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  The invasion of Ukraine by Russia has hastened a historic expansion of export controls, far beyond their usual focus on preventing nuclear and conventional weapons proliferation. However, in the United States, the shift toward new goals, such as inflicting economic pain on adversary countries and preventing the abusive use of new technologies to monitor populations, is occurring without a key official in place — the undersecretary of Commerce for industry and security, who oversees the implementation of US export controls. The full Senate has yet to vote on President Joe Biden's nomination of former Defense Department official Alan Estevez for the position, owing to a policy disagreement between the Biden administration and Senate Foreign Relations Chair Bob Menendez over regulating firearms exports. This has left the Bureau of Industry and Security at the Commerce Department without a leader at a time when the department is attempting to enforce an unprecedented number of new re...

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  Welcome to boubnews! These terms and conditions outline the rules and regulations for the use of boubnews's Website, located at https://boubnews.blogspot.com. By accessing this website we assume you accept these terms and conditions. Do not continue to use boubnews if you do not agree to take all of the terms and conditions stated on this page. The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and all Agreements: "Client", "You" and "Your" refers to you, the person log on this website and compliant to the Company’s terms and conditions. "The Company", "Ourselves", "We", "Our" and "Us", refers to our Company. "Party", "Parties", or "Us", refers to both the Client and ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the Client in the...

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  Reuters, WASHINGTON, March 16 - On Wednesday, President Joe Biden will announce an additional $800 million in security aid to Ukraine, as Ukrainian President Volodymyr Zelenskiy prepares to make an urgent appeal to Congress for greater assistance in fending off a Russian invasion. The money will come from a large spending bill signed by Biden, which contains $13.6 billion in fresh Ukrainian aid. The fresh funds will be used to give more humanitarian, security, and economic support, with nearly half of the aid package going toward sending troops and defense equipment to Ukraine. Earlier on Wednesday, Russia and Ukraine both highlighted a newfound willingness to compromise as peace talks were poised to restart three weeks after a Russian attack failed to remove Ukraine's government. Biden will fly to Brussels on March 24 for a NATO conference on Russia's invasion of Ukraine, which Moscow refers to as a "special military operation," according to the White House. In rec...

  SEOUL, South Korea, March 16 (Reuters) - According to South Korea's military, North Korea launched a suspected missile that seemed to burst shortly after takeoff in the sky over Pyongyang on Wednesday, amid concerns that the nuclear-armed North was attempting to test-fire its largest missile yet. North Korea may be ready to launch an intercontinental ballistic missile (ICBM) at full range for the first time since 2017, according to the United States and South Korea, in violation of UNSC resolutions. The projectile was launched from Sunan International Airport, just outside Pyongyang, according to a statement from South Korea's Joint Chiefs of Staff (JCS). "It is suspected that it failed shortly after launch," according to the statement. According to a JCS officer, the missile seemed to detonate in mid-air while still in its booster phase, at a height of less than 20 kilometers (12 miles). When asked about the claimed failure, a US State Department official indicated...

  Reuters, March 16 - According to Bloomberg News on Wednesday, the Pentagon will request 61 F-35 stealth jets from Lockheed Martin Corp (LMT.N) in its next budget, which is 33 fewer than previously intended. Requests for comment from Lockheed Martin and the Pentagon were not immediately returned by Reuters. Before the bell, shares of the weapons manufacturer, whose main customer is the US government, were down 1.1 percent. The F-35 is one of the most modern fighter aircraft in the world, and it is a highly sensitive export that is only sold to the US' closest allies. President Joe Biden is poised to ask Congress for a defense budget of more than $770 billion for the next fiscal year, according to Reuters, as the Pentagon attempts to modernize the military. The major defense contractors in the United States, such as Lockheed Martin, Northrop Grumman Corp (NOC.N), and General Dynamics Corp, are projected to benefit from the budget.

Reuters, LONDON, March 16 - On Wednesday, the economic cost of Russia's aggression against Ukraine was made clear as Vladimir Putin's sanctions-ravaged government teetered on the verge of its first international debt default since the Bolshevik revolution. Moscow owed $117 million in interest on two dollar-denominated sovereign bonds it issued in 2013. Even seasoned investors were left guessing about what would happen because of the restrictions it now faces in making payments and suggestions from the Kremlin that it would pay in roubles - risking a default regardless.  It was the most keenly watched government debt payment since Greece's default at the height of the euro zone crisis, according to one analyst. Others have suggested that an emergency 'grace period,' which gives Russia another 30 days to pay, might prolong the situation. "The trouble about defaults is that they're never clear cut," Pictet emerging market portfolio manager Guido Chamorro ...

 (Reuters) - KYIV/LVIV, Ukraine, March 16 - On Wednesday, Russia and Ukraine both emphasized a newfound willingness to compromise as peace talks were scheduled to resume three weeks after a Russian assault failed to topple the Ukrainian government. President Volodymyr Zelenskiy of Ukraine said the negotiations were becoming "more realistic," while Russian Foreign Minister Sergei Lavrov said there was "some possibility for compromise" now that Ukraine's neutral status, a key Russian demand, was on the table. According to the Kremlin, the sides are negotiating a position for Ukraine akin to that of Austria or Sweden, European Union members that are not part of NATO's armed alliance. Russian troops have been halted at the gates of Kyiv three weeks into the invasion, having suffered huge losses and failed to grab any of Ukraine's major cities in a battle that Western diplomats say Moscow expected to win in days. As Moscow grappled with a dearth of new troops...

 Reuters, LVIV/KYIV, Ukraine, March 16 - On Wednesday, Ukrainian President Volodymyr Zelenskiy claimed that peace negotiations were sounding more plausible, but that more time was required, as Russian air strikes killed five people in Kyiv's capital and the number of refugees displaced by Moscow's invasion surpassed 3 million. Following its incursion, which began on February 24 and is the greatest assault on a European state since 1945, Moscow has failed to conquer any of Ukraine's ten main cities. Ukrainian officials have expressed optimism that the war could finish sooner than predicted, maybe by May, citing Moscow's failure to establish a new government by force and the fact that it has run out of new troops. "The discussions are still going on, and from what I've heard, the positions taken during the negotiations are already sounding more plausible. However, more time is required for choices to be made in Ukraine's best interests "In a video messag...

 The Biden administration isn't happy that Beijing is siding with Moscow in the aftermath of Ukraine's unjustified attack, and it'll tell them so face to face. Jake Sullivan, the national security adviser, will meet with Yang Jiechi, China's top diplomat, in Rome on Monday to address Russia's continued invasion of Ukraine. According to a source familiar with the matter, the meeting is a long-planned follow-up to President Joe Biden's virtual conference with Chinese President Xi Jinping in November. In a written statement, National Security Council spokesman Emily Horne said the meeting's agenda will discuss "ongoing efforts to manage the competitiveness between our two countries and... the implications of Russia's war against Ukraine on regional and global security." However, the administration has minimal expectations for a breakthrough in the Sullivan-Yang negotiations. According to the source, "this meeting is not about negotiating any ...

 Brent Renaud, an award-winning American filmmaker whose work has been featured in the New York Times and other publications, was slain by Russian soldiers in Irpin, a flashpoint town outside of Kyiv. Juan Arredondo, a photographer from the United States, was injured. According to local police officials and several Ukrainian sources, Renaud, 51, was shot in the neck and died after coming under Russian fire while working on Sunday. "Just left roadside area near Irpin where body of American journalist Brent Renaud lay under a blanket," Jane Ferguson, a reporter for PBS Newshour who was present when Renaud was killed, tweeted. By that point, Ukrainian medics were powerless to help him. 'Tell America, tell the world, what they did to a journalist,' an outraged Ukrainian police officer said. Contrary to earlier claims, New York Times deputy managing editor Clifford Levy published a statement on Twitter explaining that Renaud was not on assignment for the publication. ...

 The global oil market was already tight before Russia's invasion of Ukraine, but Putin's conflict and its effects on Russian crude supply and energy prices have the potential to send the world into a severe supply shock akin to the Arab oil embargo of 1973. As demand recovers, oil stocks in key oil-consuming industrialized nations, particularly the United States, have been slowly declining for several months. Commercial crude inventories in the United States are 411.6 million barrels, which is 13% lower than the five-year average for this time of year. According to the EIA's latest inventory report for the week ending March 4, gasoline inventories are 1% higher than the five-year average, but distillate fuel inventories are 18% lower, and propane/propylene inventories are 21% lower than the five-year average for this time of year. As demand picks up, global oil supply has struggled to keep up, with OPEC+ adding only 400,000 barrels per day to its monthly output. Because ma...

 According to a source, Iran claimed responsibility for firing ballistic missiles towards the US consulate in Erbil, Iraq, claiming the assault was in retribution for an Israeli strike in Syria that killed two Iranian Revolutionary Guard soldiers. The incident caused no injuries, and the vacant facility was not damaged, according to the State Department. According to the Associated Press, the Revolutionary Guard stated it attacked an Israeli "strategic center of conspiracy" in Erbil, and a later statement acknowledged targeting Israel and referenced a recent attack on two members of the militant organization. "Any more Israeli assaults will be greeted with a strong, decisive, and catastrophic reaction," the statement continued. Initially, an Iraqi official claimed that three missiles were fired at the US consulate in Erbil, Iraq's Kurdistan region's city. Later, Kurdistan's foreign media office said that none of the rockets hit the facility, but that the...