Category: Transport

  • MIL-OSI Africa: Niger’s Prime Minister Joins African Energy Week (AEW) 2025 as Country Eyes Increased Oil Exports

    Mahamane Lamine Zeine, Prime Minister of the Republic of Niger, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference as a speaker. During the event – which takes place September 29 to October 3 in Cape Town – Zeine is expected to share insight into the country’s oil and gas projects, detailing initiatives being implemented to increase production and crude exports.

    As the largest event of its kind in Africa, AEW: Invest in African Energies represents a strategic platform for African countries to not only promote their respective energy opportunities but foster cross-border collaboration and regional ties. Niger has been leveraging regional relations in recent months to advance oil exports, with infrastructure projects such as the Niger-Benin pipeline. The 100,000 barrel-per-day pipeline started operations in 2024, with oil successfully reaching the town of Sémè Kraké in Benin. The pipeline spans 1,950km and connects Niger’s Agadem oilfields to the Atlantic Ocean. During AEW: Invest in African Energies 2025, Zeine is expected to highlight the impact of the pipeline and how the project will support future oil and gas developments by providing a direct route to export markets.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    With the start of operations of the Niger-Benin pipeline, Niger is well-positioned to increase crude production. The country is currently promoting new investments in exploration blocks, with several milestones achieved in several months. Algeria’s national oil company (NOC) Sonatrach – in partnership with Niger’s NOC Sonidep – announced plans to revive exploration activities in the country. The companies signed a memorandum of understanding (MoU) in 2024, committing to exploring opportunities for cooperation. The agreement paves the way for the companies to form partnerships in exploration, production, refining, petrochemicals and petroleum product distribution. Sonatrach is currently engaged in the country’s Kafra block in northern Niger. The block has featured two exploration wells – KFR-1 and KFRN-1 -, with the discovery of 168 million barrels and 100 million barrels of proven and probably oil reserves, respectively.

    Sonatrach is also looking at constructing a refinery and petrochemical complex in Dosso, situated in southwestern Niger. The refinery will have an initial capacity of 30,000 bpd, with potential expansion to 100,000 bpd. Following its completion, the refinery is expected to offer low-cost fuel products for the domestic market. Meanwhile, under the terms of a signed agreement, Sonatrach will provide specialized training program for Nigerien engineers and technicians at Algerian refineries, supporting skills development in Niger.  

    Niger currently produces approximately 20,000 bpd of crude from the Agadem Rift Basin. In 2024, China National Petroleum Corporation signed a deal worth $400 million for the sale of crude from the Agadem oilfield. This signals new opportunities for crude exports and comes as players in the country make strides towards increasing production. Notably, oil and gas company Savannah Energy is a key player in Niger’s hydrocarbon sector. The company plans to increase production to 5,000 bpd through the development of recently-discovered oil blocks. Savannah’s hydrocarbon license interests cover approximately 13,655 km² – representing 50% of the country’s main petroleum basin, the Agadem Rift Basin. The company has identified 35 million barrels of gross 2C resources across its R3 East discoveries, with an additional 90 million barrels of gross unrisked prospective resources identified from five prospects and leads within tie-in distance to the planned R3 East facilities. With five wells drilled and five discoveries to date, Savannah Energy has witnessed significant success in Niger.

    “Niger has significant potential to become a major crude exporter, with projects such as the Niger-Benin pipeline poised to play an instrumental part in getting Nigerien crude to global markets. To unlock the true potential of this project, Niger requires significant investment across the upstream sector. Insights shared at AEW: Invest in African Energies 2025 will support future deal-signing and exploration,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa

  • MIL-OSI Russia: Uzbekistan exported $17.1 million worth of tomatoes in the first five months of 2025

    Translation. Region: Russian Federal

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

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

    Tashkent, June 30 (Xinhua) — Uzbekistan exported 17.1 thousand tons of tomatoes worth $17.1 million in the first five months of this year, Uzbek media reported on Monday, citing data from the National Statistics Committee of the Republic of Uzbekistan.

    It is reported that among the countries to which the export was carried out, Russia was the main buyer, with 14 thousand tons of products sent there.

    After Russia, Kazakhstan and Kyrgyzstan were the main buyers of Uzbek tomatoes, where 1.6 thousand and 1.4 thousand tons were exported, respectively. –0–

    MIL OSI Russia News

  • MIL-OSI USA: Senator Marshall Announces Funding for Homeless Veterans in South Central Kansas

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington – U.S. Senator Roger Marshall, M.D. (R-Kansas), is pleased to announce the awarding of $500,000 in funding from the U.S. Department of Labor to the Workforce Alliance Center of South Central Kansas for homeless veterans reintegration. 
    “As a veteran myself, I believe that our nation should do all it can to support those who have served their country,” said Senator Marshall. “As Kansas and the Wichita community continue to develop programs and opportunities to help homeless individuals learn skills and gain employment, the Workforce Alliance’s focus on veterans will provide unique services for members of that community. The targeted service area of the Workforce Center faces unique challenges, including a poverty and violent crime rate that is greater than the national average.” 
    The Homeless Veterans’ Reintegration Program (HVRP), Incarcerated Veterans’ Transition Program (IVTP), and the Homeless Women Veterans and Homeless Veterans with Children Reintegration Grant Program (HWVHVWC) grant from the Department of Labor will provide the Workforce Center and resources it needs to serve the veteran community, help members overcome unique obstacles and re-enter the workforce.

    MIL OSI USA News

  • MIL-OSI Video: Health Care Fraud Takedown Results in 324 Defendants in Connection with over $14.6B Alleged Fraud

    Source: United States Department of Justice (video statements)

    The Justice Department announced the results of its 2025 National Health Care Fraud Takedown, which resulted in criminal charges against 324 defendants, including 96 doctors, nurse practitioners, pharmacists, and other licensed medical professionals, in 50 federal districts and 12 State Attorneys General’s Offices across the United States, for their alleged participation in various health care fraud schemes involving over $14.6 billion in intended loss. The Takedown involved federal and state law enforcement agencies across the country and represents an unprecedented effort to combat health care fraud schemes that exploit patients and taxpayers.

    Related: https://www.justice.gov/opa/pr/national-health-care-fraud-takedown-results-324-defendants-charged-connection-over-146
    https://www.justice.gov/opa/speech/supervisory-official-matthew-r-galeotti-delivers-remarks-regarding-health-care-fraud

    https://www.youtube.com/watch?v=dFtO2fL97gY

    MIL OSI Video

  • MIL-OSI United Nations: UNDRR deepens support for local resilience at the 12th European Urban Resilience Forum

    Source: UNISDR Disaster Risk Reduction

    The 12th European Urban Resilience Forum (EURESFO), held in Rotterdam, the Netherlands from 25-27 June 2025, provided an important platform for urban resilience practitioners to reinforce their commitment to accelerating local action on resilience, climate adaptation, and disaster risk reduction in the context of growing urban challenges. 

    As urban areas in Europe and beyond face cascading risks-from heatwaves and floods to geopolitical instability and infrastructure stress-UNDRR used the platform to underscore the critical role of local governments in driving meaningful disaster risk reduction and climate adaptation. 

    In a video message to the Forum’s opening plenary, Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, emphasized three global priorities: strengthening local implementation of DRR strategies, unlocking resilience financing, and scaling up community-driven innovation. 

    “If we do not reduce risk at the local level, we will not succeed in reducing losses at the global level,” he stated, calling for stronger investment and partnerships to translate plans into action. 

    UNDRR’s active engagement throughout the Forum showcased its commitment to supporting cities through the Making Cities Resilient 2030 (MCR2030) initiative. Yigyeong Oh, MCR2030 Regional Focal Point for Europe and Central Asia, spoke in multiple sessions, including the opening plenary “Resilience in Crisis: Accelerating Action for a Just Future” and the panel discussion “Building Urban Resilience in an Era of Polycrisis: The Holistic Agenda.” She highlighted how MCR2030 has grown into a global movement of over 1,850 cities, supporting local governments with risk-informed governance, resilience assessments, and stakeholder collaboration. 

    “In a time of polycrisis, resilience is not a siloed agenda,” Oh noted. “Cities are facing overlapping challenges-climate shocks, economic pressures, and social inequality-and MCR2030 enables them to plan holistically, act collectively, and learn globally.” 

    UNDRR also co-moderated the workshop “Local Action to Address Extreme Heat – CitiesHitRefresh,” which addressed one of the fastest growing disaster risks in Europe. Zdravko Maxomovic from Kraljevo, an MCR2030 city from Serbia, shared its practical experiences in managing heat risks and contributing to the upcoming second edition of UNDRR’s Flames of Change report, a knowledge product documenting inclusive urban resilience solutions. 

    Nature-based solutions were another key theme. UNDRR supported the session “Collaborate, Educate, Transform: Building the Future of Nature-Based Solutions in Cities,” where Małgorzata Bartyna-Zielińska from the City of Wrocław, an MCR2030 Resilience Hub, presented its award-winning LifeCOOLCity project. The session underscored the power of peer learning through networks like MCR2030.

    Beyond technical sessions, UNDRR joined ICLEI and other partners for a side meeting with Ukrainian cities, including Lviv, an MCR2030 Resilience Hub, focused on the Ukraine Recovery Roadmap and aligning international support with local resilience priorities. 

    UNDRR also pitched the MCR2030 Climate Resilience Addendum to the Disaster Resilience Scorecard for Cities during the pitch session, offering cities a practical tool to assess and enhance resilience to climate-related risks. 

    As the Forum concluded, a common message resonated across sessions: Europe has a unique role in shaping standards, fostering multilevel governance, and investing in long-term resilience. UNDRR reaffirmed its commitment to advancing these goals by supporting local governments with tools, knowledge, and partnerships through MCR2030 and other initiatives. With the urgency of accelerating resilience action, the Forum reinforced the need for collective action-local leadership supported by global collaboration-to ensure no city is left behind.

    MIL OSI United Nations News

  • MIL-OSI Canada: Judicial appointment advances access to justice

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI USA: Jabil Selects Rowan County for Nearly 1,200 New Jobs and $500 Million Multi-Year Investment

    Source: US State of North Carolina

    Headline: Jabil Selects Rowan County for Nearly 1,200 New Jobs and $500 Million Multi-Year Investment

    Jabil Selects Rowan County for Nearly 1,200 New Jobs and $500 Million Multi-Year Investment
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced Jabil Inc., a leader in engineering, supply chain, and manufacturing solutions, expects to create 1,181 new jobs in Rowan County. The company says it will invest approximately $500 million over several years to establish a manufacturing facility to support cloud and AI data center customers.

    “Companies that are already operating in North Carolina know the value of doing business in our state better than anyone,” said Governor Josh Stein. “We welcome Jabil’s expansion, and we are committed to further developing the largest manufacturing workforce in the southeast and the business-friendly climate they need for this next phase of growth.”

    Headquartered in St. Petersburg, Florida, Jabil has a global footprint that spans more than 25 countries and 140,000 employees. The company has 30 locations across the United States, including three in North Carolina. Jabil supports customers across various industries, including AI data center infrastructure, healthcare, warehouse automation, and robotics.

    “The drive to build AI data centers is only accelerating in the United States,” said Matt Crowley, Executive Vice President, Global Business Units. “We are excited to help meet that demand, provide additional scale and capabilities for our data center customers, and empower the AI solutions of the future with Jabil’s new facility here in Rowan County.”

    “North Carolina has a proven track record of cultivating an environment where companies like Jabil can manufacture innovative solutions for the global economy,” said Commerce Secretary Lee Lilley. “Our ecosystem of workforce training partnerships, Tier 1 research, and growing supply chain is sure to ignite the advancement of this next generation technology and provide the company a great return on its investment.”

    Jabil plans to offer job opportunities to attract skilled manufacturing and engineering professionals. These new jobs could create a potential annual payroll impact of more than $73.2 million for the region. 

    Jabil’s expansion in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $3.2 billion. Using a formula that takes into account $264 million of the company’s investment as well as the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $11,251,800, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 115 percent, meaning for every dollar of potential cost to the state, the state receives $2.15 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    Because Jabil chose to locate to Rowan County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving $1,250,200 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 2 county such as Rowan, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “We welcome Jabil to Rowan County,” said Senator Carl Ford. “These new jobs are proof that our state and local investments to prepare for announcements like this are paying off for both our existing industry and local economy.”

    “This is outstanding news for our region,” said Representative Harry Warren. “Our community is centrally located along to East Coast, and thanks to the state’s well-connected transportation network, Jabil can easily access the global market.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, N.C. Commerce’s Division of Workforce Solutions, the North Carolina Community College System, Rowan-Cabarrus Community College, Rowan County, and Rowan Economic Development Council.

    With this announcement, since January 1st, Governor Stein has announced business expansions or new projects that will make nearly $17 billion of new capital investment in North Carolina and create more than 19,000 new good-paying jobs.

    To learn more about job opportunities at Jabil, please visit the Jabil Careers site.

    Jun 30, 2025

    MIL OSI USA News

  • MIL-OSI: PBK Miner Allocates $1 Million Reward Pool for New AI-Powered 1-Day Mining Contract

    Source: GlobeNewswire (MIL-OSI)

    Carshalton, UK, June 30, 2025 (GLOBE NEWSWIRE) — PBK Miner, a leading global crypto asset management platform, has officially launched its innovative “1-day contract”, providing new users with a flexible, low-risk way to experience the platform’s capabilities. The product launch coincides with a major promotion with a total giveaway of more than $1 million, with each new registered user receiving a $10 bonus.

    Click here to learn more about PBK Miner.

    What is PBK Miner? Why buy it now?

    PBK Miner has built an intelligent, convenient and sustainable crypto asset management ecosystem. At its core is the proprietary PBK-AI system, which dynamically reconfigures assets between high-potential cryptocurrencies based on real-time market data to optimize returns.

    With the launch of “1-Day Contract”, PBK Miner [pbkminer.com] transforms from a high-performance niche platform to an open model that welcomes retail traders and everyday investors around the world.

    The platform currently serves more than 8 million users in 183 countries, with recent performance metrics including:

    5-day contract strategy: +6.17% return

    15-day contract strategy: +20.9% return

    30-day contract strategy: +55.8% return

    These numbers represent actual user results (not predictions), demonstrating PBK Miner’s AI-driven revenue optimization and results-centric operating model.

    “1-Day Contract” Release Details:

    This new product is available today on PBK Miner’s web and mobile platforms. Priced at just $10, with daily earnings of $0.60, it provides an easy entry point into PBK Miner’s growing ecosystem.

    Community Rewards Event with Over $1 Million

    To celebrate the launch, PBK Miner has launched a board-approved bounty program of over $1 million. The event provides a truly hassle-free trial opportunity – all new registered users can receive a $10 bounty, which will be credited to their account dashboard.

    Click here to become a new PBK Miner user.

    Limited-time event highlights:

    – 24-hour intensive mining window: Designed to accelerate earnings, users can mine XRP in a time-optimized manner.

    $1 million mining reward: PBK Miner offers structured reward levels of $10/$40/$1,900/$4,900 to encourage new and old miners to participate.

    Increased daily income: During the event, participants will enjoy higher than usual mining income.

    This bold marketing move is designed to attract new users, encourage sharing, and showcase the core product value of PBK Miner.

    Click here to view the limited-time mining event.

    What it means for cryptocurrency investors

    PBK Miner combines AI innovation, fintech advancements, and practical cryptocurrency functionality – three powerful elements that resonate with cryptocurrency investors around the world. It delivers returns without requiring deep technical or trading expertise.

    Why PBK Miner is the first choice for both new and experienced XRP miners:

    – No equipment required: Get institutional-grade mining power instantly.

    – Zero maintenance fees: PBK Miner takes care of power, cooling, and hardware maintenance – users just need to activate the plan.

    – $10 welcome bonus: Every new user gets a sign-up bonus and a daily login bonus.

    – Daily income + fund security: Users earn income daily, and the principal is returned at contract expiration. Focusing on measurable performance rather than hype, PBK Miner has become a lasting value proposition in the cryptocurrency investment ecosystem.

    About PBK Miner

    PBK Miner is operated by PBK FINANCIAL SERVICES LTD (Company Number: 12272456), which represents a new digital asset platform – data-driven, performance-focused, and globally trusted. Since its establishment in 2019, the Leyland-based company has grown into one of the most popular cryptocurrency investment opportunities for return-oriented (rather than speculative) investors this year.

    Full details and how to participate: https://pbkminer.com/

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network

  • MIL-OSI: The Herzfeld Caribbean Basin Fund, Inc. Pays Distribution

    Source: GlobeNewswire (MIL-OSI)

    MIAMI BEACH, Fla., June 30, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made the following distribution pursuant to the Fund’s Managed Distribution Policy (the “Policy”):

    Declaration
    Date
    Ex-Date Record Date Payment Date Per Share
    05/09/2025 05/23/2025 05/23/2025 06/30/2025 $0.2325

    The distribution for stockholders has been paid in cash or shares of the Fund’s common stock at the election of stockholders. The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately 80%) was paid in the form of shares of the Fund’s common stock. The exact distribution of cash and stock to any given stockholder was dependent upon his/her election as well as elections of other stockholders, subject to the pro-rata limitation.

    The price used to calculate the number of shares to be issued in lieu of cash is $2.4618, which was determined using the volume weighted average price per share of the Fund on June 12, 13 and 16, 2025. The total amount of cash and shares distributed under the Policy was as follows:

    Total Cash Total Shares
    $731,093.39 1,187,755.00

    Stockholders who elected to receive the distribution solely in shares of common stock and stockholders who did not make an election will receive approximately 0.0944 shares of common stock for each share of common stock they owned on the record date of May 9, 2025. Holders of approximately 50.62% of the Company’s common stock elected to receive only stock or did not make an election.

    Stockholders electing to receive the distribution in all cash will receive cash in the amount of $0.09418 per common share, or approximately 40.51% of the $0.2325 distribution, and 0.0562 shares of common stock, or approximately 59.49% of the total distribution for each share of common stock they owned on the record date of May 9, 2025. Cash in lieu of fractional shares will be issued, if applicable. Total outstanding shares of the Company’s common stock following the distribution will be approximately 16,908,652.

    The primary purpose of the Policy is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution (currently set at the annual rate of 15% of the Fund’s net asset value as determined on June 30, 2024). Under the Policy, distributions may be made at quarterly, semi-annual or annual periods of distribution and are reviewed by the Board each quarter. This allows the Fund to maintain its 15% annual distribution of NAV, but provides flexibility in determining the timing of those distributions in order to account for required year-end regulatory distributions of capital gains necessary to maintain the Fund’s tax-free status.

    The Fund cannot predict what effect, if any, the Policy will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Policy

    Under the Policy, the Fund will distribute all available investment income to its stockholders, consistent with its investment objective and as required by the Internal Revenue Code of 1986, as amended (the “Code”). The amount distributed per share is subject to change at the discretion of the Board.   If sufficient investment income is not available on a quarterly basis, the Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain its managed distribution level. The Fund is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. Please note that for shareholders enrolled in the Fund’s Dividend Distribution Reinvestment Plan, the distribution will be reinvested in additional shares of the Fund as described in the Policy.

    The Fund expects that distributions under the Policy will exceed investment income and available capital gains and thus expects that distributions under the Policy will likely include returns of capital for the foreseeable future. A return of capital may occur, for example, when some or all of a stockholder’s investment is paid back to the stockholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Furthermore, a return of capital distribution is not a guarantee of future distributions or yield.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio. In addition, in order to maintain the level of distributions called for under its Policy, the Fund may have to sell portfolio securities at a less than opportune time.

    The following table sets forth the estimated amounts of the current distribution and the cumulative distributions declared this fiscal year to date from the following sources: net investment income, net realized capital gains and return of capital. All amounts are expressed per common share.

      Current Distribution % Breakdown of the Current Distribution Total Cumulative Distributions for the Fiscal Year to Date % Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date
    Net Investment Income $0.00 0%   $0.00 0%  
    Net Realized Short-Term Capital Gains $0.00 0%   $0.00 0%  
    Net Realized Long-Term Capital Gains $0.2122 91.25%   $0.2122 45.6%  
    Return of Capital $0.0203 8.75%   $0.2528 54.4%  
    Total (per common share) $0.2325 100%   $0.4650 100%  
    Average annual total return (in relation to NAV) for the 5-year period ending on May 30, 2025 2.52%  
    Annualized current distribution rate expressed as a percentage of NAV as of May 30, 2025 17.55%  
    Cumulative total return (in relation to NAV) for the fiscal year through May 30, 2025 0.09%  
    Cumulative fiscal year distributions as a percentage of NAV as of May 30, 2025 17.55%  


    No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Policy.

    The amount distributed per share is subject to change at the discretion of the Board. The Policy is subject to ongoing review by the Board to determine whether it should be continued, modified or terminated. The Board may amend the terms of the Policy, suspend the Policy, or terminate the Policy at any time without prior notice to the Fund’s stockholders if it deems such actions to be in the best interest of the Fund or its stockholders. The amendment or termination of the Policy could have an adverse effect on the market price of the Fund’s shares. On May 9, 2024, the Board approved certain modifications to the Policy and extended the Policy through June 30, 2025.

    With each distribution that does not consist solely of net investment income, the Fund will issue a notice to stockholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to stockholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send stockholders a Form 1099-DIV for the respective calendar year that will tell them how to report these distributions for federal income tax purposes. Stockholders should consult their tax advisor for proper tax treatment of the Fund’s distributions.

    About Thomas J. Herzfeld Advisors, Inc.

    Thomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds. The Firm also specializes in investment in the Caribbean Basin. The HERZFELD/CUBA division of Thomas J. Herzfeld Advisors, Inc. serves as the investment advisor to The Herzfeld Caribbean Basin Fund, Inc. a publicly traded closed-end fund (NASDAQ: CUBA).

    More information about the advisor can be found at www.herzfeld.com.

    Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.

    Forward-Looking Statements

    This press release, and other statements that TJHA or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or TJHA’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. TJHA and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and TJHA and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, particularly with respect to Cuba and other Caribbean Basin countries, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or TJHA, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or TJHA or the Fund; (9) TJHA’s and the Fund’s ability to attract and retain highly talented professionals; (10) the impact of TJHA electing to provide support to its products from time to time; (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (12) the effects of an epidemic, pandemic or public health emergency, including without limitation, COVID-19. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on TJHA’s website at www.herzfeld.com/cuba, and may discuss these or other factors that affect the Fund. The information contained on TJHA’s website is not a part of this press release.

    Contact:
    Tom Morgan
    Chief Compliance Officer
    Thomas J. Herzfeld Advisors, Inc.
    1-305-777-1660

    The MIL Network

  • MIL-OSI Economics: Members spotlight transparency and development in discussions on standards and regulations

    Source: WTO

    Headline: Members spotlight transparency and development in discussions on standards and regulations

    Daniela García of Ecuador handed over the Committee Chairperson role to Beatriz Stevens of the United Kingdom.
    Transparency and notification practices
    The week opened with a special meeting on transparency, featuring speakers from various regions, complemented by interactive discussions in breakout groups among all members. Representatives from TBT Enquiry Points shared their experiences on domestic institutional arrangements related to transparency, on opportunities to comment on members’ notifications and on ensuring timely preparation and submission of TBT notifications. Speakers emphasized the importance of timely consultation of all stakeholders in the regulatory process to improve the quality of regulations.
    Representatives from the private sector shared how they use the ePing platform to track, in real time, the 4,000+ notifications on product requirements circulated annually. They shared examples of how members viewed technical comments positively in the development of regulations, helping to further align them with international standards and avoid unnecessary trade disruptions.
    Throughout the session, members highlighted the benefits of using ePing to track information and meet transparency obligations. They welcomed the launch of a new feature in ePing where users can quickly receive translations of notified texts from non-WTO official languages into English, French and Spanish.  They also made suggestions to further facilitate stakeholders’ access to ePing and keep track of developments in product regulations.
    Members noted the significant progress made by the TBT Committee in strengthening transparency practices since the last special meeting in 2023. This includes the adoption of updates and improvements to the notification templates and guidelines as well as the finalization of a good practice guide for commenting . These improvements build on the work of the Transparency Working Group, reflecting continued efforts to streamline procedures and enhance access to information.  The recording of the special meeting can be watched here.
    Thematic session: special and differential treatment 
    A dedicated thematic session held on 24 June examined how developing and least-developed country members can better use flexibilities under the TBT Agreement. In particular, the session explored members’ experiences in using special and differential treatment disciplines under the Agreement, members’ engagement in the Committee’s work and the need for targeted capacity-building activities, including for developing quality infrastructure.
    The session drew on the themes of the Thirteenth WTO Ministerial Conference Declaration on Special and Differential Treatment, with the participation of Ambassador Kadra Hassan of Djibouti, Chair of the Committee on Trade and Development in Special Session. The panel discussion featured speakers from Brazil, Cambodia, Ecuador, Kenya, Senegal, Uganda, Viet Nam and Zambia. The recording of the session can be watched here. 
    Specific trade concerns 
    A total of 78 trade concerns regarding members’ proposed and final TBT regulations were raised at the Committee’s regular meeting. Among these, 20 were raised for the first time. The full list is available here. 
    The new trade concerns addressed a wide variety of regulatory issues related to home appliances, cotton bales, industrial chemicals, energy and warehouse storage systems, electrical equipment safety, biodegradable plastic products, and vehicles, among others. 
    Japan reported that progress was made on the trade concerns it had raised on certain provisions of China’s standard for information security technology for office devices, noting that such provisions have now been deleted, and thanking China for its cooperation.
    Side events and training: practical tools and partnerships
    Two ePing training sessions, led by the WTO Secretariat, were held on 25 and 26 June. 
    In addition, three side events were organized. The United States hosted a workshop on international standards for food and agriculture traceability on 24 June, led by the standards organization ASTM. On 25 June, the International Trade Centre showcased how quality and sustainability standards support development, with a case study from Burundi and a demonstration of the Standards Map tool.  On 26 June, the United Kingdom and the International Chamber of Commerce UK led a session on market access challenges and how tools such as ePing can support private sector engagement in members’ work on TBT and on sanitary and phytosanitary measures.
    What is next?
    The next TBT Committee meetings will be held from 10 to 14 November. Thematic sessions will focus on international standards for critical and emerging technologies, including AI, semiconductors and positioning systems, as well as good regulatory practices and metrology. A cross-cutting discussion on non-tariff measures under the WTO Information Technology Agreement will also be scheduled.

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    MIL OSI Economics

  • MIL-OSI Economics: Verizon celebrates 25 years of powering how people live, work and play

    Source: Verizon

    Headline: Verizon celebrates 25 years of powering how people live, work and play

    NEW YORK, NY – For 25 years, Verizon has been leading with technology and innovation for our customers and helped shape the way Americans connect every day. What started as a bold vision in 2000 has grown into a company with the most wireless retail connections in the industry and a network of technological breakthroughs that empowers millions of people to live, work and play in new, connected ways. Today, Verizon is marking our 25th anniversary by celebrating our past and looking to the future: building smarter networks, supporting communities and equipping the next generation.

    “For 25 years, our purpose has been rooted in our name: Veritas, delivering the truth and reliability that our customers trust, and Horizon, always looking forward,” said Hans Vestberg, Chairman and CEO of Verizon. “This is why we’ve built the nation’s most reliable 5G network. But it’s the people behind it — our V Team — who give us our heart. As we celebrate our past, our focus is firmly on the future: extending our leadership with intelligent solutions to connect every home and business to the possibilities of tomorrow.”

    25 years of firsts

    Verizon’s story is one of constant innovation. From pay phones to flip phones to smartphones, to rolling out 4G LTE nationwide, to being one of the first major carriers to launch fiber to the home with Fios, to pioneering the first 5G mobile network, Verizon has kept America and its customers at the forefront of technology. Along the way, our “Can you hear me now?” campaign has become a cultural touchstone, reminding consumers that reliability matters.

    A commitment to communities

    Verizon’s legacy is more than technology. In moments of crisis, like 9/11 and Hurricanes Katrina, Sandy and countless other natural disasters, Verizon teams work around the clock to keep families and first responders connected when they need it most. Our disaster resiliency work has since expanded to work with communities at risk of natural disasters year-round to empower them to be prepared for and able to recover from these disasters with greater confidence and connectivity.

    Building on Verizon’s support of communities, our commitment to closing the digital divide has brought digital skills training to nearly 9 million students through Verizon Innovative Learning. And, we know that staying connected isn’t just about access — it’s about supporting the well-being of the communities we serve by encouraging healthy relationships with technology. Through free resources that help parents guide their children’s tech use, and partnerships with digital wellness organizations, Verizon is working to ensure that everyone can navigate the digital world safely and confidently.

    Investing in America’s small businesses

    Verizon’s Small Business Digital Ready program offers a free online platform — designed in partnership with small business owners, for small business owners — featuring 50+ free courses such as AI automation, social media marketing, financial planning, as well as peer networking, community events and one-on-one coaching. To date, the program has supported more than 500,000 businesses.

    In addition, Verizon is opening doors for small businesses with our new Small Business Supplier Accelerator program — a commitment to spend $5 billion with small business suppliers over the next five years to help small businesses grow and thrive by working with Verizon and other large corporations.

    The Next 25: An AI-powered, customer-first future and expanding America’s most-reliable 5G network

    As part of this vision, Verizon’s pending acquisition of Frontier Communications represents a landmark expansion of our fiber footprint, poised to bring premium fiber connectivity to millions of new households. For the enterprise, Verizon AI Connect puts us at the forefront of powering the emerging AI economy, combining our industry-leading intelligent network with our expansive data center assets to deliver AI workloads at scale.

    At the same time, Verizon is redefining the customer experience with a suite of AI-powered enhancements. Key features include a “Customer Champion” team, where a dedicated expert leverages Google’s Gemini AI models to resolve complex issues from start to finish. This is complemented by new 24/7 live chat support and a redesigned My Verizon app that uses AI to provide proactive solutions.

    This is the latest chapter in a 25-year story of innovation with Verizon setting a new standard of how to connect customers at home and on the go.

    MIL OSI Economics

  • MIL-OSI Economics: Christine Lagarde, Philip R. Lane: Opening remarks on the ECB strategy assessment press conference

    Source: European Central Bank

    Christine Lagarde, President of the ECB,
    Philip R. Lane, Member of the Executive Board of the ECB

    Sintra, 30 June 2025

    Good afternoon, ECB Chief Economist Philip Lane and I welcome you to this press conference, on the occasion of the conclusion of the 2025 assessment of our monetary policy strategy.

    The Governing Council recently agreed on an updated monetary policy strategy statement. You can find this statement on our website, together with an explanatory overview note and the two occasional papers presenting the underlying analyses.

    I will start by putting this strategy assessment into the broader context. Philip Lane will then go through the updated strategy statement and explain what has changed and why, as well as what has remained unchanged.

    Following the strategy review we carried out in 2020-21, the Governing Council committed to “assess periodically the appropriateness of its monetary policy strategy, with the next assessment expected in 2025”. Such regular assessments ensure that our framework, toolkit and approach remain fit for purpose in a changing world.

    And the world has changed significantly over the last four years. Some of the issues we were most concerned about back in 2021 – including inflation being too low for too long – have taken a rather different turn.

    Not only did we see inflation surge, but some fundamental structural features of our economy and the inflation environment are changing: geopolitics, digitalisation, the increasing use of artificial intelligence, demographics, the threat to environmental sustainability and the evolution of the international financial system.

    All of those suggest that the environment in which we operate will remain highly uncertain and potentially more volatile. This will make it more challenging to conduct our monetary policy and fulfil our mandate to keep prices stable.

    During the strategy assessment, we asked: what do these changes mean for the way we assess the economy, conduct our policy, use our toolkit, take our decisions and communicate them? In seeking to answer this question, our mindset was forward-looking.

    On the whole, we concluded that our monetary policy strategy remains well suited to addressing the challenges that lie ahead.

    But our strategy also needs to be updated and adjusted in certain areas, so that the ECB can remain fit for purpose in the years to come. The next assessment is expected in 2030.

    With our updated strategy statement, we are taking a comprehensive perspective on the challenges facing our monetary policy, so that the ECB can remain an anchor of stability in this more uncertain world.

    This is our core message to the euro area citizens we serve: the new environment gives many reasons to worry, but one thing they do not need to worry about is our commitment to price stability.

    The ECB is committed to its mandate and will keep itself and its tools updated to be able to respond to new challenges.

    Let me conclude by thanking, on behalf of the Governing Council, all the colleagues across the Eurosystem who have contributed to this assessment in a great team effort.

    I now hand over to our Chief Economist Philip Lane and, following his remarks, we will be ready to take your questions.

    MIL OSI Economics

  • MIL-OSI USA: US Department of Labor awards nearly $84M in grants to expand Registered Apprenticeships

    Source: US Department of Labor

    WASHINGTON – The U.S. Department of Labor today announced the award of nearly $84 million in grants to 50 states and territories to increase the capacity of Registered Apprenticeship programs, representing an important step toward meeting the Administration’s goal of expanding the program to 1 million active apprentices.

    Since the beginning of the Trump Administration, over 134,000 new apprentices have registered across the nation. Today’s awards represent the base formula funding and competitive funding to states to increase their ability to serve, improve, and expand Registered Apprenticeship programs. This represents the third round of State Apprenticeship Expansion Formula funding the department has awarded. 

    This investment will further accelerate Registered Apprenticeship programs, incentivize the creation and ongoing success of programs, reduce barriers to entry for new employers and industries, foster innovation, and enhance overall transparency among Registered Apprenticeship stakeholders. 

    “Registered Apprenticeships are a vital tool for skills development, national economic competitiveness, business growth, and individual opportunity. They will become even more important as President Trump continues to create jobs in critical sectors like manufacturing and construction,” said U.S. Secretary of Labor Lori Chavez-DeRemer. “I am committed to providing states and territories with the resources needed to meet their unique economic demands. Together, we will achieve President Trump’s goal of 1 million new active apprentices.”

    State Apprenticeship Expansion Formula funding will support the implementation of several Presidential Executive Orders related to enhancing and expanding the National Apprenticeship system including, “Preparing Americans for High-Paying Skilled Trade Jobs of the Future,” Advancing Artificial Intelligence Education for American Youth,” “Restoring America’s Maritime Dominance,” and “Reinvigorating the Nuclear Industrial Base.”

    The funding advances the expansion of Registered Apprenticeships in both traditional and emerging industries, including technology, Artificial Intelligence, advanced manufacturing, supply chain, transportation, building trades, and construction. 

    The department awarded the following funding through the State Apprenticeship Expansion Formula grants:

    Recipient City State

    Amount

    Alaska Department of Labor and Workforce Development Juneau AK

    $423,872 

    Arizona Department of Economic Security Phoenix AZ

    $920,467 

    Arkansas Department of Commerce  Little Rock AR

    $780,950 

    Colorado Department of Labor and Employment Denver CO

    $856,474 

    Commonwealth of the Northern Mariana Islands Department of Labor Workforce Investment Agency Division Saipan MP

    $75,000 

    Delaware Department of Labor Wilmington DE

    $418,450 

    Georgia Technical College System Atlanta GA

    $1,100,109 

    Guam Department of Administration Tamuning GU

    $330,482 

    Hawaii Department of Labor and Industrial Relations Honolulu HI

    $556,981 

    Idaho Department of Labor Boise ID

    $485,605 

    Illinois Department of Commerce and Economic Opportunity Springfield IL

    $1,665,343 

    Indiana Department of Workforce Development Indianapolis IN

    $1,281,731 

    Iowa Workforce Development Des Moines IA

    $766,805 

    Kansas Department of Commerce Topeka KS

    $543,717 

    Kentucky Department of Workforce Development Frankfort KY

    $741,890 

    Louisiana Workforce Commission Baton Rouge LA

    $653,593 

    Maine Department of Labor Augusta ME

    $420,202 

    Maryland Department of Labor Baltimore MD

    $1,069,642 

    Massachusetts Executive Office of Labor and Workforce Development Boston MA

    $1,008,964 

    Michigan Department of Labor and Economic Opportunity Lansing MI

    $1,475,943 

    Minnesota Department of Labor and Industry Saint Paul MN

    $979,062 

    Mississippi Department of Employment Security Jackson MS

    $532,030 

    Missouri Department of Higher Education and Workforce Development Jefferson City MO

    $1,337,414 

    Montana Department of Labor and Industry Helena MT

    $447,029 

    Nebraska Department of Labor Lincoln NE

    $492,392 

    Nevada Office of the Labor Commissioner Las Vegas NV

    $695,737 

    New Hampshire Community College System Concord NH

    $482,658 

    New Jersey Department of Labor and Workforce Development Trenton NJ

    $1,118,059 

    New Mexico Workforce Solutions Department Albuquerque NM

    $506,824 

    New York Department of Labor Albany NY

    $1,920,269 

    North Carolina Community College System Office Raleigh NC

    $1,158,891 

    North Dakota Department of Public Instruction Bismarck ND

    $399,249 

    Ohio Department of Job and Family Services Columbus OH

    $1,640,376 

    Oklahoma Department of Career and Technology Education Stillwater OK

    $590,719 

    Oregon Higher Education Coordinating Commission Salem OR

    $864,103 

    Pennsylvania Department of Labor and Industry Harrisburg PA

    $1,417,575 

    Puerto Rico Department of Economic Development and Commerce San Juan PR

    $441,721 

    Rhode Island Department of Labor and Training Cranston RI

    $444,939 

    South Carolina Board for Technical and Comprehensive Education Columbia SC

    $771,633 

    South Dakota Department of Labor and Regulation Pierre SD

    $397,630 

    Tennessee Department of Labor and Workforce Development Nashville TN

    $939,312 

    Texas Workforce Commission Austin TX

    $2,817,802 

    Utah Department of Workforce Services Salt Lake City UT

    $629,467 

    Vermont Department of Labor Workforce Development Montpelier VT

    $395,708 

    Virgin Islands Department of Education St. Thomas VI

    $75,000 

    Virginia Department of Workforce Development and Advancement Richmond VA

    $1,129,005 

    Washington State Department of Labor and Industries Tumwater WA

    $1,355,532 

    West Virginia Department of Economic Development Charleston WV

    $515,521 

    Wisconsin Department of Workforce Development Madison WI

    $1,015,406 

    Wyoming Department of Workforce Services  Cheyenne WY

    $352,363 

    The department also awarded the following competitive State Apprenticeship Expansion Formula grants:

    Recipient

    City

    State

    Amount

    Georgia Technical College System Atlanta GA

    $5,000,000 

    Illinois Department of Commerce and Economic Opportunity Springfield IL

    $5,000,000 

    Indiana Department of Workforce Development Indianapolis IN

    $4,970,242 

    Maine Department of Labor Augusta ME

    $5,000,000 

    Massachusetts Executive Office of Labor and Workforce Development Boston MA

    $5,000,000 

    Montana Department of Labor and Industry Helena MT

    $4,000,000 

    Oregon Higher Education Coordinating Commission Salem OR

    $4,990,464 

    Rhode Island Department of Labor and Training Cranston RI

    $4,242,278 

    Tennessee Department of Labor and Workforce Development Nashville TN

    $5,000,000 

    MIL OSI USA News

  • MIL-OSI USA: NASA to Provide Coverage of Progress 92 Launch, Space Station Docking

    Source: NASA

    NASA will provide live coverage of the launch and docking of a Roscosmos cargo spacecraft delivering approximately three tons of food, fuel, and supplies to the Expedition 73 crew aboard the International Space Station.
    The unpiloted Roscosmos Progress 92 spacecraft is scheduled to launch at 3:32 p.m. EDT, Thursday, July 3 (12:32 a.m. Baikonur time, Friday, July 4), on a Soyuz rocket from the Baikonur Cosmodrome in Kazakhstan.
    Live launch coverage will begin at 3:10 p.m. on NASA+. Learn how to watch NASA content through a variety of platforms, including social media.
    After a two-day, in-orbit journey to the station, the spacecraft will dock autonomously to the space-facing port of the orbiting laboratory’s Poisk module at 5:27 p.m. on Saturday, July 5. NASA’s rendezvous and docking coverage will begin at 4:45 p.m. on NASA+.
    The Progress 92 spacecraft will remain docked to the space station for approximately six months before departing for re-entry into Earth’s atmosphere to dispose of trash loaded by the crew.
    Ahead of the spacecraft’s arrival, the Progress 90 spacecraft will undock from the Poisk module on Tuesday, July 1. NASA will not stream undocking.
    The International Space Station is a convergence of science, technology, and human innovation that enables research not possible on Earth. For nearly 25 years, NASA has supported a continuous U.S. human presence aboard the orbiting laboratory, through which astronauts have learned to live and work in space for extended periods of time. The space station is a springboard for developing a low Earth economy and NASA’s next great leaps in exploration, including missions to the Moon under Artemis and, ultimately, human exploration of Mars.
    Learn more about the International Space Station, its research, and crew, at:
    https://www.nasa.gov/station
    -end-
    Jimi RussellHeadquarters, Washington202-358-1100james.j.russell@nasa.gov  
    Sandra Jones / Joseph ZakrzewskiJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov / joseph.a.zakrzewski@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: March Storm Survivors Have Two Weeks to Apply for FEMA Assistance

    Source: US Federal Emergency Management Agency

    Headline: March Storm Survivors Have Two Weeks to Apply for FEMA Assistance

    March Storm Survivors Have Two Weeks to Apply for FEMA Assistance

    LITTLE ROCK, Ark

    – Homeowners and renters, including students, who had uninsured damage or losses from the March outbreak of severe storms and tornadoes have until Monday, July 14, to apply for FEMA disaster assistance

    You may apply for assistance if you live in Greene, Hot Spring, Independence, Izard, Jackson, Lawrence, Randolph, Sharp or Stone County and had damage in the March 14-15 storms

    Students do not need to be permanent residents to be eligible for FEMA assistance, but the property damage or loss must have occurred in those counties

    FEMA has many types of assistance available

    FEMA may be able to help with basic home repair costs, personal property loss, and temporary housing while you are unable to live in your home or residence hall

    Repair or replacement assistance may be available for a primary vehicle, a computer damaged in the disaster, or books and other items required for school

    For those self-employed, assistance may also be available for tools and other job-related equipment

    Additional funding may be available to repair or replace privately owned access routes to your home such as driveways, roads or bridges; and for other disaster-caused expenses such as medical and dental needs, childcare, and moving and storage

    FEMA grants are not taxable, do not have to be repaid, and will not affect eligibility for Social Security, Medicaid or other federal benefits

    You are encouraged to apply for assistance before the Monday, July 14, deadline

    Here are the ways to apply:Go to DisasterAssistance

    gov, use the FEMA App for mobile devices or call the FEMA Helpline at 800-621-3362

    Lines are open from 6 a

    m

    to 10 p

    m

    CT seven days a week and specialists speak many languages

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

     To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube

    Survivors can also apply for federal disaster assistance, submit documents and speak to someone about their applications at several sites

     To find updated dates and locations online, visit fema

    gov/disaster/4865, scroll to the bottom of the page and click the link under “In-person Survivor Assistance

    ”If you had damage in the April 2-22 storms, tornadoes and flooding, the deadline to apply for FEMA assistance is Tuesday, July 22

    Residents ofClark, Clay, Craighead, Crittenden, Desha, Fulton, Greene, Hot Spring, Jackson, Miller, Ouachita, Pulaski, Randolph, St

    Francis, Saline, Sharp and White counties may apply

    For the latest information about Arkansas’ recovery, visit fema

    gov/disaster/4865

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6/
    toan

    nguyen
    Mon, 06/30/2025 – 14:47

    MIL OSI USA News

  • MIL-OSI USA: Attorney General James Secures More Than $13 Million in Sweeping Takedown of Transportation Companies for Defrauding Medicaid

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today announced a major takedown of 25 transportation companies throughout the state for schemes to steal millions of dollars from Medicaid. In January, Attorney General James announced new investigations into transportation companies that are reimbursed by Medicaid for taking patients to and from health care appointments. As a result of these Office of the Attorney General (OAG) investigations, 16 transportation companies will pay back more than $13 million. In addition, OAG has filed new lawsuits against seven transportation companies for defrauding Medicaid and secured the convictions of two individuals and their companies for their roles in medical transportation fraud schemes. Today’s statewide takedown includes companies located in New York City, the Capital Region, Western New York, Westchester County, Central New York, and on Long Island.

    “When companies make up fake bills and exploit patients to overcharge Medicaid, they take resources away from a program that allows the most vulnerable New Yorkers to get health care,” said Attorney General James. “My office launched a sweeping investigation of the medical transportation industry to root out fraud, and we are getting results. From Buffalo to the Bronx, we’re holding scammers accountable and returning millions of dollars in stolen funds to Medicaid, a taxpayer funded program. I will continue to go after anyone who tries to profit by undermining our health care system.”

    Medicaid reimburses authorized businesses for transporting Medicaid patients to and from covered medical services. A licensed taxi company enrolls with the state as an eligible provider and is then randomly assigned to provide trips to patients to specific, non-emergency, medical appointments. The companies must use licensed drivers, proper vehicles, and bill only for services actually rendered. They are allowed to bill Medicaid for a base rate for the trip, plus an amount for mileage and any tolls.

    The OAG’s Medicaid Fraud Control Unit (MFCU) has investigated transportation companies across the state for using fake billing and other fraudulent tactics to steal Medicaid funds. The companies’ schemes often involve billing Medicaid for fake trips, adding fake tolls to inflate costs, fraudulently extending the mileage of trips, and using unlicensed drivers. In some cases, companies exploit vulnerable Medicaid recipients by paying them kickbacks in exchange for requesting transportation services from the company. These kickback schemes can put already vulnerable New Yorkers at even greater risk. MFCU investigators have uncovered cases in which transportation companies exploited Medicaid recipients in need of substance abuse treatment to recruit passengers to use in fake billing schemes.

    Attorney General James today announced that OAG has secured 16 settlements with transportation companies worth a combined $13 million:

    • American Base No. 1, a Bronx-based company, will pay $4,775,869.61 to resolve civil and criminal allegations that the company operated illegally to steal millions of dollars from Medicaid. MFCU’s investigation found, among other things, that the mileage claimed by American Base drivers was grossly inflated, as they billed vastly more paid trip miles than their vehicle odometers read at mandatory NYC Taxi and Limousine Commission (TLC) inspections. American Base drivers also claimed impossible amounts of daily services, such as one driver who claimed 96 unique trips amounting to 2,158 miles during just one day. Many Medicaid patients whom American Base claimed to bill for had never heard of the company nor actually used Medicaid taxi services, and others admitted to being paid kickbacks by drivers to request rides from American Base.
    • Agape Luxury Corp, a Bronx-based company, paid $2.45 million to resolve allegations that the company falsely increased the mileage of its trips that it submitted for reimbursement to Medicaid. Agape also failed to follow New York City TLC requirements for legal operation and failed to maintain legally required records.
    • NBT Transportation, a Bronx-based company, paid $1,516,617.00 to resolve allegations that the company submitted claims to Medicaid for fake toll expenses.
    • Angel Medical Transportation, a Schenectady-based company, paid $1.1 million to resolve allegations that the company submitted claims to Medicaid for transportation services that did not occur and that were provided by drivers who lacked proper licenses.
    • Lakeview Global, a Clarence-based company, paid $684,308.18 to resolve allegations that the company claimed trips that did not occur or used false addresses that resulted in excess payments.
    • U.S. Trips and Trade, a Westchester-based company, paid $500,000 to resolve allegations that the company submitted inflated and fake tolls for reimbursement from Medicaid.
    • Buzz Transport, a Hudson-based company, paid $363,995 to resolve allegations that the company submitted claims to Medicaid for fake tolls.
    • JD Express, a Forest Hills-based company, paid $331,000 to resolve allegations that the company submitted claims to Medicaid for fake toll expenses and transportation services provided by unlicensed, under-licensed or suspended drivers.
    • Vic and Bay Care Service, a Staten Island-based company, paid $250,000 to resolve allegations that the company submitted claims to Medicaid for transportation services that did not occur.
    • Divine Hearts Transportation, a North Tonawanda-based company, paid $227,010.34 to resolve allegations of overbilling for false addresses and fictitious trips.
    • Equaltrans, a Bronx-based company, paid $224,892.01 to resolve allegations that the company submitted claims to Medicare for transportation services that did not occur as described on the claim.
    • KFH Medicaid Transportation, an Amherst-based company, paid $143,760.37 to resolve allegations that the company submitted fake rides for reimbursement from Medicaid. The company has since ceased operation.
    • Shamrock Transportation, an Orange County-based company, paid $147,680 to resolve allegations that the company submitted inflated and fake tolls for reimbursement from Medicaid.
    • Interstate Luxury Limousines, a Bronx-based company, paid $142,389.25 to resolve allegations that the company submitted claims to Medicaid for transportation services that did not occur as described on the claim.
    • Lak Sam, a Glenmont-based company, paid $119,708.88 to resolve allegations that the company submitted claims to Medicaid for transportation services that did not occur and for fake tolls.
    • A Nice Ride, a Colonie-based company, paid $28,075.43 to resolve allegations that the company submitted claims to Medicaid for transportation services and inflated toll payments.

    In addition, Attorney General James today announced lawsuits against seven transportation companies that were sent cease and desist letters earlier this year but have failed to comply and continued fraudulent practices:

    • Green Cab BNY, a Cheektowaga-based company, was sued for allegedly billing Medicaid for trips with falsely inflated mileage. The lawsuit seeks monetary damages of at least $2,385,398.54.
    • Dutchess Black Car Service, a Lagrangeville-based company, was sued for submitting claims for transportation services that did not occur, and for submitting claims for tolls that were not incurred or where the cost of the toll was inflated. The lawsuit seeks monetary damages of at least $2,276,850.28, as well as civil penalties. An affiliated company, Westchester County Black Car Service, operating out of the same address, was also sued for submitting claims for transportation services that did not occur, and for tolls that were not incurred or where the cost of the toll was inflated. The lawsuit seeks monetary damages of at least $1,157,127.86, as well as civil penalties.
    • Buffalo Taxi Services, an Amherst-based company, was sued for allegedly billing Medicaid for trips that never actually happened. The lawsuit seeks monetary damages of at least $1,691,714.04.
    • Seaman Radio Dispatchers, a Manhattan-based company, was sued for submitting claims for the transportation of Medicaid beneficiaries who were deceased, for claiming payment for rides that never took place, and claiming payment while the company’s NYC TLC base license was suspended. The lawsuit seeks monetary damages of at least $1,235,514.76.
    • TemboCare Transportation Express, a Saratoga County-based company, was sued for repeatedly submitting claims for payment to Medicaid with falsified pickup or drop off locations to inflate the mileage of the trips for which they billed and for falsely using Ngowi’s driver’s license information for trips claimed when Ngowi was clocked in for duties elsewhere as a New York state employee. The lawsuit seeks monetary damages of at least $294,982.18.
    • SMI Transportation, a Buffalo-based company, was sued for allegedly billing Medicaid for trips with falsely inflated mileage and for using a driver to provide transportation services who had been previously excluded from providing Medicaid services due to a prior criminal conviction for Medicaid fraud. The lawsuit seeks monetary damages of at least $96,827.10.

    Attorney General James today also announced that three individuals have been charged or convicted as a result of OAG investigations into medical transportation fraud:

    • David Moore, 56, of Interlaken pleaded guilty to Grand Larceny. As the owner of ASAP 2, a transportation company, Moore submitted claims for payment to Medicaid that were the result of unlawful kickback payments to multiple Medicaid recipients and which were also falsely inflated by substantially increasing the claimed mileage for trips that were taken. Medicaid paid ASAP 2 over $50,000 based on these false and fraudulent claims.
    • James Bessell, 65, of Shirley was charged with Grand Larceny, Health Care Fraud, Offering a False Instrument for Filing, and payment of kickbacks for his role in a Medicaid fraud scheme. Bessell owned Jim Jim Rentals, which billed Medicaid for transportation services that were never actually provided, causing Medicaid to pay Jim Jim Rentals over $1 million. Bessell also operated an illegal kickback scheme, paying Medicaid recipients for their purported use of his transportation services.
    • Jose Ortiz, 63, of the Bronx, the owner of American Base, was charged and pleaded guilty to Offering a False Instrument for Filing in the Second Degree, a felony, in connection with the unlawful operations of that company.

    These charges are merely accusations, and the defendant is presumed innocent unless and until proven guilty in a court of law.

    Attorney General James thanks the United States Department of Health and Human Services – Office of the Inspector General, the New York State Department of Health, and the Office of the Medicaid Inspector General for their cooperation in these investigations.

    These investigations were conducted by Auditor-Investigators and Data Analysts led by MFCU Chief Auditor Dejan Budimir, MFCU Detectives led by Deputy Chief  Ronald Lynch, Acting Commanding Officer, MFCU, and the MFCU Regional Directors, Special Assistant Attorneys General, and legal support analysts from each of the Medicaid Fraud Control Unit’s seven regional offices, coordinated by MFCU Chief of Criminal Investigations Thomas O’Hanlon and MFCU Chief of Civil Enforcement Alee Scott and AAGs Emily Auletta and Nathan Shi. MFCU is led by Director Amy Held and Assistant Deputy Attorney General Paul J. Mahoney. The Division of Criminal Justice is led by Chief Deputy Attorney General José Maldonado under the oversight of First Deputy Attorney General Jennifer Levy.

    Reporting Medicaid Provider Fraud: MFCU defends the public by addressing Medicaid provider fraud and protecting nursing home residents from abuse and neglect. If an individual believes they have information about Medicaid provider fraud or about an incident of abuse or neglect of a nursing home resident, they can file a confidential complaint online or call the MFCU hotline at (800) 771-7755. If the situation is an emergency, please call 911.

    New York MFCU’s total funding for federal fiscal year (FY) 2025 is $70,502,916. Of that total, 75 percent, or $52,877,188, is awarded under a grant from the U.S. Department of Health and Human Services. The remaining 25 percent, totaling $17,625,728 for FY 2025, is funded by New York State.

    If you need assistance obtaining Medicaid transportation services, you can contact New York’s Medical Transportation Broker at the following numbers: NYC, Long Island and Westchester: 844-666-6270; Upstate: 866-932-7740 or using the MAS website. 

    MIL OSI USA News

  • MIL-OSI USA: Voluntary Compliance Order Issued for Coconut Rhinoceros Beetle Host Material

    Source: US State of Hawaii

    CategoriesEnglish, Hawaii, MIL OSI, Oceania, Pacific, US State Governments, US State of Hawaii

    Hawaiʻi County, HDOA Ask Residents to Help Stop the Spread
    The County of Hawaiʻi, in coordination with the Hawaiʻi Department of Agriculture (HDOA), is issuing a three-month voluntary compliance order for parts of West Hawaiʻi to stop the movement of host materials for the coconut rhinoceros beetle (CRB).

    The voluntary order is effective July 1 through Sept. 30 and applies to an area where CRB detections have occurred in the last six months. Borders of the compliance area include Waikoloa Road, Mamalahoa Highway (Highway 190) from Waikoloa Road to Palani Road in Kailua-Kona, and along the coastline from Palani Road to Waikoloa Road.

    “The coconut rhinoceros beetle poses a serious threat to our island’s agriculture, and we are asking for your kōkua to stop the spread before it gets out of hand,” said Mayor Kimo Alameda. “Early intervention and cooperation are key to preventing long-term damage and protecting our island from this destructive invasive species.”

    To stop the spread of CRB, residents and business operators in this area are asked not to transport CRB host materials that include:

    • Decomposing plant material such as compost, wood or tree chips, and mulch.
    • Plant propagation material.
    • Other items, such as landscaping material, that are comprised of decomposing organic plant material.
    • All live palm plants in the genera Cocos (Coconut palm), Livistona (Fountain palm or Chinese fan palm), Phoenix (Date palm, Canary Island date palm), Pritchardia (Loulu), Roystonea (Royal palm), and Washingtonia (California fan palm, Mexican fan palm) — except unsprouted seeds of these palms.

    Residents and business operators within the compliance area who need to get rid of green waste should take the material to proper disposal sites located at the West Hawaiʻi Organics Facility at 71-1111 Queen Ka’ahumanu Highway and Kealakehe Transfer Station at 74-598 Hale Makai Place. These facilities, located within the compliance area, heat compost piles to at least 131 degrees to kill CRB larvae.

    Host materials, such as decomposing plant material, can contain CRB eggs, larvae, and adults. Moving such infested materials outside the compliance area could unintentionally spread CRB far beyond its current range, complicating eradication efforts and hindering control measures.

    CRB primarily targets coconut and other palm species. However, it will feed on other important crops such as ʻulu, banana and kalo when the palm food sources are eliminated.

    The voluntary compliance order is a precursor to a mandatory compliance structure that is being prepared by the HDOA.

    “Controlling the movement of green waste to stop the spread of CRB is a call-to-action that all of us can do to protect Hawaiʻi Island,” said Sharon Hurd, Chairperson of the Hawaiʻi Board of Agriculture.

    Best Management Practices for CRB Host Materials

    Residents can take the following steps to minimize the risk of spreading CRB:

    Inspect and Report

    • Inspect CRB host materials at least every 4 months, especially finished compost and nearby host palms, for signs of CRB or damage.
    • Examine incoming CRB host materials before accepting them to ensure they are not infested with CRB.
    • Collect any suspected CRB and report findings or visible CRB damage to HDOA at 808-643-PEST (7378) or the Big Island Invasive Species Committee (BIISC) at 808-933-3340. Reports can also be made online at 643pest.org.
    • If you cannot inspect CRB host materials yourself, contact BIISC, CRB Response (808-679-5244), or HDOA for assistance.

    Properly Manage Materials

    • Chip incoming CRB host materials within 48 hours.
    • Properly compost CRB host materials by heating piles to at least 131 degrees Fahrenheit.
    • Monitor finished materials at least every 4 months (visual during turnover). Once compost cools to around 110 degrees Fahrenheit, it can be infested and is a good breeding material for CRB.
    • Do not stockpile or keep a mound of CRB host material. Routinely distribute around plants or thinly spread up to 4 inches in depth to enable it to dry completely.

    Prevent the Spread

    • Utilize or process CRB host materials that are already on-site for end use, eliminating the need to move potentially infested materials.
    • Safeguard CRB host materials that have been properly composted or treated in completely sealed containers that prevent CRB entry. Containers made of metal, concrete or glass are acceptable. CRB can chew through many plastics.
    • Ensure CRB host materials are still at acceptable temperatures or are subjected to effective treatment before being transported off site.
    • Profume, a restricted use pesticide, is one option for treating certain CRB host materials, such as compost. Call HDOA for additional information about the use of this chemical.
    • If you receive CRB host materials, ensure it comes from a reputable source that follows CRB Best Management Practices. Ask suppliers to provide documentation of their CRB prevention efforts.

    For questions about moving CRB host materials, please contact Glenn Sako, County Economic Development Specialist, at 808-961-8811.

    Click to view images

    ###

    MIL OSI USA News

  • MIL-OSI USA: Neal Statement on Evans Retirement

    Source: United States House of Representatives – Congressman Richard Neal (D-MA)

    Neal Statement on Evans Retirement

    Springfield, MA, June 30, 2025

    Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement after Ways and Means Committee Member Dwight Evans (D-PA) announced that he will not seek re-election:

    “Congressman Dwight Evans has dedicated more than 45 years of public service to the people of Philadelphia, fighting each and every day for fairer, stronger, and safer communities. Nearly a decade ago, he brought his deep record of leadership and achievement from the Pennsylvania House to Congress. His service has been marked by his focus on expanding access to health care, championing our nation’s hospitals, promoting gun safety, and investing in a brighter tomorrow through economic development and urban renewal. Through it all, he has carried the spirit and resilience of the City of Brotherly Love. 

    “Congress, the Commonwealth of Pennsylvania, and the nation are better because of Dwight’s service. I will miss his passionate advocacy and unshakeable moral compass. I look forward to our continued work this Congress, and wish him and his family every success in their next chapter.”

    ### 

    MIL OSI USA News

  • MIL-OSI USA: Duckworth, Durbin: Republicans’ So-called ‘big Beautiful Bill’ Could Shutter 93 Nursing Homes in Illinois Alone

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    June 27, 2025
    New report shows that Republicans’ plan to slash $800 billion in Medicaid funding would strain nursing homes, potentially forcing 579 facilities across the country to close
    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL) and U.S. Senate Democratic Whip Dick Durbin (D-IL) today highlighted new findings that show President Trump’s and Republicans’ reconciliation bill puts 579 nursing homes across the country at risk of closure.  Based on this data compiled by Brown University’s School of Public Health, and released by Senate Finance Committee Ranking Member U.S. Senator Ron Wyden (D-OR) and U.S. Senator Mark Warner (D-VA), the Republicans’ One Big Beautiful Bill Act endangers the operations of 93 nursing homes in Illinois—all in order to provide hefty tax breaks for billionaires.  The devastating cuts to nursing homes under this Republican legislation are in addition to the bill forcing 16 million Americans to lose their health insurance coverage, which also risks the closure of rural and safety net hospitals nationwide.  
    “President Trump and congressional Republicans are pursuing legislation that rips health care coverage from 16 million Americans and slashes $800 billion in Medicaid funding in order to serve up a sizeable tax cut for billionaires.  As a result, 93 nursing homes in Illinois will be at risk of closing.  It is unconscionable that Republicans would prioritize enriching the wealthy over ensuring the safe care and treatment of seniors and adults with disabilities,” said Durbin.  “Four Republicans Senators with the courage to stand up for their constituents is all it takes to stop this big, beautiful betrayal.”
    “Donald Trump and Republicans are trying to sell out those most in need to fund a tax cut for billionaires,” Duckworth said. “That’s not just fiscally irresponsible, it’s morally wrong. If this so-called Big Beautiful Bill passes, nearly 100 nursing homes across our state will be at risk of closing. And it won’t just be Medicaid recipients and those most in need who are hurt by these extreme Republican cuts. When health facilities close, that means whole communities—even privately insured Illinoisans—lose access too.”
    Both red and blue states stand to lose if Republicans’ push through their deeply damaging legislation.  Under their plan, 39 nursing homes in Missouri are at high-risk of closing while Ohio and Texas could lose 41 and 66 nursing homes, respectively. 
    According to the American Council on Aging, the average annual cost of a nursing home in Illinois is $94,900, which is not feasible for many Illinoisans to pay without assistance.  Despite Medicaid covering 63 percent of residents in nursing homes and the high price of care, Republicans’ plan to slash Medicaid funding by $800 billion endangers the ability of thousands of Americans, many of whom are seniors or people with disabilities, to access the care they need.
    While states are required to provide nursing home care under Medicaid, states are not required to offer home and community-based service waiver programs that allow Americans to receive in-home or nearby care.  If passed, the Republicans’ plan could threaten home and community-based service waiver programs, increasing demand for already strained nursing homes. 
    -30-

    MIL OSI USA News

  • MIL-OSI USA: During GOP Budget Betrayal Debate, Luján Leads Charge to Save SNAP

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján
    WATCH Senator Luján’s Floor Speech HERE
    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.), Ranking Member of the Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research, delivered a speech on the Senate floor offering an amendment to the Republican budget bill to save the Supplemental Nutrition Assistance Program (SNAP) – to protect food assistance for kids, seniors, and veterans. All but two Republicans voted to keep these devastating cuts in the bill.
    Last night, during the midnight hour as Democrats held the Senate floor, Senator Luján delivered a floor speech detailing how the Republican budget bill would devastate New Mexico’s families, farmers and ranchers, and children and seniors.
    Senator Luján’s floor speech is available below:
    Mr. President,
    Recently, a Republican colleague said regarding this bill’s SNAP cuts: “if we don’t watch out, people are going to get hurt.”
    He’s right. People are going to get hurt.
    For the past 50 years, the United States of America has maintained a bipartisan promise to feed our children, our veterans, our seniors and our working families.
    This bill betrays that promise. It cuts more than 1 trillion dollars from Medicaid and SNAP—cuts that will harm all of our constituents.
    With this motion, I am offering my colleagues the opportunity to step away from these devastating cuts.
    To show our fellow Americans that in this country, we care for our friends, family, and neighbors who need support.
    I hope my colleagues on both sides of the aisle can agree that this is a promise worth keeping.
    I yield back.

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Completes the Eighth Review of the Extended Arrangement under the Extended Fund Facility for Ukraine

    Source: IMF – News in Russian

    June 30, 2025

    • The IMF Board today completed the Eighth Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$0.5 billion (SDR 0.37 billion) to Ukraine, which will be channeled for budget support.
    • Ukraine’s economy remains resilient, and the authorities met all end-March and continuous quantitative performance criteria, the prior action, and two structural benchmarks for the review.
    • Despite the challenges, progressing with domestic revenue mobilization, strengthening the investment climate, improving governance, and completing the debt restructuring strategy are necessary to restore fiscal and debt sustainability and support growth. The full and timely disbursement of external support during the program period remains indispensable for macroeconomic stability

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the Eighth Review of the EFF, enabling the authorities to draw US$0.5 billion (SDR 0.37 billion, which will be channeled for budget support. This will bring the total disbursements under the IMF-supported program to US$10.6 billion.

    Ukraine’s 48-month EFF, with access of SDR 11.6 billion (equivalent to about US$15.5 billion, or 577 percent of quota), was approved on March 31, 2023, and forms part of an international support package totaling US$152.9 billion in the program’s baseline scenario. Ukraine’s IMF-supported program helps anchor policies that sustain fiscal, external, and macro-financial stability at a time of exceptionally high uncertainty. The EFF aims to support Ukraine’s economic recovery, enhance governance, and strengthen institutions with the aim of promoting long-term growth and investment.

    For the Eighth Review, Ukraine met all end-March and continuous quantitative performance criteria as well as the prior action to submit to the Cabinet of Ministers of Ukraine a detailed reform plan for the State Customs Service (SCS). Two structural benchmarks on tax reporting for digital platform operators and publication of the external audit of NABU were also completed. Four new benchmarks were also established, including: measures to update the single project pipeline; preparation of a prioritized roadmap for financial market infrastructure; implementation of international valuation standards; and development of legislative proposals to align securitization and bonds with international standards. The timelines of some other structural benchmarks, including the appointment of the head of the SCS, have been reset by the IMF Executive Board to allow the authorities more time to complete these important reforms. The authorities also requested a rephasing of access to IMF financing over the remainder of 2025 to better align them with Ukraine’s updated balance of payments needs, while the overall size of the program remains unchanged.   

    The 2025 growth forecast has been maintained at 2–3 percent as a smaller electricity deficit is offset by lower gas production and weaker agricultural exports. Pressures from Russia’s war will require a supplementary budget for 2025, and the medium-term fiscal path has been revised to better reflect the authorities’ policy intentions on revenue mobilization and expenditure prioritization. The National Bank of Ukraine (NBU) has maintained a tight monetary policy to respond to the still high inflation, while inflation expectations remain anchored. FX reserves remain adequate, sustained by continued sizeable external support. Overall, the outlook remains subject to exceptionally high uncertainty.

    Following the Executive Board discussion on Ukraine, Ms. Gita Gopinath, First Deputy Managing Director of the IMF, issued the following statement[1]:

    “Russia’s war continues to take a devastating social and economic toll on Ukraine. Nevertheless, macroeconomic stability has been preserved through skillful policymaking as well as substantial external support. The economy has remained resilient, but the war is weighing on the outlook, with growth tempered by labor market strains and damage to energy infrastructure. Risks to the outlook remain exceptionally high and contingency planning is key to enable appropriate policy action should risks materialize.

    “The Fund-supported program remains fully financed, with a cumulative external financing envelope of US$153 billion in the baseline scenario and US$165 billion in the downside scenario, over the 4-year program period. This includes the full utilization of the approximately US$50 billion from the G7’s Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative. Full, timely, and predictable disbursement of external support—on terms consistent with debt sustainability—remains essential to achieving program objectives.

    “The continuing war has necessitated a Supplementary Budget for 2025. Restoring fiscal sustainability and meeting elevated priority expenditures over the medium term will require continued decisive efforts to implement the National Revenue Strategy. This includes modernization of the tax and customs services (including the timely appointment of the customs head), reduction in tax evasion, and harmonization of legislation with EU standards. These reforms, combined with improvements in public investment management frameworks, medium-term budget preparation, and fiscal risk management, are critical to underpinning growth and investment. 

    “The authorities continue working to complete their debt restructuring strategy in line with the program’s debt sustainability objectives, which is essential to create room for priority expenditures, reduce fiscal risks, and restore debt sustainability.

    “Given still elevated inflation, the tight monetary policy stance is appropriate, and the NBU should stand ready to tighten further should inflation expectations deteriorate. Greater exchange rate flexibility will help strengthen economic resilience while safeguarding reserves.

    “The financial sector remains stable, though vigilance is needed given heightened risks. Operational and governance weaknesses in the security markets regulator need to be tackled urgently. Closing gaps in Ukraine’s capital markets infrastructure will be key to attracting foreign private capital for post-war reconstruction.

    “Sustained progress in anticorruption and governance reforms remains crucial. The completed audit of the National Anti-Corruption Bureau is an important step; additional efforts are required, including amending the criminal procedures code, appointing the new head of the Economic Security Bureau, and strengthening AML/CFT frameworks.”

    Table 1. Ukraine: Selected Economic and Social Indicators, 2021–27

    2021

     

    2022

     

    2023

    2024

    2025

    2026

    2027

    Act.

    Act.

    Act.

    Proj.

    Proj.

    Proj.

    Proj.

    Real economy (percent change, unless otherwise indicated)

    Nominal GDP (billions of Ukrainian hryvnias) 1/

    5,451

     

    5,239

     

    6,628

    7,659

    8,866

    10,192

    11,322

    Real GDP 1/

    3.4

     

    -28.8

     

    5.5

    2.9

    2-3

    4.5

    4.8

    Contributions:

                     

    Domestic demand

    12.8

     

    -19.0

     

    11.9

    3.8

    5.2

    3.4

    2.7

    Private consumption

    4.5

     

    -19.0

     

    3.0

    4.6

    2.8

    3.4

    2.7

    Public consumption

    0.1

     

    5.6

     

    3.0

    -1.5

    0.3

    -2.5

    -2.0

    Investment

    8.1

     

    -5.5

     

    5.8

    0.6

    2.1

    2.5

    2.0

    Net exports

    -9.3

     

    -9.8

     

    -6.3

    -0.8

    -3.2

    1.1

    2.1

    GDP deflator

    24.8

     

    34.9

     

    19.9

    12.3

    13.5

    10.0

    6.0

    Unemployment rate (ILO definition; period average, percent)

    9.8

     

    24.5

     

    19.1

    13.1

    11.6

    10.2

    9.4

    Consumer prices (period average)

    9.4

     

    20.2

     

    12.9

    6.5

    12.6

    7.6

    5.3

    Consumer prices (end of period)

    10.0

     

    26.6

     

    5.1

    12.0

    9.0

    7.0

    5.0

    Nominal wages (average)

    20.8

     

    1.0

     

    20.1

    23.1

    17.4

    13.7

    10.8

    Real wages (average)

    10.5

     

    -16.0

     

    6.4

    15.6

    4.2

    5.7

    5.3

    Savings (percent of GDP)

    12.5

     

    17.0

     

    12.8

    11.4

    4.4

    10.0

    18.3

    Private

    12.7

     

    30.2

     

    27.4

    23.3

    21.4

    15.9

    18.0

    Public

    -0.2

     

    -13.1

     

    -14.6

    -11.8

    -17.1

    -5.9

    0.3

    Investment (percent of GDP)

    14.5

     

    12.1

     

    18.1

    18.6

    20.9

    22.6

    23.7

    Private

    10.7

     

    9.6

     

    13.4

    13.3

    16.6

    18.3

    18.9

    Public

    3.8

     

    2.5

     

    4.7

    5.4

    4.3

    4.3

    4.9

                     

    General Government (percent of GDP)

                     

    Fiscal balance 2/

    -4.0

     

    -15.6

     

    -19.3

    -17.2

    -21.3

    -10.1

    -4.6

    Fiscal balance, excl. grants 2/

    -4.0

     

    -24.8

     

    -25.8

    -23.1

    -22.1

    -10.4

    -5.6

    External financing (net)

    2.5

     

    10.7

     

    16.2

    15.0

    24.5

    8.9

    1.7

    Domestic financing (net), of which:

    1.5

     

    5.0

     

    3.1

    0.3

    -3.1

    1.3

    2.8

    NBU

    -0.3

     

    7.3

     

    -0.2

    -0.2

    -0.1

    -0.1

    -0.1

    Commercial banks

    1.4

     

    -1.5

     

    2.5

    2.9

    2.7

    0.8

    3.4

    Public and publicly-guaranteed debt

    48.9

     

    77.7

     

    81.2

    89.7

    108.6

    110.4

    106.4

                     

    Money and credit (end of period, percent change)

                     

    Base money

    11.2

     

    19.6

     

    23.3

    7.7

    21.7

    13.1

    10.4

    Broad money

    12.0

     

    20.8

     

    23.0

    13.4

    14.4

    13.2

    10.4

    Credit to nongovernment

    8.4

     

    -3.1

     

    -0.5

    13.5

    10.6

    17.7

    18.6

                     

    Balance of payments (percent of GDP)

                     

    Current account balance

    -1.9

     

    4.9

     

    -5.3

    -7.2

    -16.5

    -12.6

    -5.4

    Foreign direct investment

    3.8

     

    0.1

     

    2.5

    1.8

    2.2

    4.0

    5.0

    Gross reserves (end of period, billions of U.S. dollars)

    30.9

     

    28.5

     

    40.5

    43.8

    53.4

    52.8

    55.6

    Months of next year’s imports of goods and services

    4.5

     

    3.8

     

    5.3

    5.1

    6.3

    6.3

    6.5

    Percent of short-term debt (remaining maturity)

    74.4

     

    83.3

     

    100.3

    130.9

    178.9

    171.5

    172.1

    Percent of the IMF composite metric (float)

    105.5

     

    110.3

     

    130.2

    125.4

    125.5

    114.0

    115.7

    Goods exports (annual volume change in percent)

    39.0

     

    -37.5

     

    -8.5

    16.8

    3.0

    14.9

    14.3

    Goods imports (annual volume change in percent)

    15.1

     

    -29.7

     

    18.5

    6.0

    19.3

    4.7

    5.5

    Goods terms of trade (percent change)

    -8.4

     

    -11.6

     

    3.6

    0.5

    1.3

    1.0

    0.4

                     

    Exchange rate

                     

    Hryvnia per U.S. dollar (end of period)

    27.3

     

    36.6

     

    38.0

    42.0

    Hryvnia per U.S. dollar (period average)

    27.3

     

    32.3

     

    36.6

    40.2

    Real effective rate (CPI-based, percent change)

    2.6

     

    3.2

     

    -6.7

    -6.5

    Memorandum items:

    Per capita GDP / Population (2017): US$2,640 / 44.8 million

    Literacy / Poverty rate (2022 est 3/): 100 percent / 25 percent perpercentpercent

    Sources: Ukrainian authorities; World Bank, World Development Indicators; and IMF staff estimates.

    1/ GDP is compiled as per SNA 2008 and excludes territories that are or were in direct combat zones and temporarily occupied by Russia (consistent with the TMU).

    2/ The general government includes the central and local governments and the social funds.

    3/ Based on World Bank estimates.

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

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    https://www.imf.org/en/News/Articles/2025/06/30/pr-25227-ukraine-imf-completes-8th-rev-of-ext-arrang-under-eff

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Canada: Province takes action to address health, safety concerns in supportive housing

    Source: Government of Canada regional news

    People living and those working in supportive housing will be safer and better supported as the Province begins work to ensure housing providers are able to take quick and decisive action against problematic tenants and guests, and address air-quality issues related to second-hand exposure to fentanyl.

    A new, time-limited working group will act on requests from housing providers for more authority to respond to urgent safety issues and to explore the potential to remove supportive housing from the Residential Tenancy Act. This will help to better address problematic and dangerous individuals taking advantage of vulnerable people, and better respond to weapons and criminal activity within supportive housing.

    “Supportive housing is a vital and successful way to help people experiencing or at risk of homelessness come indoors and access supports, instead of living on the street or in unsafe encampments,” said Ravi Kahlon, Minister Housing and Municipal Affairs. “We have heard from providers that they need more authority to take action and keep people safe, and we will be working with our partners to find a path forward that ensures people can live in a safe, inclusive and supportive environment.”

    The working group will bring together supportive housing providers, law enforcement and union representatives, as well as staff from the Province and BC Housing, to ensure safety for tenants and workers is paramount. The Province will engage with First Nations and tenant advocates. 

    Government has been listening to housing providers that have raised concerns about drug trafficking, weapons and crime in supportive housing, and difficulties removing individuals who are engaging in activities that affect the safety of other residents, staff and the community. This group will collaborate on a suite of potential measures to help address health and safety concerns.

    In addition, the Province, including the BC Centre for Disease Control and in partnership with WorkSafeBC, is working to respond to significant changes to the ongoing toxic-drug crisis and its potential effect in supportive housing. Coming out of the pandemic, inhaling or smoking fentanyl has become the predominant substance-use method, surpassing injection. As a result, in the past year, WorkSafeBC developed new air-quality safety standards with regard to second-hand exposure to fentanyl. These standards were set in January 2025 and are available to view in the Learn More section below.

    Early indications from a series of tests at 14 buildings in Victoria and Vancouver show some areas of supportive housing are more likely to have elevated levels of airborne fentanyl, above the limit WorkSafeBC has established. As WorkSafeBC outlines, an exposure limit is not intended to represent a fine line between safe and harmful conditions, but rather a way to measure potential exposure to help guide reduction tactics.

    BC Housing is analyzing the reports from the tests and is working with WorkSafeBC and BC Centre for Disease Control to better understand these results. The results in the reports will contribute to the development of provincial exposure-reduction guidance being established by WorkSafeBC and BC Centre for Disease Control, with support from BC Housing and other health partners, to mitigate second-hand exposure to fentanyl in supportive housing and shelters. The new working group will also discuss second-hand fentanyl smoke.

    Since 2017, the Province, through BC Housing has opened nearly 7,500 supportive homes in B.C., with more than 2,900 underway.

    Quotes:

    Jill Atkey, chief executive officer, BC Non-Profit Housing Association –

    “The complexity of operating supportive housing has shifted in recent years and we are grateful that the ministry is working closely with providers to find workable solutions that balance the rights of people with the safety for staff and residents.”

    Julian Daly, chief executive officer, Our Place Society –

    “Our Place welcomes the government’s willingness to make changes to supportive housing. The government really listened to the concerns of our sector and has acted on them. These proposed changes give us, as housing providers, more flexibility in how we manage our buildings, greater control over who lives with us and allows us to create safer homes for those we serve and a safer workplace for our colleagues.”

    Bob Hughes, chief executive officer, ASK Wellness Society –

    “On behalf of ASK Wellness Society, I am grateful to be asked to participate in the Ministry of Housing led working group created to address some of the current challenges being faced in the supportive-housing sector. Through this type of collaboration, I am confident that we will see the desired results of improving the safety and security of residents, and the continued evolution of this much-needed response to homelessness and the many barriers faced by those we support.”

    Liz Vick Sandha, chief operating officer, Connective –

    “With over 400 units of supportive housing across B.C., Connective sees first-hand the strengths and limitations of applying the Residential Tenancy Act in this context. Supportive housing, as a distinct service model, may benefit from a more tailored framework, one better attuned to the unique needs of its tenants and staff. We welcome a review of the act to explore potential changes and appreciate the ministry’s leadership in advancing this important conversation.”

    Outreach worker and BCGEU member –   

    “We look forward to the government honouring our unique perspective by continuing consultations with us. As with any home, the culture is set by everyone who occupies it and their overlapping needs, which are always in conversation with each other. This is why the work to improve B.C.’s supportive housing system will not happen overnight with a rigid framework created in isolation of those that live and breathe in these spaces.”   

    Learn More:

    To view WorkSafe’s fentanyl exposure limits, visit:
    https://www.worksafebc.com/en/resources/law-policy/act-amendments/exposure-limit-fentanyl-fentanyl-citrate?lang=en

    To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for people in British Columbia, visit:
    https://strongerbc.gov.bc.ca/housing/ 

    A map showing the location of all announced provincially funded housing projects in B.C. is available here: https://www.bchousing.org/projects-partners/Building-BC/homes-for-BC

    To learn how BC Housing is helping to build strong, inclusive communities, visit:
    https://www.bchousing.org/podcast

    A backgrounder follows.

    MIL OSI Canada News

  • MIL-OSI Russia: Six New Tourist Highways Open in Xinjiang

    Translation. Region: Russian Federal

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

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

    URUMQI, June 30 (Xinhua) — Six new highways have opened to traffic in northwest China’s Xinjiang Uygur Autonomous Region, with a total investment of 10.7 billion yuan (about 1.5 billion U.S. dollars) and a total length of 965 km.

    The routes connect diverse natural landscapes, from snow-capped mountains and steppes to forests, lakes, deserts and oases, and aim to develop Xinjiang’s “fast entry, slow travel” tourism network and expand opportunities for independent car tourism, according to the regional transportation department.

    The new highways link key attractions across Xinjiang’s vast territory, where tourist sites are often relatively far apart, the department said.

    In recent years, Xinjiang has stepped up efforts to build a multi-dimensional tourism transportation network. The region has opened new civil aviation routes, launched specialized railway lines such as the Taklamakan Desert Loop, and built scenic roads for car tourism. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China to offer 10% tax break to foreign investors who reinvest dividends in Chinese companies

    Translation. Region: Russian Federal

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

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

    BEIJING, June 30 (Xinhua) — China’s financial, tax and trade authorities on Monday announced a 10 percent corporate income tax rebate for foreign investors on domestic direct investment financed by dividends from Chinese enterprises’ profits.

    The credit, which runs from January 1, 2025, to December 31, 2028, allows unused credit to be carried forward to a later date and allows lower rates to be applied under applicable tax treaties.

    Foreign investors may reinvest dividends in increasing the share capital of resident enterprises, establishing new resident enterprises, or acquiring shares of resident enterprises from unaffiliated parties. The industry in which the investee enterprise operates must be included in the Catalogue of Industries Encouraging Foreign Investment.

    Foreign investors may apply for a refund of the tax credit for reinvestments made between January 1, 2025 and the date of the announcement of the introduction of this benefit. –0–

    MIL OSI Russia News

  • MIL-OSI Canada: Investing in Indigenous tourism

    Alberta’s tourism sector is thriving, with the province hitting a record-breaking $14.4 billion in visitor spending last year. Indigenous-led tourism is playing a key role in this growth by creating year-round demand, with almost half of international visitors seeking unique and authentic experiences when travelling to Alberta to discover the rich Indigenous cultures, traditions and perspectives across the province.

    To support the growing demand for Indigenous-led tourism experiences, Alberta’s government has committed to investing another $6 million over three years through Travel Alberta’s renewed agreement with Indigenous Tourism Alberta. This investment builds upon the province’s previous record-breaking investments in Indigenous-led tourism, creating meaningful employment and ownership opportunities for Indigenous Peoples while helping reach the ambitious goal of growing Alberta’s annual visitor spending to $25 billion by 2035.

    “This continued support gives Indigenous tourism operators the opportunity to provide authentic experiences for visitors to learn about the histories, arts, cultures and perspectives of Indigenous Peoples. Not only does this strengthen Alberta’s visitor economy, but it creates jobs and economic opportunities for Indigenous communities across the province while fostering understanding and supporting reconciliation.”

    Andrew Boitchenko, Minister of Tourism and Sport

    This continued investment by Alberta’s government will support Indigenous Tourism Alberta’s mentorship and development programs for Indigenous tourism operators, as well as enable joint promotional activities that drive international demand for Indigenous tourism operators across the province. By continuing to invest more in Indigenous-led tourism than any other province, Alberta’s government is positioning the province as a premier destination for travellers and helping the rich histories and cultures of Indigenous Peoples shine on the world stage.

    “When Indigenous communities lead their own tourism initiatives, the benefits ripple far beyond the visitor experience. This renewed investment supports Indigenous ownership, strengthens local economies and helps build vibrant, self-sustaining communities. We recently expanded the mandate of the Alberta Indigenous Opportunities Corporation to include tourism, opening more doors for Indigenous entrepreneurs to access capital, grow their businesses and shape the future of Alberta’s tourism sector. We’re proud to stand with Indigenous Tourism Alberta in building a stronger, more inclusive economy for all.”

    Rajan Sawhney, Minister of Indigenous Relations

    “We’re seeing increasing demand for Indigenous tourism from all over the world at our business, and a strong partnership between Indigenous Tourism Alberta and Travel Alberta is so important to keep that progressing. Tourism is competitive, and Indigenous entrepreneurs represent a huge opportunity as a market differentiator for the entire industry in Alberta, so I’m thrilled to see this collaboration continue.”

    Brenda Holder, chair and founding member of Indigenous Tourism Alberta, owner of Mahikan Trails

    “This renewed investment is a continuation of our long-standing partnership with Indigenous Tourism Alberta, built on a shared vision: more authentic, transformative travel experiences, driven by Indigenous communities that want to share their stories with the world. It reaffirms our belief that Indigenous tourism has the power to support thriving communities, creating economic and entrepreneurial opportunities for Indigenous Peoples to own and lead.”

    Jon Mamela, chief commercial officer, Travel Alberta

    Quick facts

    • Through Travel Alberta’s renewed agreement with Indigenous Tourism Alberta, Alberta’s government is investing $6 million over three years to support Indigenous-led tourism.
    • Since 2021, Alberta’s government invested a historic $12 million to support the growth of Indigenous-owned tourism businesses and organizations across the province.
    • Indigenous tourism contributed $126 million in GDP to Alberta’s economy last year, and is projected to contribute another $138.6 million in 2025.

    Related information

    • Indigenous Tourism Alberta
    • Higher ground: a tourism sector strategy

    Related news

    • Alberta’s tourism soars past national average (Jun. 18, 2025)
    • Alberta tops Canada in tourism growth (Apr. 8, 2025)
    • Supporting Indigenous business development (Mar. 21, 2025)
    • Alberta tourism shines on the national stage (Jan. 24, 2025)
    • AIOC mandate expands to tourism (Oct. 30, 2024)
    • Celebrating Indigenous Tourism (Oct. 4, 2024)

    MIL OSI Canada News

  • MIL-OSI Europe: Answer to a written question – Closure of mines and lignite-fired power stations in Western Macedonia: a great cause of suffering for the people – E-001603/2025(ASW)

    Source: European Parliament

    The EU Green Deal and its underlying legislative framework, in particular the ‘Fit for 55 Package’ were adopted by the co-legislators.

    As part of the Green Deal, the Just Transition Mechanism (JTM) mobilises ca. EUR 55 billion to support the most affected regions from the energy transition from 2021 to 2027. Western Macedonia is one of the regions receiving support under the JTM.

    Moreover, the Social Climate Fund will provide funding of up to EUR 86,7 billion from 2026 to 2032. The support measures and investments aim to address the social impact of the inclusion of greenhouse gas emissions from buildings and road transport within the scope of the Emission Trading System, for example by increasing energy efficiency and decarbonisation of heating and cooling of buildings, specifically targeting and benefiting vulnerable households, micro-enterprises and transport users.

    To tackle high energy prices and support those suffering from them, the Commission adopted the Affordable Energy Action Plan on 26 February 2025[1].

    The measures set out in the plan aim at fostering energy efficiency and renewable energy deployment, accelerating permitting, grid deployment, boosting storage and electrification and reducing systems costs, helping to bring down energy costs and support both industry and households.

    • [1] https://energy.ec.europa.eu/strategy/affordable-energy_en.
    Last updated: 30 June 2025

    MIL OSI Europe News

  • MIL-OSI Europe: In-Depth Analysis – Future-proofing the vision for agriculture and food – 30-06-2025

    Source: European Parliament

    The European Commission’s communication on a vision for agriculture and food, published in February 2025, aims to secure the long-term competitiveness and sustainability of the farming and food sector. The document consists of four distinct parts: making agriculture an attractive sector with affordable food for all, a competitive and resilient sector, a future-proof sector that is sustainable and contributes to food security, and a vibrant sector with fair living and working conditions. To future-proof the vision, a foresight ‘wind-tunnelling’ exercise was conducted using the Reference foresight scenarios on the global standing of the EU in 2040, developed by the European Commission’s Joint Research Centre. The scenarios (Storms, Endgame, Struggling synergies, and Opposing views), provide a set of four different plausible contexts to test the vision, with a view to suggesting developments that would make it more robust. While the scenarios do not predict the future, they can point towards challenges and opportunities the future might bring. The participatory workshop we conducted in March 2025 showed that vision statements appear to be more plausible in scenarios where sustainability, environmental protection, and social cohesion are prioritised. In contrast, they may be less robust if the focus is stronger on economic growth, competitiveness, and deregulation, while putting issues such as sustainability or social cohesion aside. The EPRS foresight analysis of 12 vision statements across the four scenarios shows that the Commission’s statements related to sustainable protein sources, reduction of strategic dependencies and digitalisation are the most robust and work across the majority of scenarios. However – and while very important for the future of the sector – food labelling and functional rural areas might need to be made more robust to perform better across a range of different futures. The foresight exercise also highlighted the need for stronger policy coherence and more careful coordination to address the complex challenges facing the agricultural and food sector and achieve the vision, including climate change, social inequalities, and environmental degradation. Carrying out the vision will not be straightforward; the analysis shows that the document does not sufficiently consider the impact of factors outside the European Union’s control. Greater coherence between policies and more anticipatory governance in policymaking is therefore needed to ensure the future of agriculture and food in the EU.

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the security of energy supply in the EU – A10-0121/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the security of energy supply in the EU

    (2025/2055(INI))

    The European Parliament,

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

     having regard to Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products[1] (Oil Stocks Directive),

     having regard to the Commission communication of 28 May 2014 entitled ‘European Energy Security Strategy’ (COM(2014)0330),

     having regard to Regulation (EU) 2017/1938 of the European Parliament and of the Council of 25 October 2017 concerning measures to safeguard the security of gas supply and repealing Regulation (EU) No 994/2010[2],

     having regard to Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU[3],

     having regard to Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity[4],

     having regard to Regulation (EU) 2019/941 of the European Parliament and of the Council of 5 June 2019 on risk-preparedness in the electricity sector and repealing Directive 2005/89/EC[5],

     having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

     having regard to the Commission communication of 8 July 2020 entitled ‘Powering a climate-neutral economy: An EU Strategy for Energy System Integration’ (COM(2020)0299),

     having regard to Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility and repealing Regulations (EU) 1316/2013 and (EU) No 283/2014[6],

     having regard to Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’)[7],

     having regard to Regulation (EU) 2022/869 of the European Parliament and of the Council of 30 May 2022 on guidelines for trans-European energy infrastructure, amending Regulations (EC) No 715/2009, (EU) 2019/942 and (EU) 2019/943 and Directives 2009/73/EC and (EU) 2019/944, and repealing Regulation (EU) No 347/2013[8],

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 18 May 2022 entitled ‘EU external energy engagement in a changing world’ (JOIN(2022)0023),

     having regard to the Commission communication of 18 May 2022 entitled ‘REPowerEU Plan’ (COM(2022)0230),

     having regard to the Commission communication of 18 October 2022 entitled ‘Digitalising the energy system – EU action plan’ (COM(2022)0552),

     having regard to the final assessment report on the EU-NATO Task Force on the resilience of critical infrastructure, published in June 2023,

     having regard to Directive (EU) 2023/1791 of the European Parliament and of the Council of 13 September 2023 on energy efficiency and amending Regulation (EU) 2023/955 (recast)[9] (Energy Efficiency Directive),

     having regard to the Euratom Supply Agency Annual Report 2023,

     having regard to Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652 (the Renewable Energy Directive)[10],

     having regard to Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (recast)[11],

     having regard to Regulation (EU) 2024/1789 on the internal markets for renewable gas, natural gas and hydrogen, amending Regulations (EU) No 1227/2011, (EU) 2017/1938, (EU) 2019/942 and (EU) 2022/869 and Decision (EU) 2017/684 and repealing Regulation (EC) No 715/2009 (recast)[12],

     having regard to Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942[13],

     having regard to Directive (EU) 2024/1711 of the European Parliament and of the Council of 13 June 2024 amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design[14],

     having regard to Regulation (EU) 2024/1747 of the European Parliament and of the Council of 13 June 2024 amending Regulations (EU) 2019/942 and (EU) 2019/943 as regards improving the Union’s electricity market design (Electricity Market Design (EMD) Regulation)[15],

     having regard to its resolution of 14 November 2024 on EU actions against the Russian shadow fleets and ensuring a full enforcement of sanctions against Russia[16],

     having regard to the report by Sauli Niinistö entitled ‘Safer Together – Strengthening Europe’s Civilian and Military Preparedness and Readiness’ (Niinistö report), published on 30 October 2024,

     having regard to European Court of Auditors Special Report 09/2024 entitled ‘Security of the supply of gas in the EU’[17],

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 21 February 2025 entitled ‘EU Action Plan on Cable Security’ (JOIN(2025)0009),

     having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 26 March 2025 on the European Preparedness Union Strategy (JOIN(2025)0130),

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the report of the Committee on Industry, Research and Energy (A10-0121/2025),

    A. whereas energy security is a key building block of a resilient, sustainable and competitive economy; whereas reliable and affordable energy supplies are essential for economic growth, industrial productivity and societal well-being;

    B. whereas in the context of a general security crisis and the need for preparedness against defence challenges, securing energy supply constitutes a priority;

    C. whereas despite the potential for developing domestic clean and renewable energy sources, the EU imports more than 60 % of its energy, including 90 % of its gas and 97 % of its oil[18], leaving it vulnerable to potential energy supply disruptions;

    D. whereas the EU has the potential to develop renewable resources, and since the publication of the Commission’s last Energy Security Strategy in 2014, the production of home-grown renewable energy has grown substantially – wind power by 98 %, solar photovoltaic by 314 %, solar thermal by 22 % and ocean energy by 244 %; whereas, over the same period, the EU’s domestic fossil fuel production has declined, with coal production falling by 53 %, oil by 31 % and gas by 73 %;

    E. whereas with a renewable energy-dominated grid, Europe will need to secure over 100 GW of new clean firm power capacity by 2035 to ensure reliability, energy security and lower costs[19];

    F. whereas the gap between energy production and EU demand negatively affects the EU’s trade balance, with energy imports amounting to EUR 427 billion in 2024 – down from a peak of EUR 602 billion in 2022 – for coal, oil and gas[20];

    G. whereas EU nuclear production has declined by 24 % since 2014[21]; whereas a number of Member States are demonstrating their commitment to expanding nuclear energy as a pillar of their energy strategies and advancing their nuclear power projects;

    H. whereas the diversification of energy sources contributes to the EU’s open strategic autonomy, energy security and resilience against external supply disruptions;

    I. whereas applying renewable and clean domestic energy production, energy efficiency and energy saving measures across the entire value chain decreases reliance on external energy sources and enhances the security of energy supply; whereas EU energy efficiency policies have yielded structural results, with energy demand peaking in 2006 and declining by 20 % in 2023[22], highlighting energy efficiency as the most cost-effective way to reduce emissions, enhance competitiveness, make energy consumption more affordable and improve energy security;

    J. whereas Member States differ in terms of natural and geographical characteristics, energy supply, security, sources and policies;

    K. whereas the Russian Federation has for decades weaponised its supplies of oil, coal, nuclear power and gas to the EU in order to create division among Member States and, since the summer of 2021, to fuel inflation and weaken Europe’s resolve to support Ukraine in its just fight for freedom; whereas Russia’s war against Ukraine started in 2014; whereas Russia has been carrying out an illegal, unprovoked and unjustified full-scale war of aggression against Ukraine since 24 February 2022; whereas Member States agreed in the Versailles Declaration[23] to reassess how to ensure the security of their energy supplies and to phase out their dependency on Russian gas, oil and coal imports ‘as soon as possible’ by, among other means, speeding up the development of renewables and the production of their key components and accelerating the reduction of overall EU reliance on fossil fuels, taking into account national circumstances and Member States’ energy mix choices; whereas the REPowerEU plan put forward a set of actions to stop importing Russian fossil fuels by 2027 at the latest;

    L. whereas while most Russian oil and coal imports have been sanctioned, Russian gas and nuclear imports have regrettably remained outside of the EU’s sanctions regime amid concerns over security of supply;

    M. whereas the share of Russian pipeline gas, both liquefied natural gas (LNG) and pipeline, in the EU’s total energy imports significantly decreased from 45 % in 2021 to approximately 19 % in 2024; whereas EU imports of Russian fossil fuels in the third year of the invasion have surpassed the EU financial aid sent to Ukraine in the same period (EUR 18.7 billion in 2024)[24]; whereas since the beginning of the war, Russia has earned a total of EUR 206 billion in revenue from fossil fuel exports to the EU; whereas global fossil fuel exports constitute the single largest source of revenue for Russia, amounting to EUR 250 billion per year[25] – equivalent to 160 % of the Russian military budget for this year[26];

    N. whereas among the 100 reactors operating in the EU, 18 are located in five EU countries and are of Russian or Soviet-design, each with varying levels of built-in reliance on Rosatom, which poses a particular risk to European energy security; whereas in 2024, Russia met around 23 % of the EU’s total demand for uranium conversion services and 24 % for uranium enrichment services;

    O. whereas Russia has been circumventing sanctions through its shadow fleet, which transports oil to willing buyers under false flags or without flags and which poses serious environmental risks; whereas Member States have yet to implement the effective measures adopted by the Council in the 15th sanctions package against sanctions evasion through the shadow fleet;

    P. whereas in its November 2024 resolution, Parliament called for the EU and its Member States to ban all imports of Russian energy, including LNG and nuclear, to require that ships exporting LNG from Russia be banned from entering EU ports and to refrain from concluding any new agreements with Rosatom or its subsidiaries;

    Q. whereas the absence of an updated robust EU energy security strategy is adversely affecting businesses, industries and households; whereas, among other contributing factors, this has led to a sharp rise in energy poverty with nearly one in ten households (10.6 %) unable to adequately heat their homes in 2023[27], an increase from 6.9 % in 2021[28];

    R. whereas attacks against critical energy infrastructure can lead to a loss of power affecting several Member States simultaneously and substantial economic damage, undermine public security and have implications for the EU’s defence capabilities; whereas Europe’s energy sector has been inundated with cyberattacks since Russia’s invasion of Ukraine; whereas the Baltic Sea’s critical energy infrastructure is under regular attack from Russia; whereas the growing number of perimeter harassment incidents against offshore energy infrastructure poses a serious concern;

    S. whereas NATO’s role in energy security was first defined at the 2008 Bucharest Summit and has since been strengthened; whereas NATO is strengthening the security of critical infrastructure to prevent sabotage, including through the recently launched Baltic Sentry initiative; whereas NATO is supporting national authorities in enhancing their resilience against energy supply disruptions that could affect national and collective defence;

    T. whereas the integration of the Baltic states’ electricity systems into the continental European network in February 2025 was a critical step towards enhancing their energy security, as it eliminated reliance on the Russian-controlled grid, thereby reducing geopolitical vulnerabilities and strengthening the resilience of the Baltic region;

    A new vision for energy security in a changing global landscape

    1. Recalls that the European Environment Agency defines energy security as ‘the availability of energy at all times in various forms, in sufficient quantities, and at reasonable and/or affordable prices’; considers that a comprehensive approach to energy security should take into account the physical infrastructure dimension, the availability, reliability, stability and affordability of supplies and their sustainability, and should place emphasis on the geopolitical and climate dimensions;

    2. Stresses that energy security is a cross-sectoral issue that underpins the functioning of all critical sectors, making it indispensable for economic stability, public safety and national resilience; underlines that integrating energy security considerations into relevant policies and their underlying impact assessments is crucial for enhancing the coherence, consistency and overall effectiveness of EU policymaking;

    3. Emphasises that the current geopolitical situation and continued perilous energy supply dependencies underscore the need to revise the understanding of energy security and recognises that the resilience of energy systems, understood as the ability to anticipate, withstand, adapt to, and quickly recover from possible disruptions, is now a strategic imperative;

    4. Stresses that as the energy system continues to decarbonise, the share of renewables increases and electrification advances, a well-functioning and integrated energy market, energy efficiency, the integration of flexibility sources (electricity and heat storage, hydrogen, comprehensively developed and resilient infrastructure, demand response, etc.), and sufficient dispatchable capacity will be crucial to successfully manage the intermittency of renewable energy sources and unlock the full potential of the energy transition;

    5. Highlights that energy security cannot work without adequacy; notes that ‘the scarcity issues tend to shift from the peripheral areas of Europe in 2025 to the central parts of the continent by 2033’[29]; believes that capacity remuneration mechanisms play a structural role in securing dispatchable backup capacity to ensure adequacy during peak times or periods of supply shortages and in helping to incentivise the necessary investments in generating capacity that market signals, relying solely on infrequent scarcity price hours, may fail to justify; underlines the need to ensure that the mechanisms are open to different types of resources (such as demand side, energy savings, aggregation, storage units and cross-border resources) capable of providing the necessary services, such as flexibility, do not create undue market distortions or limit cross-zonal trade, and reflect compatibility with a future decarbonised electricity system, including through coherence with defined emission limits as set out in Article 22 of the EMD Regulation; recalls that remuneration for capacity mechanisms only covers their availability; stresses the urgent need to simplify and streamline their approval processes, as requested by the EMD revision, while giving due consideration to the specific problems of the electricity market in the respective Member States in the Commission’s approval process; notes the Commission report on the assessment of possibilities of streamlining and simplifying the process of applying a capacity mechanism[30] and the ongoing works on the Clean Industrial Deal State Aid Framework with concrete proposals to accelerate the approval process; notes that while the balancing market provides essential short-term services, it is not yet investment-friendly and calls therefore on the Commission to develop incentives to build the flexible assets that balancing markets urgently need;

    6. Stresses that decarbonisation should take into account the specificities of Member States and their regions, including Europe’s outermost territories and Just Transition Fund regions and their level of access to different types of clean energy sources, the needs of their industries and the vulnerability of their citizens in order to ensure a just transition that maintains energy security by creating synergies between climate ambitions, geographical and natural conditions, and social and economic realities;

    7. Notes the need for a broader approach to non-fossil flexibility and energy storage that incorporates molecules and heat; highlights the potential of district heating systems that can use thermal storage to reduce the temperature of the loop and incorporate waste heat, solar, geothermal and other renewable sources, where appropriate, using natural gas and biomass in a transition period; draws attention to the important role that the optimal use of high-efficiency cogeneration, in line with the Energy Efficiency Directive, can play in contributing to balancing the electricity grid and to the competitiveness of some industrial sectors, especially those that do not have alternative ways of producing affordable heat in their industrial processes; stresses the need to modernise and expand district heating grids to this end;

    8. Emphasises that technological neutrality plays a key role in enhancing the security of energy supply while avoiding lock-in effects and fostering sustainability, economic efficiency and a just transition; recalls the need to invest in a diverse portfolio of clean technologies that allow regions to adopt technologies best suited to their needs in a cost-effective way, making energy more affordable and accessible;

    9. Notes that the Draghi report[31] highlights that a reduction in dependency on fossil fuel imports would enhance EU competitiveness and the affordability and security of supply; notes that natural gas is currently a component of the EU’s energy security, with demand of 320 bcm in 2024, and notes the International Energy Agency (IEA) forecasts indicating a moderate demand of 260 bcm annually by 2035[32], while a REpowerEU scenario projected a possible demand reduction of 184 bcm by 2030, implying an approximate 50 % slash in natural gas demand in less than five years, compared to demand of 356 bcm in 2022; recalls Draghi’s proposal to establish a comprehensive strategy for natural gas, managing its role during the transition and securing its supply, that should guide infrastructure choices, international partnerships and legislation; notes, with concern, that inconsistent policies on natural gas have weakened the trading position of EU companies, leaving them exposed to global spot market prices and potentially creating a gap between what the EU has contractually secured and what will be imported over time;

    10. Stresses that the development of nuclear energy remains a national prerogative in the framework of EU law; notes that for the Member States that choose to have nuclear power in their energy mix, it can have an important role to play in an integrated energy system with increasing penetration of renewables; notes that a number of Member States see a need to support the development and deployment of both existing and a new generation of nuclear technologies, as well as the entire nuclear fuel cycle, that will contribute to building a competitive technological supply chain in the EU so as to ensure open strategic autonomy; stresses the importance of assessing the full cost of the entire nuclear energy life cycle, including construction, operation, security, environmental and health impacts, waste management and decommissioning; notes the existing and ongoing reliance on foreign providers, with approximately 97 % of the EU’s natural uranium supply in 2022 coming from oversea sources[33] and stresses the need to diversify  uranium and nuclear fuel supply sources and to follow the Euratom Supply Agency’s recommendation in developing reliable supply chains to meet the growing demand for nuclear and new nuclear technologies; notes, in this regard, the European Investment Bank’s recent decision to renew its support for strengthening European uranium enrichment capacities; underlines that small modular reactors (SMRs) and advanced modular reactors (AMRs) have the potential to enhance energy security by providing low-carbon power; notes, however, that the technology is not yet fully developed; welcomes the announced assessment of the possibility of streamlining licensing practices for new nuclear energy technologies such as SMRs;

    11. Recognises that renewable energy constitutes an enabler of energy autonomy and long-term security of supply; stresses that renewables are essential in delivering energy security as they already constitute the main source of home-grown energy for the EU; highlights the importance of maximising the use of existing renewable capacities, particularly by tackling the issue of curtailment, as grid congestion in the EU curtailed over 12 TWh of renewable electricity in 2023, resulting in an additional 4.2 million tons of CO₂ emissions[34]; notes that renewables have already helped to reduce EU dependence on Russian gas as they accounted for 25 % of the energy and 45 % of the electricity consumed in the EU in 2023; reaffirms the importance of sustained EU support for the development and deployment of established renewable technologies, such as solar, wind power, geothermal and heat pumps; reiterates the necessity of policy and investment support for less developed or emerging sectors in order to accelerate the deployment of renewable technologies that are the most relevant given their national and local circumstances, such as innovative geothermal technologies, biomethane, solar thermal, marine energy, tidal energy, osmotic energy and concentrated solar power; expresses concern that, without targeted support policies, some innovative technologies may fail to reach commercialisation in a timely manner, and therefore calls on the Member States to support their research, demonstration, market adoption and scale-up; calls on the Commission to present an investment plan for these renewable technologies;

    12. Notes, in particular, the potential of geothermal energy, estimated to reach 510 GW by 2035 at a capacity factor of 80-90 %; highlights the vast untapped resources in certain EU regions and calls on the Commission to deliver on Parliament’s call to support the development of geothermal energy, including through the establishment of risk mitigation instruments;

    13. Asks the IEA to conduct an analysis to assess the possibilities for using EU natural gas resources; notes that domestic EU natural gas production dropped by more than a third between 2020 and 2023 and that this decline is expected to continue with no significant near-term increase in the production of green gases, including biogas and biomethane, in the EU; notes that Draghi’s report highlights that while progressively decarbonising and moving to hydrogen and green gases in line with RED III and REPowerEU as a transitional measure, domestic natural gas production – where deemed justified by individual Member States – could also play a role in contributing to security of supply and avoiding exposure to negative geopolitical developments;

    14. Highlights that diversification is vital to mitigate the risk of supplier dominance in a changing geopolitical context; believes the EU needs to strengthen international partnerships with reliable suppliers of energy, raw materials and clean-tech components in all regions of the world, and, in particular, with European Economic Area countries;

    15. Underlines that enhancing energy security requires a holistic approach, notably through improving energy efficiency in key end-use energy sectors, such as buildings and industry, promoting energy savings, boosting investment in research and development, and ensuring meaningful citizen participation, all of which are essential to achieving a resilient, sustainable and inclusive energy system;

    16. Calls on the Commission to be mindful of future military capability and mobility needs in the development of the EU’s energy system; notes, with concern, that the EU is highly import-dependent for crude oil and petroleum products; calls on the Commission to prepare a comprehensive strategy on liquid fuels in order to ensure their readily available access for the military in a crisis situation, and to reduce dependencies on vulnerable import chains and unreliable producers, particularly thorough the development of advanced synthetic fuels (such as sustainable aviation fuels and e-fuels) in Europe;

    17. Draws attention to the Niinistö report’s recommendation on the need for further work on priority dual-use transport corridors for civilian and defence-related logistical needs, and on the expansion of fuel supply chains for the armed forces along these corridors, as well as stockpiling and strategic reserves of energy, that could be particularly useful for the regions with insufficiently developed pipeline infrastructure and fuel storage; calls, in this respect, on the Commission to review the Oil Stocks Directive in the light of recent geopolitical shifts and the military readiness needs in order to strengthen energy security and resilience against emerging military risks;

    18. Acknowledges the rapidly accelerating energy demand driven by the digital sector, particularly the substantial energy requirements of data centres and artificial intelligence systems; stresses that this trend highlights the urgent need for robust energy efficiency policies and underscores the importance of the EU proactively pursuing sustainable, forward-looking solutions to meet this growing demand while safeguarding the resilience of its energy system;

    A resilient energy infrastructure

    19. Notes that infrastructure bottlenecks impede the benefits of sector integration and aggravate the threats to energy security; underlines the importance of investing in new energy networks, including cross-border interconnectors and offshore grids, and optimising existing infrastructure to increase capacity using grid-enhancing technologies (GETs) while reducing new infrastructure needs, in order to enable the integration of renewables and other new generation facilities, close price gaps, improve the overall system efficiency and foster solidarity among the Member States in the event of an energy crisis; emphasises the need for technically sound infrastructure planning that takes into account geographical and natural characteristics while ensuring long-term viability and avoiding the creation of stranded assets;

    20. Calls on the Commission to urgently assess areas where interconnectors are insufficient so as to achieve the current 15 % interconnection target as set out in Regulation (EU) 2018/1999[35]; stresses the importance of Projects of Common Interest (PCIs) in facilitating the efficient and secure flow of electricity across Member States and regions, thereby strengthening cross-border integration and energy solidarity within the EU; acknowledges the role of the Connecting Europe Facility for Energy (CEF-E) in completing the above investments and reiterates its call for its funding to be significantly increased when proposing the next multiannual financial framework;

    21. Calls on the Member States to accelerate permitting procedures for electricity installations and networks; notes that excessively long permitting procedures could create legal uncertainty, undermining resource adequacy by delaying the implementation of critical projects – whether for repowering or revamping existing generation sites, or for developing transmission, distribution, or storage infrastructure; welcomes the positive progress made regarding provisions adopted in the latest revision of the Renewable Energy Directive and the Emergency Regulation on Permitting[36] to accelerate, streamline and simplify permit-granting procedures;

    22. Recalls that climate change continues to worsen, placing increasing stress on the energy system due to extreme weather events, such as heat waves, that lead to thermal power plant shutdowns, droughts that reduce generation output, and severe storms, floods and fires that damage electricity grids and gas pipelines; stresses that the impact of climate change on generation assets, networks and consumption patterns should be better integrated into the modelling and preparedness of energy infrastructure; emphasises the need for resilient energy system planning, incorporating climate-adaptive strategies such as advanced cooling technologies, grid flexibility, decentralised renewable generation and strengthened infrastructure protections; highlights the importance of integrating a climate-proofing plan, grounded in an initial risk-based assessment, into energy projects from the earliest stages of development;

    23. Calls on the Commission to build on Directive (EU) 2022/2557[37] on the resilience of critical entities by facilitating its full and harmonised implementation through the provision of best practices, guidance materials and methodologies, and cross-border training activities and exercises to support Member States, competent authorities and critical energy entities;

    24. Emphasises the need to invest in the protection and resilience of energy infrastructure against human-caused threats, such as military, hybrid and cyber attacks; expresses concern about recent sabotage incidents in the Baltic Sea and calls for stronger EU-level action to protect the EU’s critical energy infrastructure, including cross-border connections with non-EU countries, such as subsea pipelines and cables, offshore wind farms and interconnections, designed to support the most impacted Member States, and to complement national measures; welcomes, in this regard, the joint communication on the EU Action Plan on Cable Security;

    25. Notes that the decentralisation of the energy system, that both strengthens resilience and facilitates the energy transition, and increased diversity of sources and autonomy, reduce reliance on centralised power plants, minimise outage risks, enhance grid stability, and enable quicker recovery from disruptions; emphasises at the same time that the increased number of remote and dispersed sources of energy, energy storage and new connections require enhanced measures to ensure robust infrastructure protection;

    26. Calls on the Commission to draw on the lessons learned from the war in Ukraine, particularly the critical role of electricity interconnection, microgrids, distributed solar power, wind power and battery storage in ensuring greater resilience of the electricity grid against military attacks, including cyberattacks, drones and missiles; commends Ukraine’s sustained efforts to maintain the functionality and safety of its energy system in the face of Russia’s war of aggression, and underscores that supporting Ukraine also entails helping to safeguard the soundness of its national electrical grid;

    27. Notes, with concern, that small distributed energy resources (DERs) connected to the internet, such as inverters, are not covered by appropriate conformity assessment procedures under cybersecurity legislation, such as the Cyber Resilience Act[38], and since they can be remotely controlled and their software updated by the manufacturer, which, in many cases, are non-trusted vendors, they could give these non-trusted vendors control over EU electricity grids; urges the Commission to establish mandatory risk assessments for DERs based on the country of origin, ensuring that devices controlled from jurisdictions with potential security concerns are subject to strict oversight and localisation requirements; calls for enhanced resilience in European supply chains by promoting EU-based manufacturing of DERs and fostering alliances with trusted international partners; highlights the need for an adequate number of professionals specialised in cybersecurity and close coordination among Member States to address these vulnerabilities;

    28. Calls on energy companies that manage critical infrastructure to work closely with the EU Agency for Cybersecurity and equip themselves with the most advanced cybersecurity tools; considers that cooperation with NATO in the field of cybersecurity should be strengthened in order to counter hybrid threats to Europe’s energy security;

    29. Notes that the Member States need to do their utmost to increase their resilience, which encompasses the ability to prevent, protect against, respond to, resist, mitigate, absorb, accommodate and recover from incidents, taking into full account the interdependence of the EU energy market and the potential domino effect that infrastructure failures in one country may have across the Union; underlines, in particular, the need to strengthen the recovery aspect, which could be achieved through an efficient European repair and response mechanism and national and regional operational plans, which could serve as an important element of the EU’s deterrence strategy; notes the importance of EU solidarity in responding to potential infrastructure incidents, ensuring coordinated action and mutual support among Member States;

    30. Recalls that energy infrastructure constitutes a particularly sensitive sector in need of protection against foreign interests; urges the Member States and the Commission to address security risks associated with foreign investment in and acquisitions of energy infrastructure; expresses concern about a series of potentially sensitive foreign investments, particularly in grids; welcomes, in this regard, the ongoing revision of the Foreign Investment Screening Regulation[39] as a timely step towards adopting a stringent strategic approach to the development and oversight of European energy infrastructure;

    31. Stresses that energy security should include the supply of key clean technologies, components and critical raw materials and notes the need for their diversified sourcing; calls for increased support for the EU’s grid manufacturing industry as a strategic pillar of the energy transition, with particular emphasis on ensuring a fair and competitive regulatory environment for European manufacturers, while exploring the potential for local content requirements to strengthen energy security, supply chain resilience and industrial competitiveness; calls for an update of the Public Procurement Framework to simplify and reduce the administrative burden for grid operators to access the needed grid technologies;

    32. Emphasises the importance of integrating circularity principles into the design of critical infrastructure and equipment, and calls for increased support for their implementation, with the goal of reducing the EU’s dependence on imports of foreign raw materials and enhancing resource efficiency;

    Phase out of Russian energy supplies

    33. Highlights that the challenges posed by a lack of solidarity in the EU and by some Member States prioritising particular interests have made the whole continent aware of the dangers of dependence on an unreliable energy supplier weaponising energy exports; underlines that the lessons learned from Russia’s war of aggression against Ukraine need to be at the core of future EU actions, particularly highlighting the critical importance of a united European response in order to eliminate perilous dependencies in energy supplies;

    34. Underlines that the EU has made advances in reducing its energy dependence thanks largely to the REPowerEU plan and the 16 sanctions packages, leading to a decline in imports of Russian gas (pipeline and LNG) from 45 % of total EU gas imports in 2021 to 19 % as of 2024;

    35. Expresses deep concern that the EU still maintains its reliance on Russian gas and, moreover, has recently seen an increase, with imports rising by 18 % in 2024 and continuing to grow in 2025[40]; notes that in 2024 alone, Member States purchased an estimated EUR 7 billion worth of Russian LNG, and since Russia’s invasion of Ukraine, the EU has imported EUR 200 billion worth of Russian oil and gas – totally[41] fuelling Russia’s war machine;

    36. Welcomes the publication of a roadmap for phasing out Russian energy imports, which must pave the way for their definitive end as soon as possible;

    37. Welcomes the stepwise prohibition of Russian gas imports proposed by the Commission; stresses the need to introduce an EU-wide ban on all Russian natural gas imports by 2027 at the latest, and on new contracts and existing spot contracts by the end of 2025; insists that the Member States, including those currently benefiting from targeted derogations for Russian oil imports, should ultimately phase out these imports by 2027 at the latest; welcomes the upcoming legislative proposals in this regard and calls on the Commission to explore the use of all available transitional instruments that could lead to the end of Russian fossil fuel imports by 2027, such as the introduction of a regular quota system for Russian gas imports into the EU and the introduction of a ceiling price for Russian LNG, following an assessment of market and price impacts; calls on the Commission to provide EU companies with effective and legally sound toolkits to facilitate their efforts to get out of long-term contracts with Russian suppliers without incurring penalties;

    38. Calls on the Member States to include gas deliveries to the EU from the Yamal LNG and Arctic LNG 2 terminals in the scope of EU sanctions and the respective sanctioning of the singular fleet of ice-class LNG carriers linked to the Yamal LNG project; notes that sanctioning LNG carriers would be highly effective, as there is a limited number of ice-class LNG carriers in the world; stresses that the above actions would require adequate assessments of the legal and economic impacts on the European companies concerned and to ensure their ability to exit contracts;

    39. Commends the inclusion of the nuclear supply chain in the roadmap; notes, with concern, that Russian nuclear fuel remains present in the EU market, including through indirect supply chains, and that in 2023, 23.5 % of the uranium consumed in the EU came from Russia and 30.1 % of the uranium used in the EU’s nuclear fleet was enriched by Russia; notes that while domestic providers are ramping up capacity in their European facilities to meet increased demand, as utilities proactively move away from Russian supply, clear policy decisions are urgently required at EU and national level to address the above vulnerabilities in the nuclear supply chain; calls therefore for support for projects within the Union that contribute to greater autonomy and security of nuclear fuel supply;

    40. Expresses concern that official data does not provide a complete picture of Russian energy imports and their final destination, as relabelled Russian oil and gas continue to enter the EU market; notes with regret that this, in some cases, occurs with the acquiescence of the state actors involved;

    41. Agrees that an adequate assessment of the amount of Russian energy imports is a prerequisite for phasing out this dependence; regrets the continued whitewashing of Russian energy imports and stresses the need for greater transparency in the EU energy market; calls on the Member States to publish data on the origin of imported, exported and consumed Russian gas, and urges the application of all measures against the whitewashing of Russian energy imports; notes that relevant reporting obligations laid down under Regulation (EU) 2024/1787 on methane emissions reduction in the energy sector can contribute to achieving this goal;

    42. Welcomes the upcoming proposals for transparency, monitoring and traceability mechanisms, as the effective implementation of sanctions depends on compatible control mechanisms in all Member States; underscores the urgent need to develop a legal mechanism to ensure the transparency and traceability of natural gas originating in Russia and exported to the EU as liquefied natural gas and by pipeline, and eventually to cover oil imports; stresses that this mechanism should be extended to energy imports from other destinations in the future; considers that the mechanism would require cooperation between various services, including EU competition services, the Agency for the Cooperation of Energy Regulators (ACER) and national customs authorities; asks the Member States to consider strengthening the criminal investigation powers of national customs authorities to ensure the effectiveness of the above mechanism and introducing sufficient deterrent measures and fines, such as adequate financial penalties for sanctions evasion;

    43. Stresses the need to adopt a legal framework for diversification, requiring each Member State to prepare, in a coordinated manner and through the appropriate competent authorities, an exit plan for Russian energy sources and to support and oversee the preparation and implementation of specialised exit plans at the level of undertakings active in their respective energy sectors; considers that these plans should include domestic production and demand reduction dimensions;

    44. Strongly condemns the calls for a return to Russian energy imports as part of the peace settlement in Ukraine; firmly rejects the idea of the possible certification of the Nord Stream 2 pipeline and insists on the complete decommissioning of Nord Stream pipelines; warns against the EU falling back into dependency on an unreliable supplier and calls on the Commission and the Member States to develop safeguards against this, such as a countersignature by the Commission on any potential contracts with Russia or the mandatory use of the AggregateEU platform for this type of purchase;

    45. Recalls that energy is a fundamental necessity; emphasises that the phase out of Russian energy imports must be a collective effort, ensuring that no Member State, company or household is left behind; emphasises that Member States are not equally positioned to phase out Russian energy imports in the same manner, and therefore urges strong solidarity among them, alongside appropriate support measures from the Commission to ensure a fair and coordinated transition;

    46. Notes that, in the near-term, there is the need to replace phased out Russian energy imports with reliable non-EU sources and urges the Commission therefore to propose measures that ensure their sufficient substitution from trusted partners; stresses, however, that Russian energy supplies should not be replaced by new dependencies in supplies, and therefore that, in the long term, energy imports should be progressively reduced through effective measures to support decarbonisation, electrification and energy efficiency and savings in the sectors where it is possible and cost-efficient, as well as through the development of domestic energy production in line with the REPowerEU plan;

    47. Emphasises that energy dependence on Russia also should not be replaced by new dependencies on individual suppliers of energy technologies, components or critical raw materials;

    Revision of security of supply framework

    48. Welcomes the upcoming revision of the Security of Supply architecture including the Gas Security of Supply Regulation and the Electricity Risk Preparedness Regulation, and other relevant legislation; considers that the new EU security of supply architecture should reflect such fundamental shifts as increasing cross-sectoral integration of the energy system, the new geopolitical landscape, the profound changes in supply routes, the impact of climate change, as well as changes in the maturity of energy technologies reflected in shifts of levelised costs of energy and the opportunities this presents for the energy transition;

    49. Highlights that energy efficiency plays a critical role in enhancing the security of energy supply by reducing overall energy demand, lowering dependency on energy imports and increasing system resilience; considers that the new security of supply framework should be broadened to reflect a new way of looking at the security of energy supply, based not only on energy sources, but also on the energy efficiency first principle, energy savings, cost efficiency, as well as the ability to produce different types of energy domestically; notes that, in the near-term, the Union should concentrate on effective and solid weaning of Russian energy imports without loopholes, including through securing alternatives supplies from reliable partners and better use of existing infrastructure, while in parallel continuing to develop domestic alternatives to imported energy products, where possible; stresses, nevertheless, the imperative to develop a future-proof security of supply architecture that systematically reduces dependence on external actors, notably by advancing energy efficiency, promoting energy savings, enhancing circularity and ensuring the sustained growth of home-grown clean energy production and well-protected decentralised energy infrastructure;

    50. Emphasises the need to prioritise the resilience of energy infrastructure, drawing on the lessons learned from Russia’s war of aggression against Ukraine, the targeted attacks on its energy systems and the benefits of decentralised energy systems; considers that new energy assets should be ‘resilient by design’, including to possible military threats and extreme weather events;

    51. Stresses the need for greater cooperation among all actors on the resilience of energy infrastructure to both climate impacts and human-caused threats; insists that the protection of this infrastructure requires greater involvement of governments, including through public-private partnerships; welcomes, in this regard, the Niinistö report recommendation to engage with the private sector in institutionalising de-risking efforts, cross-sector stress tests and proactive security measures; asks the Commission to ensure that such cooperation is reflected in plans covering incident management and recovery, and is subject to regular exercises; notes that the Union’s preparedness strategy includes actions to strengthen public-private partnerships and calls on the Commission to further develop relevant specific measures for the energy sector in the review of the security of supply architecture;

    52. Notes the need to accommodate in the security of supply architecture the integration of renewable and low-carbon gases, such as biomethane and hydrogen; recalls that the Hydrogen Strategy already recognised the role that renewable and low-carbon hydrogen production can play in providing flexibility and storage in an integrated energy system with a high share of renewables; calls on the Commission to recognise the complementarities between hydrogen and electricity in the future Electrification Action Plan, in line with energy sector integration, and to set clear conditions for the ramp-up of hydrogen to contribute to the energy transition, particularly in hard-to-abate sectors;

    53. Stresses the need to include affordability risks in national risk assessments; calls for transparency on the implementation of national risk-preparedness measures to increase trust between the Member States; notes the advantages of greater coherence on protected consumer categories (consistent categories and gradation of disconnection priority for grid users) to allow coordinated consumer load-shedding plans to be defined, including plans to support vulnerable households affected by, or at risk of, energy poverty during an energy crisis;

    54. Highlights the need for a unified, resilient and strategically coordinated energy policy; emphasises that as the EU energy markets become more integrated, energy security is increasingly becoming a shared responsibility of the Member States, thus requiring solidarity and coordination in order to prevent unilateral actions that could undermine the security of the entire EU; warns that a unilateral decision by a single actor to enter into a harmful energy agreement with a non-EU country could expose the whole EU to renewed energy crises, price volatility and geopolitical pressure;

    55. Notes the need for stronger coordination between the Member States on the decommissioning of ageing generation units with cross-border impact, as well as on withdrawal from the system of generation capacity in order to ensure that alternative installations have been completed and are in operation, as this affects the availability and affordability of energy in neighbouring countries;

    56. Underlines that data-driven technologies should positively impact energy security management; recognises the importance of comprehensive energy information and data in identifying and responding to evolving energy security threats and in infrastructure planning, and calls for improved coordination in the collection of such information and data;

    57. Calls on the Commission to include in the security of supply proposal technical provisions for the standardisation and interoperability of critical components of the EU’s energy system, particularly electrical transformers, to ensure that a lack of standardisation does not hinder European solidarity;

    58. Welcomes the establishment by the European Network of Transmission System Operators for Electricity (ENTSO-E) of a new Task Force on the Security of Critical Infrastructure, aimed at analysing and proposing recommendations on the topic of security of critical infrastructure; stresses the importance of incorporating lessons learned from Ukraine’s experience, including the valuable expertise of the dedicated unit within the Ukrainian Transmission System Operator (TSO) tasked with identifying and mitigating threats to critical infrastructure; calls on the Commission to collaborate closely with ENTSO-E in delivering a comprehensive and systemic assessment of threats to the EU electricity grid, to be completed by 2026;

    °

    ° °

    59. Instructs its President to forward this resolution to the Council and the Commission.

     

    MIL OSI Europe News

  • MIL-OSI Europe: Germany: Largest EIB financing for EWE – over 2,600 km of new underground power lines and more than 1,100 substations for Lower Saxony’s energy transition

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) and EWE AG announced the largest EIB loan that EWE has ever received at a ceremony marking the 25th anniversary of the EIB’s Berlin office today.

    A long-term credit facility of up to €450 million was finalised at an event attended by German federal government ministers, project partners and stakeholders.

    This will support investment totalling more than €700 million between 2025 and 2028. The programme includes the laying of more than 2,600 kilometres of new underground power lines and the construction and modernisation of over 1,100 substations, constituting another major step forward for energy infrastructure and energy security in northern Germany.

    EWE Chief Financial Officer Frank Reiners said:

    “We are pleased to further develop our partnership with the EIB. This financing will help supercharge our investments in grid expansion and digitalisation. This will enable us to rapidly and securely integrate more renewable energy into the power grid and strengthen the security of supply in our regions, thereby making them more attractive for new industrial developments.”

    EIB Vice-President Nicola Beer added:

    “What many people do not know is that the most important energy-transition investments are often right under our feet. With over 2,600 km of new underground power lines and more than 1,100 new and modernised substations, we are working with EWE to build a hidden backbone for a more secure energy supply and expanded use of renewable energy throughout northern Germany. Today’s signature of the EIB’s largest-ever financing for EWE at the 25th anniversary event for our Berlin office – attended by high-ranking representatives from politics and business – sends a strong signal for the future of energy supply in Germany. 2024 was a record year for EIB support for the energy grid and this project shows how we are actively shaping Europe’s green future.”

    Hidden infrastructure – the backbone of the energy transition

    Investing in power grids is at the heart of the European energy transition. The massive expansion of renewable energy makes high-performance, flexible grids vital to adding new wind and solar power systems, switching to electrical power for heat and transport and ensuring secure, reliable supply for households and industry. Around 95% of the electricity fed into EWE’s power grid in Lower Saxony comes from renewable sources. The investments will enable an additional 3 gigawatts (GW) of renewable generation capacity to be connected by 2028, representing an important contribution to German and European climate targets.

    2024: A record year for EIB power grid investment

    2024 was a record year for EIB support for power-grid investment across Europe. As the EU climate bank, the EIB has a long track record of financing key energy infrastructure projects making decarbonisation, economic growth and energy-security possible. In recent years, the EIB has financed grid modernisation and expansion in Germany, France, Spain, Italy, Poland and many other EU Member States, laying the foundations for a sustainable, interconnected European energy market.

    Contributing to national and EU objectives

    EWE’s investment programme is fully aligned with Germany’s national energy and climate plan, which foresees an 80% share of renewable energy in electricity use by 2030. It also supports the REPowerEU initiative by expanding clean-energy integration, cutting emissions and strengthening energy supply. A total of 40% Sof the investments will go to cohesion regions, promoting economic and social cohesion.

    The EIB – a reliable partner for Europe’s energy transition

    The EIB’s long-term, flexible financing provides a stable basis on which EWE can implement its investment plans, diversifies sources of funding and sends a positive signal to capital markets. As an anchor investor, the EIB is mobilising additional public and private capital for critical infrastructure projects.

    Background information

    EIB

    The European Investment Bank is the world’s largest multilateral lender for climate action projects, supporting initiatives that promote sustainable growth, innovation and social cohesion in the European Union and beyond.

    EWE

    EWE AG is one of Germany’s leading energy and infrastructure companies, operating electricity, gas, water supply and telecommunications networks in Lower Saxony and beyond.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Children experiencing informal homelessness – E-002481/2025

    Source: European Parliament

    Question for written answer  E-002481/2025
    to the Commission
    Rule 144
    Marit Maij (S&D), Andreas Schieder (S&D), Alicia Homs Ginel (S&D), Romana Jerković (S&D), Nora Mebarek (S&D)

    Across the EU, children are living in places that are not meant to be homes, such as cars and garages, which is considered informal homelessness. There are no concrete figures or evidence available, but aid workers in the Netherlands, for example, suspect a direct link to the housing crisis.

    Given this situation:

    • 1.Does the Commission have any figures available regarding homeless children in the EU that it could share?
    • 2.If not, is it willing to research the extent of this problem, which concerns a very vulnerable group of citizens in Europe?
    • 3.In light of the principles of the European Pillar of Social Rights, could it please indicate the actions it has already taken to support these vulnerable children?

    Submitted: 19.6.2025

    Last updated: 30 June 2025

    MIL OSI Europe News