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EU envoys near agreement on lower Russian oil price cap

EU envoys near agreement on lower Russian oil price cap
The crude oil tanker SCF Surgut, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey, on April 4, 2024. (REUTERS/File Photo)
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Updated 14 July 2025

EU envoys near agreement on lower Russian oil price cap

EU envoys near agreement on lower Russian oil price cap

BRUSSELS: European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting.
The sources said all the elements of the package had been agreed, although one member state still has a technical reservation on the new cap.
The sources — speaking on condition of anonymity to discuss confidential talks — said they expect to reach a full agreement on Monday, ahead of a foreign ministers’ meeting in Brussels the following day that could formally approve the package.
The sources said they had also agreed to a dynamic price mechanism for the price cap. On Friday, the European Commission proposed a floating price cap on Russian oil of 15 percent below the average market price of crude in the previous three months.
One of the sources said the initial price would be around $47 a barrel based on the average price of Russian crude for the last 22 weeks minus 15 percent. Further, the price would be revised based on the average oil price every six months instead of the proposed three months.
Slovakia — which has held up the proposed package — is still seeking reassurances from the European Commission on its concerns about plans to phase out Russian gas supply but it has agreed to the new measures, the sources said.
Sanctions require unanimity among the EU’s member countries to be adopted.
The Group of Seven (G7) price cap, aimed at curbing Russia’s ability to finance the war in Ukraine, was originally agreed in December 2022. The European Union and Britain have been pushing the G7 to lower the cap for the last two months after a fall in oil futures made the current $60 a barrel level largely irrelevant.
The cap bans trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibits shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap.
The Commission proposed the package in early June, aimed at further cutting Moscow’s energy revenues, including a ban on transactions with Russia’s Nord Stream gas pipelines, and financial network that helps it circumvent sanctions.
Another one of the sources said the new package will list a Russian-owned refinery in India, two Chinese banks, and a flag registry. Russia has used flags of convenience for its shadow fleet of ships and oil tankers. 


‘Race against time’ to remove rubble after recent earthquake in Afghanistan’s east, says UN

Updated 3 sec ago

‘Race against time’ to remove rubble after recent earthquake in Afghanistan’s east, says UN

‘Race against time’ to remove rubble after recent earthquake in Afghanistan’s east, says UN
The United Nations says aid workers are still in a “race against time” to remove rubble and rebuild after the devastating earthquake struck eastern Afghanistan last month, killing at least 2,200 people and cutting off remote areas.
The 6.0-magnitude quake on Aug. 31 was shallow, destroying or causing extensive damage to low-rise buildings in the mountainous region. It hit late at night, and homes — mostly made of mud, wood, or rocks — collapsed instantly, becoming death traps.
Satellite data shows that about 40,500 truckloads of debris still needs to be cleared from affected areas in several provinces, the United Nations Development Program said Wednesday. Entire communities have been upended and families are sleeping in the open, it added.
The quake’s epicenter was in remote and rugged Kunar province, challenging rescue and relief efforts by the Taliban government and humanitarian groups. Authorities deployed helicopters or airdropped army commandos to evacuate survivors. Aid workers walked for hours on foot to reach isolated communities.
“This is a race against time,” said Devanand Ramiah, from the UNDP’s Crisis Bureau. “Debris removal and reconstruction operations must start safely and swiftly.”
People’s main demands were the reconstruction of houses and water supplies, according to a spokesman for a Taliban government committee tasked with helping survivors, Zia ur Rahman Speenghar.
People were getting assistance in cash, food, tents, beds, and other necessities, Speenghar said Thursday. Three new roads were under construction in the Dewagal Valley, and roads would be built to areas where there previously were none.
“Various countries and organizations have offered assistance in the construction of houses but that takes time. After the second round of assistance, work will begin on the third round, which is considering what kind of houses can be built here,” the spokesman said.
Afghanistan is facing a “perfect storm” of crises, including natural disasters like the recent earthquake, said Roza Otunbayeva, who leads the UN mission to the country.
In a briefing to the UN Security Council on Wednesday, Otunbayeva said the development of Afghanistan’s full potential was required for it to address restrictions on personal freedoms, aid cuts, a struggling economy, climate-related stressors, and ” significant population returns ” from neighboring countries.

Syria’s foreign minister in Washington, a first in 25 years

Syria’s foreign minister in Washington, a first in 25 years
Updated 26 min 1 sec ago

Syria’s foreign minister in Washington, a first in 25 years

Syria’s foreign minister in Washington, a first in 25 years
  • Foreign Minister Asaad Al-Shibani will meet US lawmakers to discuss the lifting of remaining US sanctions on his country

DAMASCUS: Syria’s foreign minister arrived in Washington on Thursday, the first official visit at that level in more than 25 years as the US makes a pro-Damascus policy push, lifting sanctions and mediating between the new Islamist rulers and Israel. Foreign Minister Asaad Hassan Al-Shibani will meet US lawmakers to discuss the lifting of remaining US sanctions on his country, Senator Lindsey Graham was quoted as saying by Axios. Two sources familiar with the trip confirmed the visit to Reuters.
It comes after some senior US diplomats focused on Syria were abruptly let go from their posts amid Washington’s pivot, as the US seeks to integrate its longtime Syrian Kurdish allies with the central administration of President Ahmed Al-Sharaa.
The United States has also been mediating between Israel and Syria. Sharaa, who is due to visit New York next week for the UN General Assembly, said negotiations to reach a security pact with Israel could yield results “in the coming days.”
The United States had placed crippling sanctions on Syria since 2011 after former President Bashar Assad, an ally of Iran and Russia, cracked down protests against him that triggered an almost 14-year civil war.
After he was toppled by Sharaa’s forces in a quick sweep in December, Washington and Damascus have been working to warm up ties, with US President Donald Trump announcing that he would move to lift the sanctions after meeting Sharaa in May.


South Korea prosecutors seek arrest of Unification Church leader

South Korea prosecutors seek arrest of Unification Church leader
Updated 25 min 9 sec ago

South Korea prosecutors seek arrest of Unification Church leader

South Korea prosecutors seek arrest of Unification Church leader
  • Han Hak-ja linked to bribery allegations against country’s former first lady and incitement to destroy evidence
  • The Unification Church has long been the subject of controversy and criticism

SEOUL: South Korean prosecutors on Thursday requested an arrest warrant for the leader of the Unification Church, Han Hak-ja, on allegations of bribery linked to the country’s former first lady and incitement to destroy evidence.
The move came a day after the 82-year-old was questioned over her alleged role in bribing former first lady Kim Keon Hee and a prominent lawmaker.
Founded in 1954 by her late husband Moon Sun-myung, the Unification Church has long been the subject of controversy and criticism, with its teachings centered on Moon’s role as the Second Coming, its mass weddings and a cult-like culture.
Followers are derisively referred to as “Moonies.”
But the church’s reach extends far beyond religion, spanning businesses from media and tourism to food distribution.
Han assumed leadership of the church after Moon’s death in 2012.
“We have requested an arrest warrant for Han earlier today,” said prosecutor Park Sang-jin.
“The charges against her include violation of political funds act, anti-graft law, incitement to destroy evidence and embezzlement,” he added.
“We considered the risk of Han tampering with evidence to be very high, which led us to seek the warrant.”
A court is expected to review the validity of the warrant request early next week.
Han is suspected of ordering the delivery of luxury gifts including a designer handbag and diamond necklace to Kim in 2022 to curry favor with her husband, Yoon Suk Yeol, who became president that year.
The former first lady has been arrested and indicted on charges of bribery and stock-market manipulation, while her husband – also in custody – is standing trial over his declaration of martial law in December.
The couple fell from grace after Yoon’s martial law declaration briefly suspended civilian rule, before it was overturned by opposition MPs in December.
Yoon was impeached and removed from office in April over the attempt.
Han also faces allegations of bribing a prominent MP with 100 million won ($72,000).
A Seoul court issued an arrest warrant on Tuesday for the lawmaker, Kweon Seong-dong, citing the risk he could tamper with evidence.
Han, who was wheeled out of the prosecutors’ office after more than nine hours of questioning, denied wrongdoing.
“Why would I have done that?” she said when asked about the allegations.
Prosecutor Park also said Han had denied committing any crimes during the Wednesday questioning.


Spain says will probe ‘rights violations in Gaza’

Spain says will probe ‘rights violations in Gaza’
Updated 32 min 9 sec ago

Spain says will probe ‘rights violations in Gaza’

Spain says will probe ‘rights violations in Gaza’
  • Spain’s top prosecutor, Alvaro Garcia Ortiz, has “issued a decree to create a working team tasked with investigating violations of international human rights law in Gaza,” his office said in a statement
  • The announcement marks another step by Spain, a virulent critic of the devastating Israeli offensive in the Palestinian territory, to lead international action over the conflict

MADRID: Spain will probe “human rights violations in Gaza” to assist the International Criminal Court, which has sought arrest warrants for top Israeli officials over alleged war crimes, the attorney general said Thursday.
The announcement marks another step by Spain, a virulent critic of the devastating Israeli offensive in the Palestinian territory, to lead international action over the conflict, sparked by an unprecedented Hamas attack on Israel in 2023.
Spain’s top prosecutor, Alvaro Garcia Ortiz, has “issued a decree to create a working team tasked with investigating violations of international human rights law in Gaza,” his office said in a statement.
The investigative team’s mission will be to “gather evidence and make it available to the competent body, thereby fulfilling Spain’s obligations regarding international cooperation and human rights,” it said.
“Faced with the current situation in the Palestinian territories, all evidence, direct or indirect, that can be gathered in our country” on “crimes committed” in Gaza “must be included” for potential use in the ICC case, it added in the decree.
The statement mentioned a Spanish police report which recorded “acts that could constitute crimes against the international community” perpetrated by the Israeli army in Gaza.
The ICC has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant for alleged war crimes and crimes against humanity in Israel’s campaign in Gaza.
Spain has also joined a case before another world court, the International Court of Justice, accusing Israel of genocide in Gaza.
Both Hague-based courts have faced fierce criticism from Israel and its allies over the cases.
In February, the United States slapped sanctions on the ICC, saying it had “abused its power” with the Netanyahu arrest warrant.
Israel has challenged the 125-member state ICC’s jurisdiction in the case.
Spanish-Israeli relations have soured over the conflict, with Israel withdrawing its ambassador to Madrid last year after Spain recognized a Palestinian state.
Last week, Spain recalled its ambassador from Tel Aviv after Israel’s foreign minister accused the government of antisemitism.
The row followed measures announced by Prime Minister Pedro Sanchez which he said aimed to “stop the genocide in Gaza.”


Bolivian parliament passes bill to end child marriages

Bolivian parliament passes bill to end child marriages
Updated 18 September 2025

Bolivian parliament passes bill to end child marriages

Bolivian parliament passes bill to end child marriages
  • The bill had been greenlit by the senate in April and will now be sent to the president for promulgation
  • Officials who register marriages involving minors may be prosecuted and jailed for up to four years

LA PAZ: Bolivia’s parliament has passed legislation to ban marriages and civil unions with minors, bringing the country closer to the 13 Latin American nations that have already outlawed the practice.
A 2014 law restricted marriages to adults, but allowed an exception for people aged 16 and 17 if they had authorization from parents or guardians.
Just over 4,800 such underage unions were registered between 2014 and 2023, according to the Ombudsman’s Office of Bolivia.
The Chamber of Deputies on Wednesday passed an amendment to close the loophole.
The bill had been greenlit by the senate in April and will now be sent to the president for promulgation.
“This is not just a law, it is a promise that our teenage girls will no longer be forced to marry, leave school or take on responsibilities that do not belong to them,” said ruling party senator and bill author Virginia Velasco in a press release.
Officials who register marriages involving minors may be prosecuted and jailed for up to four years, Velasco added.
Advocacy group Save the Children cited data saying 32,300 girls in Bolivia were married before the age of 15 in 2014, the most recent data available.
Child marriages are prohibited in 13 Latin American countries, including Colombia, Peru, Ecuador and El Salvador, according to the Economic Commission for Latin America and the Caribbean (ECLAC).