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Russia call US sanctions on business entities “erroneous”

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Russia call US sanctions on business entities “erroneous”

Russia-US tit-for-tat diplomacy expands

The ongoing diplomatic tussle between Russia and US, which was triggered after alleged poisoning of a former spy Sergei Skripal and his daughters in UK by nerve gas agent, is being expanded on each passing day.

Friday witnessed US Treasury Department announcing new sanctions against seven Russian oligarchs and several government officials and business entities. Russians have called the sanctions against businesses a result of their refusal to Washington’s scenario.

Reacting to the US move, Russian embassy in Washington, in a statement on Friday said, “Washington has delivered yet another blow on the Russian-US relations. Now, the sanctions cover captains of Russian business who refuse to play to Washington’s scenario.”

It said that the US sanctions are seen as an erroneous step killing the freedom of enterprise and competition and impairing integration processes in the global economy.

Read More:- US, EU and allies expel 113 Russian diplomats

“The United States has made yet another erroneous step to destroy the freedom of enterprise and competition, to impair integration processes in the global economy,” the embassy said.

The Assets of all 24 people from Russia and 15 organisations that fall under the US sanctions and under jurisdiction have been blocked and American entities are banned from dealing with them.
The US Department of Treasury announced the sanctions against the Russian business entities, individuals and government officials for their alleged “worldwide malign activity”.

Read More:- Russia expels 59 diplomats from 23 countries, crisis expands

“Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilising activities,” a statement from the treasury department said on Friday.

“The Russian government engages in a range of malign activity around the globe, including continuing to occupy Crimea and instigate violence in eastern Ukraine, supplying the Assad regime with material and weaponry as they bomb their own civilians, attempting to subvert Western democracies and malicious cyber activities,” it added.

Washington’s move against the Russian business houses and individuals would mean that their assets will be frozen in the US, while Americans will be blocked from doing business with them.

The United States’ new anti-Russian sanctions cover those biggest Russian businesses that refuse to play to Washington’s scenario, the Russian embassy in the United States said in a statement on Friday.

“Washington has delivered yet another blow on the Russian-US relations. Now, the sanctions cover captains of Russian business who refuse to play to Washington’s scenario,” the embassy said.

The United States introduced sanctions on Friday against seven Russian businessmen, twelve companies under their control and 17 officials, a senior government official told reporters.

The assets of all 24 people from Russia and 15 various organizations that fall under the US sanctions and under US jurisdiction have been blocked, and American entities are banned from dealing with them, according to the US Treasury Department.

Following the alleged murder attempt of Skripals by nerve agent on British soil, UK government had expelled 23 diplomats from London which was reciprocated by Russian Foreign Ministry with expulsion of similar number of British diplomats.

Read More:- Russia retaliates: expels 23 British diplomats, close British Council

US administration also expressed solidarity with UK by expelling 60 Russian diplomats from its soil. Moscow took similar step against US diplomats. More than 20 other countries, including NATO members also expelled a large number of Russian diplomats.

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Bangladesh president Shahabuddin accuses Yunus of conspiracy to unseat him

Bangladesh President Mohammed Shahabuddin has accused former chief adviser Muhammad Yunus of attempting to unseat him unconstitutionally and destabilise the country during the interim period.

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Days after the Tarique Rehman-led government assumed office in Bangladesh, President Mohammed Shahabuddin has levelled serious allegations against former chief adviser Muhammad Yunus, accusing him of attempting to remove him from office through unconstitutional means and destabilise Dhaka.

In an interview to a Bengali daily at Bangabhaban, the President claimed that during Yunus’s tenure, efforts were made to create a constitutional vacuum and disrupt the country’s stability.

Allegations of constitutional breach

Shahabuddin alleged that he was excluded from key state matters for nearly one and a half years. According to him, the former chief adviser did not maintain the constitutionally mandated communication with the President.

He claimed that Yunus undertook 14 to 15 foreign visits but did not brief him upon return or provide written updates, which he described as a constitutional obligation. The President also said he was not informed about major state decisions, including agreements signed with the United States ahead of elections.

Responding to questions about ordinances issued during the interim period, Shahabuddin noted that while some may have been necessary, there was little justification for promulgating as many as 133 ordinances.

‘Palace prisoner’ claim

The President further alleged that he was effectively reduced to a “palace prisoner” during the interim government. He said two of his proposed foreign visits — to Kosovo and Qatar — were blocked by the administration at the time.

He also referred to a purported attempt to replace him with a former chief justice through unconstitutional methods, claiming that the proposal was declined on constitutional grounds.

Recalling events of October 22, 2024, Shahabuddin described protests outside the presidential residence as a “terrifying night,” alleging that mobs were mobilised and attempts were made to storm the premises. He said the situation was brought under control following deployment of the military.

Support from armed forces and BNP

Shahabuddin stated that the chiefs of the three armed services assured him of their support, reiterating that he remained the supreme commander of the armed forces. He also credited the leadership of the Bangladesh Nationalist Party (BNP) for helping maintain constitutional continuity during the period of tension.

The allegations come amid political shifts in Bangladesh following the formation of the new government, adding a fresh dimension to the country’s evolving political landscape.

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India studying implications after US Supreme Court strikes down Trump’s global tariffs

India said it is studying the implications of a US Supreme Court ruling that struck down Donald Trump’s sweeping tariffs, even as a new 10% global duty has been announced under an alternate law.

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Donald Trump

India on Saturday said it is closely examining the implications of a recent ruling by the US Supreme Court that struck down former US President Donald Trump’s sweeping global tariffs.

In its initial response, the Commerce Ministry said it has taken note of both the court’s judgement and subsequent announcements made by the US administration.

“We have noted the US Supreme Court judgement on tariffs yesterday (Friday). US President Donald Trump has also addressed a press conference in this regard,” the ministry said.

“Some steps have been announced by the US administration. We are studying all these developments for their implications,” it added.

What did the US Supreme Court rule?

On Friday, the conservative-majority court ruled 6–3 that a 1977 law relied upon by Trump to impose sudden tariffs on individual countries does not authorise the President to impose such sweeping duties.

The judgement marked a significant setback to Trump’s tariff policy, which had reshaped trade relations with several countries.

Responding to the ruling, Trump criticised members of the court, saying he was “ashamed” of certain justices and describing the verdict as disappointing.

Fresh tariffs under Section 122

Following the court’s decision, Trump announced new tariffs using Section 122 of the Trade Act of 1974. The provision allows the US President to impose temporary tariffs of up to 15 per cent for a maximum period of 150 days to address large and serious balance-of-payments deficits.

Under this route, a new 10 per cent global tariff has been imposed on imports into the United States. Trump said the revised order would be effective almost immediately.

US Treasury Secretary Scott Bessent, speaking at the Economic Club of Dallas, said the alternative mechanism would result in virtually unchanged tariff revenue in 2026.

Impact on India

Under the revised order, India faces a tariff rate of 10 per cent, reduced from the earlier 18 per cent under Trump’s broader tariff framework.

The new duty is scheduled to take effect from February 24 for a period of 150 days. Exemptions will continue for sectors subject to separate investigations, including pharmaceuticals, as well as goods entering the US under the US-Mexico-Canada Agreement framework.

India has not announced any retaliatory measures and has indicated that it is currently assessing the trade and economic implications of the US decisions.

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PM Modi meets Sri Lankan President Dissanayake at AI summit, reviews connectivity agenda

PM Modi and Sri Lankan President Anura Kumara Dissanayake reviewed connectivity, AI cooperation and regional stability during talks at the AI Impact Summit in New Delhi.

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PM Modi meet sri lanka president

Prime Minister Narendra Modi on Friday held talks with Sri Lankan President Anura Kumara Dissanayake on the sidelines of the AI Impact Summit in New Delhi, reviewing the progress of bilateral initiatives and reaffirming their commitment to deepening connectivity and development cooperation.

President Dissanayake was in India to attend the India-hosted AI Impact Summit. The visit marked his second trip to India since assuming office, following his State Visit in December 2024.

Focus on connectivity and development

According to the Ministry of External Affairs, the two leaders assessed developments stemming from recent high-level engagements, including Prime Minister Modi’s State Visit to Sri Lanka in April 2025. They emphasised fast-tracking cooperation across three key pillars — physical, digital and energy connectivity — which remain central to India-Sri Lanka relations.

Both sides reiterated that improved connectivity would not only enhance economic integration but also contribute to long-term stability and prosperity in the region.

AI collaboration and inclusive growth

Technology-driven development also featured prominently in the discussions. The leaders exchanged views on leveraging artificial intelligence for developmental purposes and improving service delivery.

They agreed that responsible deployment of AI can help advance inclusive growth, particularly in developing countries, and support public service systems.

India’s support during crisis

President Dissanayake expressed appreciation for India’s assistance following Cyclone Ditwah, which caused significant damage in Sri Lanka. India, acting as a First Responder, provided emergency relief supplies and supported search and rescue operations under ‘Operation Sagar Bandhu’.

The leaders also reviewed progress under India’s USD 450 million assistance package aimed at reconstruction and infrastructure restoration in Sri Lanka. The support is intended to aid long-term recovery and strengthen economic resilience.

Cultural ties and regional cooperation

Beyond economic and strategic matters, the meeting underscored the civilisational and cultural bonds between the two countries. The successful conclusion of the Exposition of the Holy Devnimori relics in Sri Lanka was welcomed as a step that further strengthened people-to-people connections.

Both leaders agreed to continue working closely to advance sustainable development, while contributing to peace and stability in the wider Indian Ocean Region.

The meeting highlighted India’s role as both a technology partner and a regional collaborator, as New Delhi and Colombo seek to build a resilient and forward-looking bilateral partnership.

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