EU envoys near agreement on lower Russian oil price cap

EU envoys near agreement on lower Russian oil price cap
The crude oil tanker SCF Surgut, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey, on April 4, 2024. (REUTERS/File Photo)
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Updated 14 July 2025
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EU envoys near agreement on lower Russian oil price cap

EU envoys near agreement on lower Russian oil price cap

BRUSSELS: European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting.

The sources said all the elements of the package had been agreed, although one member state still has a technical reservation on the new cap.

The sources — speaking on condition of anonymity to discuss confidential talks — said they expect to reach a full agreement on Monday, ahead of a foreign ministers’ meeting in Brussels the following day that could formally approve the package.

The sources said they had also agreed to a dynamic price mechanism for the price cap. On Friday, the European Commission proposed a floating price cap on Russian oil of 15 percent below the average market price of crude in the previous three months.

One of the sources said the initial price would be around $47 a barrel based on the average price of Russian crude for the last 22 weeks minus 15 percent. Further, the price would be revised based on the average oil price every six months instead of the proposed three months.

Slovakia — which has held up the proposed package — is still seeking reassurances from the European Commission on its concerns about plans to phase out Russian gas supply but it has agreed to the new measures, the sources said.

Sanctions require unanimity among the EU’s member countries to be adopted.

The Group of Seven (G7) price cap, aimed at curbing Russia’s ability to finance the war in Ukraine, was originally agreed in December 2022. The European Union and Britain have been pushing the G7 to lower the cap for the last two months after a fall in oil futures made the current $60 a barrel level largely irrelevant.

The cap bans trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibits shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap.

The Commission proposed the package in early June, aimed at further cutting Moscow’s energy revenues, including a ban on transactions with Russia’s Nord Stream gas pipelines, and financial network that helps it circumvent sanctions.

Another one of the sources said the new package will list a Russian-owned refinery in India, two Chinese banks, and a flag registry. Russia has used flags of convenience for its shadow fleet of ships and oil tankers. 


Britain and Australia to sign 50-year nuclear submarine treaty

Britain and Australia to sign 50-year nuclear submarine treaty
Updated 25 July 2025
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Britain and Australia to sign 50-year nuclear submarine treaty

Britain and Australia to sign 50-year nuclear submarine treaty
  • The three-way alliance was announced in 2021 to contend with growing Chinese military might in the Asia-Pacific region
  • It would deliver Australia at least eight submarines including three to five second-hand US Virginia-class submarines

MELBOURNE: Britain and Australia announced they will sign a cooperation treaty to build Australian nuclear-powered submarines and welcomed a review by President Donald Trump’s administration of the United States’ role in the trilateral defense deal.

Britain’s Defense Secretary John Healey and Foreign Secretary David Lammy met Friday with their Australian counterparts Richard Marles and Penny Wong in Sydney for an annual bilateral meeting.

Marles said he and Healey will sign a 50-year treaty Saturday that will underpin bilateral cooperation on building an Australian fleet of submarines powered by US nuclear technology.

“It is as significant a treaty as has been signed between our two countries since federation,” Marles said, referring to the unification of several British colonies to form the Australian government in 1901.

The three-way alliance was announced in 2021 to contend with growing Chinese military might in the Asia-Pacific region. It would deliver Australia at least eight submarines including three to five second-hand US Virginia-class submarines. Britain and Australia would cooperate to build their own SSN-AUKUS submarines.

US reviewing AUKUS trilateral submarine deal

US Defense Secretary Pete Hegseth is reviewing the pact, known by the acronym AUKUS, that was entered into by US President Joe Biden’s administration. There are concerns that the US won’t provide Australia with its first Virginia-class submarine by the early 2030s as planned because US submarine-building was behind schedule.

Marles and Healey declined to speculate on whether Britain and Australia would continue with jointly building submarines if the US pulled out when questioned at a press conference.

“Australia and the UK welcome the review because we see this as a chance for a new administration to renew their commitment to AUKUS. And that’s what we expect,” Healey said.

“Any sort of hypotheticals that you suggest simply aren’t part of the picture,” Healey added, referring to the prospect of Britain and Australia proceeding without the US

The Australian government confirmed this week it had paid the US a second $500 million installment on the AUKUS deal. The first $500 million was paid in February.

The submarines are expected cost Australia up to $245 billion.

The meeting comes as 3,000 British military personnel take part in the largest military exercise ever conducted in Australia.

British aircraft carrier joins Australian war games

More than 35,000 military personnel from 19 nations are taking part in Exercise Talisman Sabre, which began in 2005 as a biennial joint exercise between the US and Australia.

Marles and Healey will inspect the British aircraft HMS Prince of Wales at the northern port of Darwin on Sunday. The carrier is in Australia to take part in the war games.

Lammy said the carrier’s arrival in Darwin was meant to send a clear signal to the world.

“With our carrier strike group docking in Darwin, I think we’re sending a clear signal, a signal of the UK’s commitment to this region of the world. Our determination to keep the Indo-Pacific free and open, and that we stand together,” he said.


Seven children killed in India school roof collapse: police

Seven children killed in India school roof collapse: police
Updated 25 July 2025
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Seven children killed in India school roof collapse: police

Seven children killed in India school roof collapse: police
  • At least seven children were killed and 26 others injured Friday after part of the roof and walls of a government-run school collapsed in western India, police said

JAIPUR: At least seven children were killed and 26 others injured Friday after part of the roof and walls of a government-run school collapsed in western India, police said.

“Seven children have lost their lives so far and 26 others are injured,” Nand Kishore, a senior police officer in the state of Rajasthan, told AFP.


Philippines top court voids impeachment complaint against VP Duterte

Philippines top court voids impeachment complaint against VP Duterte
Updated 25 July 2025
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Philippines top court voids impeachment complaint against VP Duterte

Philippines top court voids impeachment complaint against VP Duterte
  • The outcome could be a huge boost for the political ambitions of Sara Duterte

MANILA: Philippine Vice President Sara Duterte scored a major legal victory on Friday after the Supreme Court struck down an impeachment complaint against her, ruling it was unconstitutional.

The Philippines’ lower house of Congress impeached Duterte in February, accusing her of misusing public funds, amassing unusual wealth and threatening to kill Philippine President Ferdinand Marcos Jr, the First Lady, and the House Speaker.

The court said it was not absolving Duterte of the charges.

The outcome could be a huge boost for the political ambitions of Duterte. She is widely seen as a strong contender for the 2028 presidency, which Marcos cannot contest due to a single-term limit for Philippine presidents.

A conviction in an impeachment trial would have seen Duterte banned from office for life. She has said the move to impeach her, which came amid a bitter feud with Marcos, was politically motivated.

Duterte is the daughter of firebrand former President Rodrigo Duterte, who is now in the custody of the International Criminal Court over his bloody war on drugs. He has denied wrongdoing.


Court frees men accused in 2006 train bombings India blamed on Pakistan-based group

Court frees men accused in 2006 train bombings India blamed on Pakistan-based group
Updated 25 July 2025
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Court frees men accused in 2006 train bombings India blamed on Pakistan-based group

Court frees men accused in 2006 train bombings India blamed on Pakistan-based group
  • Pakistan has always denied state complicity in evening rush-hour attacks that killed 187 people and wounded hundreds 
  • Ansari, now 48, was one of 12 men convicted in 2015 for murder, conspiracy, waging war against India 

MUMBAI: Nearly two decades lost, a family fractured and a city still without closure — the scars of the 2006 Mumbai train bombings remain, even as the men once blamed for the deadly attacks walk free.

After 19 years behind bars, Mohammad Sajid Margub Ansari can finally hold his daughter in his arms.

Ansari, now 48, was one of 12 men convicted in 2015 for murder, conspiracy and waging war against India over the 2006 train blasts.

The evening rush-hour attacks, carried out with pressure-cooker bombs hidden in bags beneath newspapers and umbrellas, killed 187 people and wounded hundreds more.

Five of the accused were sentenced to death, while the other seven — including Ansari — were given life imprisonment.

At the time of the blasts, Ansari was just 29, running a modest mobile and computer repair shop.

He was arrested soon after the explosions, reportedly accused of assembling the bombs and sheltering two Pakistani nationals.

But this week, a two-judge bench of the Bombay High Court overturned the convictions, ruling that the prosecution had “utterly failed” to prove the men were responsible.

The prosecution appealed to the Supreme Court to halt their release, but it declined to intervene.

“It feels amazing to be free,” Ansari told AFP. “We are innocent.”

Freedom, however, feels bittersweet for Ansari.

“My whole youth is gone. My family had to face financial troubles,” he said.

His wife was pregnant when Ansari was arrested, leaving him to miss his daughter’s entire childhood. In her early years, she wouldn’t even come near him.

“As a dad that felt terrible, that I could not hold my own daughter,” he said.

“I used to feel very helpless and think why do we have to go through all this when I am innocent.”

The 2006 attacks were initially blamed on the Pakistan-based militant group Lashkar-e-Taiba, although a little-known outfit, Lashkar-e-Qahhar, later claimed responsibility.

Pakistan denied the allegations.

For survivor Chirag Chauhan, who was paralyzed from the waist down in one of the blasts, the acquittal of the men felt like being dragged “back to square one.”

“We don’t know what to do and where to start from. The entire system is hopeless,” he told AFP.

In 2006, Chauhan, now 40, was returning home from chartered accountancy training when the train he boarded was hit by an explosion.

Prosecutors said the explosives were deliberately placed in first-class coaches to target the city’s wealthy Gujarati community.

They also said the bombings were intended as revenge for riots in the western state of Gujarat in 2002, which left around 2,000 people dead, most of them Muslims.

A spinal cord injury left Chauhan requiring the use of a wheelchair.

“After 19 years if the accused are let free, who carried out the blasts then?” he asked.

But he also said there should be a “fair investigation,” noting that the now freed men could have been framed.

“All are equally to be blamed, the judiciary, the investigative agencies, everyone,” he said.

For Ansari, his years behind bars demand more than an acquittal.

“The agencies should be ashamed of what they did and should definitely apologize to us,” he said.

While his old mobile and computer repair shop is no longer an employment option, given the advances in technology since he was imprisoned, Ansari is aiming to rebuild his life.

He plans to finish the undergraduate law degree which he enrolled in while in prison.

“I hope to put it to good use,” he said.


Ukraine’s Zelensky says ‘listened’ to protesters on anti-graft law

Ukraine’s Zelensky says ‘listened’ to protesters on anti-graft law
Updated 25 July 2025
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Ukraine’s Zelensky says ‘listened’ to protesters on anti-graft law

Ukraine’s Zelensky says ‘listened’ to protesters on anti-graft law
  • The adoption of the bill, which curbed the powers of two anti-graft bodies, triggered the biggest public protests in Ukraine
  • Ukrainian leader acknowledged there should ‘probably have been more of a dialogue’ before the law was adopted

KYIV: Ukrainian leader Volodymyr Zelensky said his government had heard protesters opposing a law revoking the independence of anti-corruption agencies and had responded by proposing new legislation.

The adoption of the bill, which curbed the powers of two anti-graft bodies, triggered the biggest public protests in Ukraine since Russia’s invasion and drew criticism from Kyiv’s European allies.

“It is absolutely normal to react when people don’t want something or when they dislike something,” Zelensky said in comments released to journalists on Friday, adding it was “very important that we listened and responded adequately.”

“For me, it was very important that we listened and responded adequately,” Zelensky added.

The government has since submitted a bill aimed at restoring the independence of the anti-graft bodies – the National Anti-Corruption Bureau of Ukraine (NABU) and Specialized Anti-Corruption Prosecutor’s Office (SAPO).

It remains to be seen whether parliament, mostly loyal to Zelensky, will approve the draft law.

Zelensky acknowledged there should “probably have been more of a dialogue” before the law was adopted.

“I am focused on the issue of the war because right now, the number one issue in Ukraine is the war. The biggest problem is the war. The main enemy is Russia.”