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  • MIL-OSI: Solitron Devices, Inc. Announces Fiscal 2025 Fourth Quarter and Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., May 23, 2025 (GLOBE NEWSWIRE) — Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce fiscal 2025 fourth quarter and fiscal year 2025 results. 

    FISCAL 2025 FOURTH QUARTER HIGHLIGHTS –

    • Net sales decreased 22% to approximately $3.13 million in the fiscal 2025 fourth quarter versus $4.00 million in the fiscal 2024 fourth quarter.
    • Net bookings increased 301% to $8.92 million in the fiscal 2025 fourth quarter versus $2.23 million in the fiscal 2024 fourth quarter.
    • Backlog increased 62% to $18.11 million at the end of the fiscal 2025 fourth quarter as compared to $11.21 million at the end of the fiscal 2024 fourth quarter.
    • Net loss was ($0.37) million, or ($0.18) per share, for the fiscal 2025 fourth quarter versus net income of $5.80 million, or $2.78 per share, for the fiscal 2024 fourth quarter.

    FISCAL YEAR 2025 HIGHLIGHTS –

    • Net sales increased 10% to approximately $14.05 million in fiscal year 2025 versus $12.76 million in fiscal year 2024.
    • Net bookings increased 62% to $20.76 million in fiscal year 2025 versus $12.84 million in fiscal year 2024.
    • Backlog increased 62% to $18.11 million at the end of fiscal year 2025 versus $11.21 million as the end of fiscal year 2024.
    • Net income decreased to $0.82 million, or $0.39 per share, in fiscal year 2025 versus $5.80 million, or $2.78 per share, in fiscal year 2024. Fiscal year 2024 net income benefited from two non-recurring events – a $2.24 million bargain purchase gain related to the acquisition of Micro Engineering, Inc. (MEI) and an income tax benefit of $3.02 million based on the release of the Company’s deferred tax valuation.

    Fiscal year 2025 results include a full year of financial information for MEI, while fiscal year 2024 only contain two full quarters of MEI’s financials based on the acquisition date of September 1, 2023.   MEI contributed $6.08 million in revenue in fiscal year 2025. 

    On a positive note, the Company had substantial bookings in the last two quarters from contracts related to the two largest defense programs we supply to. These programs typically order every 12-18 months, so we expect bookings to lag sales for next few quarters. We continue to see positive comments related to future production levels for both the AMRAAM and HIMARS programs. The CEO of RTX recently stated that AMRAAM production was scheduled to double in calendar year 2025 as compared to calendar year 2024 levels. HIMARS continues to perform well in Ukraine, and we have seen reports of possible production increases as well. Lockheed was just awarded a follow-on contract only a few months after the previous award, which should lead to a supplemental order within the next few quarters. Foreign demand for both systems is strong. Foreign sales are typically included as part of normal production orders for both programs.

    On a negative note, revenue was down in the fourth quarter due to the lag time between receipt of orders and production. In the fourth quarter of fiscal year 2025, revenue was $3.13 million. We expect soft revenues in the first quarter of fiscal year 2026, ending May 31, 2025, and for sales to pick up at the end of the fiscal second quarter, before reaching a steadier level in the fiscal third quarter.

    We continue to see increased interest in new product development, including silicon carbide.  We have developed various prototypes for testing by potential customers and continue to be optimistic about creating additional revenue sources.

    SOLITRON DEVICES, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    FOR THE THREE MONTHS AND FISCAL YEAR ENDED FEBRUARY 28, 2025, AND FEBRUARY 29, 2024
    (in thousands except for share and per share amounts)
                           
      For The Three
    Months Ended    		     For The Three
    Months Ended    		     For The Fiscal
    Year Ended    		     For The Fiscal
    Year Ended    		    
      February 28, 2025     February 29, 2024     February 28, 2025     February 29, 2024  
      unaudited     unaudited              
    Net sales $ 3,131     $ 4,004     $ 14,049     $ 12,757  
    Cost of sales 2,554     2,778     10,057     8,950  
                           
    Gross profit 577     1,226     3,992     3,807  
                           
    Selling, general and administrative expenses 748     858     2,994     2,873  
                           
    Operating income (loss) (171 )   368     998     934  
                           
    Other income (loss)                      
    Interest income –     4     6     29  
    Interest expense (73 )   (69 )   (272 )   (177 )
    Dividend income 30     2     70     29  
    Realized gain (loss) on investments 80     –     127     332  
    Unrealized gain (loss) on investments (62 )   166     65     (579 )
    Bargain purchase gain –     2,236     –     2,236  
    Other expense –     (46 )   –     (27 )
    Total other income (loss) (25 )   2,293     (4 )   1,843  
                           
    Net income (loss) before income tax (196 )   2,661     994     2,777  
    Income tax (expense) benefit (178 )   3,024     (178 )   3,024  
                           
    Net income (loss) $ (374 )   $ 5,685     $ 816     $ 5,801  
                           
    Net income (loss) per common share – basic and diluted $ (0.18 )   $ 2.73     $ 0.39     $ 2.78  
                           
    Weighted average shares outstanding – basic and diluted 2,082,553     2,083,436     2,082,553     2,083,436  
                           
    SOLITRON DEVICES, INC.
    CONSOLIDATED BALANCE SHEETS
    AS OF FEBRUARY 28, 2025, AND FEBRUARY 29, 2024
    (in thousands, except for share and per share amounts)
           
      February 28, 2025   February 29, 2024
           
    ASSETS      
    CURRENT ASSETS      
    Cash and cash equivalents $ 4,099     $ 2,217  
    Marketable securities   919       904  
    Accounts receivable   2,129       2,826  
    Inventories, net   3,440       4,132  
    Prepaid expenses and other current assets   132       532  
    TOTAL CURRENT ASSETS   10,719       10,611  
           
    Property, plant and equipment, net   8,635       7,356  
    Finance lease, right of use asset   –       1,715  
    Intangible assets   2,905       3,114  
    Deferred tax asset   1,622       1,837  
    Other assets   555       107  
    TOTAL ASSETS $ 24,436     $ 24,740  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    CURRENT LIABILITIES      
    Accounts payable $ 439     $ 439  
    Customer deposits   118       539  
    Accrued contingent consideration, current   570       465  
    Finance lease liability   –       1,750  
    Mortgage loan, current portion   152       111  
    Accrued expenses and other current liabilities   846       1,080  
    TOTAL CURRENT LIABILITIES   2,125       4,384  
           
    Accrued contingent consideration, non-current   663       751  
    Mortgage loan, net of current portion   3,765       2,537  
    TOTAL LIABILITIES   6,553       7,672  
           
    STOCKHOLDERS’ EQUITY      
    Preferred stock, $.01 par value, authorized 500,000 shares, none issued   –       –  
    Common stock, $.01 par value, authorized 10,000,000 shares, 2,082,553 shares outstanding, net of 487,827 treasury shares at February 28, 2025 and 2,083,436 shares outstanding, net of 487,827 treasury shares at February 29, 2024, respectively   21       21  
    Additional paid-in capital   1,834       1,834  
    Retained earnings   17,440       16,625  
    Less treasury stock   (1,412 )     (1,412 )
    TOTAL STOCKHOLDERS’ EQUITY   17,883       17,068  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 24,436     $ 24,740  
           

    The unaudited financial information disclosed in this press release for the three months ended February 28, 2025, is based on management’s review of operations for that period and the information available to the Company as of the date of this press release. The Company’s results included herein have been prepared by, and are the responsibility of, the Company’s management. The Company’s independent auditors have audited the Company’s results for the fiscal year ending February 28, 2025. The financial results presented herein should not be considered a substitute for the information filed or to be filed with the SEC in the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the respective periods once such reports become available.

    About Solitron Devices, Inc.
    Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures, and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large variety of bipolar and metal oxide semiconductor (“MOS”) power transistors, power and control hybrids, junction and power MOS field effect transistors (“Power MOSFETS”), and other related products. Most of the Company’s products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy (“JAN”) transistors, diodes, and Standard Military Drawings voltage regulators, are sold as standard or catalog items.

    Effective September 1, 2023, Solitron closed its acquisition of Micro Engineering Inc. (MEI) based in Apopka, Florida. MEI specializes in solving design layout and manufacturing challenges while maximizing efficiency and keeping flexibility to meet unique customer needs. Since 1980 the MEI team has been dedicated to overcoming obstacles to provide cost efficient and rapid results.  MEI specializes in low to mid volume projects that require engineering dedication, quality systems and efficient manufacturing.  

    Forward-Looking Statements 
    This press release contains forward-looking statements regarding future events and the future performance of Solitron Devices, Inc. that involve risks and uncertainties that could materially affect actual results, including statements regarding the Company’s  expectations regarding future performance and trends, including production levels, government spending, backlog and delivery timelines, new product development, our efforts and performance following our acquisition of MEI, and potential future revenue and trends with respect thereto from each of the foregoing.  Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to, the risks and uncertainties arising from potential adverse developments or changes in government budgetary spending and policy including with respect to the war in Ukraine, which may among other factors be affected by the possibility of reduced government spending on programs in which we participate, inflation, elevated interest rates, adverse trends in the economy and the possibility of a recession the likelihood of which appears to have increased based on recent economic data, the possibility that management’s estimates and assumptions regarding bookings, sales and other metrics prove to be incorrect; the timing and size of orders from our clients, our delivery schedules and our liquidity and cash position; our ability to make the appropriate adjustments to our cost structure; our ability to properly account for inventory in the future;  the demand for our products and potential loss of, or reduction of business from, substantial clients our dependence on government contracts, which are subject to termination, price renegotiations and regulatory compliance and which may among other factors be adversely affected by the factors described elsewhere herein, our ability to continue to integrate MEI in an efficient and effective manner, and the possibility that such  acquisition or any other acquisition or strategic transaction we may pursue does not yield the results or benefits desired or anticipated. Descriptions of other risk factors and uncertainties are contained in the Company’s Securities and Exchange Commission filings, including its most recent Annual Report on Form 10-K for the fiscal year ended February 28, 2025.  

    Tim Eriksen 
    Chief Executive Officer 
    (561) 848-4311 
    Corporate@solitrondevices.com

    The MIL Network –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Reinvigorates the Nuclear Industrial Base

    Source: The White House

    REINVIGORATING THE NUCLEAR FUEL CYCLE: Today, President Donald J. Trump signed an Executive Order to expedite and promote the production and operation of nuclear energy, which is necessary to power the next generation technologies that secure our global industrial, digital, and economic dominance, achieve energy independence, and protect our national security.

    • This Order tasks the Secretary of Energy, in coordination with the Secretary of Defense, the Secretary of Transportation, and the Director of the Office of Management and Budget (OMB), to report on a recommended national policy to support spent nuclear fuel management, an evaluation of policies regarding commercial recycling and reprocessing of nuclear fuels, and recommendations for the efficient use of nuclear waste materials.
    • The Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and Director of OMB, will develop a plan to expand domestic uranium conversion capacity and enrichment capabilities to meet projected civilian and defense reactor needs.
    • This Order directs the Secretary of Energy to create a program to dispose of surplus plutonium by processing and making it available for advanced reactor fuel fabrication, stopping the surplus plutonium disposition program other than with respect to existing legal obligations.
    • President Trump is leveraging the Defense Production Act to seek voluntary agreements with domestic nuclear energy companies for the procurement of enriched uranium and for consultation regarding methods to enhance domestic capability to manage spent nuclear fuel.
    • The Secretary of Energy is authorized to support the establishment of nuclear industry consortia by ensuring offtake for newly established domestic fuel supply across milling, conversion/deconversion, enrichment, fabrication, and recycling and reprocessing.

    ACCELERATING NEW NUCLEAR ENERGY PRODUCTION: President Trump is leveraging the full suite of Federal financial resources to support the restart, completion, uprate, and construction of nuclear plants.

    • The Department of Energy will prioritize the facilitation of 5 GW of power uprates to existing nuclear reactors and construction on 10 new large reactors by 2030.
    • Federal loans and loan guarantees will be prioritized to support increased nuclear energy, including restarting closed nuclear power plants and completing construction of prematurely suspended plants.
    • The Order tasks the Secretary of Energy, in coordination with the Administrator of the Small Business Administration, to prioritize funding for companies with potential for near-term deployment of advanced nuclear technologies.

    EXPANDING THE AMERICAN NUCLEAR WORKFORCE: President Trump is taking action to expand pathways for Americans to gain employment in the domestic nuclear workforce.

    • Nuclear engineering and nuclear energy-related careers will be considered priority areas for actions directed pursuant to Executive Order 14278.
    • The Secretary of Labor and the Secretary of Education will increase participation in nuclear energy-related registered apprenticeships and career and technical education programs.
    • The Secretary of Energy will increase access to R&D infrastructure, workforce, and expertise at Department of Energy National Laboratories for college and university nuclear engineering students.

    STRENGTHENING THE DOMESTIC NUCLEAR FUEL SUPPLY CHAIN: To enable the long-term expansion of nuclear energy, the Federal government shall pursue policies to maximize the value of nuclear fuel and expand the domestic nuclear fuel supply chain.

    • The Nation’s nuclear fuel cycle infrastructure has severely atrophied, with domestic fuel sources supplying only about 5% of the fuel used in U.S. reactors. In addition to permitting challenges in mining the relevant minerals, in 1977 the Federal government introduced a policy that did not allow reprocessing of used fuel for commercial reactors, leaving the United States heavily dependent on foreign sources of uranium as well as uranium enrichment and conversion services. 
    • The United States possesses ample deposits of uranium and thorium that can power advanced nuclear reactors. The President has already taken decisive action to advance mining activities relevant to these minerals pursuant to his Executive Order “Immediate Measures to Increase Domestic Mineral Production.”
    • This Executive Order supplements the Administration’s actions on mineral production to ensure that we can not only mine, but also process and refine, nuclear fuel domestically. This is crucial for energy independence and national security.
    • Treatment of nuclear waste is one of the most difficult problems in the nuclear supply chain, and this Order brings together all relevant Federal agencies to develop implementable solutions.
    • 60% of the nuclear workforce is between the ages of 30 and 60, and this Order takes decisive action to generate a pipeline of workers to supply the demand for this crucial industry.

    UNLEASHING AMERICAN ENERGY: President Trump believes in supporting all forms of reliable, dispatchable energy, harnessing nuclear, fossil fuels, and emerging technologies to secure American energy independence and fuel economic growth.

    • On Day One, President Trump declared a National Energy Emergency to eliminate bureaucratic barriers, unleash innovation, and restore America’s position as the world’s leading energy producer.
    • Unleashing American energy will create jobs and economic prosperity, improve the United States’ trade balance, help our country compete with hostile foreign powers, strengthen relations with allies and partners, and support international peace and security.

    MIL OSI USA News –

  • MIL-OSI USA News: Reinvigorating the Nuclear Industrial Base

    Source: The White House

    By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

    Section 1.  Purpose.  The United States originally pioneered nuclear energy technology during a time of great peril.  We now face a new set of challenges, including a global race to dominate in artificial intelligence, a growing need for energy independence, and access to uninterruptible power supplies for national security. 
    It took nearly 40 years for the United States to add the same amount of nuclear capacity as another developed nation added in 10 years.Further, as American deployment of advanced reactor designs has waned, 87 percent of nuclear reactors installed worldwide since 2017 are based on designs from two foreign countries.At the same time, the Nation’s nuclear fuel cycle infrastructure has severely atrophied, leaving the United States heavily dependent on foreign sources of uranium as well as uranium enrichment and conversion services.These trends cannot continue.
    Swift and decisive action is required to jumpstart America’s nuclear energy industrial base and ensure our national and economic security by increasing fuel availability and production, securing civil nuclear supply chains, improving the efficiency with which advanced nuclear reactors are licensed, and preparing our workforce to establish America’s energy dominance and accelerate our path towards a more secure and independent energy future.

    Sec. 2.  Policy.  It is the policy of the United States to expedite and promote to the fullest possible extent the production and operation of nuclear energy to provide affordable, reliable, safe, and secure energy to the American people, to power advanced nuclear reactor technologies, as defined in 42 U.S.C. 16271(b)(1)(A), and to build associated supply chains that secure our global industrial and digital dominance, achieve our energy independence, protect our national security, and maximize the efficiency and effectiveness of nuclear fuel through recycling, reprocessing, and reinvigorating the commercial sector.

    Sec. 3.  Strengthening the Domestic Nuclear Fuel Cycle.  (a)  Within 240 days of the date of this order, the Secretary of Energy, in coordination with the Secretary of Defense, the Secretary of Transportation, and the Director of the Office of Management and Budget (OMB), shall prepare and submit to the President, through the Chair of the National Energy Dominance Council and the Director of the Office of Science and Technology Policy, a report that includes:

    (i.) a recommended national policy to support the management of spent nuclear fuel and high-level waste and the development and deployment of advanced fuel cycle capabilities to establish a safe, secure, and sustainable long-term fuel cycle;

    (ii.) a review of relevant statutory authorities to identify any legislative changes necessary or desirable to achieve the national policy recommended under subsection (a)(i) of this section; 

    (iii.) an evaluation of the reprocessing and recycling of spent nuclear fuel from the operation of Department of Defense and Department of Energy reactors and other spent nuclear fuel managed by the Department of Energy, along with a discussion of steps the Department of Defense and the Department of Energy are taking or must take to improve such reprocessing and recycling processes;

    (iv.) an analysis of legal, budgetary, and policy considerations relevant to efficiently transferring spent nuclear fuel from reactors to a government-owned, privately operated reprocessing and recycling facility;

    (v.) recommendations for the efficient use of the uranium, plutonium, and other products recovered through recycling and reprocessing;

    (vi.) recommendations for the efficient disposal of the wastes generated by recycling or reprocessing through a permanent disposal pathway;

    (vii.) a recommended process for evaluating, prior to disposal, nuclear waste materials for isotopes of value to national security, or medical, industrial, and scientific sectors;

    (viii.) a reevaluation of historic and current nuclear reprocessing, separation, and storage facilities slated for decommissioning and that are identified as having valuable materials, isotopes, equipment, licenses, operations, or experienced workers, and that may have potential fuel cycle or national security benefits if operations are continued or increased; and

    (ix.) a program to develop methods and technologies to transport, domestically and overseas, used and unused advanced nuclear fuels and advanced nuclear reactors containing such fuels in a safe, secure, and environmentally sound manner, including any legislation required to support this initiative     (b) Within 120 days of the date of this order, the Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and the Director of OMB, shall develop a plan to expand domestic uranium conversion capacity and expand enrichment capabilities sufficient to meet projected civilian and defense reactor needs for low enriched uranium (LEU), high enriched uranium (HEU) and high assay, low enriched uranium (HALEU), subject to retention of such stockpiles as are necessary for tritium production, naval propulsion, and nuclear weapons. The plan shall be implemented based on the timeframes set forth in the plan.

      (b) Within 120 days of the date of this order, the Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and the Director of OMB, shall develop a plan to expand domestic uranium conversion capacity and expand enrichment capabilities sufficient to meet projected civilian and defense reactor needs for low enriched uranium (LEU), high enriched uranium (HEU) and high assay, low enriched uranium (HALEU), subject to retention of such stockpiles as are necessary for tritium production, naval propulsion, and nuclear weapons. The plan shall be implemented based on the timeframes set forth in the plan.
      (c) The Secretary of Energy shall halt the surplus plutonium dilute and dispose program except with respect to the Department of Energy’s legal obligations to the State of South Carolina. In place of this program, the Secretary of Energy shall establish a program to dispose of surplus plutonium by processing and making it available to industry in a form that can be utilized for the fabrication of fuel for advanced nuclear technologies.
      (d) Within 90 days of the date of this order, the Secretary of Energy, in consultation with the Secretary of Defense as appropriate, shall update the Department of Energy’s excess uranium management policy to align with the policy objectives of this order and the Nuclear Fuel Security Act, factoring in the national security need to modernize the United States nuclear weapon stockpile. The Secretary of Energy shall prioritize contracting for the development of fuel fabrication facilities that demonstrate the technical and financial feasibility to supply fuel to qualified test reactors or pilot program reactors within 3 years from the date of such applications.
      (e) Within 30 days of the date of this order, the Secretary of Energy, in coordination with the Attorney General and the Chairman of the Federal Trade Commission, shall utilize the authority provided to the President in section 708(c)(1) of the Defense Production Act of 1950 (DPA) (50 U.S.C. 4558(c)(1)), which has been delegated to the Secretary of Energy pursuant to Executive Order 13603 of March 16, 2012 (National Defense Resources Preparedness), to seek voluntary agreements pursuant to section 708 of the DPA with domestic nuclear energy companies.The Secretary of Energy should prioritize agreements with those companies that have achieved objective milestones (e.g., Department of Energy-approved conceptual safety design reports, the ability to privately finance their fuel, or the demonstrated technology capability) for the cooperative procurement of LEU and HALEU, including as needed by the Federal Government for tritium production, naval propulsion, and nuclear weapons.
      (f)  The Secretary of Energy, the Attorney General, and the Chairman of the Federal Trade Commission shall take all necessary and appropriate steps under sections 708(c), (d), (e), and (f)(1)(A) of the DPA (50 U.S.C. 4558(c), (d), (e), (f)(1)(A)), for the Secretary of Energy to form agreements pursuant to subsection (e) of this section. 
      (g)  The Attorney General shall, after consultation with the Chairman of the Federal Trade Commission, consider whether to make the finding described in section 708(f)(1)(B) of the DPA (50 U.S.C. 4558(f)(1)(B)), with respect to any agreement and, no later than 30 days after any voluntary agreement is reached, shall publish such finding as appropriate. 
      (h)  Such voluntary agreements shall further allow consultation with domestic nuclear energy companies to discuss and implement methods to enhance the capability to manage spent nuclear fuel, including the recycling and reprocessing of spent nuclear fuel, to ensure the continued reliable operation of the Nation’s nuclear reactors.  Such voluntary agreements shall also allow industry consultation to establish consortia and plans of action to ensure that the nuclear fuel supply chain capacity, including milling, conversion, enrichment, deconversion, fabrication, recycling, or reprocessing, is available to enable the continued reliable operation of the Nation’s existing, and future, nuclear reactors.  The Secretary of Energy, consistent with applicable law, is authorized to provide procurement support, forward contracts, or guarantees to such consortia as a means to ensure offtake for newly established domestic fuel supply, including conversion, enrichment, reprocessing, or fabrication capacity.

      Sec. 4.  Funding for Restart, Completion, Uprate, or Construction of Nuclear Plants.  (a)  To maximize the speed and scale of new nuclear capacity, the Department of Energy shall prioritize work with the nuclear energy industry to facilitate 5 gigawatt of power uprates to existing nuclear reactors and have 10 new large reactors with complete designs under construction by 2030.  To help achieve these objectives, the Secretary of Energy, through the Department of Energy Loan Programs Office, shall, subject to the requirements of the Federal Credit Reform Act and other applicable law and OMB Circular A-11, prioritize activities that support nuclear energy, including actions to make available resources for restarting closed nuclear power plants, increasing power output of operating nuclear power plants, completing construction of nuclear reactors that was prematurely suspended, constructing new advanced nuclear reactors, and improving all associated aspects of the nuclear fuel supply chain.  
      (b) The Secretary of Energy shall also coordinate with the Secretary of Defense to assess the feasibility of restarting or repurposing closed nuclear power plants as energy hubs for military microgrid support, consistent with applicable law, focusing initially on installations with insufficient power resilience or grid fragility.
      (c) Within 180 days of the date of this order, the Secretary of Energy, in coordination with the Administrator of the Small Business Administration, shall, subject to the availability of appropriations, prioritize funding for qualified advanced nuclear technologies through grants, loans, investment capital, funding opportunities, and other Federal support. Priority shall be given to those companies demonstrating the largest degrees of design and technological maturity, financial backing, and potential for near-term deployment of their technologies.

      Sec. 5.  Expanding the Nuclear Energy Workforce. (a Nuclear engineering and other careers and education pathways that support the nuclear energy industry shall be considered areas of focus and priority pursuant to Executive Order 14278 of April 23, 2025 (Preparing Americans for High-Paying Skilled Trade Jobs of the Future).    
      (b)  Within 120 days of the date of this order, the Secretary of Labor and the Secretary of Education shall seek to increase participation in nuclear energy-related Registered Apprenticeships and Career and Technical Education programs by:
      (i)    using apprenticeship intermediary contracts and allocating existing discretionary funds, as appropriate and consistent with applicable law, to engage industry organizations and employers to perform a gap analysis of apprenticeship programs, and facilitate the development of Registered Apprenticeship programs, in nuclear energy-related occupations that are underrepresented;
      (ii)   encouraging States and grantees to use funding provided under the Workforce Innovation and Opportunity Act (Public Law 113-128), as amended, to develop nuclear engineering and other nuclear energy-related skills and to support work-based learning opportunities, including issuing related guidance to State and local workforce development boards and others regarding use of such funds for such purposes; and
      (iii)  consistent with applicable law, establishing nuclear engineering and other nuclear energy-related skills training and work-based learning as a grant priority in Employment and Training Administration and Office of Career, Technical, and Adult Education discretionary grant programs.
      (c)  Within 120 days of the date of this order, all executive departments and agencies that provide educational grants shall, as appropriate and consistent with applicable law, consider nuclear engineering and other nuclear energy-related careers as a priority area for investment.
      (d)  Within 120 days of the date of this order, the Secretary of Energy shall take steps to increase access to research and development infrastructure, workforce, and expertise at Department of Energy National Laboratories for college and university students studying nuclear engineering and other nuclear energy-related fields, and Department of Defense personnel affiliated with nuclear energy programs.

      Sec. 6.  Other Provisions.  Nothing in this order shall be construed to impair or otherwise affect OMB functions related to procurement actions and related policy.  This order shall be carried out subject to the budgetary, legislative, and procurement processes and requirements established by the Director of OMB, and coordinated with OMB, as appropriate, prior to the initiation of any new program, obligation, or commitment of Federal funds, or submission of any legislative or procurement proposal arising from this order.  This order shall be carried out in a manner which adheres to applicable legal requirements, conforms with nonproliferation obligations, and meets the highest safeguards, safety, and security standards.

      Sec. 7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
      (i)   the authority granted by law to an executive department or agency, or the head thereof; or
      (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
      (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
      (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
      (d)  The Department of Energy shall provide funding for publication of this order in the Federal Register.

                                     DONALD J. TRUMP

      THE WHITE HOUSE,
          May 23, 2025.

    MIL OSI USA News –

  • MIL-OSI: Midland States Bancorp, Inc. receives expected notification of deficiency from Nasdaq related to delayed filing of Quarterly Report on Form 10-Q

    Source: GlobeNewswire (MIL-OSI)

    EFFINGHAM, Ill., May 23, 2025 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company”) today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 19, 2025 (the “Notice”). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”) and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-Q”), as described more fully in the Company’s Form 12b-25 Notification of Late Filing (the “Form 12b-25”) filed with the Securities and Exchange Commission (the “SEC”) on May 9, 2025. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.

    The Notice has no immediate effect on the listing or trading of the Company’s common stock or depositary shares on the Nasdaq Global Select Market.

    In accordance with Nasdaq’s listing rules, the Company has until June 2, 2025 to submit to Nasdaq a plan to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the due date of the Form 10-K, or until September 29, 2025, to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable.

    As discussed in the Company’s Form 12b-25, filed with the Commission on May 9, 2025, the Company is completing its evaluation of the accounting and financial reporting of third-party lending and servicing arrangements, including the collection and analysis of third-party documentation. In addition, the Company is completing an evaluation of whether there is an impairment to its goodwill, including obtaining valuation information from third parties.

    Safe Harbor Statement

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company’s expectations as to the anticipated timing of filing the Form 10-K and Form 10-Q, completion of the Company’s audit for the year ended December 31, 2024, any impact on the Company’s previously reported financial results for the year ended December 31, 2024, and statements relating to the Company’s plan to regain compliance with Nasdaq’s listing rules, as well as all statements that are not historical facts. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this press release due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the expected timing and results of the Company’s audit for the year ended December 31, 2024; the risk that the completion and filing of the Form 10-K or Form 10-Q will take longer than expected; the timing of the Company’s submission of a compliance plan; Nasdaq’s acceptance of any such plan; the duration of any exception period that may be granted by Nasdaq; and the risk that the Company will be unable to meet Nasdaq’s continued listing requirements. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in reports filed with the SEC. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company’s position as of the date of this press release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company’s expectations or any change of events, conditions, or circumstances on which any such statement is based.

    About Midland States Bancorp, Inc.

    Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2025, the Company had total assets of approximately $7.46 billion, and its Wealth Management Group had assets under administration of approximately $4.10 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

    CONTACTS:
    Jeffrey G. Ludwig, President and CEO, at jludwig@midlandsb.com or (217) 342-7321
    Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321

    The MIL Network –

  • MIL-OSI: CETY Signs Non-Binding Offer with a European Solar and Wind Development Company

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, CA., May 23, 2025 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a turnkey energy solutions provider leveraging advanced technologies to deliver cost-effective, eco-friendly green energy solutions, clean energy fuels, and alternative electricity for a sustainable future is pleased to announce signing a Non-Binding Offer (the “NBO”) with a European Solar and Wind development company (whose identity is currently undisclosed due to confidentiality reasons).

    In connection with the proposed transaction contemplated by the NBO, CETY has secured an initial $4,400,000 in equity investment that is expected to form a portion of the funds that would be deployed by the Company in connection with the NBO transactions. The total deal size is estimated to be approximately $85,000,000, with investments in the development company based on scheduled milestones.

    This transaction is expected to expand CETY’s operations to Europe and allow CETY to gain a foothold in the scalable and lucrative market of solar and wind power generation. CETY also believes that Europe has strong and stable government policies that support long-term growth of renewable energy.

    About Clean Energy Technologies, Inc. (CETY)

    Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. CETY Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. CETY Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

    CETY’s common stock is currently traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit www.cetyinc.com.

    Follow CETY on our social media channels: Twitter | LinkedIn | Facebook

    This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended September 30, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at www.sec.gov.

    Safe Harbor Statement

    This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “expect,” “estimate,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Clean Energy Technologies, Inc.

    Investor and Investment Media inquiries:
    949-273-4990
    ir@cetyinc.com

    Source: Clean Energy Technologies, Inc.

    The MIL Network –

  • MIL-OSI USA: Governor Polis Signs Laws to Fully Fund Colorado Schools, Expand Resources for Students, and Foster a Stronger Workforce, Economy & Colorado for All, Takes Action on Bills

    Source: US State of Colorado

    DENVER – Today, Governor Polis attended a preschool graduation at Stevens Elementary School to celebrate the successful second year of the Colorado Universal Preschool Program, which is strengthening early childhood education and saving Colorado families more than $6,100 every year. The Governor also signed new laws to fully fund Colorado schools, strengthen our K-12 accountability system, and foster a strong workforce by creating more avenues for Coloradans to gain relevant skills that will help them succeed in the workforce. 

    “Congratulations, preschool class of 2025! I am so excited to be joining in on the celebrations and highlighting the second consecutive year of the successful Universal Preschool Program. Since day one, it has been my goal to expand access to early childhood education, helping students and families to find the best fit for their child, and ensuring that our early learners are ready for the next step in their academic journey,” said Governor Polis. 

    Colorado’s Universal Preschool Program (UPK) is seeing record enrollment numbers in its second year, serving more than 50,000 students and saving families an average $6,100 a year. 

    Later in the morning, Governor Polis signed HB25-1320 – School Finance Act, sponsored by Representatives McCluskie and Lukens, and Senators Lundeen and Bridges, fully funding K-12 education under Amendment 23, to support students and educators. 

    “With this bill, Colorado has made good on our promise to fully fund K-12 education and meet students where they are and bolster educational outcomes across our state. I appreciate the sponsors of this bill for working to increase school funding and turning on the new, student-focused school finance formula in a sustainable way,” said Governor Polis 

    Governor Polis additionally signed: 

    • HB25-1278 – Education Accountability System, sponsored by Representatives Bird and Lukens, and Senators Kirkmeyer and Michaelson Jenet
    • SB25-200 – Dyslexia Screening and READ Act Requirements, sponsored by Senators Kolker and Mullica, and Representatives Soper and Hamrick 

    “Every student should have the opportunity to succeed in the classroom, and today is another step forward in making sure that students, regardless of learning ability, have the correct resources to reach their fullest potential. Thank you to the sponsors for working diligently to ensure all Colorado students and educators have the tools to make a difference,” said Governor Polis. 

    Governor Polis also signed HB25-1192 – Financial Literacy Graduation Requirement, sponsored by Representatives Anthony Hartsook and Jennifer Bacon, and Senators Jeff Bridges and Lisa Frizell.

    “Increasing financial literacy helps young adults gain financial knowledge and make informed decisions about their personal finances. Thank you to the sponsors for recognizing the importance of education around money management and financial planning for young adults,” said Governor Polis. 

    Governor Polis concluded the day by signing bills into law, fostering a strong workforce by creating more avenues for Colordans to gain relevant skills that will help them succeed in the workforce. 

    • SB25-315 – Postsecondary & Workforce Readiness Programs, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer and Representatives Shannon Bird and Emily Sirota
    • HB25-1105 – Public Employees’ Retirement Association True-up of Denver Public Schools Division Employer Contribution, sponsored by Representatives Sean Camacho and Jennifer Bacon, and Senators Julie Gonzales and Jeff Bridges 

    “Colorado is a national leader in connecting Coloradans to the skills needed to fill in-demand jobs, earn a good wage, and drive our state’s economic success. These laws build upon our work to create a more robust workforce in Colorado and help Coloradans save and plan for retirement,” said Governor Polis. 

    Earlier this week, Governor Polis signed an Executive Order building on Colorado’s success in strengthening the workforce by directing Colorado’s state agencies, including the Department of Education, to work together to help more post-high school learners access needed credentials. 

    As Chair of the National Governors Association, Governor Polis launched Let’s Get Ready, a yearlong initiative designed to support the nation’s Governors in driving innovative education policies. Let’s Get Ready aims to help Governors form policies that better evaluate outcomes for state investments in education and improve outcomes for learners at all stages of their education journey. The initiative also focuses on the ways states can meet the future needs of the workforce by preparing students for success in and outside of the classroom.

     Governor Polis also signed HB25-1309 – Protect Access to Gender-Affirming Health Care, sponsored by Representatives Brown and Titone, and Senators Cutter and Gonzales. 

    “Building a Colorado for All means ensuring that everyone can thrive no matter who you are or how you identify. This legislation takes another step toward making this vision a reality for everyone,” said Governor Jared Polis. 

    The Governor signed the following bills administratively: 

    • SB25-276 – Protect Civil Rights Immigration Status, sponsored by Senators Gonzales and Weissman, and Representatives Velasco and Garcia
    • HB25-1314 – Peace Officer Status for Certain Department of Revenue Employees, sponsored by Representatives Lindstedt and Sirota, and Senator Kipp 

    The Governor also vetoed the following bills: 

    • HB25-1291 – Transportation Network Company Consumer Protection, sponsored by Representatives Willford and Froelich, and Senators Winter and Danielson
    • HB25-1220 – Regulation of Medical Nutrition Therapy, sponsored by Representatives Karen McCormick and Anthony Hartsook, and Senators Byron Pelton and Kyle Mullica.

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Cherfilus-McCormick Reintroduces Farm to Market Road Improvement Act

    Source: United States House of Representatives – Congresswoman Sheila Cherfilus-McCormick (D-Florida 20th district))

    WASHINGTON, DC – Today, Reps. Sheila Cherfilus-McCormick (FL-20), David Valado (CA-22), Vince Fong (CA-20), and Jim Costa (CA-21) introduced the Farm to Market Road Improvement Act. This bipartisan bill would make additional federal resources available to help repair and maintain the infrastructure that keeps America’s food supply chain moving.

    “Farmers in the Glades rely on safe, drivable roads that allow them to feed families across both our state and nation,” said Congresswoman Cherfilus-McCormick. “I’m proud to introduce this bipartisan piece of legislation to protect our agricultural backbone, repair local infrastructure, and strengthen our supply chains.”

    “The Central Valley is the backbone of our nation’s food supply, but after years of wear and tear from heavy trucks, many of our rural roads are in desperate need of repair,” said Congressman Valadao. “This bipartisan bill gives our communities access to the federal resources needed to repair and strengthen critical infrastructure, and I’m proud to lead this effort to support our farmers, grow our economy, and keep America’s food supply chain moving.”

    “My district is one of the top agricultural producing regions in the nation, and I’m proud to partner with Congressman Valadao to create another resource to improve roadways in the Central Valley,” said Congressman Fong. “By investing in our rural infrastructure we’re supporting the hardworking farmers who feed America and strengthening the supply chain that keeps our economy moving.”

    “Our farmers grow the food that feeds the nation, but they can’t do it without reliable roads to get their goods to market. The Farm to Market Roads Improvement Act ensures that rural communities like those in the San Joaquin Valley aren’t left behind,” said Congressman Costa. “By setting aside dedicated funding for farm-to-market road projects, we’re investing in the backbone of America’s agricultural economy and strengthening our rural infrastructure.” 

    “Palm Beach County, Florida supports resources to agricultural and rural communities to assist in repairing Farm to Market roads as efficiently as possible, so that agricultural products can be transported safely and quickly from farms to consumers,” said Maria G. Marino, Mayor, Palm Beach County, FL. “We support the legislative efforts of Reps. Valadao, Cherfilus-McCormick, Fong and Costa to define Farm-to-Market Roads in eligible counties, ensuring that 10% of the Rural Transportation Grant Program is directed to these crucial agricultural roadways.”

    “Reps. Valadao, Cherfilus-McCormick, Fong, and Costa’s legislation directs more federal transportation funding to communities like Tulare County,” said Tulare County Association of Governments Chairman Rudy Mendoza. “Our roads are used not only by residents traveling to work, but by agricultural goods on their way to markets across the world. This bill recognizes the national economic impact of our region and we appreciate our Congressional delegation’s continued support.”

    “Our local economy depends on safe, reliable infrastructure to move agricultural goods efficiently from the fields to the market,” said Kings County Supervisor Doug Verboon. “Farm-to-market roads are vital for connecting growers to processors, distributors, and markets across the region. The Farm to Market Road Improvement Act recognizes the unique transportation needs of rural farming communities and delivers the kind of targeted federal investment needed to maintain and modernize these critical routes.”

    “We welcome Rep. Valadao’s attention on this issue, particularly at a time when investments in our nation’s rural infrastructure continues to lag behind our more urban areas,” said Shannon Douglass, President, California Farm Bureau. “As we like to say—food security is national security—and this legislation would help provide a much-needed boost towards protecting our critical food supply chains.” 

    Read the full bill here.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: The Arab Plan for Early Recovery, Reconstruction and Development sets out a realistic path for the reconstruction of Gaza: UK statement at the UN

    Source: United Kingdom – Executive Government & Departments

    Speech

    The Arab Plan for Early Recovery, Reconstruction and Development sets out a realistic path for the reconstruction of Gaza: UK statement at the UN

    Statement by Stephen Hickey, Director for Middle East and North Africa in the FCDO, at the Preparatory meeting of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution.

    I’d also like to express the UK’s thanks to Saudi Arabia and to France for your excellent leadership in steering our preparations for this high-level conference at the UN.

    We are delighted to be co-chairing the Working Group on Humanitarian Action and Reconstruction with Egypt.

    The Working Group has three main goals.

    First, as the Egyptian Ambassador has just set out, we want to mobilise support for the Arab/Islamic Plan for Early Recovery, Reconstruction and Development.

    The plan sets out a realistic path for the reconstruction of Gaza and, if implemented, promises swift and sustainable steps to improve the catastrophic living conditions for the Palestinians living in Gaza.

    We strongly encourage all delegations ahead of the Conference in June to consider what concrete measures or commitments you can make to provide financial, technical, and capacity-building support to the plan, and to empower the Palestinian Authority to lead it.

    Of course, recovery and reconstruction efforts must also be based upon a solid political and security framework, which provides peace and security for both Israelis and Palestinians alike.

    We therefore encourage delegations to consider what enabling elements, including financial, governance and security arrangements, are required. We urgently need to get these in place so that reconstruction efforts are sustainable, inclusive, and can support longer-term peace.

    Second, our Working Group will look to identify how we can address the dire humanitarian situation in the Occupied Palestinian Territories.

    As my Prime Minister said this week, the level of human suffering in Gaza is intolerable.

    Humanitarian access to the Gaza Strip has been completely blocked or severely restricted since 2 March, and the entire population is at risk of famine according to the latest IPC report of 12 May. Meanwhile, hostages continue to be held in appalling conditions.

    The Secretary-General has been clear that the entry of humanitarian assistance must be restored immediately with UN agencies allowed to work in full respect of humanitarian principles.

    The UK has allocated $135 million this year to support the OPTs, including to provide humanitarian relief and support for Palestinian economic development.

    Our working group will explore how we can ensure sufficient funding of the response, and the steps that can be taken to ensure it is consistent with humanitarian principles and with International Humanitarian Law. This includes the needs of the most vulnerable groups.

    Third and finally, UNRWA delivers essential services and life-saving humanitarian assistance to Palestinian refugees in the OPTs and in the region. It is indispensable. That is why in the last financial year, the UK provided $55 million in funding to support its important work.

    Yet UNRWA is still facing a shortfall of more than $450 million from a budget of $880 million, as it confronts the biggest humanitarian crisis seen in the organisation’s history. 

    Our working group will consider what further support can be provided by all of us to UNRWA, including through securing sustainable financial contributions.

    Further details on the aims of our Working Group Five are set out in the Concept Note, which has been circulated. We encourage written submissions on the guiding questions from delegations and the UN system by Friday, 30 May.

    Co-chairs, in closing, the UK has long been clear that lasting peace and security for Palestinians and Israelis alike can only be achieved through a two-state solution.

    We look forward to working with our Egyptian colleagues, the entire UN membership, and colleagues across the UN system to help deliver a conference which moves us towards this goal.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: We should use the conference to form measures to safeguard the Two-State Solution and uphold international law: UK statement at the UN

    Source: United Kingdom – Executive Government & Departments

    Speech

    We should use the conference to form measures to safeguard the Two-State Solution and uphold international law: UK statement at the UN

    Statement by Stephen Hickey, Director for Middle East and North Africa in the FCDO, at the Preparatory meeting of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution.

    In addition to co-chairing Working Group Five on Humanitarian Action and Reconstruction in Gaza with our Egyptian colleagues, the UK is also looking forward to engaging across all the working groups.

    I would like to set out three priority areas where the UK thinks this Conference can have real impact in moving us closer to achieving a Two-State Solution.

    First, the Palestinian Authority. To achieve a sovereign and unified Palestinian State living in peace and security with Israel, we need to provide support to the Palestinian Authority so that it can effectively govern the entirety of the Occupied Palestinian Territories. This includes financial and technical assistance, as it delivers vital reforms.

    We should also explore how to strengthen support for Palestinian Authority fiscal and trade reforms, especially under the PA-EU reform framework, with the aim of restoring the Palestinian Authority’s economic viability.

    Second, security. Through Working Group Two, we have an important opportunity to consider how we can ensure long-term security for Israelis and Palestinians alike. 

    We should use this to build international consensus on the transitional security and governance arrangements for the future of Gaza, without Hamas, that can lay the ground for sustainable peace in the region.

    Third, we should use the conference to consider concrete measures for safeguarding the Two-State Solution and upholding international law. This should include concrete measures to oppose illegal settlement activities and any attempts at annexation.

    For its part, the UK has announced a series of sanctions targeting those responsible for supporting, inciting and promoting violence against Palestinian communities in the West Bank. 

    In addition to these three important themes, we must continue to press for an immediate and rapid increase in humanitarian aid delivery and distribution in Gaza. And we must also support the efforts led by the United States, Qatar and Egypt to secure an immediate ceasefire, the release of all remaining hostages, and achieve a long-term political solution. 

    This is the best and only way to ensure lasting prosperity and stability in the region.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: SBA Opens Disaster Loan Outreach Center in Duncan

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced today the opening of a Disaster Loan Outreach Center (DLOC) in Stephens County to assist small businesses, private nonprofit (PNP) organizations, and residents affected by severe storms and flooding beginning April 19.

    “Beginning Tuesday, May 27, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Duncan to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

    The center’s hours of operation are as follows:

    STEPHENS COUNTY

    Disaster Loan Outreach Center

    Stephens County Fairgrounds

    Prairie Room

    2002 S. 13th St.

    Duncan, OK  73533

    Opens at 12 p.m., Tuesday, May 27

    Tuesday, 12 p.m. – 6 p.m.

    Wednesday, 9 a.m. – 6 p.m.

    Thursday, 9 a.m. – 6 p.m.

    Friday, 9 a.m. – 6 p.m.

    Closes permanently at COB Friday, May 30

    “When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the U.S. Small Business Administration. “At these centers, our SBA specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery.”

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations impacted by financial losses directly related to these disasters. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    Interest rates are as low as 4% for small businesses, 3.62% for nonprofits, and 2.75% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is July 11, 2025. The deadline to return economic injury applications is Feb. 12, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Animal welfare rules in British zoos set for major overhaul

    Source: United Kingdom – Executive Government & Departments

    Press release

    Animal welfare rules in British zoos set for major overhaul

    New Zoo Standards will enhance welfare and protections for animals in Great Britain’s zoos and aquariums.

    Major update in rules for keeping animals in zoos as government introduces new standards which will ensure the UK’s famous zoos remain global leaders in the zoo industry.

    Larger habitat enclosures for elephants, better training for staff to handle exotic animals, and improved public safety measures will be required as part of the new Standards of Modern Zoo Practice for Great Britain, published today (Saturday 24th May)  

    For the first time in over a decade, the rules protecting Great Britain’s most loved zoo animals such as the majestic snowy owl and golden eagle, iconic elephants, and wonders of the sea like sting rays and octopus will be modernised to reflect the very latest in zoo best practice:

    • Larger habitats will be introduced for elephants to better replicate the large territories elephants naturally inhabit.
    • The practice of tethering birds of prey as a method of long term accommodation will be phased out, with a shift to large aviary enclosures.
    • Aquariums will no longer be allowed to let visitors touch fish and cephalopods – creatures such as ray and octopus are highly intelligent animals and handling causes them stress.   

    Animal Welfare Minister, Baroness Hayman said:  

    We are a nation of animal lovers, and our best zoos and aquariums are truly world leaders in setting the standard for how wild animals should be kept. 

    Today’s long-overdue reforms lay the foundation for an even stronger, even more compassionate future for all zoos and aquariums —and the animals they protect.  This is the first step as part of our commitment to deliver the most ambitious animal welfare reforms in a generation.

    We’re making sure all sectors have the tools they need thrive, which is vital in our mission to deliver economic growth and make lives better for people across the country under our Plan for Change.

    Cam Whitnall, Managing Director of The Big Cat Sanctuary and star of CBBC’s One Zoo Three, said:  

    For too long, zoos have been misunderstood as places of entertainment, but these new standards make it unmistakably clear: modern, good zoos put wildlife first. They are hubs for conservation, education, and world-leading animal care. I’m proud to be part of the UK’s zoo, sanctuary and aquarium community, setting the global benchmark for the welfare of endangered species.

    This is a huge step forward and also a call to action for other countries to now raise their standards, so animals everywhere benefit from the same level of care, and we can align globally for wildlife.

    Dr Jo Judge, CEO of the British and Irish Association of Zoos and Aquariums (BIAZA) which represents over 130 zoos and aquariums said:

    The new standards are a significant step up in legal requirements and cement Britain’s position as a global leader for zoos and aquariums. BIAZA members already lead the way in animal care and conservation and we have been working closely with Defra officials to realise these updated standards.

    We are delighted to see them published today, demonstrating government’s and the sector’s commitment to the highest levels of animal care, and helping empower zoos and aquariums to keep leading the fight for nature.

    Jamie Christon, CEO at Chester Zoo, said:

    We were delighted to welcome the Zoos Minister, Baroness Hayman, to Chester Zoo for the official launch of the updated Secretary of State’s standards of modern zoo practice. These new standards set a clear vision for the future of zoos in the UK and we’re pleased to have worked closely with Defra to help shape them and ensure that they represent world class animal care.

    Kathryn England, Chief Operating Officer for ZSL, the international conservation charity behind London and Whipsnade Zoos said:

    These standards will help bring the whole sector up to a level the public rightly expects – and that animals everywhere deserve.

    London and Whipsnade Zoos are conservation powerhouses, delivering world-leading animal care and driving global efforts to protect wildlife. We welcome these new Standards of Modern Zoo Practice and the clarity they bring – every animal in every UK zoo deserves the same high standard of care, and every zoo should be contributing meaningfully to conservation.

    Other measures in the Standards include:  

    • Improved conservation – Clear steps to help enforce conservation standards with new requirements for record keeping – helping drive up standards across the whole sector. This could include breeding programs for endangered species, research into animal behaviour and reproduction, and education to raise awareness about conservation issues. There will also be a curb on the sourcing of animals from the wild.  

    • Protecting the public – All zoos will need to ensure appropriate safety measures are in place if they want to keep dangerous animals, including double-gated entry systems, lone worker procedures, and the appropriate availability of firearms.

    • Updated business plans – To ensure zoos are prepared to protect animals in the event of financial hardship, they will now be required to develop clear business continuity plans  

    There is a 2 year timeline on zoos and aquariums to adapt to the changes, with further phased timelines for some species-specific changes. This gives enough time to implement the changes efficiently, while support and guidance will be available -keeping welfare at the heart of zoo operations.  

    These changes, part of the wider Plan for Change, will modernise the way animals are cared for in zoos and aquariums and reaffirm the UK’s position as a global leader in ethical and responsible wildlife management. The new published standards are available from today on gov.uk.

    Updates to this page

    Published 24 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Senators Marshall, Hickenlooper Introduce Bipartisan Legislation to Expand Access to Capital for Small Businesses

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington – U.S. Senators Roger Marshall, M.D. (R-Kansas) and John Hickenlooper (D-Colorado) introduced the Investing in All of America Act of 2025, bipartisan legislation designed to expand access to capital for small businesses in rural and low-income communities, as well as those in the manufacturing and critical technology sectors.
    The bill focuses on enhancing the role of Small Business Investment Companies (SBICs), privately managed firms licensed by the Small Business Administration (SBA), that raise private capital and leverage it with SBA-backed funds to invest in American small businesses. Currently, SBICs are subject to a leverage cap, which limits the amount of SBA-backed capital they can access based on how much private capital the firm has.
    The Investing in All of America Act would exempt investments in rural or low-income areas, as well as those in the manufacturing and critical technology sectors, from the leverage cap. In turn, this move would enable more capital to flow to areas with limited access and support the growth of manufacturing and critical technology industries vital to U.S. competitiveness.
    “Access to capital is essential for small businesses to grow and thrive, but far too often, rural and low-income communities across Kansas are left behind,” said Senator Marshall. “By excluding investments in these communities from the leverage that SBICs can access, we’re encouraging targeted investment where it’s needed most, all without costing taxpayers a dime.”
    “Small businesses are the engine of our economy,” said Senator Hickenlooper. “But they often struggle to get the capital they need to create jobs. Our bipartisan bill will help small businesses in rural and low-income communities flourish.”
    The legislation is supported by the Small Business Investor Alliance (SBIA).
    “This legislation is a practical step toward revitalizing American manufacturing and ensuring small businesses have the capital they need to grow,” said SBIA President Brett Palmer. “By unlocking and incentivizing additional private investment in manufacturing, rural and low-income areas, and sectors critical to national security, this bill strengthens America’s economic competitiveness.  This is a no-cost, high-impact policy that supports job creation, economic resilience, and our national security.”
    The full text of the legislation can be found HERE.
    Background:

    SBIC-backed businesses have helped create over 3 million new jobs over the last two decades.
    In 2024, SBICs provided more than $8 billion in investment to small businesses nationwide.
    However, less than 20% of SBIC investments are aimed towards low to middle-income communities.  

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Available to Oklahoma Small Businesses, Private Nonprofits and Residents Affected by Spring Wildfires

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – In response to a Presidential disaster declaration issued May 21, the U.S. Small Business Administration (SBA)announced the availability of low interest federal disaster loans to Oklahoma small businesses, private nonprofit (PNP) organizations and residents affected by wildfires occurring March 14-21.

    The disaster declaration covers the Oklahoma counties of Cleveland, Creek, Lincoln, Logan, Oklahoma, Pawnee and Payne.

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and PNPs impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

    Interest rates can be as low as 4% for small businesses, 3.62% for PNPs and 2.75% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    Beginning Tuesday, May 27, SBA customer service representatives will be on hand at the Disaster Loan Outreach Centers to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

    The center’s hours of operation are as follows:

    CREEK COUNTY

    LINCOLN COUNTY

    Disaster Loan Outreach Center
    First Baptist Church of Mannford
    105 Greenwood Ave.
    Mannford, OK  74044

    Mondays – Fridays
    9 a.m. – 6 p.m.

    Opens at 9 a.m. Tuesday, May 27

    Disaster Loan Outreach Center
    Carney High School
    203 Carney St.
    Carney, OK  74832

    Mondays – Fridays
    9 a.m. – 6 p.m.
    Opens at 9 a.m. Tuesday, May 27

    The following DLOC locations are open and continue to serve survivors:

    LOGAN COUNTY

    PAYNE COUNTY

    Disaster Loan Outreach Center
    Logan County Courthouse Annex
    (Across the street north of Courthouse in
    the old Girl Scout Room)
    312 E. Harrison Ave.
    Guthrie, OK  73044

    Mondays – Fridays, 9 a.m. – 6 p.m.

    Closed Monday, May 26 for Memorial Day

    Disaster Loan Outreach Center
    City of Stillwater Community Center, Room 102
    315 W. Eighth Ave.
    Stillwater, OK  74074

    Mondays – Fridays, 9 a.m. – 6 p.m.

    Closed Monday, May 26 for Memorial Day

    Closes permanently at COB Wednesday, June 11

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI Security: Man Charged in Connection With CARES Act Loan Fraud

    Source: Office of United States Attorneys

    DENVER – The United States Attorney’s Office for the District of Colorado announces that Joseph Ronald Trenkle, 54, formerly of Cherry Hills Village, Colorado and currently of Dorado, Puerto Rico, has been charged in a criminal information with one count each of wire fraud and money laundering.

    According to the information, between April 30, 2020, and February 25, 2022, Trenkle applied for and received $1,850,000 in COVID-19 Economic Injury Disaster Loans (EIDL) from the Small Business Administration (SBA) and $2,999,995 in Paycheck Protection Program (PPP) funds from an SBA-approved lender.  The information alleges that after first obtaining an EIDL loan in March 2020, Trenkle made two requests to increase the amount of his EIDL and made false representations as part of each of request.  The information further alleges that Trenkle submitted two fraudulent PPP loan applications, and also submitted fraudulent applications for PPP loan forgiveness for each PPP loan.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and certain other expenses consistent with PPP rules.  Additionally, the CARES Act authorized the SBA to provide EIDLs to eligible small businesses experiencing substantial financial disruptions due to the COVID-19 pandemic.

    The defendant made his initial appearance on May 22, 2025, in Denver in front of Magistrate Judge Cyrus Y. Chung.

    The charges contained in the information are allegations and the defendant is presumed innocent unless and until proven guilty.

    This case is being investigated by the Federal Bureau of Investigation, Federal Deposit Insurance Corporation Office of Inspector General, Internal Revenue Service Criminal Investigation, and Small Business Administration Office of Inspector General.  The case is being prosecuted by Assistant United States Attorney Craig Fansler.

    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

    Case Number:                    25-cr-00150-RMR             

    MIL Security OSI –

  • MIL-OSI China: Xi says China ready to work with Germany to open new chapter in all-round strategic partnership

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

    Xi says China ready to work with Germany to open new chapter in all-round strategic partnership

    BEIJING, May 23 — Chinese President Xi Jinping said Friday that China is ready to work with Germany to open a new chapter in their all-round strategic partnership, to steer China-EU relations toward new progress and to make new contributions to the stable growth of the world economy.

    Speaking to German Chancellor Friedrich Merz over phone, Xi once again congratulated him on assuming office. He pointed out that as the world undergoes accelerated changes unseen in a century and the international landscape is marked by transformation and turbulence, the strategic and global significance of China-Germany and China-EU relations has become even more prominent.

    A sound and stable China-Germany relationship serves both countries’ interests, and meets the expectations of various sectors in China and Europe, the Chinese president added.

    China and Germany have developed their bilateral relations based on mutual respect, seeking common ground while shelving differences, and win-win cooperation, Xi stressed, calling on both sides to maintain and carry forward this fine tradition.

    First, Xi called for consolidating political mutual trust. He said China views Germany as a partner, welcomes Germany’s development and prosperity, and is willing to maintain close high-level exchanges with Germany, respect each other’s core interests and consolidate the political foundation of bilateral relations.

    Second, Xi urged the two sides to enhance the resilience of their ties. He said both sides should not only continue to expand the existing cooperation in traditional fields such as automobiles, mechanical manufacturing and chemical industry, but seek more collaboration in cutting-edge fields such as artificial intelligence and quantum technology, and strengthen exchanges and cooperation in areas including climate change and green development, contributing the wisdom and solutions of China and Germany to global sustainable development.

    Third, Xi noted that bilateral cooperation should continue to gather momentum. He said that China is willing to share with Germany development opportunities brought by its high-level opening-up, adding that China hopes Germany will offer more policy support and facilitation for two-way investment, and provide a fair, transparent and non-discriminatory business environment for Chinese enterprises.

    Xi pointed out that facts have fully proven that partnership is the proper positioning of China-Germany and China-EU relations, and a stable and predictable policy environment is essential to ensuring bilateral cooperation.

    As major countries, he added, both sides share a common responsibility. Noting that this year marks the 50th anniversary of diplomatic relations between China and the EU, Xi said that the two sides should jointly review the successful experience in the development of China-EU relations and send a positive signal in support of multilateralism and free trade, as well as deepening openness and mutually beneficial cooperation.

    For his part, Merz said that China is one of the world’s most important countries, and Germany-China relations have seen sound development, with deepened cooperation yielding fruitful results.

    Bilateral cooperation is particularly significant in the current international landscape as both China and Germany are the world’s major economies, the German chancellor added.

    The new German government adheres to the one-China policy, and is willing to push for greater progress in their strategic partnership in a constructive and practical manner, he said.

    Germany expects to conduct closer exchanges and cooperation with China in various areas, uphold opening-up and mutual benefit, boost fair trade, safeguard world peace and jointly tackle climate change and other global challenges, Merz said.

    A healthy and steady development of EU-China relations is in the interest of both sides, and Germany is willing to play an active part in this regard, he said.

    The two leaders also exchanged views on the Ukraine crisis.

    MIL OSI China News –

  • MIL-OSI China: China to boost high-quality development in national development zones

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

    BEIJING, May 23 — China’s Ministry of Commerce has released a work plan to deepen reform and innovation in the country’s state-level economic and technological development zones for high-quality development through high-standard opening-up.

    Noting that building these development zones is an important measure for China to advance reform and opening up, the work plan stresses that these development zones should be pioneers in reform and opening up and further improve the institutions and mechanisms of high-standard opening up.

    To enhance the quality of foreign investment use, foreign-funded projects in sectors such as integrated circuits, biomedicine, and advanced equipment manufacturing within the zones should be prioritized for inclusion in the list of major foreign investment projects, according to the plan.

    It also encourages the development zones to deepen engagement with leading global investors and financial institutions by leveraging trade promotion platforms, and supports the zones in organizing delegations to go overseas to attract foreign capital.

    The plan also underscores the need for more diversified and innovative foreign trade strategies. It supports the establishment of bulk commodity trading centers, global distribution hubs, and international logistics centers in qualified development zones.

    The plan also emphasizes the role of these zones as open platforms and encourages them to promote international collaboration under the frameworks of multilateral and bilateral initiatives and agreements, particularly in areas such as green development, the digital economy, and the marine economy.

    MIL OSI China News –

  • MIL-OSI Russia: Dmitry Patrushev: Effective management of natural resources is important for any state and for every person

    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 plenary session of the XI Nevsky International Ecological Congress

    May 23, 2025

    Dmitry Patrushev spoke at the plenary session of the XI Nevsky International Ecological Congress

    May 23, 2025

    Dmitry Patrushev spoke at the plenary session of the XI Nevsky International Ecological Congress

    May 23, 2025

    Chairperson of the Federation Council Valentina Matviyenko and Dmitry Patrushev at the plenary session of the XI Nevsky International Ecological Congress

    May 23, 2025

    Previous news Next news

    Dmitry Patrushev spoke at the plenary session of the XI Nevsky International Ecological Congress

    Deputy Prime Minister of Russia Dmitry Patrushev spoke at the plenary session of the XI Nevsky International Ecological Congress. The event was attended by Chairperson of the Federation Council Valentina Matviyenko, Minister of Natural Resources Alexander Kozlov, Governor of St. Petersburg Alexander Beglov and representatives of parliaments and governments of foreign countries.

    “The wide range of participants from over 70 countries and 17 international organizations, as well as the active involvement of young people in the work of the congress, confirm that ecology has no borders and does not depend on age or political views. Dynamic economic development increases human responsibility to nature. In this regard, effective management of natural resources is important for any state and for every person. In Russia, the environmental well-being of citizens is one of the strategic priorities. It has been singled out by the President of Russia as a separate national goal. The activities of all branches of government, business and citizens are united within the framework of the national project “Environmental Well-being”. About 800 billion rubles will be allocated for the implementation of its activities by 2030,” said Dmitry Patrushev.

    The Deputy Prime Minister emphasized that the Russian Government is consistently expanding the set of tools that allow for effective control over the implementation of all environmental projects, and is updating development strategies for several sectors at once: forestry and water management complexes, the system of specially protected natural areas, and hunting.

    “Russia actively advocates for the consolidation of the global community’s efforts in the environmental field. We support initiatives through the United Nations, and work within the framework of more than 20 conventions and agreements. In addition, 70 of our river basins are transboundary. Therefore, we attach great importance to cooperation with foreign partners. In particular, we believe it is important to focus efforts on expanding horizontal ties between governments, experts, and scientific communities. This will allow us to exchange best practices, research results, and technologies globally and comprehensively in the water-climate-food and energy security relationship,” added Dmitry Patrushev.

    The Deputy Prime Minister listed the main vectors of work in priority environmental areas in Russia. In particular, infrastructure for cleaning polluted wastewater from water bodies is being systematically created. In the previous six years, about 130 treatment facilities were built on the Volga River and Lake Baikal. In the national project “Environmental Well-Being”, the geography of events will be expanded to cover the largest waterways of the country.

    In order to reduce harmful emissions into the atmosphere and the negative impact on the environment in Russia, systematic work is being carried out to monitor the operation of wastewater treatment facilities at enterprises and their modernization, and the principles of environmental responsibility of business are being introduced.

    Forest restoration is more intense than forest loss. Over the past six years, the area of new plantings has reached almost 8 million hectares.

    Speaking about the formation of a closed-loop economy, Dmitry Patrushev noted that almost 300 waste management facilities have appeared in six years. The new national project aims to build at least 400 more. By 2030, it is planned to eliminate at least 50 accumulated harm facilities.

    The Deputy Prime Minister noted that the challenge for all countries is the preservation of biodiversity. International cooperation plays a key role here. As a result of extensive joint work in Russia, the number of Far Eastern leopards has increased almost threefold, and the number of Amur tigers has increased by one and a half times. The national project “Environmental Well-Being” focuses on the preservation of 17 rare and endangered species of wildlife. The reserve system plays a major role in preserving biodiversity. And here Russia is also ready to adopt the best international experience.

    “Considering the size of Russia, we are aware of our responsibility for preserving natural resources. Therefore, we will continue our development with maximum care for the environment,” Dmitry Patrushev concluded.

    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 –

  • MIL-OSI Russia: Marat Khusnullin: 24 schools will be built and renovated in Russia thanks to budget loans

    Translation. Region: Russian Federal

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

    This week, the last bell rings for Russian graduates. For quality education, it is also important to build modern schools with the necessary conditions for learning. The country continues this work using budget loans. A total of 24 such facilities will be built and renovated, some of which have already been put into operation. This was announced by Deputy Prime Minister Marat Khusnullin.

    “The last bell is one of the most important events in the life of every student. A quality educational environment begins with comfortable modern classrooms, safe recreation areas and accessible infrastructure for all children, including those with special needs. Such conditions directly affect the motivation of students, the effectiveness of teachers and, ultimately, the level of knowledge of the new generation. The program of infrastructure budget and special treasury loans contributes to more effective development of the social infrastructure needed by residents of Russian regions. A total of 24 facilities are planned to be commissioned using IBC and SKK funds. At the same time, work in 13 schools has already been completed,” Marat Khusnullin noted.

    The Deputy Prime Minister explained that 8 schools in the Vladimir, Moscow, Vologda, Sverdlovsk and Tyumen regions have been built with IBC funds. Work is underway on 5 schools in the Bryansk, Ryazan and Irkutsk regions, as well as in the Komi Republic and the Republic of Bashkortostan. According to the SKK, major repairs have been completed in 5 schools in Primorsky Krai, and work is ongoing in 6 institutions in Primorsky and Zabaikalsky Krai.

    First Deputy Minister of Construction, Housing and Utilities Aleksandr Lomakin noted that one of the largest projects under construction is a comprehensive school for 2.2 thousand students in the Kuznetsovsky Zaton microdistrict of the Kirovsky District of the city of Ufa in the Republic of Bashkortostan. “The classrooms will include everything necessary for high-quality education – a work area for students and a teacher, as well as additional space for placing educational visual aids. The building will house a canteen with two dining halls for 400 and 700 seats, a gym, a library, rooms for optional classes, and playrooms will also be created for extended-day groups in the elementary school. The overall construction readiness of the school is about 80%,” said Aleksandr Lomakin.

    Ilshat Shagiakhmetov, CEO of the Territorial Development Fund, operator of the IBC and SKK programs, noted the positive effect that budget loans have. “A modern school is a place where every child, regardless of their characteristics, can feel comfortable and reveal their abilities. After all, their future and the future of the entire country depend on the conditions in which our children grow and study. Thanks to financial mechanisms, regions are more effectively developing the general education system, and also creating new jobs,” said Ilshat Shagiakhmetov.

    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 –

  • MIL-OSI Russia: Marat Khusnullin: Thanks to 600 open bank branches, the reunited regions are dynamically integrating into the single economic space of Russia

    Translation. Region: Russian Federal

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

    The financial system of Donbass and Novorossiya is being actively integrated into the Russian economy, creating a basis for their sustainable development and improving the quality of life of the population. The presence of banks in the regions ensures the realization of economic potential, said Deputy Prime Minister Marat Khusnullin.

    “The financial sector is one of the key areas of integration of the reunited regions into a single all-Russian space. Financial and credit organizations have opened 600 offices and installed more than 4 thousand ATMs. This ensures access to a wide range of banking services and operational procedures: there is an opportunity to place capital, open deposit accounts, apply for credit products, including preferential mortgages at 2% for the purchase of housing and preferential loans for participants in the free economic zone under the Territorial Development Fund program. This has become a factor in strengthening the investment potential and sustainable development of the economy of Donbass and Novorossiya,” said Marat Khusnullin.

    In all four regions, there are branches of PAO Promsvyazbank, PAO Sberbank, as well as CMRBank, OOO KB RostFinance, VTB Bank and AO KB IS Bank. The organizations’ offices provide a full range of services.

    “The financial sector is demonstrating unprecedented dynamics, becoming the main driver of economic growth. The volume of the loan portfolio in the regions has increased sevenfold compared to the previous year. Particular attention is paid to housing programs. In the historical regions, there is a preferential mortgage at 2%. In order to support investment projects in housing construction, a decision was made to insure war risks in the reunited territories. These measures have a double effect: citizens improve their living conditions, and businesses expand their development opportunities,” added Deputy Minister of Construction and Housing and Public Utilities Almaz Khusainov.

    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 –

  • MIL-OSI Russia: Financial News: Microfinance Market Transforms in Anticipation of Reform

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Microfinance organizations (MFOs) issued microloans worth 497 billion rubles in the first quarter of 2025, which is 1% less than the quarter before. There are several reasons for the slowdown in the retail segment. Loan terms have become longer, and some categories have become more expensive due to moratorium on limiting the PSC, and also had an impact Q4 2024 high base effect. In the business segment, there was a seasonal decline in demand.

    The consumer lending market continues to transform under the influence of macroprudential limits and in anticipation of introduction of restrictions on the number of simultaneously active loans.

    Companies are trying to attract new, higher-quality borrowers and offer financial solutions to retain regular customers over the long term.

    Almost half of the loans in the first quarter were issued for a term of over a year. More than a quarter of consumer loans are agreements with a credit limit, which are essentially similar to bank credit cards. The average amount of a consumer loan also increased: over the year, it reached 21 thousand rubles.

    Customers remained interested in online loans on marketplaces and POS lending at retail outlets, which is explained by a more affordable interest rate and a grace period during which interest may not be charged. More than 60% of loans from new borrowers are for these financial products.

    The share of car loans has grown 6 times, to 9%, and they are often issued to the most indebted borrowers. In order to prevent the accumulation of risks, from the third quarter the Bank of Russia is introducing in this segment macroprudential limits.

    The share of overdue debt over 90 days in the total MFI portfolio continued to decline and amounted to 27.5%. The main risks are still concentrated in retail, while there was a gradual improvement in the quality of the consumer portfolio due to the influx of new borrowers, as well as the sale of overdue debt by individual MFIs at earlier dates.

    Read more in“Trends in the MFI market for the first quarter of 2025”.

    Preview photo: R.classen / 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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 23.05.2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    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. MOEX.K.MO/N90443

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    Date of the deposit auction 05/23/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 93,000,000.00
    Placement period, days 38
    Date of deposit 05/23/2025
    Refund date 06/30/2025
    Minimum placement interest rate, % per annum 20.48
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 93,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 10:30 to 10:40
    Applications in competition mode from 10:40 to 10:45
    Setting a cut-off percentage or declaring the auction invalid until 10:55
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment

    MIL OSI Russia News –

  • MIL-OSI Security: Ex-Law Enforcement and Former Military Officers Charged in Alleged Sham Raid to Extort O.C. Man at Behest of Chinese National

    Source: US FBI

    LOS ANGELES – Four ex-law enforcement and military officers are scheduled to be arraigned today on a four-count superseding indictment that alleges they acted as a sham law enforcement team that entered an Irvine man’s home and threatened him and his family with violence and deportation unless he turned over nearly $37 million and signed away his rights in a business – worth tens of millions of dollars – that he shared with a wealthy Chinese national who secretly financed the bogus raid.

    The superseding indictment filed on August 1, charges the following defendants with one count of conspiracy to commit extortion, one count of attempted extortion, one count of conspiracy against rights, and one count of deprivation of rights under color of law:

    • Steven Arthur Lankford, 68, of Canyon Country, a retired Los Angeles County Sheriff’s Department (LASD) deputy who stopped working for LASD in 2020 and owns a Santa Clarita-based process service company;
    • Glen Louis Cozart, 63, of Upland, a former LASD deputy who owns and operates a San Bernardino County-based private investigation and security services company;
    • Max Samuel Bennett Turbett, 39, of Australia, a United Kingdom citizen and former member of the British military who owns an Australia-based private investigation and asset recovery business; and
    • Matthew Phillip Hart, 41, of Australia, an Australian citizen and former member of the Australian military who owns an Australia-based risk management services business.

    The defendants are scheduled to be arraigned this afternoon in United States District Court in downtown Los Angeles.

    “It is critical that we hold public officials, including law enforcement officers, to the same standards as the rest of us,” said United States Attorney Martin Estrada. “It is unacceptable and a serious civil rights violation for a sworn police officer to take the law into his own hands and abuse the authority of the Los Angeles County Sheriff’s Department.”

    “The defendants in this case allegedly believed they could carry out vigilante justice by using official police powers to enter the home of vulnerable victims and extorting them out of millions of dollars,” said Akil Davis, the Assistant Director in Charge of the FBI’s Los Angeles Field Office. “The FBI will not tolerate civil rights violations by anyone who takes the law into their own hands for personal gain or otherwise.”

    According to the superseding indictment, the Irvine businessman – identified as “Victim 1” – had an ongoing business dispute with an unindicted co-conspirator – the wealthy Chinese national – regarding their respective ownership interests in Jiangsu Sinorgchem Technology Co. Ltd., a China-based rubber chemical manufacturer. Their dispute led to at least three lawsuits in China and one in Atlanta. In October 2013, the Chinese national alleged in a civil court filing that China had issued a “red notice” for Victim 1, which Victim 1 understood was linked to his business dispute with the unindicted co-conspirator.

    In December 2018, the unindicted co-conspirator allegedly contacted Turbett to help locate and recover assets from Victim 1. She said that the long and costly litigation had not been “the smart way” to handle her dispute with Victim 1 and asked Turbett to find a different “solution to finish the problem.” She promised Turbett that if he helped her, “we can both retire.”

    In June 2019, Turbett and the unindicted co-conspirator drafted purported settlement agreements calling for Victim 1 to transfer assets – including approximately $36,972,386 in cash as well as lucrative shares in Jiangsu Sinorgchem – to the unindicted co-conspirator.

    Turbett allegedly hired Cozart to locate Victim 1 and assemble a team to obtain Victim 1’s signature on the settlement agreements. Cozart, in turn, hired Lankford, then an LASD deputy, who searched Victim 1’s name and date of birth in the National Crime Information Center database using his Justice Data Interface Controller terminal at LASD, in violation of LASD policy that law enforcement databases only be used for law enforcement purposes and not for personal use.

    Turbett and Hart flew from Australia to Los Angeles, where they met with Cozart and Lankford to discuss plans for the sham raid. 

    On June 17, 2019, Lankford – in violation of LASD policy – drove an unmarked LASD vehicle to Victim 1’s home with Cozart, Hart and Turbett, the superseding indictment alleges. Lankford and Cozart then approached Victim 1 outside his home. Lankford allegedly identified himself as a police officer and showed his badge, while Cozart falsely identified himself as an “Immigration” officer.

    Under the guise of a legitimate law enforcement operation, the defendants allegedly entered the home, where they forced Victim 1, his wife, and their two children into one room, took their phones, and prevented them from leaving for hours. Victim 1 was slammed against a wall and choked, the superseding indictment states. Defendants allegedly also threatened to deport Victim 1 and his wife and permanently separate them from their 4-year-old son unless Victim 1 complied with their demands. 

    Fearing for his and his family’s safety, the superseding indictment alleges that Victim 1 ultimately signed the documents, thereby relinquishing his multimillion-dollar interest in Jiangsu Sinorgchem.

    Although Lankford told Victim 1 that he would be arrested and deported if he reported the incident to police, Victim 1 immediately contacted the Irvine Police Department (IPD) after defendants left his home. Lankford thereafter spoke with an IPD officer and falsely claimed that he had been at Victim 1’s home for a legitimate law enforcement purpose, that Victim 1 consented to all parties being in his home, and that no force was used.

    By November 2019, all the defendants had been paid for their efforts. The unindicted co-conspirator paid Turbett’s company approximately $419,813 for services rendered and emailed Turbett to thank him for a “very good job,” the superseding indictment alleges.

    An indictment is merely an allegation, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    If convicted, the defendants would face a statutory maximum sentence of 20 years in federal prison for each extortion-related count and up to 10 years in federal prison for each deprivation of rights-related count.  

    The FBI is investigating this matter. The Los Angeles County Sheriff’s Department and Irvine Police Department provided substantial assistance.

    Assistant United States Attorney Cassie D. Palmer of the Public Corruption and Civil Rights Section is prosecuting this case.

    MIL Security OSI –

  • MIL-OSI Security: Campaign Treasurer for Candidate for Brooklyn Borough President Pleads Guilty to Scheme to Defraud New York City’s Campaign Finance Board

    Source: US FBI

    Defendant Used Straw Donors and Submitted Forged Documents in Attempt to Steal $400,000 in Matching Funds From New York City

    Earlier today, in federal court in Brooklyn, Erlene King pleaded guilty to wire fraud in connection with her attempt to steal funds from New York City’s Campaign Finance Board (CFB).  Today’s proceeding was held before United States District Judge Carol Bagley Amon.  When sentenced, King faces up to 20 years in prison.

    Breon Peace, United States Attorney for the Eastern District of New York and James E. Dennehy, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the guilty plea.

    “Instead of playing by the rules New York City established for free and fair elections, the defendant attempted to use the city’s matching funds program to give the campaign an unfair advantage,” stated United States Attorney Peace.  “My Office and our law enforcement partners are focused on rooting out corruption in our electoral system to ensure that all candidates are operating on a level playing field.”

    Mr. Peace expressed his appreciation to the CFB for its cooperation and assistance during the investigation. 

    “Erlene King deprived New York City residents of a fair election by attempting to manipulate hundreds of thousands of dollars in donor contributions to unlawfully favor her candidate,” stated FBI Assistant Director in Charge Dennehy.  “King abused her position as a campaign treasurer and attempted to profit from exploiting a system designed to represent the voices of the city.  The FBI remains steadfast in its mission to eliminate any source of corruption polluting our city’s democratic processes.”

    CFB Overview

    The CFB oversees and administers a publicly funded campaign finance system in connection with municipal elections in New York City.  This includes a “matching funds program” that provides eligible candidates with public funds based on the number and amount of certain donor contributions. According to the CFB, the program “empowers New Yorkers in every neighborhood to make their voices heard in city elections.”  In addition, the CFB maintains that “by encouraging candidates to raise small-dollar contributions from average New Yorkers, the program increases engagement between voters and those who seek to represent them.”

    Candidates running for the Office of the Brooklyn Borough President in the 2021 election cycle were eligible to participate in the CFB’s matching funds program if they met certain criteria.  Among other things, to be eligible to receive public funds, candidates were required to meet a two-part fundraising threshold. Specifically, a candidate had to collect a minimum number of donations and raise a minimum amount of money from New York City residents before the CFB paid any matching funds.

    For candidates who ran for the Office of the Brooklyn Borough President during the 2021 election cycle, candidates received up to $8 in matching funds for each $1 of eligible contributions, up to $175 per contributor.  If a candidate received an eligible contribution of $175, then that candidate could collect up to $1,400 in matching funds.  In total, the matching funds program provided up to $1,457,777 in public matching funds to a candidate for the Office of the Brooklyn Borough President.  Because campaigns for Brooklyn Borough President during the 2021 election cycle needed to raise at least $50,000 in eligible contributions to receive any matching funds, any candidate who was eligible to receive matching funds necessarily received at least $400,000 in matching funds from the CFB.

    The Scheme

    King served as the campaign treasurer for a candidate who ran in a primary for the Office of the Brooklyn Borough President during the 2021 election cycle (Candidate #1).  King admitted that she obtained fraudulent donations for the purpose of inducing the CFB to provide matching funds to Candidate #1’s campaign. A number of those contributions, which were obtained at King’s direction, were fraudulent nominee contributions made in the names of individuals who either did not personally fund the contributions or were later reimbursed for their contributions (i.e., straw donors).  For example, King used CashApp to send money to intermediaries and instructed them to distribute the money to fund contributions from straw donors to Candidate #1.  Other fraudulent contributions were made in the names of individuals whose identities were stolen and who had not personally contributed to Candidate #1. The CFB ultimately determined that the campaign submitted fictitious records and did not pay any public matching funds to the campaign.

    The government’s case is being handled by the Office’s Public Integrity Section. Assistant United States  Attorneys Philip Pilmar and Eric Silverberg are in charge of the prosecution, with the assistance of Paralegal Specialist Rachel Friedman.

    The Defendant:

    ERLENE KING
    Age: 71
    Brooklyn, NY
    E.D.N.Y. Docket No. 24-CR-374 (CBA)

    MIL Security OSI –

  • MIL-OSI United Kingdom: Cambridgeshire and Peterborough to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cambridgeshire and Peterborough to benefit from recent trade deals

    Manufacturing in Cambridgeshire and Peterborough are set to benefit from the UK’s new trade deals with India, the US and the EU that slashes tariffs and boosts access to the world’s fastest growing economy.

    • Prime Minister to meet with the Mayor of Cambridgeshire and Peterborough Mayor Paul Bristow
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change
    • Delivers major jobs boost for local manufacturing that employs 16% of all people

    Manufacturing in Cambridgeshire and Peterborough are set to benefit from the UK’s new trade deals with India, the US and the EU that slashes tariffs and boosts access to the world’s fastest growing economy.  

    The deals negotiated by the Prime Minister delivers long-term certainty for local manufacturing that employs over 51,000 people – 16% of all jobs in the region.    

    Reducing tariffs on machinery and medical equipment will support employers with a significant presence in the region like Paragraf, Hutchinson and Bradshaw Electric Vehicles to grow and create more jobs – delivering on our Plan for Change.  

    Prime Minister Keir Starmer said:   

    The trade deals that we have closed provides certainty for 51,000 people in the region who are employed in manufacturing, delivers security for their families and puts more in people’s pockets.   

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.    

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the Cambridgeshire and Peterborough Combined Authority.

    36,116 people employed in agriculture will also benefit from our deal with the EU. It reduces checks and red tape, meaning that produce grown and farmed in East Anglia now has easy access to the UK’s biggest trading market. 

    The agreement also protects British steel exports from new EU rules and restrictive, providing further security for 1,375 people working in the steel industry across the East of England. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.    

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.    

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in Cambridgeshire and Peterborough, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our deal with India is set to benefit every corner of the UK, including manufacturing in Cambridgeshire and Peterborough, that according to the latest available data contributed £4.4 billion to the UK economy.  

    Under the Free Trade Deal that was concluded, the barriers to trading have been dropped, with India agreeing to reduce tariffs on products including advanced machinery and medical devices that are made in the Cambridgeshire and Peterborough.   

    Dr Uday Phadke, Executive Chairman of Accelerator India, and Chief Executive of the Triple Chasm Company, Cartezia Ltd and Director of the Research & Development Society, said:

    The recent UK trade deals are a significant step forward in strengthening the global position of UK science and technology. 

    At Triple Chasm Company, we see these agreements as a powerful enabler of cross-border innovation, expanding our commercialisation services across key markets in the US, Europe, and India. 

    These deals not only boost our growth in global innovation clusters but also reinforce our confidence to invest further in the UK. We commend the UK Government for its credibility and strategic vision in securing agreements that directly support ambitious, innovation-led businesses like ours.

    Cambridge is uniquely placed to benefit from the deals that we have secured, whether that’s the reduced tariffs from our India Free Trade Deal on medical devices that will unleash more opportunities in life sciences. 

    In another win for the region’s world class research and development sector, our agreement with the US opens the way to future technology partnership where our two science-rich nations will collaborate in biotech, life sciences, quantum computing, nuclear fusion, aerospace and space.  

    Just this week, the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in the Cambridgeshire and Peterborough, raising standards and putting more money in people’s pockets.    

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Gastonia Man is Indicted for Laundering Over $380,000 in Wire Fraud Scheme

    Source: US FBI

    CHARLOTTE, N.C. – A federal grand jury returned a criminal indictment this week, charging Matias Alexander Vinces Aguayo, 24, formerly of Gastonia, N.C., with conspiring with others to launder over $380,000 in illegal proceeds from a wire fraud scheme, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

    Robert M. DeWitt, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, joins U.S. Attorney King in making today’s announcement.

    According to allegations in the indictment, during the scheme, Aguayo owned and operated Keys ‘N Go, a North Carolina company located in Gastonia, which maintained online payment processing accounts with Stripe and Square. In addition, the indictment further alleges that Aguayo owned and controlled personal and business bank accounts with a financial institution, including in the name of Keys ‘N Go, and a cryptocurrency exchange account at Binance.US.

    According to allegations in the indictment, Aguayo’s co-conspirators used fraudulently obtained personally identifying information (PII) to open bank accounts online in order to receive promotional money and other fraudulently obtained funds, which was then deposited into the bank accounts. A co-conspirator of Aguayo then allegedly sent the bank account information to Aguayo, who used it to withdraw the money from the accounts via the Keys ‘N Go accounts at Stripe and Square. It is further alleged that, after receiving the Stripe and Square deposits into the Keys ‘N Go bank account at the financial institution, a co-conspirator provided Aguayo with directions to transfer the proceeds from the accounts Aguayo controlled to overseas bank accounts in Pakistan and to cryptocurrency addresses. In total, Aguayo allegedly transferred at least $240,000 to cryptocurrency addresses and via wire transfers. Aguayo earned compensation for his role in the scheme, including keeping a percentage of the money initially deposited into the accounts he controlled.  

    The money laundering conspiracy charge carries a maximum sentence of 20 years in prison and a $500,000 fine or twice the value of the property involved in the transaction.

    The charges against Aguayo are allegations and the defendant is innocent until proven guilty beyond a reasonable doubt in a court of law.

    In making today’s announcement, U.S. Attorney King thanked the FBI for their investigation of the case.

    Assistant U.S. Attorney Caryn Finley of the U.S. Attorney’s Office in Charlotte is prosecuting the case. 

    MIL Security OSI –

  • MIL-OSI United Kingdom: West Midlands to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    News story

    West Midlands to benefit from recent trade deals

    The automotive sector in the West Midlands is set to benefit from new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy.

    • Prime Minister to meet with the Mayor of the West Midlands Richard Parker to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • US and India trade deals deliver a major boost for the West Midlands’ automotive industry, that employs 50,000 people.

    The automotive sector in the West Midlands is set to benefit from new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy. 

    This means long-term stability for 50,000 people employed in the sector and security for their families.  

    It will also deliver opportunities for major job creators in the region like Jaguar Land Rover to grow – the first priority of our Plan for Change.  

    Prime Minister Keir Starmer said:  

    These trade deals that we have closed delivers stability for 50,000 workers employed in automotive manufacturing in the West Midlands.   

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.   

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the West Midlands.

    40,000 people employed in agriculture across the region will also benefit from our deal with the EU. It means less checks and red tape, meaning that produce grown in the West Midlands has easy access to the UK’s biggest trading partner. 

    British steel exports are also protected from new EU rules and restrictive tariffs, through a bespoke arrangement for the UK. With this new agreement with the EU and our recent UK-US trade deal, we are helping to protect the 5,000 people working in the steel industry across the West Midlands.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.       

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.      

    Anthony Bamford, JCB Chairman said:

    I’m very pleased that the UK Government have got both the US and India trade deals over the line. India is the world’s most populous country with over 1.4 billion people living in the world’s largest democracy. I know from JCB’s experience of making and selling machines in India that British businesses looking to trade with India will be welcomed with open arms. The opportunity is huge, and the Free Trade Agreement will open the door to much improved trade between our countries – in both directions.

    The USA is the world’s largest market for construction equipment. JCB has been manufacturing there for 50 years, so it’s vital we have a strong presence in the US market. We will carry on with our recently announced plans to double the size of our new factory in San Antonio, Texas but the USA will still remain an important export market for certain UK-made machines. Ultimately, we need the removal of that 10% baseline tariff to support the export side of our business.

    Business and Trade Secretary Jonathan Reynolds said:

    “The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the West Midlands, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Foreign Secretary David Lammy said: 

    The Economic Prosperity Deal is the first such agreement made by this US administration and a testament to the deep and enduring relationship that the UK and US share.

    We are going further and faster to deliver economic growth, working with our allies around the world to drive prosperity and give certainty to businesses and customers alike.

    The trade deals with India and the US will unlock new opportunities for the West Midlands, where 32% of the automotive workforce is based.  

    Under the Free Trade Deal that was concluded, tariffs on cars sold to India will come down from over 100% to 10% under a quota, while other tariff reduction will support the region’s advanced manufacturing sector. 

    Our deal with the US negotiated in the same week, is set to benefit every corner of the UK, including the West Midlands that exported £8.5 billion to the US in 2024, more than any other region in the UK.  

    The benefits of the deal for local businesses and workers are relevant for Oliver Christian, a graduate of Keele University and the UK’s new Trade Commissioner to North America.   

    His Majesty’s Trade Commissioner for North America and His Majesty’s Consul General to New York, Oliver Christian, said:   

    As a Keele University graduate, I’m proud to be championing the UK and the West Midlands in North America, especially at such a crucial time.    

    The US is one of the West Midlands’ biggest export destinations. Over half of those exports come from the automotive industry, with some of the UK’s most well-known car manufacturers based in the area including Jaguar Land Rover and Aston Martin.   

    The deal we have negotiated will cut tariffs on cars from 27.5% to 10% for 100,000 vehicles every year, saving millions for carmakers in the region and protecting thousands of jobs.

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in the West Midlands, raising living standards and putting more money in people’s pockets.     

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: London to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    News story

    London to benefit from recent trade deals

    London’s top job creators including Diageo are set to benefit from the UK’s trade deals with India, the US and EU that slashes tariffs and boosts international trade.

    • Prime Minister to meet with the Mayor of London Sadiq Khan to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Delivers mayor boost to job creators like Diageo that supports 100,000 jobs.

    London’s top job creators including Diageo are set to benefit from the UK’s trade deals with India, the US and EU that slashes tariffs and boosts international trade.  

    The deals negotiated by the Prime Minister deliver long-term certainty for London-based firms like Diageo that supports 100,000 jobs throughout its value chain.  

    The agreement also opens the way for London’s AI sector, that is currently worth £8.4 billion and employs 38,000 people in the city to grow – the first priority of our Plan for Change. 

    Prime Minister Keir Starmer said:  

    The trade deals that we have closed delivers stability, security and opportunities for firms across London.  

    It also will create opportunities for seamless trade with our key international partners, attracting investment into the capital, that will grow the economy and make a difference to Londoners. 

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across London.

    45,592 people employed in agriculture in the Greater London and the South East of England region will also benefit from our deal with the EU. It means less checks and red tape,  meaning that food and drink exported from the capital has easy access to the UK’s biggest trading partner. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.   

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.   

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the capital, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.  

    Rohan Malik, EMEIA and UKI Government & Public Sector Managing Partner, EY said:    

    This agreement is poised to accelerate an economic partnership that is already thriving, with the value of total trade between the UK and India having more than doubled from £16.6 billion to £40 billion over the last decade.   

    British business stands to benefit substantially from enhanced access to one of the world’s largest export markets and a skills pool that can fuel strategically important UK sectors, including professional services and emerging industries based around data and AI.   

    Our increased trade with India will unlock opportunities for every part of the UK – including Greater London.  

    It delivers a major boost to London based firms like Diageo, that supports 100,000 jobs by opening up iconic UK spirits to the world’s fastest growing economy.  

    Both deals deliver significant benefits for London’s financial services hub, with the capital home to firms like EY who provide services to more than 150 countries and territories. 

    We will also support the cutting-edge AI sector in the capital – that has 52% of all firms nationwide, contributes £8.4 billion and supports 38,000 jobs by removing red tape for firms trying to export to the US and putting rocket boosters on the sector that already contributes so much to the UK economy.  

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the EU that will deliver on our core mission to grow the economy, creating more jobs in Greater London and putting more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: East Midlands to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    East Midlands to benefit from recent trade deals

    Top job creators in the East Midland’s thriving aerospace industry are set to benefit from new trade deals with the US and India.

    • Prime Minister to meet with the Mayor of the East Midlands Claire Ward to discuss the benefits of his recent trade deals.  
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Boost for job creators including region’s aerospace industry that employs more than 23,000 people.

    Top job creators in the East Midland’s thriving aerospace industry are set to benefit from new trade deals with the US and India. 

    Reducing India’s tariffs on machinery, reducing the US tariff on cars and removing American tariffs on UK aerospace will support employers with a significant presence in the region like Rolls Royce.  

    This also means long-term stability for 23,000 employed in the sector and security for their families, which is a cornerstone of our Plan for Change. 

    Prime Minister Keir Starmer said: 

    The trade deals that we have closed delivers stability for the aerospace sector in the East Midlands that employs 23,000 people.

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.    

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across the East Midlands.

    More than 30,000 people employed in agriculture across the East Midlands are set to benefit from our deal with the EU. It means less checks and red tape, meaning farmers and producers who grow food across the region now have easy access to the EU – the UK’s biggest trading partner.  

    The agreement also protects British steel exports from EU rules and restrictive tariffs, further supporting 2,010 people working in the steel industry across the East Midlands. 

    Last year, 740 businesses in the East Midlands exported £308 million in good to India. The Free Trade Deal agreed on 6 May opens up new opportunities for fashion brands in the East Midlands to grow their business in India with zero duties on imports.   

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.      

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.     

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in the East Midlands, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Under the Free Trade Deal that was concluded, the barriers to trading have been dropped, with India agreeing to reduce tariffs on products including advanced machinery and aerospace and medical devices that are made in the East Midlands.  

    Based on 2022 trade alone, this amounts to India cutting tariffs worth over £400 million when the deal comes into force, which will more than double to around £900 million after 10 years.    

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the EU that will deliver on our core mission to grow the economy, creating more jobs in Hull and East Yorkshire and putting more money in people’s pockets.  

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Merseyside to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Merseyside to benefit from recent trade deals

    The three trade deals that we have struck in three weeks will boost Liverpool’s automotive sector that employs 5,000 people, with tariffs on car exports slashed alongside a range of other measures.

    • Prime Minister to meet with the Mayor of the Liverpool City Region Steve Rotheram to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Boost for job creators including the region’s automobile industry that employs 5,000 people.

    The three trade deals that we have struck in three weeks will boost Liverpool’s automotive sector that employs 5,000 people, with tariffs on car exports slashed alongside a range of other measures. 

    Reducing India’s tariffs on machinery, slashing tariffs on car exports in both deals and our agreement with the US to remove the 25% tariff on steel provides stability for the biggest employers in the region like Ford and Jaguar Land Rover. 

    This means greater job security for workers, stronger economic growth to supporting more jobs and higher living standards across Merseyside – priorities that we are delivering through our Plan for Change.

    The Prime Minister Keir Starmer said:

    The trade deals that we have closed delivers stability for the automobile industry in Liverpool that employs 5,000 people. 

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.   

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Merseyside.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.     

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.    

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need.

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For Merseyside businesses, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our increased trade with India will unlock opportunities for every region in the UK to access the world’s fastest growing economy, including Merseyside. The area is renowned for its music industry, which will benefit from copyright protections enshrined in the deal and a commitment that works will continue to be protected for at least 60 years. 

    Under the Free Trade Deal that was concluded, tariffs on cars sold to India will come down from over 100% to 10% under a quota.

    In another win for the region, tariff reduction agreed with India on advanced manufacturing will benefit Liverpool’s port that is close to more than 50% of UK manufacturers and has the capability to service 95% of the world’s largest container ships. 

    UK Music Chief Executive Tom Kiehl said:

    The Government’s recent trade deals are welcome progress towards boosting further growth of the UK music industry which already contributes £7.6 billion annually to the economy. 

    Commitments made in the UK-EU agreement to support cultural exchange for touring artists are an important first step.

    In the same week, we negotiated a first of its kind agreement with the US that will reduce tariffs on car exports to 10% for the first 100,000 vehicles per year, almost the total number of UK vehicles exported to the country last year.  

    Just this week, the Prime Minister acted in the national interest by confirming a new agreement with the European Union that will deliver on his core mission to grow the economy, creating more jobs in Merseyside, raising living standards and putting more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Heads of G7 Export Credit Agencies – Meeting Communiqué – 2025

    Source: United Kingdom – Government Statements

    News story

    Heads of G7 Export Credit Agencies – Meeting Communiqué – 2025

    The meeting of the heads of G7 Export Credit Agencies met in London, United Kingdom to discuss international trade.

    The leaders of official export credit agencies (ECAs) of the G7 nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States of America) met in London on 19-20 May, hosted by UK Export Finance, to discuss recent business trends and challenges.

    Serving national customers was at the heart of the meeting. Discussions took place on strengthening supply chains with a focus on critical and raw materials, enhancing domestic support programmes, and adapting to evolving economic and policy landscapes.

    The group also talked about the evolving ECA landscape, the challenges arising from increasing overlap of trade and development, the increasing need to focus on support in emerging markets and mobilise private finance.

    There was a constructive discussion on G7 ECA business under the Arrangement on Officially Supported Export Credits and the Group recognised the need to maintain the level playing field; transparency, relevancy and energy were key issues explored.

    We discussed how best to leverage digital innovation to improve efficiency and better meet customers’ needs. There was agreement that there is a need for investment in AI and digitalisation in order to keep pace with business.

    Acknowledging that we are operating in shifting political times, we agreed that our strength lies in our collaboration. By working together, sharing risks, and trying to resolve challenges together, we can enhance our resilience as ECAs and expand our global outreach, and in doing so we will help support economic growth and stability at home.

    A parallel Growing Professionals programme, now in its fourth year, explored practical innovations in export finance. The initiative brought together seven Growing Professionals from each organisation and aims to foster the next generation of international trade professionals.

    The next meeting is scheduled to be held in Spring 2026 and hosted by US EXIM in Washington.

    Agreed by the Heads of the G7 ECAs/Guardian Authorities.

    Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UKEF), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France), James C. Cruse (US EXIM), Paola Valerio (SACE, Italy).

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –