Sevilla is an important opportunity to push this agenda forward.  

    We need concrete commitments on debt: to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.
                       
    We will keep pushing to boost the lending capacity of Multilateral Development Banks, making them bigger and bolder, able to mobilise far more private finance at reasonable cost to the African continent and the Caribbean. 

    And we need action to unleash a surge in finance across the board.  

    Developed countries must keep their promises on development spending…

    Governments must strengthen domestic resource mobilization…

    And we must keep working towards an inclusive, effective global tax regime able to meaningfully reduce tax evasion and to fight elicit financial flows and money laundering that is so dramatically impacting the African continent. 

    Enfin, nous avons besoin de partenariats pour la justice climatique.

    Les pays africains ne sont pas à l’origine de la crise climatique.

    Pourtant, les effets du réchauffement planétaire font des ravages sur tout le continent :

    Ils aggravent la faim, poussent les populations à l’exil, fragilisent les économies, détruisent les moyens de subsistance et fauchent des vies.

    Les Caraïbes sont elles aussi touchées de manière disproportionnée.

    Il est grand temps de mettre fin à cette injustice :

    Il faut que, parallèlement à des sources de financement innovantes, des contributions conséquentes soient versées au nouveau Fonds visant à faire face aux pertes et dommages.

    Il faut que le financement de l’adaptation connaisse un véritable bond et, notamment, que les pays développés honorent l’engagement qu’ils ont pris de verser au moins 40 milliards de dollars par an – dès cette année.

    Il faut également des investissements massifs dans les énergies propres.

    L’Afrique concentre 60 % des meilleures ressources solaires du monde et près d’un tiers des minéraux essentiels à la révolution des énergies renouvelables.

    Pourtant, les installations présentes sur le continent ne représentent que 1,5 % des capacités solaires mondiales.

    Près de 600 millions de personnes sont toujours privées d’électricité.

    Et les pays et les populations d’Afrique sont relégués au bas de la chaîne de valeur des minéraux critiques, tandis que d’autres tirent largement profit de ces ressources.

    L’exploitation séculaire des ressources naturelles du continent, source de conflits et de misère, doit cesser.

    Nous devons agir pour permettre à l’Afrique d’occuper la place qui lui revient, celle d’un leader mondial des énergies propres…

    Pour stimuler les investissements et réduire les risques pour les investisseurs…

    Et pour que les pays et les populations d’Afrique tirent le meilleur parti de leurs minéraux critiques.

    Les nouveaux plans nationaux d’action pour le climat, ou contributions déterminées au niveau national, qui seront présentés cette année, doivent être conformes à l’objectif de limiter le réchauffement planétaire à 1,5 degré Celsius, surtout dans les pays qui sont les grand pollueurs.

    Ces plans représentent une formidable occasion d’agir.

    J’exhorte les dirigeants africains à ne pas la laisser passer. Et à intégrer dans ces nouveaux plans des objectifs en matière de climat, d’énergie et de développement durable afin d’attirer les investissements.

    Et j’exhorte les pays, les entreprises et toutes les parties intéressées à collaborer avec nous pour appliquer les recommandations formulées par le Groupe chargé de la question des minéraux critiques pour la transition énergétique – et ainsi faire en sorte que les droits humains, la justice et l’équité soient garantis tout au long de la chaîne de valeur, et que les pays d’Afrique soient les premiers à tirer parti de ces ressources.

    Excellences,

    Dans tous ces grands domaines, mobilisons-nous pour qu’aucune personne, aucun pays et aucun continent ne soit laissé de côté.

    Et ensemble, faisons en sorte que justice soit rendue à l’Afrique et aux personnes d’ascendance africaine.

    Je vous remercie.

    *****
    [all-English]

    This year’s dialogue focuses on “Justice for Africans and People of African Descent Through Reparations”.

    This is also the African Union’s theme for 2025, as it was already said.

    And it is a call gathering momentum around the world – from Freetown to Bridgetown. 

    Understandably so.

    Africa is a continent of boundless energy and possibility.

    But for too long, the colossal injustices inflicted by enslavement, the transatlantic slave trade, and colonialism have been left unacknowledged and unaddressed.

    I deeply regret that these wrongs were perpetrated by many countries, including my own.

    And they continue to distort our world today.

    Decolonization did not free African countries, or people of African Descent, from the structures and prejudices that made those projects possible.

    When African countries gained their independence, they inherited a system built to serve others — not them. 

    The inherited economic model and years of neglect in social and institutional investments during the colonial era created lasting challenges, shaping post-independence reality.

    Structures based on exploitation persisted.

    So did racism. 

    And the long shadow of colonialism can be felt in many of the continent’s current conflicts and governance challenges.

    Many African countries were under colonial domination when today’s multilateral institutions were created.

    And that injustice is reflected to this day.

    Excellencies,

    We point to the poisoned legacies of enslavement and colonialism, not to sow divisions but to heal them.

    Reparatory justice frameworks are critical – to redress historic wrongs, address today’s challenges, and ensure the rights and dignity of all.

    Such frameworks encompass a broad range of measures.

    We need a comprehensive approach, developed with the participation of affected communities, to achieve accountability and redress.

    And we must be clear-eyed about the fact that attempts to repair the past ring hollow unless they also seek to dismantle its manifestations in the present:

    From racism, to extraction of African resources, to the injustices embedded in structures, institutions, and global governance.

    Animated by honesty and justice, we can transform the legacies of slavery and colonialism into equal and respectful partnerships:

    Partnerships that ensure African countries take their rightful place in shaping global decision-making…

    That help to deliver on the priorities of African and Caribbean countries, and people of African descent…

    And that help to ensure that all Africans – and the African diaspora – have the opportunity to thrive.

    We must push for the Second International Decade for People of African Descent to deliver on reparatory justice, equal rights, and the Durban Declaration – the world’s blueprint to tackle racism and racial discrimination.

    Yes, these are turbulent times:

    Times of trade barriers…

    Deep cuts to lifesaving assistance…

    And international cooperation itself called into question.

    But that does not alter the truth that justice for Africa, for the Caribbean, and for all people of African descent requires global action and global partnerships.

    We need partnerships to reform global governance.

    The Pact for the Future agreed last year drove progress. I thank African countries sincerely for their support in getting an ambitious text over the line.

    And we must keep pushing for fair representation within international institutions – including permanent African representation on the United Nations Security Council.

    We need partnerships for peace founded on the principles of justice and international law, as set out in the United Nations Charter.

    The international community must play its part – in preventing and ending conflicts, relieving their appalling effects, and ensuring justice for victims.

    And the United Nations will never relent in pursuing peace for the great continent of Africa.

    We need partnerships to advance sustainable development. 

    The Pact for the Future includes important commitments: 

    To advance an SDG stimulus…

    To reform the international financial architecture…

    And to take action on debt – which is suffocating economies and sapping investment in many countries in Africa and the Caribbean.

    The upcoming Financing for Development Conference in Sevilla is an important opportunity to push this agenda forward.  

    We need concrete commitments on debt: to lower the cost of borrowing, improve
    debt restructuring, and prevent crises from taking hold.

    We will keep pushing to boost the lending capacity of Multilateral Development Banks, making them bigger and bolder, able to mobilise far more private finance at reasonable cost to the African continent and the Caribbean. 

    And we need action to unleash a surge in finance across the board.  

    Developed countries must keep their promises on development spending…

    Governments must strengthen domestic resource mobilization…

    And we must keep working towards an inclusive, effective global tax regime able to meaningfully reduce tax evasion and to fight elicit financial flows and money laundering that is so dramatically impacting the African continent. 

    Finally, we need partnerships for climate justice.

    African countries did not cause the climate crisis. 

    Yet the effects of our heating planet are wreaking havoc across the continent:

    Fuelling hunger and displacement, hobbling economies, destroying livelihoods, and taking lives.

    The Caribbean is also suffering disproportionately.

    Justice is long overdue:

    We need significant contributions – together with innovative sources of financing – to the new fund for responding to loss and damage.

    We need a boom in adaptation finance – starting with developed countries honouring their commitment to at least $40 billion a year by this year.

    And we need massive investments in clean energy.

    Africa is home to 60 percent of the world’s best solar resources and around a third of the minerals critical to the renewable energy revolution.

    Yet the continent has just 1.5 percent of global installed solar capacity.

    Around 600 million people remain without power.

    And African countries and communities are pushed to the bottom of the critical minerals value chain, while others feast on their resources.

    The centuries-old exploitation of the continent’s natural resources – which fuels conflict and misery – must end.

    We need action for Africa to take its rightful place as the clean powerhouse of the world…

    To derisk and boost investment…

    And to ensure African countries and communities receive maximum benefit from their critical minerals. 

    New national climate action plans, or NDCs – must be submitted this year and align with limiting global temperature rise to 1.5 degrees Celsius, especially in countries that are the major polluters.

    These represent an immense opportunity.

    I urge African leaders to take it. And to use these new plans to bring together climate, energy, and sustainable development goals to attract investment.

    And I urge countries, companies and more, to work with us to deliver on the recommendations of our Panel on Critical Energy Transition Minerals – to ensure human rights, justice and equity through the value chain, and to retain maximum benefit in African countries.

    Excellencies,

    Across all these critical fronts, let’s work to leave no person, no country and no continent behind. 

    And together, let’s deliver justice for Africa and people of African Descent.

    Thank you.

    ******
    [all-French]

    Le dialogue de cette année a pour thème « Justice pour les Africains et les personnes d’ascendance africaine grâce aux réparations ».

    C’est également le thème retenu par l’Union africaine pour 2025, comme il a déjà été dit.

    Cet appel prend de l’ampleur dans le monde entier, de Freetown à Bridgetown.

    Cela n’a rien d’étonnant.

    L’énergie et le potentiel du continent africain sont sans limites.

    Mais pendant trop longtemps, les immenses injustices engendrées par l’esclavage, la traite transatlantique des esclaves et le colonialisme n’ont pas été reconnues ni prises en compte.

    Je regrette profondément que ces injustices aient été commises par de nombreux pays, dont le mien.

    Elles continuent de nos jours à peser sur le monde.

    La décolonisation n’a pas libéré les pays africains, ni les personnes d’ascendance africaine, des structures et des préjugés qui ont rendu ces projets possibles.

    Lorsque les pays africains ont accédé à l’indépendance, ils ont hérité d’un système conçu pour servir d’autres qu’eux.

    Le modèle économique hérité et des années de négligence en matière d’investissements sociaux et institutionnels pendant l’ère coloniale ont créé des problèmes durables qui ont façonné la réalité de l’après-indépendance.

    Les structures fondées sur l’exploitation ont persisté.

    Le racisme aussi.

    L’ombre du colonialisme plane sur nombre des conflits et difficultés de gouvernance que connaît le continent de nos jours.

    De nombreux pays d’Afrique étaient sous domination coloniale lorsque les institutions multilatérales actuelles ont été créées.

    Cette injustice est toujours visible aujourd’hui.

    Excellences,

    Si nous pointons du doigt l’héritage empoisonné de l’esclavage et du colonialisme, ce n’est pas pour semer la division, mais pour soigner les blessures du passé.

    Les cadres de justice réparatrice sont essentiels – pour réparer les torts historiques, relever les défis d’aujourd’hui et garantir les droits et la dignité de toutes et tous.

    Ces cadres englobent un large éventail de mesures.

    Nous avons besoin d’une stratégie globale, développée avec la pleine participation des populations affectées, pour faire appliquer le principe de responsabilité et assurer l’octroi de réparations.

    Nous devons nous montrer lucides : il est vain de vouloir réparer les erreurs du passé sans s’attaquer aussi à leurs répercussions actuelles :

    Du racisme à l’extraction des ressources africaines, en passant par les injustices ancrées dans les structures, les institutions et la gouvernance mondiale.

    C’est dans un esprit d’honnêteté et de justice que nous pourrons transformer les séquelles de l’esclavage et du colonialisme en partenariats fondés sur l’égalité et le respect.

    Des partenariats qui garantissent que les pays africains occupent la place qui leur revient dans le processus décisionnel mondial…

    Qui permettent de répondre aux priorités des pays d’Afrique et des Caraïbes, et des personnes d’ascendance africaine…

    Et qui contribuent à faire en sorte que tous les Africains – et la diaspora africaine – aient la possibilité de prospérer.

    Nous devons tout faire pour que la deuxième Décennie internationale des personnes d’ascendance africaine aboutisse à une justice réparatrice, à l’égalité des droits et à la réalisation de la Déclaration de Durban – le plan mondial de lutte contre le racisme et la discrimination raciale.

    Nous vivons, certes, des temps agités :

    Des temps où se dressent des barrières commerciales…

    Où l’aide vitale fait l’objet de coupes sombres…

    Et où la coopération internationale elle-même est remise en question.

    Il n’en demeure pas moins que la justice pour l’Afrique, pour les Caraïbes et pour toutes les personnes d’ascendance africaine nécessite une action et des partenariats mondiaux.

    Nous avons besoin de partenariats pour réformer la gouvernance mondiale.

    Le Pacte pour l’avenir, adopté l’année dernière, a permis certaines avancées. Je remercie sincèrement les pays africains du soutien qu’ils ont apporté à l’adoption de ce texte ambitieux.

    Nous devons continuer d’œuvrer en faveur d’une représentation équitable au sein des institutions internationales, et notamment d’une représentation permanente de l’Afrique au Conseil de sécurité de l’ONU.

    Nous avons besoin de partenariats pour la paix fondés sur les principes de la justice et du droit international, tels qu’ils sont énoncés dans la Charte des Nations Unies.

    La communauté internationale doit jouer son rôle – en prévenant les conflits et en y mettant fin, en atténuant leurs effets épouvantables et en garantissant la justice pour les victimes.

    Les Nations Unies ne relâcheront jamais leurs efforts en faveur de la paix sur le grand continent africain.

    Nous avons besoin de partenariats pour faire progresser le développement durable.

    Le Pacte pour l’avenir comprend des engagements importants :

    Promouvoir un plan de relance des objectifs de développement durable…

    Repenser l’architecture financière internationale…

    Et prendre des mesures concernant la dette, qui étouffe les économies et sape l’investissement dans de nombreux pays d’Afrique et des Caraïbes.

    La prochaine Conférence sur le financement du développement, qui se tiendra à Séville, est une occasion importante de faire avancer ce dossier.

    Nous avons besoin d’engagements concrets à cet égard, en vue d’abaisser le coût de l’emprunt, de faciliter la restructuration de la dette et d’empêcher les crises de s’installer.

    Nous poursuivrons l’action menée pour renforcer la capacité de prêt des banques multilatérales de développement, les rendre plus imposantes et plus audacieuses et leur donner les moyens de mobiliser bien plus de financements privés à un coût raisonnable au continent africain et aux Caraïbes.

    Nous devons prendre des mesures pour stimuler le financement dans tous les domaines.

    Les pays développés doivent tenir leurs promesses en matière de dépenses de développement…

    Les Gouvernements doivent accroître la mobilisation de ressources nationales…

    Et nous devons continuer d’œuvrer en faveur d’un régime fiscal mondial inclusif et efficace, qui permette de réduire l’évasion fiscale de manière significative et de lutter contre les flux financiers illicites et le blanchiment d’argent cela a un impact si dramatique sur le continent africain.

    Enfin, nous avons besoin de partenariats pour la justice climatique.

    Les pays africains ne sont pas à l’origine de la crise climatique.

    Pourtant, les effets du réchauffement planétaire font des ravages sur tout le continent :

    Ils aggravent la faim, poussent les populations à l’exil, fragilisent les économies, détruisent les moyens de subsistance et fauchent des vies.

    Les Caraïbes sont elles aussi touchées de manière disproportionnée.

    Il est grand temps de mettre fin à cette injustice :

    Il faut que, parallèlement à des sources de financement innovantes, des contributions conséquentes soient versées au nouveau Fonds visant à faire face aux pertes et dommages.

    Il faut que le financement de l’adaptation connaisse un véritable bond et, notamment, que les pays développés honorent l’engagement qu’ils ont pris de verser au moins 40 milliards de dollars par an – dès cette année.

    Il faut également des investissements massifs dans les énergies propres.

    L’Afrique concentre 60 % des meilleures ressources solaires du monde et près d’un tiers des minéraux essentiels à la révolution des énergies renouvelables.

    Pourtant, les installations présentes sur le continent ne représentent que 1,5 % des capacités solaires mondiales.

    Près de 600 millions de personnes sont toujours privées d’électricité.

    Et les pays et les populations d’Afrique sont relégués au bas de la chaîne de valeur des minéraux critiques, tandis que d’autres tirent largement profit de ces ressources.

    L’exploitation séculaire des ressources naturelles du continent, source de conflits et de misère, doit cesser.

    Nous devons agir pour permettre à l’Afrique d’occuper la place qui lui revient, celle d’un leader mondial des énergies propres…

    Pour stimuler les investissements et réduire les risques pour les investisseurs…

    Et pour que les pays et les populations d’Afrique tirent le meilleur parti de leurs minéraux critiques.

    Les nouveaux plans nationaux d’action pour le climat, ou contributions déterminées au niveau national, qui seront présentés cette année, doivent être conformes à l’objectif de limiter le réchauffement planétaire à 1,5 degré Celsius, surtout dans les pays qui sont les grand pollueurs.

    Ces plans représentent une formidable occasion d’agir.

    J’exhorte les dirigeants africains à ne pas la laisser passer. Et à intégrer dans ces nouveaux plans des objectifs en matière de climat, d’énergie et de développement durable afin d’attirer les investissements.

    Et j’exhorte les pays, les entreprises et toutes les parties intéressées à collaborer avec nous pour appliquer les recommandations formulées par le Groupe chargé de la question des minéraux critiques pour la transition énergétique – et ainsi faire en sorte que les droits humains, la justice et l’équité soient garantis tout au long de la chaîne de valeur, et que les pays d’Afrique soient les premiers à tirer parti de ces ressources.

    Excellences,

    Dans tous ces grands domaines, mobilisons-nous pour qu’aucune personne, aucun pays et aucun continent ne soit laissé de côté.

    Et ensemble, faisons en sorte que justice soit rendue à l’Afrique et aux personnes d’ascendance africaine.

    Je vous remercie.

    MIL OSI Africa –

    May 31, 2025
  • MIL-OSI Russia: Denis Manturov launched the production of a new Sollers car model and donated a bus to a large family from Ingushetia

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Denis Manturov, as part of a working visit to Tatarstan, took part in the launch ceremony of the new generation Sollers SF5 light commercial vehicle production

    May 30, 2025

    Denis Manturov handed over a Sollers Atlant bus to a large family from Ingushetia via videoconference at the plant site

    May 30, 2025

    Denis Manturov took part in the launch ceremony of the new generation Sollers SF5 light commercial vehicles

    May 30, 2025

    Denis Manturov took part in the ceremony of launching the production of the new generation light commercial vehicles Sollers SF5

    May 30, 2025

    Previous news Next news

    Denis Manturov, as part of a working visit to Tatarstan, took part in the launch ceremony of the new generation Sollers SF5 light commercial vehicle production

    First Deputy Prime Minister Denis Manturov, as part of a working visit to Tatarstan, together with the head of the republic Rustam Minnikhanov, took part in the ceremony of launching the production of the new generation Sollers SF5 light commercial vehicles. In addition, Denis Manturov, via videoconference at the plant site, handed over a Sollers Atlant bus to a large family from Ingushetia, with whom Russian President Vladimir Putin had spoken the day before.

    Sollers SF5 is the first Russian car of its class, serially equipped with an automatic transmission. It is produced using full-cycle technology, equipped with a fully localized diesel engine with a volume of 2.7 liters and a power of 150 hp, corresponding to the environmental standard “Euro-5”. Already at the stage of launching production, components of Russian manufacture are installed on Sollers SF5. It is planned that by the end of this year the level of localization of the new model will be 70%.

    “Sollers is taking a responsible approach to fulfilling its obligations, which were included in the special investment contract at the initial stage, and is gradually developing a new product range. Not long ago, last year, we launched the production of tourist buses in the Far East, before that – the previous generation of the Atlanta. I am confident that Sollers, both at other sites and in Alabuga, will confidently expand its product range, model range, increase the level of localization, and also provide work for other enterprises in the automotive component industry. In recent years, the automotive component industry has received a new lease of life in the development of the production of units and components. And Sollers is actively contributing to this, providing workload and orders to a wide range of Russian companies in this sector,” the First Deputy Prime Minister noted.

    “For 20 years, Sollers has been a strategic partner of Tatarstan. Today, the company continues to increase its market share, engage in localization and launch new products. Today, we are meeting another model. We sincerely thank the Government of Russia for supporting our car manufacturers and assisting in the implementation of promising investment projects. Stable operation of enterprises is the key to guaranteed good wages and decent working conditions,” said Rustam Minnikhanov.

    Denis Manturov handed over a 16-seat Sollers Atlant bus to a large family from Ingushetia via videoconference. Earlier, the family of Beslan Ruslanbekovich Bogolov and Maryam Khazhbikarovna Khamkhoeva, who are raising 11 children, asked Russian President Vladimir Putin to assist in purchasing comfortable transport for family trips. The President said that assistance would be provided, and today this informal order was fulfilled.

    Denis Manturov congratulated Maryam Khazhbikarovna on being awarded the title of “Mother Heroine”: “Even raising one child is a huge responsibility and noble work. And you have 10 boys and a girl, so raising them on their feet is definitely not an easy task. You are doing it – and this is truly a parental feat worthy of the deepest respect. The state has a special place for such families. Our President directs all authorities to prioritize support for those whose home is full of love, care and children’s voices.”

    As the First Deputy Prime Minister emphasized, the family will receive new transport within a week. “I hope that with its help you will show the children the beauty of the Caucasus. And it will be easier to solve everyday issues,” Denis Manturov added.

    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.

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Financial news: Citizens transfer pension savings to PDS

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The number of citizens forming pension savings in non-state pension funds (NPF) decreased by 564 thousand people, to 35.4 million people, according to the results of the first quarter. This mainly happened because NPF clients are actively joining the long-term savings program (LTSP) and transferring their funds there as a down payment.

    As a result, the volume of pension savings decreased by 103 billion rubles over the quarter. The number of PDS participants increased by almost 1.5 times over the quarter and amounted to about 4 million people.

    In the structure of NPF portfolios, the share of investments in OFZ increased and decreased in money market instruments. NPF income from investment was provided primarily by coupons on debt securities.

    Read more in“Review of key indicators of non-state pension funds” for the first quarter of 2025.

    Preview photo: Donat Sorokin / TASS

    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. KBR.ru/Press/Event/? ID = 24664

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Dmitry Chernyshenko assessed the work of educational and scientific institutions in Nizhny Novgorod

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. The Deputy Prime Minister spoke with students and teachers at the Nizhny Novgorod Automotive Technical School

    May 30, 2025

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. At the Nizhny Novgorod Automotive Technical School

    May 30, 2025

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. Pilot production of ultra-pure materials for microelectronics at the Nizhny Novgorod State University named after N.I. Lobachevsky

    May 30, 2025

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. Deputy Prime Minister and Gleb Nikitin sealed time capsules with messages to future generations from the Governments of the country and the region

    May 30, 2025

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. The Deputy Prime Minister assessed the site where the first stage of the IT campus is currently being completed – 18 student hotels

    May 30, 2025

    Previous news Next news

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. The Deputy Prime Minister spoke with students and teachers at the Nizhny Novgorod Automotive Technical School

    During his working visit to the Nizhny Novgorod Region, Deputy Prime Minister Dmitry Chernyshenko visited a number of educational and scientific institutions.

    In particular, Deputy Prime Minister, Minister of Education of Russia Sergey Kravtsov and Governor of Nizhny Novgorod Region Gleb Nikitin assessed the organization of the process of conducting the state final certification of schoolchildren. They visited one of the points where the Unified State Exam is held – at School No. 111 in Nizhny Novgorod, where the Russian language exam is being held for more than 200 children.

    Dmitry Chernyshenko noted that the main stage of the Unified State Exam began on May 23 in all 89 regions of Russia and 55 foreign countries. Today, the Unified State Exam in Russian is taking place – this is the most massive exam, with more than 640 thousand people registered to take it on the main day.

    During the trip, Dmitry Chernyshenko, Sergey Kravtsov and Gleb Nikitin assessed how the security point works and how security measures are organized at the exam point, and also watched the broadcast from other exam points in different regions. The school also demonstrated how work is organized at the headquarters of the exam point.

    “The procedure for the Unified State Exam has been streamlined in our country over the years and is conducted at the highest level. All assignments are printed directly in the classroom and transmitted in encrypted form, which completely eliminates the possibility of leaks. This is a unique technology that has no analogues in any country in the world. It guarantees absolute transparency and objectivity of the exam, providing equal conditions for all graduates. This year, more than 700 thousand are taking the Unified State Exam. In general, the exam is held in the normal mode, we will do everything possible to ensure that schoolchildren receive their results as soon as possible,” said Sergey Kravtsov.

    According to Gleb Nikitin, this year the region has organized 91 exam centers, which operate on the basis of educational organizations. The exam centers are equipped with video surveillance, metal detectors and mobile phone jammers. This is the most important condition for organizing high-quality and objective state final certification of school graduates.

    In addition, Dmitry Chernyshenko, together with Governor Gleb Nikitin, visited the world-class IT campus “Neimark”, the Nizhny Novgorod State University named after N.I. Lobachevsky (NNSU) and the Nizhny Novgorod Automotive Technical School.

    “A world-class inter-university campus is being created in Nizhny Novgorod, thanks to which new technologies will be developed. They will be aimed at achieving the national goal set by President Vladimir Putin – technological leadership, and will also be useful for the colleges of the federal project “Professionality”, – said Dmitry Chernyshenko.

    The Deputy Prime Minister assessed the site where the first stage of the IT campus is currently being completed – 18 student hostels. The work is being carried out under the federal project “Creating a Network of Modern Campuses” of the national project “Youth and Children”. It is planned that the first guests of the new complex will be participants of the World Youth Festival, which will be held in Nizhny Novgorod from September 17 to 21, 2025 and will bring together young people from Russia and foreign countries. Students of the Neimark University will move into the buildings from October.

    Dmitry Chernyshenko and Gleb Nikitin sealed time capsules with messages to future generations from the governments of the country and the region. In particular, they emphasized that the IT campus in Nizhny Novgorod is not just a complex of buildings or a university, but a growth point for new meanings and technologies. These capsules will be given to the builders, they will be laid in the foundation of one of the IT campus facilities under construction.

    According to Gleb Nikitin, the Nizhny Novgorod Region is one of Russia’s IT centers. The region is home to offices of about 2,000 companies working in the field of information and information and communication technologies.

    “The industry currently employs about 38 thousand people, and even taking into account such an impressive figure, there is a shortage of personnel. In this situation, the implementation of the Neimark IT campus project is of strategic importance to us. It is important that the Neimark University began its educational activities in advance, last year, under two programs. Starting this year, training will be conducted under five programs, which were developed jointly with leading universities of the Nizhny Novgorod Region,” said Gleb Nikitin.

    At UNN, Dmitry Chernyshenko assessed the pilot production of ultra-pure materials for microelectronics. At Lobachevsky University in Nizhny Novgorod, they plan to implement a full production cycle for high-purity substances. The project “Development of technologies for obtaining ultra-pure substances for the needs of the microelectronic industry and low-tonnage chemistry” is being implemented within the framework of the Priority-2030 program. The university also continues to conduct developments within the framework of advanced engineering schools aimed at creating space communications systems, radar, as well as developing a new component base and materials for microelectronics.

    The Deputy Prime Minister was told about the university’s advanced developments in the field of artificial intelligence, aimed at developing health-saving technologies, increasing life expectancy, improving cognitive health and active longevity, as well as about developments in the field of neuromorphic and quantum technologies of artificial and hybrid intelligence and their implementation in the real sector of the economy.

    At the Nizhny Novgorod Automotive Technical School (NAMT), Dmitry Chernyshenko talked to students and teachers. In particular, the ambassadors of “Professionalitet” answered the questions of the Deputy Prime Minister and described how they help schoolchildren with career guidance. And student Violetta Chernutskaya spoke about her career choice and explained why girls should learn to work on a lathe.

    Since 2022, NAMT has been the center of the educational and production cluster “Mechanical Engineering” within the framework of the federal project “Professionality” of the national project “Youth and Children”. Within the framework of the project, new educational laboratories in mechatronics and robotics, industrial automation, automated design of technological processes were created. In total, the cluster “Mechanical Engineering” covers over 1.3 thousand students of six educational institutions of the Nizhny Novgorod region. Students consolidate the knowledge gained in the workshops of “Professionality” at the production sites of the Gorky Automobile Plant under the guidance of experienced mentors during practice, master classes, and the preparation of real projects.

    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.

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Denis Manturov and the Head of the Republic of Tatarstan Rustam Minnikhanov took part in the launch of the industrial technopark “Olimp”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Denis Manturov and Rustam Minnikhanov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    May 30, 2025

    Denis Manturov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    May 30, 2025

    Denis Manturov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    May 30, 2025

    Denis Manturov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    May 30, 2025

    Denis Manturov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    May 30, 2025

    Previous news Next news

    Denis Manturov and Rustam Minnikhanov visited the KAMAZ automobile plant and took part in the opening ceremony of the industrial technopark in Tatarstan

    First Deputy Prime Minister Denis Manturov, as part of a working trip to Tatarstan, together with the head of the republic Rustam Minnikhanov, visited the KAMAZ automobile plant and also took part in the opening ceremony of a new industrial technology park.

    At the KAMAZ scientific and technical center, the First Deputy Prime Minister and the head of the republic were presented with a number of the latest high-tech vehicles of the K5 generation, as well as quarry dump trucks of the Atlant family, a KAMAZ-6290 water truck and a KAMAZ-53199 (Chistogor) flatbed electric garbage truck.

    KAMAZ presented a set of technical solutions that allow drivers with disabilities to operate trucks. The vehicle is equipped with a device that lifts and places the driver in the cabin. The vehicle is fully controlled using the steering wheel. Denis Manturov instructed the Ministry of Transport, the Ministry of Industry and Trade, Rosstandart, and the Ministry of Health to develop regulatory framework to ensure that drivers with disabilities are allowed to carry out commercial transportation in specially equipped vehicles. Such solutions may be in demand, including for participants in the SVO.

    Denis Manturov and Rustam Minnikhanov took part in the grand opening ceremony of the industrial technopark “Olimp”, the residents of which will be enterprises in the field of radio-electronic industry. In particular, the Electronics and Power Elements Center of PJSC “KAMAZ” will be opened here, specializing in the development and production of electronic components for freight and passenger vehicles with hydrogen fuel cells and electric traction. In total, the federal authorities, the Republic of Tatarstan and KAMAZ invested over 2 billion rubles in the project to create a new technopark.

    “Today we had the opportunity to get acquainted with the results of research and development work on technologies related to the development of hydrogen engines or accumulators. This area is developing quite actively in our country. At the same time, the application areas are very wide. This is not only the automotive industry, but also river vessels. We must maintain our potential without slowing down. This is an interdepartmental task. Today, colleagues identified a number of issues that need to be resolved. We will actively work on this area,” Denis Manturov emphasized.

    “This is the result of systematic work to create a high-tech infrastructure for the development of the republic and the entire country. The project was implemented with federal support, and thanks to this, the first stage of the construction of the technology park was completed in the shortest possible time. It is important for us that the technology park is also an educational platform and a center for training engineering personnel. In recent years, much has been done in terms of supporting higher education. I am confident that “Olimp” will become a place of innovation, where breakthrough technologies will be born and a new generation of engineers will grow up. We will always support. I want to wish that those discoveries appear here that will ensure the technological independence of the country,” said Rustam Minnikhanov.

    A meeting of the organizing committee for preparations for the celebration of the 400th anniversary of the founding of the city of Naberezhnye Chelny and the 50th anniversary of the release of the company’s first truck was also held at the KAMAZ site, chaired by the First Deputy Prime Minister.

    “The significance of these events not only for Tatarstan, but for the entire country is emphasized by the President’s decree. Therefore, it is important for us to do everything necessary to ensure that the celebrations are held at the proper level. And most importantly, to leave behind a legacy in the form of new and overhauled facilities. We are talking about educational, cultural, sports and medical institutions. About the street and road network and residential buildings,” Denis Manturov noted.

    “We are grateful to the President of the Russian Federation Vladimir Vladimirovich Putin for the decision to celebrate the 400th anniversary of the city’s foundation and the 50th anniversary of the first KAMAZ vehicle at the federal level. The plan of the main events for the preparation and celebration of these significant dates has already been approved. And the main objective of the plan is to preserve human capital in the city, create comfortable conditions for life and work in production,” the head of the republic said.

    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.

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Financial news: 242 million rubles is not a trifle: results of the Coin Week

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    More than 51 million coins worth almost 242 million rubles were returned to circulation by citizens during the Coin Week, which took place in April this year. Thanks to the fact that new retail outlets joined the campaign, residents of 3,058 settlements were able to take part in it (2,568 in 2024).

    People handed in 235 tons of change to banks and shops — 17.5% more than last autumn. Half of the total weight was coins of 1, 2 and 5 rubles, the most popular in shops. The largest number of coins was collected in Moscow and the Moscow Region, St. Petersburg and the Leningrad Region, and Krasnodar Krai.

    Some banks and shops continue to accept coins for exchange for banknotes or crediting to an account. The addresses of participants and the conditions of acceptance are presented on the website coinweek.rf.

    In order to return coins to circulation, it is not necessary to wait for a special occasion; you just need to pay for goods and services with them.

    Preview photo: MaxZolotukhin / Shutterstock / Fotodom

    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: //VVV.KBR.ru/Press/Event/? ID = 24660

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Dmitry Patrushev: It is necessary to continue to open new markets for the development of Russian grain exports

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025

    May 30, 2025

    Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025

    May 30, 2025

    IV All-Russian Grain Forum – 2025

    May 30, 2025

    Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025

    May 30, 2025

    Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025

    May 30, 2025

    Previous news Next news

    Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025

    Deputy Prime Minister Dmitry Patrushev spoke at the IV All-Russian Grain Forum – 2025. The event was attended by representatives of relevant departments and organizations, as well as more than 60 companies that regularly purchase grain in our country.

    “Russian farmers harvested almost 130 million tons of grain in 2024. This result fully meets our domestic needs and creates a reserve for solving export problems. According to international institutions, this season Russia ranks second in barley production on the world stage, fourth in wheat and is in the top 10 in corn volumes. The 2025 sowing campaign is proceeding ahead of schedule. About 48 million hectares are planned for grain, including winter crops. All areas affected by recurrent frosts have already been resown. I expect that the approved area structure will be observed. And we can count on decent grain harvests. We hope that the harvest will be higher than in 2024,” said Dmitry Patrushev.

    The Deputy Prime Minister recalled that the Russian Government retains instruments to support farmers – preferential lending, control over the availability of mineral fertilizers, development of a preferential leasing mechanism, and others.

    In 2025, the subsidy for rail transportation of grain from Siberia and the Urals was increased by 2 billion rubles. This will allow more than 2 million tons to be exported from traditionally surplus regions and thereby support local farmers.

    Dmitry Patrushev noted that the intervention fund was transferred to sales mode in 2025. In addition, the export quota for wheat was reduced to maintain stability in the domestic market.

    According to the decree of the President on the national development goals of the Russian Federation, by 2030, with grain harvests of 170 million tons, grain supplies to foreign markets should reach 80 million tons. In the 2023-2024 season, Russia exported more than 71 million tons.

    The Deputy Prime Minister named measures that will allow removing barriers and intensifying current export deliveries. For example, a decree of the Russian Government was signed that increases the maximum volume of the additional quota for grain exports from 45 to 300%. This temporary measure will allow exporters to increase deliveries abroad due to the share of producers who have refused to export.

    “I urge businesses to make maximum use of the capabilities of our attachés on agro-industrial complex issues abroad, as well as the Federal Center for Development of Export of Agricultural Products. We have created this tool specifically to assist exporters in entering new sales markets,” said Dmitry Patrushev.

    The prospects for increasing exports, according to the Deputy Prime Minister, should also be viewed through the prism of expanding logistics capabilities. To this end, the development of port infrastructure continues first and foremost. Thus, in 2024, grain handling capacity increased by 5 million tons.

    In conclusion, Dmitry Patrushev noted the importance of international cooperation. The BRICS countries supported Russia’s proposal to create the association’s own grain exchange, aimed at strengthening food sovereignty and reducing dependence on Western trading platforms. At the level of the Russian Government, a concept is being developed that will be presented to partners.

    Dmitry Patrushev also answered questions from business representatives. They concerned support for the export of grain legumes, provision of farmers with fertilizers, agricultural insurance, lifting the ban on the export of raw rice and other topics. The Deputy Prime Minister emphasized that, despite the importance of export development, the domestic market is a priority in decision-making.

    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.

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: Mikhail Mishustin approved decisions on measures to support the coal industry

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Coal enterprises will receive additional support, which should ensure their further stable development in the current unfavorable economic situation. This decision was maderesults of the meeting on the situation in the coal industry, which was held by Prime Minister Mikhail Mishustin. The necessary instructions for the implementation of additional measures were given to the Ministry of Finance and the Ministry of Energy.

    A targeted approach will be used in providing assistance measures to coal industry organizations, developed by the Government on the instructions of the President.

    For this purpose, a decision was made to create a subcommittee to provide financial measures of state support to individual organizations in economic sectors. It will operate within the framework of the Government Commission on Increasing the Stability of the Russian Economy in the Context of Sanctions at the Ministry of Finance. The subcommittee will be headed by Finance Minister Anton Siluanov. It will include representatives of the Ministry of Economic Development, the Central Bank, the Federal Tax Service, the Federal Financial Monitoring Service and other structures.

    Together with the Ministry of Energy, the Ministry of Finance will have until June 5 to develop and approve the criteria on the basis of which decisions will be made on the consideration of applications for state support for industry companies.

    A number of proposals were made at the meeting, which it was decided to support.

    Thus, until December 1, a deferment of the mineral extraction tax and insurance contributions will be granted to all enterprises in the coal industry. If necessary, it can be extended for a longer period by a separate decision of the subcommittee.

    Coal industry organizations will be provided with targeted subsidies to compensate for part of the cost of logistics expenses when exporting coal products over long distances.

    Another decision concerns the provision of compensation in the amount of 12.8% of the tariff for export transportation of coal in the north-west and south directions to Siberian coal companies. Their list will be formed by the Ministry of Energy and approved by the subcommittee.

    On the instructions of Mikhail Mishustin, plans for the financial recovery of enterprises in the industry will be approved, including those providing for assistance from direct beneficiaries (shareholders), as well as restrictions on the payment of dividends, an increase in the salaries of senior management, and cost optimization.

    In addition, it has been deemed appropriate to give coal industry enterprises that are experiencing a serious debt burden the opportunity to restructure their credit debt. When working on this measure, the position of the financial regulator, the Bank of Russia, will be taken into account.

    Mikhail Mishustin instructed Sergei Tsivilev and Anton Siluanov to take personal control of the implementation of the decisions taken.

    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.

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Bolivia

    Source: IMF – News in Russian

    May 30, 2025

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

    Bolivia’s real GDP growth has moderated to 2.1 percent in the first three quarters of 2024, driven by a decline in hydrocarbons production, a slowdown in services activity, and a drop in soy crops and related manufacturing due to ‘El Niño’ effects. The economy has also faced disruptions from road blockages and scarcity of foreign exchange (FX)―given critically low international reserves―fuels and other critical inputs. High import costs, weak agricultural production, and road blockages pushed inflation to 10 percent at end-2024, the highest level in over a decade. Unemployment has fallen, but underemployment is rising, and real incomes retrenched on average. The combination of FX shortages, slowing activity, and depreciation of the parallel exchange rate resulted in a compression of the current account deficit to 2.7 percent for 2024. The fiscal deficit surpassed 10 percent of GDP in 2023-24 with declining hydrocarbon revenues, tax exemptions, increased social spending, and higher interest payments. The deficit has been mostly financed by the central bank amid tight external financing constraints. Public debt has increased to 95 percent of GDP.

    The financial sector remains well buffered. However, deposits declined in real terms and net interest margins are pressured by interest rate controls, limiting banks’ ability to raise loan rates amid rising inflation and slowing credit growth. Banks have experienced improved profitability from FX trading gains, resulting in a strengthened capital adequacy ratio of 13.5 percent in 2024, while non-performing loans have remained low at 3.2 percent of total loans.

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They expressed concern over Bolivia’s acute fiscal and external imbalances and unsustainable policy mix and called for urgent actions to address the overvalued exchange rate, bolster foreign reserves, and implement sustained fiscal consolidation. Directors cautioned that inaction could lead to a painful disorderly adjustment and underscored the Fund’s readiness to support the authorities through its various activities. They encouraged the staff to continue to closely engage the authorities on the needed adjustments. Careful communication of the policy reforms to stakeholders would be pivotal to enhance their acceptability.

    Directors stressed that the untenable peg to the U.S. dollar and depleted international reserves call for a decisive shift in the monetary policy framework. They called for a realignment of the exchange rate with market fundamentals, moving toward greater exchange rate flexibility, and for front loaded fiscal consolidation and restrictive monetary policy settings, which would address inflationary pressures, alleviate FX shortages, and allow elimination of FX restrictions. Increasing interest rate flexibility will facilitate effective monetary policy transmission.

    Directors recommended a credible and sustained fiscal consolidation by rationalizing the public wage bill, phasing out fuel subsidies, enhancing public investment management and spending efficiency, and mobilizing tax revenue. Eliminating monetary financing of fiscal deficits is also important. Directors also emphasized the need to mitigate the effects of the policy adjustments on vulnerable populations, including through improved targeting of the social safety net. A coherent fiscal framework can help underpin the consolidation plan.

    Directors emphasized the need to strengthen financial sector supervision amid growing economic vulnerabilities. They called for close monitoring and contingency planning and encouraged the implementation of the remaining 2024 FSAP recommendations and strengthening the AML/CFT framework. Enhancing Bolivia’s public pension fund operations by diversifying investments and strengthening the pension supervisor’s independence is also important.

    Directors called for comprehensive supply side reforms to enhance productivity and growth potential and facilitate external rebalancing by phasing out export ceilings, price controls, and credit quotas. They emphasized the need for a clear regulatory framework to attract private investment and to focus public investment on socially beneficial infrastructure projects. Further efforts to enhance transparency and the governance and anticorruption frameworks will also be important. Improving data adequacy also remains a priority.

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

    Table 1. Bolivia: Selected Economic Indicators, 2023-30

    Population (millions, 2024)

    11.3

    Poverty rate (percent, 2023)

    36.5

    Population growth rate (percent, 2024)

    1.4

    Adult literacy rate (percent, 2023)

    95.2

    Life expectancy at birth (years, 2024)

    68.7

    GDP per capita (US$, 2023)

    3,736

    Total unemployment rate (2024Q3)

    3.6

     

    IMF Quota (SDR, millions)

    240.1

     

     

    Est.

    Proj.

     

     

    2023

    2024

    2025

    2026

    Income and prices

    Real GDP

    3.1

    1.3

    1.1

    0.9

    Nominal GDP

    2.6

    6.5

    16.4

    16.9

    CPI inflation (period average)

    2.6

    5.1

    15.1

    15.8

    CPI inflation (end of period)

    2.1

    10.0

    15.6

    16.8

    Combined public sector

    Revenues and grants

    27.8

    28.4

    24.8

    24.2

       Of which: Hydrocarbon related revenue 1/

    2.8

    2.2

    1.9

    1.6

    Expenditure

    38.7

    38.7

    37.5

    37.4

       Current

    32.3

    33.2

    32.5

    32.6

       Capital 2/

    6.4

    5.4

    5.0

    4.8

    Net lending/borrowing (overall balance)

    -10.9

    -10.3

    -12.7

    -13.2

       Of which: Non-hydrocarbon balance

    -15.4

    -16.4

    -16.3

    -16.0

    Total gross NFPS debt 3/

    90.8

    95.0

    90.4

    91.4

    External sector

    Current account

    -2.5

    -2.7

    -2.6

    -3.2

    Exports of goods and services

    26.2

    20.7

    18.0

    16.0

       Of which: Natural gas

    4.5

    3.3

    2.3

    1.8

    Imports of goods and services

    28.6

    23.4

    20.4

    18.9

    Capital account

    0.0

    0.0

    0.0

    0.0

    Financial account (-= net inflow)

    -2.0

    -3.5

    -2.8

    -3.3

       Of which: Direct investment net

    0.0

    -0.2

    -0.2

    -0.1

       Of which: Other investment, net

    -1.5

    -2.1

    -2.3

    -3.4

       Of which: Unidentified financing inflows

    0.0

    0.0

    -1.4

    -3.2

       Of which: Unidentified financing inflows

    0.0

    0.0

    1.9

    2.8

    Net errors and omissions

    -4.8

    -2.6

    0.0

    0.0

    Terms of trade index (percent change)

    1.2

    -2.3

    -1.6

    -0.2

    Central Bank gross foreign reserves 4/ 5/ 6/

    In millions of U.S. dollars

    1,808

    2,009

    2,118

    2,199

    In months of imports of goods and services

    1.9

    2.1

    2.0

    2.0

    In percent of GDP

    4.0

    4.1

    3.8

    3.3

    In percent of ARA

    20.6

    23.0

    22.3

    20.5

    Money and credit

    Credit to the private sector (percent change)

    -2.1

    4.0

    7.5

    7.2

    Credit to the private sector (percent of GDP)

    70.8

    69.2

    63.9

    58.6

    Broad money (percent of GDP)

    90.2

    87.5

    85.7

    86.9

    Memorandum items:

    Nominal GDP (in billions of U.S. dollars)

    45.5

    48.4

    56.3

    65.9

    Bolivianos/U.S. dollar (end-of-period)  7/

    6.9

    …

    …

    …

    REER, period average (percent change) 8/

    -1.5

    …

    …

    …

      Oil prices (in U.S. dollars per barrel)

    80.6

    79.2

    72.0

    68.2

      Energy-related subsidies to SOEs (percent of GDP) 9/

    3.9

    4.0

    3.4

    2.9

    Sources: Bolivian authorities (MEFP, Ministry of Planning, BCB, INE, UDAPE); IMF; Fund staff calculations.
    1/ Excludes YPFB profits/losses.
    2/ Includes net lending.
    3/ Public debt includes SOE’s borrowing from the BCB (but not from other domestic institutions) and BCB loans to FINPRO and FNDR.
    4/ Excludes reserves from the Latin American Reserve Fund (FLAR) and Offshore Liquidity Requirements (RAL).
    5/ All foreign assets valued at market prices.
    6/ Includes a repurchase line of US$99.2 million maturing in 2025.
    7/ Official (buy) exchange rate.
    8/ The REER based on authorities’ methodology is different from that of the IMF (see 2017 and 2018 Staff Reports).
    9/ Includes the cost of subsidy borne by public enterprises and incentives for hydrocarbon exploration investments in the projection period.

    [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/Bolivia page.

    [3] At the conclusion of the discussion, the Managing Director, as Chair 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: Meera Louis

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/30/pr-25168-bolivia-imf-concludes-2025-art-iv-consult

    MIL OSI

    MIL OSI Russia News –

    May 31, 2025
  • MIL-OSI USA: Senator Collins Announces More Than $29 Million to Increase Access to Affordable Housing, Improve Public Services in Maine

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Senate Appropriations Committee, announced that multiple Maine localities will receive $29,017,396 in federal funding through the U.S. Department of Housing and Urban Development’s (HUD) Community Planning and Development (CPD) formula grant programs. CPD programs support states and communities as they construct and rehabilitate affordable housing, improve public services, and address homelessness. The grant awards are distributed through multiple HUD programs, including the Community Development Block Grant (CDBG), the HOME Investment Partnerships Program (HOME), the Housing Trust Fund (HTF), the Emergency Solutions Grant (ESG) program, and the Recovery Housing Program (RHP).
    “This funding will help communities across our state expand access to stable and affordable housing while improving essential local services and supporting job creation,” said Senator Collins. “As Chair of the Senate Appropriations Committee, I will continue to champion investments in housing and community infrastructure so that more Maine families and individuals can find a safe place to call home.”
    Community Development Block Grant (CDBG)
    This program supports the development of viable urban communities by funding housing, public infrastructure, and job creation programs that primarily benefit low- and moderate-income residents.
    The funding for this program is allocated as follows:
    State of Maine – $11,867,952
    City of Portland – $1,807,636
    Cumberland County – $1,509,068
    City of Bangor – $833,082
    City of Lewiston – $788,103
    City of Auburn – $485,861
    City of Biddeford – $424,428
    HOME Investment Partnerships Program (HOME)
    This program provides formula grants to build, buy, or rehabilitate affordable housing for rent or homeownership, or to provide direct rental assistance to low-income households.
    The funding for this program is allocated as follows:
    State of Maine – $4,076,946
    City of Portland – $800,654
    City of Auburn – $462,520
    Housing Trust Fund (HTF)
    This program funds the production and preservation of affordable housing for extremely low- and very low-income households.
    The funding for this program is allocated as follows:
    State of Maine – $3,134,373
    Emergency Solutions Grant (ESG)
    This program helps individuals and families quickly regain stable housing after experiencing homelessness or a housing crisis.
    The funding for this program is allocated as follows:
    State of Maine – $1,398,052
    City of Portland – $161,146
    Recovery Housing Program (RHP)
    This program provides temporary housing support for individuals recovering from substance use disorders.
    The funding for this program is allocated as follows:
    State of Maine – $1,267,575

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI USA: Senator Collins Announces More Than $4.2 Million for Airport Improvements Across Maine

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: May 30, 2025

    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Senate Appropriations Committee, announced that eleven Maine airports will receive a total of $4,201,355 to support important infrastructure improvements. This funding comes from the Federal Aviation Administration’s (FAA) Fiscal Year 2025 Airport Infrastructure Grants (AIG) program, made possible by the Infrastructure Investment and Jobs Act (IIJA). Senator Collins was one of 10 senators who negotiated the IIJA, which provided $15 billion for airport improvements nationwide.
    “Maine’s airports are vital pieces of our state’s transportation network that promote job creation and economic development. Throughout our state, airports play a critical role not only in carrying residents and visitors, but also in facilitating medical services for those in rural communities during emergencies when seconds count,” said Senator Collins. “These significant investments will allow airports across Maine to make much-needed improvements to their infrastructure, improving the safety and efficiency of their operations, while enhancing passengers’ overall experience.”
    Specifically, the funding has been allocated as follows:
    Auburn/Lewiston Municipal Airport (LEW) – $1,163,000 to support multiple improvements including construction of a new 11,800 square foot hangar for aircraft storage, a new general aviation apron, and a 900-foot hangar taxilane to improve airfield access and bring the airport in alignment with current aviation standards.
    Eastern Slope Regional Airport (IZG) – $416,385 to update the airport’s master plan, which will guide future development.
    Pittsfield Municipal Airport (2B7) – $268,294 to acquire a snowplow attachment and reseal 4,003 feet of runway pavement to extend its service life.
    Dewitt Field/Old Town Municipal Airport (OLD) – $245,044 to reimburse the airport for construction of a portion of a new 9,000 square foot hangar completed in 2020 that is helping the airport generate additional revenue.
    Sugarloaf Regional Airport (B21) – $237,500 to design rehabilitation plans for 2,797 feet of runway to extend its service life.
    Augusta State Airport (AUG) – $213,750 to reconstruct airfield markings that have reached the end of their useful lives, improving safety for pilots and ground crews.
    Princeton Municipal Airport (PNN) – $183,350 to design a new 4,225 square foot hangar that will support airport self-sufficiency through increased aviation activity.
    Stephen A. Bean Municipal Airport (8B0) – $150,000 to reconstruct 3,444 square yards of existing terminal apron to extend its service life and construct new 750-foot taxilanes to improve airfield access.
    Northern Aroostook Regional Airport (FVE) – $118,720 to acquire snow removal equipment, including a snow blower and plow blade, to improve winter operations.
    Presque Isle International Airport (PQI) – $115,615 to acquire and install upgraded security equipment in accordance with federal regulations.
    Lincoln Regional Airport (LRG) – $89,697 to acquire 0.7 acres of land, including an on-property building, for future development,
    Since joining the Appropriations Committee in 2009, Senator Collins has helped to secure more than $1 billion in competitive transportation grants for the State of Maine.

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI USA: Padilla, Marshall Introduce Bipartisan, Bicameral Legislation to Spur Plant Biostimulant Research and Development

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Marshall Introduce Bipartisan, Bicameral Legislation to Spur Plant Biostimulant Research and Development

    LOS ANGELES, CA — U.S. Senators Alex Padilla (D-Calif.) and Roger Marshall (R-Kan.) introduced the Plant Biostimulant Act to create a uniform federal definition for plant biostimulants, establish a consistent regulatory pathway to market, and promote additional research into the benefits of biostimulant products on soil health and crop production. Plant biostimulants are substances or microorganisms applied to plants or soils to enhance natural processes, improve nutrient uptake, increase tolerance to environmental stress, and boost overall plant health and crop yield. These products also show promise for improving sustainability through practices like carbon sequestration and water quality improvement.
    Currently, there is no clear or consistent federal framework to govern the use and approval of plant biostimulants, which creates uncertainty for producers and limits the adoption of these innovative tools. The Plant Biostimulant Act would address this gap through federal guidance from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Agriculture (USDA). U.S. Representatives Jimmy Panetta (D-Calif.-19) and Jim Baird (R-Ind.-04) introduced companion legislation in the House of Representatives.
    “California’s agriculture industry is essential to our national economy and puts food on the table for families across the country,” said Senator Padilla. “As we leverage innovation to make our agriculture sector more sustainable, our evolving practices must be properly implemented to ensure their efficacy and safety. Oversight and regulatory standards for plant biostimulants, which could replace or reduce the use of synthetic pesticides and fertilizers, are critical to maintain California’s leadership at the forefront of this bio-based agricultural technology.”
    “Innovation is the cornerstone of American agriculture. By creating pathways to approve new agronomic tools like plant biostimulants, our nation’s farmers are able to produce more food with less crop protection tools and fertilizers,” said Senator Marshall. “I am proud to lead this bipartisan effort with Senator Padilla and Representatives Baird and Panetta to help make the world cleaner, safer, and healthier than we found it.” 
    “The lack of a standard regulatory definition or pathway to market for plant biostimulants makes it harder for producers to access this sustainable and effective technology,” said Representative Panetta. “By reintroducing this bipartisan bill, we’re pushing for the clarity and federal coordination needed to encourage the adoption of biostimulants. Increasing access to these products helps our farmers improve crop yields, protect our environment, and maintain U.S. leadership in sustainable agriculture.”
    “Our farmers and ranchers deserve a regulatory process that provides a clear path for their products to go to market, especially as new technologies become available for famers and producers to improve the efficiency, productivity, and sustainability of our agriculture industry,” said Representative Baird. “Biostimulants have the significant potential benefits for producers and their sustainability footprint. Defining these products and creating a consistent process is an important step in giving farmers better access to plant biostimulants and other new technologies to ensure our agriculture sector can thrive.”
    “The reintroduction of the Plant Biostimulant Act in the Senate is a pivotal step forward, and we commend Senators Roger Marshall and Alex Padilla for their leadership,” said Keith Jones, Executive Director of the Biological Products Industry Alliance (BPIA). “This bipartisan legislation provides much-needed regulatory clarity for plant biostimulants—ensuring a consistent federal definition and a predictable path to market for these innovative tools. By enabling greater investment in U.S. agricultural innovation, it strengthens our global competitiveness and supports long-term sustainability. BPIA stands ready to work with Congress, growers, and partners across the agricultural community to get this bill passed and deliver the solutions our farmers deserve.”
    Specifically, the Plant Biostimulant Act would:
    Amend the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) to define plant biostimulants;
    Direct EPA to revise the Code of Federal Regulations to reflect the new definition;
    Require USDA to study the contributions of plant biostimulants to soil health and sustainability.
    Plant biostimulants are similar to probiotics or vitamins for plants which stimulate a plant’s natural processes to increase growth and optimize plant health, thereby reducing abiotic stress such as heat, salinity, floods, and drought. Plant biostimulants can provide environmental benefits by improving soil health, enhancing fertilizer efficiency, and reducing greenhouse gas emissions. The California Department of Food and Agriculture is a leader in the development of guidelines used to register plant biostimulant products, and the University of California, Davis has pioneered research on the efficacy of plant biostimulants for increasing drought resiliency in tomatoes, among other areas.
    The Plant Biostimulant Act is endorsed by the following groups: Agriculture Retailers Association (ARA), American Seed Trade Association (ASTA), Biological Products Industry Alliance (BPIA), Biotechnology Innovation Organization (BIO), Council of Producers and Distributors of Agrotechnology (CPDA), CropLife America (CLA), The Fertilizer Institute Biostimulant Council, Golf Course Superintendents Association of America (GCSAA), Humic Products Trade Association (HPTA), International Fresh Produce Association (IFPA), National Association of Landscape Professionals (NALP), RISE (Responsible Industry for a Sound Environment), Southern Crop Production Association (SCPA), and Western Growers.
    Full text of the bill is available here.

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI USA: Gov. Pillen Signs Last of Bills to Protect Children Online

    Source: US State of Nebraska

    . Pillen Signs Last of Bills to Protect Children Online

     

    LINCOLN, NE – A package of bills aimed at protecting kids, and introduced on behalf of Governor Jim Pillen, are now law. He signed the last of the four bills, LB504, this morning. It helps protect the personal information of children who are online and gives parents the ability to monitor privacy and account settings. Three other bills were officially signed by the Governor last week. At today’s event, Gov. Pillen gave ceremonial copies of those bills to sponsoring senators and to Attorney General Mike Hilgers.

     

    “We’re never going to give up on our kids. They are our future. Today marks a gigantic step in protecting our kids,” said Gov. Pillen. “Collectively all these bills have an incredible impact on helping our teachers and giving our schools the opportunity to teach our kids, instead of being disrupted in the classroom. They also provide parents with the tools they need to protect our kids from big tech online companies and predators.”

     

    Senator Carolyn Bosn said the purpose of LB504 was not about moderating content, but rather, ensuring that design features were made less addictive to young users.

     

    “We’re not going to wait for social media companies to do that anymore. We’re going to take matters into our own hands. Like the Governor said, we’re not going to give up on our kids and I think this piece of legislation really prioritizes kids and their experiences online.” 

     

    As part of the Age-Appropriate Online Design Code Act, online service providers can be assed civil penalties, if they commit a violation.  

     

    Senator Rita Sanders said similarly the intent of her bill (LB504), was not to ban phones outright, but limit their negative impact in the classroom. She cited success in the Bellevue School District after restrictions were implemented there. She said LB140 will do the same for other school systems across the state. 

     

    “It’s about giving local school districts the ability to limit distractions and create learning environments where students and teachers can thrive,” said Sen. Sanders. “The data is clear — according to PEW research, 72% of high school teachers say cell phones are a top distraction. Over half of school leaders report academic and mental health setbacks due to phone use. Studies show that cutting screen time can reduce anxiety and depression in teens by 40%.”

     

    Under LB140, school boards are required to adopt policies regarding student use of smart phones. Exceptions can be made for emergencies, health situations, educational purposes, with permission by the school board or school employee and as part of an individualized education program. Requirements need to be implemented for the 2025-2026 school year. 

     

    LB383, sponsored on the Governor’s behalf by Senator Tanya Storer, creates the Parental Rights in Social Media Act. In part, that legislation requires that social media companies verify the age of users and minors must get parental consent before creating their accounts.

     

    “I am honored to be a part of this transformational legislative reform package to protect the minds of our youth and empower parents with the tools to parent their children in the digital world the same way they are able to do in the physical world,” said Sen. Storer.    “This is long overdue, and I am excited to see the positive impact this will have on the next generation. This is a major step in freeing our children from the claws of big tech and reversing the tragic trend of depression, anxiety and suicide we have seen in our youth.”

     

    LB172, which was amended into LB383, tackles that issue of AI-generated pornography and creates criminal penalties for offenders. Bill introducer, Senator Brian Hardin, pointed to Nebraska’s leadership in creating protections – protections that have not yet been addressed at the federal level. 

     

    “Our grandparents and great-grandparents could never have envisioned the world that these leaders are bringing into locus. It takes forward leaning leadership to make this happen. We’re leading the way here in Nebraska.” 

     

    “The protections put into place with the passage of LB383 address the rapidly changing world which includes AI that can tragically be used to inflict harm on children through the production of generated child abuse material (CSAM),” added Attorney General Mike Hilgers. “I am grateful the Legislature recognized and addressed this threat with the passage of LB383.”

     

    Noting that nothing was more important than putting kids first, Gov. Pillen offered his appreciation for the hard work undertaken by lawmakers to get all four bills passed in the current legislative session.

     

    “These folks stood up to a lot of big tech companies coming in and saying, ‘we have this fixed, and we have that fixed,’ and nobody bought into that. I just can’t commend everyone enough for standing up and doing what’s right.”

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI Security: Collin County physician agrees to pay $3.5 million to resolve False Claims Act allegations of billing false claims to the COVID-19 Uninsured Program for evaluation & management services not rendered

    Source: Office of United States Attorneys

    PLANO, Texas – A Frisco physician has agreed to pay $3.5 million to resolve False Claims Act allegations in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Samad Khan, M.D. has agreed to pay the United States $3.5 million to resolve allegations that he violated the False Claims Act by knowingly submitting or causing the submission of false claims to the Health Resources & Services Administration COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing, Treatment, and Vaccine Administration for the Uninsured Program (the “Uninsured Program”) for evaluation and management services that were not performed.

    Between approximately May 2020 and April 2022, the Uninsured Program reimbursed eligible providers for COVID-19 tests, testing-related items and services, treatment, and vaccines performed on uninsured individuals.  Khan is a physician who owns SK Primary Care, PLLC (“SK Primary Care”), a medical clinic in Frisco.  During the COVID-19 Public Health Emergency (“PHE”), SK Primary Care provided healthcare services, including specimen collection for COVID-19 tests.  The settlement announced today resolves allegations that from April 2020 through October 2021, Khan knowingly submitted or caused the submission of false claims to the Uninsured Program by billing evaluation and management services (E/M Services) that were not performed.

    As alleged by the United States, claims for E/M Services, sometimes referred to as “office visits,” are submitted under Current Procedural Terminology (“CPT”) Codes, and vary in level of complexity. Higher level codes reflect increased complexity, such as a higher level of decision-making, more detailed history, or longer duration of time.  E/M Services levels 2 through 5 (e.g. CPT Codes 99202 through 99205, and 99212 through 99215) (“Higher Level E/M Services”) can only be performed by physicians or other qualified health care professionals (“QHPs”).  These professionals are distinct from clinical staff, such as medical assistants. A level 1 E/M Service, under CPT Code 99211, may not require the presence of a physician or other QHP. During the PHE, CMS approved the use of CPT Code 99211 for COVID-19 test specimen collection. Physicians and non-physician practitioners, such as nurse practitioners (NPs) were required to use CPT Code 99211 to bill for COVID-19 specimen collection billed by clinical staff incident to their services.

    The United States contends that during the PHE, SK Primary Care provided services at dozens of COVID-19 testing sites in Texas, operated by SK Primary Care and its management company, the majority of which were walk up or drive through testing sites (the “COVID test sites”).   Patients could register to receive a test at the COVID test sites by registering online through a website called “GoGetTested.Com.” The United States alleges that the COVID test sites were staffed with medical assistants who performed specimen collection services through nasal swabs on patients for COVID-19 tests. Khan knew that the appropriate CPT Codes for the services provided at the COVID test sites were specimen collection codes, including CPT Code 99211, but instead submitted claims under CPT Codes for Higher Level E/M Services. The United States contends that patients who went to the COVID test sites were never seen by Khan or any other QHP, and at no time was Khan or any other QHP providing any E/M Services to patients at the COVID test sites either in person or by audiovisual means.  From April 2020 through October 2021, for the services provided at the COVID test sites, Khan submitted or caused the submission of approximately 400,000 claims by SK Primary Care to the Uninsured Program for Higher Level E/M Services, the majority of which were level 2 and 3 E/M services.  Khan is the only rendering provider listed on SK Primary Care’s claims.

    The United States further alleges that Khan, in conjunction with and at the direction of SK Primary Care’s management company, coded the COVID specimen collection services as Higher Level E/M Services.  Reimbursements for E/M Services were substantially higher than reimbursements for specimen collection.  Moreover, in conjunction with and at the direction of SK Primary Care’s management company, SK Primary Care and Khan often submitted two claims for E/M Services for COVID-19 test specimen collection—the first “encounter” for the test, and a second “encounter” for providing results. The second “encounter” of providing results was not Khan providing E/M Services. Instead, an employee or contractor of SK Primary Care or SK Primary Care’s management company, such as nurse practitioners (NPs) and medical assistants, would provide tests results via telephone based on a courtesy call script.  NPs were not providing medical services, did not have any audiovisual connection to patients, and in many instances never even spoke to the patients to provide results, which were emailed or sent by text message.  As a result of these false claims for payment for E/M Services that were not performed, Khan received payments from the Uninsured Program to which he was not entitled.

    “The onset of the COVID-19 pandemic required both beneficiaries and the government to place their trust in front-line healthcare providers, even more than usual,” said Jay R. Combs, Acting U.S. Attorney for the Eastern District of Texas. “Unfortunately, some of those providers abused that trust and instead took advantage of the crisis to artificially inflate profits. It is these individuals that the Eastern District of Texas will hold accountable for their greed.”

    “When health care professionals receive payments for false claims they submit to federal health care programs, they erode public trust and divert taxpayer-funded resources away from those who truly need them,” said Special Agent in Charge Jason E. Meadows of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG).  “This settlement demonstrates our steadfast commitment to safeguarding taxpayer funds and working with our law enforcement partners to use all tools in our arsenal to hold accountable those who steal from the American public.”

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the Eastern District of Texas with assistance from HHS-OIG.  This matter was handled by Civil Division Fraud Section Trial Attorney Elizabeth J. Kappakas and by Assistant U.S. Attorneys James Gillingham and Kevin McClendon.

    The claims resolved by the settlement are allegations only and there has been no determination of liability.

    ###

    MIL Security OSI –

    May 31, 2025
  • MIL-OSI New Zealand: NZ Currency – 10 cent coin with King Charles III image now in production – Reserve Bank

    Source: Reserve Bank of New Zealand

    29 May 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua has quality checked and approved the 10 cent coin with the effigy of King Charles III, King of New Zealand (KCIII), for production and New Zealanders can expect to see it in their change around 2027.

    Photos of the quality checking were released today giving people the first look at the actual coin.

    “We received pre-production samples of the coin to check and approve before starting the full production run. We check the coins for quality, weight, size, security properties and that they match the design we ordered,” says Ian Woolford, Director of Money and Cash – Tari Moni Whai Take.

    2024 is stamped on the coin which is the year RBNZ placed the order with the Royal Canadian Mint. New Zealand does not have a mint, so our coins are produced overseas.

    The King’s effigy was designed for the Royal Mint by illustrator and designer Dan Thorne to be used on all New Zealand’s coins. The Royal Numismatic Society of New Zealand provided advice on the 10 cent coin before it went into production. The King faces to the left in keeping with the convention that the direction changes between sovereigns.

    “The reverse (or tails) side of the 10 cent coin still features an image of a koruru – the carved face on the gable of a meeting house – designed by James Berry as a part of the 1967 decimal coin series,” says Mr Woolford.

    “All existing circulating coins, and $20 banknotes, bearing images of Queen Elizabeth II continue to be legal tender. We order notes and coins infrequently and do not plan to destroy stock or withdraw them early from circulation as this would be wasteful and poor environmental practice.”

    Minting the 20 cent, 50 cent, $1 and $2 coins with the KCIII image is likely to be around 2027. Coins then typically enter circulation around two years after production.

    “Updating our currency with the new sovereign takes several years because we always hold sufficient stock to deal with demand spikes or supply issues. We make enough coins and banknotes just in case – not just in time,” says Mr Woolford.

    “We will let everyone know when the KCIII coins are due to enter circulation as the time nears.”

    Banks, retailers, consumers and anyone using or handling cash will not need to do anything differently when we introduce the coins bearing the image of the King. We will work with the cash industry to make sure there are no glitches with cash handling machines like self-service checkouts, vending and change machines accepting and issuing the new and old coins.
     

    More information

    King Charles III coin: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=65f32a7e75&e=f3c68946f8

    MIL OSI New Zealand News –

    May 31, 2025
  • MIL-OSI New Zealand: Port of Auckland fee increases cause concern for industry – Transporting NZ

    Source: Ia Ara Aotearoa Transporting New Zealand

    National road freight association Transporting New Zealand is voicing strong concerns over the Port of Auckland’s (POAL) announced increases to Vehicle Booking System (VBS) fees, warning these price hikes at the country’s largest import port will have major repercussions for businesses and consumers.
    Trucks have been charged $130 per visit in access fees to the container terminal during peak hours since January 2025. This will increase to $180 in January 2026, $230 by July 2026 and $350 by January 2027. These fees are levied each time a truck accesses the terminal to deliver or collect a container.
    Billy Clemens, Head of Policy & Advocacy at Transporting New Zealand, is questioning the justification for these large increases, noting that POAL’s productivity improvements have been minimal.
    “Our road freight members and their customers haven’t seen an associated increase in Port productivity,” he says.
    “In fact, from financial year 2023 to 2024 POAL’s average truck turnaround time improved by only 1.5 per cent, or 17 seconds. I don’t know of any road freight companies who could hike their prices by 170 per cent over two years following that level of performance.”
    Clemens also challenges POAL’s rationale that higher peak-time fees will incentivise off-peak deliveries.
    “ Traffic data confirms that our members already do their best to avoid peak traffic because it’s a nightmare in Auckland as it is. If they could, they would.”
    “A survey by one of our major North Island members revealed that only 12 per cent of their customers could accept night-time deliveries of containers.”
    Transporting New Zealand is warning that these increased costs will inevitably be passed on to consumers and exporters, making New Zealand goods less competitive on the international stage. All at a time when the Port is already comfortably surpassing its profit targets.
    Productive alternatives 
    Clemens urges POAL and its owner, Auckland Council, to focus on enhancing productivity and performance rather than imposing higher fees on industry stakeholders.
    “One practical option we’ve previously raised with POAL is to lower VBS charges for dual bookings, where a freighter both drops off and picks up containers on the same trip.”
    “If POAL wants to improve productivity, it should also look to its 2024 Annual Report. POAL was comfortably meeting its peak vs off-peak truck target, but failing on crane rate, ship rate, and import dwell time, amongst others.”
    Cargo owners share concern at price increases
    Mike Knowles, chair of the New Zealand Cargo Owners Council, says the time-of-use approach is too simplistic to achieve significant behaviour change as the port is just one part of a complex supply chain.
    The Cargo Owners Council believes it is time for benchmarking of NZ port productivity against their charge structures.
    “We think the time is long overdue for a closer look at arbitrary fee increases that do not result in measurable service or infrastructure improvement – as things stand the ultimate loser here is NZ Inc.”
    About Ia Ara Aotearoa Transporting New Zealand 
    Ia Ara Aotearoa Transporting New Zealand  is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country.
    Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4700 businesses, with an annual turnover of $6 billion.

    MIL OSI New Zealand News –

    May 31, 2025
  • MIL-OSI USA: Low-level fixed-wing flights to image geology of Michigan and Wisconsin

    Source: US Geological Survey

    Most of the surveying is expected to be completed by the late autumn of 2025; however, surveying may continue in the spring and summer of 2026 to avoid adverse weather conditions.

    The Michigan and Wisconsin flights are part of a national effort to map critical mineral resources needed to drive the U.S. economy and national security, searching below ground and in tailings from old mines.  As directed by the Energy Act of 2020, the U.S. Geological Survey has identified 50 critical minerals essential to the U.S. economy and national security, with a supply chain vulnerable to disruption.  The USGS partners on this effort with the Michigan Geological Survey, the Wisconsin Geological and Natural History Survey, and many other state geological surveys. 

    “The USGS Earth MRI program’s data for the Upper Peninsula is incredibly valuable. It will significantly enhance our understanding of the U.P.’s complex geology and is crucial for making informed decisions about sustainable land and resource management, and protecting public health in the region,” said Sara Pearson, director of the Michigan Geological Survey.

     Flights will cover areas within Alger, Baraga, Chippewa, Delta, Dickinson, Gogebic, Houghton, Iron, Keweenaw, Luce, Mackinac, Marquette, Ontonagon, and Schoolcraft Counties in Michigan, as well as Ashland, Florence, Forest, Iron, Marinette, Price, and Vilas Counties in Wisconsin.

    The flights will be based out of various Michigan and Wisconsin airports.  Flights and landing areas could shift with little warning to other parts of the survey area as necessary to minimize ferrying distances and avoid adverse flying conditions.

    The survey will acquire both magnetic and radiometric data across two non-overlapping blocks.  Fixed-wing survey aircraft will collect data along closely spaced flight lines at a nominal elevation of about 300 feet (100 meters). Flight lines will be spaced approximately 500 feet apart in the western survey block and 1,300 feet apart in the eastern survey block.  The magnetic component of the survey detects variations in the Earth’s magnetic field that reveal subsurface structures up to a few kilometers deep, or about 10,000 feet. Radiometric sensors measure natural low-level radiation to help map the distribution of potassium, thorium, and uranium near the surface.

    The survey will use aircraft equipped with an elongated “stinger” mounted to the tail extending backward off the aircraft. The scientific instruments on the aircraft are completely passive, with no emissions that pose a risk to humans, animals, or plant life. No photography or video data will be collected.  The data collected will be made freely available to the public on ScienceBase, typically within one year of flight completion. The aircraft will be flown by experienced pilots who are specially trained and approved for low-level flying. The company contracted to fly the survey works with the FAA to ensure flights are safe and in accordance with U.S. law. The surveys will be conducted during daylight hours only.

    The new geophysical data will be processed to develop high-resolution two- and three-dimensional representations of bedrock composition and structure to depths more of approximately 10,000 feet (almost 2 miles) below the surface.   The survey is funded by the USGS Earth Mapping Resources Initiative and is designed to meet needs related to mineral resource assessments, regional geologic framework and mapping studies, as well as water resource investigations and surficial mapping studies.  Additionally, the data and maps are important for improving our understanding of parameters for infrastructure and land-use planning, and potential risks of naturally occurring radon.  The MAG and RAD survey is focused on characterizing several major mineral systems, including critical minerals associated with mafic magmatic, volcanogenic seafloor, and porphyry systems.   Data from the survey will significantly improve our understanding of the region’s tectonic history.

    Figure 1:  Fixed-wing survey aircraft with tail stingers and sensors that collect scientific data on geology. (Credit: EON Geosciences Inc.)

    The USGS has contracted with Woolpert and EON Geosciences Inc. to collect data.

    Funding by the Infrastructure Investment and Jobs Act has facilitated coverage of such a large area.

    The survey fits into a broader effort by the USGS, the Michigan Geological Survey, the Wisconsin Geological and Natural History Survey, and other partners, including private companies, academics and state and federal agencies to modernize our understanding of the Nation’s fundamental geologic framework and knowledge of mineral resources. This effort is known as the Earth Mapping Resources Initiative, and it includes airborne geophysical surveys like this one, geochemical reconnaissance surveys, topographic mapping using LiDAR technology, hyperspectral surveys, and geologic mapping projects. 

    MIL OSI USA News –

    May 31, 2025
  • MIL-OSI: MediPharm Labs Refuses to Answer Direct Questions Regarding Credible Securities Fraud Allegations Says Apollo Capital

    Source: GlobeNewswire (MIL-OSI)

    Demands Management’s Board Nominees John Medland and Emily Jameson Withdraw Immediately or Face Public Complicity in Ongoing Alleged Systemic Violations of Securities Laws

    URGES SHAREHOLDERS TO VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES AND DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD

    TORONTO, May 30, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”), which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm”, “MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, today condemned MediPharm Labs and its leadership team for their blatant failure and outright refusal to answer simple, direct, and highly serious questions concerning credible allegations of alleged extensive securities act disclosure violations committed by the MediPharm Labs’ Board of Directors (the “Board”) and management team.

    In a deeply troubling display of evasion and obfuscation, MediPharm Labs’ senior management and current board—including Chairman Chris Taves (Managing Director and Head of Capital Markets for Asia at BMO), CEO David Pidduck (former CEO of OxyContin® Manufacturer Purdue Pharma), Shelley Potts, Chris Halyk, Keith Strachan, and recently resigned Audit Committee Chair Michael Bumby—have persistently refused to respond meaningfully to allegations of systemic and intentional securities fraud.

    Apollo Capital asks incoming MediPharm Labs Board nominees John Medland and Emily Jameson: How long will you continue standing for election to a board that consistently refuses to answer basic questions about credible allegations of securities fraud? Are you prepared to potentially permanently stain your professional reputations by associating yourselves with an entity that has been accused of deliberately evading accountability and transparency?

    Apollo Capital demands immediate, straightforward answers from MediPharm’s directors to the following questions:

    Has MediPharm Labs changed its revenue recognition practices from those in place two years ago?

    Is any purported growth simply a result of creative accounting designed to deceive shareholders?

    Given the undeniable gravity and credible evidence surrounding these allegations, Apollo Capital reiterates its urgent call for an immediate, comprehensive investigation by regulatory authorities including the Ontario Securities Commission (OSC), the Toronto Stock Exchange (TSX), and the U.S. Securities and Exchange Commission (SEC).

    Earlier this week, Apollo Capital raised broader concerns about the current Board’s commitment to ethical conduct, asking its fellow shareholders if they felt like Chairman Chris Taves properly fulfilled his fiduciary and moral duties and obligations to make them fully aware of David Pidduck’s history as CEO and VP of Marketing for OxyContin® Manufacturer Purdue Pharma, and whether they felt like details of Pidduck’s very recent past were MATERIAL facts that Chairman Taves should have made crystal clear before asking them on multiple occasions to vote in favour of Pidduck’s outrageous and off-market compensation package.

    Apollo Capital’s nominees, experienced professionals known for corporate turnarounds, have clearly outlined their mission: to root out any corporate rot, restore credibility, and return value to shareholders.

    MediPharm Labs shareholders deserve accountability, transparency and competent leadership—not empty claims, evasive tactics and an almost complete destruction of investor value.

    Previous Apollo Capital press releases detailing allegations of fraudulent and unethical activities at MediPharm Labs can be accessed here:

    MediPharm Labs Shareholders can visit www.CureMediPharm.com, to sign up for important campaign updates.

    VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES AND DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD

    To access Apollo Capital’s Circular and related proxy materials, including a proxy or voting instruction form, visit SEDAR+ at www.sedarplus.ca.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    CureMediPharm@gasthalter.com

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting, Apollo Capital has filed an amended and restated dissident information circular (the “Circular”) in compliance with applicable corporate and securities laws. Apollo Capital has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of Apollo Capital’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Circular and other relevant documents by contacting Apollo Capital’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by Apollo Capital and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by Apollo Capital is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of Apollo Capital who will not be specifically remunerated therefor. In addition, Apollo Capital may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy Advisors (“Carson Proxy”) for solicitation and advisory services in connection with the solicitation of proxies for the Meeting, for which Carson Proxy will receive a fee not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide Apollo Capital with certain communications, public relations and related services, for which G&Co will receive a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that Apollo Capital’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of Apollo Capital nor any of their associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of Apollo Capital nor any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors, the election of directors, the appointment of auditors and the approval of the ordinary resolution approving, among other things, the Company’s amended and restated equity incentive plan dated May 8, 2025 and the unallocated awards available thereunder.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of Apollo Capital and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and Apollo Capital disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Apollo Capital hereafter becomes aware, except as required by applicable law.

    Hashtags: #ShareholderActivism #CorporateGovernance #InvestorProtection #Investor Alert #Investor Fraud #FinancialRegulation #CorporateCrime #FinancialCrime #HomelandSecurity #DHS #OpioidCrisis #OpioidEpidemic #OpioidLitigation #OpioidVictims #BMO #DEA #ONDCP

    The MIL Network –

    May 31, 2025
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