Latest news with #NIS
American Military News
10 hours ago
- Politics
- American Military News
North Korea may send more troops to Russia by August, South Korea says
This article was originally published by Radio Free Asia and is reprinted with permission. North Korea may deploy more troops to Russia as early as July or August to aid in its war against Ukraine, with recruitment efforts already underway for another wave of military support to Moscow, South Korean intelligence told lawmakers Thursday. Last week, Russia's Security Council Secretary Sergei Shoigu said North Korean leader Kim Jong Un has decided to send 5,000 military construction workers and 1,000 sappers, or combat engineers, to support demining and reconstruction efforts in the Kursk border region, according to Russian state media Tass and RIA Novosti. Since last fall, North Korea has already deployed more than 12,000 troops to Russia to fight Ukrainian forces who occupied parts of the Kursk region in August, according to Ukraine, the United States, and South Korea. In April, Russia and North Korea confirmed their soldiers fought the Ukrainian forces together there but did not disclose how many. In a closed-door meeting on Thursday, South Korea's National Intelligence Service (NIS) told a parliamentary committee that North Korea recently began recruiting additional troops and will likely send them to Russia in July or August. The NIS noted that North Korea's deployment of military troops to Russia last year also came just a month after Shoigu's visit to the country where he signed an agreement with officials in Pyongyang, said South Korean lawmaker Lee Seong Kweun who attended the briefing. The NIS also said North Korea has been continuing to contribute significantly to Russia's war effort, including providing weapons. Moscow, in turn, provided Pyongyang with economic cooperation, air defense missiles, and radio jamming equipment, it said. Russia has also been providing technical advice to North Korea on satellite launches, drones, and missile guidance capabilities, Lee said, citing the NIS. 'The National Intelligence Service reported that it is working to minimize the impact on the security of the Korean Peninsula as the close relationship between North Korea and Russia may expand due to the additional dispatch of North Korean combat troops,' Lee said. Last year, Russian President Vladimir Putin visited North Korea for talks with Kim Jong Un and signed a mutual defense treaty. Since then, the two countries have aligned closely through military cooperation, including the deployment of North Korean troops to Russia. Reports of North Korean troop deployment to Russia first surfaced last October. While evidence of their presence grew – including when North Korean soldiers were taken captive by Ukrainian forces in Kursk and were interviewed – neither North Korea nor Russia acknowledged their presence until this year in April.
Time of India
15 hours ago
- Business
- Time of India
Serbia's NIS receives further sanctions reprieve from US
Serbia's largest energy producer was spared sanctions by the United States for another month on Friday, extending an early reprieve for the majority Russian-owned firm. NIS, which operates the country's only oil refinery, said in a statement to AFP that the US government had agreed to delay sanctions - first announced in January as part of Washington's crackdown on the Russian energy sector. "The US Department of the Treasury has issued a new special license postponing the full implementation of sanctions," NIS said. Majority owned by energy giant Gazprom, the company has now managed to negotiate four extensions to avoid a broad package of sanctions originally due to begin in February. The sanctions are now due to come into effect on July 29, NIS said. If implemented, these sanctions would require the complete withdrawal of Russian interests and the sale of their shares -- or nationalisation. Introduced by former US president Joe Biden, the measure was aimed at throttling the flow of profits from the lucrative sector to Moscow following its invasion of Ukraine. Serbia has maintained a close relationship with Russia since the invasion and refuses to impose sanctions, unlike the European Union that it hopes to join. Serbia relies heavily on Russian gas supplies, provided by NIS. The contract between Belgrade and Moscow, signed in spring 2022, was due to expire at the end of May. It has been extended until the end of September.
Reuters
2 days ago
- Business
- Reuters
US postpones sanctions against Serbia's NIS oil company for fourth time, Tanjug agency reports
June 27 (Reuters) - The United States has postponed sanctions against the Russian-owned Serbian oil company NIS ( opens new tab for a fourth time, Tanjug news agency reported on Friday. NIS has so far secured three waivers, the last of which was due to expire later on Friday. NIS, which is majority-owned by Russia's Gazprom Neft ( opens new tab and Gazprom ( opens new tab, operates Serbia's only oil refinery in the town of Pancevo, just outside the capital, Belgrade. The facility has an annual capacity of 4.8 million tons and covers most of the Balkan country's needs. Sanctions could jeopardise its supplies of crude. The U.S. Treasury's Office of Foreign Assets Control initially placed sanctions on Russia's oil sector on January 10, and gave Gazprom Neft 45 days to exit ownership of NIS. On February 26, Gazprom Neft transferred a stake of around 5.15% in NIS to Gazprom in an attempt to ward off sanctions. Gazprom Neft now owns 44.85% of NIS, while Gazprom has 11.3%. The Serbian government owns 29.87%, with the remaining shares held by small shareholders. NIS imports about 80% of its oil needs through Croatia's pipeline operator Janaf. The remainder is covered by its own crude oil production in Serbia.
Yahoo
2 days ago
- Business
- Yahoo
Mirion Technologies (MIR) Hits New All-Time High on Westinghouse Partnership
We recently published . Mirion Technologies, Inc. (NYSE:MIR) is one of the Wednesday's top performers. Mirion Technologies rallied to a new all-time high on Wednesday as investor sentiment was buoyed by its partnership with a global nuclear power company for the supply of Nuclear Instrumentation Systems (NIS). Under the agreement, Westinghouse Electric Company and Mirion Technologies, Inc. (NYSE:MIR) will collaborate to provide advanced digital Excore Nuclear Instrumentation Systems (NIS), leveraging the Mirion proTK product line to upgrade aging NIS in operating nuclear power plants. According to Mirion Technologies, Inc. (NYSE:MIR), the Mirion proTK product line represents an advanced and reliable Ex-core neutron flux measurement solution to replace the outdated equipment that can be costly and labor-intensive to maintain. The upgrade will be offered exclusively through Westinghouse for both Westinghouse and Combustion Engineering-designed PWRs worldwide. A radiation oncologist overseeing the delivery of radiation therapy to a patient. 'We are committed to advancing the nuclear industry through proven radiation safety technologies and expertise, and this partnership with Westinghouse underscores the importance of digital innovation,' said Mirion Technologies, Inc. (NYSE:MIR) President Loic Eloy. While we acknowledge the potential of MIR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
The Hindu
2 days ago
- Politics
- The Hindu
North Korea may send more troops to Russia in July or August for Ukraine war, Seoul says
North Korea may deploy additional troops to Russia to fight in the war against Ukraine in July or August, and Pyongyang is continuing to supply arms to Russia, South Korean lawmakers said on Thursday (June 26, 2025), citing a briefing by the intelligence agency. The National Intelligence Service (NIS) believes Russia may be readying to mount a large-scale assault against Ukraine in July or August, South Korean member of parliament Lee Seong-kweun told reporters after the closed-door briefing. Also Read | North Korea plans to send military construction workers and deminers to Russia "The timing of the additional deployment is that it could be as early as July or August," Mr. Lee said, adding the agency cited a new round-up of troops for the dispatch by North Korea and a recent visit to Pyongyang by a top Russian presidential security official as grounds for its assessment. In return for North Korea sending artillery ammunition and missiles to Russia, Pyongyang is likely receiving technical advice on satellite launches and missile guidance systems, Lee said, citing the NIS briefing. After months of silence, both North Korea and Russia have disclosed the deployment of North Korean troops and the role they played in Moscow's offensive against Ukraine to reclaim the Kursk region. The two countries said the cooperation is based on the treaty signed by their leaders in June last year that includes a mutual defense pact.
