Category: Economy

  • MIL-OSI Video: Pope Francis, Mother Earth Day & other topics – Daily Press Briefing (22 April 2025)

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    Pope Francis
    Mother Earth Day
    Senior Personnel Appointment
    Occupied Palestinian Territory
    Haiti
    Colombia
    Bolivia
    Ukraine
    Good Defeats Evil

    POPE
    The Secretary-General intends to travel to Rome to attend the funeral of Pope Francis. When we have more details we will share them.

    MOTHER EARTH DAY
    Today is International Mother Earth Day. In his message, the Secretary-General said Mother Earth is running a fever with last year being the hottest ever on record.
    We know what’s causing this sickness, he said, referring to the greenhouse gas emissions humanity is pumping into the atmosphere, but we also know the cure. All countries must create new climate action plans that align with limiting global temperature rise to 1.5 degrees Celsius – it is essential to avoid the worst of climate catastrophe, he said.
    And as a reminder, tomorrow the Secretary-General, together with President Lula of Brazil, will convene a group of Heads of State and Government for a virtual closed-door meeting to discuss strengthening global efforts to tackle the climate crisis and accelerate a just energy transition. The Secretary-General is expected to deliver some remarks on climate to you at the Security Council stakeout after the meeting. We’ll share more details as we have them.
    And what better way to celebrate Mother Earth Day than with a fashion show. We are unveiling a new tour guide uniform collection this evening at 6:15 p.m. during a fashion show in the Sputnik area of the Visitor’s Lobby. This is a collaboration between the Government of Sweden, the UN Office for Partnerships, the UN Department of Global Communications, and students from the Swedish School of Textiles at the University of Borås. This partnership reflects a shared commitment to sustainable lifestyle, fashion and innovation. Designed with natural fibers, renewable materials, and low-impact production methods, the uniforms embody a fusion of creativity, inclusivity, and environmental responsibility. We look forward to seeing our tour guides in their new uniforms, they have the toughest job in the building.

    SENIOR PERSONNEL APPOINTMENT
    The Secretary-General is appointing of Ian Martin of the United Kingdom as Head of the Strategic Assessment, as part of his UN80 initiative, of the United Nations Relief and Works Agency for Palestine Refugees, that you all know as UNRWA.
    The Secretary-General is tasking Mr. Martin with conducting the Strategic Assessment in order to review UNRWA’s impact; implementation of its mandate under present political, financial, security and other constraints; and, consequences and risks for Palestine Refugees.
    As you all know, Ian Martin has had a distinguished service within the United Nations. He was involved in a number of strategic reviews, most recently as the Lead of the Independent Strategic Review of the UN Mission in Somalia and before then as a member of the
    High-Level Independent Panel on Peace Operations. We will share that announcement with you.

    OCCUPIED PALESTINIAN TERRITORY
    Meanwhile on the ground in Gaza, the situation continues to worsen. Our humanitarian colleagues report that hostilities across the Gaza Strip are continuing, with a devastating toll on civilians and critical infrastructure. Earlier today, local authorities reported attacks by Israeli forces that struck several heavy machinery vehicles across Gaza, halting solid waste and rubble removal services.
    Despite the ongoing hostilities and despite the fact that aid has not come in for more than 50 days, we and our partners are doing what we can to support people throughout the Strip. In Gaza City yesterday, the acting Humanitarian Coordinator for the Occupied Palestinian Territory, Suzanna Tkalec, led a mission to Al Shifa Hospital, where she and partners viewed work underway to install a desalination plant to serve dialysis patients at the facility.
    Our partners also report that several people suffering from severe acute malnutrition have been admitted to hospitals for treatment this week, with cases on the rise.
    Despite extremely low supplies, some 180 community kitchens in Gaza continue to operate every day. However, many of these kitchens are at imminent risk of shutting down since stocks are being depleted. Because of lack of cooking gas, families are resorting to burning plastic to cook their meals.

    Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=22%20April%202025

    https://www.youtube.com/watch?v=el5ekOhkhYk

    MIL OSI Video

  • MIL-OSI USA: Protecting Social Security: Gillibrand, Goldman, Seniors, Unions Rally To Demand No Cuts To Social Security Benefits

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand
    Today, Senator Gillibrand joined with Rep. Dan Goldman, unions, and seniors at a rally to protect Social Security from the Trump administration and to call on the administration to immediately halt its efforts to cut agency staff and the critical services Social Security provides. New York City is home to one of the largest senior populations living in poverty nationwide, and cuts to agency services or personnel will decimate the Social Security system and deny New Yorkers their hard-earned benefits. 
    “Social Security is a necessary lifeline that ensures Americans have access to benefits they rightfully deserve,” said Senator Gillibrand. “The Trump administration is trying to steamroll Social Security with its reckless efforts to undermine this vital program. Instead of tearing Social Security down, President Trump should be reaching across the aisle to strengthen it for future generations. Millions of New Yorkers will be harmed if President Trump gets his way, and I will fight to ensure Social Security benefits remain secure and accessible.”
    “Social Security is not a handout, it’s an earned benefit that New Yorkers have paid into their entire lives to retire with dignity,” said Congressman Dan Goldman. “Donald Trump and the Republican Party are hell-bent on tearing it down. They’re closing field offices, slashing staff, and forcing seniors to travel hours just to complete routine paperwork. Trump, Elon Musk, and their DOGE hatchet men are deliberately erecting roadblocks between seniors and the benefits they’ve been promised. While this president sabotages the programs our communities rely on, I’m calling on New York Republicans to stop cowering and stand up to this assault.”
    “Millions of Americans, including me, have been paying into Social Security our whole working lives. This is an earned benefit, not just something handed to us. Closing offices like the Hearing Office in White Plains will force seniors and people with disabilities to travel much longer distances to fight for their benefits. This amounts to a cut in benefits and we will do all we can to prevent it from happening,” said Congressman George Latimer.
    “Wait times are longer, social security recipients are anxious, and cuts to Social Security Administration staff and giving DOGE access to confidential personal data is wrong-headed,” said Congressman Tom Suozzi. “We must protect Social Security. Undermining Social Security weakens the fragile foundation of the American middle class.”
    “Many of our members dedicated their lives to public service with the promise that social security would be there when they reached retirement age, and now we are seeing that promise under attack by this administration,” said Henry Garrido, Executive Director of District Council 37 AFSCME, AFL-CIO. “The rising costs of housing, food and healthcare are already threatening to leave our retirees and seniors financially devastated, and these planned cuts to social security services must stop immediately.”
    The Social Security Administration (SSA) has already announced plans to cut 7,000 staff, despite the fact that SSA staffing is already at a 50-year low and there are historically long case backlogs. Seniors across the nation have been reporting hours-long wait times, SSA website crashes, and an inability to reach anyone at the Social Security office for help. The so-called “Department of Government Efficiency” is heightening fear among seniors that proposed cuts to SSA will amount to a cut in benefits. With continuous website crashes and some individuals not even being able to log in to their portal, DOGE has decided that now is the right time to terminate SSA employees who are in charge of IT for their website. DOGE is simultaneously planning to shutter Social Security Administration offices across the country, including two in New York. DOGE’s continued attempts to gut this agency at a time of heightened food and energy prices will cause anxiety and confusion amongst beneficiaries, some of whom rely completely on their Social Security benefits to make ends meet.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Sorensen Tours Kewanee’s Main Street with Mayor Gary Moore

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    Congressman Eric Sorensen (IL-17) visited Kewanee’s Main Street for a walking tour with Mayor Gary Moore. The visit was an opportunity for the Congressman to hear directly from small business leaders about their successes, challenges, and how federal resources can better support economic growth in the region.

    “Walking down Main Street in Kewanee, you feel the heart of this town in every storefront. Some of these businesses have been here for decades—passed down through generations—and they continue to be anchors for the local economy,” said Congressman Eric Sorensen. “I’m grateful to hear directly from the neighbors who make this community strong, and I’m committed to making sure the federal government is a partner in their continued success.” 

    Stops included Mirocha’s Hillside Florist, Breedlove’s Sporting Goods, Good’s Furniture, Johnson’s Hub Clothing, and Blissful Branch Boutique. The tour concluded with lunch at Cerno’s Bar & Grill. 
     

    MIL OSI USA News

  • MIL-OSI USA: On Earth Day, We Finally Have a President Who Follows Science

    US Senate News:

    Source: The White House
    Under President Donald J. Trump, America is back — leveraging environmental policies rooted in reality to promote economic growth while maintaining the standards that have afforded Americans the cleanest air and water in the world for generations.
    Unlike the previous administration, which wasted billions of taxpayer dollars on virtue signaling and ineffective grifts, the Trump Administration’s policies are rooted in the belief that Americans are the best stewards of our vast natural resources — no “Green New Scam” required.
    Here are key actions President Trump is taking on the environment:
    President Trump is promoting energy innovation for a healthier future.
    By supporting cutting-edge technologies like carbon capture and storage, nuclear energy, and next-generation geothermal, the Trump Administration is ensuring America leads in both energy production and environmental innovation — producing the cleanest energy in the world. Moreover, by ending the Biden-era pause on liquefied natural gas export approvals, the U.S. is sharing cleaner energy with allies, reducing global emissions, and creating American jobs — building on President Trump’s first-term successes, where the U.S. led the world in greenhouse gas emission reductions.
    President Trump is championing sound forest management.
    The Trump Administration’s proactive forest management policies protect America’s forests, reduce catastrophic wildfires, and promote sustainable land use. By streamlining regulations and expanding responsible logging, President Trump is safeguarding millions of acres of forestland, improving wildlife habitats, and supporting rural economies at the same time.
    President Trump is ending the forced use of paper straws.
    Not only are paper straw mandates flawed in their alleged scientific backing, they’re also bad for humans and the environment. According to a new report, paper straws contain dangerous PFAS chemicals — “forever chemicals” linked to significant long-term health conditions — that infiltrate the water supply. Moreover, studies have found producing paper straws can have a larger carbon footprint and require more water than plastic straws for “approximately zero environmental impact.”
    President Trump is cutting wasteful regulations that stifle innovation and raise costs.
    Actions like pausing restrictive emissions rules for coal plants and revising the National Environmental Policy Act implementation have accelerated responsible energy and infrastructure projects while maintaining rigorous environmental standards — saving American families thousands annually on energy bills and proving that a strong economy and a healthy environment go hand-in-hand.
    President Trump is protecting public lands.
    The Trump Administration has prioritized access to federal lands for energy development while ensuring responsible management. By opening more federal lands and waters for oil, gas, and critical mineral extraction, the U.S. is strengthening energy security and reducing reliance on foreign resources. Simultaneously, investments in conservation, such as $38 billion in clean water infrastructure during President Trump’s first term, continue to safeguard America’s natural heritage for future generations.
    President Trump is pushing back on unfair trade practices that harm the environment and undercut U.S. producers and exporters.
    For years, foreign countries have taken advantage of our generosity at the expense of American workers and the environment. Deforestation in Brazil is at a 15-year high, China’s unfair, harmful fishing practices flood the global market with illegal fish and deplete stocks, and Mexico fails to deter illegal fishing — all while enjoying massive trade deficits with the U.S. and contributing to global environmental degradation.
    President Trump is cracking down on China — the most prolific polluter in the world.
    According to Reuters, China is “responsible for the most ocean plastic pollution per year with an estimated 2.4 million tons, about 30 percent of the global total.” By imposing tough trade measures and promoting American manufacturing, the Administration is reducing reliance on China’s high-pollution industries, ensuring the U.S. leads by example with cleaner production and responsible global stewardship.
    President Trump is protecting wildlife.
    By pausing certain wind projects, President Trump is recognizing wind turbines’ detrimental environmental impact, particularly on wildlife, which often outweighs their benefits.

    MIL OSI USA News

  • MIL-OSI Europe: Answer to a written question – Delay in the absorption of CAP funds by Greece – E-000954/2025(ASW)

    Source: European Parliament

    On 27 February 2025[1] Greece submitted the Annual Performance Report[2] covering the expenditure for claim year 2023. The Commission has reviewed the data provided and has communicated its assessment to the Greek authorities on 8 April 2025.

    Overall, the absorption of second pillar funds under the Common Agricultural Policy (CAP) in all member states is just picking up the speed, after the reformed CAP was launched in 2023. For Direct Payment though, the absorption of funds for claim year 2023, paid in 2024, is of 95%.

    Funds for technical assistance are available within the CAP Strategic Plan (CSP) and may be used to finance a broad range of activities.

    Since the start of 2024, the Commission, together with the Member State experts and sector stakeholders, has been analysing the possibilities to further simplify and streamline implementation of the reformed CAP.

    The first round of simplifications was done in early 2024 and the second one is expected in the second quarter of 2025. However, it is also a responsibility of a Member State to remove bureaucratic obstacles when it comes to interaction with the final beneficiaries.

    The CAP is implemented under shared management. Member States have an obligation to protect Union funds from irregularities and fraud.

    The Commission conducts risk-based audits to check if the CAP governance systems put in place by the Member State function properly to ensure the legality and regularity of the CAP expenditure.

    If deficiencies are established, the Commission imposes net financial corrections (recovered to the EU budget)[3]. Moreover, in the case of Greece, the Minister for rural development and food placed the paying agency under probation on 12 September 2024 upon request from the Commission.

    • [1] https://www.agrotikianaptixi.gr/9i-grapti-diadikasia-epitropis-parakolouthisis-ss-kap/
    • [2] As required by Article 134 of Regulation (EU) 2021/2115 of the European Parliament and of the Council (OJ L 435, 6.12.2021, pp. 1-186).
    • [3] https://commission.europa.eu/system/files/2020-10/agri_sp_2020_2024_en.pdf — Strategic Plan 2020-2024 Directorate-General for Agriculture and Rural Development, page 30-32.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Human rights impact assessment in the context of the EU-Tunisia Memorandum of Understanding – E-002329/2024(ASW)

    Source: European Parliament

    The Commission took note of the European Ombudsman’s decision to close its own-initiative inquiry and replied to its suggestions for improvements on 18 February 2025.

    The Commission ensures that the EU-funded projects are carefully monitored. This is done through several means, including regular reports from implementing partners, on-the-spot verifications, results-oriented monitoring exercises, and thorough external mid-term and/or final evaluations.

    The Commission is developing further practical tools in close cooperation with EU Delegations to enhance internal procedures in this area and strengthen the implementation of the human rights-based approach in all its interventions.

    Some key evaluations are published. For instance, all strategic evaluations on financial instruments are published[1] and in 2022, the EU Delegation in Tunis also published the evaluation of 10 years of cooperation with Tunisia.

    A website[2] established by the Commission provides access to information on the Commission’s support to partner countries in the area of migration and forced displacement.

    The respect of human rights is considered all along a project’s life from programming to final evaluation and risks-mitigating measures are applied. Implementing partners of EU-funded programmes are bound to ensure the respect and protection of human rights.

    Contractual provisions entitle the Commission to suspend or terminate any contract if it has evidence that, or needs to verify whether, the partner has breached any of its obligations.

    The Commission can also suspend any agreement with a partner country in case it breaches its obligations related to respect for human rights, democratic principles and the rule of law.

    • [1] For instance here is the link for the evaluation of Neighbourhood, Development and International Cooperation Instrument for 2024: https://enlargement.ec.europa.eu/document/download/2ffe013e-6287-4a09-8b18-e5f426dab2b5_en?filename=european%20unions%20external%20financing%20instruments%202014-2020-MN0924364ENN%20%281%29.pdf
    • [2] https://north-africa-middle-east-gulf.ec.europa.eu/what-we-do/eu-support-partner-countries-migration-and-forced-displacement_en
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Continued EU financial support to the UN Relief and Works Agency for Palestine Refugees in the Near East – P-000354/2025(ASW)

    Source: European Parliament

    The Commission does not have any evidence related to the Israeli hostages being held in Gaza in the United Nations Relief and Work Agency for Palestine Refugees in the Near East’s (UNRWA) premises and encourages those who have information on this allegation to formally notify UNRWA.

    The Commission notes that UNRWA was forced to vacate all its installations in the northern part of the Gaza Strip and had no control over them for months.

    In accordance with international humanitarian law, it is fundamental that the principle of neutrality — including as regards UNRWA’s installations — is upheld by all parties of the conflict.

    The Commission takes neutrality issues very seriously. The Commission has been working in the last months with UNRWA to enhance the neutrality processes and controls systems of the Agency.

    The Commission has been monitoring, in parallel, the implementation of the action plan presented by UNRWA on the recommendations of the United Nations Independent Review Group report[1], as well as the recommendations stemming from the EU system audit.

    The Commission will continue to closely monitor the implementation of these actions to guarantee that the Agency works in full compliance with the principles of international humanitarian law, including neutrality.

    The EU remains committed to supporting UNRWA, providing both financial and political support, to enable UNRWA to fulfil its mandate.

    • [1] https://www.unrwa.org/resources/reports/colonna-report-and-action-plan
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Competence to issue building assessment reports in the EU – E-000274/2025(ASW)

    Source: European Parliament

    The Commission is aware of the rulings issued by the Spanish Supreme Court in 2021 and 2022. The Court sovereignly interpreted a pre-existing legal reserve in the Spanish law giving the architects and technical architects the exclusive right to issue the building assessment reports.

    The main public interest reasons used by way of explanation by the Spanish Court were related to public safety, environmental protection and building preservation.

    EU Member States have the possibility to reserve certain activities to specific professions, provided that those reservations comply with the EU legislation.

    Following a complaint, the Commission carried out an assessment of the situation described in that complaint. That assessment did not permit to identify a violation of EU rules.

    The Commission is continuously monitoring the compliance of the Member States’ legislation with EU law using different tools. The reform recommendations for regulation in professional services published by the Commission in 2017[1] and 2021[2] covered the reserved activities of architects and engineers in Spain.

    More recently, in the context of the EU semester 2023 spring package, the benefit of reducing barriers for civil engineers was stressed in the Country report[3].

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52016DC0820
    • [2] SWD(2021) 185 — Staff Working Document accompanying the communication on taking stock of and updating the reform recommendations for regulation in professional services of 2017.
    • [3] https://economy-finance.ec.europa.eu/document/download/c2a417af-a656-4526-bec1-74977469dcad_en?filename=SWD_2023_609_1_EN_autre_document_travail_service_part1_v4.pdf
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – New directives allowing corruption in Spain – E-000244/2025(ASW)

    Source: European Parliament

    Through its annual Rule of Law Report, the Commission monitors developments in all Member States, related to the anti-corruption framework.

    The Commission is engaging with all Member States, including Spain, on the follow up given to the 2024 Report’s recommendations and will report on developments in its next Rule of Law Report.

    Upholding the rule of law across the EU is a priority for the Commission, as reflected by the President’s Political Guidelines. The Commission envisages further measures to ensure that the future long-term budget has strong anti-corruption safeguards applying to all funds, and that European funding is dedicated to supporting national measures on fighting corruption and protecting the financial interests of both the EU and its Member States.

    Furthermore, legislative negotiations are ongoing on a Commission proposal for a directive on combating corruption[1], which aims to strengthen the fight against and prevention of corruption in the EU.

    • [1] COM (2023) 234, final.
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Support measures for the self-employed – E-000441/2025(ASW)

    Source: European Parliament

    The Commission is committed to making life easier for small and medium-sized enterprises (SMEs). The economic sustainability of self-employed is part of this commitment .

    The 2020 SME Strategy for a sustainable and digital Europe[1] and the 2023 SME Relief package[2] set out a comprehensive approach for this support.

    However, EU initiatives are only complementary to Member States actions. The EU alone will not be able to support all EU’s self-employed whose financial situation has weakened.

    The Commission is committed to reducing administrative burden for SMEs by 35%[3]. To improve SMEs liquidity, the Commission proposed a revision of the late payment rules[4].

    The guarantee of the SME window of InvestEU[5] further improves liquidity of small companies by inter alia making loans for SMEs cheaper.

    Additional concrete support initiatives are the network of sustainability advisers for SMEs of the Enterprise Europe Network[6] and the Erasmus for Young Entrepreneurs network[7].

    The Commission also promotes entrepreneurship through the European Entrepreneurship Competence Framework (EntreComp).

    The Council Recommendation[8] on access to social protection for workers and the self-employed[9], encourages Member States to extend access for the self-employed to social protection branches such as unemployment benefits, family-related benefits or benefits related to accidents at work and occupational diseases (see also the Council conclusions on social protection for the self-employed[10]).

    The Commission is aware of the growing housing problem affecting large parts of EU society. That is why the first-ever Commissioner for Housing, Mr Dan Jorgensen, was appointed and a European Affordable Housing Plan will be proposed in 2026.

    • [1]  COM/2020/103 final, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:52020DC0103
    • [2] Ibid. footnote 1.
    • [3] First omnibus proposal, forthcoming, February 2025.
    • [4] https://single-market-economy.ec.europa.eu/publications/proposal-regulation-combating-late-payment-commercial-transactions_en
    • [5] https://single-market-economy.ec.europa.eu/access-finance/investeu/investeu-fund-sme-window_en
    • [6] https://een.ec.europa.eu/about-enterprise-europe-network/advice-support/sustainability
    • [7] https://www.erasmus-entrepreneurs.eu/
    • [8] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=oj:JOC_2019_387_R_0001
    • [9] See also Report from the Commission to the Council on the implementation of the Council Recommendation on access to social protection for workers and the self-employed, 2023: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52023DC0043
    • [10] https://data.consilium.europa.eu/doc/document/ST-13934-2023-INIT/en/pdf
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Memoranda of Understanding on raw material value chains – transparency – E-002744/2024(ASW)

    Source: European Parliament

    1. The Commission has already published all Memoranda of Understanding (MoU) on its website[1].

    2. The Commission drafts the roadmaps of the MoUs with the partner country, in cooperation with the European delegation and the Member States’ embassies. The roadmaps are working-level documents. The Commission reports on the progress achieved on the partnerships and on the roadmaps to the Critical Raw Materials Board[2]. The Parliament is an observer to the Board.

    3. The MoU between the EU and Rwanda[3] has as one of its main objectives to support the sustainable and responsible sourcing, production and processing of raw materials , in line with the EU’s renewed Great Lakes Strategy[4]. The goal is to increase traceability and transparency and to reinforce the fight against illegal trafficking of minerals. Notably, the MoU with Rwanda supports Rwanda’s engagement with the Extractive Industry Transparency Initiative. In addition, the EU fully supports regional efforts to increase traceability and transparency and reinforce the fight against illegal trafficking of minerals, including through support to the relevant work and action of the International Conference of the Great Lakes Region of which all the countries in the region including Rwanda are members. In view of the latest developments, the Foreign Affairs Council of 24 February 2025 also discussed the need to review the MoU with Rwanda on a strategic partnership on sustainable raw material value chains. This review is now ongoing.

    • [1] https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/raw-materials-diplomacy_en
    • [2] https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/critical-raw-materials-act/board_en
    • [3] https://ec.europa.eu/docsroom/documents/58035
    • [4] Council Conclusions of 20 February 2023, https://data.consilium.europa.eu/doc/document/ST-6631-2023-INIT/en/pdf
    Last updated: 22 April 2025

    MIL OSI Europe News

  • MIL-OSI USA: Brownley Statement on the Climate Crisis and Trump’s Attack on Environmental Protections

    Source: United States House of Representatives – Julia Brownley (D-CA)

  • MIL-OSI Asia-Pac: India’s Aviation Revolution

    Source: Government of India

    Ministry of Civil Aviation

    India’s Aviation Revolution

    From Regional Runways to Global Routes

    Posted On: 22 APR 2025 6:19PM by PIB Delhi

     

    “Among the fastest-growing sectors in Bharat’s economy, aviation is one of them. We are connecting our people, culture, and prosperity through this sector. With 4 billion people, a rapidly growing middle class, and the resulting increase in demand, this is a significant driving force for the sector’s development.”

     

    Prime Minister, Shri Narendra Modi

    Summary

     

    • Parliament passed the Protection of Interest in Aircraft Objects Bill, 2025, aligning India’s aviation leasing laws with global standards to reduce leasing costs.
    • The Bharatiya Vayuyan Adhiniyam 2024 modernized India’s aviation sector, replacing the colonial-era Aircraft Act from 1934.
    • India’s domestic air passenger traffic reached a historic milestone, surpassing 5 lakh passengers in a single day in 2024.
    • Entering its 9th year, the UDAN scheme has successfully operationalized 619 routes and 88 airports, with plans to expand to 120 additional destinations.
    • UDAN Yatri Cafés launched at Kolkata and Chennai Airports, providing passengers with affordable, quality food.
    • Rapid aviation infrastructure expansion continued, with significant progress in operationalizing Greenfield airports and upgrading existing facilities nationwide.

     

     

    Under the visionary leadership of Prime Minister Shri Narendra Modi, the Ministry of Civil Aviation has ushered in an era of transformative growth and innovation in India’s aviation sector. Driven by groundbreaking legislative reforms, extensive infrastructure expansion, and an unwavering commitment to connectivity, safety, and sustainability, the Ministry has achieved landmark milestones, positioning India among the world’s leading aviation markets. This article outlines the Ministry’s strategic initiatives and key accomplishments, reflecting a robust aviation ecosystem poised to support India’s ambitions of becoming a developed nation by 2047—Viksit Bharat @2047. The following sections highlight the key pillars of this transformation—legislation, infrastructure, inclusivity, sustainability, and global integration—underscoring India’s emergence as a capable aviation powerhouse.

     

    Legislative Reforms Driving Systemic Transformation

    • Protection of Interest in Aircraft Objects Bill, 2025 – This pivotal legislation, steered through Parliament by Civil Aviation Minister Shri Ram Mohan Naidu and passed in April 2025, aligns India’s aircraft leasing and financing framework with international standards set by the Cape Town Convention, 2001. By addressing gaps in legal enforcement, the Bill is strategically designed to reduce aircraft leasing costs for Indian carriers, which were previously 8-10% higher than in other nations. This is expected to boost investor confidence in India’s burgeoning aviation market significantly. The intended impact of the Bill includes reduced risk premiums, lower interest rates, and lease costs for passengers and shippers. It also aims for better contract enforceability and repossession certainty, fostering the growth of domestic leasing hubs.
    • Bharatiya Vayuyan Adhiniyam 2024 – This landmark Act was passed by both houses of Parliament in 2024 and came into force on 1st January 2025. It represents a significant step in modernising India’s aviation sector by re-enacting and updating the colonial-era Aircraft Act, 1934. The Adhiniyam aims to foster indigenous manufacturing under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, align regulations with international conventions such as the Chicago Convention and the International Civil Aviation Organization (ICAO), and streamline regulatory processes by simplifying license issuance. It also removes redundancies and introduces provisions for appeals.

    Infrastructure Expansion: Building the Future of Indian Aviation

    • Foundation Laid for New Terminal Capacity: Significant infrastructure development is underway, including the laying of foundations for new terminals at key locations such as Varanasi, Agra, Darbhanga, and Bagdogra.
    • Operationalisation of Greenfield Airports: Since 2014, 12 Greenfield Airports have been operationalised out of 21 ‘in-principle’ approved airports. These include Durgapur, Shirdi, Kannur, Pakyong, Kalaburagi, Orvakal (Kurnool), Sindhudurg, Kushinagar, Itanagar (Hollongi), Mopa, Shivamogga, and Rajkot (Hirasar). Furthermore, development at Noida (Jewar) and Navi Mumbai International Airports is progressing rapidly, with operationalisation targeted for the first quarter of FY 2025-26. The government has set an ambitious target of developing 50 more airports in the next 5 years and connecting 120 new destinations in the next 10 years.
    • Significant Capital Expenditure in Airport Infrastructure: A substantial CAPEX of over ₹ 91,000 crore is planned for airport infrastructure development under the National Infrastructure Pipeline (NIP) during FY 2019-20 to FY 2024-25, with approximately ₹ 82,600 crores already spent by November 2024.

     

    RCS–UDAN: Democratising Air Travel and Boosting Regional Growth

    • RCS-UDAN Connecting India: The Regional Connectivity Scheme (RCS) – Ude Desh Ka Aam Nagrik (UDAN), now in its 9th year since its launch in October 2016, has operationalised 619 routes and connected 88 airports across the country. This scheme embodies the government’s commitment to affordable air travel and promoting balanced regional development.
    • Expansion of Regional Connectivity: In 2024 alone, 102 new RCS routes were launched, including 20 in the North Eastern States. The scheme has facilitated affordable air travel for 1.5 crore passengers, and it aims to extend this to 4 crore more in the next decade through a revamped UDAN initiative to add 120 new destinations. The scheme also prioritises connecting remote, hilly, and aspirational districts, including the North Eastern region, through support for helipads and smaller airports.
    • Affordable Food at Airports with UDAN Yatri Café: The UDAN Yatri Café initiative, aligned with the Hon’ble Prime Minister’s vision of democratising air travel, was launched to provide affordable and quality airport food options. Cafés have been inaugurated at Kolkata’s Netaji Subhas Chandra Bose International Airport and Chennai Airport, offering tea for ₹10 and samosas for ₹20. The Kolkata café has seen significant success, leading to the nationwide expansion of the initiative.

     

    Skyrocketing Passenger Traffic Reflects Sectoral Momentum

    • Exponential Growth in Domestic Passengers: In 2024, domestic air passenger traffic more than doubled to 22 crore 81 lakh, a remarkable increase from the 10 crore 38 lakh passengers recorded in the 65 years preceding 2014. Domestic air passenger traffic grew by 5.9% in the January-November period of 2024 compared to the same period in 2023, crossing the milestone of 5 lakh passengers in a single day for the first time on November 17, 2024.

     

    • Strong Growth in International Traffic: International routes also experienced substantial growth, with 64.5 million passengers carried between January and November 2024, marking an 11.4% increase.
    • India Emerges as a Top Global Aviation Market: The total number of air passengers annually has exceeded 350 million, firmly establishing India as the third-largest aviation market globally. Over the past decade, domestic air passenger traffic has grown 10-12% annually.

     

    Safety, Technology, and Seamless Travel

    • State-of-the-Art DFDR & CVR Laboratory Inaugurated: A significant stride towards enhancing aviation safety was the inauguration of the advanced Digital Flight Data Recorder and Cockpit Voice Recorder (DFDR & CVR) Laboratory at the Aircraft Accident Investigation Bureau (AAIB) in New Delhi. This ₹9 crore facility will significantly improve the effectiveness of identifying the root causes of incidents and ensuring accountability, thereby contributing to a safer aviation ecosystem. The Hindustan Aeronautics Limited (HAL) supported the establishment of this crucial lab.
    • Expansion of Digi Yatra for Seamless Travel: Digi Yatra services to 24 airports have significantly enhanced passenger convenience and security. This initiative provides a seamless, contactless travel experience for passengers. Over 80 lakh users have downloaded the app, and more than 4 crore journeys have been completed using the Digi Yatra facility.
    • Guidelines Launched for Seaplane Operations: The Guidelines for Seaplane Operations in India were launched on 22nd August 2024 to enhance regional connectivity further. These guidelines prioritise safety and security and aim to facilitate the commencement of seaplane operations across the country. UDAN Round 5.5 includes invitations for bids for seaplane operations from over 50 water bodies.

     

    Sustainability and Capacity Building: Preparing for Tomorrow

    • Driving Green Energy Adoption at Airports: The Ministry actively promotes sustainable aviation, with around 80 airports now operating on 100% green energy. The aspiration is to transition over 100 airports to renewable energy sources. Bengaluru Airport has achieved the highest Carbon Accreditation Level 5 by Airports Council International (ACI), while Delhi, Mumbai, and Hyderabad airports have achieved Level 4+ accreditation, becoming carbon neutral. Chennai Airport also operates entirely on green energy and houses a 1.5 MW solar power plant.
    • Addressing the Growing Demand for Pilots: Recognizing the increasing need for trained pilots, estimated at 30,000 to 34,000 in the next 10-15 years, the Ministry is actively working on expanding the number of Flight Training Organizations (FTOs) and the annual issuance of commercial pilot licenses.
    • Aviation Career Guidance for Students: To nurture future talent, Civil Aviation Minister Shri Ram Mohan Naidu launched a ‘Career Guidance Programme in Aviation’ for school students at the Indian Aviation Academy. The programme aims to inspire and educate students about diverse career opportunities within the sector. The Minister highlighted the significant demand for pilots and the government’s commitment to developing domestic talent.

     

    Additional Milestones in Aviation Growth

     

    • Maintenance, Repair & Overhaul (MRO): A uniform 5% Integrated Goods and Services Tax (IGST) rate has been introduced for aircraft parts to promote India as a competitive global MRO hub.
    • Gender Inclusion: India boasts 13–18% of women pilots, which ranks among the highest globally. The Directorate General of Civil Aviation (DGCA) targets 25% representation of women in all aviation roles by 2025.
    • International Recognition: The 2nd Asia-Pacific Ministerial Conference on Civil Aviation was successfully hosted in New Delhi, culminating in the Delhi Declaration.
    • Air Cargo Infrastructure: Cargo handling capacity reached 8 million MT in FY24, growing at 10 %+ annually with a new focus on warehousing for perishables and streamlined customs protocols.

    Charting the Path to Viksit Bharat @2047

    The Ministry of Civil Aviation remains resolutely committed to positioning India as a global aviation leader, driving transformative change through visionary policies, world-class infrastructure, and inclusive, sustainable growth. As India continues to break records in passenger traffic, expand regional connectivity, and modernise aviation frameworks, the nation is firmly set on an upward trajectory toward becoming a vibrant global aviation hub. These concerted efforts enhance travel experiences for millions and bolster economic prosperity, strengthen national integration, and empower India to confidently soar towards its vision of becoming a developed nation—Viksit Bharat @2047.

    References

    Click here to see PDF.

    *****

    Santosh Kumar / Sheetal Angral/ Vatsla Srivastava

    (Release ID: 2123537)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: TRAI Organises Workshop of Senior officers from States and Union Territories regarding “Regulation on Rating of Properties for Digital Connectivity”

    Source: Government of India

    Posted On: 22 APR 2025 7:51PM by PIB Delhi

    As per the studies, 70-80% mobile data consumption takes places inside buildings or indoor areas.  High frequency bands are used to deliver high speed internet in 4G and 5G technologies. However, high frequences bands get attenuated at higher rate by the building fabric containing steel and concrete walls compared to 2G bands.  With the exponential rise in quantum and speed of data consumption due to progressive digitization of economy, governance and the society in general, good digital connectivity has become very important in the present age. Hence, the good in-building digital connectivity has become an essential requirement. To achieve seamless communication inside buildings, the Digital Connectivity Infrastructure (DCI) must be planned and developed alongside other essential building services such as water, electricity and safety systems.

    The workshop was chaired by Shri Anil Kumar Lahoti, Chairman TRAI. The workshop received overwhelming response from States and UTs and was attended by over 125 participants, including senior officers from Housing & Urban development and IT department of States/Union Territories.  

    Chairman, TRAI in his opening remarks, emphasised that States and UTs can play a pivotal role to drive collaboration among property developers and telecom service providers for facilitating development of DCI in the projects through respective building byelaws. TRAI regulations envisage star ratings of properties for quality of digital connectivity similar to Green Building Ratings of projects or Energy Efficiency Ratings of appliances. The digital connectivity ratings will be live process and cover review of digital connectivity rating during lifecycle of the project. TRAI has already started the process of empanelment or registration of Digital Connectivity Rating Agencies (DCRAs).

    The workshop provided details of initiatives taken by TRAI for improving in-building digital connectivity in the country and overview of the “Regulation on Rating of Properties for Digital Connectivity, 2024” issued by TRAI on 25th October 2024. The presentation also covered the provisions of National Building Code (NBC) and Model Building By-Laws (MBBL) related to Digital Communication infrastructure. The session covered the rating process in detail by which properties are going to be assessed and rated. The workshop concluded with a Q&A session, allowing participants to engage directly with the experts to gain more insight about inbuilding digital connectivity.

    The rating of buildings for digital connectivity will provide uniform standard reference for creating DCI in the country. With adoption of rating framework in the bylaws, the end user of residential and commercial properties will be able to make informed choices at the time of buying or leasing the properties. Further, the quality of experience in public buildings will also improve with the help of rating framework. Under the regulation, the consumer may also seek review of ratings in case of degradation of digital connectivity in the property. Like wise property mangers can seek review of ratings if they carry out significant improvements.

    The workshop concluded with the closing remarks by Dr. M. P. Tangirala, Member, TRAI.

    ******

    Samrat

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  • MIL-OSI Asia-Pac: Ministry of Skill Development and Entrepreneurship (MSDE) and Microsoft come together to launch ‘AI Careers for Women’ by establishing 30 Centers of Excellence in Women Colleges Across Six States in the Country

    Source: Government of India

    Ministry of Skill Development and Entrepreneurship (MSDE) and Microsoft come together to launch ‘AI Careers for Women’ by establishing 30 Centers of Excellence in Women Colleges Across Six States in the Country

    CoEs in Tier-II and Tier-III towns to offer specialized undergraduate AI courses to equip young women with industry-aligned skills and foster careers in Artificial Intelligence

    ‘Empowering young women with in-demand digital skills will not only transform individual careers but also accelerate the nation’s journey towards a more equitable and innovation-driven economy’: Union Minister Jayant Chaudhary

    Posted On: 22 APR 2025 5:33PM by PIB Delhi

    The Ministry of Skill Development and Entrepreneurship (MSDE) and Microsoft have signed a Memorandum of Understanding (MoU) to launch AI Careers for Women—a pioneering skilling initiative aimed at empowering women in higher education institutions to pursue careers in Artificial Intelligence (AI). This strategic collaboration seeks to bridge the gender gap in emerging tech by equipping women with industry-aligned AI skills, enabling them to participate meaningfully in the digital economy and become active contributors to India’s innovation-led growth.

     

    As part of this collaboration, Microsoft will provide 240-hours training curriculum under AI skilling and Innovation framework for women, aligned to the industry standards, and developed in consultation with the National Council for Vocational Education and Training (NCVET). The training will be delivered in a hub and spoke model in partnership with the state government departments for higher education, across a network of 30 Centre of Excellence – Hubs and 150 educational institutions – spokes in Tier-II and Tier-III towns across six states.

    Speaking on the partnership, Shri Jayant Chaudhary, Union Minister of State (Independent Charge), Ministry of Skill Development & Entrepreneurship and Minister of State, Ministry of Education, said, “This initiative exemplifies how government and industry can come together to shape an inclusive and future-ready workforce. Our partnership with Microsoft underlines the Ministry’s commitment to expanding opportunities for women in emerging tech fields like AI. By embedding this program within credit-linked university curricula and aligning it with the National Education Policy (NEP), we’re reimagining 21st-century learning—making it flexible, interdisciplinary, and deeply rooted in industry needs. Empowering young women with in-demand digital skills will not only transform individual careers but also accelerate the nation’s journey toward a more equitable and innovation-driven economy.”

     

     

    As one of the program partners, Edunet Foundation will implement this program, working closely with the participating academic institutions, government bodies, corporate organizations and industry bodies, building an alliance to bring ecosystem change and enable industry relevant skills and economic opportunities for Women in AI, thereby enhancing their workforce participation.

    The program complements classroom learning in higher education by establishing 30 centers of excellence at women institutions that act as hub centers and further support 150 spoke centers in Tier-II and Tier-III towns, offering in-depth AI training with hands-on exposure to AI tools and real-world applications, helping 20,000 learners to gain industry-relevant skills and project-based experience. Learners will benefit through structured training from experts, AI certifications, internships, apprenticeship, fellowship, career guidance and job opportunities in AI enabled roles.

    The program will also create opportunities for women in rural India to innovate on AI and enhance their economic opportunities, equipping them to be AI developers, building AI applications and datasets, thereby building talent pipeline for rural AI innovation/enterprise. This initiative builds on Microsoft’s ongoing skilling efforts with MSDE. MSDE will collaborate with Microsoft in accreditation of the curriculum and enable rural girls with apprenticeship and job opportunities through these centers of excellence.

     

     

    Highlighting Microsoft’s commitment to inclusive skilling, Aparna Gupta, Global Delivery Center Leader Microsoft India, said, “I’m thrilled to see Microsoft’s partnership with the Ministry of Skill Development and Entrepreneurship (MSDE) take shape, empowering young women in India to build careers in AI. We believe that equitable access to AI skills is crucial for inclusive economic growth. Through this collaboration, we’re strengthening capacity building across institutions in Tier-II and Tier-III towns, ultimately enabling more women to thrive in an AI-powered economy and shape the workforce of tomorrow”.

    The initiative aims to enhance women workforce participation in digital economy and aligns with the government’s mission of creating equitable access to future-ready skills. The program is designed to expand digital career pathways for women and contribute to a more inclusive technology workforce.

     

    ****

    Beena Yadav/SH

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Minister of State for Power and New & Renewable Energy Shri Shripad Yesso Naik chairs the 4th meeting of Group of Ministers constituted for addressing issues related to viability of distribution utilities in the country

    Source: Government of India

    Union Minister of State for Power and New & Renewable Energy Shri Shripad Yesso Naik chairs the 4th meeting of Group of Ministers constituted for addressing issues related to viability of distribution utilities in the country

    Regulatory reforms, cost reflective tariff

    Financial restructuring of DISCOMs to improve efficiency and quality  of operation

    Reducing cost of Generation is essential to improving viability of Utilities

    Posted On: 22 APR 2025 7:49PM by PIB Delhi

    Union Minister of State for Power and New & Renewable Energy, Shri Shripad Yesso Naik, chaired the 4th meeting of Group of Ministers constituted for addressing issues related to viability of electricity distribution utilities in Vijayawada today.

    Shri A. K Sharma, Energy Minister, Uttar Pradesh, Shri Gottipati Ravi Kumar, Energy Minister, Andhra Pradesh, Shri Hiralal Nagar, Minster of State for Energy, Rajasthan and Smt. Meghana Sakore Bordikar, Minister of State for Energy, Maharashtra as members of the Group attended the meeting. The meeting was also attended by senior representatives from All India DISCOM Association (AIDA), senior officials from Central Government, State Governments, State Power Utilities of Member States and Power Finance Corporation (PFC) Ltd.

    Union Minister of State in his opening address welcomed Energy Ministers from the member States and thanked Energy Minister, Andhra Pradesh, for hosting the meeting. He highlighted about the deliberations held during the first three meetings of GoM regarding challenges being faced by the distribution utilities and stressed upon the need for regulatory reforms. He also mentioned about the key actionable items identified by GoM till the last held meeting including the steps that needs to be taken by the Central and the State Governments for improving efficiency of utilities.

    Hon’ble Minister highlighted about the collective responsibilities of State Governments and Regulatory Commissions for making distribution sector sustainable.

    In his address, Energy Minister, Andhra Pradesh thanked the Union Minister of State for having the 4th meeting of the Group of Ministers in Vijayawada.

    All India DISCOMs Association (AIDA), as a special invitee, also made a presentation on the subject. It was mentioned that SERCs need to comply with Tariff Policy and Rules while finalising the Tariff petitions of the Utilities. It was also mentioned that there is a need for having a comprehensive review of the tariff policy which is in sync with the present requirements and challenges of the Utilities and its consumers.

    Joint Secretary (Distribution), Ministry of Power, GoI made a presentation highlighting key areas of intervention. He presented the key parameters reflecting the present financial status of the utilities of the member States, and major regulatory disallowances in their tariff/true-up orders. It was also presented that the annual revenue increase of most of the utilities is not commensurate with the increase in debt being taken by them. The presentation also highlighted the action plan proposed to reduce the outstanding debts and losses of the distribution utilities.

    The key points of discussions included role that the State Governments may play for ensuring cost reflective tariff, in ensuring timely payment of subsidies and Government department dues, expediting works ongoing under Revamped Distribution Sector Scheme including the smart metering works, increasing the use of Artificial Intelligence and Data Analytics to improve power purchase optimisation and demand forecasting, etc. The States also requested support of GoI in reforming its distribution sector through measures like distribution franchisee/privatization/ introduction of parallel licensee, etc.

    It was emphasised by the Member States that the Group of Ministers may be continued beyond submission of the final report, and on a rotation basis States may be invited to brainstorm on the issues affecting the power sector as a whole. It was proposed to hold a dedicated session on measure for reducing Power Purchase costs by inviting all the stakeholders.

    The Group of Ministers reiterated its commitment and expressed resolve to take necessary measures for improving the financial viability of distribution utilities.

    ****

    SK

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  • MIL-OSI Asia-Pac: India hosts inaugural Capacity Building Programme for Central Asian Republics on combating terrorism financing

    Source: Government of India

    India hosts inaugural Capacity Building Programme for Central Asian Republics on combating terrorism financing

    Senior experts from five Central Asian countries of Uzbekistan, Turkmenistan, Kazakhstan, Tajikistan, and Kyrgyzstan participated in knowledge exchange

    Posted On: 22 APR 2025 7:38PM by PIB Delhi

    The Department of Revenue (DoR), in collaboration with the Ministry of External Affairs (MEA) and the National Security Council Secretariat (NSCS), successfully organised the first-ever Capacity Building Programme for Central Asian Republics (CARs) on ‘Countering the Financing of Terrorism (CFT) through Cryptocurrencies, Crowdfunding, and Non-Profit Organisations’. The two-day programme was held on 21st-22nd April, 2025.

     

    Bringing together senior experts from five Central Asian countries — Uzbekistan, Turkmenistan, Kazakhstan, Tajikistan, and Kyrgyzstan — the programme served as a platform for knowledge exchange and regional cooperation in tackling terrorism financing. Participants benefited from a series of sessions led by Indian authorities, including representatives from the Financial Action Task Force (FATF) Cell of the Department of Revenue, Ministry of Home Affairs, the National Investigation Agency (NIA), and the Financial Intelligence Unit – India (FIU-IND). Additionally, an expert from the Eurasian Group (EAG), a FATF-style regional body (FSRB), contributed valuable insights on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards, with a focus on the non-profit and virtual asset sectors.

    Customised to the specific needs of the Central Asian region, the programme aimed to build technical capacity and deepen understanding of emerging terrorism financing risks. Through interactive discussions, case studies, and the sharing of operational best practices, the initiative fostered a collaborative approach to addressing key challenges.

    Technical sessions explored a broad range of issues, including the use of financial intelligence in terrorism-related investigations, the growing threat posed by the misuse of Virtual Asset Service Providers (VASPs), and the exploitation of crowdfunding platforms. Additional discussions covered the financing of radicalization and the abuse of Non-Profit Organizations (NPOs) for terrorist purposes.

    This initiative marks a significant step forward in strengthening regional cooperation and resilience against terrorism financing, reflecting India’s commitment to global counterterrorism efforts.

    ****

    NB/KMN

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  • MIL-OSI Security: Longmeadow Man Pleads Guilty to $19 Million Loan Fraud Conspiracy

    Source: Office of United States Attorneys

    Defendant forged lease agreements and provided fraudulent rent rolls for properties in Massachusetts and Connecticut to defraud lenders

    BOSTON – A Longmeadow man has pleaded guilty in federal court in Springfield, Mass., to a scheme to defraud commercial lenders by providing false and fraudulent rent rolls and forged lease agreements for properties located in Springfield, Mass.; East Longmeadow, Mass.; and Enfield, Conn.

    Louis R. Masaschi, 59 pleaded guilty to one count of conspiracy to committed wire fraud; two counts of wire fraud; and one count of aggravated identity theft. U.S. District Court Judge Mark G. Mastroianni scheduled sentencing for July 23, 2025. In April 2023, Masaschi was indicted by a federal grand jury along with his wife and alleged co-conspirator Jeanette Norman.

    According to court documents, Masaschi and Norman were partners in dozens of limited liability companies, including LL Realty Developers, LLC, through which they owned primarily commercial and some residential property in Western Massachusetts, Connecticut and elsewhere. Masaschi, and allegedly Norman, conspired with each other and others to fraudulently obtain loans for their companies from financial institutions and commercial lenders by providing materially false, fictitious and fraudulent financial information – including false rent rolls and forged lease agreements. After receiving the loans Masaschi, and allegedly Norman, made some or no payments and ultimately defaulted on the loans, causing substantial losses to the financial institutions and commercial lenders.

    According to Masaschi’s plea agreement, between May 2016 and November 2018, Masaschi fraudulently obtained or sought to obtain approximately $60,123,000 in loans and caused a total loss of $19,305,473.  

    Jeanette Norman has pleaded not guilty and is pending trial in October 2025.

    The charge of conspiracy to committed wire fraud provides for a sentence of up to five years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss. The charges of wire fraud each provide for a sentence of up to 30 years in prison, three years of supervised release and a fine of up to $1,000,000 or twice the gross gain or loss.  Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and James Crowley, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Steven H. Breslow of the Springfield Branch Office is prosecuting the case.  

    The details contained in the charging documents are allegations. The remaining defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.  
     

    MIL Security OSI

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with the Republic of Azerbaijan

    Source: IMF – News in Russian

    April 22, 2025

    Washington, DC: On March 21, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Azerbaijan and endorsed the staff appraisal, as well as the 2024 Financial System Stability Assessment.

    Following a slowdown in 2023, growth accelerated, and inflation picked up. Real GDP increased by 4.1 percent in 2024, up from 1.4 percent in 2023, supported by strong growth in construction, communication, transportation, and hospitality sectors. After declining by 2 percent in 2023, hydrocarbon GDP stabilized in 2024, as moderate gas production expansion compensated for the decline in oil output. Inflation picked up in the second half of 2024, partly reflecting adjustment in administered prices, reaching 4.9 percent at the end of the year, still within the CBA target of 4 ±2 percent. The 2024 Financial Sector Assessment Program (FSAP) found the financial sector to be broadly resilient against severe shocks.

    The decline in oil and gas prices reduced the 2024 external surplus, but fiscal consolidation resumed. After recording a surplus of 11.5 percent of GDP in 2023, the current account balance is projected to weaken in 2024. During the first three quarters of 2024, the current account surplus has been about 50 percent lower than in the same period last year. The combined CBA and SOFAZ reserves reached about US$ 71 billion by end-2024, covering 41 months of next year’s imports. After remaining broadly unchanged in 2023, the nonoil primary deficit declined in 2024 to 20.5 percent on nonoil GDP, from 22.1 percent of nonoil GDP in 2023, reflecting strong nonoil tax revenues.   

    Looking ahead, growth is projected to moderate and inflation to remain within the CBA target. Growth is projected to slow down to 3.5 percent in 2025, reflecting a slowdown in investment and flat hydrocarbon production. In the medium term, growth is projected to be 2 ½ percent, in line with potential growth. Assuming broadly stable international food and energy prices, inflation is projected to remain within the CBA target of 4 ±2 percent. External position is projected to weaken in the medium term as hydrocarbon production declines, but FX reserves will remain strong.

    Risks to the outlook remain broadly balanced but external uncertainty is high. Reduced hydrocarbon prices as a result of higher supply or lower demand could adversely affect growth, external position, and fiscal revenues. Conversely, intensification of conflicts could push hydrocarbon prices higher, providing a temporary boost to external and fiscal position. Deepening geoeconomic fragmentation, as well as trade and investment shocks, could affect prospects for development of the nonhydrocarbon sector and economic diversification, and slower global growth could weigh on Azerbaijan’s prospects. On the other side, trade and investment diversion to the region could also provide new opportunities. On the domestic side, pressures to increase budgetary spending could increase inflation, delay fiscal consolidation, and weaken the fiscal position and fiscal rule credibility. The presence of inefficient SOEs could undermine the development of the private sector, which is key to diversifying the economy and boosting growth.

    Executive Board Assessment[2]

    In concluding the AIV consultation with Azerbaijan, Executive Directors endorsed the staff’s appraisal as follows:

    Executive Directors agreed with the thrust of the staff appraisal. They noted that Azerbaijan’s growth has remained resilient, supported by robust non‑oil sector activity, and inflation is contained. Directors concurred that risks to the outlook are broadly balanced but are subject to significant uncertainty. They called for continued prudent policies and reforms to support diversification and sustainable growth over the medium term.

    Directors welcomed the authorities’ adherence to the fiscal targets under the fiscal rule. Cautioning that the expansionary 2025 budget would be procyclical, they broadly called on the authorities to continue with the fiscal adjustment in 2025, including by saving any revenue overperformance or expenditure shortfall to help contain inflationary pressures and reinforce fiscal sustainability. While recognizing Azerbaijan’s investment needs, Directors urged the authorities to pursue fiscal consolidation over the medium term to ensure intergenerational equity, underpinned by revenue and expenditure measures and reforms to strengthen the fiscal rule framework. They noted the benefits of a potential TADAT and PIMA to support these efforts.

    Directors viewed the central bank’s current monetary policy stance as appropriate, with inflation within the central bank target band and the recent increase appearing transitory. They emphasized the need to closely monitor inflation risks and to be prepared to act swiftly if needed. Directors welcomed the enhanced monetary policy transmission and called for continued efforts to improve the monetary policy framework to prepare for a possible transition to a hybrid inflation targeting regime.

    Directors welcomed the 2024 FSAP’s assessment that Azerbaijan’s financial system is broadly resilient, and the banking sector is well‑capitalized. They commended the authorities for the significant progress in reinvigorating the regulatory reform agenda, and bolstering banks’ capital and liquidity buffers to reinforce financial stability. Directors encouraged continued progress in strengthening prudential oversight and the financial safety net and expanding the systemic risk analysis and stress testing frameworks to address remaining vulnerabilities. In this regard, they underscored the importance of fully implementing consolidated supervision, developing early warning indicators and triggers for supervisory actions, reinforcing the resilience of domestic systemically important banks, and strengthening the emergency liquidity assistance framework.

    Directors emphasized the need for private sector development to support economic diversification. They called for continued reforms to strengthen corporate governance in state‑owned enterprises, and to create a level playing field for the private sector. Directors also called on the authorities to continue efforts to improve governance, combat corruption, and further strengthen the AML/CFT framework. They encouraged the authorities to intensify efforts to increase private sector access to finance and contribute to the global climate agenda.

    Azerbaijan: Selected Economic and Financial Indicators, 2022–30

     

     

     

     

     

     

     

     

         

    Est.

    Projections

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

     

    (Annual percentage change, unless otherwise specified)

    National income

                     

       GDP at constant prices

    4.7

    1.4

    4.1

    3.5

    2.5

    2.4

    2.4

    2.5

    2.5

          Of which: Oil sector 1/

    -2.4

    -2.0

    0.3

    0.2

    -0.5

    -0.5

    -0.5

    -0.5

    -0.5

                              Non-oil sector

    9.1

    4.5

    6.2

    4.5

    3.7

    3.5

    3.5

    3.5

    3.5

       Consumer price index (period average)

    13.9

    8.8

    2.2

    5.7

    4.5

    4.0

    4.0

    4.0

    4.0

       Consumer price index (end of period)

    14.4

    2.1

    4.9

    5.2

    4.0

    4.0

    4.0

    4.0

    4.0

    Money and credit

                     

       Domestic credit, net

    29.9

    14.7

    5.0

    9.1

    6.9

    7.0

    6.8

    6.9

    6.9

          Of which: Credit to private sector

    17.4

    14.7

    15.9

    10.0

    8.0

    8.0

    8.0

    8.0

    8.0

       Manat base money

    -2.8

    19.4

    0.4

    9.0

    9.0

    9.0

    9.0

    9.0

    9.0

       Manat broad money

    23.8

    19.6

    9.0

    10.6

    7.9

    8.4

    8.3

    8.4

    8.4

       Total broad money

    23.6

    5.3

    11.9

    9.2

    6.5

    7.0

    7.0

    7.0

    7.0

    External sector

                     

    Exports f.o.b.

    94.6

    -30.8

    -8.8

    10.8

    -10.0

    -9.9

    -8.0

    0.3

    0.3

    Of which: Oil sector

    105.1

    -34.0

    -10.1

    10.8

    -12.0

    -12.5

    -10.7

    -0.9

    -0.9

    Imports f.o.b.

    29.7

    21.4

    2.7

    12.0

    0.9

    3.0

    5.1

    6.5

    6.6

    Of which: Oil sector

    56.3

    12.2

    -6.9

    1.4

    1.5

    1.7

    2.1

    0.0

    0.0

    Real effective exchange rate

    11.8

    8.1

    -1.1

     

    (In percent of GDP, unless otherwise specified)

    Gross investment

    12.1

    18.3

    17.8

    18.3

    16.2

    14.6

    13.7

    13.7

    13.7

       Consolidated government

    8.0

    12.2

    11.3

    11.7

    10.0

    8.8

    8.1

    8.1

    8.1

       Private sector

    4.1

    6.1

    6.5

    6.7

    6.2

    5.8

    5.6

    5.6

    5.6

          Of which: Oil sector

    -6.3

    -0.3

    1.1

    1.3

    1.5

    1.6

    1.7

    1.6

    1.6

    Gross national savings

    42.1

    29.8

    25.7

    26.1

    20.4

    15.1

    11.3

    10.4

    9.6

    Consolidated general government finances 2/

                     

       Total revenue and grants

    32.1

    40.6

    37.1

    34.4

    32.8

    31.0

    29.8

    29.5

    29.2

       Total expenditure

    26.2

    32.7

    33.8

    35.6

    34.5

    33.4

    32.5

    31.7

    31.0

      Current expenditure

    18.2

    20.5

    22.5

    23.9

    24.4

    24.6

    24.4

    24.4

    24.0

      Net acquisition of non-financial assets

    8.0

    12.2

    11.3

    11.7

    10.0

    8.8

    8.1

    7.3

    7.0

       Overall fiscal balance

    6.0

    7.9

    3.2

    -1.3

    -1.7

    -2.4

    -2.8

    -2.1

    -1.8

       Non-oil primary balance, in percent of non-oil GDP

    -22.4

    -22.1

    -20.5

    -22.1

    -18.6

    -16.3

    -14.5

    -12.7

    -11.3

       General government debt 3/

    17.3

    21.8

    20.9

    21.0

    22.2

    22.7

    23.1

    23.8

    23.8

       General government and government-guaranteed debt

    26.9

    28.9

    27.6

    27.6

    28.6

    28.9

    29.1

    29.6

    29.4

    External sector

                     

       Current account (- deficit)

    29.8

    11.5

    7.8

    7.8

    4.1

    0.5

    -2.4

    -3.3

    -4.2

       Foreign direct investment (net)

    -6.5

    -2.9

    -0.7

    -0.4

    -0.2

    0.0

    0.2

    0.4

    0.5

    Memorandum items:

                     

       Gross official international reserves (in millions of U.S. dollars)

    8,996

    11,281

    10,960

    10,760

    10,560

    10,360

    10,160

    9,960

    9,760

    in months of next year’s non-oil imports f.o.b.

    5.4

    7.7

    6.6

    6.4

    6.1

    5.7

    5.3

    4.9

    4.6

       Nominal GDP (in millions of manat)

    133,973

    123,128

    126,337

    134,078

    139,182

    145,847

    153,556

    162,135

    171,522

       Nominal non-oil GDP (in millions of manat)

    69,764

    78,990

    85,712

    94,674

    102,595

    110,434

    118,825

    127,903

    137,675

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

    78,807

    72,429

    74,316

    78,870

    81,872

    85,792

    90,327

    95,373

    100,895

       Oil Fund Assets (in millions of U.S. dollars)

    49,034

    56,070

    60,031

    60,911

    61,797

    61,864

    61,594

    62,222

    62,949

       Assumed oil price, WEO plus $2-$3 premium (in U.S. dollars per barrel)

    98.4

    82.6

    81.2

    78.6

    73.5

    71.6

    70.6

    72.0

    73.4

       Assumed natural gas price, WEO plus a premium (in U.S. dollars per thousands of cubic meters)

    1340.0

    460.1

    389.0

    517.4

    424.7

    342.2

    290.2

    290.2

    290.2

       Exchange rate (manat/dollar, end of period)

    1.7

    1.7

    1.7

       Sources: National authorities; and IMF staff estimates and projections.

       1/ Includes the production and processing of oil and gas.

    2/ Consolidates State Budget, State Oil Fund of Azerbaijan (SOFAZ), Nakhchevan Autonomous Region (NAK) and State Social Protection Fund.

    3/ Starting in 2021, includes guarantees issued to Aqrakredit for its acquisition of distressed assets from the IBA.

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

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

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    https://www.imf.org/en/News/Articles/2025/04/22/pr-25118-azerbaijan-imf-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: Guatemalan alien illegally residing in the United States and convicted of sexual battery indicted for fraudulently obtaining custody of an unaccompanied alien child in the United States, following ICE, joint law enforcement partner investigation

    Source: US Immigration and Customs Enforcement

    WASHINGTON — A federal grand jury indicted an illegal alien, April 17, for his alleged role in smuggling an unaccompanied alien child to the United States and for allegedly submitting a sponsorship application with false statements to the Department of Health and Human Services’ Office of Refugee Resettlement to gain custody of the minor after she entered the United States, following a U.S. Immigration and Customs Enforcement, FBI, investigation.

    “This case is a testament to ICE’s commitment to hold predators accountable for the harm they inflict on children,” said ICE acting Director Todd Lyons. “We are making every effort to ensure the safety of children released to sponsors across the United States. This is vital work and through their victim centered approach, ICE Homeland Security Investigations special agents are perfectly positioned to uncover any similar crimes by predatory sponsors.”

    “The prior administration’s border policies created an environment that enabled human trafficking and allowed bad actors to take advantage of at-risk children,” said Attorney General Pamela Bondi. “We are committed to protecting children from the scourge of human trafficking and will not rest until we deliver justice for those who suffered during the border crisis.”

    According to the indictment, Juan Tiul Xi, 26, a Guatemalan national illegally residing in Cleveland, illegally entered the United States in 2023. Thereafter, Tiul Xi allegedly encouraged and induced a 14-year-old Guatemalan girl to illegally enter the United States and to use the identity of Tiul Xi’s sister as her alias. As a UAC, the Guatemalan girl was placed in the care and custody of ORR. As alleged, Tiul Xi then falsely stated on documents submitted to ORR when he applied to sponsor and obtain custody of the girl that he was the UAC’s brother and that her alias was her actual name. ORR relied on Tiul Xi’s alleged false statements when, on or about Sept. 5, 2023, ORR released the UAC to Tiul Xi’s care.

    Tiul Xi is charged with one count of encouraging or inducing illegal entry for financial gain, one count of making a false, fictitious, or fraudulent statement, and one count of aggravated identity theft. If convicted, he faces a maximum penalty of 10 years in prison on the illegal entry count, a maximum penalty of five years in prison on the false statement count, and a mandatory consecutive penalty of two years in prison on the aggravated identity theft count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    “The Office of Refugee Resettlement is committed to continuing vital policy changes that promote the safety and welfare of unaccompanied alien children related into the Unites States,” said ORR Acting Director Angie M. Salazar. “We have significantly increased sponsor vetting with the wellbeing of the child at the core of our process. We hope that our commitment is evident by our collaboration with law enforcement to right previous wrongs and help bring these crimes to light.”

    The indictment is the result of the coordinated efforts of Joint Task Force Alpha (JTFA). JTFA, a partnership with the Department of Homeland Security, has been elevated and expanded by the Attorney General with a mandate to target cartels and other transnational criminal organizations to eliminate human smuggling and trafficking networks operating in Mexico, Guatemala, El Salvador, Honduras, Panama, and Colombia that impact public safety and the security of our borders. JTFA currently comprises detailees from U.S. Attorneys’ Offices along the southwest border. Dedicated support is provided by numerous components of the Justice Department’s Criminal Division, led by HRSP and supported by the Money Laundering and Asset Recovery Section, the Office of Enforcement Operations, and the Office of International Affairs, among others. JTFA also relies on substantial law enforcement investment from DHS, FBI, DEA, and other partners. To date, JTFA’s work has resulted in more than 360 domestic and international arrests of leaders, organizers, and significant facilitators of alien smuggling; more than 325 U.S. convictions; more than 270 significant jail sentences imposed; and forfeitures of substantial assets.

    The ICE HSI and FBI Cleveland field offices are jointly investigating with assistance from HSI’s Attaché team in Guatemala. Additionally, HSI’s Center for Countering Human Trafficking in Washington, D.C. and ORR have provided valuable assistance.

    Senior Trial Attorney Christian Levesque of the Criminal Division’s Human Rights and Special Prosecutions Section, Joint Task Force Alpha detailee/Trial Attorney Spencer M. Perry of the Criminal Division’s Fraud Section, and Acting U.S. Attorney Carol Skutnik and Criminal Division Chief Michael L. Collyer for the Northern District of Ohio are prosecuting the case, with assistance from HRSP Analyst/Latin America Specialist Joanna Crandall.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and other transnational criminal organizations, and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Project Safe Neighborhood.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    Individuals across the world can report suspicious criminal activity to the ICE Tip Line at 866-DHS-2-ICE, 24 hours a day, seven days a week. Highly trained specialists take reports from both the public and law enforcement agencies on more than 400 laws enforced by ICE.

    MIL OSI USA News

  • MIL-OSI USA: Welch, Tonko, Community Members Rally in Support of Medicaid

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    PLATTSBURGH, NY – Last night, U.S. Senator Peter Welch (D-Vt.) joined U.S. Representative Paul Tonko (D-NY-20) in hosting a rally to fight back against Congressional Republicans’ proposed cuts to Medicaid. Held in Plattsburgh, Sen. Welch and Rep. Tonko spoke to a crowd of more than 175 New Yorkers and Vermonters about the importance of protecting this essential health coverage program. They also called out Republicans’ attempts to kick seniors, children, and people with disabilities off Medicaid to pay for a tax cut for those who don’t pay their fair share.  
    “This is about health care and the well-being of every American. President Trump and Republicans’ budget would cut care for those who need it most, all so they secure tax cuts for billionaires—that’s an acceptable deal to them. But as far as I’m concerned, there is no acceptable cut to health coverage,” said Senator Welch. “So while Republicans are attempting to finance a tax cut for the ultra-wealthy, Democrats will continue working to protect access to Medicaid for communities small and large and work to lower costs for hardworking families and seniors.” 
    See photos from the event below:  

    More than 157,000 Vermonters rely on Medicaid for their health coverage and access to care. Medicaid provides around 41% of children in Vermont with health care, and nearly 2,000 births per year are covered by Medicaid. More than 38,000 people with a disability in Vermont are covered by Medicaid. More than 60% of nursing home residents in Vermont rely on Medicaid to pay for the care in the nursing home. Every hospital in Vermont serves Medicaid beneficiaries. The Republican budget threatens to slash Medicaid funding by a third, which means 32,000 rural residents in Vermont could lose their coverage.  
    In New York, nearly 7 million people rely on Medicaid coverage. The Republicans’ proposed cuts to Medicaid could result in 590,000 kids and more than 150,000 rural New Yorkers losing coverage. More than 1 in 5 seniors in New York would lose their nursing home care.  
    Nationally, nearly 80 million Americans rely on Medicaid or the Children’s Health Insurance Program. Medicaid covers nearly a quarter of Americans in rural areas. Medicaid pays for nearly half of all births in the U.S., covers nearly half of all of America’s children, provides care to 2 in 3 nursing home residents, and provides peace of mind to 17 million women of reproductive age. More than 15.5 million Americans with a disability are covered by Medicaid.  

    MIL OSI USA News

  • MIL-OSI USA: Padilla, Booker, Reed Introduce Bills to Permanently Protect the Pacific and Atlantic Oceans from Offshore Drilling

    US Senate News:

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

    Padilla, Booker, Reed Introduce Bills to Permanently Protect the Pacific and Atlantic Oceans from Offshore Drilling

    WASHINGTON, D.C. — On Earth Day, U.S. Senators Alex Padilla (D-Calif.), Cory Booker (D-N.J.), and Jack Reed (D-R.I.) announced a pair of bills to permanently protect the Pacific and Atlantic Oceans from the dangers of fossil fuel drilling. The package includes Padilla’s West Coast Ocean Protection Act, which would permanently prohibit new oil and gas leases for offshore drilling off the coast of California, Oregon, and Washington, as well as Booker and Reed’s Clean Ocean and Safe Tourism (COAST) Anti-Drilling Act, which would permanently prohibit the U.S. Department of the Interior from issuing leases for the exploration, development, or production of oil and gas in the North Atlantic, Mid-Atlantic, South Atlantic, and Straits of Florida Planning Areas of the U.S. Outer Continental Shelf.

    This legislation comes just after the 15th anniversary of the Deepwater Horizon oil spill, which resulted in the deaths of 11 workers, 134 million gallons spilled into the Gulf of Mexico over 87 days, the demise of thousands of marine mammals and sea turtles, and billions of dollars in economic losses from the fishing, outdoor recreation, and tourism industries.

    Representative Jared Huffman (D-Calif.-02), Ranking Member of the House Natural Resources Committee, and Frank Pallone, Jr. (D-N.J.-06), Ranking Member of the House Energy and Commerce Committee, are leading companion legislation in the House for the West Coast Ocean Protection Act and the Clean Ocean and Safe Tourism (COAST) Anti-Drilling Act, respectively.

    A one-pager on the West Coast Protection Act is available here.

    Full text of the West Coast Protection Act is available here, and full text of the COAST Anti-Drilling Act is available here.

    “We must end offshore oil drilling in coastal waters once and for all,” said Senator Padilla. “Over 50 years ago, after a catastrophic oil spill off the coast of Santa Barbara, Californians rose up and demanded environmental protections, spurring the modern environmental movement and creating the very first Earth Day. As the Trump Administration threatens to recklessly open our coasts to new drilling, California and the West Coast need permanent safeguards to protect our communities from the devastation of fossil fuels and disastrous oil spills. We must act now to fulfill the promises we made to our children and our constituents to meet the urgency of this environmental crisis with bold action.”

    “This week marks both Earth Day and the 15th anniversary of the Deepwater Horizon oil disaster,” said Senator Booker. “I’m standing alongside my colleagues in the House and Senate to reaffirm our commitment to protecting our communities and our environment. Offshore drilling endangers our coastal communities – both their lives and their livelihoods – and threatens marine species and ecosystems. The COAST Act, along with this critical package of legislation, will ensure that marine seascapes along the Atlantic and Pacific Coasts, and the wildlife, industries, and communities that rely on them, are protected from the dangers of fossil fuel drilling.”

    “Offshore drilling in the Atlantic Ocean would open up the eastern seaboard to considerable risk, and we have seen the destruction that an accident can cause. This legislation is about more than simply protecting the environment, it’s also about protecting the tourism and fishing industries that create jobs and help power Rhode Island’s economy,” said Senator Reed.

    “It’s clear that in the 15 years since the most catastrophic oil spill disaster in history, Republicans in the pocket of Big Oil have learned nothing. Offshore drilling poses significant threats to our public health, coastal economies, and marine life. The science is clear, and so is the public sentiment: we need to speed up our transition to a clean energy future, not lock ourselves into another generation of fossil fuel fealty,” said Representative Huffman. “We cannot let history repeat itself. My Democratic colleagues aren’t standing idly by as the Trump administration tries to reverse all of our progress so they can give handouts to Big Oil. Our legislation will cut pollution and ramp up clean energy, ensuring our coasts remain safe, clean, and open to all Americans— not turned into open season for fossil fuel billionaires looking to drill, spill, and cash in.” 

    “For decades, I’ve fought to protect our coasts from the dangers of oil and gas development, and this legislative package reaffirms that commitment. Offshore drilling risks devastating spills, accelerates climate change, and threatens the livelihoods of coastal communities like those in New Jersey. On Earth Day and every day, we must stand up to Big Oil and prioritize renewable energy that actually protects our planet,” said Representative Pallone.

    These bills reaffirm vital protections for America’s coastal communities and ecosystems. The Biden Administration protected more than 625 million acres of U.S. ocean waters — including the Pacific coasts of Washington, Oregon, and California, the entire East Coast, the eastern Gulf of Mexico, and parts of the Northern Bering Sea — from offshore oil and gas drilling. President Trump immediately tried to roll back those protections, attempting to illegally reopen those areas to drilling on day one of his second term. Trump’s record speaks for itself: during his first Administration, the Interior Department proposed a sweeping plan to open 47 offshore oil and gas lease areas across nearly every U.S. coastline, from California to New England.

    The two bills would protect critical coastal communities, economies, and ecosystems against offshore drilling, which is especially important in the face of the climate crisis. U.S. coastal counties support 54.6 million jobs, produce $10 trillion in goods and services, and pay $4 trillion in wages. Offshore drilling poses significant threats to public health, coastal economies, and diverse marine life that play an important economical, ecological, and cultural role in our ecosystem. 

    California began efforts to block offshore drilling in 1969 when an oil rig off the coast of Santa Barbara leaked 3 million gallons of crude oil into the ocean, blanketing beaches with a thick layer of oil and killing thousands of marine mammals and birds. It was the largest oil spill in U.S. history until the Exxon Valdez spill 20 years later. California is also approaching the 10th anniversary of the Refugio State Beach Oil Spill, in which a Plains All American Pipeline in Santa Barbara County ruptured and spilled hundreds of thousands of gallons of crude oil, marking the worst spill in the area since 1969 and impacting some of the most biologically diverse regions along California coast.

    After the 1969 Santa Barbara spill, California blocked all new offshore oil drilling in state waters, protecting our coastal waters up to three miles from the shore. The state reinforced that ban in 1994 by passing the California Coastal Sanctuary Act, which prohibited new leasing in state waters. However, in 2018, the Trump Administration released a five-year offshore leasing plan that proposed opening up the entire West Coast to new drilling despite widespread opposition in Pacific coast states. This proposal was blocked by the courts, but the threat of drilling remains until a permanent ban is enacted.

    The West Coast Protection Act is cosponsored by Senators Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Edward J. Markey (D-Mass.), Jeff Merkley (D-Ore.), Patty Murray (D-Wash.), Bernie Sanders (I-Vt.), Adam Schiff (D-Calif.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.). It is endorsed by organizations including Natural Resources Defense Council (NRDC), Oceana, Defenders of Wildlife, Earthjustice, Surfrider Foundation, Seattle Aquarium, Turtle Island Restoration Network, Nassau Hiking & Outdoor Club, Lee (MA) Greener Gateway Committee, South Shore Audubon Society (Freeport, NY), Sierra Club, League of Conservation Voters, Futureswell, Ocean Conservancy, Environment America, WILDCOAST, Food & Water Watch, Environmental Protection Information Center, Ocean Defense Initiative, Center for Biological Diversity, The Ocean Project, Business Alliance to Protect the Pacific Coast, Animal Welfare Institute, Wild Cumberland, Climate Reality Project – North Broward and Palm Beach County Chapter, U.S. Climate Action Network, American Bird Conservancy, Surf Industry Members Association, Business Alliance for Protecting the Pacific Coast (BAPPC), Clean Ocean Action, and Hispanic Access Foundation.

    The COAST Anti-Drilling Act is cosponsored by Senator Padilla as well as Senators Richard Blumenthal (D-Conn.), Chris Coons (D-Del.), Angus King (I-Maine), Markey, Merkley, Sanders, Jeanne Shaheen (D-N.H.), Chris Van Hollen (D-Md.), Elizabeth Warren (D-Mass.), Whitehouse, and Wyden. It is endorsed by organizations including Natural Resources Defense Council (NRDC), Oceana, Surfrider Foundation, Earthjustice, Turtle Island Restoration Network, Nassau Hiking & Outdoor Club, Lee (MA) Greener Gateway Committee, South Shore Audubon Society (Freeport, NY), Sierra Club, League of Conservation Voters, Futureswell, Ocean Conservancy, Environment America, Food & Water Watch, Waterspirit, Business Alliance to Protect the Atlantic, Clean Ocean Action, Jersey Coast Anglers Association (NJ), American Littoral Society, Save Coastal Wildlife, Environmental Protection Information Center, Defenders of Wildlife, Ocean Defense Initiative, Center for Biological Diversity, The Ocean Project, North Carolina Coastal Federation, Animal Welfare Institute, Wild Cumberland, Climate Reality Project – North Broward and Palm Beach County Chapter, U.S. Climate Action Network, National Aquarium, American Bird Conservancy, and Hispanic Access Foundation.

    “It’s time to end the threat of expanded drilling off America’s coasts forever,” said Joseph Gordon, Oceana Campaign Director. “Oceana applauds these Congressional leaders for reintroducing pivotal legislation that would establish permanent protections from offshore oil and gas drilling for millions of acres of ocean. Earth Day is an important reminder that every coastal community deserves healthy oceans and oil-free beaches. This bill is part of a national movement to safeguard our multi-billion-dollar coastal economies from dirty and dangerous offshore drilling. Congress must swiftly pass these bills into law and reject any expansion of drilling to protect our coasts.”

    “Protecting these waters puts coastal communities and wildlife above polluters and brings us closer to a world where our waters are free from oil spills, endangered whale populations are free from seismic blasting, and local economies can thrive,” said Taryn Kiekow Heimer, Director of Ocean Energy at NRDC (Natural Resources Defense Council). “Now more than ever, we need leadership from Congress to protect our oceans from an industry that only cares about its bottom line – and a Trump administration willing to do anything to give those oil billionaires what they want.”

    “The Trump administration’s path of so-called ‘energy dominance’ is paved with threats to American coasts,” said Sierra Weaver, senior attorney for Defenders of Wildlife. “This set of bills offers real protections for coastal communities and wildlife against unwanted, unreasonable and unsafe offshore oil drilling. This is just the type of bold action we need on the 15th anniversary of the Deepwater Horizon oil spill, the worst environmental disaster in U.S. history.”

    “Imperiled species like Southern resident orcas and sea otters need clean, healthy ocean habitats to thrive. New offshore drilling would bring habitat destruction, noise pollution and the threat of spills and chronic contamination to those species and their homes,” said Joseph Vaile, Northwest Program senior representative for Defenders of Wildlife. “This legislation is a critical step toward permanently safeguarding marine mammals and coastal communities from irreversible harm. We thank Senator Padilla for championing the West Coast Ocean Protection Act at a time when the threat of offshore drilling is especially urgent.”

    “California’s spectacular marine life — including complex kelp forests and charismatic sea otters — and vibrant coastal economies rely on healthy ecosystems. This legislation could, once and for all, block offshore drilling activities along the continental shelf, and protect critical marine habitats along California’s iconic Pacific Coast,” said Pamela Flick, Defenders of Wildlife California Program Director.

    “These bills will permanently protect our coastal communities from the threats of offshore drilling. Oil spills like the one caused by the deadly BP drilling disaster 15 years ago are dangerous to people’s health and our public waters. The economic vitality of entire regions depend on oceans staying healthy,” said Earthjustice Senior Legislative Representative Laura M. Esquivel. “We applaud these Members of Congress for doing what’s right on behalf of their constituents.” 

    “These important bills will protect our environment, communities, and economy from the harmful effects of offshore oil and gas development. Offshore drilling is a dirty and damaging practice that threatens our nation’s ocean recreation, tourism, and fisheries industries valued at $250 billion annually. The Surfrider Foundation urges members of Congress to support this important legislation to prohibit new offshore drilling in U.S. waters,” said Pete Stauffer, Ocean Protection Manager, Surfrider Foundation.

    “These bills are critical, especially now. Protecting our environment and frontline communities from the dangers of offshore oil and gas development must be a top priority in the face of the escalating climate and biodiversity crises,” said Elizabeth Purcell, Environmental Policy Coordinator with Turtle Island Restoration Network. “Congress must act swiftly and support these bills to protect our oceans from further exploitation by the oil and gas industry, ensuring a healthy and safe planet for all.”

    “We are the generation that will live with the consequences of today’s energy choices. As young ocean advocates, we want to leave a better legacy for ocean health behind us than what has been left for us,” said Mark Haver, North America Regional Representative with Sustainable Ocean Alliance. “Congress has a moral responsibility to prevent new offshore oil and gas drilling leases. We will be counting on Congress to act on behalf of our ocean and future generations.”

    “Our coasts are a source of life, livelihood, and recreation for coastal communities and the millions of visitors they see every year,” said Athan Manuel, Director of the Sierra Club’s Lands Protection Program. “They also support untold diverse wildlife and ecosystems that are put at risk by exploitation from the oil and gas industry. These bills provide much-needed critical protections for the health of our coastal communities and to ensure that future generations will get to enjoy the wonders of our oceans and beaches.”

    “It has been clear for years that we cannot afford to expand fossil fuel extraction and burning if we want any hope of staving off the ever worsening effects of climate change,” said Mitch Jones, Managing Director of Policy and Litigation at Food & Water Watch. “In addition to the threat of worsening climate chaos, offshore drilling directly endangers local environments, wildlife, and economies due to the threats of oil spills and disruptions to aquatic life. We urge Congress to pass these bills to protect our coastlines and our oceans from Trump’s disastrous push for more drilling.”

    “Water is the pulse of our planet, the sacred thread that connects all life. We all have a responsibility to protect the very essence that sustains us,” said Rachel Dawn Davis, Public Policy & Justice Organizer at Waterspirit. “The threat of exploitation-whether through drilling or pollution-puts ecosystems and future generations at risk. We must continue to honor and defend our waters; in preserving them, we preserve life itself.”

    “Our oceans provide forever benefits in so many ways for both local communities and whole nations. We thoroughly support the bipartisan protections put forward in these Bills, which would position the United States to lead the world and reap huge benefits for tourism, energy security, health and local jobs, not to mention the beautiful wildlife that drives billions of dollars of tourism and other benefits,” said Global Rewilding Alliance.

    “A clean ocean is crucial for the conservation of marine biodiversity,” said Jenna Reynolds, Executive Director of Save Coastal Wildlife. “A polluted ocean poses significant risks to marine wildlife, including increased vessel traffic around oil platforms, which can lead to collisions with marine animals, especially sea turtles and juvenile whales which are difficult to see from moving vessels. Oil spills can directly coat and kill marine animals, including seabirds, sea turtles, marine mammals, and can also damage coastal ecosystems like beaches and coastal wetlands, impacting wildlife and people that rely on these areas. We need to bring back and fully protect biodiversity in our ocean!”

    “We must work toward a future where our coastal communities, economies, and marine life can thrive thanks to a healthy ocean. As the Trump Administration seeks to threaten our favorite beaches and ecosystems with new offshore drilling, it’s more important than ever for ocean champions in Congress to advance ocean protections,” said Sarah Guy, Ocean Defense Initiative. “We are grateful for the leadership of members supporting these bills, and commit to working toward a future where all our coasts are protected from the harms of offshore drilling.”

    “We believe our coasts are far too valuable to risk for short-term fossil fuel gains,” said Katie Thompson, Executive Director of Save Our Shores. “Permanently protecting offshore areas from oil and gas leasing is a critical step toward safeguarding marine ecosystems, coastal communities, and our climate future. These bills reflect the will of the people to prioritize ocean health and long-term sustainability over polluting industries of the past.”

    “This suite of legislation is a critical move to safeguard our marine resources against Trump and his Big Oil agenda,” said Rachel Rilee, oceans policy specialist at the Center for Biological Diversity. “It’s been 15 years since the Deepwater Horizon oil disaster devastated coastlines and killed hundreds of thousands of marine animals. Our oceans and the incredible ecosystems they support are counting on us. Congress must pass these bills and then get right back to work protecting marine life and coastal communities from every manmade danger and every Republican attack.”

    “Americans love our coasts. For some of us, they’re home, and for many others, they’re home to wonderful memories, including family vacations at the beach, fishing trips with friends, and encounters with wildlife like sea turtles, dolphins, and whales. But oil spills can destroy all of that. It’s simply not worth the risk. We must not squander our children’s inheritance,” said Bill Mott, Executive Director of The Ocean Project. “The ocean offers endless inspiration, recreational opportunities, and serves as a critically important economic driver. Yet despite its vastness, it is incredibly vulnerable. As we’ve seen too many times before, offshore oil and gas drilling is not compatible with stewarding our ocean. We all share a responsibility to keep our coasts clean and our ocean healthy for future generations. That’s why we urge Congress to act now to prohibit new offshore oil and gas development forever.”

    “AWI commends these Congressional leaders for taking bold action to protect our oceans and coasts from dirty, dangerous oil and gas development along the outer continental shelf,” said Georgia Hancock, Senior Attorney and Director of the Animal Welfare Institute’s marine wildlife program. “Fifteen years after the Deepwater Horizon disaster, it remains painfully clear: there is no such thing as safe offshore oil drilling, nor is there any way to fully clean up a significant oil spill. Keeping oil rigs out of the ocean prevents unnecessary harm to sensitive marine animals like sea turtles, whales, and seabirds, and avoids the massive costs associated with environmental remediation when things go wrong. These bills draw a clear line in the sand: our marine ecosystems are too precious to risk.”

    “The Pacific west coast economy provides over $80 Billion in GDP via industries like tourism, outdoor recreation, fishing, retail, and real estate, supporting more than 825,000 jobs. And BAPPC’s 8,100 business members rely on a clean ocean to drive their revenues and provide for their customers, employees and families. We strongly support the West Coast Protection Act and other legislation to prohibit new offshore drilling and protect our businesses by prioritizing a healthy coastal ecosystem,” said Grant Bixby, Founding Member, The Business Alliance for Protecting the Pacific Coast.

    “The impact of offshore oil drilling on marine life is well-documented, from toxic discharges of drilling mud and fracking chemicals, to chronic oil spills, to the effects of a major well blow-out as has occurred many times in the history of offshore oil drilling. It is time we stopped burning fossil fuels and switch to non-polluting sources such as wind, solar, and other green energy sources. Industrializing our oceans is the last thing we should be doing,” said the International Marine Mammal Project, Earth Island Institute.

    “The oceans and coasts are the lifeblood of the US economy. They deserve not only protection but increased investment and stewardship. Anyone that threatens the coasts puts the entire US economy at risk,” said the Center for the Blue Economy.

    “We strongly support these bills to protect our vital coastal ecosystems and ocean health, which are increasingly threatened by the climate crisis. Offshore oil and gas leasing not only poses a direct risk of pollution to our waters and endangers marine life, but also contributes to climate change by perpetuating our reliance on fossil fuels. We urge swift passage of these protections to safeguard coastal communities, their economies, and a livable future for all,” said the U.S. Climate Action Network.

    “Offshore oil and gas drilling threatens coastal communities and endangers whales, sea turtles and other wildlife that Americans treasure,” said National Aquarium President and CEO John Racanelli. “On Earth Day and every day, all of us – people and wildlife – rely on a healthy ocean for our very survival. The science is clear that moving from dependence on fossil fuels towards clean energy sources safeguards marine ecosystems and protects public health. Legislation that places sensible limits on new oil and gas development along our shores is just smart public policy.”

    “President Biden’s recent permanent ban on offshore drilling in most ocean realms of the US is strong and cause for celebration! That said, codifying this long-overdue protection with acts of Congress is needed to add bulwark against attempts to override the ban as well as provide proof of bipartisan support for the ocean. The reason is simple: a healthy ocean sustains all life on earth and is essential to a vibrant clean ocean economy,” said Cindy Zipf, Executive Director of Clean Ocean Action.

    “Last year President Biden issued an executive action to protect more than 625 million acres of federal waters from fossil fuel development, a historic and bold decision to defend coastal communities, public health, and ecosystems. Azul’s 2024 nationwide poll found that Latinos across political ideologies support action to ban offshore drilling and are even willing to pay more out of pocket to make it happen. We applaud the leadership of members of Congress seeking to codify protections for coastal waters against offshore drilling, and these added protections are needed to defend against threats to undo existing protections against offshore drilling,” said Marce Gutiérrez-Graudins, Founder of Azul.

    “Protecting our oceans is a matter of safeguarding our health, our economy, and our future. Proposals to reduce existing ocean protections and expand offshore drilling raise serious concerns for coastal communities, marine ecosystems, and millions of livelihoods,” said Maite Arce, President and CEO of Hispanic Access Foundation. “Latino communities, many of whom live along our coasts and rely on clean water and healthy marine environments for recreation, jobs, and cultural connection, are uniquely impacted. We support efforts that uphold strong protections and ensure our public lands and waters remain preserved for future generations. Now is the time for bold, bipartisan leadership that centers communities and protects the ocean legacy we all share.”

    “The New Jersey Environmental Lobby unequivocally supports all of the bills,” said Anne Poole, President of the NJ Environment Lobby. “Our organization’s primary focus is State legislation and policies that affect our densely populated coastal state, but oceans know no national or state boundaries.  The oceans are connected and impact all life on this globe.  What affects one coast eventually affects us all. Thank you to all of these ocean champions for their foresight and political courage!”

    In 2021, Senator Padilla joined West Coast Senators in calling on Senate leadership to include the West Coast Ocean Protection Act in the Senate version of the budget reconciliation bill after an estimated 126,000 gallons of oil spilled off the coast of California.

    MIL OSI USA News

  • MIL-OSI: Results of ING’s 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Results of ING’s 2025 Annual General Meeting

    The Annual General Meeting (AGM) of ING Groep N.V. was held today in Amsterdam.

    The AGM adopted all agenda items, including the annual accounts for 2024, discharge of the members of the Executive Board and the Supervisory Board and the dividend for 2024.

    The AGM also approved the reappointment of Steven van Rijswijk and Ljiljana Čortan to the Executive Board. Stuart Graham and Petri Hofsté were appointed to the Supervisory Board and Margarete Haase and Lodewijk Hijmans van den Bergh were reappointed to the Supervisory Board.

    Note for editors
    For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news X feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

    Press enquiries Investor enquiries
    Raymond Vermeulen ING Group Investor Relations
    +31 20 576 6369 +31 20 576 6396
    Raymond.Vermeulen@ing.com Investor.Relations@ing.com

    ING PROFILE
    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate.

    Important legal information
    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

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    The MIL Network

  • MIL-OSI: American Rebel Light Beer Continues Rapid Expansion of National Distribution Footprint adding North Carolina’s Adams Beverages

    Source: GlobeNewswire (MIL-OSI)

    Strategic Growth Fuels American Rebel Beer as it Reaches 10 States with Several More to be Announced Soon

    Nashville, TN, April 22, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), proudly announces its strategic expansion into North Carolina through a distribution agreement with Adams Beverages (adamsbev.com). This move is a significant milestone in the Company’s broader Southeast growth strategy.

    “I am thrilled to see how fast our American Rebel Light Beer distribution is growing across this great country,” said American Rebel CEO Andy Ross. “North Carolina is a great market and has strong tie-ins with our relationship with Tony Stewart Racing (tsrnitro.com) and Matt Hagan and the Charlotte Motor Speedway (charlottemotorspeedway.com). We have been able to establish distribution with some high-volume distributors in ten states and growing. It’s fair to say that American Rebel is burning patriotic fuel.”

    “We are very excited to partner with Adams Beverages to bring American Rebel Light Beer to 28 North Carolina counties,” said Todd Porter, President of American Rebel Beverages. “This collaboration allows us to serve the wonderful people of North Carolina who are looking for a clean, natural, and great-tasting light beer that embodies the values of our great nation.”

    American Rebel Beer will host a series of exciting events, including beer tastings, live music performances, and promotional giveaways, kicking off this weekend at the Charlotte Motor Speedway. The festivities will run through the Fall, offering a perfect opportunity for the community to come together and enjoy America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, STAND YOUR GROUND BEER!

    The first shipment of American Rebel Light Beer arrives in North Carolina this week and in just a few short days, several locations have placed orders and brought in Rebel Light. In addition to the Charlotte Motor Speedway, American Rebel Light Beer will be available at multiple locations across North Carolina, including these on-premise and off-premise locations:

    IRON THUNDER SALOON – CONCORD 10023 WEDDINGTON ROAD, CONCORD, NC 28027 MOTORSPORTS-THEMED SPORTS BAR
    CANNON CROSSROADS BP 9960 POPLAR TENT ROAD, CONCORD, NC 28027 CONVENIENCE STORE
    CITY FOOD MART – CONCORD MAIN 873 OLD CHARLOTTE ROAD, CONCORD, NC 28027 CONVENIENCE STORE
    COMPARE FOODS – CONCORD 840 CONCORD PKWAY NORTH, CONCORD, NC 28027 CONVENIENCE STORE
    DANNYS 300 NORTH CHURCH STREET, CONCORD, NC 28025 CONVENIENCE STORE
    FAST AND FRIENDLY MART 2 7340 POPLAR TENT ROAD, CONCORD, NC 28027 CONVENIENCE STORE
    SPEEDWAY XPRESS MART – SATYA 4521 MOREHEAD ROAD, CONCORD, NC 28027 CONVENIENCE STORE
    CONCORD SHOPS 450 PITTS SCHOOL ROAD NW, CONCORD, NC 28027 CONVENIENCE STORE
    TOTAL WINE 8054 CONCORD MILLS RD, CONCORD, NC 28027 LARGE WINE BEER RETAILER
    D AND D EXPRESS 5501 POPLAR TENT ROAD, CONCORD, NC 28027 CONVENIENCE STORE
    CAROLINA ALE HOUSE – CONCORD MILLS 8695 CONCORD MILLS BOULEVARD, CONCORD, NC 28027 CASUAL RESTAURANT/SPORTS BAR

    For more information about the launch events and American Rebel Beer, please visit (americanrebelbeer.com) or follow us on our social media platforms.

    About Adams Beverages

    Founded in Dothan, Alabama in 1937, Adams Beverages has since expanded into North Carolina under the management of Bill Adams, Clay Adams and Amy Adams Dupree. Adams Beverages now employs over 750 team members, currently providing service to 44 counties in Alabama and 28 counties in North Carolina. For more information on Adams Beverages, go to adamsbev.com.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebelbeer.com/investor-relations.

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    tporter@americanrebelbeer.com
    info@americanrebel.com

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    The MIL Network

  • MIL-OSI: Key Tronic Corporation Announces Third Quarter Reporting Date

    Source: GlobeNewswire (MIL-OSI)

    SPOKANE VALLEY, Wash., April 22, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the third quarter of fiscal 2025 after market close on May 6, 2025.

    Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on May 6, 2025. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 2003797). A replay will be available at www.keytronic.com under “Investor Relations”.

    About Key Tronic

    Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com.

    CONTACTS:   Anthony G. Voorhees   Michael Newman
        Chief Financial Officer   Investor Relations
        Key Tronic Corporation   StreetConnect
        (509) 927-5345   (206) 729-3625

     

    The MIL Network

  • MIL-OSI Canada: Saskatchewan’s Building Construction Growth Leads Among Provinces

    Source: Government of Canada regional news

    Released on April 22, 2025

    Province Ranks First for Investment in Building Construction 

    Today, Statistics Canada numbers show an increase of 29.9 per cent in February 2025 compared to February 2024 for building construction investment in the province. This places Saskatchewan first among the provinces for year-over-year growth.

    “These numbers reflect Saskatchewan’s strong economy, and continued growth in capital investment as more people are choosing to build and grow their families here in our province,” Trade and Export Development Minister Warren Kaeding said. “Whether they are building new housing, new infrastructure, or new businesses, they are investing in the future of Saskatchewan.”

    Investment in building construction is calculated based on the total spending value on building construction within the province. 

    Statistics Canada’s latest GDP numbers indicate that Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.77 billion, or 2.3 per cent from 2022. This places Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent.

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second highest anticipated percentage increase among the provinces.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada. 

    For more information visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI: NANO Nuclear and University of Illinois Urbana-Champaign Receive Nuclear Regulatory Commission (NRC) Fuel Qualification Methodology Approval for KRONOS MMR™ Energy System

    Source: GlobeNewswire (MIL-OSI)

    Safety Evaluation Issued by NRC Confirms Regulatory Acceptance of Fuel Qualification Methodology, Paving the Way for Eventual KRONOS Microreactor Deployment at University of Illinois Urbana-Champaign

    New York, N.Y., April 22, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, is pleased to announce that the U.S. Nuclear Regulatory Commission (NRC) has issued its final Safety Evaluation (SE) approving the Fuel Qualification Methodology Topical Report (FQM TR) for the advanced fuel design to be used in the NANO Nuclear’s stationary KRONOS MMR™ Energy System.

    This important regulatory milestone marks the successful culmination of a rigorous review process and represents a major step toward deployment of the KRONOS reactor prototype at the University of Illinois Urbana-Champaign (U. of I.). The approved Fuel Qualification Methodology defines the regulatory framework and testing approach for the qualification of Fully Ceramic Microencapsulated (FCM®) fuel, which incorporates tri-structural isotropic (TRISO) fuel particles embedded in a silicon carbide matrix. With this latest regulatory breakthrough, NANO Nuclear is now positioned to submit its Construction Permit Application for the KRONOS reactor, with fuel qualification rapidly progressing. NANO Nuclear is advancing its vision to become a leader in small, clean energy technologies that address global energy security and decarbonization goals.

    Figure 1 – NANO Nuclear and University of Illinois Urbana-Champaign Receive Nuclear Regulatory Commission (NRC) Fuel Qualification Methodology Approval for KRONOS MMR Energy System

    “This is a major victory for advanced nuclear energy and a transformative moment for NANO Nuclear, bringing us closer to turning the promise of KRONOS into a working reality at U. of I.,” said James Walker, Chief Executive Officer of NANO Nuclear. “With the NRC’s final approval of the FQM Topical Report, we now have the regulatory green light to move forward with the Construction Permit (CP) application for the prototype KRONOS. We thank the NRC for their thorough review. This milestone is a critical enabler for our entire reactor program and affirms the strength of our fuel strategy. The nuclear energy future is coming—and NANO Nuclear is at the center of it.”

    “Fuel is one of the biggest sources of uncertainty in any advanced nuclear project,” Illinois Grainger Engineering Associate Professor Caleb Brooks, Head of the Microreactor Demonstration Program at U. of I. “This favorable regulatory outcome represents a significant reduction in that uncertainty for our project, and the SE establishes a common language between us and the regulator on how the fuel will be shown, with high assurance, to be safe and effective.”

    The FQM TR had previously undergone joint review by the NRC and the Canadian Nuclear Safety Commission (CNSC), with initial participation from the UK’s Office for Nuclear Regulation (ONR) as an observer. NANO Nuclear believes that final approval of the FQM TR by the NRC demonstrates confidence in the methodology’s scientific soundness and regulatory compliance, offering a repeatable pathway for advanced fuel qualification applicable to NANO Nuclear reactors.

    “With this regulatory foundation in place, we are prepared to execute,” said Dr. Florent Heidet, Chief Technology Officer and Head of Reactor Development of NANO Nuclear. “Our next steps include finalizing fuel fabrication timelines, preparing and submitting the construction permit this year, and completing early-stage site work at U. of I., including geotechnical drilling and environmental assessments. We will keep accelerating until the reactor is operating.”

    Figure 2 – Rendering of the KRONOS MMR Energy System

    The KRONOS MMR Energy System would be the first advanced microreactor built and operated on a U.S. university campus and will serve as a national platform for research, training, and demonstration. It would also become a centerpiece of U. of I.’s energy innovation initiatives, providing the university with clean, resilient energy while training the next generation of nuclear professionals.

    “NANO Nuclear is doing what others are still planning—we are executing,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “The NRC’s approval of the FQM TR is more than a regulatory milestone; it’s a launchpad for reliable, deployable, and efficient nuclear power in the U.S. and beyond.”

    About The Grainger College of Engineering at U. of I.

    The Grainger College of Engineering at the University of Illinois Urbana-Champaign is one of the world’s top-ranked engineering institutions, and a globally recognized leader in engineering education, research and public engagement. With a diverse, tight-knit community of faculty, students and alumni, Grainger Engineering sets the standard for excellence in engineering, driving innovation in the economy and bringing revolutionary ideas to the world. Through robust research and discovery, our faculty, staff, students and alumni are changing our world and making advances once only dreamed about, including the MRI, LED, ILIAC, Mosaic, YouTube, flexible electronics, electric machinery, miniature batteries, imaging the black hole and flight on Mars. The world’s brightest minds from The Grainger College of Engineering tackle today’s toughest challenges. And they are building a better, cooler, safer tomorrow.

    Visit https://grainger.illinois.edu for more information.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMREnergy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statement relate to the NANO Nuclear’s development, demonstration, licensing and commercial plans for the KRONIS MMR, each as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE, the Canadian Nuclear Safety Commission (CNSC) and the U.S. Nuclear Regulatory Commission (NRC), and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network

  • MIL-OSI: Sonor Investments Limited Reports Financial Results for the Year Ended December 31, 2024 and Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 22, 2025 (GLOBE NEWSWIRE) — Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial results for the year ended December 31, 2024 and the three months ended March 31, 2025.

      Year ended December 31 3 months ended March 31
      2024 2023 2025 2024
      $000 $000 $000 $000
             
    Revenue 5,710 5,322 522 614
             
    Income before taxes 4,854 4,592 339 261
             
             
             

    Michael Gardiner, Chairman and CEO stated that as at March 31, 2025, the Company’s assets totaled $60.3 million compared to $63.9 million as at December 31, 2024. These assets as at March 31, 2025 included $13.2 million of marketable securities, $35.6 million in a private investment and $11.5 million of cash and cash equivalents.

    During the year ended December 31, 2024, the Company realized $397,000 in net capital gains on the sale of investments and recorded no impairments on its security investments. This compares to net capital gains of $53,000 on the sale of investments during the year ended December 31, 2023. During the three months ended March 31, 2025, the Company realized capital gains on the sale of investments of $61,000 and unrealized gains on investments of $182,000.

    During the period under review, the Company has maintained net assets and qualified investments in excess of the amounts prescribed under the share conditions pertaining to the First Preference Shares in its capital stock.        

    The Company announces that a semi-annual eligible dividend of $0.225 per share on the Company’s 9% First Preference Shares has been declared payable on September 15, 2025 at a meeting of its Board of Directors. The dividend will be paid to shareholders of record at the close of business on September 2, 2025.

    Sonor Investments Limited is an investment company located in Toronto, Canada. The First Preference Shares of Sonor trade on The TSX Venture Exchange under the symbol SNI.PR.A.

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI Global: Trump’s Greenland plan glosses over a history of segregation and discrimination for Indigenous Alaskans

    Source: The Conversation – UK – By Andrew Gawthorpe, Lecturer in History and International Studies, Leiden University

    Donald Trump has wanted America to annex Greenland for a long time. He now has a concrete plan to do it. As reported by the New York Times, the president’s National Security Council has instructed several government departments to get to work on acquiring the island.

    Trump has made it clear that the use of military force remains on the table. But, at least for now, it seems the plan will rely mostly on persuasion.

    The first component is a coordinated advertising and social media campaign aimed at convincing Greenlanders that their future lies under the stars and stripes. The administration plans to tell the island’s residents that they will be more prosperous and more secure as part of the US.

    Driving that message home will be an uphill struggle. A poll in January 2025 found that 85% of Greenlanders oppose the idea of being annexed by the US. A parliamentary election in March also showed little support for it. The best-performing party was the pro-business Demokraatit, which wants to slow walk changes to Greenland’s international status.

    To overcome this resistance, the Trump administration is reportedly planning to appeal to shared ethnic and cultural ties between Inuit Greenlanders, who make up about 88% of the island’s population, and Indigenous peoples in the US state of Alaska. Greenlanders are likely to question that approach for a number of reasons.

    These ties are not completely imaginary. Greenland Inuit are descended from the Thule people, who migrated from Alaska around 1,000 years ago. There are similarities between the languages of Alaskan and Greenland Inuit.

    But these people have been separated by 2,000 miles for centuries, and in the interim have been shaped by their divergent histories. Though their languages are similar, they are generally not mutually intelligible.

    One of the main factors separating Alaskan and Greenland Inuit is their separate colonial histories. Greenland was colonised by Denmark, and Alaska by the US. The details of this colonial history are likely to give Greenlanders pause.

    Alaska became a US state in 1959. Before then, it was a territory – a colonial holding similar to Puerto Rico or Guam today. During its time as a territory, the US government and white settlers treated Alaska’s Indigenous people with a mixture of disinterest and malice.

    Until discrimination was outlawed by a state law in 1945, Indigenous Alaskans lived in a system of segregation and limited rights similar to the “Jim Crow” policies of the southern US. Indigenous Alaskans, like African Americans in the southern states, were not guaranteed the right to vote, and “whites only” signs were commonplace in businesses.

    During the second world war, the US government feared a Japanese attack on the Aleutian islands, which form part of Alaska. As a result, it forcibly evacuated the Indigenous population, burning their villages to prevent invading Japanese troops from using them as housing. Evacuees were forced to live in unsanitary camps on the mainland for years, where more than one in ten died.

    The US government justified this as a geopolitical necessity. But given that great power politics is also behind its drive to control Greenland, the island’s residents should question whether their rights will be respected if they conflict with another perceived geopolitical necessity.

    Buying favour

    Another plank of the Trump administration’s plan is financial. The White House apparently wants to replace the subsidy that Greenland currently receives from Denmark with a payment of US$10,000 (£7,600) per resident. It’s not clear if this money is intended to go directly to the population, or to the island’s central government.

    This works out at just over US$568 million (£429 million) a year. If it’s a subsidy for the central government, then it’s slightly less than the island currently receives from Denmark. And if it’s a payment directly to the population, then it’s unclear how public services on the island would be funded.

    Here again, a look at the experience of Indigenous Alaskans is instructive. Indigenous Alaskans, who receive various US government services through the Bureau of Indian Affairs, have a much higher poverty rate than the general population, lower rates of health coverage and worse educational outcomes.

    They also generally don’t live as long. According to the most recent figures, the life expectancy for Indigenous Alaskans is 70.4 years – much lower than the statewide average of 74.5.

    Economic development – or, perhaps more accurately, exploiting Greenland’s natural resources – is also part of Trump’s plan. Trump is apparently interested in Greenland’s “rare earth minerals, copper, gold, uranium and oil”.

    Greenland does indeed have vast mineral wealth. But it is unclear if it can be safely accessed in the island’s current inhospitable environment.

    Such resource extraction could also easily lead to environmental damage, as it has done in Alaska. In 1989, for example, the Exxon Valdez oil supertanker spilled more than 10 million gallons of crude oil in Alaska’s Prince William Sound.

    Meanwhile, without strong regulation and taxation, the wealth generated could easily accrue to corporations rather than Greenlanders.

    There is a long history of colonising powers claiming that only they, rather than “the natives”, can deliver prosperity and progress to a country. Trump’s plan, which tries to turn the experience of Indigenous Alaskans into one that Greenlanders should want to emulate, fits squarely into this genre.

    But the history of US involvement in Alaska and its treatment of Indigenous Alaskans gives lie to that story. For Greenlanders to trade their sovereignty to the US in return for a guarantee of prosperity and security would be a risky gamble indeed.

    Andrew Gawthorpe does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Trump’s Greenland plan glosses over a history of segregation and discrimination for Indigenous Alaskans – https://theconversation.com/trumps-greenland-plan-glosses-over-a-history-of-segregation-and-discrimination-for-indigenous-alaskans-254418

    MIL OSI – Global Reports

  • MIL-OSI: Ecobat’s Seculene Sets New Flame-Retardant Standards for Recycled Polypropylene

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 22, 2025 (GLOBE NEWSWIRE) — Ecobat, a global leader in sustainable energy solutions, today announced that its proprietary Seculene line of high-performance recycled polypropylene (PP) compounds was named a finalist in the prestigious Plastics Recycling Awards Europe (PRAE). The recognition marks a major milestone for Seculene, affirming its role as a trailblazing solution in the circular economy and in advanced polymer engineering.

    Developed in-house by Ecobat and produced entirely from 100% post-consumer waste, Seculene represents a leap forward in recycled plastic technology. With over a decade of expertise behind its development, Seculene has been engineered to rival, and in many cases exceed, the performance of virgin polypropylene—delivering both environmental and functional excellence across demanding industrial applications.

    “Our Seculene polypropylene, derived entirely from post-consumer recycled materials, is a high-quality alternative to virgin polymers,” said Erich Esser, Vice President of Global Polypropylene and Managing Director for Ecobat Resources Germany/Austria. “This achievement reflects years of investment in innovation, resulting in materials that meet the highest industry standards for safety, reliability, and sustainability. Our flame-retardant grades, in particular, represent a new frontier in circular materials technology.”

    Flame-Retardant Innovation That Raises the Bar

    At the heart of Seculene’s PRAE recognition is its flame-retardant variant—the only recycled polypropylene compound certified to UL 94 V0 (Yellow Card) standards. In fire exposure scenarios, this grade forms a protective foam layer that insulates and protects internal components, making it ideal for high-risk environments such as e-bike battery housings and electrical enclosures.

    This advanced fire safety performance, combined with Seculene’s virgin-like density, impact strength, and processability, positions Ecobat at the intersection of circular economy leadership and technical material excellence.

    Automotive-Grade Materials Backed by Industry Validation

    In another major milestone, Ecobat recently secured DBL 1000 approval for its glass-fiber-reinforced Seculene (with 35% glass fiber content), certifying the compound for automotive interior use. A leading German automotive supplier has already adopted this grade for precision control unit housings—validating Seculene’s consistency and structural integrity under real-world manufacturing conditions.

    This recognition underscores the growing demand for high-performance, sustainable alternatives in the automotive sector, where lightweighting, durability, and environmental accountability are increasingly essential.

    Built for Versatility and Circularity

    Seculene is available in over 30 specialized grades tailored to a wide range of use cases—from UV-stabilized components for outdoor applications to mineral-filled variants designed for increased rigidity. Engineered for injection molding, extrusion, and other processing techniques, Seculene enables seamless integration into modern manufacturing environments.

    Use cases span automotive parts (wheel arch liners, cable conduits), electrical components, industrial systems, and consumer goods—making it one of the most versatile recycled polypropylene lines available on the market today.

    Every Seculene batch is manufactured at Ecobat’s recycling facilities, where closed-loop systems minimize waste and reduce energy use. These plants employ rigorous sorting, cleaning, and compounding processes to ensure material purity, consistent melt flow rates, and mechanical properties that meet or exceed industry benchmarks.

    Driving Toward a Circular Future

    The recognition by PRAE not only affirms the quality and innovation of Seculene, but also highlights Ecobat’s broader mission to lead the global transition to a circular economy. By replacing virgin polymers with 100% recycled alternatives, Seculene significantly reduces the environmental footprint of plastic-intensive industries while enabling compliance with rising regulatory and sustainability demands.

    About Ecobat
    With operations throughout Europe and the United States, Ecobat is a leader in the collection, recycling, production and distribution of energy storage solutions, lead and polypropylene products. Ecobat is now applying its global capability, infrastructure, and market knowledge towards recycling lithium-ion battery materials. For more information on how we are transforming energy storage, visit www.ecobat.com.

    Media Contact:
    Chelsey Berend
    Press@Ecobat.com  
    1-888-317-4687 ext. 703

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4e61f4d9-c65c-48e8-98e2-fbec8c0acdf2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe4dfdec-0ee5-42b7-8f6a-64d8d2eefa31

    The MIL Network