Category: Ukraine

  • MIL-OSI United Kingdom: Outcomes of the UK/EU Summit on 19 May: UK statement to OSCE

    Source: United Kingdom – Government Statements

    Speech

    Outcomes of the UK/EU Summit on 19 May: UK statement to OSCE

    Ambassador Holland briefs on the outcomes of the UK/EU Summit, which took place on 19 May in London, including the leaders’ commitment to the Helsinki Decalogue and resolute condemnation of Russia’s war of aggression against Ukraine.

    Thank you, Chair. On 19 May the UK Prime Minister, Sir Keir Starmer welcomed Presidents Von Der Leyen and Costa and High Representative Kallas to Lancaster House, for the first ever Summit between the UK and the EU.  It was an important forward-looking discussion at which our leaders confirmed our steadfast dedication to the fundamental tenets of democracy, respect for human rights and the rule of law. They restated our commitment to the Helsinki Decalogue and to the rules based international order, with the United Nations at its core.  

    Our leaders stressed our resolute condemnation of Russia’s war of aggression against Ukraine and underlined our commitment to hold Russia accountable for its aggression.  Our leaders also offered continued support to Moldova and reaffirmed our commitment to the stability and prosperity of the Western Balkans.  

    Europe faces a generational threat to our shared security and against this backdrop the discussion included global and strategic priorities of joint concern and agreement to strengthen cooperation across a range of issues for the security, safety and prosperity of all people across the UK and EU.   

    During the Summit the UK and the EU reached agreement on a Security and Defence Partnership.  The Partnership is broad and ambitious and will upgrade our cooperation on areas ranging from defence industry, mobility of military material and personnel, maritime security and space security, to illicit finance, irregular migration and working together to protect our critical infrastructure. These are issues relevant to the work that we do each day here in Vienna and our partnership will contribute to our shared security. 

    Madam Chair, this Summit underpinned the importance of UK and EU cooperation and our new geopolitical partnership that drives closer coordination, builds on our OSCE principles and commitments and will underpin our comprehensive approach to security.   

    Thank you.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai attends 2025 Europe Day Dinner

    Source: Republic of China Taiwan

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman”>Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: The priority at the moment is to continue direct Russian-Ukrainian negotiations – D. Peskov

    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

    Moscow, May 29 /Xinhua/ — The priority at the moment is to continue direct Russian-Ukrainian negotiations, Russian presidential press secretary Dmitry Peskov told reporters.

    “The main thing now is to continue this process of direct Russian-Ukrainian negotiations. And it has been proposed to do this on Monday in Istanbul,” he said.

    Answering the question of what Russia might do if Ukraine disrupts the talks on June 2, the Kremlin spokesman noted: “I think such a question is inappropriate now. We need to wait for the Ukrainian side’s response and then take our bearings.”

    Ukraine’s demand to “immediately transfer the memorandum” is not constructive, D. Peskov emphasized.

    Russian Foreign Minister Sergei Lavrov said on Wednesday that Russia is ready to provide Ukrainian negotiators with its memorandum on the terms of the conflict settlement during direct talks on June 2 in Istanbul. –0–

    MIL OSI Russia News

  • MIL-OSI Global: Germany steps up to replace ‘unreliable’ US as guarantor of European security

    Source: The Conversation – UK – By Stefan Wolff, Professor of International Security, University of Birmingham

    Two statements from world leaders this week bear closer examination. On May 27, the US president Donald Trump took to his Truth Social social media channel to proclaim that if it wasn’t for him, “lots of really bad things would have already happened to Russia”. The following day the German chancellor, Friedrich Merz, announced that his country would assist Ukraine in developing long-range missiles to deploy against targets inside Russia. Both statements are quite extraordinary.

    Even by Trump’s own standards, the public declaration by a sitting US president that he is protecting the Russian president, Vladimir Putin, is unprecedented. Putin is under indictment for war crimes and has been waging a war of aggression against Ukraine for more than three years after having illegally annexed Crimea over a decade ago. There can now be no doubt left that the US has become an unreliable ally for Ukraine and its European partners.

    This is the context in which Merz’s announcement of increasing defence cooperation with Ukraine becomes significant. While Trump continues to chase an impossible deal with Putin – even after threatening to abandon his mediation efforts less than ten days ago – Germany has doubled down on Ukraine’s defence.

    Not only that, but as the EU’s largest and Nato’s second-largest economy, Germany is now also aiming to turn its Bundeswehr (the German army, navy and air force) into the “strongest conventional army in Europe”. Its most senior military officer and chief of defence, Carsten Breuer, has published plans for a rapid and wide-ranging expansion of defence capabilities.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    Germany is finally beginning to pull its weight in European defence and security policy. This is absolutely critical to the credibility of the EU in the face of the threat from Russia. Berlin has the financial muscle and the technological and industrial potential to make Europe more of a peer to the US when it comes to defence spending and burden sharing. This will be important to salvage what remains of Nato in light of a highly probable American down-scaling – if not complete abandonment – of its past security commitments to the alliance.

    After decades of failing to develop either a grand strategy to deal with Russia or the hard power capabilities that need to underpin it, achieving either will take some time. But it is important to acknowledge that some critical first steps have been taken by the new German government.

    Facing a growing threat

    For Germany, and much of the rest of Europe, the investment in more defence capabilities does not simply require producing more ammunition or procuring more advanced defence systems. These are important – but what is also needed is a significant investment in developing manpower. This means either finding more volunteers or reintroducing conscription, which is now no longer a taboo in Germany.

    Sending a whole new brigade to Lithuania, in its first international deployment since the second world war, is an important signal to Nato allies about Germany’s commitment to the alliance. It is also a clear signal to Russia that Germany finally is putting its money where its mouth is when it comes to containing the threat from Russia. It’s a threat which has grown significantly since the beginning of the Kremlin’s full-scale Russian invasion of Ukraine in February 2022.

    The three years of Russia’s war against its neighbour have also highlighted the threat that Russia poses beyond Ukraine’s borders. The war against Ukraine has exposed European vulnerabilities and its dependence on the US. And it has taught military planners important lessons about what a future confrontation with Russia might look like. This is why Germany’s military planners have identified air defence systems, precision strike capabilities, drones, and electronic and cyber warfare assets as procurement priorities.

    Beyond Germany, the signs have have been that Europe more broadly is beginning to learn to stand on its own feet when it comes to its security. For the continent, the challenge is threefold. It needs to beef up its defence spending in light of the ongoing war against Ukraine and Russian threats to expand it further. Europe also needs to come to terms with the dismantling of the transatlantic alliance by Trump. And, finally, there is a populist surge that threatens the very foundations of European democracy and risks undermining efforts to stand up to both Trump and Putin. This has been given extra fuel by the alignment of Trump’s “America-first” Maga movement with Putin’s Russia.

    Major challenges ahead

    These are enduring challenges with no quick fixes. The first test of this apparent new-found European mettle will be the war in Ukraine. Giving Ukraine permission to use long-range missiles against targets in Russia is not a new development. Such a move was first taken by the then US president, Joe Biden, in November 2024 when he authorised Ukraine to launch limited strikes into Russia using US-made long-range missiles, followed by similar authorisations from London and Paris at the time, but not Berlin.

    Now, as then, how effective this will be depends not only on how many actual missiles Ukraine has but also on whether US intelligence sharing will continue. This is crucial for targeting. What’s more, effectiveness will also be difficult to measure. In a best-case scenario, Ukraine will now be able to stave off Russia’s reportedly impending summer offensive.

    The Kremlin has already indicated its displeasure and ratcheted up its nuclear sabre rattling.

    Trump, meanwhile, remains all talk when it comes to putting any pressure on Russia. By contrast, the Europeans, for once, are much more action orientated, which is another indication of the increasing rift across the Atlantic.

    This does not mean an end to transatlantic relations and pragmatic cooperation, as demonstrated by the meeting between the US secretary of state, Marco Rubio, with his German counterpart, Johann Wadephul, which happened almost simultaneously with Trump’s and Merz’s statements.

    What it does mean, however, is that Europe’s security now entirely depends on whether key players on the continent can muster the will to mobilise the resources required to defend the continent against an aggressive foe to the east. Berlin and other European capitals seem to have recognised at long last that this needs to happen. Now they need to demonstrate that they can follow through with swift and decisive action.

    Stefan Wolff is a past recipient of grant funding from the Natural Environment Research Council of the UK, the United States Institute of Peace, the Economic and Social Research Council of the UK, the British Academy, the NATO Science for Peace Programme, the EU Framework Programmes 6 and 7 and Horizon 2020, as well as the EU’s Jean Monnet Programme. He is a Trustee and Honorary Treasurer of the Political Studies Association of the UK and a Senior Research Fellow at the Foreign Policy Centre in London.

    ref. Germany steps up to replace ‘unreliable’ US as guarantor of European security – https://theconversation.com/germany-steps-up-to-replace-unreliable-us-as-guarantor-of-european-security-257735

    MIL OSI – Global Reports

  • MIL-OSI Video: International Day of Peacekeepers, Middle East & other topics- Daily Press Briefing | United Nations

    Source: United Nations (Video News)

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

    Highlights:
    International Day Of UN Peacekeepers
    Middle East
    Occupied Palestinian Territory
    Unrwa
    Yemen
    Sudan
    Haiti
    Ukraine
    Global Climate Predictions
    Global Employment Growth

    INTERNATIONAL DAY OF UN PEACEKEEPERS
    Jean-Pierre Lacroix, the Under-Secretary-General for Peace Operations, who be the guest on Thursday to brief reporters on the International Day of Peacekeepers.
    As part of that at 2:45pm tomorrow, the Secretary-General will lay a wreath to honour the more than 4,400 United Nations peacekeepers who have given their lives in the line of duty since 1948. He will also preside over a ceremony in the Trusteeship Council, during which the Dag Hammarskjöld Medals will be awarded posthumously to 57 military, police, and civilian peacekeepers, who lost their lives serving under the flag of the United Nations last year.
    At 3 p.m., the Secretary-General will present awards to the 2024 Military Gender Advocate of the Year. That is Squadron Leader Sharon Mwinsote Syme of Ghana and he will also present an award to the UN Woman Police Officer of the Year, and that is Superintendent Zainab Gbla of Sierra Leone.
    Both serve with the peacekeeping mission in Abyei.

    MIDDLE EAST
    Sigrid Kaag, the acting UN Special Coordinator for the Middle East Peace Process, briefed the Security Council this morning, telling Council members that the two-State solution is on life support and reviving it requires decisive action.
    She said the upcoming high-level international conference in June, co-chaired by France and the Kingdom of Saudi Arabia, must not be another rhetorical exercise and instead must launch a concrete path towards ending the occupation and realizing the two-State solution based on international law, UN resolutions and previous agreements.
    Ms. Kaag warned that the entire population of Gaza is facing the risk of famine. As the Secretary-General has said, families are being starved and denied the very basics.
    She added that while Gaza rightly captures the world’s attention, the West Bank is on a dangerous trajectory. Developments are best described as accelerating de facto annexation through settlement expansion, through land seizures, and through settler violence. If not reversed, Ms. Kaag said, these will make the two-State solution physically impossible.
    Ms. Kaag will also be speaking to you after the Council session has ended. We are advised that there will likely not be closed consultations afterwards and we will let you know when she is there.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=28%20May%202025

    https://www.youtube.com/watch?v=VpI-lzCyvrQ

    MIL OSI Video

  • MIL-OSI United Kingdom: UK to deliver pioneering battlefield system and bolster cyber warfare capabilities under Strategic Defence Review

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK to deliver pioneering battlefield system and bolster cyber warfare capabilities under Strategic Defence Review

    Defence Secretary announces new Cyber and Eletromagnetic Command and £1 billion investment in pioneering battlefield system.

    Defence Secretary John Healey personnel at MoD Corsham. MoD Crown Copyright.

    • More than £1 billion to be invested in pioneering ‘Digital Targeting Web’ to spearhead battlefield engagements, applying lessons learnt from Ukraine to the UK Armed Forces. 
    • New Cyber and Electromagnetic Command will oversee cyber operations for Defence as careers pathway accelerated.
    • Innovation delivers on the Government’s Plan for Change by bolstering national security and creating skilled jobs. 

    Pinpointing and eliminating enemy targets will take place faster than ever before, as the Government invests more than £1 billion to equip the UK Armed Forces with a pioneering battlefield system.

    A new Cyber and Electromagnetic Command will also be established to put the UK at the forefront of cyber operations as part of the Strategic Defence Review (SDR). The announcements were made by Defence Secretary, John Healey MP on a visit to MOD Corsham, the UK military’s cyber HQ. 

    The Ministry of Defence will develop a new Digital Targeting Web to better connect Armed Forces weapons systems and allow battlefield decisions for targeting enemy threats to be made and executed faster. 

    This pioneering digital capability will give the UK a decisive advantage through greater integration across domains, new AI and software, and better communication between our Armed Forces. As an example, a threat could be identified by a sensor on a ship or in space before being disabled by an F-35 aircraft, drone, or offensive cyber operation.

    This follows the Prime Minister’s historic commitment to increase defence spending to 2.5% of GDP, recognising the critical importance of military readiness in an era of heightened global uncertainty. 

    Delivering this new Digital Targeting Web is central to UK efforts to learn lessons directly from the front line in Ukraine. When the Ukrainians achieved a step-change in lethality early in the war – by being able to find the enemy, target them and attack quickly and at scale – it allowed them to stop the encircling Russian advance. 

    The Ministry of Defence will establish a Cyber and Electromagnetic Command. It will sit under General Sir James Hockenhull’s Command and follows the MOD having to protect UK military networks against more than 90,000 ‘sub-threshold’ attacks in the last two years. The Command will lead defensive cyber operations and coordinate offensive cyber capabilities with the National Cyber Force. 

    The new Command will also harness all the Armed Forces’ expertise in electromagnetic warfare, helping them to seize and hold the initiative in a high-tempo race for military advantage – for example, through degrading command and control, jamming signals to drones or missiles and intercepting an adversary’s communications. 

    The announcements come as part of the publication of the SDR, expected imminently, which highlights how daily cyber-attacks are threatening the foundations of the economy and daily life. 

    The SDR sets a path for the next decade to transform defence and make the UK secure at home and strong abroad. It ends the hollowing out of our Armed Forces and will also drive innovation, jobs and growth across the country, allowing the UK to lead a stronger NATO. Enhanced cyber defences will help bolster national security and support economic stability – foundations of the Government’s Plan for Change.

    Defence Secretary John Healey MP said: 

    Ways of warfare are rapidly changing – with the UK facing daily cyber-attacks on this new frontline.

    The hard-fought lessons from Putin’s illegal war in Ukraine leave us under no illusions that future conflicts will be won through forces that are better connected, better equipped and innovating faster than their adversaries. 

    We will give our Armed Forces the ability to act at speeds never seen before – connecting ships, aircraft, tanks and operators so they can share vital information instantly and strike further and faster.

    By attracting the best digital talent, and establishing a nerve centre for our cyber capability, we will harness the latest innovations, properly fund Britain’s defences for the modern age and support the government’s Plan for Change.

    The SDR recommends that the MOD should deliver the Digital Targeting Web by 2027.

    In February, the MOD also announced that Armed Forces recruits will be fast-tracked into specialist roles to tackle the growing cyber threat to the UK via a recruitment scheme. 

    The Cyber Direct Entry programme offers an accelerated path into military cyber roles with:

    • Tailored training focused on essential cyberspace operational skills.
    • Placement in operational cyber roles by the end of 2025.
    • Starting salaries over £40,000, with potential for up to £25,000 in additional skills pay.
    • No requirement to serve in dangerous environments or handle weapons.
    • Full military benefits including medical care, sports facilities, adventure training, and professional development.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: President Putin’s words about peace are not aligned with his actions: UK statement to OSCE

    Source: United Kingdom – Government Statements

    Speech

    President Putin’s words about peace are not aligned with his actions: UK statement to OSCE

    Ambassador Holland condemns Russia’s continued attacks against Ukrainian civilians, which are not actions of a government seeking peace, and calls for no effort to be spared in bringing about the release of the three OSCE staff members.

    Thank you, Mister Chair. In recent days, Russia has intensified attacks on civilian infrastructure in Ukraine. On Friday night, Russia struck apartment buildings and other targets in Kyiv, in one of the largest attacks since the start of its illegal invasion. Only 24 hours later, Kyiv was struck again in an even larger strike. Across Ukraine, 12 civilians were killed on Saturday night, including three siblings in Zhytomyr, aged 8, 12 and 17. More innocent lives denied by Russia’s senseless war.

    President Putin’s claim that he is ready for peace is not borne out by his actions. In the more than two months since Ukraine agreed, in-principle, to the US proposal for a full, unconditional 30-day ceasefire, President Putin has continued to dither and delay. He announced two unilateral, three-day ‘pauses’ during which his armed forces continued to target Ukrainian cities. And he ignored the opportunity for substantive talks in Istanbul, instead sending a delegation with no real mandate to negotiate.

    In contrast, President Zelenskyy demonstrated real leadership by expressing readiness to engage at the leaders’ level, even as President Putin refused a ceasefire that would create the space for talks.

    The Russian State has shown time and time again that its actions are not those of a government seeking peace. And while we welcome the recent prisoner swaps, Russia’s failure to agree to an immediate and unconditional ceasefire – as Ukraine has done – is holding up further humanitarian outcomes, including the return of Ukrainian children it has forcibly displaced. These outcomes are critical to achieving a peace that is just and lasting.

    Mr Chair, it is not ‘anti-Russian’ to call for an end to the devastation and loss of life in Ukraine. Doing so is to stand up for the principles set out in the Helsinki Final Act, and to adhere to international law, including the UN Charter. Delaying peace efforts will only redouble our resolve to help Ukraine in its defence. And we will continue working with our partners to ratchet up pressure on President Putin to end his war.

    Mister Chair, it is with great regret that I must again raise the cases of Vadym Golda, Maxim Petrov, and Dmytro Shabanov. All three were members of the Special Monitoring Mission in Ukraine. They have been unlawfully deprived of their liberty for more than three years by the Russian Federation and its proxies in Ukraine. Their continued detention is a grave injustice and a flagrant violation of international law and the Helsinki Final Act.

    These individuals were carrying out a mission mandated by every participating State in this room – including Russia. The UK urges all parties to leave no stone unturned in securing their immediate release. Our thoughts remain with them and their families.

    Thank you, Mister Chair.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai meets US delegation led by Senator Tammy Duckworth

    Source: Republic of China Taiwan

    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman”>Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

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

    MIL OSI Asia Pacific News

  • Trump again criticizes Putin as Ukraine war heats up

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump again expressed frustration on Wednesday with Russian President Vladimir Putin over the intensifying Ukraine conflict, a day after warning that Putin was “playing with fire” by resisting ceasefire talks while escalating drone and missile attack s.

    But Trump also told reporters in the Oval Office that he was not yet prepared to impose new sanctions on Russia because he did not want the penalties to scuttle a potential peace deal.

    Russia has proposed holding the next round of direct talks with Ukraine on June 2 in Istanbul, Russian Foreign Minister Sergei Lavrov said on Wednesday. There was no immediate response from Kyiv.

    The public squabble between the U.S. and Russia unfolded as the three-year-old war heats up, with swarms of drones launched by both Russia and Ukraine and Russian troops advancing at key points along the front.

    Delegates from Russia and Ukraine met earlier this month in Istanbul under pressure from Trump to end the bloodiest conflict in Europe since World War Two, but the talks failed to yield the ceasefire that Kyiv and its Western allies have pushed for. Moscow said certain conditions needed to be met before a ceasefire agreement.

    Asked whether the Russian leader might be intentionally delaying negotiations, Trump said, “We’re going to find out whether or not he’s tapping us along or not, and if he is, we’ll respond a little differently.”

    After speaking to Trump on May 19, Putin said he had agreed to work with Ukraine on a memorandum which would set out the contours of a peace accord including the timing of a ceasefire.

    Ukraine has not yet officially agreed to Russia’s proposed meeting on June 2. Defence Minister Rustem Umerov said on Wednesday that Kyiv had already submitted its memorandum on a potential settlement and called on Russia to produce its version immediately, rather than waiting until next week.

    “We are not opposed to further meetings with the Russians and are awaiting their ‘memorandum’, so that the meeting won’t be empty and can truly move us closer to ending the war,” Umerov said.

    The Russian Foreign Ministry said Lavrov spoke to U.S. Secretary of State Marco Rubio on Wednesday about Moscow’s preparation of “concrete proposals” for upcoming talks in Istanbul but gave no details.

    Putin’s demands for ending the war include a written pledge from Western leaders that NATO will not expand eastward to former Soviet republics such as Ukraine and Georgia and the lifting of some sanctions on Russia, according to Russian sources with knowledge of the negotiations.

    In a post on Truth Social on Tuesday, Trump had warned Putin that he was “playing with fire” and that “really bad” things would have happened to Russia already if not for Trump himself.

    Putin’s foreign policy aide, Yuri Ushakov, told a state TV reporter that Trump’s remark suggested he is not well-briefed on the realities of the war.

    WAR HEATING UP

    Russia said on Wednesday it had downed 296 Ukrainian drones over 13 regions overnight, while Ukraine’s military said it had struck several Russian weapon production sites.

    Ukraine said Russia had launched 88 drones and five ballistic missiles.

    After Russia said in late April it had ejected Ukrainian forces from the western Kursk region, Moscow’s forces have pushed over the border into the neighbouring Sumy region of northeastern Ukraine and taken several villages there.

    Ukrainian President Volodymyr Zelenskiy said that Russia has gathered 50,000 troops near the northern Sumy region, but added that Kyiv had taken steps to prevent Moscow from conducting a large-scale offensive there.

    Speaking in Berlin during a visit by Zelenskiy, German Chancellor Friedrich Merz said that Germany and Ukraine will develop the joint production of long-range missiles, a move the Kremlin said was irresponsible and amounted to stoking the war.

    Russian Defence Minister Andrei Belousov said that the U.S.-led NATO military alliance was using the Ukrainian crisis to build up its presence across eastern Europe and the Baltic but that Russia was advancing along the entire front in Ukraine.

    Putin ordered tens of thousands of troops to invade Ukraine in February 2022 after eight years of fighting in eastern Ukraine between Russian-backed separatists and Ukrainian troops.

    Russia currently controls just under one fifth of Ukraine. Though Russian advances have accelerated over the past year, the war is costing both Russia and Ukraine dearly in terms of casualties and military spending.

    (Reuters)

  • US judge blocks Trump from suspending Biden-era migrant ‘parole’ programs

    Source: Government of India

    Source: Government of India (4)

    A U.S. federal judge on Wednesday ordered President Donald Trump’s administration to resume processing applications from migrants seeking work permits or more lasting immigration status who are living in the country temporarily under “parole” programs.

    The ruling by District Judge Indira Talwani in Boston will provide relief to thousands of migrants from Afghanistan, Latin America, and Ukraine who were granted a two-year “parole” to live in the country under programs established by Democratic former President Joe Biden’s administration.

    The same judge had previously blocked the Trump administration from revoking the parole status of hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans. The administration has asked the U.S. Supreme Court to pause her decision.

    Talwani, an appointee of Democratic former President Barack Obama, rejected the Trump administration’s claim that suspending the parole programs was within its broad discretion to direct immigration policy.

    Federal law still requires agencies under the U.S. Department of Homeland Security to follow a lengthy process for granting or denying parole and other immigration relief, she wrote in siding with migrants pursuing a class action lawsuit.

    “We are pleased that the court has again rightly recognized the harm the government’s arbitrary decision-making has inflicted on innocent people,” Anwen Hughes, a lawyer for the plaintiffs at Human Rights First, said in a statement.

    The Homeland Security Department did not respond to requests for comment.

    The ruling came on the same day as a U.S. trade court decision to block Trump’s tariffs from going into effect, delivering simultaneous blows to two of the president’s core agendas around trade and immigration.

    The decision came in a lawsuit challenging a pause on the processing of applications from Ukrainian, Afghan, Cuban, Haitian, Nicaraguan, and Venezuelan migrants either seeking to be granted entry through the parole process or who have already been granted that status and are seeking to stay.

    Talwani’s decision focused on policies adopted after Trump on his first day back in office on January 20 signed an executive order directing it to end the Biden-era parole program.

    In a memo that day, Acting Homeland Security Secretary Benjamine Huffman directed agencies under his purview to pause, modify or terminate any categorical parole programs, which he asserted were not authorized by law as parole could only be granted on a case-by-case basis.

    DHS officials subsequently stopped processing new parole applications and in mid-February barred staff from considering requests from migrants from Ukraine and Latin America who had already been granted parole to pursue other forms of immigration status, such as asylum or temporary protected status.

    (Reuters)

  • MIL-OSI Russia: Ukraine expects “memorandum” from Russia by June 2 – Defense Minister

    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

    KYIV, May 29 /Xinhua/ — Ukraine expects to receive a “memorandum” from Russia with a vision of their steps to cease fire before the bilateral meeting announced for June 2, Ukrainian Defense Minister Rustem Umerov said on Facebook on Wednesday.

    “We are not against meetings with the Russians and are waiting for their “memorandum” so that the meeting is not empty and really brings us closer to ending the war. The Russian side has at least four more days before departure to hand us their document for processing,” wrote R. Umerov, who heads the Ukrainian delegation at the talks with Russia.

    The minister also reported that he had already handed over a document reflecting the Ukrainian position to the head of the Russian delegation, Vladimir Medinsky.

    Delegations from Ukraine and Russia held talks in Istanbul on May 16, marking the first meeting between representatives of the two countries since March 2022.

    Earlier on Wednesday, Russian Foreign Minister Sergei Lavrov said Russia was ready to provide Ukrainian negotiators with its memorandum on the terms of the conflict settlement during direct talks on June 2 in Istanbul. –0–

    MIL OSI Russia News

  • MIL-OSI China: Ukraine expects peace ‘memorandum’ from Russia by June 2

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

    Ukrainian Defense Minister Rustem Umerov said Wednesday that his country expects to receive a peace “memorandum” from Russia by the announced meeting on June 2.

    “We are not opposed to further meetings with the Russians and are awaiting their memorandum, so that the meeting won’t be empty and can truly move us closer to ending the war,” Umerov, who is the head of the Ukrainian delegation to the talks with Russia, wrote in a post on Facebook.

    “The Russian side has at least four more days before their departure to provide us with their document for review,” he said.

    Umerov noted that he has already handed over the document which reflects the Ukrainian position to the head of the Russian delegation Vladimir Medinsky.

    Ukrainian and Russian delegations held negotiations in Türkiye’s Istanbul on May 16, which marked the first direct talks between the countries since March 2022.

    Earlier on Wednesday, Russian Foreign Minister Sergei Lavrov announced that the second round of negotiations will be held in Istanbul on June 2, the Interfax-Ukraine news agency reported.

    MIL OSI China News

  • MIL-OSI China: Merz unveils plan to support Ukraine in developing weapons

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

    German Chancellor Friedrich Merz on Wednesday unveiled a new plan to support Ukraine in developing long-range weapons at a joint press conference with visiting Ukrainian President Volodymyr Zelensky in Berlin.

    The two countries’ defense ministers are expected to sign a letter of intent later on Wednesday, under which Germany will finance Ukrainian-produced long-range weapon systems, according to Merz and the German Defense Ministry.

    Zelensky said the plan involves financing weapon production initiatives in Ukraine.

    At the press conference, Merz reaffirmed that there will be no range restrictions. On Monday, Merz announced that Germany and its allies have lifted restrictions on the range of weapons supplied to Ukraine.

    Kremlin Spokesman Dmitry Peskov said on Monday that the decision of several European countries to remove range restrictions on missiles supplied to Kiev is “dangerous.”

    Peskov said that if such decisions were actually made, “they absolutely run counter to our aspirations to reach a political settlement and the efforts currently being made within the framework of the settlement.”

    MIL OSI China News

  • MIL-OSI Global: Vladimir Putin’s bombing of Ukrainian civilians won’t end the war any faster. So, why is he doing it?

    Source: The Conversation – Global Perspectives – By Mark Edele, Hansen Professor in History and Deputy Dean, The University of Melbourne

    United States President Donald Trump was “not happy” with his Russian counterpart, Vladimir Putin, this week.

    For three consecutive nights, from Friday to Sunday, Russia launched about 900 drones and scores of missiles at Ukraine. At least 18 people were killed, including three children.

    “We’re in the middle of talking and he’s shooting rockets into Kyiv and other cities,” Trump told reporters on Sunday, after Putin ordered the largest air assault on Ukraine’s civilians in its three-year war.

    Following up on his remarks, Trump posted on social media that Putin had “gone absolutely CRAZY!”

    Putin is not crazy. He is a tactician with a long-term goal: to make Russia a great power again and secure his place in the history books as the re-builder of Russia’s imperial might.

    Trump announced after a phone call with Putin on May 19 that Russia and Ukraine would “immediately start negotiations” towards a ceasefire.

    With his latest air campaign on Ukraine, however, Putin is threatening to destroy the goodwill he’s built up in Washington, where Trump has been consistently soft on Russia and tough on his allies.

    So, what is Putin’s strategy? Why is he launching these massive air bombardments on Ukrainian civilians now?

    Putin sees weakness in the West

    One theory is these attacks are somehow preparations for a major offensive. That makes little sense.

    Attacking military facilities, weapons depots or even frontline troops are useful preparations for an impending attack. Indiscriminate bombing of civilians, meanwhile, is a sign of either desperation or impatience.

    Britain and the US bombed German cities during the second world war because they had no alternatives until they built up enough capacity to transport land forces across the sea to invade the continent.

    The US also sent bombers to Japan in the final stages of the war because the American public became tired of seeing their sons, husbands, brothers and fathers die on Pacific islands they had never heard of. The war had dragged on forever by this point, and there seemed no end in sight.

    Is Putin desperate or impatient? Likely the latter.

    From the perspective of the Kremlin, Russia’s strategic situation is as good as it has been for years.

    The US is trying to destroy itself through trade wars and boorish diplomacy. Trump clearly dislikes Ukrainian President Volodymyr Zelensky and hopes the war will somehow end if he just demands it.

    Europe is continuing to back Ukraine. However, for the time being, it still needs US support because its entire security structure is built around NATO and US strength, both economic and military.

    What Putin sees when he surveys the international scene is weakness. In his thinking, such weakness needs to be exploited – now is the time to hurt Ukraine as much as possible, and hope it will crack. Analysts call this a “cognitive warfare effort”.

    Indiscriminate air war on civilians is the only means Putin currently has to pressure Ukraine. His army has been advancing, but painfully slowly. There is no breakthrough in sight, even once the spring muds dry and the summer fighting season starts in earnest.

    Russia has gradually advanced in Ukraine throughout 2024, but with no perceivable change in the overall situation. Putin does not command precision weapons or super spies, which he could use to take out Ukraine’s leadership.

    All he can do is rain death on women, children and the elderly from relatively cheap, unsophisticated weapons, such as drones. He now has these in large supply, thanks to ramping up military production at home.

    Bombing campaigns do not end wars

    A strategic air war on civilians seldom works, however.

    Japan’s surrender in 1945 is an exception, but it is misleading in many ways. The Americans had flattened Japan’s cities for a while already, just not using their new atomic weapons. Japan had already lost the war and the real question was if there would be a bloody US invasion or surrender.

    And as the US dropped its two nuclear bombs in August of that year, the Red Army joined the fight, racing across Manchuria to help occupy Japanese territories.

    In Germany, the British-American bombings from 1942 onwards certainly had an effect on war production, as they killed workers and destroyed factories. But they did not incapacitate the German army and certainly did not break morale.

    Instead, the bombings led to embitterment and a closing of ranks around the regime. German society fought to the last moment. It did so not just despite, but because of the air war. The German army was eventually defeated by the ground troops of the Red Army, who took Berlin in an incredibly bloody fight.

    Other historical failures are even more spectacular. The US air force dropped 864,000 tons of bombs on North Vietnam during an air campaign of more than 300,000 sorties lasting from 1965 to late 1968. The North Vietnamese lost maybe 29,000 people (dead and wounded), more than half of them civilians. The Americans and their South Vietnamese allies still lost the war.

    Putin’s air war will likely follow the historical pattern: it has further embittered the Ukrainians, who know very well that what comes from the east is not liberation.

    Another summer of fighting lies ahead. Ukraine’s friends in the democratic world need to urgently redouble their efforts to support Ukraine. The misguided hopes that Putin would somehow “make a deal” lie under the rubble his drones leave behind in Ukraine’s cities.

    Mark Edele receives funding from the Australian Research Council.

    ref. Vladimir Putin’s bombing of Ukrainian civilians won’t end the war any faster. So, why is he doing it? – https://theconversation.com/vladimir-putins-bombing-of-ukrainian-civilians-wont-end-the-war-any-faster-so-why-is-he-doing-it-257630

    MIL OSI – Global Reports

  • MIL-OSI USA: As Putin Flouts Peace Talks & Targets Ukrainian Civilians, Reed Urges Trump to Impose Tough Sanctions on Russia

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    VIDEO: Sen. Reed delivers remarks on latest in Ukraine
    CRANSTON, RI – As Russia steps up its targeting of Ukraine, with nearly 400 Russian drones and missiles fired at Ukrainian cities over the past few days, Russian President Vladimir Putin continues to demonstrate his commitment to the illegal invasion of Ukraine and contempt for President Trump’s negotiating efforts.  In the wake of Russia’s increasing attacks, Germany became the latest Ukrainian ally to lift all range restrictions on weapons it sends to Ukraine to combat Moscow’s offensive.
    U.S. Senator Jack Reed, the Ranking Member of the Senate Armed Services Committee, believes now is the time for President Trump to throw his support behind tough, targeted sanctions against the Putin regime.  Senator Reed says that if President Trump refuses to act, the U.S. Senate must quickly pass a comprehensive sanctions package with a veto-proof majority.
    “The Trump Administration must recognize that the only thing Vladimir Putin responds to is strength. To demonstrate our strength, the U.S. must join our allies in levying new sanctions on Russia to intensify the economic pressure.  The European Union has recently approved a new package of sanctions targeting covert Russian oil exports, and has announced that work is underway for another set of even tougher sanctions,” said Senator Reed.
    “The President claims to understand pressure and leverage in tough negotiations.  But none of that has been evident in his dealings with Putin.  He has refused to pressure Russia and has been unwilling to bolster Ukraine with adequate military assistance to gain leverage,” Reed continued.  “Since the Administration has so far failed to take tough actions to pressure Russia to stop its brutal and illegal war of choice, the U.S. Senate must take up and quickly pass a comprehensive sanctions package against Russia.  These bipartisan sanctions on Russia are overdue, should be swiftly enacted to counter Putin, and failure to do so will only embolden bad actors.”
    Senator Reed is an original cosponsor of the Sanctioning Russia Act of 2025 (S. 1241), which has 81 cosponsors – 40 Democrats, 40 Republicans, and 1 Independent.  The measure includes a 500 percent tariff on imports from nations that purchase Russian oil, petroleum products, natural gas or uranium.  The lead sponsor of the bill, U.S. Senator Lindsey Graham (R-SC), wrote in the Wall Street Journal demanding change in Trump’s negotiating strategy and noting that the U.S. Senate is “prepared” to do what the president has not: impose severe sanctions on Moscow.
    The bipartisan sanctions calls are coming from the U.S. Senate as President Trump himself is questioning Putin’s motives, writing over the weekend: “I’ve always had a very good relationship with Vladimir Putin of Russia, but something has happened to him. He has gone absolutely CRAZY!” Trump wrote on Truth Social. “He is needlessly killing a lot of people, and I’m not just talking about soldiers. Missiles and drones are being shot into Cities in Ukraine, for no reason whatsoever.”
    “I’ve always said that he wants ALL of Ukraine, not just a piece of it, and maybe that’s proving to be right, but if he does, it will lead to the downfall of Russia!” Trump added.
    The Kremlin responded to Trump’s criticism by blaming it on “emotional overload” followed by an escalation of military strikes on Ukraine.  And Russian State Media site RT mocked Trump’s social media posts in a post of their own on X, writing:
    ‘Putin doesn’t realize… he’s playing with fire!’ — Trump’s message leaves little room for misinterpretation
    Until he posts the opposite tomorrow morning
    Senator Reed urged the Trump Administration to spend less time on social media and get to work on submitting a budget request that includes robust support for Ukraine. Failing to do so would harm U.S. national security and economic interests and benefit Russia.  
    “The Ukrainian people continue to bravely hold the line against Russian forces, which are supplemented by North Korean troops, equipped by Iran, and supported economically by China. The Ukrainians need arms and supplies to continue to protect their country.  Instead, the Trump Administration has choked off U.S. military aid and has failed to request any additional support. This must be reversed immediately,” said Senator Reed.  “I will continue to do everything in my power to support Ukraine, as their fight is our fight. I urge my Senate colleagues and the President to join me.”
    -end-

    MIL OSI USA News

  • MIL-OSI: HP Inc. Reports Fiscal 2025 Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., May 28, 2025 (GLOBE NEWSWIRE) — HP (NYSE: HPQ)

    • Second quarter GAAP diluted net earnings per share (“EPS”) of $0.42, down 31% from the prior year period
    • Second quarter non-GAAP diluted net EPS of $0.71, down 13% from the prior year period
    • Second quarter net revenue of $13.2 billion, up 3.3% from the prior-year period
    • Second quarter net cash provided by operating activities of $38 million, free cash flow of $(95) million
    • Second quarter returned $0.4 billion to shareholders in the form of dividend and share repurchases
    HP Inc.’s fiscal 2025 second quarter financial performance
        Q2 FY25   Q2 FY24   Y/Y
    GAAP net revenue ($B)   $ 13.2     $ 12.8     3.3 %
    GAAP operating margin     4.9 %     7.4 %   (2.5 )pts
    GAAP net earnings ($B)   $ 0.4     $ 0.6     (33 )%
    GAAP diluted net EPS   $ 0.42     $ 0.61     (31 )%
    Non-GAAP operating margin     7.3 %     8.8 %   (1.5 )pts
    Non-GAAP net earnings ($B)   $ 0.7     $ 0.8     (17 )%
    Non-GAAP diluted net EPS   $ 0.71     $ 0.82     (13 )%
    Net cash provided by operating activities ($B)   $ 0.0     $ 0.6     (94 )%
    Free cash flow ($B)   $ (0.1 )   $ 0.5     (120 )% 
     
    Notes to table
    Information about HP Inc.’s use of non-GAAP financial information is provided under “Use of non-GAAP financial information” below.
     

    Net revenue and EPS results
    HP Inc. and its subsidiaries (“HP”) announced fiscal 2025 second quarter net revenue of $13.2 billion, up 3.3% (up 4.5% in constant currency) from the prior-year period.

    “In Q2, we delivered solid revenue growth, led by strong Commercial performance in Personal Systems and continued momentum behind our future of work strategy,” said Enrique Lores, President and CEO, HP Inc. “While results in the quarter were impacted by a dynamic regulatory environment, we responded quickly to accelerate the expansion of our manufacturing footprint and further reduce our cost structure. These decisive actions strengthen our foundation and position us to deliver long-term sustainable growth.”

    “In light of the increased macroeconomic uncertainty, we have adjusted our outlook to reflect moderated demand and the net impact of trade-related costs,” said Karen Parkhill, CFO, HP Inc. “We are executing targeted mitigation strategies, and assuming current conditions remain, we expect to fully offset these costs by Q4.”

    Second quarter GAAP diluted net EPS was $0.42, down from $0.61 in the prior-year period and below the previously provided outlook of $0.62 to $0.72. Second quarter non-GAAP diluted net EPS was $0.71, down from $0.82 in the prior-year period and below the previously provided outlook of $0.75 to $0.85. Second quarter non-GAAP net earnings and non-GAAP diluted net EPS excludes after-tax adjustments of $272 million, or $0.29 per diluted share, related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, certain litigation charges, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items.

    Asset management
    HP’s net cash provided by operating activities in the second quarter of fiscal 2025 was $38 million. Accounts receivable ended the quarter at $4.3 billion, up 2 days quarter over quarter to 30 days. Inventory ended the quarter at $8.2 billion, down 2 days quarter over quarter to 70 days. Accounts payable ended the quarter at $15.2 billion, down 9 days quarter over quarter to 130 days.

    HP generated $(95) million of free cash flow in the second quarter. Free cash flow includes net cash provided by operating activities of $38 million adjusted for net investments in leases from integrated financing of $50 million and net investments in property, plant, equipment and purchased intangible of $183 million.

    HP’s dividend payment of $0.2894 per share in the second quarter resulted in cash usage of $273 million. HP also utilized $100 million of cash during the quarter to repurchase approximately 3.0 million shares of common stock in the open market. HP exited the quarter with $2.7 billion in gross cash, which includes cash and cash equivalents of $2.7 billion, restricted cash of $33 million and short-term investments of $3 million included in other current assets. Restricted cash is related to amounts collected and held on behalf of a third party for trade receivables previously sold.

    Fiscal 2025 second quarter segment results

    • Personal Systems net revenue was $9.0 billion, up 7% year over year (up 8% in constant currency) with a 4.5% operating margin. Consumer PS net revenue was up 2% and Commercial PS net revenue was up 9%. Total units were up 6% with Consumer PS units down 2% and Commercial PS units up 11%.
    • Printing net revenue was $4.2 billion, down 4% year over year (down 3% in constant currency) with a 19.5% operating margin. Consumer Printing net revenue was down 3% and Commercial Printing net revenue was down 3%. Supplies net revenue was down 5% (down 3% in constant currency). Total hardware units were up 1%, with Consumer Printing units up 3% and Commercial Printing units down 2%.

    Outlook
    For the fiscal 2025 third quarter, HP estimates GAAP diluted net EPS to be in the range of $0.57 to $0.69 and non-GAAP diluted net EPS to be in the range of $0.68 to $0.80. Fiscal 2025 third quarter non-GAAP diluted net EPS estimates exclude $0.11 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, certain litigation impacts, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items.

    For fiscal 2025, HP estimates GAAP diluted net EPS to be in the range of $2.32 to $2.62 and non-GAAP diluted net EPS to be in the range of $3.00 to $3.30. Fiscal 2025 non-GAAP diluted net EPS estimates exclude $0.68 per diluted share, primarily related to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, certain litigation impacts, non-operating retirement-related credits, tax adjustments, and the related tax impact on these items. For fiscal 2025, HP anticipates generating free cash flow in the range of $2.6 to $3.0 billion.  HP’s outlook reflects the added cost driven by the current U.S. tariffs in place, and associated mitigations.

    More information on HP’s earnings, including additional financial analysis and an earnings overview presentation, is available on HP’s Investor Relations website at investor.hp.com.

    HP’s FY25 Q2 earnings conference call is accessible via audio webcast at www.hp.com/investor/2025Q2Webcast.

    About HP Inc.
    HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.

    Use of non-GAAP financial information
    To supplement HP’s consolidated condensed financial statements presented on a generally accepted accounting principles (“GAAP”) basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) financial measures. HP also provides forecasts of non-GAAP diluted net EPS and free cash flow. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below or elsewhere in the materials accompanying this news release. In addition, an explanation of the ways in which HP’s management uses these non-GAAP measures to evaluate its business, the substance behind HP’s decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which HP’s management compensates for those limitations, and the substantive reasons why HP’s management believes that these non-GAAP measures provide useful information to investors is included under “Use of non-GAAP financial measures” after the tables below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for net revenue, operating expense, operating profit, operating margin, other income and expenses, tax rate, net earnings, diluted net EPS, cash provided by operating activities or cash, cash equivalents, and restricted cash prepared in accordance with GAAP.

    Forward-looking statements
    This document contains forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. If the risks or uncertainties ever materialize or the assumptions prove incorrect, they could affect the business and results of operations of HP Inc. and its consolidated subsidiaries which may differ materially from those expressed or implied by such forward-looking statements and assumptions.

    All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred taxes, share repurchases, foreign currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges, planned structural cost reductions and productivity initiatives; any statements of the plans, strategies and objectives of management for future operations, including, but not limited to, our business model and transformation, our sustainability goals, our go-to-market strategy, the execution of restructuring plans and any resulting cost savings (including the fiscal 2023 plan), net revenue or profitability improvements or other financial impacts; any statements concerning the expected development, demand, performance, market share or competitive performance relating to products or services; any statements concerning potential supply constraints, component shortages, manufacturing disruptions or logistics challenges; any statements regarding current or future macroeconomic trends or events, including global trade policies, and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims, disputes or other litigation matters; any statements of expectation or belief as to the timing and expected benefits of acquisitions and other business combination and investment transactions; and any statements of assumptions underlying any of the foregoing. Forward-looking statements can also generally be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” and similar terms.

    Risks, uncertainties and assumptions that could affect our business and results of operations include factors relating to HP’s ability to execute on its strategic plans, including the previously announced initiatives, business model changes and transformation; the development and transition of new products and services and the enhancement of existing products and services to meet evolving customer needs and respond to emerging technological trends, including artificial intelligence; the use of artificial intelligence; the impact of macroeconomic and geopolitical trends, changes and events, including global trade policies, the ongoing military conflict in Ukraine, continued instability in the Middle East or tensions in the Taiwan Strait and South China Sea and the regional and global ramifications of these events; volatility in global capital markets and foreign currency, increases in benchmark interest rates, the effects of inflation and instability of financial institutions; risks associated with HP’s international operations and the effects of business disruption events, including those resulting from climate change; the need to manage (and reliance on) third-party suppliers, including with respect to supply constraints and component shortages, and the need to manage HP’s global, multi-tier distribution network and potential misuse of pricing programs by HP’s channel partners, adapt to new or changing marketplaces and effectively deliver HP’s services; the execution and performance of contracts by HP and its suppliers, customers, clients and partners, including logistical challenges with respect to such execution and performance; the competitive pressures faced by HP’s businesses; the impact of third-party claims of IP infringement; successfully innovating, developing and executing HP’s go-to-market strategy, including online, omnichannel and contractual sales, in an evolving distribution, reseller and customer landscape; successfully competing and maintaining the value proposition of HP’s products, including supplies and services; challenges to HP’s ability to accurately forecast inventories, demand and pricing, which may be due to HP’s multi-tiered channel, sales of HP’s products to unauthorized resellers or unauthorized resale of HP’s products or our uneven sales cycle; the hiring and retention of key employees; the results of our restructuring plans (including the fiscal 2023 plan), including estimates and assumptions related to the cost (including any possible disruption of HP’s business) and the anticipated benefits of our restructuring plans; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; disruptions in operations from system security risks, data protection breaches, or cyberattacks; HP’s ability to maintain its credit rating, satisfy its debt obligations and complete any contemplated share repurchases, other capital return programs or other strategic transactions; changes in estimates and assumptions HP makes in connection with the preparation of its financial statements; the impact of changes to federal, state, local and foreign laws and regulations, including environmental regulations and tax laws; integration and other risks associated with business combination and investment transactions; our aspirations related to environmental, social and governance matters; potential impacts, liabilities and costs from pending or potential investigations, claims and disputes; the effectiveness of our internal control over financial reporting; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and HP’s other filings with the Securities and Exchange Commission (“SEC”). HP’s fiscal 2023 plan includes HP’s efforts to take advantage of future growth opportunities, including but not limited to, investments to drive growth, investments in our people, improving product mix, driving structural cost savings and other productivity measures. Structural cost savings represent gross reductions in costs driven by operational efficiency, digital transformation, and portfolio optimization. These initiatives include but are not limited to workforce reductions, platform simplification, programs consolidation and productivity measures undertaken by HP, which HP expects to be sustainable in the longer-term. These structural cost savings are net of any new recurring costs resulting from these initiatives and exclude one-time investments to generate such savings. HP’s expectations on the longer-term sustainability of such structural cost savings are based on its current business operations and market dynamics and could be significantly impacted by various factors, including but not limited to HP’s evolving business models, future investment decisions, market environment and technology landscape.

    As in prior periods, the financial information set forth in this document, including any tax-related items, reflects estimates based on information available at this time. While HP believes these estimates to be reasonable, these amounts could differ materially from reported amounts in HP’s Annual Report on Form 10-K for the fiscal year ending October 31, 2025, Quarterly Report on Form 10-Q for the fiscal quarter ending July 31, 2025, and HP’s other filings with the SEC. The forward-looking statements in this document are made as of the date of this document and HP assumes no obligation and does not intend to update these forward-looking statements.

    HP’s Investor Relations website at investor.hp.com contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated, and new information is posted. The content of HP’s website is not incorporated by reference into this document or in any other report or document HP files with the SEC, and any references to HP’s website are intended to be inactive textual references only.

     
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
    (Unaudited)
    (In millions, except per share amounts)
     
        Three months ended
        April 30, 2025   January 31, 2025   April 30, 2024
    Net revenue:            
    Products   $ 12,423     $ 12,695     $ 12,043  
    Services     797       809       757  
    Total net revenue     13,220       13,504       12,800  
    Cost of net revenue:            
    Products     10,007       10,194       9,324  
    Services     474       470       453  
    Total cost of net revenue     10,481       10,664       9,777  
    Gross profit     2,739       2,840       3,023  
    Research and development     401       397       436  
    Selling, general and administrative     1,480       1,459       1,462  
    Restructuring and other charges     122       70       71  
    Acquisition and divestiture charges     17       6       22  
    Amortization of intangible assets     65       63       80  
    Total operating expenses     2,085       1,995       2,071  
    Earnings from operations     654       845       952  
    Interest and other, net     (148 )     (141 )     (155 )
    Earnings before taxes     506       704       797  
    Provision for taxes     (100 )     (139 )     (190 )
    Net earnings   $ 406     $ 565     $ 607  
                 
    Net earnings per share:            
    Basic   $ 0.43     $ 0.60     $ 0.62  
    Diluted   $ 0.42     $ 0.59     $ 0.61  
                 
    Cash dividends declared per share   $     $ 0.58     $  
                 
    Weighted-average shares used to compute net earnings per share:            
    Basic     950       948       984  
    Diluted     956       957       990  
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
    (Unaudited)
    (In millions, except per share amounts)
     
        Six months ended
        April 30, 2025   April 30, 2024
    Net revenue:        
    Products   $ 25,118     $ 24,462  
    Services     1,606       1,523  
    Total net revenue     26,724       25,985  
    Cost of net revenue:        
    Products     20,201       19,195  
    Services     944       879  
    Total cost of net revenue     21,145       20,074  
    Gross profit     5,579       5,911  
    Research and development     798       835  
    Selling, general and administrative     2,939       2,845  
    Restructuring and other charges     192       134  
    Acquisition and divestiture charges     23       49  
    Amortization of intangible assets     128       161  
    Total operating expenses     4,080       4,024  
    Earnings from operations     1,499       1,887  
    Interest and other, net     (289 )     (297 )
    Earnings before taxes     1,210       1,590  
    Provision for taxes     (239 )     (361 )
    Net earnings   $ 971     $ 1,229  
             
    Net earnings per share:        
    Basic   $ 1.02     $ 1.24  
    Diluted   $ 1.02     $ 1.23  
             
    Cash dividends declared per share   $ 0.58     $ 0.55  
             
    Weighted-average shares used to compute net earnings per share:        
    Basic     949       990  
    Diluted     956       996  
    HP INC. AND SUBSIDIARIES
    ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
    OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
     
        Three months ended
        April 30, 2025   January 31, 2025   April 30, 2024
        Amounts   Diluted
    net earnings
    per share
      Amounts   Diluted
    net earnings
    per share
      Amounts   Diluted
    net earnings
    per share
    GAAP net earnings   $ 406     $ 0.42     $ 565     $ 0.59     $ 607     $ 0.61  
    Non-GAAP adjustments:                        
    Restructuring and other charges     122       0.13       70       0.07       71       0.07  
    Acquisition and divestiture charges     17       0.01       6       0.01       22       0.02  
    Amortization of intangible assets     65       0.07       63       0.07       80       0.08  
    Certain litigation charges(a)     103       0.11                          
    Non-operating retirement-related credits     (6 )     (0.01 )     (5 )     (0.01 )     (3 )      
    Tax adjustments(b)     (29 )     (0.02 )     5       0.01       35       0.04  
    Non-GAAP net earnings   $ 678     $ 0.71     $ 704     $ 0.74     $ 812     $ 0.82  
                             
    GAAP earnings from operations   $ 654         $ 845         $ 952      
    Non-GAAP adjustments:                        
    Restructuring and other charges     122           70           71      
    Acquisition and divestiture charges     17           6           22      
    Amortization of intangible assets     65           63           80      
    Certain litigation charges(a)     103                          
    Non-GAAP earnings from operations   $ 961         $ 984         $ 1,125      
                             
    GAAP operating margin     4.9 %         6.3 %         7.4 %    
    Non-GAAP adjustments     2.4 %         1.0 %         1.4 %    
    Non-GAAP operating margin     7.3 %         7.3 %         8.8 %    
     
    (a) HP incurs settlement expenses from backward-looking claims that arise from certain existing or threatened Standard Essential Patent (“SEP”) litigation that are distinctive and substantial when compared to other intellectual property litigation that HP incurs in the ordinary course of business. HP excludes these SEP litigation expenses for purposes of calculating these non-GAAP measures. For the third and fourth quarters of fiscal year 2024, the SEP litigation expenses were $18 million and $40 million, respectively. Consequently, the revised non-GAAP diluted net earnings per share for the third and fourth quarters of fiscal year 2024 are $0.84 and $0.96, respectively.
    (b) Includes tax impact on non-GAAP adjustments.
    HP INC. AND SUBSIDIARIES
    ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
    OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
     
        Six months ended
        April 30, 2025   April 30, 2024
        Amounts   Diluted
    net earnings
    per share
      Amounts   Diluted
    net earnings
    per share
    GAAP net earnings   $ 971     $ 1.02     $ 1,229     $ 1.23  
    Non-GAAP adjustments:                
    Restructuring and other charges     192       0.20       134       0.14  
    Acquisition and divestiture charges     23       0.03       49       0.05  
    Amortization of intangible assets     128       0.13       161       0.16  
    Certain litigation charges(a)     103       0.11              
    Non-operating retirement-related credits     (11 )     (0.01 )     (5 )     (0.01 )
    Tax adjustments(b)     (24 )     (0.03 )     52       0.06  
    Non-GAAP net earnings   $ 1,382     $ 1.45     $ 1,620     $ 1.63  
                     
    GAAP earnings from operations   $ 1,499         $ 1,887      
    Non-GAAP adjustments:                
    Restructuring and other charges     192           134      
    Acquisition and divestiture charges     23           49      
    Amortization of intangible assets     128           161      
    Certain litigation charges(a)     103                
    Non-GAAP earnings from operations   $ 1,945         $ 2,231      
                     
    GAAP operating margin     5.6 %         7.3 %    
    Non-GAAP adjustments     1.7 %         1.3 %    
    Non-GAAP operating margin     7.3 %         8.6 %    
     
    (a) HP incurs settlement expenses from backward-looking claims that arise from certain existing or threatened SEP litigation that are distinctive and substantial when compared to other intellectual property litigation that HP incurs in the ordinary course of business. HP excludes these SEP litigation expenses for purposes of calculating these non-GAAP measures. For the nine months ended fiscal year 2024 and fiscal year 2024, the SEP litigation expenses were $18 million and $58 million, respectively. Consequently, the revised non-GAAP diluted net earnings per share for the nine months ended fiscal year 2024 and fiscal year 2024 are $2.47 and $3.43, respectively.
    (b) Includes tax impact on non-GAAP adjustments.
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED BALANCE SHEETS
    (Unaudited)
    (In millions)
     
        As of
        April 30, 2025   October 31, 2024
    ASSETS        
    Current assets:        
    Cash, cash equivalents and restricted cash   $ 2,730     $ 3,253  
    Accounts receivable, net     4,336       5,117  
    Inventory     8,175       7,720  
    Other current assets     4,217       4,670  
    Total current assets     19,458       20,760  
    Property, plant and equipment, net     2,951       2,914  
    Goodwill     8,713       8,627  
    Other non-current assets     7,677       7,608  
    Total assets   $ 38,799     $ 39,909  
             
    LIABILITIES AND STOCKHOLDERS’ DEFICIT        
    Current liabilities:        
    Notes payable and short-term borrowings   $ 1,446     $ 1,406  
    Accounts payable     15,195       16,903  
    Other current liabilities     9,915       10,378  
    Total current liabilities     26,556       28,687  
    Long-term debt     9,291       8,263  
    Other non-current liabilities     4,228       4,282  
    Stockholders’ deficit     (1,276 )     (1,323 )
    Total liabilities and stockholders’ deficit   $ 38,799     $ 39,909  
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (In millions)
     
        Three months ended
        April 30, 2025   April 30, 2024
    Cash flows from operating activities:        
    Net earnings   $ 406     $ 607  
    Adjustments to reconcile net earnings to net cash provided by operating activities:        
    Depreciation and amortization     205       209  
    Stock-based compensation expense     140       94  
    Restructuring and other charges     122       71  
    Deferred taxes on earnings     (60 )     5  
    Other, net     37       7  
    Changes in operating assets and liabilities, net of acquisitions:        
    Accounts receivable     (115 )     (552 )
    Inventory     279       (631 )
    Accounts payable     (1,302 )     1,104  
    Net investment in leases from integrated financing     (50 )     (19 )
    Taxes on earnings     (133 )     (177 )
    Restructuring and other     (75 )     (57 )
    Other assets and liabilities     584       (80 )
    Net cash provided by operating activities     38       581  
    Cash flows from investing activities:        
    Investment in property, plant, equipment and purchased intangible     (183 )     (119 )
    Purchases of available-for-sale securities and other investments     (3 )      
    Maturities and sales of available-for-sale securities and other investments     9        
    Collateral (posted) returned for derivative instruments     (540 )     70  
    Payment made in connection with business acquisitions, net of cash acquired     (116 )      
    Net cash used in investing activities     (833 )     (49 )
    Cash flows from financing activities:        
    Proceeds from short-term borrowings with original maturities less than 90 days, net           (100 )
    Proceeds from debt, net of issuance costs     1,076       94  
    Payment of debt     (52 )     (53 )
    Stock-based award activities and others     (26 )     (4 )
    Repurchase of common stock     (100 )     (100 )
    Cash dividends paid     (273 )     (269 )
    Settlement of cash flow hedges     6        
    Net cash provided by (used in) financing activities     631       (432 )
    (Decrease) increase in cash, cash equivalents and restricted cash     (164 )     100  
    Cash, cash equivalents and restricted cash at beginning of period     2,894       2,417  
    Cash, cash equivalents and restricted cash at end of period   $ 2,730     $ 2,517  
    HP INC. AND SUBSIDIARIES
    CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
    (Unaudited)
    (In millions)
     
        Six months ended
        April 30, 2025   April 30, 2024
    Cash flows from operating activities:        
    Net earnings   $ 971     $ 1,229  
    Adjustments to reconcile net earnings to net cash provided by operating activities:        
    Depreciation and amortization     402       414  
    Stock-based compensation expense     332       271  
    Restructuring and other charges     192       134  
    Deferred taxes on earnings     (83 )      
    Other, net     72       (13 )
    Changes in operating assets and liabilities, net of acquisitions:        
    Accounts receivable     851       (106 )
    Inventory     (472 )     (678 )
    Accounts payable     (1,699 )     360  
    Net investment in leases from integrated financing     (48 )     (81 )
    Taxes on earnings     (121 )     (128 )
    Restructuring and other     (149 )     (144 )
    Other assets and liabilities     164       (556 )
    Net cash provided by operating activities     412       702  
    Cash flows from investing activities:        
    Investment in property, plant, equipment and purchased intangible     (485 )     (277 )
    Purchases of available-for-sale securities and other investments     (6 )      
    Maturities and sales of available-for-sale securities and other investments     14        
    Collateral posted for derivative instruments     (540 )      
    Payment made in connection with business acquisitions, net of cash acquired     (116 )      
    Net cash used in investing activities     (1,133 )     (277 )
    Cash flows from financing activities:        
    Proceeds from debt, net of issuance costs     1,158       186  
    Payment of debt     (102 )     (102 )
    Stock-based award activities and others     (118 )     (80 )
    Repurchase of common stock     (200 )     (600 )
    Cash dividends paid     (546 )     (544 )
    Settlement of cash flow hedges     6        
    Net cash provided by (used in) financing activities     198       (1,140 )
    Decrease in cash, cash equivalents and restricted cash     (523 )     (715 )
    Cash, cash equivalents and restricted cash at beginning of period     3,253       3,232  
    Cash, cash equivalents and restricted cash at end of period   $ 2,730     $ 2,517  
    HP INC. AND SUBSIDIARIES
    SEGMENT/BUSINESS UNIT INFORMATION
    (Unaudited)
    (In millions)
     
        Three months ended   Change (%)
        April 30, 2025   January 31, 2025   April 30, 2024   Q/Q   Y/Y
    Net revenue:                    
    Commercial PS   $ 6,786     $ 6,645     $ 6,242     2 %   9 %
    Consumer PS     2,238       2,579       2,184     (13 )%   2 %
    Personal Systems     9,024       9,224       8,426     (2 )%   7 %
    Supplies     2,725       2,826       2,864     (4 )%   (5 )%
    Commercial Printing     1,167       1,144       1,205     2 %   (3 )%
    Consumer Printing     289       299       299     (3 )%   (3 )%
    Printing     4,181       4,269       4,368     (2 )%   (4 )%
    Corporate Investments(a)     16       11       5     NM     NM  
    Total segment net revenue     13,221       13,504       12,799     (2 )%   3 %
    Other(a)     (1 )           1     NM     NM  
    Total net revenue   $ 13,220     $ 13,504     $ 12,800     (2 )%   3 %
                         
    Earnings before taxes:                    
    Personal Systems(b)   $ 409     $ 507     $ 508          
    Printing     814       810       829          
    Corporate Investments     (37 )     (27 )     (30 )        
    Total segment earnings from operations     1,186       1,290       1,307          
    Corporate and unallocated cost and other     (85 )     (114 )     (88 )        
    Stock-based compensation expense     (140 )     (192 )     (94 )        
    Restructuring and other charges     (122 )     (70 )     (71 )        
    Acquisition and divestiture charges     (17 )     (6 )     (22 )        
    Amortization of intangible assets     (65 )     (63 )     (80 )        
    Certain litigation charges(b)     (103 )                    
    Interest and other, net     (148 )     (141 )     (155 )        
    Total earnings before taxes   $ 506     $ 704     $ 797          
     
    (a) “NM” represents not meaningful.
    (b) HP has reclassified certain litigation charges arising from SEP litigations from Personal Systems to Corporate.
    HP INC. AND SUBSIDIARIES
    SEGMENT/BUSINESS UNIT INFORMATION
    (Unaudited)
    (In millions)
     
        Six months ended   Change (%)
        April 30, 2025   April 30, 2024   Y/Y
    Net revenue:            
    Commercial PS   $ 13,431     $ 12,287     9 %
    Consumer PS     4,817       4,948     (3 )%
    Personal Systems     18,248       17,235     6 %
    Supplies     5,551       5,727     (3 )%
    Commercial Printing     2,311       2,432     (5 )%
    Consumer Printing     588       584     1 %
    Printing     8,450       8,743     (3 )%
    Corporate Investments(a)     27       7     NM  
    Total segment net revenue     26,725       25,985     3 %
    Other(a)     (1 )         NM  
    Total net revenue   $ 26,724     $ 25,985     3 %
                 
    Earnings before taxes:            
    Personal Systems(b)   $ 916     $ 1,045      
    Printing     1,624       1,701      
    Corporate Investments     (64 )     (67 )    
    Total segment earnings from operations     2,476       2,679      
    Corporate and unallocated cost and other     (199 )     (177 )    
    Stock-based compensation expense     (332 )     (271 )    
    Restructuring and other charges     (192 )     (134 )    
    Acquisition and divestiture charges     (23 )     (49 )    
    Amortization of intangible assets     (128 )     (161 )    
    Certain litigation charges(b)     (103 )          
    Interest and other, net     (289 )     (297 )    
    Total earnings before taxes   $ 1,210     $ 1,590      
     
    (a) “NM” represents not meaningful.
    (b) HP has reclassified certain litigation charges arising from SEP litigations from Personal Systems to Corporate.
    HP INC. AND SUBSIDIARIES
    SEGMENT OPERATING MARGIN SUMMARY
    (Unaudited)
     
        Three months ended   Change (pts)
        April 30, 2025   January 31, 2025   April 30, 2024   Q/Q
      Y/Y
    Segment operating margin:                        
    Personal Systems(a)   4.5 %   5.5 %   6.0 %   (1.0 )pts   (1.5 )pts
    Printing   19.5 %   19.0 %   19.0 %   0.5 pts   0.5 pts
    Corporate Investments(c)   NM     NM     NM     NM     NM  
    Total segment   9.0 %   9.6 %   10.2 %   (0.6 )pts   (1.2 )pts
        Six months ended   Change (pts)
        April 30, 2025   April 30, 2024   Y/Y
    Segment operating margin:              
    Personal Systems(b)   5.0 %   6.1 %   (1.1 )pts
    Printing   19.2 %   19.5 %   (0.3 )pts
    Corporate Investments(c)   NM     NM     NM  
    Total segment   9.3 %   10.3 %   (1.0 )pts
     
    (a) HP has reclassified certain litigation charges arising from SEP litigations from Personal Systems to Corporate. For the third and fourth quarters of fiscal year 2024, the SEP litigation expenses were $18 million and $40 million, respectively. Consequently, the revised Segment operating margin for Personal Systems for the third and fourth quarters of fiscal year 2024 are 6.6% and 6.2%, respectively and the revised Total segment operating margin for the third and fourth quarters of fiscal year 2024 are 9.6% and 10.2%, respectively.
    (b) HP has reclassified certain litigation charges arising from SEP litigations from Personal Systems to Corporate. For the nine months ended fiscal year 2024 and fiscal year 2024, the SEP litigation expenses were $18 million and $58 million, respectively. Consequently, the revised Segment operating margin for the nine months ended fiscal year 2024 and fiscal year 2024 are 6.2%, respectively and the revised Total segment operating margin for the nine months ended fiscal year 2024 and fiscal year 2024 are 10.1%, respectively.
    (c) “NM” represents not meaningful.
    HP INC. AND SUBSIDIARIES
    CALCULATION OF DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
     
        Three months ended
        April 30, 2025   January 31, 2025   April 30, 2024
    Numerator:            
    GAAP net earnings   $ 406     $ 565     $ 607  
    Non-GAAP net earnings   $ 678     $ 704     $ 812  
                 
    Denominator:            
    Weighted-average shares used to compute basic net earnings per share     950       948       984  
    Dilutive effect of employee stock plans(a)     6       9       6  
    Weighted-average shares used to compute diluted net earnings per share     956       957       990  
                 
    GAAP diluted net earnings per share   $ 0.42     $ 0.59     $ 0.61  
    Non-GAAP diluted net earnings per share   $ 0.71     $ 0.74     $ 0.82  
     
    (a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
    HP INC. AND SUBSIDIARIES
    CALCULATION OF DILUTED NET EARNINGS PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
        Six months ended
        April 30, 2025   April 30, 2024
    Numerator:        
    GAAP net earnings   $ 971     $ 1,229  
    Non-GAAP net earnings   $ 1,382     $ 1,620  
             
    Denominator:        
    Weighted-average shares used to compute basic net earnings per share     949       990  
    Dilutive effect of employee stock plans(a)     7       6  
    Weighted-average shares used to compute diluted net earnings per share     956       996  
             
    GAAP diluted net earnings per share   $ 1.02     $ 1.23  
    Non-GAAP diluted net earnings per share   $ 1.45     $ 1.63  
     
    (a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards.
     

    Use of non-GAAP financial measures

    To supplement HP’s consolidated condensed financial statements presented on a GAAP basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt). HP also provides forecasts of non-GAAP diluted net EPS and free cash flow.

    These non-GAAP financial measures are not computed in accordance with, or as an alternative to, GAAP in the United States. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables above or elsewhere in the materials accompanying this news release.

    Use and economic substance of non-GAAP financial measures

    Net revenue on a constant currency basis excludes the effect of foreign currency exchange fluctuations calculated by translating current period revenues using monthly exchange rates from the comparative period and excluding any hedging impact recognized in the current period. Non-GAAP operating margin is defined to exclude the effects of any amounts relating to restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets and certain litigation charges. Non-GAAP net earnings and non-GAAP diluted net EPS consist of net earnings or diluted net EPS excluding those same charges, non-operating retirement related (credits)/charges, debt extinguishment costs (benefit), tax adjustments and the amount of additional taxes or tax benefits associated with each non-GAAP item.

    HP’s management uses these non-GAAP financial measures for purposes of evaluating HP’s historical and prospective financial performance, as well as HP’s performance relative to its competitors. HP’s management also uses these non-GAAP measures to further its own understanding of HP’s segment operating performance. HP believes that excluding the items mentioned above for these non-GAAP financial measures allows HP’s management to better understand HP’s consolidated financial performance in relation to the operating results of HP’s segments, as HP’s management does not believe that the excluded items are reflective of ongoing operating results. More specifically, HP’s management excludes each of those items mentioned above for the following reasons:

    • Restructuring and other charges are (i) costs associated with a formal restructuring plan and are primarily related to employee separation from service and early retirement costs and related benefits, costs of real estate consolidation and other non-labor charges; and (ii) other charges, which includes non-recurring costs including those as a result of information technology rationalization efforts and transformation program management and are distinct from ongoing operational costs. HP excludes these restructuring and other charges (and any reversals of charges recorded in prior periods) for purposes of calculating these non-GAAP measures because HP believes that these costs do not reflect expected future operating expenses and excluding such expenses for purposes of calculating these non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs cost related to its acquisitions and divestitures, which it would not have otherwise incurred as part of its operations. The charges are direct expenses such as third-party professional and legal fees, integration and divestiture-related costs, as well as non-cash adjustments to the fair value of certain acquired assets such as inventory and certain compensation charges related to cash settlement of restricted stock units and performance-based restricted stock units towards acquisitions. These charges related to acquisitions and divestitures are inconsistent in amount and frequency and are significantly impacted by the timing and nature of HP’s acquisitions or divestitures. HP believes that eliminating such expenses for purposes of calculating these non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs charges relating to the amortization of intangible assets. Those charges are included in HP’s GAAP earnings, operating margin, net earnings and diluted net EPS. Such charges are significantly impacted by the timing and magnitude of HP’s acquisitions and any related impairment charges. Consequently, HP excludes these charges for purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs settlement expenses from backward-looking claims that arise from certain existing or threatened SEP litigation that are distinctive and substantial when compared to other intellectual property litigation that HP incurs in the ordinary course of business. Consequently, HP excludes these SEP litigation expenses for purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP incurs debt extinguishment (benefit)/costs includes certain (gain)/loss related to repurchase of certain of its outstanding U.S. dollar global notes or termination of commitments under revolving credit facilities. These (gain)/loss resulting from debt redemption transactions are partially or more than offset by costs such as bond repurchase premiums, bank fees, unpaid accrued interests, etc. HP excludes these (benefit)/costs for the purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • Non-operating retirement-related (credits)/charges includes certain market-related factors such as interest cost, expected return on plan assets, amortized actuarial gains or losses, associated with HP’s defined benefit pension and post-retirement benefit plans. The market-driven retirement-related adjustments are primarily due to the changes in the value of pension plan assets and liabilities which are tied to financial market performance and HP considers these adjustments to be outside the operational performance of the business. Non-operating retirement-related (credits)/charges also include certain plan curtailments, settlements and special termination benefits related to HP’s defined benefit pension and post-retirement benefit plans. HP believes that eliminating such adjustments for purposes of calculating non-GAAP measures is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.
    • HP recorded tax adjustments including tax expenses and benefits from internal reorganizations, realizability of certain deferred tax assets, various tax rate and regulatory changes, and tax settlements across various jurisdictions. HP excludes these adjustments for the purposes of calculating these non-GAAP measures because HP believes doing so is useful to management and investors in evaluating HP’s current operating performance and comparing operating performance to other periods.

    Free cash flow is a non-GAAP measure that is defined as cash flow provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant, equipment and purchased intangible. Gross cash is a non-GAAP measure that is defined as cash, cash equivalents and restricted cash plus short-term investments and certain long-term investments that may be liquidated within 90 days pursuant to the terms of existing put options or similar rights. HP’s management uses free cash flow and gross cash for the purpose of determining the amount of cash available for investment in HP’s businesses, repurchasing stock and other purposes. HP’s management also uses free cash flow and gross cash to evaluate HP’s historical and prospective liquidity. Because gross cash includes liquid assets that are not included in cash, cash equivalents and restricted cash, HP believes that gross cash provides a helpful assessment of HP’s liquidity. Because free cash flow includes net cash provided by (used in) operating activities adjusted for net investment in leases from integrated financing and net investments in property, plant, equipment and purchased intangible. HP believes that free cash flow provides a useful assessment of HP’s liquidity and capital resources. Net cash (debt) is defined as gross cash less gross debt after adjusting the effect of unamortized premium/discount on debt issuance, debt issuance costs and gains/losses on interest rate swaps.

    Key Growth Areas
    Key Growth Areas represent HP’s businesses which management expects to collectively grow at a rate faster than HP’s core business with accretive margins in the longer term. HP’s Key Growth Areas are comprised of:

    Hybrid Systems: Video conferencing solutions, cameras, headsets, voice, and related software capabilities

    Advanced Compute Solutions: Diverse portfolio encompassing high-performance computing, mobile and desktop workstations, retail workstations, retail solutions, and emerging technologies to address complex computational tasks, data-intensive applications, and evolving industry needs.

    AI PC: PCs, excluding Workstations, equipped with dedicated hardware components like Neural Processing Units (NPUs), are designed to facilitate and enhance the execution of AI and machine learning tasks.

    Workforce Solutions: Managed services (Managed Print Service and Device-as-a-Service), digital services and lifecycle services

    Consumer Subscriptions: Instant Ink services, other consumer subscriptions and consumer digital services

    Industrial Graphics: Large Format Industrial, Page Wide Press (PWP), Indigo and Page Wide Industrial packaging solutions and supplies

    3D & Personalization: Portfolio of additive manufacturing solutions and supplies including end-to-end solutions such as moulded fiber, footwear and orthotics

    Material limitations associated with use of non-GAAP financial measures
    These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of HP’s results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are:

    • Items such as amortization of intangible assets, though not directly affecting HP’s cash position, represent the loss in value of intangible assets over time. The expense associated with this change in value is not included in non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net EPS, and therefore does not reflect the full economic effect of the change in value of those intangible assets.
    • Items such as restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets, certain litigation charges are excluded from non-GAAP operating margin. In addition, non-operating retirement-related (credits)/charges, debt extinguishment costs (benefit) and tax adjustments are excluded from non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings and non-GAAP diluted net EPS. These items can have a material impact on the equivalent GAAP earnings measure and cash flows.
    • HP may not be able to immediately liquidate the short-term and certain long-term investments included in gross cash, which may limit the usefulness of gross cash as a liquidity measure.

    Other companies may calculate the non-GAAP financial measures differently than HP, limiting the usefulness of those measures for comparative purposes.

    Compensation for limitations associated with use of non-GAAP financial measures

    HP accounts for the limitations on its use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only supplementally. HP also provides reconciliations of each non-GAAP financial measure to its most directly comparable GAAP measure within this news release and in other written materials that include these non-GAAP financial measures, and HP encourages investors to review those reconciliations carefully.

    Usefulness of non-GAAP financial measures to investors

    HP believes that providing net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt) to investors in addition to the related GAAP financial measures provides investors with greater insight to the information used by HP’s management in its financial and operational decision making and allows investors to see HP’s results “through the eyes” of management. HP further believes that providing this information better enables HP’s investors to understand HP’s operating performance and financial condition and to evaluate the efficacy of the methodology and information used by HP’s management to evaluate and measure such performance and financial condition. Disclosure of these non-GAAP financial measures also facilitates comparisons of HP’s operating performance with the performance of other companies in HP’s industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.

    Editorial contacts

    HP Inc. Media Relations
    MediaRelations@hp.com

    HP Inc. Investor Relations
    InvestorRelations@hp.com

    The MIL Network

  • MIL-OSI Europe: Highlights – Structured Dialogue with Marta Kos, Commissioner for Enlargement – Committee on Foreign Affairs

    Source: European Parliament

    Structured Dialogue with Marta Kos, Commissioner for Enlargement © European Union (2024) – European Parliament

    On 3 June 2025, the AFET Committee will host a Structured Dialogue with Marta Kos, Commissioner for Enlargement. As foreseen in the Annex IV of the EP-Commission Framework Agreement, committees should hold exchanges of views with their relevant Commissioners on the state of implementation of the current Commission Work Programme as well as on the priorities to be reflected in the next year’s Commission Work Programme.

    During the exchange of views, the AFET Members will have the opportunity to touch upon priority topics such as the Russian war of aggression against Ukraine, the security situation in Europe and the EU’s neighbourhood and enlargement policy.

    MIL OSI Europe News

  • MIL-OSI USA: ICYMI: Mullin to Hannity: Trump Strikes when the Iron is Ripe

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)
    “Trump is working all angles on this. This is why Trump makes the ‘Art of the Deal’ right?”
    Washington, D.C. – On Tuesday, U.S. Senator Markwayne Mullin (R-OK) joined Fox News’s Sean Hannity on Hannity to discuss the recent developments in the war in Ukraine and stress that Russia’s President would be a fool to underestimate President Donald J. Trump and America’s return to ‘Peace through Strength’ policies. Highlights below.

    Sen. Mullin’s full interview can be found here.
    On the consequences President Vladimir Putin faces if he continues down this path of killing:
    “He [President Trump] is trying to clean up a mess that he didn’t start. This war would have never taken place if Trump would have been in office, but now it is. He’s been very clear from day one he wanted the killing to stop. He’s tried to work with Putin, his patience is running thin, and you and I know both know President Trump personally. When he’s done with you, he’s done. If Putin continues to push this envelope the way that he is, he’s going to give Zelensky the tools that he needs to fight back with the full-scale, full support of the United States.
    On possible Russian sanctions:
    “Lindsey Graham, myself, and a few other senators led this sanction bill, but we’ve been holding off because President Trump wanted time to negotiate with Russia. Because the negotiations are breaking down, I can see as soon as soon as were ready to move this bill forward, we’ll be able to pass this in the Senate, we’ll be able to pass this in the House, and President Trump will sign it. The sanctions will cripple Russia’s economy. You’ll see the ruble crash. You’ll see the way they’ve been able to benefit from it, this won’t go.”
    On President Trump’s ability to protect American interests:
    “Trump is working all angles on this. This is why Trump makes the ‘Art of the Deal’ right? He’s able to back people in corners and because when he’s ready, and the iron’s ripe, he’s able to strike.”

    MIL OSI USA News

  • MIL-OSI United Kingdom: Plaid Cymru leader meets EU ambassador to strengthen Wales-Europe ties

    Source: Party of Wales

    Rhun ap Iorwerth says there is a ‘pro-European government in waiting’ in Wales

    Plaid Cymru Leader Rhun ap Iorwerth has today met with the European Union’s Ambassador to the UK, Pedro Serrano, at Europe House in London to discuss strengthening Wales’s relationship with Europe and deepening cooperation in key areas.

    The meeting followed the recent EU-UK summit, where Prime Minister Keir Starmer and EU leaders agreed to ease some post-Brexit trade and travel frictions. While welcoming the progress, Mr ap Iorwerth said the deal did not go far enough and called on the UK Government to pursue a more ambitious reset of relations, including moving towards rejoining the Single Market and Customs Union.

    Since leaving the EU, Wales has suffered disproportionately, with losses estimated at £4 billion to the economy, a £1.1 billion reduction in exports, and the disappearance of £1 billion in former EU structural and rural funding. Post-Brexit trade deals have also weakened the position of Welsh agriculture and manufacturing.

    Plaid Cymru is pressing the UK Government to do more than tinker at the edges and instead restore meaningful economic and political ties with the EU.

    The meeting also turned to foreign affairs issues, with Mr ap Iorwerth also raising concerns over Israel’s actions in Gaza and reiterating his party’s support for Ukraine.

    Speaking after the meeting, Rhun ap Iorwerth said:

    “I thank the Ambassador for a constructive meeting on the important relationship between Wales and the EU. Ahead of next year’s Senedd election, I wanted to make clear to our EU partners that with Plaid Cymru, there is a pro-European government in waiting in Wales that is serious and honest about the importance of improving our cooperation with our neighbours.

    “The recent summit must be seen as a beginning, not an endpoint. Brexit has caused deep damage to Wales’s economy, and unless the structural barriers to trade and investment are removed, the UK Government’s growth ambitions will remain unrealised. Rejoining the Single Market and Customs Union is the most effective way to reverse this damage. This is about giving Welsh businesses, farmers and young people the opportunities they deserve.

    “I reiterated Plaid Cymru’s proposal for a Welsh European Alignment Act – to reclaim powers we should never have lost and realign Welsh law with essential EU standards when in Wales’s best interest.

     

    The meeting also touched on a number of other foreign affairs issues, including Gaza and Ukraine. Mr ap Iorwerth said:

    “Plaid Cymru has consistently spoken out against Israel’s use of disproportionate force, and I welcome the EU’s decision to initiate a review of Israel’s compliance with its obligations under international law under the EU-Israel Association Agreement. I voiced my horror at Israel’s crimes in Gaza. I also reiterated that any future Plaid Cymru-led government would be committed to European cooperation in support of Ukraine.

    “Plaid Cymru offers a vision of hope – of a Wales that works with our neighbours, stands up for human rights, and gives our young people a future to believe in.”

    MIL OSI United Kingdom

  • MIL-OSI Global: Have sanctions against Russia backfired? What apartheid-era South Africa tells us about who may be profiting

    Source: The Conversation – UK – By John Luiz, Professor of International Management and Strategy, University of Sussex

    There are no longer any golden arches logos in Russia, but is the firm hoping for a return? forden/Shutterstock

    Even as the war in Ukraine grinds on, some multinational companies are quietly positioning themselves for a thaw in relations with Russia.

    Many of those who rushed to divest from the country, selling off assets after the full-scale invasion in 2022, may now be reassessing their options. It’s also becoming clear that some of these companies never completely left to begin with.

    What is apparent is that divestment was, in many cases, provisional rather than permanent – with firms embedding “buy-back” clauses in their sales contracts, or structuring their exits in ways that would make future re-entry simple.

    This should not come as a surprise. Our research into foreign divestment from apartheid-era South Africa shows this is a well-trodden business path.

    In South Africa, sanctions inadvertently strengthened local white business elites aligned with the ruling regime. Multinationals sold their assets under pressure – often at discounts, often to the local companies of politically connected elites – and later bought them back at a premium.

    Today, the same dynamic could be playing out in Russia.

    When Russia invaded Ukraine in 2022, more than 1,600 multinational enterprises announced they were pulling out of the country. However, reports last year suggested that 2,175 foreign companies, including some who had announced they were pulling out, remained in Russia – and were becoming increasingly open about their operations.

    One CEO stated that investors did not “morally care” about doing business in Russia, and that if they pulled out, rivals would simply take their place.

    Even for those companies that did leave, many of these exits were more symbolic than substantial. Research has shown that even companies that claimed to have fully divested left behind options to return.

    Carmaker Nissan, for example, appears to have sold its Russian subsidiary to state-owned NAMI in 2022 with a six-year buy-back clause. In a statement at the time, the company said the terms allowed it “the option to buy back the entity and its operations within the next six years”.

    And fast-food giant McDonald’s can reportedly reacquire its Russian business within 15 years. A statement from McDonald’s in 2022 said that, for the first time in its history, it was “de-Arching” a major market – but suggested it hoped to return eventually.

    Such arrangements, often quietly written into exit contracts, allow multinationals to comply with sanctions in the short term – while keeping the door open for a future comeback.

    In many cases, the operations have continued seamlessly under new ownership. While the brand names may have changed in Russia, the staff and product designs remain almost identical. And sometimes, the foreign supply chains and intellectual property are still in play too.

    Who profits?

    The South African precedent is instructive. During the 1980s, foreign companies divested under pressure from shareholders, activists and governments over apartheid. But very few truly left. Most sold their operations to local elites – powerful business groups aligned with the ruling regime. They then continued to supply products, license trademarks and support operations through quiet back channels.

    The intention of sanctions is to weaken the sanctioned state. However, our study shows that the economic value created by foreign multinationals in South Africa did not disappear.

    The aim of sanctions against Russia is to weaken the economic position of the Kremlin.
    E.O./Shutterstock

    In Russia, foreign companies have sold assets at big discounts to Russian oligarchs and state-linked entities since 2022. In some cases, the buyers were longstanding local partners or franchisees. In others, they were entities unknown to consumers but which were thought to have close ties to the Kremlin.

    The consequences are predictable. Rather than weakening the regime’s economic base, sanctions may have consolidated it. As in South Africa, the departure of foreign firms appears to have strengthened domestic elites and allowed them to accumulate new assets and market power.

    Some companies that left Russia are reported to be reconsidering their decisions. Negotiations are taking place behind the scenes about how to ree-stablish operations should conditions shift. Their re-entry may be smoothed by structures – buy-back clauses, licensing deals or local partnerships – that firms put in place on their way out.

    This strategy mirrors what we found in South Africa. In the 1990s, once apartheid ended, foreign multinationals returned in large numbers. But they didn’t start from scratch. They repurchased their former assets, often at a much higher price, from the local elites.

    In short, in the case of South Africa at least, the period of supposed withdrawal was often one of careful preparation for re-entry. Meanwhile, our study also found that South African conglomerates used their windfalls to fund international expansion and entrench their power in the new economy.

    Unintended results

    Sanctions remain a key tool of international diplomacy. But our research shows their effectiveness depends heavily on how firms implement them – and who ends up with the assets that are divested. If those assets are consistently transferred to politically connected insiders, the long-term outcome may be to reinforce the very regimes the sanctions were intended to pressure.

    Sanctions policy should not just consider whether firms have divested, but how and to whom. Without that, even the most well-intentioned measures may end up producing unintended results.

    This means that governments should go beyond imposing sanctions and develop mechanisms to ensure transparency, monitoring and accountability in how corporate exits are structured.

    South African sanctions are generally seen as having played a useful role in ending apartheid. But as unemployment and inequality continue to plague the country along old institutional lines, the South African experience offers a clear historical warning. If sanctions are meant to promote accountability and change, it’s vital to pay close attention to what happens after the headlines fade.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Have sanctions against Russia backfired? What apartheid-era South Africa tells us about who may be profiting – https://theconversation.com/have-sanctions-against-russia-backfired-what-apartheid-era-south-africa-tells-us-about-who-may-be-profiting-257422

    MIL OSI – Global Reports

  • MIL-OSI USA: McCaul Discusses Importance of State Dept. Reauthorization with Secretary Rubio

    Source: United States House of Representatives – Congressman Michael McCaul (10th District of Texas)

    WASHINGTON – Today, U.S. Congressman Michael McCaul (R-Texas) — chairman emeritus of the House Foreign Affairs Committee — questioned Secretary of State Marco Rubio at the committee’s hearing, titled “FY26 State Department Posture: Protecting American Interests.” McCaul and Rubio discussed how the committee’s work to reauthorize the State Department can help the Trump administration advance its foreign policy objectives, including restoring U.S. foreign aid to its core mission.

    Click to watch

    Full exchange below:

    Chair Emeritus McCaul: Let me express my deep sympathy to the family of Gerry Connolly. He was a dear friend of mine. I will miss him dearly and the Irish twinkle in his eye.

    Mr. Secretary, thanks for being here today. Under the last four years — under President Biden — the world is on fire now. From the debacle, the evacuation, poorly executed from Afghanistan, which then led, I believe, to Putin’s invasion of Ukraine — the largest land invasion since World War II in Europe — to the Middle East on fire now, to October 7th. I commend you for trying to seek peace in these hotspots, including the Indo-Pacific, which probably presents the greatest threat.

    I would be clear-eyed with Mr. Putin. I personally don’t think he’s negotiating in good faith. The Ayatollah cannot be trusted. In fact, it was recently reported that they got their proxy, Hamas, to invade Israel on October 7th to derail the normalization talks between Israel and Saudi Arabia.

    Let me go to the 1961 Foreign Assistance Act. It was initially created to counter the rise of the Soviet Union. Today, I believe it should be used to counter the influence of Communist China around the globe, and that’s a core mission I know you support, as do I. When I was chairman of this committee, I put holds on the programs the current chairman is talking about — that being the drag shows in Ecuador to grants to advance atheism in Nepal. These are not in the interest of the United States or our national security interests. 

    So, I think we need to return these agencies and programs to their core mission. I believe that you’re trying to do that by bringing them under your supervision at the State Department. It’s not a new idea. Madeline Albright tried to do that many years ago. And I do think under your supervision, that we’ll have transparency and accountability with the foreign assistance programs. 

    We are engaged in a reauthorization of the State Department. Sir, can you tell me how this would assist you, with respect to reorganization of these important agencies under your department?

    Secretary Rubio: Well, I think the key to reorganization — and by the way, we never did it in all the years that I was in the Senate either. It never happened. It needs to happen. We want it to happen. As you know, in our reorganization, we didn’t touch any of the statutory offices because we can’t. But there’s two advantages to it, or three advantages. 

    The first is it becomes permanent. We can create an organizational structure that becomes enduring, especially if it’s one that we believe in. Second, I think that it will help us with the input and ideas. Look, we provided the initial preliminary indication to Congress.

    We’ve been taking input — including from many on the minority — and some of those are going to be reflected when we put out our final approach that we want to take. But ultimately, we would love to work with the committee to find ways to improve on the streamlining.

    By the way, we’re also taking input from inside our building. Some of the ideas in our reorg — many of the ideas from our reorg — came from inside the State Department from career officials, including some that are still providing input for us on sort of how to structure it.

    But I think the advantage of doing it statutorily is that it becomes enduring and permanent and provides certainty in the days to come. Otherwise, you know, it can change over time and continue to bloat and expand to levels that it got to. It was an unreadable org chart. The org chart that I showed you — the initial org chart that I inherited — was just the top line. Within each one of those boxes, there were multiple boxes — some of them duplicative, redundant, and in many cases, no one could even tell us what they were doing, because it’s easy to grow. It’s much harder to reorganize and to streamline activity, and that’s what we want to do.

    Chair Emeritus McCaul: Well, it’s a very noble effort. With my one minute remaining, I authorized the Remain in Mexico program in this committee. I commend the administration; within a matter of months, [they] have restored order to the border, taking chaos and turned it into a safe border.

    I mean, the crossings have gone down 95%. There’s no longer catch and release. And I do think the executive order on Remain in Mexico is very important. I know you share that responsibility with the Department of Homeland Security — a committee I chaired as well. What is the latest on your negotiations with Mexico to bring that important program back?

    Secretary Rubio: Well, as you’re aware, I’m sure that we’ve had a number of what I recall, both irritants, but also areas of cooperation with the Mexican government. It’s been actually pretty positive. They have been very responsive on our security concerns. They’ve increased their security cooperation with us in ways that have been very productive.

    In fact, at some point here over the next few weeks, I intend to travel potentially to Mexico along with a couple other cabinet members to sort of finalize some of these areas of cooperation. This may be one we talk about, but we’ve been primarily focused with Mexico on two things.

    One is on trade — which is not my department — but obviously, our trade representative, Mr. Greer, and also Commerce Secretary Lutnick has been engaging with them. And then the other is on security cooperation. We have a mutual interest in Mexico. In essence, the cartels that operate within Mexico and threaten the state are armed from weapons that are bought in the United States and shipped there.

    We want to help stop that flow. The reverse is [that] those cartels threaten the state. There are parts of Mexico that are governed by cartels where there is — in fact, I think I heard last night — two more people were murdered in Mexico City associated with the mayor of Mexico City. The political violence there is real.

    They have a vested interest and a desire to go after these cartels, and we want to help equip them and provide them information. They’ve also been increasingly cooperative — more than ever before — in bringing back and extraditing people wanted in this country for crimes who are in their custody.

     So, I think we’ve got good areas of cooperation. We still have some more work to do on migration, but they’ve been cooperative. 

     

    ###

    MIL OSI USA News

  • MIL-OSI United Kingdom: UK reaffirms its support for Ukraine’s self-defence, while President Putin rejects ceasefire as war deepens Russia’s economic and global isolation: UK Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    UK reaffirms its support for Ukraine’s self-defence, while President Putin rejects ceasefire as war deepens Russia’s economic and global isolation: UK Statement to the OSCE

    UK Military Advisor, Lt Col Joby Rimmer, says that Russia’s invasion shatters European security and undermines peace. Despite President Putin’s claims, continued attacks show absolutely no intent to negotiate. The UK urges an immediate, lasting ceasefire to enable real dialogue and end the humanitarian crisis.

    Thank you, Madam Chair. The United Kingdom remains resolute in its commitment to supporting Ukraine in the face of Russia’s ongoing illegal invasion. Our immediate priority is to secure a ceasefire as swiftly as possible – one that endures long enough to create the conditions necessary for meaningful negotiations toward a robust and lasting peace.

    President Putin claims that he is interested in peace, all the while Russian attacks increasingly escalate the humanitarian crisis. These are not the actions of a government seeking peaceful resolution, but of one determined to prolong suffering and instability. Over the weekend, Russia launched a massive aerial assault involving 69 missiles and 298 drones, targeting over 30 cities and towns across Ukraine. At least 12 civilians, including children, were killed, and dozens more were injured. Kyiv was among the hardest hit, suffering casualties and significant damage during its Kyiv Day celebrations. A symbolic, cynical and deliberate act of aggression.

    At last week’s Forum for Security Co-operation (FSC), Russia accused NATO of ‘pumping up military budgets and militarising at the expense of ordinary taxpayers.’ As it continues to escalate the conflict, the economic toll on Russia’s own population is becoming increasingly severe: Interest rates in Russia have surged to 21%, reflecting deep financial instability; 40% of Russia’s federal government spending in 2025 has been committed to defence; for the first time in post-Soviet history, defence spending has exceeded social spending; Russia has depleted two-thirds of the liquid assets in its National Wealth Fund; and due to international sanctions, Russia has lost an estimated $450 billion USD in energy revenues. These figures reveal a government that clearly prioritises war over the welfare of its own citizens. The Kremlin’s choices are impoverishing Russia. We stand ready to ratchet up the pressure on President Putin with new sanctions if our calls for a ceasefire are not answered now.

    The UK stands by its economic and military support to Ukraine – a sovereign nation defending itself against an unprovoked attack. We would remind Russia, that alongside the billions already committed in aid and military assistance, the UK is also investing in Ukraine’s long-term recovery and reconstruction through non-military support. It is estimated that Ukraine’s recovery and reconstruction will require $524 billion USD over the next decade. It represents the cost of rebuilding homes, schools, hospitals, and infrastructure destroyed by Russian aggression. It is a moral and strategic investment in the future of a free and democratic Ukraine.

    The United Kingdom condemns Russia’s illegal invasion in the strongest possible terms. We will continue to stand with Ukraine – militarily, economically, and diplomatically -until peace is achieved, and Ukraine’s sovereignty is safeguarded. Russia’s invasion is a flagrant violation of international law, of the United Nations Charter and the principles enshrined in the 1975 Helsinki Final Act, to which Russia is a signatory. These principles include the sovereign equality of states, the inviolability of frontiers, and the prohibition of the threat or use of force. Russia’s actions have shattered the foundations of European security. Thank you, Madam Chair.

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Russia’s continued contravention of OSCE principles: UK Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    Russia’s continued contravention of OSCE principles: UK Statement to the OSCE

    UK Counsellor, Ankur Narayan, says that in line with the OSCE Code of Conduct, the UK will continue to support Ukraine towards achieving a just and lasting peace, while continuing to urge Russia to return to full compliance – including withdrawing to within its own internationally recognised borders.

    Thank you, Madam Chair, for hosting this FSC Security Dialogue on the Code of Conduct on Politico-Military Aspects of Security. Thank you also to the distinguished speakers for their interventions.

    My statement today will focus on the purpose of the Code, which democratic control is designed to ensure implementation of. Namely, the commitment of States to abide by the Helsinki Final Act and to respond when these principles are breached in the OSCE region.

    As per paragraph 1 of the Code, the “implementation in good faith of all commitments” are of “fundamental importance for stability and security”, and “consequently constitute a matter of direct and legitimate concern to all of them”. As we know, the Code spells these commitments out. Commitments such as “respect for each other’s sovereign equality and individuality”. Such as “the right freely to choose its own security arrangements … to belong or not to belong to … treaties of alliance”.

    The Code explicitly states: “No participating State will attempt to impose military domination over any other participating State”. This includes not stationing armed forces in the territories of other States without a freely negotiated agreement … in accordance with international law.

    Madam Chair, as detailed at the weekly FSC, Russia remains in breach of multiple commitments in the OSCE’s Zone of Application. Namely in Moldova, in Georgia and in Ukraine.

    The Code is clear about what States must do in response: “In the event of armed conflict, they will seek to facilitate the effective cessation of hostilities and seek to create conditions favourable to the political solution of the conflict.” It adds that States are determined to “act in solidarity if CSCE norms and commitments are violated” and to “facilitate concerted responses”. It provides that States will: “consult promptly … with a participating State seeking assistance in realizing its individual or collective self-defence”. It also provides that States will “consider jointly the nature of the threat and actions that may be required in defence of their common values.”

    In line with Code, we support Ukraine to defend itself, in line with the UN Charter and Helsinki Final Act principles. In line with the Code, we commend Ukraine’s steadfast commitment to reaching a just and lasting peace. And in line with the Code, we keep on calling on Russia to withdraw fully and unconditionally, from the whole territory of Ukraine, to inside its internationally recognised borders. And to return to the path of peace, starting with an immediate, unconditional ceasefire.

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: Is Vladimir Putin’s indiscriminate bombing of Ukrainian civilians ‘crazy’? It’s more a sign of impatience

    Source: The Conversation – Global Perspectives – By Mark Edele, Hansen Professor in History and Deputy Dean, The University of Melbourne

    United States President Donald Trump was “not happy” with his Russian counterpart, Vladimir Putin, this week.

    For three consecutive nights, from Friday to Sunday, Russia launched about 900 drones and scores of missiles at Ukraine. At least 18 people were killed, including three children.

    “We’re in the middle of talking and he’s shooting rockets into Kyiv and other cities,” Trump told reporters on Sunday, after Putin ordered the largest air assault on Ukraine’s civilians in its three-year war.

    Following up on his remarks, Trump posted on social media that Putin had “gone absolutely CRAZY!”

    Putin is not crazy. He is a tactician with a long-term goal: to make Russia a great power again and secure his place in the history books as the re-builder of Russia’s imperial might.

    Trump announced after a phone call with Putin on May 19 that Russia and Ukraine would “immediately start negotiations” towards a ceasefire.

    With his latest air campaign on Ukraine, however, Putin is threatening to destroy the goodwill he’s built up in Washington, where Trump has been consistently soft on Russia and tough on his allies.

    So, what is Putin’s strategy? Why is he launching these massive air bombardments on Ukrainian civilians now?

    Putin sees weakness in the West

    One theory is these attacks are somehow preparations for a major offensive. That makes little sense.

    Attacking military facilities, weapons depots or even frontline troops are useful preparations for an impending attack. Indiscriminate bombing of civilians, meanwhile, is a sign of either desperation or impatience.

    Britain and the US bombed German cities during the second world war because they had no alternatives until they built up enough capacity to transport land forces across the sea to invade the continent.

    The US also sent bombers to Japan in the final stages of the war because the American public became tired of seeing their sons, husbands, brothers and fathers die on Pacific islands they had never heard of. The war had dragged on forever by this point, and there seemed no end in sight.

    Is Putin desperate or impatient? Likely the latter.

    From the perspective of the Kremlin, Russia’s strategic situation is as good as it has been for years.

    The US is trying to destroy itself through trade wars and boorish diplomacy. Trump clearly dislikes Ukrainian President Volodymyr Zelensky and hopes the war will somehow end if he just demands it.

    Europe is continuing to back Ukraine. However, for the time being, it still needs US support because its entire security structure is built around NATO and US strength, both economic and military.

    What Putin sees when he surveys the international scene is weakness. In his thinking, such weakness needs to be exploited – now is the time to hurt Ukraine as much as possible, and hope it will crack. Analysts call this a “cognitive warfare effort”.

    Indiscriminate air war on civilians is the only means Putin currently has to pressure Ukraine. His army has been advancing, but painfully slowly. There is no breakthrough in sight, even once the spring muds dry and the summer fighting season starts in earnest.

    Russia has gradually advanced in Ukraine throughout 2024, but with no perceivable change in the overall situation. Putin does not command precision weapons or super spies, which he could use to take out Ukraine’s leadership.

    All he can do is rain death on women, children and the elderly from relatively cheap, unsophisticated weapons, such as drones. He now has these in large supply, thanks to ramping up military production at home.

    Bombing campaigns do not end wars

    A strategic air war on civilians seldom works, however.

    Japan’s surrender in 1945 is an exception, but it is misleading in many ways. The Americans had flattened Japan’s cities for a while already, just not using their new atomic weapons. Japan had already lost the war and the real question was if there would be a bloody US invasion or surrender.

    And as the US dropped its two nuclear bombs in August of that year, the Red Army joined the fight, racing across Manchuria to help occupy Japanese territories.

    In Germany, the British-American bombings from 1942 onwards certainly had an effect on war production, as they killed workers and destroyed factories. But they did not incapacitate the German army and certainly did not break morale.

    Instead, the bombings led to embitterment and a closing of ranks around the regime. German society fought to the last moment. It did so not just despite, but because of the air war. The German army was eventually defeated by the ground troops of the Red Army, who took Berlin in an incredibly bloody fight.

    Other historical failures are even more spectacular. The US air force dropped 864,000 tons of bombs on North Vietnam during an air campaign of more than 300,000 sorties lasting from 1965 to late 1968. The North Vietnamese lost maybe 29,000 people (dead and wounded), more than half of them civilians. The Americans and their South Vietnamese allies still lost the war.

    Putin’s air war will likely follow the historical pattern: it has further embittered the Ukrainians, who know very well that what comes from the east is not liberation.

    Another summer of fighting lies ahead. Ukraine’s friends in the democratic world need to urgently redouble their efforts to support Ukraine. The misguided hopes that Putin would somehow “make a deal” lie under the rubble his drones leave behind in Ukraine’s cities.

    Mark Edele receives funding from the Australian Research Council.

    ref. Is Vladimir Putin’s indiscriminate bombing of Ukrainian civilians ‘crazy’? It’s more a sign of impatience – https://theconversation.com/is-vladimir-putins-indiscriminate-bombing-of-ukrainian-civilians-crazy-its-more-a-sign-of-impatience-257630

    MIL OSI – Global Reports

  • MIL-OSI United Nations: 28 May 2025 News release Seventy-eighth World Health Assembly concludes: historic outcomes, consequential highlights

    Source: World Health Organisation

    The  Seventy-eighth World Health Assembly (WHA78), the annual meeting of World Health Organization’s (WHO) Member States, came to a close Tuesday, as health leaders lauded vast accomplishments and global solidarity.

    The Assembly, WHO’s highest decision-making body, convened from 19 May to 27 May, under the theme “One World for Health”. Member States considered approximately 75 items and sub-items across all areas of health, engaging in lively debate and adopting consequential resolutions to improve health for all.

    “The words ‘historic’ and ‘landmark’ are overused, but they are perfectly apt to describe this year’s World Health Assembly,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “The adoption of the Pandemic Agreement and the approval of the next increase in assessed contributions, along with the numerous other resolutions that Member States adopted are a sign to the world that we can achieve cooperation in the face of conflict, and unity amid division.”

    World’s first pandemic agreement: equity for all

    On 20 May, Member States adopted the historic WHO Pandemic Agreement. The moment was met with heartfelt applause, celebrating over three years of intense negotiations by the Intergovernmental Negotiating Body, comprising WHO’s Member States.

    The adoption of the Agreement is a once-in-a-generation opportunity to safeguard the world from a repeat of the suffering caused by the COVID-19 pandemic. The Agreement aims to enhance global coordination and cooperation, equity and access for future pandemics, all while respecting national sovereignty.

    Over the next year, Member States will build on the Resolution, by holding consultations on the Pathogen Access and Benefit Sharing system (PABS), an annex to the Agreement which would enhance equitable access to medical advancements.

    Sustainable financing: protecting the future of global health

    In a changing financial landscape, Member States united to protect WHO’s critical work by approving the second 20% increase in assessed contributions (ACs). By 2030–2031, ACs will make up 50% of WHO’s core budget, providing more predictable, resilient, and flexible funding.

    The Assembly’s commitment to sustainable financing did not stop there; at a high-level pledging event during WHA78, health leaders pledged at least US$ 210 million for WHO’s Investment Round, the fundraising campaign for the Organization’s global health strategy for the next four years (the Fourteenth  General Programme of Work). In addition to the US$ 1.7 billion already raised for the Investment Round, these pledges mark a significant step toward sustainable financing of WHO. Since launching in May 2024, the Investment Round has attracted 35 new contributors – moving WHO closer to the broader donor base envisioned in the Director-General’s ongoing transformation agenda.

    Action for health: major decisions and resolutions

    WHA 78 was steadfast in addressing ongoing health issues and adaptable in targeting threats and conflicts. The accomplishments of the Assembly spanned many areas of health as Member States 

    • adopted a new resolution highlighting the global health financing emergency;
    • endorsed first-ever resolutions on lung and kidney health, highlighting the upcoming UN General Assembly focus on noncommunicable diseases;
    • adopted a new resolution on science-driven norms and standards for health policy and implementation;
    • adopted a new target to halve the health impacts of air pollution by 2040; 
    • adopted an innovative resolution to promote social connection with growing evidence linking it to improved health outcomes and reduced risk of early death; 
    • adopted a resolution for a lead-free future;
    • adopted a resolution to address rare diseases, protecting the over 300 million people globally who live with one of more than 7000 rare diseases;
    • agreed to expand the provisions of the International Code of Marketing of Breast-milk Substitutes to tackle the digital marketing of formula milk and baby foods; 
    • adopted a resolution to accelerate the eradication of Guinea worm disease.

    The Assembly adopted other resolutions on digital health, the health and care workforce, medical imaging, nursing and midwifery, sensory impairment, and skin diseases, among others. Two new official WHO health campaigns were established: World Cervical Cancer Elimination Day and World Prematurity Day.

    Strengthening health emergency preparedness and response

    The World Health Assembly also discussed WHO’s work in health emergencies. Over the last year, WHO responded internationally to 51 graded emergencies across 89 countries and territories, including global outbreaks of cholera and mpox – a public health emergency of international concern – as well as multiple humanitarian crises. Working with over 900 partners across 28 health clusters, WHO helped provide health assistance for 72 million people in humanitarian settings. Nearly 60% of new emergencies were climate-related, highlighting the growing health impacts of climate change.

    During the Assembly, Member States

    • considered matters pertaining to WHO’s work in health emergencies and commended the Organization’s leadership in this space;
    • noted the Director-General’s report on implementation of the health emergency prevention, preparedness, response and resilience (HEPR) framework and expressed their support for the strengthening of the global architecture;
    • considered the health needs of people in Ukraine and the occupied Palestinian territory;
    • noted the Director-General’s report on progress made in implementing the International Health Regulations (2005); and
    • approved a decision to strengthen the research base on public health and social measures to control outbreaks.

    MIL OSI United Nations News

  • MIL-OSI Security: NATO Secretary General welcomes Icelandic Prime Minister to NATO Headquarters

    Source: NATO

    NATO Secretary General Mark Rutte met Icelandic Prime Minister Kristrún Frostadóttir in Brussels on Wednesday (28 May 2025) to discuss Iceland’s contributions to the Alliance, support to Ukraine, and preparations for the NATO Summit in The Hague.

    “Iceland is one of NATO’s twelve founding members,” said the Secretary General. “For 76 years now, you have helped protect our peace, our security, and our core values: democracy, freedom, and the rule of law.”

    While Iceland does not have armed forces, the Secretary General highlighted the country’s important and growing role in NATO. Iceland operates key air defence and surveillance systems as part of NATO’s integrated Air and Missile Defence, provides host nation support and infrastructure for Allied air policing, and regularly hosts major exercises such as NATO´s premier anti-submarine warfare exercise, Dynamic Mongoose.

    “Iceland plays a unique and essential role in the High North,” said Mr Rutte, noting the importance of Iceland’s geostrategic location to better understand the evolving security environment in that area. He welcomed the Icelandic government’s decision to develop a new national security and defence policy, calling it a timely step to “further reinforce our resilience and readiness.”

    On the upcoming NATO Summit in The Hague, the Secretary General indicated it “will be an important moment to drive forward NATO’s efforts to become stronger, fairer, and more lethal”.

    Mr Rutte thanked Prime Minister Frostadóttir for Iceland’s continued support to Ukraine, from training military personnel and supporting demining efforts, to humanitarian support and weapons procurement. Iceland recently pledged an additional 14.4 million euros in defence support to Ukraine, alongside contributions to the “Grain from Ukraine” initiative and the donation of a mobile field hospital. Iceland also contributes personnel to NATO’s Security Assistance and Training for Ukraine command in Wiesbaden (NSATU).

    “I know that Iceland has a proud tradition as a peaceful nation – and that makes your contributions all the more meaningful,” Mr Rutte said. “Because to preserve peace, we need to shift to a wartime mindset.”

    MIL Security OSI

  • MIL-OSI: STEALTHGAS INC. Reports First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, May 28, 2025 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025.

    OPERATIONAL AND FINANCIAL HIGHLIGHTS

    • Strong profitability continued for the first quarter, with Net income of $14.1 million corresponding to a basic EPS of $0.38, similar to the previous quarter’s $14.2 million but reduced compared to the $17.7 million record at the time achieved in the first quarter of 2024.
    • Time Charter equivalent revenues decreased by 4.6% compared to the same period of last year to $36.9 million for the first quarter of 2025 as a result of a more muted market.
    • Preserved the high period coverage. About 70% of fleet days for 2025 are secured on period charters, with total fleet employment days for all subsequent periods generating over $165 million (excl. JV vessels) in contracted revenues.
    • Continued reducing leverage, making $34.4 million in debt repayments during the first quarter of 2025 and a further $19.2 million in the current quarter of 2025. Currently, all the vessels in the fully owned fleet except one are unencumbered.
    • Since the last quarterly announcement the Company has spent $1.8 million in share repurchases. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.
    • Maintaining ample cash and cash equivalents (incl. restricted cash) of $77.1 million as of March 31, 2025 enabling the Company to further reduce debt.

    First Quarter 2025 Results1:

    • Revenues for the three months ended March 31, 2025 amounted to $42.0 million compared to revenues of $41.6 million for the three months ended March 31, 2024, based on an average of 28.0 vessels and 27.0 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions.
    • Voyage expenses and vessels’ operating expenses for the three months ended March 31, 2025, were $5.1 million and $13.5 million, respectively, compared to $2.9 million and $11.5 million, respectively, for the three months ended March 31, 2024. The $2.2 million increase in voyage expenses was mainly due to an increase in port expenses and in bunkers costs as a result of the increase in spot market days for the fleet. The $2.0 million increase in vessels’ operating expenses was mainly due to increase in crew costs and maintenance expenses.
    • Drydocking costs for the three months ended March 31, 2025 and 2024 were $0.4 million and nil, respectively. Drydocking expenses during the first quarter of 2025 mainly relate to the commenced drydocking of one vessel, compared to no drydocking of vessels in the same period of last year.
    • General and administrative expenses remained stable at $2.2 million for both the three months ended March 31, 2025 and 2024.
    • Depreciation for the three months ended March 31, 2025 and 2024 was $6.7 million and $6.5 million, respectively, a $0.2 million increase is mainly related to the increase in average number of vessels owned by the Company and to the partial replacement of some of the older vessels with newer and larger ones which have a higher cost.
    • Impairment loss for the three months ended March 31, 2025 and 2024 was $0.5 million and nil, respectively. As a result of the agreed sale terms for the vessel Gas Cerberus, with delivery expected in the second quarter of 2025, a non-cash impairment loss of $0.5 million was recognized in the first quarter of 2025.
    • Interest and finance costs for the three months ended March 31, 2025 and 2024, were $1.4 million and $3.2 million, respectively. The $1.8 million decrease from the same period of last year is primarily due to continued debt prepayments.
    • Interest income for the three months ended March 31, 2025 and 2024, remained unchanged at $0.8 million.
    • Equity earnings in joint ventures for the three months ended March 31, 2025 and 2024 was a gain of $2.2 million and $2.6 million, respectively. The $0.4 million decrease was primarily due to decrease in number of vessels in joint ventures.
    • As a result of the above, for the three months ended March 31, 2025, the Company reported net income of $14.1 million, compared to net income of $17.7 million for the three months ended March 31, 2024. The weighted average number of shares outstanding, basic, for the three months ended March 31, 2025 and 2024 was 35.7 million and 35.1 million, respectively.
    • Earnings per share, basic, for the three months ended March 31, 2025 amounted to $0.38 compared to earnings per share, basic, of $0.49 for the same period of last year.
    • Adjusted net income was $16.1 million corresponding to an Adjusted EPS of $0.44 for the three months ended March 31, 2025 compared to Adjusted net income of $19.1 million corresponding to an Adjusted EPS of $0.53 for the same period of last year.
    • EBITDA for the three months ended March 31, 2025 amounted to $21.4 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
    • An average of 28.0 vessels were owned by the Company during the three months ended March 31, 2025 compared to 27.04 vessels for the same period of 2024.

    1 EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release.

    Fleet Update Since Previous Announcement

    The Company announced the conclusion of the following chartering arrangements (of three or more months duration):

    • A twelve months time charter for its 2016 built LPG carrier Eco Dominator, until Mar 2026.
    • A twelve months time charter extension for its 2016 built LPG carrier Eco Nical, until May 2026.
    • A six months time charter extension for the 2012 built LPG carrier Gas Esco, until Sep 2025.

    As of June 2025, the Company has total contracted revenues of approximately $165 million.

    As of June 2025, for the remainder of the year, the Company has circa 70% of fleet days secured under period contracts and contracted revenues of approximately $72 million.

    In April 2025, the Company entered into an agreement to sell the vessel Gas Cerberus to a third party, with delivery expected in the second quarter of 2025. The vessel is debt-free, and the full proceeds from the sale will contribute to the Company’s liquidity position.

    The Company has agreed in principle to purchase back from one of its joint venture partners the remaining share (49.9%) which it does not already own in the two vessels Eco Lucidity and Gas Haralambos. The transaction is subject to entry into definitive documentation and customary conditions and is expected to take place within June 2025. Following this transaction, these two vessels will be consolidated within the fully owned fleet of the Company and only one vessel will remain in a JV.

    Board Chairman Michael Jolliffe Commented

    The results that were announced today point to a strong start to the year and underpin our confidence in sustaining the momentum we have built over the last years, throughout 2025. It is no doubt a period of uncertainty and in such periods, among other things, there is reluctance by charterers to commit longer term. With the latest developments, we expect trade flows to normalize and sentiment to improve as the fundamentals of LPG shipping continue to be positive. In this volatile environment StealthGas remains steadfast in its strategy and has all but eliminated its financial risk, being net debt free after having made over $50 million in debt repayments during this year and having 27 out of 28 vessels unencumbered. At the same time in order to return value to our shareholders, we have begun buying back shares, spending $1.8 million in share repurchases since March. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.

    Conference Call details:

    On May 28, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

    Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

    https://register-conf.media-server.com/register/BI2ab472844539410f8650314c8df8fdaf

    Slides and audio webcast:
    There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

    About STEALTHGAS INC.

    StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 31 LPG carriers, including three Joint Venture vessels in the water. These LPG vessels have a total capacity of 349,170 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”
    Visit our website at www.stealthgas.com

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.

    Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.

    Fleet List
    For information on our fleet and further information:
    Visit our website at www.stealthgas.com

    Fleet Data:
    The following key indicators highlight the Company’s operating performance during the periods ended March 31, 2024 and 2025.

    FLEET DATA Q1 2024   Q1 2025  
    Average number of vessels (1) 27.04   28.00  
    Period end number of owned vessels in fleet 27   28  
    Total calendar days for fleet (2) 2,461   2,520  
    Total voyage days for fleet (3) 2,439   2,500  
    Fleet utilization (4) 99.1%   99.2%  
    Total charter days for fleet (5) 2,232   2,118  
    Total spot market days for fleet (6) 207   382  
    Fleet operational utilization (7) 97.7%   94.0%  
             

    1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
    2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days and is determined by dividing voyage days by fleet calendar days for the relevant period.
    5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
    6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
    7) Fleet operational utilization is the percentage of time that our vessels generated revenue and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

    Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

    Adjusted net income represents net income before loss/gain on derivatives excluding swap interest paid/received, impairment loss, net gain/loss on sale of vessels and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net gain/loss on sale of vessels, share based compensation and loss/gain on derivatives.

    Adjusted EPS represents Adjusted net income divided by the weighted average number of shares.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

    (Expressed in United States Dollars,
    except number of shares)
    Three Months Period Ended March 31st,
      2024  2025 
    Net Income – Adjusted Net Income    
    Net income 17,729,716   14,107,680  
    Less gain on derivatives (99,286 )  
    Plus swap interest received 208,127    
    Less gain on sale of vessels, net (46,384 )  
    Plus impairment loss   488,400  
    Plus share based compensation 1,345,409   1,540,402  
    Adjusted Net Income 19,137,582   16,136,482  
         
    Net income – EBITDA    
    Net income 17,729,716   14,107,680  
    Plus interest and finance costs 3,169,061   1,415,605  
    Less interest income (753,396 ) (752,471 )
    Plus depreciation 6,492,376   6,653,460  
    EBITDA 26,637,757   21,424,274  
         

    Net income – Adjusted EBITDA

       
    Net income 17,729,716   14,107,680  
    Less gain on derivatives (99,286 )  
    Less gain on sale of vessels, net (46,384 )  
    Plus impairment loss   488,400  
    Plus share based compensation 1,345,409   1,540,402  
    Plus interest and finance costs 3,169,061   1,415,605  
    Less interest income (753,396 ) (752,471 )
    Plus depreciation 6,492,376   6,653,460  
    Adjusted EBITDA 27,837,496   23,453,076  
         
    EPS – Adjusted EPS    
    Net income 17,729,716   14,107,680  
    Adjusted net income 19,137,582   16,136,482  
    Weighted average number of shares, basic 35,119,500   35,725,720  
    EPS – Basic 0.49   0.38  
    Adjusted EPS – Basic 0.53   0.44  
             

    StealthGas Inc.
    Unaudited Condensed Consolidated Statements of Income
    (Expressed in United States Dollars, except for number of shares)

        Three Months Period Ended March 31,
        2024  2025 
         
    Revenues    
      Revenues 41,563,908     42,025,987  
           
    Expenses    
      Voyage expenses 2,345,200     4,573,956  
      Voyage expenses – related party 513,247     518,440  
      Vessels’ operating expenses 11,235,359     13,282,235  
      Vessels’ operating expenses – related party 241,500     228,200  
      Drydocking costs     412,620  
      Management fees – related party 1,053,719     1,080,001  
      General and administrative expenses 2,213,853     2,165,709  
      Depreciation 6,492,376     6,653,460  
      Impairment loss     488,400  
      Net gain on sale of vessels (46,384 )    
    Total expenses 24,048,870     29,403,021  
           
    Income from operations 17,515,038     12,622,966  
           
    Other (expenses)/income    
      Interest and finance costs (3,169,061 )   (1,415,605 )
      (Loss)/gain on derivatives 99,286      
      Interest income 753,396     752,471  
      Foreign exchange (loss)/gain (49,044 )   (26,484 )
    Other expenses, net (2,365,423 )   (689,618 )
           
    Income before equity in earnings of investees 15,149,615     11,933,348  
    Equity earnings in joint ventures 2,580,101     2,174,332  
    Net Income 17,729,716     14,107,680  
           
    Earnings per share    
    – Basic 0.49     0.38  
    – Diluted 0.49     0.39  
           
    Weighted average number of shares    
    – Basic 35,119,500     35,725,720  
    – Diluted 35,247,529     35,764,990  
               

    StealthGas Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (Expressed in United States Dollars)

        December 31, March 31,
        2024 2025 
           
    Assets    
    Current assets    
      Cash and cash equivalents 80,653,398 74,392,306  
      Trade and other receivables 6,156,300 7,253,738  
      Other current assets 193,265 422,168  
      Claims receivable 55,475 55,475  
      Inventories 3,891,147 3,198,028  
      Advances and prepayments 733,212 549,263  
      Fair value of derivatives 387,608 280,577  
    Total current assets 92,070,405 86,151,555  
           
    Non current assets    
      Operating lease right-of-use assets 202,362  
      Vessels, net 608,214,416 601,072,556  
      Other receivables 370,053 237,561  
      Restricted cash 3,867,752 2,734,442  
      Investments in joint ventures 27,717,238 27,257,570  
    Total non current assets 640,169,459 631,504,491  
    Total assets 732,239,864 717,656,046  
           
    Liabilities and Stockholders’ Equity    
    Current liabilities    
      Payable to related parties 388,130 3,039,119  
      Trade accounts payable 10,994,434 10,485,931  
      Accrued liabilities 4,922,587 5,119,206  
      Operating lease liabilities 120,938  
      Deferred income 4,304,667 5,882,276  
      Current portion of long-term debt 23,333,814 20,722,094  
    Total current liabilities 43,943,632 45,369,564  
           
    Non current liabilities    
      Operating lease liabilities 81,424  
      Deferred income 213,563 586,577  
      Long-term debt 61,555,855 30,251,709  
    Total non current liabilities 61,769,418 30,919,710  
    Total liabilities 105,713,050 76,289,274  
           
    Commitments and contingencies    
           
    Stockholders’ equity    
      Capital stock 370,414 371,664  
      Treasury stock (1,057,343 )
      Additional paid-in capital 409,912,934 411,808,336  
      Retained earnings 215,855,858 229,963,538  
      Accumulated other comprehensive income 387,608 280,577  
    Total stockholders’ equity 626,526,814 641,366,772  
    Total liabilities and stockholders’ equity 732,239,864 717,656,046  


    StealthGas Inc.

    Unaudited Condensed Consolidated Statements of Cash Flows
    (Expressed in United States Dollars)

        Three Months Period Ended March 31,
        2024   2025  
         
    Cash flows from operating activities    
      Net income for the period 17,729,716   14,107,680  
           
    Adjustments to reconcile net income to net cash    
    provided by operating activities:    
      Depreciation 6,492,376   6,653,460  
      Amortization of deferred finance charges 258,295   508,464  
      Amortization of operating lease right-of-use assets 24,745   29,194  
      Share based compensation 1,345,409   1,540,402  
      Change in fair value of derivatives 108,840    
      Proceeds from disposal of interest rate swaps 1,018,000    
      Equity earnings in joint ventures (2,580,101 ) (2,174,332 )
      Dividends received from joint ventures   2,634,000  
      Impairment loss   488,400  
      Gain on sale of vessels (46,384 )  
    Changes in operating assets and liabilities:    
      (Increase)/decrease in    
      Trade and other receivables (35,143 ) (964,946 )
      Other current assets 129,193   (228,903 )
      Inventories 353,756   693,119  
      Changes in operating lease liabilities (24,745 ) (29,194 )
      Advances and prepayments (159,743 ) 183,949  
      Increase/(decrease) in    
      Balances with related parties (1,390,625 ) 2,650,989  
      Trade accounts payable (475,368 ) (508,503 )
      Accrued liabilities 240,202   196,619  
      Deferred income 688,600   1,950,623  
    Net cash provided by operating activities 23,677,023   27,731,021  
           
    Cash flows from investing activities    
      Proceeds from sale of vessels, net 34,679,584    
      Acquisition and improvements of vessels (96,413,470 )  
      Advances to joint ventures (1,705 )  
    Net cash used in investing activities (61,735,591 )  
           
    Cash flows from financing activities    
      Proceeds from exercise of stock options 356,250   356,250  
      Stock repurchase (338,176 ) (1,057,343 )
      Deferred finance charges paid (22,167 )  
      Advances to joint ventures (11,848 )  
      Loan repayments (32,045,235 ) (34,424,330 )
      Proceeds from long-term debt 70,000,000    
    Net cash provided by/(used in) financing activities 37,938,824   (35,125,423 )
           
    Net decrease in cash, cash equivalents and restricted cash (119,744 ) (7,394,402 )
    Cash, cash equivalents and restricted cash at beginning of period 83,755,701   84,521,150  
    Cash, cash equivalents and restricted cash at end of period 83,635,957   77,126,748  
    Cash breakdown    
      Cash and cash equivalents 77,085,417   74,392,306  
      Restricted cash, current    
      Restricted cash, non current 6,550,540   2,734,442  
    Total cash, cash equivalents and restricted cash shown in the statements of cash flows 83,635,957   77,126,748  

    The MIL Network

  • MIL-OSI Global: Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis

    Source: The Conversation – USA – By Sean Campbell, Investigative Journalist, The Conversation

    The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

    Four helicopters carrying an arrest team whirled over the mountains near Mexico’s southwestern coast toward Cervantes’ compound in the town of Villa Purificación, the heart of the infamous Jalisco Nueva Generación cartel.

    As the lead helicopter pulled within range, bullets from a truck-mounted, military-grade machine gun on the ground struck the engine. Before it reached the ground, the massive helicopter was hit by a pair of rocket-powered grenades.

    This .50-caliber cartridge was found stuck in the truck-mounted Browning M2HB machine gun that the Jalisco Nueva Generación cartel used to damage a Mexican Security Forces Super Cougar helicopter.
    ATF

    Four soldiers from Mexico’s Secretariat of National Defense were killed in the crash. Three more soldiers were killed in the firefight that followed, and another 12 were injured.

    The engagement was the first known incident of a cartel shooting down a military aircraft in Mexico. The cartel’s retaliation for the attempted arrest was swift and brutal. It set fire to trucks, buses, banks, gasoline stations and businesses. The distractions worked. Cervantes, also known as “El Mencho,” escaped.

    The Browning machine gun that took down the helicopter was traced to a legal firearm purchase in Oregon made by a U.S. citizen. And a Barrett .50-caliber rifle used in the ambush was traced to a sale in a U.S. gun shop in Texas 4½ years before.

    Many military-grade weapons like these are trafficked into Mexico from the U.S. each year, aided by loose standards for firearm dealers and gun laws that favor illicit sales.

    We – a professor of economic development who has been tracking gun trafficking for more than 10 years, and an investigative journalist – spent a year sifting through documents to find the number, origins and characteristics of weapons flowing from the U.S. to Mexico.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives – the agency known as ATF tasked with regulating the industry – publishes the number of U.S. guns seized in Mexico and traced back to U.S. dealers, but it doesn’t provide an official trafficking estimate. The 2003 Tiahrt Amendments bar the ATF from creating a database of firearm sales and prohibit federal agencies from sharing detailed trace data outside of law enforcement.

    To estimate weapons flow, we gathered trafficking estimates, including leaked data, previous research, firearm manufacturing totals and the ATF trace data.

    The model we generated gave us a conservative middle estimate: About 135,000 firearms were trafficked across the border in 2022. In contrast, Ukraine, engaged in a war with Russia, received 40,000 small arms from the United States between January 2020 and April 2024 – an average of 9,000 per year.

    Our analysis also found:

    • This flow of weapons is connected to the drug trade in the U.S. and enables increased gang violence in Mexico, causing more people to flee across the border.

    • An increase in guns trafficked to Mexico from the U.S. relates to an increase in Mexico’s homicide rate.

    • More of the most destructive weapons come from independent gun dealers versus large chain stores – 16 times as many assault-style weapons and 60 times as many sniper rifles.

    • The trafficking flow drives an arms race between criminals and Mexican law enforcement; the U.S. gun industry profits on sales to both.

    • ATF oversight of dealers reduces the likelihood their guns are resold on the illicit market.

    Following the flow

    Since 2008, the U.S. has spent more than US$3 billion to help stabilize Mexico through the rule of law and stem its surges of extreme violence, much of it committed with U.S. firearms. Many programs are funded through the U.S. State Department, which is facing budget cuts, and the U.S. Agency for International Development, which has sustained deep cuts.

    Meanwhile, the gun industry and its supporters have undercut these efforts by fighting measures to regulate gun sales.

    From 2015-2023, 185,000 guns linked to crimes in Mexico were sent to the ATF to be traced – the process of using a firearm’s serial number and other characteristics to identify the trail of gun ownership. About 125,000 of those weapons have been traced back to the U.S.

    Our analyses show that U.S.-Mexico firearms trafficking has dire implications for ordinary Mexicans – and that U.S. regulatory actions can have an enormous impact. This adds to a growing body of research tying U.S.-sold guns to Mexico-based gangs and cartels, illegal drug trafficking, homicide rates, corruption of Mexican officials, illicit financial transactions and migration trends.

    Oregon guns tied to cartel

    The Jalisco Nueva Generación cartel is poised to be the biggest player in the drug cartel game. El Mencho, still at large, is one of the most powerful people directing the flow of heroin, fentanyl and methamphetamines into the United States, while orchestrating campaigns of fear, intimidation and displacement in Mexico.

    The Browning .50-caliber rifle that aided El Mencho’s evasion in 2015 was manufactured by a company based in Morgan, Utah, and legally sold to Erik Flores Elortegui, a U.S. citizen.

    Elortegui fled the country after he was indicted in Oregon for smuggling guns into Mexico and is now at the top of the ATF’s most wanted list. He wasn’t alone in his gunrunning schemes. According to a grand jury indictment, Elortegui purchased 20 firearms through an accomplice, Robert Allen Cummins, in 2013 and 2014. Cummins was straw purchasing – buying weapons under his name for Elortegui.

    Two of the .50-caliber weapons that Cummins purchased for Elortegui – the long rifles on the right – were among those later recovered from a tractor trailer in Sonora, Mexico. USA v. Robert Allen Cummins.
    USA v. Robert Allen Cummins

    Before she gave Cummins a 40-month prison sentence in 2017, Judge Ann Aiken admonished him for the pain and suffering his weapons were likely going to cause. She told him to read “Dreamland,” which chronicles America’s opioid crisis and its connection to Mexican drug cartels.

    Guns and violence

    In 2021 the ATF teamed up with academics to produce the National Firearms Commerce and Trafficking Assessment. It showed that the share of firearms trafficked to Mexico, already the top market for illegal U.S.-to-foreign gun transfer, increased by 20% from 2017 to 2021.

    Gun sales are strictly regulated within Mexico. But homicides have risen to disturbing heights – three times that of the U.S. – since the lapse of the U.S. assault weapons ban in 2004. Research suggests the two are linked.

    After their mother was killed by organized crime five years ago, Emylce Ines Espinoza-Alarcon’s sister’s family migrated to the States, she said.

    Espinoza-Alarcon, her children and other relatives were more recently driven from their homes by violence. “As a parent, you try to flee to a different place where they might be safe,” Espinoza-Alarcon said. She said she believes American weapons are to blame, but there “is nowhere else for us to go.”

    Emylce Ines Espinoza-Alarcon holds her toddler as she listens while her aunt, Alicia Zomora-Guevara, front, describes the cartel attack on her town that forced their families into exile. Zomora-Guevara’s son, Kevin Jait Alarcon-Zamora, stands to the right, and Espinoza-Alarcon’s son and teenage daughter sit on the Mexico City hotel room bed in front of her.
    Sean Campbell, CC BY-ND

    A 2023 survey found that 88% of the 180,000 Mexican migrants to the U.S. that year were fleeing violence – a flip from 2017 when most were coming for economic opportunity.

    The ATF’s enforcement

    ATF inspections keep illicit guns in check, our analysis shows.

    The agency’s primary enforcement tools are inspections, violations reports, warning letters and meetings, and, when inspectors find violations that are reckless or willfully endanger the public, revocation notices.

    But the bureau’s 2025 congressional budget request points out that it would need 1,509 field investigators to reach its goal of inspecting each dealer at least once every three years.

    The ATF is “focusing on identifying and addressing willful violations,” a spokesperson wrote in a November 2024 email, referring to the zero-tolerance revocation policy the Biden administration put in place in 2021 that dramatically increased the number of revocations.

    Meanwhile, the ATF announced in April 2025 that it was repealing the revocation policy and reviewing recent rules, including one that clarifies when a gun is a rifle. The webpage listing revocations, including detailed reports, was also removed from the ATF site.

    This is a condensed version. To learn more about the connections between U.S. gun sales, U.S. regulations, Mexican drug cartels and migration, read the full investigation

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis – https://theconversation.com/guns-bought-in-the-us-and-trafficked-to-mexican-drug-cartels-fuel-violence-in-mexico-and-the-migration-crisis-256070

    MIL OSI – Global Reports

  • MIL-OSI Russia: The next round of direct negotiations between Russia and Ukraine will be announced soon – S. Lavrov

    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

    Moscow, May 28 (Xinhua) — Speaking at the 13th International Meeting of High Representatives Responsible for Security Issues on Wednesday, Russian Foreign Minister Sergei Lavrov said that the next round of direct talks between Russia and Ukraine will be announced soon.

    According to him, in the new round of negotiations with Ukraine, the Russian side will continue to insist that Ukraine repeal discriminatory laws.

    “At these negotiations, on May 16 in Istanbul, we insisted on the abolition of these discriminatory laws, and we will continue to do so at the next round of direct negotiations, which we will announce in the very near future,” said S. Lavrov.

    In his opinion, peace negotiations are better than war, but in order to successfully end the conflict in Ukraine, its root causes must be eliminated.

    He also noted that one of Russia’s key demands is the return of Ukraine to a neutral, non-aligned and non-nuclear status.

    “Let me remind you that the neutral, non-aligned and non-nuclear status of Ukraine was solemnly proclaimed in the declaration of independence of this country, adopted in 1991,” said S. Lavrov. –0–

    MIL OSI Russia News

  • MIL-OSI Europe: Answer to a written question – Summit on Ukraine and Security in Europe – the Commission’s mandate – E-000729/2025(ASW)

    Source: European Parliament

    The discussions at the Summit in Paris on 17 February 2025 covered Europe’s defence and security, including the need to strengthen the European defence technological and industrial base. In addition, participants emphasised the need to step up the overall support to Ukraine, and to maintain economic pressure on Russia, including through sanctions.

    The President of the Commission is responsible for ensuring the external representation of the EU when matters fall outside the scope of the common foreign and security policy and relate to other EU policy fields[1].

    The President of the Commission is therefore responsible for ensuring the external representation of the EU with regards to various work strands of support to Ukraine, including, among others, financial assistance and humanitarian support. Furthermore, matters related to the EU’s defence industry also fall within the scope of competences of the Commission, which plays a crucial role in assisting Member States to boost their defence industries — a prerequisite for any militarily capable and well-equipped Europe.

    The invitation to participate underscores the Commission’s distinct and important role in these discussions.

    • [1] Article 17(1) of the Treaty on European Union , https://eur-lex.europa.eu/eli/treaty/teu_2012/oj/eng.
    Last updated: 28 May 2025

    MIL OSI Europe News