Search Results for: Russia

Central Asia’s five countries are mitigating climate change challenges by adopting more efficient water management practices and greener energy technologies. But regional fossil fuel usage remains high, despite all their governments’ stated goals to become carbon neutral, (except gas-rich Turkmenistan).

Three of the region’s five countries – Kazakhstan, Turkmenistan and Uzbekistan – are rich in oil and natural gas, so are actively exploiting these deposits, which demand remains high as trading partners transition to green energy.…

While the Baltic States’ metal can industry relies largely on imported packaging, the two industries which routinely utilise local production are the beverage (specifically beer), and canned fish industry. While there were far more production facilities today within independent Estonia, Latvia and Lithuania than when these countries were part of the Soviet Union until 1991, the sector has been declining.…

Indonesia’s textile and garment sector, a key pillar of the country’s economy and a major employer, is hoping for more attention and support from the incoming new Indonesian government, as it faces challenges from illegal imports, excessive costs and global instability, industry associations have said.…

Digital textile printing has been growing significantly in popularity and demand within the Indonesian clothing and textile sector, Rizal Tanzil, the secretary-general of the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Speaking to Digital Textile, he stressed that it offered more flexibility and customisation for a wide range of textile applications, such as clothing, bags, hats and accessories.…

A joint study by the World Bank, the Ukrainian government, the European Union (EU), and the UN has concluded that, as of February 2024, 21% of Ukraine higher education institutions have been damaged or destroyed during the ongoing Russian invasion. For research institutions, the rate rises to 31%.…

The Argentine oils, fats and oilseeds industry is optimistic about the sector’s growth potential and hopes that reforms announced by the new libertarian government will help to achieve much-needed macroeconomic stabilisation and boost exports.
Gustavo Idígoras, president of the Argentine Edible Oil Association and the Center for Cereal Exporters (Cámara de la Industria Aceitera de Argentina y del Centro de Exportadores de Cereales – CIARA/CEC) wants change.…

The scourge of the fentanyl trade and heightened international tensions caused by Russia’s ongoing invasion of Ukraine, Hamas’ attack on Israel and the resulting Israeli invasion of Gaza have shifted the USA’s assessment of its ML, TF and PF risks.

These conclusions have been written into the latest US treasury ‘National Risk Assessments [NRA] on Money Laundering, Terrorist Financing, and Proliferation Financing’, released on Wednesday (Feb 7).…

The USA, the European Union (EU) and the UK have released hundreds of new sanctions against Russians, Russian entities and associates overseas, one day ahead of the second anniversary of their country’s major invasion of Ukraine on February 24.

With the UK ministry of defence in December estimating that 320,000 Russian combatants have been wounded or killed in the invasion, the British government announced 50 new sanctions targeting individuals and businesses.…

The Financial Action Task Force (FATF) has appointed a new president – Elisa de Anda Madrazo, of Mexico, as the global AML body faces the launch of its next and fifth mutual evaluation round (MER) later this year (2024).

Ms de Anda Madrazo, FATF vice president from July 2020 to June 2023, will take over from Singapore’s T.…

As wars and civil wars intensify worldwide, international and national sanctions are being issued thick and fast and are expanding in scope and complexity. Financial institutions are scrambling to keep up, while regulators are clamping down hard on sanctions violators. The outlook is for a broadening of sanctions ahead.…