The Department of Commerce Bureau of Industry and Security said Friday that it has added 49 companies to its Entity List for supplying U.S.-origin integrated circuits to Russian consignees with links to Russia’s defense sector. Listed entities need to secure a licensing requirement for any export, reexport or in-country transfer of all items. China-based companies...
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Category: Geopolitical Issues
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Australia Steps Up Strategic Defense Program With $140M Investment in Munition Factories
Australia’s Department of Defence announced on Friday that the Albanese administration is investing $140 million to boost the munitions production capacity in the ammo factories in Mulwala, New South Wales, and Benalla, Victoria. Defence Australia said the investment exemplifies the government delivering on the Defence Strategic Review’s priority to quickly build local manufacturing and increase...
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Sweden to Deploy More Military Units in Arctic Region to Counter Russian Threat
Sweden is increasing its military presence in the country’s northern areas in response to Russia’s growing defense footprint in the Arctic region, according to Swedish Defense Minister Pål Jonson. At the Warsaw Security Forum on Wednesday, Jonson bared that his country is also expanding on existing defense collaborations with Norway and Finland to bolster response...
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Reuters: US Updating Restrictions on Exporting AI Chips, Chipmaking Tools to China
A U.S. official revealed that China has been informed of U.S. plans to update the rules banning the export of artificial intelligence chips and chipmaking tools to Beijing, according to a Reuters report. The rules were first implemented in October 2022 as part of Washington’s effort to address national security concerns, hinder China’s efforts to...
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US Chamber of Commerce Wants Clear-Cut Implementing Regulations in Treasury Provisions on Outbound Investments for Critical Tech
The U.S. Chamber of Commerce has suggested that the Department of the Treasury issue clear-cut implementing regulations in its “Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern.” The provisions, published on Aug. 14, follow the Aug. 9 issuance of Executive Order 14105 on “Addressing United States...
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NATO Chief: Defense Industry Offers A Way to Ukraine Peace
NATO Secretary General Jens Stoltenberg said in a speech to address the International Defence Industry Forum in Kyiv on Friday that “weapons for Ukraine are the way to peace.” Stoltenberg also praised the Ukrainian defense industry’s resourcefulness, noting that “from drones to demining,” Ukraine’s defense innovation proceeded at “lightning speed.” The NATO chief, who addressed the...
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US Adds Entities to Sanctions List Over Connections to Iranian UAV Program
The U.S. government has sanctioned five entities and two individuals from Iran, China, Hong Kong, Turkey and the United Arab Emirates for their involvement in supplying parts Iran requires for its one-way attack drones. In its announcement Wednesday, the Department of the Treasury Office of Foreign Assets Control identified the designated organizations as: Pishgam Electronic...
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United States, Close Allies Publish Guidance to Counter Russian Sanctions Evasion
The Export Enforcement Five, or E5, partnership that groups the governments of the United States, United Kingdom, Canada, Australia and New Zealand has issued new guidance to counter Russia’s evasion of sanctions through the use of third countries. The document, available for download from the U.S. Bureau of Industry and Security website, identifies 45 prioritized...
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France to Reduce Military Presence in Africa, Deploy More Forces in Pacific
France plans to reduce its military footprint in Africa and deploy more security forces in the Indo-Pacific region, according to Gen. Stéphane Mille, the chief of staff of the French Air and Space Force. At a news briefing on Monday, the general said France will pull back military forces from Africa in the future. He...
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Canada Pledges $24M to UK-Led Effort to Equip Ukraine Air Defense
Canadian Minister of National Defence Bill Blair has announced his country’s $24.4 million contribution to a United Kingdom-led partnership that aims to provide Ukraine with short and medium-range air missiles and associated equipment. “Together, Canada and the United Kingdom are standing with Ukraine as it fights to defend itself against Russia’s illegal and unjustifiable invasion,”...