Latest news with #Estonia
Forbes
2 hours ago
- Business
- Forbes
U.S. - China Rare Earths Minerals Deal Can Be Upscaled Via G20
Samples of rare metals displayed in Sillamae, Estonia, where a company is building a new plant to ... More try and challenge China's grip on rare earth magnets, a vital component of electric vehicles. Photographer: Peter Kollanyi/Bloomberg The announcement of a deal between the United States and China on rare earth magnets for a range of technologies is a welcome reprieve for many technology companies and for the defense sector as well. Yet, this deal remains fragile in the context of capricious tariffs and a dysfunctional dispute resolution system within the World Trade Organization. What is now needed is to capitalize on the deal and use it as a confidence-building measure to establish a longer-term international agreement for managing critical minerals supply. In a recent paper, myself and a coalition of scholars from across a range of mineral producing and consuming countries have argued for a 'minerals trust' for the green transition. We also prepared an accompanying policy brief under the auspices of the United Nations University to provide specific policy recommendations ahead of the G7 meeting in Canada earlier this month. The G7 issued a communique on critical minerals on June 17th which was fairly broad in scope but most noteworthy was the fact that China was not singled out for constraining mineral supply. Furthermore, the communique explicitly mentioned the role of the more multilateral G20 organization in furthering aspirations for investment, particularly through the G20 Compact for Africa. China as well as Russia are of course members of the G20 along with other key mineral producers such as Indonesia, Saudi Arabia, Türkiye, Brazil and South Africa. It would be opportune to now move the conversations on minerals diplomacy to the G20 which will incidentally be chaired by the United States of America in 2026. A key intermediary step will be the planned critical minerals conference this September in Chicago which has been announced already at the G7 meetings. At this conference, there needs to be consensus reached on what are realistic targets for 'near-shoring' and diversification based on thigh quality ore bodies and economically feasible technologies. Mineral extraction sites are geologically determined and any policies that set targets for domestic production need to be predicated in geoscience. The challenge at present is that there are more than 400 national policies on critical minerals in various forms worldwide according to the International Energy Agency's policy tracking tool. Most of these policies are not aligned with geoscience or economics of extraction. Furthermore, they often neglect the prospects for a circular economy as well for minerals. The rare earths deal between the United States and China should be expanded to have a systems level approach towards building a minerals trust, particularly for those metals needed for the Green Transition. The trust would also provide opportunities to have stockpiles and source metals from recycled sources. Currently, less than 5% of rare earth magnets are recycled but this may soon change based on recent technologies that have been developed by Swiss Federal Institute of Technology in Zurich (ETH). Yet much of the infrastructure from which these magnets would be recycled is also in China. Ultimately, even with diversification efforts, China's role in sourcing rare earths from both primary and secondary source cannot be discounted and pursuing a cooperative approach is both ecologically and economically prudent.
New York Times
6 hours ago
- Health
- New York Times
U.S. Charges 11 in Russia-Based Scheme to Bilk Medicare of $10.6 Billion
When hundreds of thousands of Medicare recipients were billed for expensive medical equipment they never asked for in 2023, doctors and health care providers around the United States feared a far-reaching fraud. Those fears were well-founded, federal prosecutors say. The surge in Medicare claims, for urinary catheters, braces and other durable medical equipment, was part of one the largest schemes ever designed to defraud the program, according to an indictment unsealed in the Eastern District of New York this week. The indictment charges 11 citizens of the United States, Estonia and the Czech Republic with working for a criminal organization based in Russia that, prosecutors say, defrauded Medicare of $10.6 billion. The scheme involved buying dozens of companies that were accredited to submit claims to Medicare and the program's supplemental insurers, prosecutors say. Then, using personal information stolen from more than a million Americans, the defendants filed billions of dollars in claims for equipment that had not been ordered by Medicare beneficiaries and was not delivered to them, according to the indictment. Even if the patients themselves did not pay for the phantom medical supplies, such schemes can affect Medicare recipients by causing premium costs to rise. Want all of The Times? Subscribe.
BreakingNews.ie
8 hours ago
- Politics
- BreakingNews.ie
McGrath defends Kallas over comments about Ireland
Ireland's EU Commissioner doesn't think the vice president of the Commission meant to offend anyone when she commented on neutrality last week. Kaja Kallas, the former prime minister of Estonia, said the country's policy lacked understanding of "atrocities, mass deportations, suppression of culture and language". Advertisement Sinn Féin MEP Kathleen Funchion has asked her to apologise for the comments. But Justice Commissioner Michael McGrath thinks what she said was over-interpreted. Mr McGrath said: "I know from my engagement with her that she has a deep affinity for Ireland, there was no malice whatsoever intended in her remarks. "She is a very knowledgeable, very intelligent, very respectful person. She was speaking freely in an open debate in the Parliament, which is something that should be encouraged."
Russia Today
11 hours ago
- Politics
- Russia Today
Kremlin responds to prospect of NATO nuclear-capable jets on Russian border
Russia sees Estonia's willingness to host nuclear-capable NATO aircraft as a direct threat to its security, Kremlin spokesman Dmitry Peskov said on Friday. Responding to recent remarks made by Estonian Defense Minister Hanno Pevkur welcoming such deployments, Peskov warned that the presence of F-35 fighter jets in the Baltic region would be considered a serious provocation. He criticized Tallinn's stance as 'absurd,' adding that relations with Moscow 'can hardly get any worse.' Pevkur told local media that F-35s, which are capable of being equipped with nuclear weapons, 'have already been in Estonia and will soon return again in rotation,' and expressed the country's readiness to accommodate allied forces using such aircraft. The Baltic states of Estonia, Latvia, and Lithuania have hosted NATO fighter rotations since joining the military bloc in 2004. Their airspace is patrolled by allied aircraft due to limited domestic capabilities. NATO's eastern expansion has long been a point of contention for Russia, which accuses the West of breaking post-Cold War assurances. During this week's NATO summit in The Hague, British Prime Minister Keir Starmer confirmed the planned purchase of at least 12 F-35A jets, thus restoring the UK's airborne nuclear deterrent for the first time since the 1990s. Although the US, UK, and France are the only official nuclear powers within NATO, American nuclear weapons remain stationed in several non-nuclear allied countries. Moscow claims that US-led training of NATO pilots for nuclear missions violates the spirit of non-proliferation agreements. Citing the need to counter rising threats from NATO near its borders, Russia deployed tactical nuclear weapons to Belarus and held joint drills with Belarusian forces last year.
Arab News
13 hours ago
- Politics
- Arab News
Kremlin says Estonia's readiness to host nuclear-capable NATO jets threatens Russia
Pevkur said Estonia was ready to host nuclear-capable jets if necessaryPeskov said such a move would be an obvious threat to RussiaMOSCOW: The Kremlin said on Friday that Estonia's stated readiness to host NATO allies' U.S.-made F-35A stealth jets, capable of carrying nuclear weapons, posed a direct threat to Defence Minister Hanno Pevkur told the Postimees news outlet on Thursday that Estonia - which borders Russia and is a rotating base for NATO jets tasked with protecting Baltic airspace - was ready to host nuclear-capable jets if necessary."If some of them, regardless of their country of origin, have a dual-use capability to carry nuclear weapons it doesn't affect our position on hosting F-35s in any way," the outlet cited him as saying."Of course we are ready to host our allies."Pevkur was speaking after Britain, a NATO member, announced it would buy at least 12 F-35A jets capable of carrying nuclear warheads and that they would join NATO's airborne nuclear about Pevkur's comments, Kremlin spokesman Dmitry Peskov said such a move would be an obvious threat to Russia."Of course it would be an immediate danger," Peskov told a journalist from Russia's Life news outlet. He said the statement was one of many "absurd thoughts" voiced by politicians in the Baltic region, which comprises Estonia, Latvia and Lithuania."We have practically no relations with the Baltic republics because it is very difficult to make them worse," he said.
