International

Putin vows to back Lukashenko against ‘interference’

AFP

Russian President Vladimir Putin on Thursday vowed to back Belarusian strongman Alexander Lukashenko against foreign “interference”, as the two signed a series of agreements on closer integration.

Speaking during a televised video meeting with Lukashenko, Putin hailed the bilateral ties between Russia and Belarus and promised Moscow’s continued backing for the increasingly isolated Lukashenko.

“We will together resist any attempts to interfere in the internal affairs of our sovereign states and Russia will of course continue to provide assistance to the brotherly Belarusian people — there is no doubt about that,” Putin said from the Crimean city of Sevastopol where he was marking a national holiday.

Putin and Lukashenko agreed in September to a series of 28 programmes aimed at deepening integration under a decades-old plan for a “union state” between Russia and Belarus.

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The agreements were signed on Thursday focus mainly on economic and regulatory issues, including common policies on taxation, banking, industry, agriculture and energy.

There was no mention of trickier issues surrounding political integration, like longstanding plans for a single parliament or currency.

Putin has become Lukashenko’s primary political backer as the longtime Belarusian leader faces international pressure following a brutal crackdown on the opposition.

Belarusian authorities arrested and jailed thousands of people after unprecedented anti-government protests erupted when Lukashenko claimed victory in an August 2020 election the opposition said was rigged.

Lukashenko on Thursday thanked Putin for his support, saying: “The unprecedented external pressure has become a serious test of strength for the relations between our countries. We can say with confidence that we have passed that test.”

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There were reports of tensions between the two leaders ahead of the meeting and Lukashenko joked before signing that some in Russia had asked “whether we will sign or not”.

Putin told Lukashenko that more needed to be done to create a single migration and visa space and appeared to express displeasure with Belarus’s management of its borders.

“The task of creating an atmosphere of stability and security on our external borders is of particular importance,” Putin said.

Thousands of migrants — mostly from Africa and the Middle East — have crossed or tried to cross from Belarus into the eastern European Union states of Latvia, Lithuania and Poland in recent months.

The EU accuses Lukashenko of encouraging the migrants to come to Belarus and deliberately sending them across in retaliation for EU sanctions.

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Putin, in power for more than 20 years, and Lukashenko, who has ruled for nearly 30 years, have had a volatile relationship.

The two have sought to present a united front against the West, but their countries have also seen a series of political and economic disputes.

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.