World
US puts sanctions on Turkish businessman, citing links to Iran’s Quds Force
The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran's Revolutionary Guard Corps, Reuters reported.
The US measures come at a time of strained ties between the two nations over a host of issues, including disagreement over Syria policy and Ankara's purchase of Russian air defense systems.
According to Reuters Ayan's companies have set up international sales contracts for Iranian oil, arranged shipments and helped launder the proceeds and obscured the origin of the Iranian oil on behalf of Iran's Quds Force, an arm of the IRGC, the Treasury said in a statement first reported by Reuters.
"Ayan has established business contracts to sell Iranian oil worth hundreds of millions of dollars to buyers," in China, Europe and the United Arab Emirates, it said, adding that he then funneled the proceeds back to the Quds Force.
Ayan's son Bahaddin Ayan, his associate Kasim Oztas and two other Turkish citizens involved in his business network are also designated, along with 26 companies, including his ASB Group, a Gibraltar-based holding company and a vessel.
In an emailed response to a Reuters' request for comment, Sitki Ayan said, "We will defend our legal rights against everyone."
He had been involved in two business activities with Iran, he added. These were trade of oil and petroleum products ended by sanctions in 2010, and the sale of Iranian electricity to Turkey from 2009 to 2015, which he quit over payment problems.
"I have never worked with anyone other than Iranian official government institutions in any period of my life," he said.
Ayan's son Bahaddin and Oztas were not immediately available for comment. Ayan's ASB Group and Turkey's communications directorate did not immediately respond to requests for comment, Reuters reported.
The Treasury action freezes any US assets of those designated and generally bars Americans from dealing with them. People engaging in certain transactions with those designated also risk sanctions.
Washington had most recently warned Turkey to refrain from a military incursion into northern Syria after Ankara said it was preparing a possible ground invasion against the Syrian Kurdish YPG militia it views as terrorists but who form the bulk of US-backed Syrian Democratic Forces (SDF).
Washington maintains sweeping sanctions on Iran and has looked for ways to increase pressure as efforts to resurrect a 2015 nuclear deal with Tehran have stalled.
President Joe Biden had sought to negotiate Iran's return of to the nuclear deal after former President Donald Trump pulled out of it in 2018.
The 2015 pact limited Iran's uranium enrichment activity to make it harder for Tehran to develop nuclear arms in return for lifting international sanctions. Iran denies wanting to acquire nuclear weapons, Reuters reported.
World
Zelenskiy says Ukraine must try to ensure war ends next year through diplomacy
President Volodymyr Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy.
In a radio interview aired on Saturday, Zelenskiy conceded that the battlefield situation in eastern Ukraine was difficult and Russia was making advances. He said his Russian counterpart Vladimir Putin was not interested in agreeing to a peace deal.
Zelenskiy said U.S. legislation prevented him from meeting President-elect Donald Trump before his inauguration next January. The Ukrainian leader said he would only talk with Trump himself rather than any emissary or advisor.
"I, as the president of Ukraine, will only take seriously a conversation with the president of the United States of America, with all due respect to any entourage, to any people."
"From our side, we must do everything so that this war ends next year, ends through diplomatic means," Zelenskiy said.
World
Sri Lankan president’s coalition wins majority in general election
Sri Lankans handed Anura Kumara Dissanayake a thumping win in a snap general election, giving its new leftist president greater legislative power to pursue policies to alleviate poverty and fight graft as the country recovers from a financial meltdown.
Dissanayake, a political outsider in a country dominated by family parties for decades, comfortably won the island’s presidential election in September, Reuters reported.
But his Marxist-leaning coalition, the National People’s Power (NPP), had just three of parliament’s 225 seats before Thursday’s election, prompting him to dissolve it and seek a fresh mandate.
The NPP won 107 seats, receiving almost 62% or 6.8 million votes in Thursday’s election, putting them past the majority mark in the parliament, latest results on the Election Commission of Sri Lanka’s website showed. A two-third majority appeared within reach of the coalition.
Voters directly elect 196 members to parliament from 22 constituencies under a proportional representation system. The remaining 29 seats will be allocated according to the island-wide proportional vote obtained by each party.
“We see this as a critical turning point for Sri Lanka. We expect a mandate to form a strong parliament, and we are confident the people will give us this mandate,” Dissanayake said after casting his vote on Thursday.
“There is a change in Sri Lanka’s political culture that started in September, which must continue.”
Celebrations were largely muted, with the exception of a few NPP loyalists who lit fireworks in the outskirts of the capital, Colombo.
Just over 17 million Sri Lankans were eligible to elect lawmakers for a five-year term. A record 690 political parties and independent groups were contesting across 22 electoral districts.
Samagi Jana Balawegaya party of opposition leader Sajith Premadasa, the main challenger to Dissanayake’s coalition, won 28 seats and about 18% of the votes polled. The New Democratic Front, backed by previous President Ranil Wickremesinghe, won just three seats.
TENTATIVE ECONOMIC RECOVERY
Sri Lanka typically backs the president’s party in general elections, especially if voting is held soon after a presidential vote.
The president wields executive power but Dissanayake still requires a parliamentary majority to appoint a fully-fledged cabinet and deliver on key promises to cut taxes, support local businesses, and fight poverty.
He also has plans to abolish Sri Lanka’s contentious executive presidency but requires a two-third majority in parliament to implement it.
A nation of 22 million, Sri Lanka was crushed by a 2022 economic crisis triggered by a severe shortage of foreign currency that pushed it into a sovereign default and caused its economy to shrink by 7.3% in 2022 and 2.3% last year.
Boosted by a $2.9 billion bailout programme from the International Monetary Fund (IMF), the economy has begun a tentative recovery, but the high cost of living is still a critical issue for many, especially the poor.
Dissanayake also aims to tweak targets set by the IMF to rein in income tax and free up funds to invest in welfare for the millions hit hardest by the crisis.
But investors worry his desire to revisit the terms of the IMF bailout could delay future disbursements, making it harder for Sri Lanka to hit a key primary surplus target of 2.3% of GDP in 2025 set by the IMF.
World
Biden is sending aid to help Ukraine keep fighting next year, Blinken says
NATO countries must focus their efforts on ensuring that Ukraine has the money, munitions and mobilized forces to fight effectively in 2025, Blinken said
The Biden administration is determined in its final months to help ensure that Ukraine can keep fighting off Russia’s full-scale invasion next year, sending it as much aid as possible so that it might hold Russian forces at bay and possess a strong hand in any potential peace negotiations, US Secretary of State Antony Blinken said Wednesday.
“President Biden has committed to making sure that every dollar we have at our disposal will be pushed out the door between now and Jan. 20,” when president-elect Donald Trump is due to be sworn in, Blinken said.
NATO countries must focus their efforts on “ensuring that Ukraine has the money, munitions and mobilized forces to fight effectively in 2025, or to be able to negotiate a peace from a position of strength,” Blinken said during a visit to Brussels.
The US will “adapt and adjust” with the latest equipment it is sending, Blinken said, without providing details.
The almost three-year war has shown no signs of winding down.
Russia attacked the Ukrainian capital Kyiv with a sophisticated combination of missiles and drones for the first time in 73 days on Wednesday.
That came a day after the Pentagon said most of the North Korean troops sent to help Moscow’s war effort are fighting to drive Ukraine’s army off Russian soil in the Kursk border region.
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