‘It is impossible’ for US-Russia relations to improve while sanctions are in place, Deripaska says

Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it, from the U.S. side, it is impossible.” “If you look at the reality, Russian people (and) American people, they don’t hate each other,” he told CN


Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it, from the U.S. side, it is impossible.” “If you look at the reality, Russian people (and) American people, they don’t hate each other,” he told CN
‘It is impossible’ for US-Russia relations to improve while sanctions are in place, Deripaska says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith, natasha turak
Keywords: news, cnbc, companies, place, impossible, way, improve, treasury, deripaska, flexing, muscle, sanctions, russian, wider, moscow, relations, west, usrussia


'It is impossible' for US-Russia relations to improve while sanctions are in place, Deripaska says

Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship.

Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it, from the U.S. side, it is impossible.”

“If you look at the reality, Russian people (and) American people, they don’t hate each other,” he told CNBC’s Geoff Cutmore during an exclusive interview in Moscow. “In the heart of the Russian people, I think there is room to go and start a new page but the problem is all of this muscle flexing from both sides.”

Deripaska on Friday filed a lawsuit against the U.S. Treasury Department to lift the sanctions it placed on him last year as part of a wider retaliation for Russian interference in the U.S. election and what the Treasury described as its “malign activity around the globe.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith, natasha turak
Keywords: news, cnbc, companies, place, impossible, way, improve, treasury, deripaska, flexing, muscle, sanctions, russian, wider, moscow, relations, west, usrussia


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Putin ally Deripaska explains why he’s suing US Treasury Department

Oleg Deripaska, a Russian billionaire known to have ties to the government of President Vladimir Putin, said on Sunday he would fight the U.S. government in court for “weaponizing the financial system” against him. The metals tycoon launched a lawsuit against the U.S. Treasury Department on Friday, in an attempt to cast off sanctions placed on him last year. “I personally was taken in this step by full surprise, and I hope that sooner or later people will recognize it is wrong,” Deripaska said.


Oleg Deripaska, a Russian billionaire known to have ties to the government of President Vladimir Putin, said on Sunday he would fight the U.S. government in court for “weaponizing the financial system” against him. The metals tycoon launched a lawsuit against the U.S. Treasury Department on Friday, in an attempt to cast off sanctions placed on him last year. “I personally was taken in this step by full surprise, and I hope that sooner or later people will recognize it is wrong,” Deripaska said.
Putin ally Deripaska explains why he’s suing US Treasury Department Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith, natasha turak, -timothy ash, senior emerging markets strategist, bluebay asset management
Keywords: news, cnbc, companies, wrong, department, surprise, vladimir, ally, deripaska, suing, personally, yearon, hes, explains, sanctions, launched, worse, weaponizing, putin, treasury


Putin ally Deripaska explains why he's suing US Treasury Department

Oleg Deripaska, a Russian billionaire known to have ties to the government of President Vladimir Putin, said on Sunday he would fight the U.S. government in court for “weaponizing the financial system” against him.

The metals tycoon launched a lawsuit against the U.S. Treasury Department on Friday, in an attempt to cast off sanctions placed on him last year.

On Sunday he told CNBC’s Geoff Cutmore in Moscow that he launched the suit to clear his name, and he denied that the Kremlin encouraged his legal action against the sanctions. He expressed surprise at U.S. actions against him.

“I personally was taken in this step by full surprise, and I hope that sooner or later people will recognize it is wrong,” Deripaska said.

“It is getting worse and worse,” he said. “Last hearing in Congress, when people start blaming me personally for any sort of things which I had no connection … (it is) just fantasy.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith, natasha turak, -timothy ash, senior emerging markets strategist, bluebay asset management
Keywords: news, cnbc, companies, wrong, department, surprise, vladimir, ally, deripaska, suing, personally, yearon, hes, explains, sanctions, launched, worse, weaponizing, putin, treasury


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US mulls measures against human rights violators in China’s Xinjiang

The United States is considering measures against those responsible for human rights violations against Muslims in China’s Xinjiang region, a U.S. State Department spokesman said on Thursday, calling it a “great shame for humanity.” “We are committed to promoting accountability for those who are committing these violations and considering targeted sanctions as well, targeted measures, as well,” spokesman Robert Palladino told reporters at a regular briefing. In announcing the U.S. State Departme


The United States is considering measures against those responsible for human rights violations against Muslims in China’s Xinjiang region, a U.S. State Department spokesman said on Thursday, calling it a “great shame for humanity.” “We are committed to promoting accountability for those who are committing these violations and considering targeted sanctions as well, targeted measures, as well,” spokesman Robert Palladino told reporters at a regular briefing. In announcing the U.S. State Departme
US mulls measures against human rights violators in China’s Xinjiang Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: yasin ozturk, anadolu agency, getty images
Keywords: news, cnbc, companies, xinjiang, spokesman, chinas, china, violators, targeted, human, considering, rights, mulls, measures, sanctions, state


US mulls measures against human rights violators in China's Xinjiang

The United States is considering measures against those responsible for human rights violations against Muslims in China’s Xinjiang region, a U.S. State Department spokesman said on Thursday, calling it a “great shame for humanity.”

“We are committed to promoting accountability for those who are committing these violations and considering targeted sanctions as well, targeted measures, as well,” spokesman Robert Palladino told reporters at a regular briefing.

Palladino later said he misspoke when he said sanctions. He did not elaborate on what he meant by targeted measures.

“We will continue to call on China to end these policies and to free these people who have been arbitrarily detained,” he said.

Palladino said he echoed Turkey’s description of the Xinjiang situation, in calling it a “great shame for humanity.”

Palladino spoke after China hit back on Thursday in unusually strong terms at U.S. State Department criticisms of its Xinjiang policies.

In announcing the U.S. State Department’s annual “Country Reports on Human Rights Practices” on Wednesday, its top human rights official said the abuses in Xinjiang were of a kind not seen since the 1930s and Secretary of State Mike Pompeo said China was “in a league of its own when it comes to human rights violations.”

U.S. officials have said the Trump administration was considering sanctions targeting companies and officials linked to China’s crackdown, including Xinjiang Party Secretary Chen Quanguo, who, as a member of the powerful politburo, is in the upper echelons of China’s leadership.

China has roundly rejected concern about its policies in Xinjiang, where rights groups say the government is operating internment camps holding a million or more Muslims. China says they are vocational training centers aimed at de-radicalization.

It has warned of retaliation if Washington were to target Chen and the U.S. administration has yet to act despite complaints about its lack of action from U.S. lawmakers.

Any sanctions decision against so senior an official as Chen would be a rare move on human rights grounds against China by the Trump administration, which is engaged in closely-watched talks with Beijing to try to resolve a trade war.

Chinese Foreign Ministry spokesman Lu Kang said earlier on Thursday that the U.S. human rights report was as usual filled with “ideological prejudice” and groundless accusations. He said China had lodged a complaint with Washington about it.

Lu said China fully safeguards human rights and that the United States should take a hard look at its own domestic human rights record.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: yasin ozturk, anadolu agency, getty images
Keywords: news, cnbc, companies, xinjiang, spokesman, chinas, china, violators, targeted, human, considering, rights, mulls, measures, sanctions, state


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South Korea’s Moon replaces unification minister to improve ties with Pyongyang

South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.” Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing. The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further


South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.” Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing. The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further
South Korea’s Moon replaces unification minister to improve ties with Pyongyang Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: pyeongyang press corps pool, getty images
Keywords: news, cnbc, companies, minister, sanctions, korean, improve, ties, moons, moon, pyongyang, unification, replaces, north, summit, factory, koreas, south, office


South Korea's Moon replaces unification minister to improve ties with Pyongyang

South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.”

Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing.

“He’s the right man who can actively embody the president’s vision for a new Korean peninsula, a new peace and cooperation community, by carrying out the Unification Ministry’s main policy tasks without a hitch and implementing inter-Korean agreements in a speedy manner,” Moon’s spokesman told a news briefing.

The change was part of Moon’s largest cabinet reshuffle since taking office in 2017, with new ministers for the interior, land and transportation, culture and sport, oceans and fisheries, science and technology, and small and medium enterprises.

The shake-up allows incumbent aides to run in parliamentary elections next year, analysts said, and turns a page for an administration facing a sluggish economy and sagging popularity.

The removal of Cho, who has yet to say if he will enter politics, comes a week after the second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un failed to narrow their differences on dismantling the North’s nuclear programme and U.S. willingness to ease sanctions.

The failed summit was a blow for Moon, who had hoped U.S. sanctions relief would boost South-North projects including a factory park, tourism zone and railway network.

Ahead of the Hanoi summit, a rift opened within Moon’s administration over how to advance Korean ties without undercutting international sanctions and the alliance with the United States.

Some top aides, including national security adviser Chung Eui-yong, had pushed for the economic projects to go ahead. Cho and other aides favoured sticking to Trump’s “maximum pressure” campaign to force the North’s denuclearisation.

Cho’s advocacy of strict sanctions enforcement surprised — and drew complaints from — many officials.

The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further improve ties with the North, officials said.

It could also signal deeper divisions within Moon’s government, some analysts said, and fuel U.S. concerns that the South may be moving too quickly with the North.

Kim, 55, is a North Korea studies professor and adviser to a previous administration in which Moon also served.

More recently, he advised Moon’s office on Korean summits before moving to head the think tank affiliated with the Unification Ministry.

Kim was a vocal critic of the 2016 decision to close the Kaesong factory after Seoul’s then-conservative government said the North had diverted wages paid to its workers by South Korean firms to bankroll its weapons programmes.

A private panel appointed by the Unification Ministry under Moon said there was no evidence to back up that charge, and Kim has since called for the factory to reopen.

The factory, alongside a railway and tourism project, are important parts of Moon’s initiative to build a pan-peninsula economic community which he has said will also benefit South Korea’s economy.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: pyeongyang press corps pool, getty images
Keywords: news, cnbc, companies, minister, sanctions, korean, improve, ties, moons, moon, pyongyang, unification, replaces, north, summit, factory, koreas, south, office


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US Secretary of State is ‘hopeful’ for more talks with North Korea after Hanoi summit

U.S. Secretary of State Mike Pompeo said on Monday he was hopeful the United States would send a delegation to North Korea in the coming weeks, after talks between President Donald Trump and North Korean leader Kim Jong Un ended with no agreement. “I am hopeful, although I have no commitment yet, that we will be back at it, that I’ll have a team in Pyongyang in the next couple weeks,” Pompeo told the Iowa Farm Bureau. The two sides gave different reasons for the abrupt end in last week’s talks a


U.S. Secretary of State Mike Pompeo said on Monday he was hopeful the United States would send a delegation to North Korea in the coming weeks, after talks between President Donald Trump and North Korean leader Kim Jong Un ended with no agreement. “I am hopeful, although I have no commitment yet, that we will be back at it, that I’ll have a team in Pyongyang in the next couple weeks,” Pompeo told the Iowa Farm Bureau. The two sides gave different reasons for the abrupt end in last week’s talks a
US Secretary of State is ‘hopeful’ for more talks with North Korea after Hanoi summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, summit, talks, nuclear, korean, sanctions, hopeful, told, weeks, pompeo, secretary, hanoi, korea, north, state, trump


US Secretary of State is 'hopeful' for more talks with North Korea after Hanoi summit

U.S. Secretary of State Mike Pompeo said on Monday he was hopeful the United States would send a delegation to North Korea in the coming weeks, after talks between President Donald Trump and North Korean leader Kim Jong Un ended with no agreement.

The leaders’ second summit in the Vietnamese capital of Hanoi collapsed last week without any agreement or immediate plan for a third meeting between them, or their delegations.

“I am hopeful, although I have no commitment yet, that we will be back at it, that I’ll have a team in Pyongyang in the next couple weeks,” Pompeo told the Iowa Farm Bureau.

“I’m continuing to work to find those places where there’s a shared interest.”

The two sides gave different reasons for the abrupt end in last week’s talks about denuclearization on the Korean Peninsula. Trump told reporters on Thursday that North Korea wanted all of the sanctions lifted in their entirety.

But North Korean foreign minister Ri Yong Ho disputed that claim during a midnight news conference, saying North Korea had asked only for a partial lifting of the sanctions in exchange for dismantling its main nuclear site at Yongbyon.

“We’ve been engaged in the fundamental proposition of trying to convince Chairman Kim, who is 35 years old, that the historic strategy which said that, absent nuclear weapons, North Korea will fall, that the government will fall, that it was their only way of achieving security for their country. And they trust that. They’re confident that that will protect them,” Pompeo said on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, summit, talks, nuclear, korean, sanctions, hopeful, told, weeks, pompeo, secretary, hanoi, korea, north, state, trump


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South Korea may be the biggest loser in failed talks at the Trump-Kim summit

South Korea — and its President Moon Jae-in — may be the biggest losers after a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un ended without a deal, analysts said. The summit was cut short on the final day after both sides failed to agree on denuclearizing North Korea and lifting economic sanctions on Pyongyang. “South Korea loses the most from the Hanoi summit ending without agreement,” according to Alison Evans, deputy head of Asia Pacific country risk at consul


South Korea — and its President Moon Jae-in — may be the biggest losers after a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un ended without a deal, analysts said. The summit was cut short on the final day after both sides failed to agree on denuclearizing North Korea and lifting economic sanctions on Pyongyang. “South Korea loses the most from the Hanoi summit ending without agreement,” according to Alison Evans, deputy head of Asia Pacific country risk at consul
South Korea may be the biggest loser in failed talks at the Trump-Kim summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: yen nee lee, antonio masiello, getty images news, getty images
Keywords: news, cnbc, companies, north, trumpkim, korea, support, sanctions, loser, moons, failed, president, talks, kim, biggest, moon, hanoi, summit, south


South Korea may be the biggest loser in failed talks at the Trump-Kim summit

South Korea — and its President Moon Jae-in — may be the biggest losers after a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un ended without a deal, analysts said.

Trump and Kim met in Hanoi, Vietnam for a two-day meeting that ended Thursday. The summit was cut short on the final day after both sides failed to agree on denuclearizing North Korea and lifting economic sanctions on Pyongyang.

“South Korea loses the most from the Hanoi summit ending without agreement,” according to Alison Evans, deputy head of Asia Pacific country risk at consultancy IHS Markit.

For Seoul, Thursday’s developments dimmed prospects of re-starting inter-Korean projects that have been stalled by sanctions, Evans wrote in a Thursday note. Political support for Moon could also fall further, she added.

“Importantly, Moon’s support rating has fallen steadily … Without progress on North Korea, Moon’s domestic agenda becomes his only metric of success for voters, who have already criticised his administration for failing to deliver on economic metrics such as unemployment,” she added.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: yen nee lee, antonio masiello, getty images news, getty images
Keywords: news, cnbc, companies, north, trumpkim, korea, support, sanctions, loser, moons, failed, president, talks, kim, biggest, moon, hanoi, summit, south


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US adds 6 to Venezuela sanctions list amid political crisis

The U.S. is adding six high-ranking Venezuelan security officials on its international sanctions list as it steps up pressure on the government of President Nicolas Maduro. The six include officials with the National Guard and police blamed for their roles in blocking humanitarian aid convoys into Venezuela. The sanctions freeze any assets the people may have under U.S. jurisdiction and prevent anyone in the U.S. from conducting financial transactions with them. It’s part of a campaign to pressu


The U.S. is adding six high-ranking Venezuelan security officials on its international sanctions list as it steps up pressure on the government of President Nicolas Maduro. The six include officials with the National Guard and police blamed for their roles in blocking humanitarian aid convoys into Venezuela. The sanctions freeze any assets the people may have under U.S. jurisdiction and prevent anyone in the U.S. from conducting financial transactions with them. It’s part of a campaign to pressu
US adds 6 to Venezuela sanctions list amid political crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: luis robayo, afp, getty images
Keywords: news, cnbc, companies, political, widely, viewed, amid, security, pressure, president, venezuela, adds, venezuelan, officials, maduro, crisis, sanctions, list


US adds 6 to Venezuela sanctions list amid political crisis

The U.S. is adding six high-ranking Venezuelan security officials on its international sanctions list as it steps up pressure on the government of President Nicolas Maduro.

The six include officials with the National Guard and police blamed for their roles in blocking humanitarian aid convoys into Venezuela. They were announced by the Treasury Department on Friday.

The sanctions freeze any assets the people may have under U.S. jurisdiction and prevent anyone in the U.S. from conducting financial transactions with them.

It’s part of a campaign to pressure Maduro to step down and turn over power to opposition leader Juan Guaido.

The U.S. recognized Guaido as interim president last month. Maduro was re-elected last year in an election widely viewed as illegitimate, but the security services have remained loyal.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: luis robayo, afp, getty images
Keywords: news, cnbc, companies, political, widely, viewed, amid, security, pressure, president, venezuela, adds, venezuelan, officials, maduro, crisis, sanctions, list


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Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says

U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions. “It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.” “Bas


U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions. “It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.” “Bas
Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, jorge silva, linh pham, getty images
Keywords: news, cnbc, companies, trump, sanctions, trumpkim, short, north, demanded, president, summit, end, options, korean, korea, walk, wanted, cut, kim


Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says

U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions.

“It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. “We had some options, and at this time we decided not to do any of the options, and we’ll see where that goes.”

“Sometimes you have to walk, and this was just one of those times,” he added.

The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.”

At the end of the day, though, Trump said he “would not have been happy about” any deal he saw on the table for Thursday’s talks.

“Basically, they wanted the sanctions lifted in their entirety and we couldn’t do that,” Trump said. “They were willing to de-nuke a large portion of the areas that we wanted, but we couldn’t give up all of the sanctions for that. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. We had to walk away from that.”


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, jorge silva, linh pham, getty images
Keywords: news, cnbc, companies, trump, sanctions, trumpkim, short, north, demanded, president, summit, end, options, korean, korea, walk, wanted, cut, kim


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Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un

Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. He added that the “president should be commended for walking away when it became clear insufficient progress has been m


Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. He added that the “president should be commended for walking away when it became clear insufficient progress has been m
Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, walking, democrats, trump, president, deal, jong, korea, walk, congress, away, kim, talks, north, sanctions, cheering


Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un

Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday.

Talks in Vietnam between Trump and Kim abruptly ended Thursday before a planned lunch and signing ceremony for some kind of agreement. Trump said he cut the summit short because the sides could not come to terms on whether to remove sanctions on North Korea as they seek a path to Pyongyang’s denuclearization.

“Sometimes you have to walk, and this was just one of those times,” the U.S. president said during a news conference following the summit.

Congressional leaders largely cheered Trump for backing out of talks instead of agreeing to unfavorable terms. Democrats in particular said they had worried about the president striking an inadequate deal — in part to alleviate pressure created by his former lawyer Michael Cohen’s explosive Capitol Hill testimony on Wednesday.

“I was pleased to see the president recognize North Korea’s unwillingness to strike a comprehensive deal,” Senate Minority Leader Chuck Schumer said on the Senate floor Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. … I’ve always been concerned about the possibility of a bad deal, especially with the other pressures currently on the president.”

While House Speaker Nancy Pelosi declared Kim “the big winner” for getting two face-to-face meetings with the U.S. president, she praised Trump for walking away on Thursday. The California Democrat told reporters “it’s good that the president did not give him anything for the little that he was proposing.”

Trump has pushed North Korea to give up its nuclear weapons, touting the economic benefits the repressive country could see if the U.S. and international community ease sanctions. Kim is reluctant to give up nuclear weapons and the leverage they give him.

Trump hopes to notch a signature foreign policy achievement by pushing North Korea to denuclearize. He also wants to show he could accomplish what his predecessor President Barack Obama could not. Trump has repeatedly claimed the U.S. was on the brink of war with Pyongyang before he took office, although Obama administration veterans dispute this characterization.

But Trump’s clamoring for a deal did not drive him to accept one Thursday. The president said he “would not have been happy about” any agreement that would have come out of the leaders’ second summit.

“Basically, they wanted the sanctions lifted in their entirety and we couldn’t do that,” Trump said. “They were willing to denuke a large portion of the areas that we wanted, but we couldn’t give up all of the sanctions for that. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. We had to walk away from that.”

Senate Majority Leader Mitch McConnell called it “smart” to meet Kim in Singapore and in Vietnam to show him the “economic prosperity” possible if North Korea abandons its nuclear and missile programs. He added that the “president should be commended for walking away when it became clear insufficient progress has been made on denuclearization.”

In a tweeted statement, Trump confidant Sen. Lindsey Graham said “it’s better to walk away than sign a bad deal.”


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, walking, democrats, trump, president, deal, jong, korea, walk, congress, away, kim, talks, north, sanctions, cheering


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Iran’s Zarif accuses Israel, US of seeking war

Zarif said the U.S. had an “unhealthy” and “pathological obsession” with Iran and accused Pence of trying to bully his allies. “Look at the map, the U.S. military has traveled 10,000 kilometers to dot all our borders with its bases. But diplomats say it is unlikely to allow the big transactions that Tehran says it needs to keep a nuclear deal afloat. “INSTEX falls short of commitments by the E3 (France, Germany, Britain) to save the nuclear deal,” Zarif said. But still, the defense contractors s


Zarif said the U.S. had an “unhealthy” and “pathological obsession” with Iran and accused Pence of trying to bully his allies. “Look at the map, the U.S. military has traveled 10,000 kilometers to dot all our borders with its bases. But diplomats say it is unlikely to allow the big transactions that Tehran says it needs to keep a nuclear deal afloat. “INSTEX falls short of commitments by the E3 (France, Germany, Britain) to save the nuclear deal,” Zarif said. But still, the defense contractors s
Iran’s Zarif accuses Israel, US of seeking war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: reuters with cnbccom, getty images
Keywords: news, cnbc, companies, trade, israel, zarif, nuclear, tehran, world, deal, sanctions, trying, accuses, accused, iran, seeking, war, irans


Iran's Zarif accuses Israel, US of seeking war

Vice-President Pence on Friday accused Iran of Nazi-like anti-Semitism, maintaining his harsh rhetoric against Tehran just a day he attacked European powers for trying to undermine U.S. sanctions on the Islamic Republic.

Zarif said the U.S. had an “unhealthy” and “pathological obsession” with Iran and accused Pence of trying to bully his allies.

“All in the name of containing Iran, the U.S. claims, and some blindly parrot, that it is Iran that is interfering in the region, but has it been asked whose region?” Zarif said.

“Look at the map, the U.S. military has traveled 10,000 kilometers to dot all our borders with its bases. There is a joke that it is Iran that put itself in the middle of U.S. bases.”

Zarif, who said Iran was committed to the 2015 nuclear deal with world powers for now, also accused France, Britain and Germany of not doing enough to ensure Tehran received the economic benefits of that accord.

These three countries this month set up the Instrument In Support Of Trade Exchanges (INSTEX), a new channel for non-dollar trade with Iran to avoid U.S. sanctions. But diplomats say it is unlikely to allow the big transactions that Tehran says it needs to keep a nuclear deal afloat.

Washington’s major European allies opposed last year’s decision by U.S. President Donald Trump to abandon the deal, which also includes China and Russia, under which international sanctions on Iran were lifted in return for Tehran accepting curbs on its nuclear program.

“INSTEX falls short of commitments by the E3 (France, Germany, Britain) to save the nuclear deal,” Zarif said. “Europe needs to be willing to get wet if it wants to swim against the dangerous tide of U.S. unilateralism.”

Also speaking at the Munich Security Conference, Saudi Arabian Prince Turki Al-Faisal suggested the foreign minister’s words were hypocritical when looking at what Iran is doing in the region.

“They have to reform their conduct before people can accept them as positive players in the world,” he told CNBC’s Hadley Gamble.

Meanwhile, Ian Bremmer, the president and founder of Eurasia Group, believes there is an arms race going on in the region.

“I mean the Saudis of course are spending the most on their defense but the UAE (United Arab Emirates) is ramping up as well, the Iranians are ramping up. It’s going to be more challenging (for Iran) with the recession they are having this year. But still, the defense contractors should be happy in this environment, that’s true all over the world,” he told CNBC in Munich.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: reuters with cnbccom, getty images
Keywords: news, cnbc, companies, trade, israel, zarif, nuclear, tehran, world, deal, sanctions, trying, accuses, accused, iran, seeking, war, irans


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