International

Blinken asks China not to “help” Russia with the supply of Defense components

The US Secretary of State, Antony Blinken, asked Beijing this Friday not to “help Russia” and not to provide it with components that could be used in its war against Ukraine.

“I have made it clear in the meetings that China cannot help Russia by providing electronic, mechanical, electromechanical components and other types of Defense technology,” Blinken said at a press conference at the end of his visit to the Asian country, during which he met today with his counterpart, Wang Yi, and with the country’s president, Xi Jinping.

The diplomat told Russia “it will be difficult for him to maintain his military effort without the help of China and did not rule out with sanctions Chinese companies that provide equipment to Moscow.

Since the outset of the war in Ukraine, China has maintained an ambiguous position within which it has asked for respect for “the territorial integrity of all countries,” including Ukraine, and attention to the “legitimate concerns of all countries,” in reference to Russia.

Likewise, Beijing has denied that it has sold weapons to Russia and assures that it maintains a “normal” trade relationship with Moscow.

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However, US officials have warned in recent weeks that Chinese companies are helping the Russian arms industry by selling equipment that could be used for the production of ballistic missiles.

“It’s about defending the security of Ukraine but also that of the whole of Europe,” Blinken said when referring to this issue, which threatens to tarnish relations between Washington and Beijing despite the fact that, according to the American, “relations have made progress in recent months.”

Thus, Blinken welcomed the re-establishment of communications between the military or in the fight against narcotics, and indicated that, in their meetings with Wang, both bet on “strengthening the lines of communication” to “address differences responsibly and thus avoid misperceptions or miscalculation.”

The American diplomat also pointed out that both countries will hold their first talks on Artificial Intelligence in the coming weeks “because of the security risks it entails” and that the two countries are willing to increase exchanges “to improve understanding.”

Blinken also referred to the South China Sea, and assured that the United States has to “guarantee freedom of navigation,” something that “is not only critical for countries such as the Philippines but for any other nation in the Pacific and the world.”

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“We have shown our concern about China’s maneuvers in that sea. The United States seeks a de-escalation, but will maintain its security commitments,” he said in reference to the mutual defense treaty between Washington and Manila.

Blinken also said that he transferred Wang Yi that he hopes that China can “use its influence” in countries such as Iran or North Korea so that they show a willingness to dialogue on regional issues.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.