India has begun receiving Russian S-400 Triumf missile systems ignoring the threat of what many see as an impotent US. with sanction threats. India sees them as a boost to New Delhi’s air defense capabilities with the threats along the borders with China and Pakistan. Significantly the delivery is happening ahead of Russian President Vladimir Putin’s visit to India for an annual summit with India’s Prime Minister Narendra Modi next month. Source: NikkeiAsia From The TradersCommunity News Desk
Iran is anticipating massive demand for its copper from Turkey in the coming years and is investing $1bn to expand copper production. Iran is opening one of the largest aluminum smelters in the Middle East with over $1bn in investment.
Since the US re-established economic sanctions on Iran the country has been weathering the impact sanctions. Iran has maintained oil exports to China, Syria and India. Recent military and social accomplishments have emboldened officials.
The global anti-money laundering watchdog Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to comply with stricter money laundering financial standards.
Iran’s energy sector is on high alert to the threat of “physical and cyber” attacks Iranian oil minister Bijan Namdar Zanganeh said on Sunday.Iran continues to deny any link to the attacks on the Saudi Aramco facility two weeks ago,
With world leaders heading to Japan and an OPEC meeting next week the WSJ reports Iran warned Thursday that if the 2015 nuclear agreement unravels, it would follow North Korea and quit a treaty aimed at stopping the spread of nuclear weapons.
Oil prices have risen since the December lows on hopes the Russians cut production,despite Russia at new production highs and despite promises in the past. Sanctions are biting and even official unemployment rates are rising, Russia needs income to sate it’s huge poor population.
The CFO of Chinese telecommunications giant Huawei Technologies Meng Wanzhou has been arrested by Canadian authorities with an extradition request from the U.S. over Iran sanctions violations. Meng is also daughter of company founder Ren Zhengfei.
Tensions have risen between the Ukraine and Russia after the Russians seized Ukrainian naval boats in what Oleksandr Turchynov, the Ukrainian Secretary of their Security and Defence Council called the action an act of war. Ukraine to vote on declaring marital law.
Investment in Russia’s oil and gas upstream needed for expanding the country’s oil and gas production capacity has fallen behind as U.S. led sanctions bite Sigal Mandelker, under secretary for terrorism and financial intelligence said in prepared testimony.