
Chinese nationals smuggling military gear from Russia: Report
Izvestia, a Russian state-controlled media outlet, cited anonymous sources in a report on Monday regarding an increased number of attempts by Chinese nationals to smuggle military equipment, such as tactical gear and body armor, and dual-use goods out of Russia. The outlet reported that the sources indicated Chinese nationals often use international postal services to conduct the smuggling operations.
Izvestia reported that Russian customs authorities and law enforcement officials have indicated that Chinese nationals have smuggled military uniforms, bulletproof vests, tactical backpacks, and other military equipment that are studied, replicated by using cheap materials, and sold in Russia, Ukraine, and other countries.
According to The Kyiv Independent, the report of Chinese nationals smuggling military equipment out of Russia comes as China has been accused of increased involvement in the war between Russia and Ukraine. The outlet noted that despite Chinese officials denying any supply of weapons to Russia, China has supplied many dual-use goods to Russia throughout the war in Ukraine.
Reuters reported that Ukrainian President Volodymyr Zelensky accused China last week of supplying weapons to Russia.
'We finally have information that China is supplying weapons to the Russian Federation,' Zelensky said. 'We believe that Chinese representatives are engaged in the production of some weapons on the territory of Russia.'
READ MORE: Videos: 150+ Chinese citizens fighting for Russia in Ukraine: Report
According to Izvestia, the efforts of Chinese citizens smuggling Russian military equipment out of the country have increased since 2022. An anonymous source with knowledge of the market for military gear told the Russian news outlet that the demand for counterfeit military equipment is high due to various loopholes with international shipping and differences in prices.
Izvestia also reported that some of the counterfeit Russian military equipment has been found on the battlefield in Ukraine. A source told the outlet, 'Counterfeit versions of Russian tactical equipment are regularly seen on fallen Ukrainian soldiers in the combat zone.'
Ruslan Shapiev, CEO of RUSARM, a defense contractor, told Izvestia that some of the recent Chinese smuggling incidents could be connected to foreign intelligence services or industrial espionage.
According to the Russian news outlet, Russian law enforcement officials arrested a Chinese national in Moscow earlier this month. Izvestia reported that the Chinese national was accused of smuggling two tactical vests through the mail.
According to Izvestia, an investigation into the incident led to the discovery of multiple other shipments of Russian military equipment to China, including body armor, combat backpacks, and Ratnik transport vests.
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New York Post
18 minutes ago
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UPI
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The GDP is a backwards looking data set. That's why more weight is put on the monthly updates noted above, relating to inflation and the labor market — and of course, the most real-time source of data we can get, earnings. Club earnings So, with that, let's take a look at how earnings went this week for the Club. We heard from Starbucks on Tuesday evening, Meta Platforms and Microsoft on Wednesday evening, Bristol Myers Squibb on Thursday morning, Amazon and Apple on Thursday evening, and Linde on Friday morning. Starbucks : Though the coffee giant reported mixed quarterly results, we heard enough positives to confirm that CEO Brian Niccol's turnaround remains firmly on track. Meta Platforms : The social media powerhouse delivered an absolute blow out quarter, with the only thing better than the results being the guidance. Bristol Myers : The drugmaker delivered a solid quarterly beat and outlook raise. 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Apple : The iPhone maker reported a very respectable quarter. However, when taking into account the price action of the stock this year alongside the reaction to the results, it's clear that investors are not ready to give management much credit until they deliver more clarity about the company's AI strategy. It was encouraging to hear CEO Tim Cook say he's open to M & A to help with that. Linde : The industrial gas stalwart delivered solid quarterly results in a difficult operating environment, demonstrating the company's resiliency no matter the backdrop. Moreover, management raised the low end of its full-year earnings guidance, despite noting that the high end of the range already assumes an economic contraction. It's another important week of corporate earnings ahead, with about a quarter of S & P 500 companies set to report. Six companies in the Club portfolio are on the docket: Coterra Energy , DuPont , Eaton , Disney , Eli Lilly , and Texas Roadhouse . Week in trades It was also a busy week of trades for the portfolio. Kicking off the week, we added to our positions in Cisco Systems and Honeywell . That was followed up by a small trim of Eaton as the stock hit new high. On Tuesday, we locked in a nice profit on Eli Lilly following disappointing news from Novo Nordisk , its main competitor in the GLP-1 market. We also trimmed our position in Wells Fargo as shares finally recovered from their post-earnings decline. On Wednesday, we added to our position in Dover and called out that we would also be adding to our stakes in Starbucks and Palo Alto Networks , we were not restricted. We'll be keeping a close eye on both in the week to come for an opportunity to step in. Palo Alto finished the week down nearly 15% on a four-session losing streak after reports of talks and its confirmation of a $25 billion deal to buy CyberArk were not well received by investors. 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THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.