Category: Russian Federation

  • MIL-OSI Russia: Xi Jinping signs decree on awarding some military units and individuals /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — Chairman of the Central Military Commission Xi Jinping signed an order recognizing the achievements of two military units and five individuals.

    One of the organs of the People’s Liberation Army (PLA) Unit 63920 was awarded the First Class Merit Award. Ding Yang of the PLA Unit 92853 was awarded the First Class Merit Award in Defense Science and Technology.

    PLA Unit 96712 was awarded the Second Class Merit Award.

    Wang Haidou of the former Army Armored Academy, Gao Yuqi of the Army Medical University, Yang Zichun of the Naval Engineering University and Chen Wei of the Institute of Military Medicine under the Academy of Military Sciences were each awarded third-class merits in defense science and technology. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: China Southern Airlines and Air Astana have entered into a codeshare agreement

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — China Southern Airlines and Air Astana officially signed a codeshare agreement on Tuesday, according to a statement on the website of the Guangzhou-based Chinese carrier.

    The entry into force of the document, as stated by China Southern Airlines, will provide more convenience to passengers of both countries.

    The agreement envisages the joint operation of a number of air routes between China and Kazakhstan. These include the routes opened by China Southern Airlines Guangzhou-Almaty, Beijing /Daxing/-Almaty, Urumqi-Almaty, Xi’an-Almaty, Guangzhou-Astana, Urumqi-Astana and the routes opened by Air Astana Almaty-Beijing /Shoudu/, Almaty-Urumqi, Almaty-Guangzhou, Astana-Beijing /Shoudu/.

    China Southern Airlines is paying increased attention to the Kazakh market and plans to further increase the frequency of flights between the two countries through cooperation with Air Astana, said its CEO Han Wensheng.

    Air Astana Chief Executive Officer Peter Foster noted that China has always been a strategically important market for Air Astana.

    The new step in cooperation taken by Air Astana and China Southern Airlines will help strengthen the airline’s position in the Chinese market and open a new page in the annals of cooperation between the airlines of both countries, he believes.

    The conclusion of the code-share agreement has created a new paradigm for aviation cooperation between China and Kazakhstan and will effectively promote the development of bilateral ties in trade, tourism and humanitarian exchanges, China Southern Airlines noted. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Xi Jinping signs decree on awarding some military units and individuals /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — Chairman of the Central Military Commission Xi Jinping signed an order recognizing the achievements of two military units and five individuals.

    One of the organs of the People’s Liberation Army (PLA) Unit 63920 was awarded the First Class Merit Award. Ding Yang of the PLA Unit 92853 was awarded the First Class Merit Award in Defense Science and Technology.

    PLA Unit 96712 was awarded the Second Class Merit Award.

    Wang Haidou of the former Army Armored Academy, Gao Yuqi of the Army Medical University, Yang Zichun of the Naval Engineering University and Chen Wei of the Institute of Military Medicine under the Academy of Military Sciences were each awarded third-class merits in defense science and technology. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: China Southern Airlines and Air Astana have entered into a codeshare agreement

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — China Southern Airlines and Air Astana officially signed a codeshare agreement on Tuesday, according to a statement on the website of the Guangzhou-based Chinese carrier.

    The entry into force of the document, as stated by China Southern Airlines, will provide more convenience to passengers of both countries.

    The agreement envisages the joint operation of a number of air routes between China and Kazakhstan. These include the routes opened by China Southern Airlines Guangzhou-Almaty, Beijing /Daxing/-Almaty, Urumqi-Almaty, Xi’an-Almaty, Guangzhou-Astana, Urumqi-Astana and the routes opened by Air Astana Almaty-Beijing /Shoudu/, Almaty-Urumqi, Almaty-Guangzhou, Astana-Beijing /Shoudu/.

    China Southern Airlines is paying increased attention to the Kazakh market and plans to further increase the frequency of flights between the two countries through cooperation with Air Astana, said its CEO Han Wensheng.

    Air Astana Chief Executive Officer Peter Foster noted that China has always been a strategically important market for Air Astana.

    The new step in cooperation taken by Air Astana and China Southern Airlines will help strengthen the airline’s position in the Chinese market and open a new page in the annals of cooperation between the airlines of both countries, he believes.

    The conclusion of the code-share agreement has created a new paradigm for aviation cooperation between China and Kazakhstan and will effectively promote the development of bilateral ties in trade, tourism and humanitarian exchanges, China Southern Airlines noted. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI China: Russia’s Klyuchevskaya Sopka volcano erupts after major earthquake

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

    A damaged kindergarten is pictured after earthquake in Petropavlovsk-Kamchatka, Russia, July 30, 2025. Russia’s Far Eastern Kamchatka Peninsula was hit by a magnitude 8.7 earthquake, the strongest since 1952, according to the Kamchatka branch of the Geophysical Service of the Russian Academy of Sciences. [Government of Kamchatka Territory/Handout via Xinhua]

    The Klyuchevskaya Sopka volcano is erupting in Kamchatka following a major earthquake in the region, the Kamchatka Branch of the Russian Academy of Sciences’ (RAS) Geophysical Service said in a Wednesday Telegram post.

    “Right now, the Klyuchevskaya Sopka is erupting,” the RAS branch reported, with the message accompanied by a photo of the volcanic eruption.

    Also, scientists are tracking flows of incandescent lava down the western slope. Currently, explosions and intense glowing are visible above the volcano. Footage has been published on the Geophysical Service’s Telegram channel.

    Earlier in the day, an 8.8-magnitude earthquake struck offshore Kamchatka, the strongest in the region since 1952.

    Klyuchevskaya Sopka stands 4,850 meters above sea level, making it Eurasia’s highest active volcano. It forms a symmetrical cone with a summit crater approximately 700 meters in diameter. Its slopes contain around 80 secondary explosion craters and cinder cones.

    The volcano lies 30 km from the settlement of Klyuchi in the Ust-Kamchatsky District, where roughly 4,500 people reside. Its last eruption was in April 2025.

    MIL OSI China News

  • MIL-OSI Europe: Minister for Climate and the Environment Romina Pourmokhtari attends 68th IAEA General Conference in Vienna on 17 September

    Source: Government of Sweden

    On 17 September, Minister for Climate and the Environment Romina Pourmokhtari is attending the International Atomic Energy Agency (IAEA) General Conference. Sweden’s participation is focused on highlighting Sweden’s new nuclear energy policy in the international arena, and also the consequences of Russia’s full-scale invasion for Ukraine.

    MIL OSI Europe News

  • MIL-OSI Europe: Fourteenth sanctions package against Russia adopted

    Source: Government of Sweden

    The EU has adopted its fourteenth sanctions package against Russia in response to Russia’s war of aggression against Ukraine. The sanctions aim to further limit the Russian state’s revenues and Russia’s capacity to wage war, and they are an important part of the EU’s support for Ukraine. The new package includes stricter measures targeting the shadow fleet and imports of Russian liquefied natural gas (LNG).

    MIL OSI Europe News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 31, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 31, 2025.

    5 reasons why wind farms are costing more in Australia – and what to do about it
    Source: The Conversation (Au and NZ) – By Magnus Söderberg, Professor and Director, Centre for Applied Energy Economics and Policy Research, Griffith University Saeed Khan/Getty Building a solar farm in Australia is getting about 8% cheaper each year as panel prices fall and technology improves, according to an official new report. Battery storage costs are

    Sporty spice: how romance fiction is adding a new dynamic to sports fandom
    Source: The Conversation (Au and NZ) – By Kasey Symons, Lecturer of Communication, Sports Media, Deakin University Sports fans might love their teams, cheer or curse each game’s result and admire their favourite athletes, but we rarely associate sports with romance. However, that may be slowly changing thanks to the recent spike in the popularity

    Just as NZ began collecting meaningful data on rainbow communities, census changes threaten their visibility
    Source: The Conversation (Au and NZ) – By Lori Leigh, Research Fellow in Public Health, University of Otago Getty Images New Zealand’s 2023 census was the first to collect data on gender identity and sexual orientation, showing one in 20 adults identify as LGBTQIA+. But just as reports from this more inclusive census are being

    Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?
    Source: The Conversation (Au and NZ) – By Uri Gal, Professor in Business Information Systems, University of Sydney Imaginima / Getty Images AI is on the agenda in Canberra. In August, the Productivity Commission will release an interim report on harnessing data and digital technology such as AI “to boost productivity growth, accelerate innovation and

    Progress on Closing the Gap is stagnant or going backwards. Here are 3 things to help fix it
    Source: The Conversation (Au and NZ) – By Madeleine Pugin, Research Fellow, School of Government and International Relations, Griffith University The Productivity Commission’s latest data on Closing the Gap progress represents an unsurprisingly grim overview of the socioeconomic inequalities experienced by Aboriginal and Torres Strait Islander peoples. Closing the Gap is the plan federal and

    More than 2 in 5 young Australians are lonely, our new report shows. This is what could help
    Source: The Conversation (Au and NZ) – By Michelle H. Lim, Associate Professor, Sydney School of Public Health, University of Sydney Oliver Rossi/Getty Images Loneliness is not a word often associated with young people. We tend to think of our youth as a time spent with family, friends and being engaged with school and work

    How migrant business owners turn their identity into an asset, despite some bumps along the way
    Source: The Conversation (Au and NZ) – By Shea X. Fan, Associate Professor, Human Resource Management, Deakin University Odua Images/Shutterstock Too often, it’s anti-immigration sentiment dominating headlines in Australia. But a quieter story is going untold. Migrants are not just fitting into Australian society, they’re actively reshaping it through entrepreneurship. Starting a business is difficult

    The Man from Hong Kong at 50: how the first ever Australian–Hong Kong co-production became a cult classic
    Source: The Conversation (Au and NZ) – By Gregory Ferris, Senior Lecturer, Media Arts & Production, University of Technology Sydney LMPC via Getty Images A cinematic firecracker of a film exploded onto international screens 50 years ago this week, blending martial arts mayhem, Bond-esque set pieces, casual racism – and a distinctly Australian swagger. From

    Rules for calculating climate risk in financial reporting by NZ businesses need revisiting – new research
    Source: The Conversation (Au and NZ) – By Martien Lubberink, Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington Andrew MacDonald/Getty Images The recent International Court of Justice (ICJ) decision on climate action marked a significant step forward in formalising an idea many already accept: climate inaction is not merely

    Climate justice victory at the ICJ – the student journey from USP lectures to The Hague
    By Vahefonua Tupola in Suva The University of the South Pacific (USP) is at the heart of a global legal victory with the International Court of Justice (ICJ) delivering a historic opinion last week affirming that states have binding legal obligations to protect the environment from human-induced greenhouse gas emissions. The case, hailed as a

    Climate justice victory at the ICJ – the student journey from USP lectures to The Hague
    By Vahefonua Tupola in Suva The University of the South Pacific (USP) is at the heart of a global legal victory with the International Court of Justice (ICJ) delivering a historic opinion last week affirming that states have binding legal obligations to protect the environment from human-induced greenhouse gas emissions. The case, hailed as a

    Kamchatka earthquake is among top 10 strongest ever recorded. Here’s what they have in common
    Source: The Conversation (Au and NZ) – By Dee Ninis, Earthquake Scientist, Monash University Today at about 11:30am local time, a magnitude 8.8 earthquake struck off the coast of Russia’s Kamchatka Peninsula in the country’s far east. Originating at a depth of roughly 20 kilometres, today’s powerful earthquake – among the ten strongest in recorded

    Kamchatka earthquake is among top 10 strongest ever recorded. Here’s what they have in common
    Source: The Conversation (Au and NZ) – By Dee Ninis, Earthquake Scientist, Monash University Today at about 11:30am local time, a magnitude 8.8 earthquake struck off the coast of Russia’s Kamchatka Peninsula in the country’s far east. Originating at a depth of roughly 20 kilometres, today’s powerful earthquake – among the ten strongest in recorded

    Tsunami warnings are triggering mass evacuations across the Pacific – even though the waves look small. Here’s why
    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor and Principal Fellow in Urban Risk and Resilience, The University of Melbourne Last night, one of the ten largest earthquakes ever recorded struck Kamchatka, the sparsely populated Russian peninsula facing the Pacific. The magnitude 8.8 quake had its epicentre in the sea just

    NAPLAN is just one test. Here’s what to do if your child’s results were in the bottom bands
    Source: The Conversation (Au and NZ) – By Sally Larsen, Senior Lecturer in Education, University of New England Rawpixel/ Getty Images The latest round of NAPLAN results are out, along with a string of news reports about “students falling behind” and “failing”, and experts sounding the “alarm” about school progress. In March, all Australian students

    Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?
    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney Doublelee/Shutterstock Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August. The Australian Bureau of Statistics released the June quarter

    With the UK and France moving toward recognising Palestine, will Australia now follow suit?
    Source: The Conversation (Au and NZ) – By Donald Rothwell, Professor of International Law, Australian National University One of the smallest and most exclusive clubs in the world belongs to states. The US Department of State puts the number of independent recognised states at 197, while others count 200. The United Nations, meanwhile, has 193

    With the UK and France moving toward recognising Palestine, will Australia follow suit?
    Source: The Conversation (Au and NZ) – By Donald Rothwell, Professor of International Law, Australian National University One of the smallest and most exclusive clubs in the world belongs to states. The US Department of State puts the number of independent recognised states at 197, while others count 200. The United Nations, meanwhile, has 193

    An underwater observatory keeping the pulse of the Southern Ocean for nearly 30 years yields fresh results
    Source: The Conversation (Au and NZ) – By Christopher Traill, PhD Candidate Southern Ocean biogeochemistry, University of Tasmania Elizabeth Shadwick In a world affected by climate change, the Southern Ocean plays an outsized role. It absorbs up to 40% of the human-caused emissions taken up by the oceans while also being home to some of

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Europe: Sweden provides SEK 75 million to UNESCO to rebuild schools and preschools in Ukraine

    Source: Government of Sweden

    The education sector in Ukraine has been severely affected by Russia’s full-scale invasion. Since February 2022, more than 3 000 preschools, schools and other educational establishments have been damaged, and 360 have been completely destroyed. Sweden is now providing SEK 75 million to the UNESCO Emergency Fund. The Fund is, among other things, supporting renovation and reconstruction of damaged and destroyed shelters in preschools and schools.

    MIL OSI Europe News

  • MIL-OSI Economics: New Development Bank and SANRAL sign ZAR7 billion loan agreement for South Africa Roads Infrastructure

    Source: New Development Bank

    Johannesburg, South Africa – on July 22, 2025, The New Development Bank (NDB) and the South African National Roads Agency Soc Limited (SANRAL) have today signed a landmark loan agreement worth ZAR7 billion to finance the rehabilitation and expansion of key national road segments. This strategic partnership reflects a shared commitment to modernizing South Africa’s transport infrastructure, reducing logistics costs, and boosting economic growth.

    The loan agreement will fund critical upgrades including the widening of highways, rehabilitation of bridges, and improvement of intersections along major freight corridors. These infrastructure enhancements are expected to significantly reduce travel times, improve road safety, and facilitate smoother movement of goods and people across the country.

    To optimise financial efficiency, the loan is denominated in South African Rand (ZAR), which helps reduce debt financing charges by mitigating currency risk and aligning repayment obligations with local revenue streams.

    South Africa’s transport sector plays a vital role in the national economy, and efficient road networks are essential for supporting trade, tourism, and job creation. By investing in the modernization of its road infrastructure, SANRAL aims to lower transportation costs for the majority of road users in South Africa, enhance connectivity between urban and rural areas, and stimulate inclusive economic development.

    This financing aligns with the New Development Bank’s mission to support sustainable infrastructure projects that foster regional integration and economic resilience. As Mr. Monale Ratsoma, Chief Financial Officer, explained, “This loan agreement with SANRAL demonstrates the New Development Bank’s commitment to partnering with South Africa in building resilient and efficient infrastructure that drives economic transformation. We are proud to support projects that will improve the quality of life for millions of South Africans.”

    From SANRAL’s perspective, Reginald Demana, Chief Executive Officer, emphasised, “The investment from the New Development Bank is a vital step towards upgrading our national road network. It will enable us to deliver safer, more reliable roads that underpin economic growth and social development.

    The signing ceremony took place in Johannesburg at NDB’s Africa Regional Office and was attended by senior officials from both organisations, highlighting the strong cooperation between the New Development Bank and South African government agencies.
    Background Information

    New Development Bank

    NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

    For more information on NDB, please visit www.ndb.int

    South African National Roads Agency LTD

    The South African National Roads Agency (SANRAL) is an independent, statutory company. South Africa’s Ministry of Transport is the sole shareholder and owner of SANRAL. Its mandate focuses on building and maintaining roads to enhance connectivity and development in South Africa.

    MIL OSI Economics

  • US President Trump confirms India-US trade talks continue despite 25 per cent tariff threat

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump has said that India and the US were still negotiating a trade deal despite his threat to impose a 25 per cent tariff, and a final decision may be known by the end of the week.

    “We’re talking to India now, we’ll see what happens,” he said on Wednesday, hours after he had threatened the 25 per cent tariffs and the 100 per cent penalty for buyers of Russian energy he had proposed. He said that India, which he asserted has one of the highest tariffs in the world, was now “willing to cut it very substantially.”

    However, he was silent on the Russian penalty when asked by a reporter and instead spoke of the 10 per cent penalty he had proposed for BRICS members.

    Since he says negotiations are continuing, the morning threat appears to be a negotiating ploy and gives both countries wiggle room to reach an accord. He has also not issued a formal letter on the tariffs.

    India had replied defiantly to the threat, saying the government “will take all steps necessary to secure our national interest.” India indicated that agriculture was likely a sticking point in the negotiations.

    The statement said, “The government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs (Micro, Small, and Medium Enterprises).” The US wants India to open its markets to US agriculture and dairy, which could impact its vast agriculture sector.

    Trump and his officials, like Commerce Secretary Howard Lutnick, had spoken optimistically that India would be among the first to make a deal, but it hasn’t materialised. India was among the first countries to start trade negotiations with Washington on tariffs, and Trump had repeatedly said that an agreement was imminent, most recently last week.

    The negotiations were making fantastic progress, India’s Commerce Minister Piyush Goyal said last week in a media interview in London. “I do hope we’ll be able to conclude a very consequential partnership,” he said.

    In its response, India’s Commerce Ministry said, “India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months.”

    “We remain committed to that objective,” it added. Speaking to reporters at the White House, Trump called Prime Minister Narendra Modi “a friend of mine,” as he usually prefaces differences on tariffs.

    He said, nonchalantly, “It doesn’t matter too much whether we have a deal or whether we charge them a certain tariff, but you’ll know at the end of this week.”

    He repeated his tirade about India’s high tariffs, saying that while the US buys a lot from India, the US doesn’t sell as much there because of the tariffs. India had the highest or one of the highest tariffs in the world, with levies going as high as 175 per cent, he said.

    When a reporter asked him about the penalty for buying Russian energy, he did not answer that and, instead, veered off into talking about BRICS and how it was “anti-United States.” “India is a member of that, if you can believe it,” he said.

    “It’s an attack on the dollar, and we’re not going to let anybody attack the dollar,” he said. So, when it comes to India, he said, “It’s partially BRICS, and it’s partially the trade.”

    In the Truth Social post, Trump had said India has “always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine.”

    “All things not good! India will therefore be paying a tariff of 25 per cent, plus a penalty for the above, starting on August first,” he wrote, capitalising parts of the post in his style. (IANS)

  • MIL-OSI Europe: Focus on children at high-level meeting on protecting and supporting children in Ukraine

    Source: Government of Sweden

    Support to Ukraine is the most important priority during the Swedish Presidency of the Council of the EU. On 1–2 June, the Swedish Presidency held a high-level meeting on protecting children to highlight how Ukrainian children have been affected by Russia’s aggression, and to discuss what EU Member States can do to respond to their needs. A very large number of Member States signed a declaration at the meeting.

    MIL OSI Europe News

  • MIL-OSI Europe: Protecting and helping children a new step in Sweden’s support to Ukraine

    Source: Government of Sweden

    Over seven million people in Ukraine have been forced to leave their homes and seek temporary protection from Russia’s aggression, both within Ukraine and in other European countries. The overwhelming majority are women and children. Children are often among the most vulnerable in war and conflict. Sweden and Ukraine have now entered into a cooperation agreement to continue supporting and protecting children.

    MIL OSI Europe News

  • MIL-OSI: ING posts 2Q2025 net result of €1,675 million, with strong growth in lending volumes and fee income

    Source: GlobeNewswire (MIL-OSI)

    ING posts 2Q2025 net result of €1,675 million, with strong growth in lending volumes and fee income

     
    2Q2025 profit before tax of €2,369 million with a CET1 ratio of 13.3%
    Well on track to reach our targets, one year into our ‘Growing the difference’ strategy
    Continued strong increase in mobile primary customers of over 300,000 to 14.9 million
    Resilient total income, supported by higher customer balances, with particularly strong growth of our mortgage portfolio
    Further growth in fee income in both Retail and Wholesale Banking, up 12% year-on-year
    ING will pay an interim cash dividend of €0.35 per ordinary share
     

    CEO statement
    “During the second quarter of 2025, we have continued to successfully execute our strategy, which we set out one year ago, by accelerating growth, increasing impact and delivering value,” said Steven van Rijswijk, CEO of ING. “The quarter started with heightened market volatility, as well as macroeconomic and geopolitical uncertainty, which still continue to this day. In that context, we are pleased that our customer base has shown significant growth and that our volumes have increased as we further diversified our income streams, with fees now making up almost 20% of our total income. We are well on track to reach our financial targets for 2027.

    “We have seen continued commercial momentum, with significant core lending growth, continued strong deposit gathering and a double-digit increase in fee income. Commercial NII declined year-on-year due to margin pressure and currency fluctuations, leaving total income stable.

    “In Retail Banking, we have gained over 300,000 mobile primary customers during the quarter, and 1.1 million, or 8% growth, year-on-year, with Germany, Spain, Italy, and Romania leading this growth. Net core lending growth has reached a quarterly record of €11.3 billion, including €7.2 billion in mortgages, mainly in the Netherlands, Australia and Germany, and €3.2 billion in Business Banking, driven by higher loan demand from our SME clients. We have attracted €8.9 billion in net customer deposits, partly from seasonal holiday allowances, and achieved a 12% increase year-on-year in retail fee income, primarily from higher investment activity.

    “In Wholesale Banking, net core lending growth was €4.1 billion, driven by strong momentum in Working Capital Solutions and in short-term trade-related financing. Demand for long-term corporate loans has remained subdued due to economic uncertainty, which impacted total income. Fee income has risen 12% year-on-year, driven by Lending, Global Capital Markets and Payments & Cash Management.

    “Costs have developed as expected, increasing moderately year-on-year. Prudent expense management remains a priority and the impact of inflation and investments was partly offset by efficiency measures. As part of this, we are making ongoing improvements to our KYC processes and we have announced the restructuring of our Wholesale Banking workforce, while continuing to invest in our commercial and product capabilities in both Retail and Wholesale Banking.

    “Risk costs were below our through-the-cycle average, reflecting the quality of our loan portfolio. Our CET1 ratio was 13.3%, including the impact of the share buyback programme, which was announced in May 2025 and is well underway. Our 4-quarter rolling average return on equity came out at 12.7%.

    “We continue to find ways to support our customers on their journeys to net zero. We have increased our sustainable volume mobilised to €67.8 billion for the first half of 2025, a 19% increase compared to the first half of 2024. In the Netherlands, we have introduced a new mortgage pricing model tied to energy labels that offers lower interest rates when eligible customers improve the energy label for their homes.

    “We are pleased with our results during a volatile first half of 2025. Although macroeconomic conditions remain challenging we are confident that our strategy sets us on course to become the best European bank and deliver on our targets. I want to thank our customers and clients for their continued trust in us and our employees for their continued dedication.”

     
    Further information
    All publications related to ING’s 2Q 2025 results can be found at the quarterly results page on ING.com.
    For more on investor information, go to www.ing.com/investors.

    A short ING ON AIR video with CEO Steven van Rijswijk discussing our 2Q 2025 results is available on Youtube.
    For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news feed on X. Photos of ING operations, buildings and our executives are available for download at Flickr.

     
    Investor conference call and webcast
    Steven van Rijswijk, Tanate Phutrakul and Ljiljana Čortan will discuss the results in an Investor conference call on 31 July 2025 at 9:00 a.m. CET. Members of the investment community can join the conference call at +31 20 708 5074 (NL), or +44 330 551 0202 (UK) (registration required via invitation) and via live audio webcast at www.ing.com.
     
    Investor enquiries
    E: investor.relations@ing.com

    Press enquiries
    T: +31 20 576 5000
    E: media.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 June 2025, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’ with an ESG risk rating of 18.0 (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.

    Attachment

    The MIL Network

  • MIL-Evening Report: The Muslim world has been strong on rhetoric, short on action over Gaza and Afghanistan

    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Australian National University

    When it comes to dealing with two of the biggest current crises in the Muslim world – the devastation of Gaza and the Taliban’s draconian rule in Afghanistan – Arab and Muslim states have been staggeringly ineffective.

    Their chief body, the Organisation of Islamic Cooperation (OIC), in particular, has been strong on rhetoric but very short on serious, tangible action.

    The OIC, headquartered in Saudi Arabia, is composed of 57 predominantly Muslim states. It is supposed to act as a representative and consultative body and make decisions and recommendations on the major issues that affect Muslims globally. It calls itself the “collective voice of the Muslim world”.

    Yet the body has proved to be toothless in the face of Israel’s relentless assault on Gaza, triggered in response to the Hamas attacks of October 7 2023.

    The OIC has equally failed to act against the Taliban’s reign of terror in the name of Islam in ethnically diverse Afghanistan.

    Many strong statements

    Despite its projection of a united umma (the global Islamic community, as defined in my coauthored book Islam Beyond Borders), the OIC has ignominiously been divided on Gaza and Afghanistan.

    True, it has condemned Israel’s Gaza operations. It’s also called for an immediate, unconditional ceasefire and the delivery of humanitarian aid to the starving population of the strip.

    It has also rejected any Israeli move to depopulate and annex the enclave, as well as the West Bank. These moves would render the two-state solution to the long-running Israeli–Palestinian conflict essentially defunct.

    Further, the OIC has welcomed the recent joint statement by the foreign ministers of 28 countries (including the United Kingdom, many European Union members and Japan) calling for an immediate ceasefire in Gaza, as well as France’s decision to recognise the state of Palestine.

    The OIC is good at putting out statements. However, this approach hasn’t varied much from that of the wider global community. It is largely verbal, and void of any practical measures.

    What the group could do for Gaza

    Surely, Muslim states can and should be doing more.

    For example, the OIC has failed to persuade Israel’s neighbouring states – Egypt and Jordan, in particular – to open their border crossings to allow humanitarian aid to flow into Gaza, the West Bank or Israel, in defiance of Israeli leaders.

    Nor has it been able to compel Egypt, Jordan, the United Arab Emirates, Bahrain, Sudan and Morocco to suspend their relations with the Jewish state until it agrees to a two-state solution.

    Further, the OIC has not adopted a call by Malaysian Prime Minister Anwar Ibrahim and the United Nations special rapporteur on Palestinian territories, Francesca Albanese, for Israel to be suspended from the UN.

    Nor has it urged its oil-rich Arab members, in particular Saudi Arabia and the UAE, to harness their resources to prompt US President Donald Trump to halt the supply of arms to Israel and pressure Israeli Prime Minister Benjamin Netanyahu to end the war.

    Stronger action on Afghanistan, too

    In a similar vein, the OIC has failed to exert maximum pressure on the ultra-extremist and erstwhile terrorist Taliban government in Afghanistan.

    Since sweeping back into power in 2021, the Taliban has ruled in a highly repressive, misogynist and draconian fashion in the name of Islam. This is not practised anywhere else in the Muslim world.

    In December 2022, OIC Secretary General Hissein Brahim Taha called for a global campaign to unite Islamic scholars and religious authorities against the Taliban’s decision to ban girls from education.

    But this was superseded a month later, when the OIC expressed concern over the Taliban’s “restrictions on women”, but asked the international community not to “interfere in Afghanistan’s internal affairs”. This was warmly welcomed by the Taliban.

    In effect, the OIC – and therefore most Muslim countries – have adopted no practical measures to penalise the Taliban for its behaviour.

    It has not censured the Taliban nor imposed crippling sanctions on the group. And while no Muslim country has officially recognised the Taliban government (only Russia has), most OIC members have nonetheless engaged with the Taliban at political, economic, financial and trade levels.

    Why is it so divided?

    There are many reasons for the OIC’s ineffectiveness.

    For one, the group is composed of a politically, socially, culturally and economically diverse assortment of members.

    But more importantly, it has not functioned as a “bridge builder” by developing a common strategy of purpose and action that can overcome the geopolitical and sectarian differences of its members.

    In the current polarised international environment, the rivalry among its member states – and with major global powers such as the United States and China – has rendered the organisation a mere talking shop.

    This has allowed extremist governments in both Israel and Afghanistan to act with impunity.

    It is time to look at the OIC’s functionality and determine how it can more effectively unite the umma.

    This may also be an opportunity for its member states to develop an effective common strategy that could help the cause of peace and stability in the Muslim domain and its relations with the outside world.

    Amin Saikal 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. The Muslim world has been strong on rhetoric, short on action over Gaza and Afghanistan – https://theconversation.com/the-muslim-world-has-been-strong-on-rhetoric-short-on-action-over-gaza-and-afghanistan-262121

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Chairman Wicker and Chairman Risch Introduce Bill to Ensure Europe Pays for Ukraine Military Sales

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – U.S. Senators Roger Wicker, R-Miss., Chairman of the Senate Armed Services Committee, and James Risch, R-ID, Chairman of the Senate Foreign Relations Committee, announced they will introduce new legislation to support President Trump’s efforts to achieve peace in Ukraine, push back on Russian aggression, and ensure America’s allies are paying their fair share to end this conflict.

    This new legislation, the PEACE Act, builds on the successful NATO summit this summer, which produced a historic agreement to increase NATO defense spending and revitalize alliance burden sharing.  The PEACE Act creates a fund at the U.S. treasury that would allow allies to deposit money to replenish U.S. military equipment donated to Ukraine.

    Upon introducing the bill, Chairman Wicker issued the following statement:

    “President Trump has made clear that he will not tolerate Russian tyrant Vladimir Putin’s continued targeting of civilians in Ukraine.  The death and destruction must end, but Putin will not stop unless it is made clear to him that there is no path to success and that continued war will lead to massive costs for him and Russia. Today, we are introducing the PEACE Act, which gives President Trump and our NATO allies an additional option to deliver military aid to Ukraine. The PEACE Act enables our European partners to finance replenishments so that the U.S. military can continue drawdown packages of weapons to Ukraine. This is the fastest way to arm Ukraine as well as to minimize the strategic and military threat posed by Russia to the U.S. and NATO. The PEACE Act, in conjunction with the purchase of new military equipment and the prospect of imposing a crippling sanctions regime, shows Putin that neither escalation nor attrition will allow him to achieve his war aims.”

    Chairman Risch said: “Peace is only possible through strength. President Trump’s work with our NATO allies ensures they cover the cost of weapons for Ukraine, and this bill will give him the tool he needs to do so. Together, we will send a clear message to Putin that there are consequences for his refusal to negotiate in good faith.”

    Background

    1. The historic agreement by NATO allies to spend 5% of their GDP on defense is the culmination of President Trump’s years long effort to revitalize the alliance and ensure our allies are paying their fair share.
    1. The PEACE Act will transfer American weapons to Ukraine and use NATO allies’ funds to buy more modern equipment, in alignment with President Trump’s plan.
    1. The PEACE Act complements existing tools that the President and our NATO allies are already using, such as the JUMPSTART initiative, which allows Europeans to pay to produce new U.S. equipment, that will be delivered to Ukraine upon completion. The PEACE Act will serve as a bridge to deliver arms in the near-term while new equipment is being built over the long-term.

    MIL OSI USA News

  • Trump says US to impose 25% tariff on India from August 1

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump on Wednesday imposed a 25% tariff on goods imported from India starting August 1, along with an unspecified penalty for buying Russian weapons and oil, potentially straining relations with the world’s most populous democracy.

    The U.S. decision singles out India more severely than other major trading partners, and threatens to unravel months of talks between the two countries, undermining a key strategic partner of Washington’s and a counterbalance to China.

    “While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,” Trump wrote in a Truth Social post.

    “They have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD!”

    The White House has previously warned India about its high average applied tariffs – nearly 39% on agricultural products – with rates climbing to 45% on vegetable oils and around 50% on apples and corn.

    Russia continued to be the top oil supplier to India during the first six months of 2025, making up 35% of overall supplies.

    The U.S. currently has a $45.7 billion trade deficit with India.

    The news pushed the Indian rupee down 0.4% to around 87.80 against the U.S. dollar in the non-deliverable forwards market, from its close at 87.42 during market hours. Gift Nifty futures were trading at 24,692 points, down 0.6%.

    CONTENTIOUS ISSUES

    “Higher tariffs for India compared to countries it competes with, for exports to the U.S., are going to be challenging,” said Ranen Banerjee, a partner of economic advisory services at PwC India.

    India’s commerce ministry, which is leading the trade talks, did not immediately respond to a request for comment.

    U.S. and Indian negotiators had held multiple rounds of discussions to resolve contentious issues, particularly over market access into India for U.S. agricultural and dairy products.

    Despite progress in some areas, Indian officials resisted opening the domestic market to imports of wheat, corn, rice and genetically modified soybeans, citing risks to the livelihood of millions of Indian farmers.

    The U.S. had flagged concerns over India’s increasing and burdensome import-quality requirements, among its many barriers to trade, in a report released in March.

    The new tariffs are expected to impact India’s goods exports to the U.S., estimated at around $87 billion in 2024, including labour-intensive products such as garments, pharmaceuticals, gems and jewelry, and petrochemicals.

    India now joins a growing list of countries facing higher tariffs under Trump’s “Liberation Day” trade policy, aimed at reshaping U.S. trade relations by demanding greater reciprocity.

    The setback comes despite earlier commitments by Prime Minister Narendra Modi and Trump to conclude the first phase of a trade deal by autumn 2025 and expand bilateral trade to $500 billion by 2030, from $191 billion in 2024.

    Indian officials have previously indicated that they view the U.S. as a key strategic partner, particularly in counterbalancing China. But they have emphasized the need to preserve policy space on agriculture, data governance, and state subsidies.

    HOPES FOR A DEAL

    It was not immediately clear whether the announcement was a negotiating tactic. While Trump railed against Japan in a June 30 Truth Social post and said there would likely be no deal with the North Asian nation, a deal was agreed on July 22.

    An Indian government official told Reuters that New Delhi continued to remain engaged with the United States to seal an agreement.

    Economists, too, remained hopeful.

    “While the negotiations seems to have broken down, we don’t think the trade-deal haggling between the two nations is over yet,” Madhavi Arora, an economist at Emkay Global.

    (Reuters)

  • MIL-OSI Analysis: Why the Pacific tsunami was smaller than expected – a geologist explains

    Source: The Conversation – UK – By Alan Dykes, Associate Professor in Engineering Geology, Kingston University

    The earthquake near the east coast of the Kamchatka peninsula in Russia on July 30 2025 generated tsunami waves that have reached Hawaii and coastal areas of the US mainland. The earthquake’s magnitude of 8.8 is significant, potentially making it one of the largest quakes ever recorded.

    Countries around much of the Pacific, including in east Asia, North and South America, issued alerts and in some cases evacuation orders in anticipation of potentially devastating waves. Waves of up to four metres hit coastal towns in Kamchatka near where the earthquake struck, apparently causing severe damage in some areas.

    But in other places waves have been smaller than expected, including in Japan, which is much closer to Kamchatka than most of the Pacific rim. Many warnings have now been downgraded or lifted with relatively little damage. It seems that for the size of the earthquake, the tsunami has been rather smaller than might have been the case. To understand why, we can look to geology.

    The earthquake was associated with the Pacific tectonic plate, one of several major pieces of the Earth’s crust. This pushes north-west against the part of the North American plate that extends west into Russia, and is forced downwards beneath the Kamchatka peninsula in a process called subduction.

    The United States Geological Survey (USGS) says the average rate of convergence – a measure of plate movement – is around 80mm per year. This is one of the highest rates of relative movement at a plate boundary.

    But this movement tends to take place as an occasional sudden movement of several metres. In any earthquake of this type and size, the displacement may occur over a contact area between the two tectonic plates of slightly less than 400km by 150km, according to the USGS.

    The Earth’s crust is made of rock that is very hard and brittle at the small scale and near the surface. But over very large areas and depths, it can deform with slightly elastic behaviour. As the subducting slab – the Pacific plate – pushes forward and descends, the depth of the ocean floor may suddenly change.

    Nearer to the coastline, the crust of the overlying plate may be pushed upward as the other pushed underneath, or – as was the case off Sumatra in 2004 – the outer edge of the overlying plate may be dragged down somewhat before springing back a few metres.

    It is these near-instantaneous movements of the seabed that generate tsunami waves by displacing huge volumes of ocean water. For example, if the seabed rose just one metre across an area of 200 by 100km where the water is 1km deep, then the volume of water displaced would fill Wembley stadium to the roof 17.5 million times.

    A one-metre rise like this will then propagate away from the area of the uplift in all directions, interacting with normal wind-generated ocean waves, tides and the shape of the sea floor to produce a series of tsunami waves. In the open ocean, the tsunami wave would not be noticed by boats and ships, which is why a cruise ship in Hawaii was quickly moved out to sea.

    Waves sculpted by the seabed

    The tsunami waves travel across the deep ocean at up to 440 miles per hour, so they may be expected to reach any Pacific Ocean coastline within 24 hours. However, some of their energy will dissipate as they cross the ocean, so they will usually be less hazardous at the furthest coastlines away from the earthquake.

    The hazard arises from how the waves are modified as the seabed rises towards a shoreline. They will slow and, as a result, grow in height, creating a surge of water towards and then beyond the normal coastline.

    The Kamchatka earthquake was slightly deeper in the Earth’s crust (20.7km) than the Sumatran earthquake of 2004 and the Japanese earthquake of 2011. This will have resulted in somewhat less vertical displacement of the seabed, with the movement of that seabed being slightly less instantaneous. This is why we’ve seen tsunami warnings lifted some time before any tsunami waves would have arrived there.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Alan Dykes 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. Why the Pacific tsunami was smaller than expected – a geologist explains – https://theconversation.com/why-the-pacific-tsunami-was-smaller-than-expected-a-geologist-explains-262273

    MIL OSI Analysis

  • MIL-OSI USA: In Aftermath of Tsunami Alert, Cantwell Thanks First Responders & NOAA: “Those Warnings Were Made Possible Because Of The Incredible Work of NOAA Employees”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    07.30.25

    In Aftermath of Tsunami Alert, Cantwell Thanks First Responders & NOAA: “Those Warnings Were Made Possible Because Of The Incredible Work of NOAA Employees”

    Tsunami warning comes on the heels of Cantwell’s letter to Trump calling for more NOAA investments in ocean data collection, emergency alert systems

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell thanked first responders and employees of the National Oceanic and Atmospheric Administration (NOAA) for tracking the risk of a tsunami following an 8.8 magnitude earthquake near Russia and immediately mobilizing alert systems to ensure people on the West Coast, in Hawaii, and in Alaska had the up-to-date information needed to stay safe.

    “Those warnings were made possible because of the incredible work of NOAA employees [and] emergency responders. And to make sure that our coastal communities like the State of Washington, Hawaii, Alaska, California, and Oregon, and other impacted areas, were given warning safely in advance,” Sen. Cantwell said during a meeting of the Senate Committee on Commerce, Science, and Transportation, on which she serves as ranking member.

    “We have this capability because of investments we’ve made in infrastructure. This includes the DART program — the NOAA buoys positioned in the ocean to monitor for tsunamis in real time — and the work of NOAA’s Center for Tsunami Research in Seattle working to improve the models to provide faster, more accurate weather warnings and information.”

    Video of her remarks in the committee meeting is HERE; a transcript is HERE.

    Last night’s tsunami warning came on the heels of a letter Sen. Cantwell sent to President Donald Trump last week outlining her five-point plan to bolster the United States’ weather readiness.

    READ MORE:

    The Seattle Times: EDITORIAL — Cantwell’s bipartisan weather plan shows the leadership America needs

    CNN: Key senator makes bipartisan plea to Trump to invest in weather and early warning networks

    CBS: Sen. Maria Cantwell urges Trump to invest in modernized weather forecast system: “The money will save you money”

    Sen. Cantwell’s five recommendations for President Trump are:

    1. Modernize Weather Data Collection: The United States needs to collect and compile more data by land, air, space, and sea by modernizing our weather data infrastructure and other tools, including better radars, hurricane hunters, weather satellites, and ocean buoys.
    2. World Leading Analytics: We need to catch up with and surpass European weather forecasting capabilities, which will require more supercomputing and improvements in data analytics including assimilation.
    3. Cutting Edge Research: As our communities experience more frequent and extreme weather, now is the time to invest in additional cutting-edge basic and applied research.
    4. Modernizing Alert Systems: We must strengthen and expand weather emergency communication channels to keep the public informed and help first responders prepare and react to natural disasters.
    5. Advance Bipartisan Legislation: The bipartisan Weather Act Reauthorization Act of 2024 would strengthen weather research and forecasting and expand commercial data partnerships.

    More details about each of Sen. Cantwell’s recommendations can be found HERE.

    NOAA provides critical services to the nation including weather forecasts, extreme storm tracking and monitoring, tools to enable communities to adapt to sea level rise and climate change, supporting fisheries management, and conserving marine mammals and other protected species.

    Last month, Sen. Cantwell joined renowned meteorologists from across the country for a virtual presser to sound the alarm on cuts at NOAA’s National Weather Service, and called on the Trump Administration to restore the agency to full capacity. In February, Sen. Cantwell voted against confirming Commerce Secretary Howard Lutnick, citing – among other issues – his “tepid support” for NOAA. She then sent a letter to Lutnick directly following his confirmation calling on him to exempt the NWS from the federal hiring freeze, and protect all NOAA workers from firings “that would jeopardize the safety of the American public.”

    Sen. Cantwell is a champion of NOAA and helped secure $3.3 billion in NOAA investments in the Inflation Reduction Act to help communities prepare for and adapt to climate change, boost science needed to understand changing weather and climate patterns, and invest in advanced computer technologies that are critical for extreme weather prediction and emergency response. Her Fire Ready Nation Act, bipartisan legislation to strengthen NOAA’s ability to help forecast, prevent, and fight wildfires, passed the Commerce committee unanimously earlier this year and now heads to the full Senate for consideration. In 2011, she secured Washington state’s first coastal Doppler radar in Grays Harbor County, enabling forecasters to better determine wind speed and rainfall of incoming storms.



    MIL OSI USA News

  • MIL-OSI United Nations: Tsunami alert highlights worth of global early warning system

    Source: United Nations 2

    While the UN-backed International Atomic Energy Agency (IAEA) reported 
    that there had been no damage to Japan’s nuclear facilities after an 8.8 magnitude quake was recorded off Russia’s Kamchatka Peninsula, coastal communities have been taking no chances and evacuating to higher ground or moving further inland.

    Alerts were sent out within a few minutes of the Russia quake, the UN Office for Disaster Risk Reduction (UNDRR) confirmed. Although the authorities have now downgraded the threat across Japan as waves of 1.3 metres (4ft 2in) have been recorded, the advice is for people to stay in shelters until the danger diminishes from continuing sea surges.

    “It is very complex; we are observing the tsunami data in real time, so we need people to stay at the shelter until the tsunami is completed,” said tsunami engineer Professor Fumihiko Imamura from Tohoku University.

    Deadly legacy

    In the Asian island nation, memories are still raw from the 11 March 2011 Tohoku earthquake and tsunami which killed more than 18,000 people.

    Just last year, the 7.6 magnitude Noto quake left approximately 500 dead and damaged 150,000 homes.

    The disaster also caused a major accident at the Fukushima Daiichi Nuclear Power Plant, forcing tens of thousands of people from their homes. 

    Today’s developments come amid reports that the latest earthquake was among the 10 most powerful ever recorded, hence why the authorities are monitoring its impact so closely.

    So far, alerts have been triggered off the west coast of the United States, in South America from Chile to Mexico and from Papua New Guinea to Vanuatu in the Pacific. 

    A 8.8 magnitude earthquake is a very large earthquake,” explained Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction. 

    “As you go from magnitude eight to nine, or seven to eight, at every step the strength of the earthquake increases exponentially. So, an earthquake which is magnitude eight as opposed to seven would be 30 times bigger.” 

    Faster than a jet liner

    Speaking to UN News, Mr. Kishore highlighted the huge distances tsunamis can cover, picking up enormous energy they then dump on coastal communities. 

    Their progress can be as fast as a passenger jet and can be tracked by deep sea pressure change sensors, or tsunameters, that are connected to surface buoys which relay information in real time to satellites. This data is then modelled by national weather centres, influencing whether alerts are issued.

    “It’s a real threat because the tsunamis travel really fast from one coast to the other,” continued Mr. Kishore. “The Indian Ocean tsunami of 2004 was one of the most devastating in our memory, which travelled from all the way from the coast of Indonesia to the Sri Lankan shores within a little over an hour.”

    Lessons learned

    In addition to the coordination role of UNDRR in the global early warning system, other UN entities also closely involved include the World Meteorological Organization (WMO) and the Intergovernmental Oceanographic Commission of the UN agency for Education, Science and Culture (UNESCO-IOC).  

    The IOC’s role is critical in making sure that countries that use tsunami-tracking instrumentation follow the same standard. 

    These efforts are in line with the UN Secretary-General’s Early Warnings for All initiative to ensure that everyone on Earth is protected from hazardous weather, water or climate events through lifesaving early warning systems.

    Today, one in three people – and mainly in least developed countries and Small Island Developing States – lacks access to adequate multi-hazard early warning systems.

    “Tsunami prevention really highlights how important it is to have multilateral action” such as sharing data to run the algorithms behind wave modelling systems, insisted the UN’s Mr. Kishore. 

    “There are countries which are separated by thousands of kilometres of ocean, but they are affected by the same hazard,” he continued. 

    “If you do not share information on observing these hazards, not just in the location where they have occurred, but on what is happening in the intermediate locations in the ocean…we will not be able to warn our citizens.”  

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: President Lai meets delegation from US National Endowment for Democracy

    Source: Republic of China Taiwan

    Details
    2025-07-24
    President Lai meets Somaliland Foreign Minister Abdirahman Dahir Adam  
    On the morning of July 24, President Lai Ching-te met with a delegation led by Republic of Somaliland Minister of Foreign Affairs and International Cooperation Abdirahman Dahir Adam. In remarks, President Lai thanked the Somaliland government for its longstanding, staunch support for Taiwan-Somaliland relations. The president mentioned that this year marks the fifth anniversary of Taiwan and Somaliland’s mutual establishment of representative offices and that our exchanges in various areas have yielded significant results. He expressed hope for continuing to deepen our partnership, advancing our bilateral friendship and fruitful cooperation. A translation of President Lai’s remarks follows: I warmly welcome all of our guests to Taiwan. This is the first visit to Taiwan for Minister Adam, Minister Khadir Hussein Abdi, and Admiral Ahmed Hurre Hariye. I thank you for your high regard and support for Taiwan. I also very much appreciate that Lead Advisor Mohamed Omar Hagi Mohamoud, who served as representative of Somaliland to Taiwan during the past five years, continues deepening Taiwan-Somaliland ties in his new role. Somaliland is renowned as a beacon of democracy in the Horn of Africa. I want to once again congratulate Somaliland on successfully holding presidential and political party elections last November, which garnered praise from the international community. At that time, I appointed Deputy Minister of Foreign Affairs François Chihchung Wu (吳志中) to serve as special envoy and lead a delegation to attend the inauguration of President Abdirahman Mohamed Abdullahi, demonstrating that Taiwan would work closely with Somaliland’s new government to write a new chapter in our friendship. Recently, authoritarian regimes have continued to apply new forms of coercion as they intensify suppression of Taiwan’s and Somaliland’s international participation. In response, our two sides must continue to deepen our partnership and demonstrate the resilience of democratic alliances, as well as our staunch commitment to defending our values.  This year marks the fifth anniversary of Taiwan and Somaliland’s mutual establishment of representative offices. Through our joint efforts, we have continued to expand exchanges in various areas, yielding significant results. This afternoon, we will also sign an agreement on coast guard cooperation, launching bilateral cooperation in maritime affairs. Regarding President Abdullahi’s focus on maritime security, the blue economy, and other policy objectives, we can strengthen our bilateral partnership moving forward. In addition, we also hope to work together with like-minded countries such as the United States, and through trilateral or multilateral cooperation platforms, realize the strategic goal of a non-red Somaliland coastline. I want to thank the Somaliland government once more for its longstanding, staunch support for Taiwan-Somaliland relations. I look forward to working with all of you to continue to advance our bilateral friendship and fruitful cooperation. In closing, I once again welcome Minister Adam and the delegation. I have every confidence that, in addition to advancing bilateral cooperation, this trip will allow you to experience Taiwan’s natural beauty and diverse culture. Minister Adam then delivered remarks, thanking the government and people of Taiwan for the warm hospitality they have received since their arrival. He stated that Taiwan is a peaceful nation and that it shares with Somaliland the value of democracy. He stated that we also share the goal of obtaining recognition, so he is glad that the Taiwan-Somaliland relationship is growing by the day. Minister Adam pointed out that there is much pressure that we are both facing in our relationship, but he reassured President Lai that no amount of pressure can change Somaliland’s strong ties with Taiwan. He also thanked the Taiwan government for the help it has proffered to Somaliland, adding that our relationship will only get better. Minister Adam said that Taiwan and Somaliland can cooperate in many areas and that there is more opportunity in Somaliland than any other country, adding that Somaliland is open for investment from Taiwan. Noting that our countries can also collaborate in other areas such as education and maritime security, the minister said that he is glad they will be signing a cooperative agreement in maritime security with Taiwan. He then said he is looking forward to a better relationship in the future. The delegation was accompanied to the Presidential Office by Somaliland Representative to Taiwan Mahmoud Adam Jama Galaal.  

    Details
    2025-07-22
    President Lai meets cross-party Irish Oireachtas delegation
    On the morning of July 22, President Lai Ching-te met with a cross-party delegation from the Oireachtas (parliament) of Ireland. In remarks, President Lai stated that Taiwan and Ireland are both guardians of the values of freedom and democracy. He indicated that Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community, saying that we look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: Deputy Speaker John McGuinness is a dear friend of Taiwan who also chairs the Ireland-Taiwan Parliamentary Friendship Association. Thanks to his efforts over the years, support for Taiwan has grown stronger in the Oireachtas. I thank him and all of our guests for traveling such a long way to demonstrate support for Taiwan and open more doors for exchanges and cooperation. Europe is Taiwan’s third largest trading partner and largest source of foreign investment. Ireland is a European stronghold for technology and innovative industries. Just like Taiwan, Ireland is an export-oriented economy. Our industrial structures are highly complementary. We hope that Taiwan’s electronics manufacturing and machinery industries can explore deeper cooperation with Ireland’s ICT software and biopharmaceutical fields, creating win-win outcomes. In May, the Irish government launched its National Semiconductor Strategy, outlining a vision to become a global semiconductor hub. Taiwan is home to the world’s most critical semiconductor ecosystem, and our own industrial development closely parallels that of Ireland. Moreover, we aspire to build non-red technological supply chains with democratic partners. I believe that going forward, Taiwan and Ireland can bolster collaboration so as to upgrade the competitiveness of our respective semiconductor industries. Together, we can help build a values-based economic system for democracies. I was delighted to receive congratulations from Deputy Speaker McGuinness on my election. Taiwan and Ireland are both guardians of the values of freedom and democracy. This visit from our guests further attests to our common beliefs. As authoritarianism continues to expand, Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community. We look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. Deputy Speaker McGuinness then delivered remarks, stating that he has been to Taiwan on many occasions and that it is a great honor to join President Lai and his staff at the Presidential Office. He said that Ireland has continued to build its strong relationship with Taiwan based on our democratic values and the interests that we have in trade throughout the world, strengthening this relationship based on culture, education, and more. Noting that he served with many other diplomats from Taiwan, he said all had the same goal, which was to further the interests of the Ireland-Taiwan friendship and to ensure that it grows and prospers. The deputy speaker then extended to President Lai the delegation’s best wishes for his term in office, stating that they commit to the same values as the previous friendship groups that have been visiting Taiwan. He went on to say that some members of the group are newly elected, representing the next generation of the association, and that they are committed to working together with Taiwan to stand strong in the defense of democracy. Deputy Speaker McGuinness also noted that the father of Deputy Ken O’Flynn, one of the delegation members, played an important role as a former chairman of the association, remarking that it is good to see such continuity taking place. Deputy Speaker McGuiness said that he believes the world is facing huge challenges and uncertainty in terms of our markets and trade with one another. He said we have to watch for what the United States will do next and be conscious of what China is doing, emphasizing that the European Union stands strong in the center of this, while Ireland plays a huge role in the context of democracy, trade, and the betterment of all things for the citizens that they represent. The deputy speaker then stated that while we focus on the development of AI that is extremely important for all of us, we can work together to ensure that we control AI rather than AI controlling us. He also remarked that we cannot lose sight of our traditional trading means, saying that we have to keep all of our trade together, expand on that trade, and then take on the new technologies that come before us. Deputy Speaker McGuinness concluded his remarks by thanking President Lai for receiving the delegation, stating that they commit to their continuation of support for Taiwan and for democracy. Also in attendance were Deputies Malcolm Byrne and Barry Ward, and Senator Teresa Costello.

    Details
    2025-07-22
    President Lai meets official delegation from European Parliament’s Special Committee on the European Democracy Shield
    On the morning of July 22, President Lai Ching-te met with an official delegation from the European Parliament’s Special Committee on the European Democracy Shield (EUDS). In remarks, President Lai thanked the committee for choosing to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe. President Lai emphasized that Taiwan, standing at the very frontline of the democratic world, is determined to protect democracy, peace, and prosperity worldwide. He expressed hope that we can share our experiences with Europe to foster even more resilient societies. A translation of President Lai’s remarks follows: Firstly, on behalf of the people of Taiwan, I extend a warm welcome to your delegation, which marks another official visit from the European Parliament. The Special Committee on the EUDS aims to strengthen societal resilience and counter disinformation and hybrid threats. Having been constituted at the beginning of this year, the committee has chosen to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe and the unlimited possibilities for deepening cooperation on issues of concern. I am also delighted to see many old friends of Taiwan gathered here today. I deeply appreciate your longstanding support for Taiwan. Taiwan and the European Union enjoy close trade and economic relations and share the values of freedom and democracy. However, in recent years, we have both been subjected to information manipulation and infiltration by foreign forces that seek to interfere in democratic elections, foment division in our societies, and shake people’s faith in democracy. Taiwan not only faces an onslaught of disinformation, but also is the target of gray-zone aggression. That is why, after taking office, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office, with myself as convener. The committee is a platform that integrates domestic affairs, national defense, foreign affairs, cybersecurity, and civil resources. It aims to strengthen the capability of Taiwan’s society to defend itself against new forms of threat, pinpoint external and internal vulnerabilities, and bolster overall resilience and security. The efforts that democracies make are not for opposing anyone else; they are for safeguarding the way of life that we cherish – just as Europe has endeavored to promote diversity and human rights. The Taiwanese people firmly believe that when our society is united and people trust one another, we will be able to withstand any form of authoritarian aggression. Taiwan stands at the very frontline of the democratic world. We are determined to protect democracy, peace, and prosperity worldwide. We also hope to share our experiences with Europe and deepen cooperation in such fields as cybersecurity, media literacy, and societal resilience. Thank you once again for visiting Taiwan. Your presence further strengthens the foundations of Taiwan-Europe relations. Let us continue to work together to uphold freedom and democracy and foster even more resilient societies. EUDS Special Committee Chair Nathalie Loiseau then delivered remarks, saying that the delegation has members from different countries, including France, Germany, the Czech Republic, Poland, and Belgium, and different political parties, but that they have in common their desire for stronger relations between the EU and Taiwan. Committee Chair Loiseau stated that the EU and Taiwan, having many things in common, should work more together. She noted that we have strong trade relations, strong investments on both sides, and strong cultural relations, while we are also facing very similar challenges and threats. She said that we are democracies living in a world where autocracies want to weaken and divide democracies. She added that we also face external information manipulation, cyberattacks, sabotage, attempts to capture elites, and every single gray-zone activity that aims to divide and weaken us. Committee Chair Loiseau pointed out another commonality, that we have never threatened our neighbors. She said that we want to live in peace and we care about our people; we want to defend ourselves, not to attack others. We are not being threatened because of what we do, she emphasized, but because of what we are; and thus there is no reason for not working more together to face these threats and attacks. Committee Chair Loiseau said that Taiwan has valuable experience and good practices in the area of societal resilience, and that they are interested in learning more about Taiwan’s whole-of-society approach. They in Europe are facing interference, she said, mainly from Russia, and they know that Russia inspires others. She added that they in the EU also have experience regulating social media in a way which combines freedom of expression and responsibility. In closing, the chair said that they are happy to have the opportunity to exchange views with President Lai and that the European Parliament will continue to strongly support relations between the EU and Taiwan. The delegation also included Members of the European Parliament Engin Eroglu, Tomáš Zdechovský, Michał Wawrykiewicz, Kathleen Van Brempt, and Markéta Gregorová.

    Details
    2025-07-17
    President Lai meets President of Guatemalan Congress Nery Abilio Ramos y Ramos  
    On the morning of July 17, President Lai Ching-te met with a delegation led by Nery Abilio Ramos y Ramos, the president of the Congress of the Republic of Guatemala. In remarks, President Lai thanked Congress President Ramos and the Guatemalan Congress for their support for Taiwan, and noted that official diplomatic relations between Taiwan and Guatemala go back more than 90 years. As important partners in the global democratic community, the president said, the two nations will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. A translation of President Lai’s remarks follows:  I recall that when Congress President Ramos visited Taiwan in July last year, he put forward many ideas about how our countries could promote bilateral cooperation and exchanges. Now, a year later, he is leading another cross-party delegation from the Guatemalan Congress on a visit, demonstrating support for Taiwan and continuing to help deepen our diplomatic ties. In addition to extending a sincere welcome to the distinguished delegation members who have traveled so far to be here, I would also like to express our concern and condolences for everyone in Guatemala affected by the earthquake that struck earlier this month. We hope that the recovery effort is going smoothly. Official diplomatic relations between Taiwan and Guatemala go back more than 90 years. In such fields as healthcare, agriculture, education, and women’s empowerment, we have continually strengthened our cooperation to benefit our peoples. Just last month, Guatemala’s President Bernardo Arévalo and the First Lady led a delegation on a state visit to Taiwan. President Arévalo and I signed a letter of intent for semiconductor cooperation, and also witnessed the signing of cooperation documents to establish a political consultation mechanism and continue to promote bilateral investment. This has laid an even sounder foundation for bilateral exchanges and cooperation, and will help enhance both countries’ international competitiveness. Taiwan is currently running a semiconductor vocational training program, helping Guatemala cultivate semiconductor talent and develop its tech industry, and demonstrating our determination to share experience with democratic partners. At the same time, we continue to assist Taiwanese businesses in their efforts to develop overseas markets with Guatemala as an important base, spurring industrial development in both countries and increasing economic and trade benefits. I want to thank Congress President Ramos and the Guatemalan Congress for their continued support for Taiwan’s international participation. Representing the Guatemalan Congress, Congress President Ramos has signed resolutions in support of Taiwan, and has also issued statements addressing China’s misinterpretation of United Nations General Assembly Resolution 2758. Taiwan and Guatemala, as important partners in the global democratic community, will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. Congress President Ramos then delivered remarks, first noting that the members of the delegation are not only from different parties, but also represent different classes, cultures, professions, and departments, which shows that the diplomatic ties between Guatemala and the Republic of China (Taiwan) are based on firm friendships at all levels and in all fields. Noting that this was his second time to visit Taiwan and meet with President Lai, Congress President Ramos thanked the government of Taiwan for its warm hospitality. With the international situation growing more complex by the day, he said, Guatemala highly values its longstanding friendship and cooperative ties with Taiwan, and hopes that both sides can continue to deepen their cooperation in such areas as the economy, technology, education, agriculture, and culture, and work together to spur sustainable development in each of our countries. Congress President Ramos said that the way the Taiwan government looks after the well-being of its people is an excellent model for how other countries should promote national development and social well-being. Accordingly, he said, the Guatemalan Congress has stood for justice and, for a second time, adopted a resolution backing Taiwan’s participation in the World Health Assembly. Regarding President Arévalo’s state visit to Taiwan the previous month, Congress President Ramos commented that this high-level interaction has undoubtedly strengthened the diplomatic ties between Taiwan and Guatemala and led to more opportunities for cooperation. Congress President Ramos emphasized that democracy, freedom, and human rights are universal values that bind Taiwan and Guatemala together, and that he is confident the two countries’ diplomatic ties will continue to grow deeper. In closing, on behalf of the Republic of Guatemala, Congress President Ramos presented President Lai with a Chinese translation of the resolution that the Guatemalan Congress proposed to the UN in support of Taiwan’s participation in international organizations, demonstrating the staunch bonds of friendship between the two countries. The delegation was accompanied to the Presidential Office by Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-07-08
    President Lai meets delegation led by Foreign Minister Jean-Victor Harvel Jean-Baptiste of Republic of Haiti
    On the morning of July 8, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Jean-Victor Harvel Jean-Baptiste of the Republic of Haiti and his wife. In remarks, President Lai noted that our two countries will soon mark the 70th anniversary of diplomatic relations and that our exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. The president stated that Taiwan will continue to work together with Haiti to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. The president thanked Haiti for supporting Taiwan’s international participation and expressed hope that both countries will continue to support each other, deepen cooperation, and face various challenges together. A translation of President Lai’s remarks follows: I am delighted to meet and exchange ideas with Minister Jean-Baptiste, his wife, and our distinguished guests. Minister Jean-Baptiste is the highest-ranking official from Haiti to visit Taiwan since former President Jovenel Moïse visited in 2018, demonstrating the importance that the Haitian government attaches to our bilateral diplomatic ties. On behalf of the Republic of China (Taiwan), I extend a sincere welcome. Next year marks the 70th anniversary of the establishment of diplomatic ties between our two countries. Our bilateral exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. Over the past few years, Haiti has faced challenges in such areas as food supply and healthcare. Taiwan will continue to work together with Haiti through various cooperative programs to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. I want to thank the government of Haiti and Minister Jean-Baptiste for speaking out in support of Taiwan on the international stage for many years. Minister Jean-Baptiste’s personal letter to the World Health Organization Secretariat in May this year and Minister of Public Health and Population Bertrand Sinal’s public statement during the World Health Assembly both affirmed Taiwan’s efforts and contributions to global public health and supported Taiwan’s international participation, for which we are very grateful. I hope that Taiwan and Haiti will continue to support each other and deepen cooperation. I believe that Minister Jean-Baptiste’s visit will open up more opportunities for cooperation for both countries, helping Taiwan and Haiti face various challenges together. In closing, I once again offer a sincere welcome to the delegation led by Minister Jean-Baptiste, and ask him to convey greetings from Taiwan to Prime Minister Alix Didier Fils-Aimé and the members of the Transitional Presidential Council. Minister Jean-Baptiste then delivered remarks, saying that he is extremely honored to visit Taiwan and reaffirm the solid and friendly cooperative relationship based on mutual respect between the Republic of Haiti and the Republic of China (Taiwan), which will soon mark its 70th anniversary. He also brought greetings to President Lai from Haiti’s Transitional Presidential Council and Prime Minister Fils-Aimé. Minister Jean-Baptiste emphasized that over the past few decades, despite the great geographical distance and developmental and cultural differences between our two countries, we have nevertheless established a firm friendship and demonstrated to the world the progress resulting from the mutual assistance and cooperation between our peoples. Minister Jean-Baptiste pointed out that our two countries cooperate closely in agriculture, health, education, and community development and have achieved concrete results. Taiwan’s voice, he said, is thus essential for the people of Haiti. He noted that Taiwan also plays an important role in peace and innovation and actively participates in global cooperative efforts. Pointing out that the world is currently facing significant challenges and that Haiti is experiencing its most difficult period in history, Minister Jean-Baptiste said that at this time, Taiwan and Haiti need to unite, help each other, and jointly think about how to move forward and deepen bilateral relations to benefit the peoples of both countries. Minister Jean-Baptiste said that he is pleased that throughout our solid and friendly diplomatic relationship, both countries have demonstrated mutual trust, mutual respect, and the values we jointly defend. He then stated his belief that Haiti and Taiwan will together create a cooperation model and future that are sincere, friendly, and sustainable. The delegation was accompanied to the Presidential Office by Chargé d’Affaires a.i. Francilien Victorin of the Embassy of the Republic of Haiti in Taiwan.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI NGOs: UK has ‘become a hunting ground for authoritarian regimes’

    Source: Amnesty International –

    Amnesty International UK has welcomed today’s damning report by the Joint Committee on Human Rights (JCHR), which finds that foreign states are operating with impunity to harass, threaten and intimidate individuals on UK soil, with the Government failing to provide adequate protection or response.

    The report, Transnational Repression in the UK, warns that hostile governments, including China, Iran and Russia, are using tactics such as surveillance, harassment, and abuse of legal systems to silence critics, human rights defenders and diaspora communities across the UK. It also highlights severe gaps in the UK’s response, including the absence of a clear legal definition, a lack of data collection, and no dedicated reporting mechanisms for victims.

    The findings reinforce Amnesty’s own research, published last year, which exposed the deep fear experienced by Chinese and Hong Kong students in the UK as a result of Beijing’s efforts to extend its repressive reach abroad. Amnesty documented how students live in constant fear of surveillance, reprisals against family members, and threats from Chinese authorities with many feeling unable to speak freely or engage in activism, even while on UK university campuses.

    Read the report: Chinese and Hong Kong students in the UK live in fear of the long arm of the Chinese government

    Responding to today’s JCHR report, Kerry Moscogiuri, Campaigns Director at Amnesty International UK, said:

    “This report should be a wake-up call. The UK has become a hunting ground for authoritarian regimes targeting dissidents, journalists, and exiles. It’s appalling that those who sought refuge here are met with fear, harassment and intimidation from foreign powers, with woefully inadequate protection and little coordinated response.

    “Amnesty International has repeatedly documented the Chinese government’s transnational repression, including the surveillance and intimidation of students and activists here in the UK. That includes the alarming escalation in threats against the Hong Kong community, with bounties placed on the heads of UK-based pro-democracy activists. Since our report last year, the Government has failed to take adequate action to address this threat.

    “The powerful JCHR report rightly exposes major gaps: the lack of a clear definition of transnational repression, no dedicated reporting mechanism, patchy police response, and a failure to collect even basic data on the scale of the threat. Crucially, it sets a 12-month timeline for government action to put protective systems in place for those most at risk.

    “The Government must now act on these recommendations, not just in principle, but in practice. Protections must be real, visible, and trusted by those they’re meant to serve. Civil society and affected communities need to see that the UK is not just listening, but standing up to repression in all its forms.

    “The UK must act now: work with affected activists and communities to define transnational repression, track it, and confront it, before silence becomes the new norm.”

    Amnesty International UK is urging the Government to immediately adopt the JCHR’s recommendations and establish a clear, cross-departmental strategy to identify, deter and respond to transnational repression including visible protections for those most at risk, and regular engagement with civil society organisations and affected communities.

     

    ENDS

    MIL OSI NGO

  • MIL-OSI USA: 07.29.2025 Sen. Cruz Introduces Bill to Establish Drone Manufacturing in Texarkana

    US Senate News:

    Source: United States Senator for Texas Ted Cruz

    WASHINGTON, D.C. – Today, U.S. Sen. Ted Cruz (R-Texas), joined by Sens. John Cornyn (R-Texas), Tom Cotton (R-Ark.), and John Boozman (R-Ark.), introduced the SkyFoundry Act of 2025 to establish a drone production facility, SkyFoundry, at the Red River Army Depot (RRAD) in Texarkana, Texas. This bill will allow RRAD to develop, produce, and field drones for the Department of Defense.
    Sen. Cruz said, “Establishing a drone manufacturing facility at the Red River Army Depot will help ensure that the United States remains at the forefront of drone production. I’m proud to see the Lone Star State continuing to lead in defense innovation, and I look forward to working with my colleagues in Congress to swiftly pass this legislation.”
    Sen. Cornyn said, “Russia and China are currently outpacing America in scalable drone production and investment, making us vulnerable to national security threats if left unmatched. This legislation seeks to close this gap and help ensure America remains competitive with our foreign adversaries by establishing a new innovation and production facility that would rapidly improve our ability to develop, test, and mass-produce small unmanned aircraft systems.”
    Sen. Cotton said, “Large-scale manufacturing of small drones is critical to the Army’s current and future operational capability. This bill is a win for national security and for Arkansas as the Skyfoundry program presents a unique opportunity to more fully utilize the Army’s organic industrial base by positioning Red River Army Depot to meet the Army’s emerging requirements.”
    Sen. Boozman said, “The men and women of the Red River Army Depot are committed to providing our servicemembers with the tools they need to defend our nation. With unmanned aircraft systems playing an increasingly prominent role in modern warfare, tasking them with developing and sustaining an adequate supply of drone systems would be a win for this skilled workforce and our armed forces. I am pleased to join my colleagues to champion this effort and the Arkansans whose vital contributions to Red River support our national security and local economy.”
    Companion legislation was introduced in the House by Rep. Pat Harrigan (R-N.C.-10).
    Rep. Harrigan said, “The future of warfare is cheap, fast, and scalable—and right now, America is none of those things. The SkyFoundry Act changes that. It creates a fully American pipeline to design, test, and mass-produce FPV drones at scale, decoupled from Chinese supply chains and driven by U.S. innovation. This initiative doesn’t just build drones; it rebuilds our defense industrial base to meet the demands of modern conflict.”
    Read the full text of the bill here.
    The Texarkana Chamber of Commerce, TexAmericas Center, and the City Manager of the City of Texarkana support the bill.
    Robin Hickerson, President & CEO of the Texarkana Chamber of Commerce said, “The Texarkana USA Regional Chamber of Commerce thanks Senators Ted Cruz, John Boozman, Tom Cotton, and John Cornyn for sponsoring the SkyFoundry Act of 2025, which supports the rapid development and production of small unmanned aircraft systems and emphasizes the use of existing Army Depot facilities. Red River Army Depot is well positioned to meet the criteria outlined in the bill, with over 15,000 acres, 8 million square feet of facilities, and a central location near four states. The Chamber commends RRAD for its flexibility and readiness to support future innovation in defense manufacturing. RRAD has long been a vital economic engine for the Texarkana region. This legislation reinforces its strategic value and opens the door for even greater impact on jobs, innovation, and national security. The Chamber stands ready to support the SkyFoundry Program and advocate for continued investment in Red River Army Depot.”
    Scott Norton, Executive Director & CEO of the TexAmericas Center said, “TexAmericas Center thanks Senator Cruz and his staff for all their efforts with the SkyFoundry Act of 2025. Utilizing a location such as Red River Army Depot for the annual production of 1,000,000 unmanned aircraft systems, and other associated systems, allows the Department of Defense to collaborate employee training and program enhancements with Texas A&M University – Texarkana, University of Arkansas Hope-Texarkana, and Texarkana College. Investing in the dedicated organic industrial base workforce emphasizes the value of the current and future workforce at Red River Army Depot and demonstrates value of our defense community to our nation’s defense. We look forward to the passing of the SkyFoundry Act of 2025 and the continued expansion of workload at Red River Army Depot.”
    David Orr, City Manager of the City of Texarkana, Texas said, “The SkyFoundry Act of 2025 represents a forward-thinking investment in advanced manufacturing of unmanned aircraft systems and workforce development that aligns with the Texarkana region’s long-standing commitment to economic growth and regional opportunity. We appreciate Senator Cruz’s leadership in advancing legislation that strengthens our national defense and the industries that power our future.”

    BACKGROUND
    The SkyFoundry Act of 2025 will:

    Establish a production facility and innovation facility for the production and development of small unmanned aircraft systems.
    Utilize a Government-Owned, Government-Operated Contractor Augmented (GOGO/CA) model, blending military, civilian, and contract personnel.
    Encourage public-private partnerships with industry, academia, and nonprofits.

    RRAD supports 3,500 direct jobs and over 9,100 total jobs, providing an economic impact of at least $1.6 billion annually to the region.

    MIL OSI USA News

  • MIL-OSI USA: Grassley, Crawford Call on Director Patel to Review Untapped Information Ignored by FBI in Clinton Email Investigation

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and House Permanent Select Committee on Intelligence Chairman Rick Crawford (R-Ark.) recently sent a letter to Federal Bureau of Investigation (FBI) Director Kash Patel requesting the FBI review unevaluated material related to Hillary Clinton’s use of a private email server and mishandling of highly classified information during her time as Secretary of State.

    This untapped and unreviewed information has lived within thumb drives in the FBI’s custody inside a Northern Virginia offshoot office of the FBI’s Washington Field Office since 2018. This letter was sent in response to Chairman Grassley’s efforts to get the appendix to the Department of Justice Office of the Inspector General’s (DOJ OIG) June 2018 report reviewing the DOJ and FBI’s handling of the Clinton investigation, also known as the “Clinton annex,” declassified.

    “The revelations contained in the declassified OIG appendix are at the heart of why the Federal Bureau of Investigation (FBI) became distrusted by so many under your agency’s prior directors: a failure to impartially conduct its law enforcement and intelligence mission. Concerning the issue at hand, Comey’s FBI shockingly failed to review and exploit evidence in its own possession, even though they admitted in written memos the information was necessary to conduct a ‘thorough and complete investigation.’ The FBI also failed to review and exploit other foreign intelligence information,” Grassley and Crawford wrote.

    “Therefore, we now write to stress the importance that this material be immediately dug out from hiding and properly assessed. How evidence which purportedly includes information related to ‘former President Barack Obama’s emails’ and ‘network infrastructure diagrams for U.S. government classified networks,’ remained unreviewed by the preeminent law enforcement agency in the world is mind-numbing. We know you will not similarly ignore evidence in your agency’s possession, no matter where its exploitation or conclusions might lead,” Grassley and Crawford continued.

    Read the full letter HERE.

    Notably, the declassified Clinton Annex revealed that:

    • Russian-language reports were also obtained by the FBI of discussions between then-Democratic National Committee (DNC) head, Debbie Wasserman Schultz, and George Soros’ Open Society Foundations, with suggestions concerning the deletion of evidence on Hillary Clinton’s email servers, mention of FBI’s investigation into the Clinton Foundation, and reports suggesting then-Attorney General Loretta Lynch was in contact with Hillary Clinton’s staff.
    • DOJ OIG also relied on the now-debunked Intelligence Community Assessment (ICA) on the Russia collusion hoax during its review, once again shedding light on the damage caused by the ICA’s widely spread tentacles.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Grassley: Exhaustive Efforts to Vet Emil Bove’s Nomination Prove He’s Fit for the Job

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Ahead of the Senate’s vote on the nomination of Emil Bove to be United States Circuit Judge for the Third Circuit, Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) released an exhaustive overview of his work to thoroughly vet Bove’s nomination in light of three whistleblower allegations made against the nominee.

    In a speech on the Senate floor, Grassley outlined how his team ran into challenges while attempting to review each whistleblower disclosure in good faith: “any assertion that I or my staff was uninterested in the evidence is false.”

    Grassley is a co-founder and co-chair of the Senate Whistleblower Protection Caucus.

    Bove’s letter to the committee regarding the most recent whistleblower allegations is HERE.

    Video and a transcript of Grassley’s floor remarks is below.

    [embedded content]

    Prepared Floor Remarks by Senator Chuck Grassley of Iowa

    Chairman, Senate Judiciary Committee

    “The Nomination of Emil Bove”

    Tuesday, July 29, 2025

    VIDEO

    Soon, this body will proceed to a final vote on the nomination of Emil Bove to be a judge on the Third Circuit. As I said in my statements in Committee multiple times, I support the nomination of Mr. Bove. He has a strong legal background and has served his country honorably. I believe he will be a diligent, capable, and fair jurist. My Republican colleagues on Committee agreed, and that’s why he was reported out of Committee with every Republican supporting his nomination.

    It’s no surprise to anyone who’s followed this nomination that I have serious concerns with how my Democratic colleagues have conducted themselves. The vicious rhetoric, unfair accusations and abuse directed at Mr. Bove by some on this Committee has crossed the line. I wish I could say that this posture has been limited to just this nomination, but unfortunately, it appears to be a pattern.

    Since the very beginning of this Congress, Democrats have engaged in a relentless obstruction campaign for nearly every one of President Trump’s nominees. Their playbook has included maximum procedural obstruction, unfair media attacks, repeated attempts to allege misconduct and demands for delayed consideration, records and investigations.

    This Congress alone, Democrats have sent at least 26 letters to 17 agencies or parties demanding records, delays or investigations into President Trump’s nominees just in the Judiciary Committee. Like clockwork, just before a hearing or vote, we get another breathless accusation that one of President Trump’s nominees needs to be investigated.

    I’m afraid that what we’ve seen recently on the Bove nomination has been more of the same. My Democratic colleagues have tried to weaponize my respect for whistleblowers and the whistleblowing process against me and against Mr. Bove, and I’m going to set the record straight.

    I take whistleblower complaints very seriously. During both Republican and Democratic administrations, I have spent over four decades defending patriotic whistleblowers.

    My conduct in defending whistleblowers and running bipartisan investigations stands in stark contrast to the conduct of my Democratic colleagues.

    During the first Trump administration, I defended the Ukraine whistleblower’s use of the whistleblower process—despite serious concerns about the substance of his complaint.

    When I was last Chairman, I interviewed Donald Trump Jr. and other Republicans as part of my bipartisan investigation into alleged Russian collusion—conducted through the Senate Judiciary Committee.

    But when it came to the Biden family and his Administration, despite serious allegations and overwhelming evidence of misconduct, Democrats made no effort to investigate or conduct similar interviews. In fact, they worked hard to thwart any attempt at oversight.

    These weren’t fringe claims—they involved potential crimes squarely within the Judiciary Committee’s jurisdiction.

    This administration has said Mr. Reuvini isn’t a whistleblower. I’ve publicly disagreed with that position.

    That’s the opposite posture my Democratic colleagues took with the IRS whistleblowers who blew the whistle on the Biden administration. My Democratic colleagues tried to destroy them and used the press to falsely claim they weren’t whistleblowers.

    No one can say that I don’t take whistleblower complaints seriously, or that I don’t investigate allegations in good faith. I’ve always said that my door is open to whistleblowers, and my efforts regarding the Bove nomination show this is true.

    Mr. Reuveni first made allegations against Mr. Bove the morning before his nomination hearing. The allegations broke in a New York Times story, and the paper gleefully ran the unvetted accusations without so much as giving the Justice Department or the nominee the opportunity to respond.

    The Deputy Attorney General flatly denied the allegations in a public statement, and the nominee denied them under oath both in the hearing and in response to written questions.

    Then, my Democratic colleagues received additional records from the whistleblower on July 1 and July 7 but hid them from Republicans. I didn’t receive them until July 10—the same day that Mr. Bove was scheduled for his first markup.

    The coordinated media strategy involved a New York Times exclusive about the files, and a Democratic press release containing a misleading summary of the documents—all designed to smear Mr. Bove.

    This timeline raises serious concerns, and it’s legitimate to raise them as a major problem. If my Democratic colleagues wanted to investigate allegations, they should have come to me and we could have vetted the allegations in good faith, together. They didn’t want this. They wanted to run a one-sided media campaign.

    Regardless, I still did my job and investigated.

    My staff reviewed the disclosures document-by-document and analyzed the facts. The result? Almost none of the material references Mr. Bove at all. More concerningly, the Democrat summary grossly mischaracterized the documents it purported to summarize. In short, the documents didn’t say what Democrats say they did.

    My staff also interviewed multiple people who were present for the March 14 meeting described in the whistleblower disclosure. Four separate people other than Mr. Bove who were present in the meeting told us the following:

    My staff also spoke to numerous other individuals, including many current or former Justice Department employees, who wanted to share information about the Bove nomination. All told, my staff interviewed or spoke with more than a dozen individuals who came forward to discuss the Bove nomination.

    With respect to the initial whistleblower allegations, even if you accept most of the claims as true, there’s no scandal. Government lawyers aggressively litigating and interpreting court orders isn’t misconduct—it’s what lawyers do.

    Concerningly, the Minority repeatedly recast discussion of litigation strategy as wrongdoing, even discussions that reflected the government’s official litigation positions, some of which prevailed on appeal.

    The whistleblower alleged misconduct—but ten days after the key event he describes, he signed a brief stating—without qualification—that “the Government has complied with the Court’s orders in this case.”

    If he believed the Department defied court orders, why sign a brief as an officer of the court saying it had complied?

    During the hearing, Mr. Bove firmly denied the allegations. He testified under oath: “I did not advise any Justice Department attorney to violate court orders.”

    Recent public reporting backs his account. Months before the whistleblower came forward, his former supervisor wrote in a letter that Mr. Bove advised our team that we must avoid a court order halting an upcoming operation to implement the Act at all costs. This statement confirms Mr. Bove advised his team to avoid triggering a court order, not defy one—that’s consistent with his testimony.

    That was the initial allegation, but now, on the eve of Mr. Bove’s final vote, the Democrats and their media allies have launched yet another salvo against Mr. Bove.

    On Friday, we learned from social media that two other whistleblowers allegedly have derogatory information about Mr. Bove.

    One whistleblower said that they’ve filed a complaint with the Inspector General. My staff requested the complaint and to speak with the whistleblower. Their requests were declined.

    Another group, called Justice Connection, publicly alleged that a whistleblower has evidence that Bove wasn’t truthful in his hearing, and that the whistleblower “has tried to share info with Republican senators for weeks and they haven’t responded.”

    To the extent that anyone is suggesting that I haven’t been willing to receive and consider relevant evidence—this is plainly false. I’m the Chairman of the Judiciary Committee, and I represent Republicans on this nomination. Regarding this whistleblower, my office wasn’t proactively approached.

    Indeed, since we saw these new reports on Friday, my staff proactively – and repeatedly – reached out to the whistleblower’s lawyers, asking to see the evidence that they apparently had already shared with multiple Democrats and the media.

    My staff assured them that we would review the evidence in good faith, but all weekend, my staff was stonewalled and given the runaround. Any assertion that I or my staff was uninterested in the evidence is false.

    It wasn’t until Monday morning that my staff received any information. Even then, it was bits and pieces of information created by the lawyers, not original information. My staff tried over and over to get all the information, only to be rejected.

    My staff was not shown the underlying transcript of the meeting until this morning. They were shown what was represented to be a verbatim transcript of a meeting, but we still didn’t get access to the underlying source.

    So, what did I do? I followed my usual process and asked Mr. Bove to respond to the allegations that his testimony was inconsistent with the evidence presented. And he sent me a letter doing just that. I’ll plan to make it public.

    In his letter, Mr. Bove flatly denies the allegation that he misled the Committee. He explained that he testified truthfully in response to “compound yes/no questions that sought to attribute words to me that I did not use during the February 14, 2025 video meeting.” He also responds to the attacks on his character and rejects the allegations against him.

    Viewed in light of the transcript, Bove’s responses to compound, hostile questions about specific words used a meeting that happened months before his hearing do not, to me, indicate deliberately false or misleading testimony.

    And more importantly, the substance of the meeting itself does not reflect misconduct. It reflected a sympathetic tone during a turbulent time, and appropriately characterizes the role of a Justice Department attorney. In the meeting, Mr. Bove specifically acknowledges that being a Justice Department Attorney means “Following orders from the President and from the Attorney General, unless we view them as unlawful or unethical.” He apologized to the attorneys present for the tension and told them, “I don’t want to put pressure on you.”

    This context is important.

    I’m also curious at my Democratic colleagues’ newfound interest in candor to the Committee. During the last administration, Kristen Clarke unequivocally perjured herself before the Judiciary Committee in response to written questions.

    When the information came to light after her confirmation, Democrats closed ranks and refused to join Republicans in their call to hold her accountable. Democrats likewise expressed no interest in evaluating the misleading or inconsistent testimony from numerous other Biden appointees.

    When this Committee considered the nomination of Justice Kavanaugh, I criticized the tactics the Democrats employed.

    I said:

    “The Ranking Member sat on these allegations for nearly seven weeks, only to reveal them at the eleventh hour when it appeared Judge Kavanaugh was headed towards confirmation.”

    With respect to the Bove nomination, as with other nominees this Congress, Democrats appear to have dusted off the playbook they devised against Justice Kavanaugh. They hid allegedly relevant information until a politically opportune time, and then used it as an ambush to hurt the nominee.

    As I said about the Democrats conduct during Director Patel’s nomination:

    “This is becoming a pattern, and I will not facilitate a campaign to undermine the results of the election by delaying the consideration of nominees.”

    If anyone, including my colleagues, has information regarding a nominee that they believe is relevant to their fitness for office, I expect them to share it with me in a timely and candid manner so that the allegations can be fairly vetted. My door is always open to whistleblowers, and while I may not always agree with someone else’s conclusion, I’ll always fairly consider any information brought to my office.

    My message to the three whistleblowers is this: just because I may disagree with the conclusions in a whistleblower disclosure, it doesn’t mean that I don’t support a whistleblower’s right to come forward.

    Whether I agree or disagree with a whistleblower, I’ll defend whistleblower rights.

    Reasonable minds can differ. And when I direct my staff to allocate resources away from other ongoing whistleblower projects to handle situations like Bove, their efforts ought to be respected and given good faith treatment.

    But eleventh-hour media smears by my colleagues based on information that was hidden from the Committee are unacceptable, and I won’t stand for it as a delay and obstruction tactic.

    This tactic didn’t work against Justice Kavanaugh, and it won’t work against Mr. Bove.

    I look forward to supporting Mr. Bove and urge all of my colleagues to do the same.

    -30-

    MIL OSI USA News

  • MIL-OSI: Freehold Royalties Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2025.

    Second Quarter Highlights

    • $78 million in revenue;
    • $57 million in funds from operations ($0.35/share) (1)(2);
    • $44 million in dividends paid ($0.27/share)(3);
    • 11,047 bbls/d of total crude oil and natural gas liquids (NGLs) production, a 4% increase from the previous quarter and a 13% increase year-over-year;
    • 67% weighting to liquids, an increase from 64% in the second quarter of 2024;
    • 16,584 boe/d of total production, a 2% increase from the previous quarter and a 9% increase year-over-year;
    • Gross drilling of 271 wells, comprised of 45 wells in Canada and 226 in the U.S.;
    • Continued active leasing program with 40 new leases signed during the second quarter of 2025 (34 in Canada; 6 in the U.S.) contributing revenue of $1.9 million and $5.8 million in the first half of 2025; and
    • $50.36/boe average realized price ($57.83/boe in the U.S. and $44.23/boe in Canada);
      • 31% pricing premium on Freehold’s U.S. production reflecting higher liquids weighting, higher quality crude oil and reduced transportation costs.

    President’s Message

    Freehold’s second quarter production of 16,584 boe/d increased 2% compared to last quarter and 9% from the second quarter of 2024. Our U.S. assets delivered meaningful production growth of 7% over the first quarter of 2025. Supporting this growth has been improvements in well productivity where recent new well results in both the Permian and Eagle Ford basins have demonstrated production rates more than double those of the offsetting area type curves as operators continue to enhance drilling and completion approaches. Specific to our second quarter results, this productivity increase was paired with a series of higher royalty interest developments which magnified the production impact on the quarter. In Canada, we continue to see operators focusing capital on our oil weighted plays in Mannville heavy oil, the Clearwater and southeast Saskatchewan. These three oil plays represent approximately 30% of our Canadian production and volumes have grown 10% since the second quarter of 2024 through active drilling by multiple operators on our lands in these areas.

    Our oil focused portfolio, underpinned by investment grade operators in premier basins across North America, delivered $57 million in funds from operations in the quarter, or $0.35/share(1)(2). Oil prices in the second quarter were at the lowest benchmark WTI oil price since the first quarter of 2021. For reference, our funds from operations in the first quarter of 2021 was $0.25/share – this quarter we are 40% higher, confirming the impact that Freehold’s strategic focus on growing its high quality, liquids weighted assets has had over the past four years.

    Bonus and leasing revenue remained strong generating $1.9 million during the quarter and $5.8 million in the first half of 2025. This $5.8 million represents a 50% increase from the Company’s previous record levels of lease bonus which occurred over the full year in 2018. This record level of leasing revenue has been driven by active leasing of the mineral title lands we have been acquiring in the U.S. as well as continued leasing of our legacy mineral title lands in Canada.

    In total, we paid $44 million in dividends to our shareholders this quarter while maintaining the strength of our balance sheet with net debt of $271 million, representing 1.1x trailing net debt to funds from operations(2)(5). We invested approximately $12 million in land acquisitions this quarter, purchasing undeveloped mineral title lands in the core of the Midland and Delaware basins.  

    David M. Spyker, President and Chief Executive Officer

    Operating and Financial Highlights

      Three Months Ended
    FINANCIAL ($ millions, except as noted) Q2-2025 Q1-2025 Q2-2024
    West Texas Intermediate (US$/bbl) 63.74 71.42 80.57
    AECO 5A Monthly Index (Cdn$/Mcf) 1.69 2.17 1.18
    Royalty and other revenue 78.3 91.1 84.5
    Funds from operations 56.6 68.1 59.6
    Funds from operations per share, basic ($) (1)(2) 0.35 0.42 0.40
    Dividends paid per share ($) (3) 0.27 0.27 0.27
    Dividend payout ratio (%) (2) 78% 65% 68%
    Long-term debt 292.6 294.3 228.0
    Net debt (5) 270.6 272.2 199.1
    Net debt to trailing funds from operations (times) (5) 1.1x 1.1x 0.8x
    OPERATING      
    Total production (boe/d) (4) 16,584 16,248 15,221
    Canadian production (boe/d)(4) 9,104 9,278 9,622
    U.S. production (boe/d)(4) 7,480 6,970 5,599
    Oil and NGL (%) 67% 65% 64%
    Petroleum and natural gas realized price ($/boe) (4) 50.36 59.29 59.74
    Cash costs ($/boe) (2)(4) 7.38 7.00 9.80
    Netback ($/boe) (2) (4) 42.68 53.01 49.44
    ROYALTY INTEREST DRILLING (gross / net)      
    Canada 45 / 1.1 92 / 3.9 65 / 2.1
    U.S. 226 / 0.6 230 / 0.8 209 / 1.0

    (1)  Calculated based on the basic weighted average number of shares outstanding during the period
    (2)  See Non-GAAP and Other Financial Measures
    (3)  Based on the number of shares issued and outstanding at each record date
    (4)  See Conversion of Natural Gas to Barrels of Oil Equivalent (boe)
    (5)  Net debt and net debt to trailing funds from operations are capital management measures. See Non-GAAP and Other Financial Measures.

    Dividend Announcement

    The board of directors of Freehold has declared a monthly dividend of $0.09 per share to be paid on September 15, 2025, to shareholders of record on August 29, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes.

    Drilling and Leasing Activity

    In total, 271 gross wells (1.7 net wells) were drilled on Freehold’s royalty lands during the second quarter of 2025, a decrease of 16% compared to the previous quarter primarily due to the impact of spring break-up in Canada.

    Drilling was oil focused with approximately 17% of gross wells drilled in Canada and 83% in the U.S.

      Three Months Ended
      Q2-2025 Q1-2025 Q2-2024
      Gross Net (1) Gross Net (1) Gross Net (1)
    Canada 45 1.1 92 3.9 65 2.1
    United States 226 0.6 230 0.8 209 1.0
    Total 271 1.7 322 4.7 274 3.1

    (1)  Equivalent net wells are aggregate of the numbers obtained by multiplying each gross well by our royalty interest percentage; U.S. wells on Freehold’s lands generally come on production at approximately 10 times the volume that of an average Canadian well in our portfolio.

    Canada

    Canadian drilling was down compared to the previous quarter primarily due to the impact of spring break-up and weaker AECO prices curtailing natural gas activity. Drilling during the second quarter was focused on our crude oil plays including the Clearwater (8 gross wells), southeast Saskatchewan (8 gross wells), and Mannville heavy oil (6 gross wells). Licencing activity remained consistent with 2024 on a year-to-date basis. In conjunction with improving sentiment on Canadian natural gas pricing with LNG Canada starting up, 22 wells have been licensed on our Deep Basin/Montney lands in the first half of 2025 (a significant increase from nine licenses in the first half of 2024).  

    During the second quarter of 2025, Freehold entered into 34 new leases with 10 counterparties totalling approximately $0.7 million in bonus and lease rental revenue. The majority of the new leasing was in southeast Saskatchewan.

    U.S.

    During the second quarter of 2025, 226 gross (0.6 net) wells were drilled on our U.S. lands. Approximately 86% of second quarter drilling was in the Permian basin and 13% in the Eagle Ford basin. At the end of the second quarter of 2025, Freehold had 2.2 net drilled but uncompleted wells and 2.4 net wells permitted but not yet drilled.

    Initial production for U.S. wells is approximately ten times that of an average Canadian well in the Company’s portfolio, making equivalent net well additions much more meaningful in the U.S. compared to Canada. However, a U.S. well can take upwards of six to twelve months on average from initial permit to first production, compared to three to four months in Canada.

    During the second quarter of 2025, Freehold entered into six new U.S. leases with four counterparties, totalling $1.2 million of bonus and lease rental revenue. Leasing activity was primarily in the Permian basin.

    Conference Call Details

    A webcast to discuss financial and operational results for the period ended June 30, 2025, will be held for the investment community on Thursday July 31, 2025, beginning at 7:00 AM MT (9:00 AM ET).

    A live audio webcast will be accessible through the link below and on Freehold’s website under “Events & Presentations” on Freehold’s website at www.freeholdroyalties.com. To participate in the conference call, you can register using the following link: Live Audio Webcast URL: https://edge.media-server.com/mmc/p/6t37memx.

    A dial-in option is also available and can be accessed by dialing 1-800-806-5484 (toll-free in North America) participant passcode is 8979321#.

    For further information contact

    Select Quarterly Information

      2025 2024 2023
    Financial ($millions, except as noted) Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
    Royalty and other revenue 78.3 91.1 76.9 73.9 84.5 74.3 80.1 84.2
    Net Income (loss) 6.2 37.3 51.1 25.0 39.3 34.0 34.3 42.3
    Per share, basic ($) (1) 0.04 0.23 0.33 0.17 0.26 0.23 0.23 0.28
    Cash flows from operations 57.4 62.9 59.1 64.1 47.6 52.5 70.7 53.7
    Funds from operations 56.6 68.1 61.3 55.7 59.6 54.4 62.8 65.3
    Per share, basic ($) (1)(3) 0.35 0.42 0.40 0.37 0.40 0.36 0.42 0.43
    Acquisitions & related expenditures 15.2 13.9 277.0 1.8 11.5 121.5 2.1 1.2
    Dividends paid 44.3 44.3 40.7 40.7 40.7 40.7 40.7 40.7
    Per share ($) (2) 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27
    Dividends declared 44.3 44.3 41.9 40.7 40.7 40.7 40.7 40.7
    Per share ($) (2) 0.27 0.27 0.27 0.27 0.27 0.27 0.27 0.27
    Dividend payout ratio (%) (3) 78% 65% 66% 73% 68% 75% 65% 62%
    Long-term debt 292.6 294.3 300.9 205.8 228.0 223.6 123.0 141.2
    Net debt (5)(6) 270.6 272.2 282.3 187.1 199.1 210.5 100.9 113.4
    Shares outstanding, period end (000s) 164.0 164.0 164.0 150.7 150.7 150.7 150.7 150.7
    Average shares outstanding, basic (000s) (7) 164.0 164.0 153.4 150.7 150.7 150.7 150.7 150.7
    Operating                
    Light and medium oil (bbl/d) 6,940 6,880 6,296 6,080 6,551 6,094 6,308 6,325
    Heavy oil (bbl/d) 1,557 1,552 1,516 1,315 1,348 1,300 1,182 1,127
    NGL (bbl/d) 2,550 2,203 2,066 1,972 1,902 1,884 1,878 1,678
    Total liquids (bbl/d) 11,047 10,635 9,878 9,367 9,801 9,278 9,368 9,130
    Natural gas (Mcf/d) 33,220 33,678 32,564 31,447 32,524 32,617 32,968 32,851
    Total production (boe/d) (4) 16,584 16,248 15,306 14,608 15,221 14,714 14,863 14,605
    Oil and NGL (%) 67% 65% 65% 64% 64% 63% 63% 63%
    Petroleum & natural gas realized price ($/boe) (4) 50.36 59.29 53.80 54.36 59.74 54.81 57.94 61.55
    Cash costs ($/boe) (3)(4) 7.38 7.00 5.93 5.42 9.80 7.19 4.73 5.10
    Netback ($/boe) (3)(4) 42.68 53.01 47.25 47.78 49.44 46.62 52.59 55.63
    Benchmark Prices                
    West Texas Intermediate crude oil (US$/bbl) 63.74 71.42 70.27 75.09 80.57 76.96 78.32 82.26
    Exchange rate (Cdn$/US$) 1.38 1.43 1.40 1.37 1.37 1.35 1.36 1.34
    Edmonton Light Sweet crude oil (Cdn$/bbl) 84.25 95.32 94.90 97.85 105.29 92.14 99.69 107.89
    Western Canadian Select crude oil (Cdn$/bbl) 73.96 84.30 80.75 83.95 91.63 77.77 76.96 93.05
    Nymex natural gas (US$/Mcf) 3.57 3.79 2.86 2.24 1.96 2.33 2.98 2.64
    AECO 5A Monthly Index (Cdn$/Mcf) 1.69 2.17 1.48 0.69 1.18 1.80 2.60 1.88

    (1)  Calculated based on the basic weighted average number of shares outstanding during the period
    (2)  Based on the number of shares issued and outstanding at each record date
    (3)  See Non-GAAP and Other Financial Measures
    (4)  See Conversion of Natural Gas to Barrels of Oil Equivalent (boe)
    (5)  The 2023 reported balances have been restated due to the retrospective adoption of IAS 1 (see note 3d of December 31, 2024 audited consolidated financial statements)
    (6)  Net debt is a capital management measures; see Non-GAAP and Other Financial Measures
    (7)  Weighted average number of shares outstanding during the period, basic

    Forward-Looking Statements

    This news release offers our assessment of Freehold’s future plans and operations as of July 30, 2025, and contains forward-looking statements that we believe allow readers to better understand our business and prospects. These forward-looking statements include our expectations for the following:

    • our expectations with the improving sentiment on Canadian natural gas pricing with LNG Canada starting up;
    • our expectations regarding improvements in well productivity where recent new well results in both the Permian and Eagle Ford basins have demonstrated production rates more than double those of the offsetting area type curves as operators continue to enhance drilling and completion approaches;
    • our expectation that in Canada operators will continue to focus capital on our oil weighted plays of the Mannville Stack, the Clearwater and southeast Saskatchewan;
    • our expectation that U.S. wells typically come on production at approximately ten times that of an average Canadian well in the Company’s portfolio, making net well additions much more valuable in the U.S. compared to Canada;
    • our expectations that a U.S. well can take upwards of six to twelve months on average from initial license to first production, compared to three to four months in Canada; and
    • other similar statements.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control, including general economic conditions, volatility in market prices for crude oil, NGL and natural gas, risks and impacts of tariffs (or other retaliatory trade measures) imposed by Canada or the U.S. (or other countries) on exports and/or imports into and out of such countries, inflation and supply chain issues, the impacts of the ongoing Middle-East conflicts, Russia-Ukraine war (and any associated sanctions) and actions taken by OPEC+ on the global economy and commodity prices, geopolitical instability, political instability, industry conditions, volatility of commodity prices, future production levels, future capital expenditure levels, currency fluctuations, imprecision of reserve estimates, royalties, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, inaccurate assumptions on supply and demand factors affecting the consumption of crude oil, NGLs and natural gas, inaccurate expectations for industry drilling levels on our royalty lands, the failure to complete acquisitions on the timing and terms expected, the failure to satisfy conditions of closing for any acquisitions, the lack of availability of qualified personnel or management, stock market volatility, our inability to come to agreement with third parties on prospective opportunities and the results of any such agreement and our ability to access sufficient capital from internal and external sources. Risks are described in more detail in our Annual Information Form for the year-ended December 31, 2024, available at www.sedarplus.ca.

    With respect to forward-looking statements contained in this news release, we have made assumptions regarding, among other things, future commodity prices, future capital expenditure levels, future production levels, future exchange rates, future tax rates, future legislation, the cost of developing and producing our assets, the quality of our counterparties and the plans thereof, our ability and the ability of our lessees to obtain equipment in a timely manner to carry out development activities, our ability to market our oil and gas successfully to current and new customers, the performance of current wells and future wells drilled by our royalty payors, our expectation for the consumption of crude oil and natural gas, our expectation for industry drilling levels, our expectation for completion of wells drilled, our ability to obtain financing on acceptable terms, shut-in production, production additions from our audit function, our ability to execute on prospective opportunities and our ability to add production and reserves through development and acquisition activities. Additional operating assumptions with respect to the forward-looking statements referred to above are detailed in the body of this news release.

    You are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Our actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained in this document is expressly qualified by this cautionary statement. To the extent any guidance or forward-looking statements herein constitute a financial outlook, they are included herein to provide readers with an understanding of management’s plans and assumptions for budgeting purposes and readers are cautioned that the information may not be appropriate for other purposes. Our policy for updating forward-looking statements is to update our key operating assumptions quarterly and, except as required by law, we do not undertake to update any other forward-looking statements.

    You are further cautioned that the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS), which are the Canadian generally accepted accounting principles (GAAP) for publicly accountable enterprises, requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates may change, having either a positive or negative effect on net income, as further information becomes available and as the economic environment changes.

    To the extent any guidance or forward-looking statements herein constitutes a financial outlook, they are included herein to provide readers with an understanding of management’s plans and assumptions for budgeting purposes and readers are cautioned that the information may not be appropriate for other purposes. You are further cautioned that the preparation of financial statements in accordance with IFRS requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates may change, having either a positive or negative effect on net income, as further information becomes available and as the economic environment changes.

    Conversion of Natural Gas to Barrels of Oil Equivalent (BOE)

    To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (boe). We use the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 boe ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the boe ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value.

    Non-GAAP and Other Financial Measures

    Within this news release, references are made to terms commonly used as key performance indicators in the oil and gas industry, which do not have any standardized means prescribed by Canadian generally accepted accounting principles (GAAP). We believe that net revenue, netback, dividend payout ratio, funds from operations per share and cash costs are useful non-GAAP financial measures and ratios for management and investors to analyze operating performance, financial leverage, and liquidity, and we use these terms to facilitate the understanding and comparability of our results of operations. However, these as terms do not have any standardized meanings prescribed by GAAP, such terms may not be comparable with the calculations of similar measures for other entities. This news release also contains the capital management measures net debt and net debt to trailing funds from operations, as defined in note 14 to the unaudited consolidated financial statements as at and for the three months ended June 30, 2025.

    Net revenue, which is calculated as revenues less ad valorem and production taxes (as incurred in the U.S. at the state level, largely Texas, which do not charge corporate income taxes but do assess flat tax rates on commodity revenues in addition to property tax assessments) details the net amount Freehold receives from its royalty payors, largely after state withholdings.

    The netback, which is also calculated on a boe basis, as average realized price less production and ad valorem taxes, operating expenses, general and administrative expense, cash-based management fees, cash-based interest charges and share-based payouts, represents the per boe netback amount which allows us to benchmark how changes in commodity pricing, net of production and ad valorem taxes, and our cash-based cost structure compare against prior periods.

    Cash costs, which is calculated on a boe basis, is comprised by the recurring cash-based costs, excluding taxes, reported on the statements of operations. For Freehold, cash costs are identified as operating expense, general and administrative expense, cash-based interest charges, cash-based management fees and share-based compensation payouts. Cash costs allow Freehold to benchmark how changes in its manageable cash-based cost structure compare against prior periods.

    The following table presents the computation of Net Revenue, Cash costs and the Netback:

    $/boe Q2-2025 Q1-2025 Q2-2024
    Royalty and other revenue 51.87 62.29 60.99
    Production and ad valorem taxes (1.81) (2.28) (1.75)
    Net revenue $50.06 $60.01 $59.24
    Less:      
    General and administrative expense (2.79) (3.41) (2.86)
    Operating expense (0.13) (0.13) (0.24)
    Interest and financing cash expense (2.95) (3.31) (2.87)
    Management fee-cash settled (0.01) (0.05) (0.05)
    Cash payout on share-based compensation (1.50) (0.10) (3.78)
    Cash costs (7.38) (7.00) ($9.80)
    Netback $42.68 $53.01 $49.44


    Dividend payout
    ratios are often used for dividend paying companies in the oil and gas industry to identify dividend levels in relation to funds from operations that are also used to finance debt repayments and/or acquisition opportunities. Dividend payout ratio is a supplementary measure and is calculated as dividends paid as a percentage of funds from operations.

           
    ($000s, except as noted) Q2-2025 Q1-2025 Q2-2024
    Dividends paid $44,270 $44,269 $40,686
    Funds from operations $56,600 $68,050 $59,569
    Dividend payout ratio (%) 78% 65% 68%


    Funds from operations per share,
    which is calculated as funds from operations divided by the weighted average shares outstanding during the period, provides direction if changes in commodity prices, cash costs, and/or acquisitions were accretive on a per share basis. Funds from operations per share is a supplementary measure.

    The MIL Network

  • MIL-OSI USA: McConnell Remarks at McCain Institute Russia Task Force Event

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C.U.S. Senator Mitch McConnell (R-KY), Chairman of the Senate Appropriations Defense Subcommittee, delivered opening remarks at a McCain Institute event “Highlighting Policy Recommendations for Post-War Russia.” Below are his remarks as prepared for delivery:

    It’s hard to think of a more appropriate home for the Task Force’s important work than the McCain Institute, or a more fitting ringleader than a proud McCain alumnus like Dan Twining.  

    My good friend, John McCain, was so unapologetic and clear-eyed about the scope of America’s interests. And he relished being the speck in Vladimir Putin’s eye through his solidarity with the free peoples of eastern Europe…

    He supported the expansion of the greatest military alliance in the history of the world… And stood for the right of sovereign nations to choose their destiny.

    When Putin called the fall of the Soviet Union the “greatest political catastrophe of the 20th century,” John understood that he meant it, and urged our colleagues to take Russia’s neo-Soviet ambitions seriously.

    In the not-so-distant past, that sort of clarity – acknowledging that Russia still threatened America’s interests – could invite public scorn…

    …Like the sort of sanctimonious condemnation a certain former colleague of mine received from President Obama during a prime-time debate.

    We heard that Putin would moderate… That his ambitions were limited… And that anyone who suggested otherwise was a dusty Cold Warrior past his prime.

    Well, to that I say: It is so good to be among friends!

    ***

    Needless to say, the importance of grappling with Russia’s behavior and motivations can no longer be laughed away.

    Wake-up call is perhaps the most tired phrase of the past three years.

    And yet that’s exactly what Putin’s escalation in 2022 was: an urgent, overdue, uncomfortable, and undeniable alarm.

    It was a reminder that the realities of geopolitics don’t care which region we’d rather prioritize or what we’d rather spend our treasure on. The bravery of Ukraine’s defenders and the suffering of its civilians press us to remember that our enemies get a vote.

    There are, of course, promising signs that the West has managed to free itself from the delusion that hegemonic aggressors can be appeased.

    Reports of our European allies’ rebuilding their military strength are not exaggerated.

    Nearly all NATO members today are striving toward the Baltics’ example of investment and readiness… And those who are not should hear from all of us.

    In the process, allies are making overdue sacrifices to stamp out dependency on Russian energy…

    They’re placing enormous investments in cutting-edge American-made weapons…

    And they’re proving willing to break domestic political china – even changing a Constitution or two – to unlock deeper and more sustained commitments to collective defense.

    This transformation is real. It’s well underway. And it’ll be essential to securing America’s interests in the coming decades.

    What about here at home? As friends of Ukraine, we may be tempted to dwell on the ways we drag behind this progress… and overlook the ways we underpin it.

    We may rightly be frustrated by years of murky commitments, slow-walked assistance, fear of escalation, and confusion about who the aggressor is.

    But I would suggest that, on this, America has much to be proud of.

    Just consider the cascading benefits of U.S. assistance to Ukraine: a small fraction of our defense budget has helped Ukraine resist and degrade a more powerful military aggressor.

    After years of talk and little action to address the shortcomings of our own arsenal and defense industrial base, we’ve spurred massive investments in replenishing stocks and producing deterrent capabilities faster.

    By partnering with the world’s most experienced practitioners of drone warfare, we’ve tapped into a wealth of knowledge about the changing nature of the modern battlefield. Ukraine’s expertise is teaching America today what our forces will need to prevail tomorrow.

    And as NATO’s biggest spender, America has encouraged much of our allies’ transformation.

    ***

    Of course, I don’t mean to suggest that we’ve escaped the gravitational pull of complacency and short-sightedness for good. Our allies’ progress is not assured forever. European security – and trans-Atlantic security – is not some clock to be wound once and left alone.

    Perhaps the biggest lesson of 2022 – even bigger than the need to invest urgently today – is the importance of long-term commitments, and steady, annual investments in defense.

    And on this front, America must continue to lead by our example. We simply cannot expect allies to reach and sustain five percent if we’re only willing to spend three-and-a-half, ourselves.

    A strategy to lead from behind is no strategy at all. And as the Task Force makes perfectly clear, this goes beyond spending targets – it’s about presence, too.

    Even as our allies and partners build more lethal forces, there’s still no more credible deterrent than American commitment.

    No wonder European allies generously support rotational deployments of U.S. troops and invest in state-of-the-art training ranges for joint exercises. These commitments improve our collective readiness and interoperability, and they’re worth sustaining.

    The task of illustrating the strategic importance of Europe to America’s security interests is not ours, alone. In fact, for years now, there’s been no more effective communicator of what’s at stake in Ukraine – strategically and morally – than Putin, himself.

    As he continues to throw a generation into the meat-grinder of combat and target Ukrainian mothers and children at will, Putin is sending a clear message.

    And in the face of his brutal aggression and public revisionism, overwhelming majorities of Americans recognize Russia as our adversary… and see that the outcome of Putin’s war of conquest matters immensely to us.

    Much to the dismay of restrainers and isolationists who thought they’d get to freelance American foreign policy, the President of the United States increasingly sees Putin’s signals for what they are.

    The President has been right to recognize Putin’s play for time. He’s been right to entertain proposals for new, secondary sanctions. Most importantly, he’s been right to green-light further lethal assistance to Ukraine.

    I’ve said this before: Stopping the killing is a noble goal, but the price of peace matters. And there will be no enduring peace unless Ukraine is equipped to credibly deter further aggression from Russia.

    ***

    The appetite of neo-Soviet imperialism does not end with Ukraine. How do we know?

    Because Putin’s predecessors subjugated far wider swaths of Europe…

    Because he invaded Georgia…

    And because, as we speak, his troops are in Moldova, too!

    Nations that have spent centuries in Russia’s shadow do not stumble westward by accident.

    Finland and Sweden did not join NATO out of symbolic solidarity with Ukraine.

    They did it because they know that Putin wants more.

    So the Task Force is right to take the long view and grapple seriously with what comes next.

    What comes next for the trans-Atlantic alliance?

    What comes next for the increasingly aligned authoritarians working to undermine U.S. interests and influence?

    What comes next for America and our ability to defend these interests and preserve this influence?

    As you put it, our deterrence is not divisible. And I would add: this is because our credibility is not divisible.

    No U.S. ally in the Indo-Pacific has time to waste on the notion that the implications of deterrence in Europe are confined to a separate sphere of influence.

    No ally in Europe can afford to miss the crystal-clear connection between Russian aggression and support from China, North Korea, and Iran.

    The consequences of America’s strategic decisions still ripple across oceans and continents with equal speed.

    And a headline that reads “Russia Wins, America Loses” will read as clearly in Beijing, Tehran, and Pyongyang as it does here in Washington.

    Avoiding that outcome will take more work from all of us. Thank you for all you’re doing.

    MIL OSI USA News

  • MIL-OSI USA: Boozman, Cotton Back Effort to Establish Drone Production Facility at Red River Army Depot

    US Senate News:

    Source: United States Senator for Arkansas – John Boozman

    WASHINGTON—U.S. Senators John Boozman (R-AR) and Tom Cotton (R-AR) joined Senators Ted Cruz (R-TX) and John Cornyn (R-TX) to introduce the SkyFoundry Act of 2025, legislation to establish a Department of Defense drone production facility at the Red River Army Depot to develop, produce and field drones for the Department of Defense.

    “The men and women of the Red River Army Depot are committed to providing our servicemembers with the tools they need to defend our nation,” said Boozman. “With unmanned aircraft systems playing an increasingly prominent role in modern warfare, tasking them with developing and sustaining an adequate supply of drone systems would be a win for this skilled workforce and our armed forces. I am pleased to join my colleagues to champion this effort and the Arkansans whose vital contributions to Red River support our national security and local economy.”

    “Large-scale manufacturing of small drones is critical to the Army’s current and future operational capability,” said Cotton. “This bill is a win for national security and for Arkansas as the Skyfoundry program presents a unique opportunity to more fully utilize the Army’s organic industrial base by positioning Red River Army Depot to meet the Army’s emerging requirements.”

    “Establishing a drone manufacturing facility at the Red River Army Depot will help ensure that the United States remains at the forefront of drone production,” said Cruz. “I’m proud to see the Lone Star State continuing to lead in defense innovation, and I look forward to working with my colleagues in Congress to swiftly pass this legislation.”

    “Russia and China are currently outpacing America in scalable drone production and investment, making us vulnerable to national security threats if left unmatched,” said Cornyn. “This legislation seeks to close this gap and help ensure America remains competitive with our foreign adversaries by establishing a new innovation and production facility that would rapidly improve our ability to develop, test, and mass-produce small unmanned aircraft systems.”

    Specifically, the SkyFoundry Act of 2025 will:

    • Establish a production facility and innovation facility for the manufacturing and development of small unmanned aircraft systems;
    • Utilize a Government-Owned, Government-Operated Contractor Augmented (GOGO/CA) model, blending military, civilian and contract personnel; and
    • Encourage public-private partnerships with industry, academia and nonprofits.

    Boozman has continually championed efforts to support the Red River Army Depot,  successfully securing $47 million in 2024 for workforce support and recently advancing an additional $93 million in funding through the Senate Military Construction, Veterans Affairs, and Related Agencies (MilCon-VA) Appropriations Subcommittee as part of the FY 2026 MilCon-VA Appropriations Act.  

    This legislation is supported by the Texarkana Chamber of Commerce and the TexAmericas Center.

    Companion legislation was introduced in the U.S. House of Representatives by Congressman Pat Harrigan (NC-10).

    The bill text is available here.

    MIL OSI USA News

  • MIL-OSI Security: U.S. Coast Guard Captain of the Port sets Guam and CNMI ports to Heavy Weather Condition Yankee amid tsunami advisory

    Source: United States INDO PACIFIC COMMAND

    SANTA RITA, Guam — The U.S. Coast Guard Captain of the Port set Guam and the Commonwealth of the Northern Mariana Islands ports to Heavy Weather Condition Yankee on Wednesday, July 30, as of 11:30 a.m., affecting commercial vessels at or over 200 gross tons, in response to a tsunami advisory triggered by a major earthquake off Russia’s Kamchatka Peninsula.

    MIL Security OSI

  • MIL-OSI Russia: Tbilisi celebrated the 98th anniversary of the founding of the People’s Liberation Army of China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    Tbilisi, July 29 (Xinhua) — The Chinese Embassy in Georgia held a reception in Tbilisi to mark the 98th anniversary of the founding of the People’s Liberation Army (PLA).

    The event was attended by employees of the Georgian Ministry of Defense, high-ranking government officials, members of parliament, foreign ambassadors, military attachés, as well as representatives of the media, Chinese and Georgian companies and public circles.

    The ceremonial part began with the performance of the national anthems of China and Georgia. The first vice-speaker of the Georgian Parliament, Gia Volski, delivered a congratulatory message on behalf of the country’s legislative body. He noted that China was one of the first countries to recognize Georgia’s independence, stressed the importance of China’s support for Georgia’s sovereignty and territorial integrity within its internationally recognized borders, and reaffirmed Georgia’s unwavering commitment to the one-China principle.

    G. Volsky also emphasized the strategic importance of Georgia as a bridge between Europe and Asia and noted the country’s role in the Belt and Road initiative, especially within the framework of the Trans-Caspian International Transport Route.

    He recalled the results achieved in bilateral cooperation, including the free trade agreement of 2018, the establishment of a strategic partnership in 2023 and the introduction of a visa-free regime from 2024. According to him, in 2024, trade turnover between Georgia and China exceeded $1.9 billion. The Vice Speaker expressed confidence in the further strengthening of the Georgian-Chinese partnership and thanked the Ambassador of the People’s Republic of China to Georgia Zhou Qian for his contribution to the development of bilateral relations.

    In his speech, Zhou Qian noted that the PLA, created and led by the Communist Party of China, has grown from nothing to become strong in its 98-year history. The army has made invaluable contributions to the liberation of the Chinese people, the construction of a socialist country, the protection of national sovereignty and security, and the maintenance of peace and stability throughout the world, he added.

    The ambassador stressed that China deeply appreciates the contribution of the Georgian people to the victory in the world anti-fascist war. According to the diplomat, China and Georgia are countries with an ancient civilization and a rich historical heritage. China has always supported Georgia in protecting its sovereignty and territorial integrity, as well as in striving for sustainable development in accordance with national conditions, Zhou Qian said.

    The Ambassador emphasized that China, as one of the first countries to sign the UN Charter and a permanent member of the Security Council, is ready to continue to actively cooperate with all countries of the world, including Georgia. He expressed readiness to jointly promote the correct view of history, defend the results of the victory in World War II and support the international system, the core of which is the UN. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News