Business news from Ukraine

Business news from Ukraine

Venezuela has declared military aggression by United States

Venezuela has declared military aggression by the United States and imposed a state of emergency. The statement was published by Venezuelan Foreign Minister Ivan Gil Pinto.

“The Republic of Venezuela rejects, condemns, and denounces before the international community the extremely serious military aggression committed by the current government of the United States of America against the territory and population of Venezuela in the civilian and military areas of Caracas, the capital of the Republic, and the states of Miranda, Aragua, and La Guaira,“ according to a statement released on Pinto’s Telegram channel on Saturday.

The statement said that the US actions are ”a gross violation of the UN Charter” and threaten peace and stability in Latin America and the Caribbean.

The Venezuelan authorities claim that the real goal of the attack is to establish control over the country’s strategic resources, in particular oil and minerals, as well as an attempt at forced “regime change.” The government stressed that these attempts “will fail,” as before.

Venezuelan President Nicolas Maduro announced the imposition of a “state of external emergency” throughout the country and ordered the implementation of national defense plans. He also ordered the deployment of the State Integrated Defense Command and relevant management bodies in all states and municipalities.

Pinto said that Venezuela would file complaints with the UN Security Council, the UN Secretary-General, and regional international organizations, demanding condemnation of the US actions. The country’s authorities stressed that they reserve the right to self-defense in accordance with Article 51 of the UN Charter.

There have been no official comments from the US government on these allegations yet.
As reported, on the night of January 3, at least seven explosions were heard in Caracas, Venezuela. Eyewitnesses also said they saw planes flying low over the city. CBS News journalist Jennifer

Jacobs, citing sources, said that Donald Trump ordered attacks on targets in Venezuela as part of an intensified campaign against the regime of President Nicolas Maduro.

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China imposes sanctions on 20 US defense companies over Taiwan

The Chinese Foreign Ministry announced sanctions against 10 individuals and 20 US defense companies in response to the latest US arms deliveries to Taiwan. This was stated in a statement by the Chinese Foreign Ministry, released on Friday and quoted by Reuters.

The restrictions apply, in particular, to Boeing in St. Louis, as well as a number of other US defense contractors. The sanctions include freezing any assets of companies and individuals in China and prohibiting Chinese legal entities and individuals from doing business with them. In addition, executives on the sanctions list are barred from entering mainland China, as well as Hong Kong and Macau.

Beijing linked the decision to Washington’s approval of a large package of arms supplies to Taiwan worth more than $10 billion, including HIMARS multiple launch rocket systems, artillery, and other types of weapons to strengthen the island’s defenses.

The Chinese authorities have stated that they consider US arms supplies to be interference in the internal affairs of the PRC and a violation of the “one China” principle, promising to continue to take “decisive measures” in response to the arming of Taiwan.

The Experts Club think tank previously compared the military capabilities of China and Taiwan. For more details, see https://www.youtube.com/shorts/kFdxOOC4_Ss

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US has postponed introduction of tariffs on chip imports from China

The US will impose tariffs on chip imports from China in connection with Beijing’s “unreasonable” attempts to secure dominance in the semiconductor industry, the administration of US President Donald Trump has announced. The size of the tariffs will be announced at least 30 days before their introduction, which has been postponed until June 2027.

“China’s focus on dominating the semiconductor industry is unreasonable and burdens or restricts US trade, and therefore warrants action,” said US Trade Representative Jamison Greer in a statement.

The US authorities have been investigating Chinese chip imports for unfair trade practices throughout the year and have concluded that China has been engaging in such practices.

Beijing could use its control over the global semiconductor industry to exert economic pressure on other countries, the trade representative’s release said.

In response, the Chinese Foreign Ministry criticized the US for abusing tariffs and suppressing sectors of the Chinese economy.

Ministry spokesman Lin Jian said that the American approach harms not only global supply chains, but also Americans themselves.

“If the US continues to do things its own way, China will resolutely take appropriate measures to protect its legitimate rights and interests,” the Financial Times quoted him as saying.

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US is boycotting G20 summit in South Africa

US President Donald Trump has said that representatives of his administration will not participate in the G20 summit, which will take place on November 22-23, 2025, in Johannesburg, citing “violations of the rights” of white South Africans. He announced this on the social network Truth Social, and his position has been reported by leading publications.

According to Trump, holding G20 meetings in South Africa is a “disgrace,” and the country’s authorities allow the murder and illegal seizure of land from Afrikaners. The South African side called such statements unfounded and “regretted” the US decision.
South Africa will chair the G20 in 2025, with a leadership meeting scheduled for November 22-23 in Johannesburg.

The Trump administration has previously signaled a tough stance on South Africa, including public statements on the situation surrounding white farmers, which have been criticized by the expert community and South African officials.

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Finland allocates €100 mln for weapons for Ukraine from US

The Finnish government has decided to allocate €100 million for the purchase of weapons from the US for transfer to Ukraine, Prime Minister Petteri Orpo announced on Thursday.

“On Thursday, the government decided to allocate €100 million to support Ukraine by purchasing weapons from the US. This is a NATO-coordinated support package called PURL. Finland is participating in a joint support package for the Baltic and Northern European countries, which is planned to be delivered to Ukraine in the near future,” the Finnish prime minister said, as quoted by the Helsingin Sanomat newspaper.

“The situation in Ukraine is critical. Yes, we must participate. We cannot stand aside when all the countries of Northern Europe and the Baltic States are involved,” he stressed.

According to Orpo, the funding will be provided through external borrowing and Finland’s budget will not be revised, “even though it will increase the debt.”

The initiative to finance the purchase of American weapons for Ukraine came after the US administration refused to continue supplying weapons to Kyiv free of charge. In August, four packages of American weapons were prepared for a total amount of about $2 billion. The financing was provided by Germany, Denmark, Canada, the Netherlands, Norway, and Sweden.

On August 15, at a meeting of NATO defense ministers in Brussels, Estonia, Latvia, Lithuania, Belgium, Luxembourg, Finland, and Iceland announced their decision to join the program. In October, Spain also announced its participation.

 

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US and Australia have signed agreement on joint projects for extraction of rare earth metals

US President Donald Trump and Australian Prime Minister Anthony Albanese signed an agreement on Monday on joint projects for the extraction of rare earth metals.

“Over the next six months, the US and Australia will jointly invest more than $3 billion in projects involving critical metals, with the value of the resources that can be extracted estimated at $53 billion,” according to a White House press release.

It does not specify where exactly the extraction is planned to take place.

In addition, the Pentagon plans to invest in the construction of a gallium processing plant in Western Australia with a capacity of 100 tons per year, the US administration noted.

Earlier, the Experts Club information and analytical center analyzed the global market for rare earth metals in the world and Ukraine. The video is available here: https://youtu.be/UHeBfpywpQc?si=0L-2nSUrLlIbqVZ5?si=Fk6Oi_13NKpEW81K

 

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