International

NATO accuses Russia and North Korea of “dangerously expanding” the war in Ukraine

NATO, along with Australia, Japan, New Zealand, South Korea and Ukraine, “strongly” condemned this Friday the decision of Russia and North Korea to “dangerously expand” the war against Ukraine by involving “thousands of troops” North Koreans in the war.

That decision by Russian President Vladimir Putin and his North Korean counterpart, Kim Jong Un, is a “dangerous expansion” of North Korea’s “already substantial support” for Russia’s war effort with “the supply of millions of ammunition and ballistic missiles” in its war against Ukraine, the Atlantic Council said in a statement, joined by Canberra, Tokyo, Wellington, Seoul and Kiev.

And it is that the deepening of military cooperation between Russia and North Korea “deeply” affects Euro-Atlantic security, but with implications also for the Indo-Pacific region, said the North Atlantic Council, NATO’s highest decision-making body.

Military cooperation between Russians and North Koreans

In addition, the increase in military cooperation between Russians and North Koreans constitutes “a violation of multiple resolutions” of the United Nations Security Council, including 2270 (2016), 1718 (2006) and 1874 (2009), which is “especially scandalous if one takes into account Russia’s status as a permanent member” of it, they stressed.

For that reason, they urged Russia to comply again with those resolutions and to abide by its international obligations.

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They also pointed out that Russia’s statement of September 26 in which it stated that the denuclearization of North Korea “is not on the table” is “unacceptable.”

That position, they noted, “undermines the global non-proliferation regime, directly contradicts the relevant UN Security Council resolutions and further exacerbates regional tensions.”

Russian declaration

For the North Atlantic Council, the Russian declaration is part of its broader effort to undermine the global non-proliferation regime and dismantle United Nations sanctions.

Therefore, NATO and the five signatories urged all other countries not to provide any kind of help to Russia’s aggression and condemned “all those who facilitate and, therefore, prolong Russia’s illegal war against Ukraine.”

In this context, NATO said it will continue to work with its partners, particularly in the Indo-Pacific, to promote peace and stability and prevent Russia and those who facilitate its war effort from undermining regional and global stability.

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While stressing that the allies remain “as determined as ever” to support Ukraine “for as long as necessary.”

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.