Connect with us

Headline

Russia May Cut Oil Output After Price Cap

Published

on

Moscow could cut oil production by up to seven percent in early 2023 following an oil price cap agreed upon by Western countries, a Russian deputy prime minister said Friday.

At the start of next year, we could make a reduction of 500,000-700,000 barrels per day. For us, that’s around 5-7 percent,” Alexander Novak, who is in charge of Moscow’s energy policy, said according to Russian news agencies.

Advertisement

He said Russia will not supply oil to countries that are enforcing a price cap — a part of punitive measures on Moscow following its offensive in Ukraine.

READ ALSO: Moscow Blames Ukraine For Blasts On Russian Airfields

The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia’s revenue while making sure Moscow keeps supplying the global market.

Advertisement

Introduced alongside an EU embargo on seaborne deliveries of Russian crude oil, the cap aims to ensure Russia cannot bypass the embargo by selling its oil to third countries at high prices.

Russia has said the cap will not affect the Ukraine offensive and expressed confidence it would find new buyers.
AFP

 

Advertisement

Headline

Published

on

American-Jamaican singer Sean Kingston has been sentenced to three and a half years in prison for his role in a $1 million fraud scheme involving luxury goods.

Kingston, born Kisean Paul Anderson, was convicted in March alongside his mother, Janice Eleanor Turner, on charges of conspiracy to commit wire fraud and four counts of wire fraud. Turner, sentenced last month, received five years in prison.

Advertisement

Prosecutors said Kingston used his celebrity status to fraudulently obtain expensive items, including a bulletproof Cadillac Escalade, luxury watches, and a 19-foot LED television.

READ ALSO:Promotion: Policewomen Demand Apology From Sowore Over Gender Bias Comments

Court documents revealed he presented falsified wire transfer receipts and enticed sellers with promises of social media promotion in exchange for the goods.

Advertisement

U.S. District Judge David Leibowitz ordered his immediate remand after Friday’s sentencing in a South Florida courtroom, rejecting a request by Kingston’s lawyer for a delayed surrender due to health concerns.

Assistant U.S. Attorney Marc Anton described the singer as a “thief and a conman,” accusing him of exploiting his fame to defraud victims for years.

READ ALSO:Court Sentences Two Suspects To 30 Years In Prison For Kidnapping In Ekiti

Advertisement

His defence lawyer, Zeljka Bozanic, countered that Kingston, 35, had poor financial discipline but had begun repaying victims.

Kingston and his mother were arrested in May 2024 after a SWAT raid on his rented mansion in Fort Lauderdale.

The singer, who was born in Florida and raised in Jamaica, shot to fame at 17 with his 2007 global hit Beautiful Girls.

Advertisement

Continue Reading

Headline

Russia Hits Ukraine With 85 Drones, One Missile

Published

on

Russia launched 85 attack drones and a ballistic missile at Ukraine overnight, Kyiv said Saturday, hours after Russian leader Vladimir Putin and US President Donald Trump held their Alaska talks.

The highly anticipated meeting in the remote US state ended with no breakthrough in halting Russia’s more than three-year-long Ukraine invasion.

Advertisement

Ukraine’s air force said Moscow had “attacked with an Iskander-M ballistic missile and 85 Shahed-type” drones, while also attacking “frontline areas” in four regions.

READ ALSO:Russia, Ukraine War: Trump Rules Out Immediate Ceasefire, Pushes For Peace Deal

In its daily report, the air force said the attacks took place “on the night of August 16” and started in the evening of August 15 — when Putin and Trump held their negotiations.

Advertisement

Kyiv said its air defences shot down 61 of the drones.

The Trump-Putin summit ended with no ceasefire announcement, despite the West pressing the Kremlin for months to commit to a halt in fighting.

Ukraine’s leader, Volodymyr Zelensky, has not yet publicly reacted to the talks.

Advertisement

Russia’s invasion of Ukraine, launched by Putin in February 2022, has killed thousands.

AFP

Advertisement
Continue Reading

Headline

Trump, Putin Make No Breakthrough On Ukraine Deal, End Summit

Published

on

Donald Trump and Vladimir Putin made no breakthrough on Ukraine at their high-stakes summit on Friday, pointing to areas of agreement and rekindling a friendship but offering no news on a ceasefire.

After an abrupt ending to three hours of talks with aides, Trump and Putin offered warm words but took no questions from reporters, highly unusual for the media-savvy US president.

Advertisement

We’re not there yet, but we’ve made progress. There’s no deal until there’s a deal,” Trump said.

He called the meeting “extremely productive” with “many points” agreed, although he did not offer specifics.

There are just a very few that are left; some are not that significant, one is probably the most significant,” Trump said without elaborating.

Advertisement

READ ALSO:France’s Top Court Annuls Arrest Warrant Against Syria’s Ex-president al-Assad

Putin also spoke in general terms of cooperation in a joint press appearance that lasted just 12 minutes.

“We hope that the understanding we have reached will… pave the way for peace in Ukraine,” Putin said.

Advertisement

As Trump mused about a second meeting, Putin smiled and said in English: “Next time in Moscow.”

The former KGB agent quickly tried to flatter Trump, who has voiced admiration for the Russian leader in the past.

Putin told Trump he agreed with him that the Ukraine war, which Putin ordered, would not have happened if Trump were president instead of Joe Biden.

Advertisement

READ ALSO:Anxiety As Trump Deploys US Nuclear Submarines Near Russia After ex-President’s Comment

Trump, for his part, again complained of a “hoax” that Russia intervened to help him in the 2016 election, a finding backed by US intelligence.

Before the summit, Trump had warned of “severe consequences” if Russia did not accept a ceasefire.

Advertisement

But when asked about those consequences during a Fox News interview with Sean Hannity after the talks, Trump said that “because of what happened today, I think I don’t have to think about that now.”

The friendly reception contrasted with Trump’s berating of Ukrainian President Volodymyr Zelensky when he met him at the White House in February.

Trump earlier said he sought a three-way meeting with Zelensky but did not announce one at the summit.

Advertisement

READ ALSO:Iran Dismisses Trump’s Allegation Of Influencing Gaza Truce Talks

Trump said he would now consult Zelensky as well as NATO leaders, who have voiced unease about the US leader’s outreach to Putin.

Now it’s really up to President Zelensky to get it done,” Trump said in the Fox News interview after the summit.

Advertisement

Putin warned Ukraine and European countries to “not create any obstacles” and not “make attempts to disrupt this emerging progress through provocation or behind-the-scenes intrigues.”

Trump invited Putin just a week ago and ensured there was some carefully choreographed drama for their first in-person meeting since 2019.

The two leaders arrived in their respective presidential jets and descended on the tarmac of an air base, with Trump clapping as Putin appeared.

Advertisement

READ ALSO:Trump Says Hamas Doesn’t Want A Deal, ‘Want To Die’

US military might was on display with a B-2 stealth bomber flying overhead, as a reporter shouted audibly to Putin, “Will you stop killing civilians?”

Putin, undaunted, grinned widely as Trump took the unusual step of escorting him into “The Beast,” the secure US presidential limousine, before a meeting in a room before a screen that said, in English only, “Pursuing Peace.”

Advertisement

Putin smiled and joked with Russian reporters on the visit, a landmark for a leader who is facing an arrest warrant by the International Criminal Court related to the Ukraine war, which has killed tens of thousands of people.

Russia, in recent days, has made battlefield gains that could strengthen Putin’s hand in any ceasefire negotiations, although Ukraine announced, as Putin was flying in, that it had retaken several villages.

READ ALSO:US Appeal Court Rules Against Trump Birthright Citizenship Order

Advertisement

Trump had insisted he would be firm with Putin, after coming under heated criticism for appearing cowed during a 2018 summit in Helsinki.

While he was travelling to Alaska, the White House announced that Trump had scrapped a plan to see Putin alone, and he instead held the talks alongside Secretary of State Marco Rubio and his roving envoy Steve Witkoff.

Zelensky was not included and has refused pressure from Trump to surrender territory seized by Russia.

Advertisement

It is time to end the war, and the necessary steps must be taken by Russia. We are counting on America,” Zelensky said in a social media post.

Advertisement
Continue Reading

Trending