👤🆗❕🇷🇺💸🤝🇺🇦 — 🇺🇸 The New York Times | At the G7, Biden Will Push for Frozen Russian Assets to Help Ukraine | President Biden faces the hurdle of convincing his allies that the United States plans to stay in the fight with Ukraine, no matter what happens in November | June 12, 2024:

"Two weeks after President Biden reversed himself and approved firing American weapons into Russian territory, he and his closest allies are preparing a different kind of assault, using the proceeds from Russia’s own financial assets to aid the reconstruction of Ukraine.

For two years, the world’s largest Western economies have debated how to deal with $300 billion in frozen Russian assets, which the Kremlin — somewhat inexplicably — left in Western financial institutions after the Ukraine invasion began in 2022.

Now, after long debates about whether the West could legally turn those assets over to the government of President Volodymyr Zelensky of Ukraine, the allies seem on the brink of a compromise, to be announced at the Group of 7 summit in Italy."

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🇷🇺❌💲💶 Russia, hit by new US sanctions, halts dollar and euro trade on main bourse

New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange.

The exchange and the central bank rushed out statements on Wednesday - a public holiday in Russia - within an hour of Washington announcing a new round of sanctions aimed at cutting the flow of money and goods to sustain Russia's war in Ukraine.

https://www.reuters.com/markets/europe/moscow-exchange-stop-trading-dollars-after-latest-us-sanctions-2024-06-12/

👤🆗🇺🇸⚙️💛 — 🏴 ZeroHedge | Trump Wants Bitcoin "Made In The USA" After Hosting Mining Industry Heads | June 12, 2024:

"Donald Trump reiterated his support for the Bitcoin mining industry on Wednesday after hosting a meeting with several executives from United States crypto mining firms."

#Geoeconomics

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🇺🇸❌🇸🇦❌🛢❌U.S.-Saudi Petrodollar Pact Ends after 50 Years US-Saudi Petrodollar Pact Ends after 50 Years.

The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term “petrodollar” refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States and Saudi Arabia struck a deal shortly after the U.S. went off the gold standard that would go on to have far-reaching consequences for the global economy. In the history of global finance, few agreements have wielded as many benefits as the petrodollar pact did for the U.S. economy.

https://www.msn.com/en-us/money/markets/u-s-saudi-petrodollar-pact-ends-after-50-years/ar-BB1o29sn

@FelipeChannel

🇷🇺❌🏧 Multiple source report that various major Russian banks are preventing clients from logging in

Russian banks are trying to prevent people from withdrawing all of their savings.

These include Rosbank, Gazprombank and also the Moscow Exchange is preventing people from logging in.

@FelipeChannel

🇪🇺🤝💰 IOTA identification solution to make KYC Web3 compatible has been accepted to the European Regulatory Sandbox by the European Commission

The Web3 Identification Solution built by the IOTA Foundation, walt.id, IDnow, Bloom Wallet, and HAVN, has been selected for this year’s European Blockchain Sandbox. The solution tokenizes all kinds of identification processes, enabling users to verify their identity in Web3 environments while maintaining control over their personal information.

https://blog.iota.org/iota-web3-id-solution-sandbox/

@FelipeChannel

🇺🇸🤝🇺🇦 BLINKEN: Today, Biden and Zelenskyy will "sign an agreement between the United States and Ukraine, a bilateral security agreement. What that means...is that we’re committing to support Ukraine as it builds up its defenses for the next 10 years."

https://x.com/DailyCaller/status/1801271544301097339

@FelipeChannel

🇷🇺❌🛢 Putin extends retaliatory measures against oil price cap until end-2024

Russian President Vladimir Putin has extended retaliatory measures against a price cap on its oil imposed by Western countries until the end of 2024, according to a decree published on the government's website on Thursday.

The decree had previously been enacted until June 30, 2024.

The Russian government has banned domestic oil exporters and customs bodies from adhering to Western-imposed price caps on Russian crude.

https://www.reuters.com/markets/commodities/putin-extends-retaliatory-measures-against-oil-price-cap-until-end-2024-2024-06-13/

@FelipeChannel

🇪🇺❌🇭🇺 European Court of Justice fines Hungary 200 mil. Euros with an additional 1 mil. EURs added for each day past the deadline over Budapest's refusal to take in migrants.

The dispute dates back to December 2020, when the court first ruled that Hungary, under Prime Minister Viktor Orbán, had limited access to asylum procedures for those seeking international protection in the country, making it "virtually impossible" to file applications. The Hungarian authorities were also censured for unlawfully keeping asylum seekers in so-called "transit zones" under conditions that amounted to detention and violating their right to appeal.

This "systematic" practice, the court said back then, also involved police officers forcibly escorting third-country nationals that had arrived illegally in Hungary to the other side of a fence erected a few metres from the border with Serbia, "to a strip of land devoid of any infrastructure."

The judges conclude that Hungary is "disregarding the principle of sincere cooperation" and "deliberately evading" the application of the bloc's asylum legislation, which has ripple effects on the borderless bloc.

"That conduct constitutes a serious threat to the unity of EU law, which has an extraordinarily serious impact both on private interests, particularly the interests of asylum seekers, and on the public interest," the judges say.

Since Hungary's wrongdoing puts more pressure on nearby member states, who have to take care of the migrants unlawfully expelled by Budapest, the legal breach "seriously undermines the principle of solidarity and fair sharing of responsibility."

Reacting to the news, Orbán described the court's decision as "outrageous and unacceptable."

"It seems that illegal migrants are more important to the Brussels bureaucrats than their own European citizens," he said. (The ECJ is based in Luxembourg)

🔗 https://www.euronews.com/my-europe/2024/06/13/ecj-fines-hungary-with-200-million-over-extremely-serious-breach-of-eu-asylum-law