News / IAG chief slams Heathrow over lack of detail on third runway plans

first_imgAmong Mr Walsh’s concerns was a lack of clarity surrounding what the plans entailed, highlighting the fact the gateway had yet to explain how road traffic would traverse the M25 – bridges or tunnels?However, Mr Walsh agreed with others giving evidence that economics determined that Heathrow should be the site of the UK’s new runway.“I don’t want to downplay Gatwick, but I believe the economic reasons for selecting Heathrow are there,” he continued.“But if Heathrow continues to make promises without disclosing how it will meet these promises prior to receiving approval… maybe alternative proposals should be considered.”Prior to the committee hearing, Heathrow chairman Paul Deighton acknowledged there had been “considerable debate” surrounding the airport’s expansion.But he said expansion was a “once in a generation” opportunity to both reduce negative impacts on local communities and ensure the UK remained a “successful, outward-looking trading nation”.“We can only make these commitments because of the way we plan to expand and because we have long-term shareholders,” said Mr Deighton.“[These shareholders are] supporting long-term decision making, guided by the long-term interests of our communities and our country.”However, he failed to address Mr Walsh’s concerns by explaining any of the details involved in expanding the airport. By Alexander Whiteman 21/02/2018 IAG chief executive Willie Walsh has slammed Heathrow’s chances of getting a new runway built on time and to budget despite the fact that the economic case for it has been there for “decades”.Mr Walsh was speaking during a Transport Select Committee witness hearing on the Airports National Policy Statement for rolling out the third runway that was stamped last year.“History does not demonstrate nor suggest Heathrow is in anyway capable of delivering on time or on budget,” Mr Walsh told the committee.“Terminal Five – there were still works ongoing the day before it opened, and when it did open there was work still needed; I don’t trust them, and nor should you as this is too big an issue.”last_img read more

Good Week, Bad Week: Sunshine returns, a Papal stamp and a call for resignation

first_img Ten Laois based players named on Leinster rugby U-18 girls squad Previous articleRemember the Game: Castletown survive scare to capture the 2000 U-12 ‘B’ Hurling League titleNext articleCul Camps, Daniel O’Donell and Love Island ending – It’s our tweets of the week Sarah Cullenhttp://www.laoistoday.ieSarah Cullen is a Journalism and New Media graduate from the University of Limerick. A Portlaoise native, she is happiest when tweeting and talking about dogs. Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Pinterest Community Pinterest Facebook Jordan Percy It’s a good week for the visually impaired Laois teen who is not letting lack of sight keep him from his passion for wrestlingRathdowney EasyridersLaois charity organisation ready to cycle 220km for charity make it a great week for the Irish Lung Fibrosis Association.Men in LaoisIt’s a wonderful week for any Laois man who fancies himself a looker as Laois’s Hottest Men is back … and we want your nominations!BAD WEEK FOR…Brendan Howlin A Portlaoise-based Labour county councillor has called for a leadership contest within the party, and on Brendan Howlin to resignRathdowney-Erril Clonad dumped last year’s beaten finalists Rathdowney-Errill out of the championship in Shanahoe this week.SEE ALSO – In Pictures: Medals galore for Buggie School of Irish Dancing at Leinster Fleadh Cheoil By Sarah Cullen – 4th August 2018 WhatsApp Facebook Twittercenter_img Home We Are Laois Good Week, Bad Week: Sunshine returns, a Papal stamp and a call… We Are Laois TAGSBad WeekGood Weekgood week bad week WhatsApp Good Week, Bad Week: Sunshine returns, a Papal stamp and a call for resignation As part of a running series, we bring you this week’s ‘Good Week/Bad Week’.To see who has had a good or bad week, we look at different news stories happening in Laois and involving Laois people. Most importantly, it’s all a bit of fun.GOOD WEEK FOR…WeatherHeatwave predicted for Laois this bank holiday weekend is one story that lifted the rain cloud from our head’s this week.One Laois Designer “It’s such a huge honour,” Laois designer delighted to put her stamp on Papal visit makes for once in a lifetime news this week.Pauline Madigan Warm council welcome as Pauline Madigan takes her seat making it a great week for Fianna Fail. Twitter Rugby Five Laois monuments to receive almost €200,000 in government funding Community RELATED ARTICLESMORE FROM AUTHORlast_img read more

Meet the Laois man who is running Ireland’s only gardening podcast

first_img News Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR Facebook By Jamie Dowling – 5th October 2020 Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role SEE ALSO – Talking Sport Podcast: Aisling Kehoe on Portlaoise success, weekend review and cancellation of U-20 championships “It is going really well. It started in February and it was a tough time to start it because a few weeks after, we had the lockdown.“There were very few people looking to meet for interviews, but it has been good and in the last couple of months the numbers have sky rocketed so it’s going great.”Jones has worked in the gardening business for over 25 years and that is where his passion for gardening comes for.John produces one episode per week and currently has 35 of them available to listen to.Topics range from growing perfect potatoes, wildflower meadows, to a range of interviews with well known personalities in the field such as Niall Hatch, Jimi Blake, Brian McCarthy and Andy Walsh.John really enjoys it – but like all of us – isn’t a huge fan of the editing process!He said: “I work in the garden business, not landscaping as such. I’m in the gardening business, it is a interest of mine.“I present the podcast, it’s just like what you guys do here. I try to have someone different on every week.“I don’t particularly enjoy the editing part of it. Its quite tricky but sometimes you get lucky and there aren’t too many changes that have to be made.”You can listen to this week’s Talking Sport episode on Apple Podcasts, Spotify or Podbean or below on Soundcloud. John Jones The world of podcast has grown exponentially in recent years.During the lockdown, a number of new podcasts popped up but one Laois man actually started one just before Covid-19 struck the country – back in February.‘Master My Garden’ – Ireland’s only gardening podcast – belongs to Crettyard native John Jones. The former Crettyard footballer was on the LaoisToday Talking Sport Podcast last week, when he explained how it came about.He said: “I started a gardening podcast called Master My Garden. It is a new thing. It’s the only gardening podcast in Ireland currently. Previous articleWATCH: Local man captures stunning drone footage of Laois villageNext articleNew car sales increase in September in Laois as call made to reduce VRT in Budget Jamie Dowling WhatsApp Twitter WhatsApp Twitter Pinterest Facebook Meet the Laois man who is running Ireland’s only gardening podcast Pinterest Electric Picnic TAGSCrettyardJohn Jonesmaster my gardenPodcast Home News Community Meet the Laois man who is running Ireland’s only gardening podcast NewsCommunity Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Deaths in Laois – Wednesday, April 28, 2021

first_imgHome Deaths Deaths in Laois – Wednesday, April 28, 2021 Deaths Deaths in Laois – Wednesday, April 28, 2021 By LaoisToday Reporter – 28th April 2021 Twitter Twitter Facebook Council Facebook Electric Picnic Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 months Electric Picnic apply to Laois County Council for new date for this year’s festival center_img Pinterest Pinterest Below are the recent local deaths.Paddy ByrneDeVesci Court, Portlaoise, Laois/Donnybrook, DublinByrne Paddy (DeVesci Court, Portlaoise) and formerly Donnybrook and Dundrum. Died April 27th 2021 peacefully at home surrounded by his loving family. Beloved husband of Breda.Dearly loved father to Ger, Karl and Paul. Cherished grandfather to Vayda, Killian, Cameron, Willow, Luke, Leah and Sean. Deeply regretted by his daughters in-law Siobhan, Claire and Nicola. Sisters. Sisters in-law and brothers in-law, nieces and nephews, extended family and friends, May he rest in Peace.Family flowers only , donations if desired to the Oncology unit at St James Hospital.Funeral prayers will take place at Keegans Funeral home Portlaoise at 6 pm on Thursday evening.Given the current exceptional circumstances and to protect the welfare of everyone who knew him, a private funeral with immediate family only, will take place at 12 noon on Friday in Newlands Crematorium. https://www.dctrust.ie/location/newlands-cross/chapel-webstream.htmlThe family thank you for your cooperation, understanding and support during this sensitive time.Bridie Mannion (née Corcoran)Lakeside Park, Loughrea, Galway/Ballyroan, LaoisBridie passed suddenly from this life on Monday 26th of April in Galway University Hospital. She is deeply and deservedly missed by her loving husband Paddy, sons John and Padraic, grandchildren Rory, Cormac and Lucy, sister Moira, brother Pat, nieces, nephews, relatives, extended family, neighbours and many friends.In keeping with HSE, NPHET and Public Health guidelines, attendance at funerals is limited. Please respect the privacy of the family during this difficult time. A private Mass will be celebrated for the repose of Bridie’s soul with immediate family only on Thursday, 29th April, at 12:30pm in St. Brendan’s Cathedral, Loughrea. For those who would have liked to attend the Mass but can’t due to current restrictions Bridie’s Mass will be on the following link BRIDIE’S FUNERAL. Bridie will be laid to rest in Mount Pleasant Cemetery immediately afterwards.Bridie’s cortège will leave her home to make its way to St. Brendan’s Cathedral at 11:45am, travelling via Barrack Street. Family and friends are invited if they wish to stand at their homes or line the route as a mark of support to the family.Please maintain the respect of social distance for each other as directed by HSE and Public Health. House strictly private please.Christopher O’BrienCherrygrove, Portlaoise, LaoisO`Brien, Christopher, Cherrygrove, Knockmay Est., Portlaoise. 27th April 2021. Peacefully surrounded by his loving family. Predeceased by his parents Paddy and Frances and wife Patricia. Dearly loved father to Yvonne, Damien, and Sandra. Deeply regretted by is brothers and sisters. Ann, Carmel, Kathleen, Pat, Tina, Martin, Paddy, Kenneth, Shane, and Alan, Cherished grandfather to Gordon, Evan, Teagan and Grace, son-in-law John and Sonny, brothers-in-law, sisters-in-law, nepews, nieces, relatives and friends.Given the current exceptional circumstances and to protect the welfare of everyone who knew him , a private funeral, with immediate family only, will take place at 12 noon on Thursday in St. Peter and Paul’s Church, Portlaoise and will be streamed on the webcam http://www.portlaoiseparish.ie/web-cam/. Burial will follow in SS Peter and Paul’s Cemetery, Portlaoise. Friends are welcome to attend the cemetery for burial.The family thank you for your cooperation, understanding and support during this sensitive time.Josephine (Jo) Bracken (née Egan)Capparogan, Clonaslee, Laois/Durrow, Laois/Ballinasloe, Galway/Navan Road, DublinJoesphine (Jo) Bracken (nee Egan), Capparogan, Clonaslee, Co. Laois. Formerly of Durrow, Co. Laois, Ballinasloe, Co. Galway and Navan Road, Dublin 7. Died on the 25th of April 2021, peacefully at home in the loving care of her family, after a short illness. Predeceased by her brother Tom and his wife Anna. Deeply regretted by loving husband Jeremiah and family Colum, Tricia, Ann, Enda and Diarmaid, daughters-in-law Cathy, Cheryl and Kathy, son-in-law Don, grandchildren Orla, Aoibhinn, Daniel, Shane, Keeva, Ronan, Eamon, Fintan, Siobhán and Rossa, sister Maura and brother-in-law Flan, sisters-in-law, brothers-in-law, nieces, nephews, extended family and her many dear neighbours and friends.Due to Covid-19 restrictions and by adhering to government guidelines, a private family Funeral Mass will take place for Jo’s family members only. (Maximum 25 people in the Church). Her remains will arrive to St. Manman’s Church, Clonaslee, on Tuesday evening at 7pm. Funeral Mass on Wednesday at 11am followed by burial afterwards in St. Manman’s Cemetery, Clonaslee.House Strictly Private Please at all times. No flowers, by request, Donation, if desired, to Laois Palliative Care.Jo’s Funeral Mass can be viewed on www.churchmedia.tv by selecting county Laois.Síle O’ConnorAshbrook, Clonaslee, LaoisNative of Charleville Road, Tullamore, Co. Offaly. Died peacefully at home surrounded by her loving family and friends. Predeceased by her daughter Helena (Conroy), her brother Michéal (O’Connor) and her sister Lil (Sheils). Deeply regretted by her son Aidan (Conroy) and her daughter Donna (Conroy), her two grandsons Christopher and Mark (Conroy), her brothers Paudge, Eamonn and John Joe, her sisters Netty, Nancy (Fox) and Marge (Rigney), her friend Margaret and the Delaney family of Graigue, Mountmellick, cousins, nieces, nephews. Former work colleagues (HSE Tullamore), friends and relatives.A strictly private cremation will take place on Tuesday 27th of April. A funeral Mass will be held at a later date when all Covid19 restrictions are lifted and all family members can attend.No flowers please. All donations if desired to The Irish Cancer Society (www.cancer.ie)Síle’s family understand people would like to pay their respects, however, due to the current situation the house is strictly private. Cards and letters of sympathy can be sent to Moloney Funeral Directors Mountmelick, Co. Laois.SEE ALSO – Deaths in Laois – Tuesday, April 27, 2021 WhatsApp Electric Picnic organisers release statement following confirmation of new festival date Previous articlePlanning granted for extension to popular Laois restaurantNext articleTrilogy Triathlon Club launch 100km ‘We Care’ challenge for month of June. LaoisToday Reporter Electric Picnic RELATED ARTICLESMORE FROM AUTHOR WhatsApplast_img

Alpha proposes changes to dark pool trading

James Langton Related news Facebook LinkedIn Twitter In a notice requesting comment on the proposed changes, Alpha indicates that the changes are being made in order to bring its IntraSpread functionality in compliance with new trading rules concerning dark liquidity, which are to take effect October 15. “With the removal of 10% dark orders, the expectation is that the volumes of SDL order executions against dark liquidity will decrease, as the economic benefit for liquidity providers is being reduced,” it says. “The introduction of dark orders that can trade with SDL orders at the NBBO is intended to provide a service that can offset the decrease in liquidity that is likely to occur after the implementation of the new requirements regarding dark pools.” Additionally, SDL orders will now also trade against visible liquidity on Alpha, thereby increasing the pool of liquidity available for these orders. So, it expects that overall fill rates for active retail flow routed to IntraSpread will increase “due to additional matching with visible orders.” It also proposes a number of housekeeping changes that are being made in response to amendments to the trading rules regarding short selling, which also takes effect October 15. Comments on the proposed changes are due by August 27. Big U.S. fund managers plan dark pool platform Share this article and your comments with peers on social media Free trading in the dark coming to TSX next month Alpha Exchange Inc. is planning changes to its dark pool trading in preparation for new rules guiding the availability of dark liquidity. In the latest OSC Bulletin, the exchange has published proposed amendments to the functionality of its IntraSpread facility that would do away with dark orders that provide price improvement of 10% over the national best bid and offer (NBBO), and introduce dark orders that can trade at the NBBO with either large (over 50 board lots or $100,000) so-called SDL orders — which are orders that are designed to “seek dark liquidity”, by only trading with dark orders — after visible volume on Alpha has been exhausted; or with small SDL orders that provide price improvement. TSX to tag dark trades Keywords Dark poolsCompanies Alpha Group read more

Canadian workforce grows older as baby boomers delay retirement

first_img Share this article and your comments with peers on social media Loneliness adds to at-risk seniors’ vulnerability: report Pandemic has Canadians rethinking retirement plans Keywords Seniors,  Baby boomersCompanies Statistics Canada Canada’s population is aging rapidly and as baby boomers are delaying retirement, the workforce is also growing older, according to a new study from Statistics Canada (StatsCan). Demographic changes are impacting the retirement landscape StatsCan reports that in 2016, 38% of Canadians aged 55 and older were still in the workforce, which represents the highest proportion since data has been collected (starting in 1976). In 1996, just 24% of older Canadians were still working. The increase in labour force participation was widespread across age groups, including seniors aged 65 and older and across all categories of educational attainment, the StatsCan report says. Among seniors, 14% were still working in 2016, up from just 6% in 1996, StatsCan reports. Several factors are driving the increase in labour force participation among older Canadians, including an increase in the educational attainment, the report says. “However, more than half of the overall increase in the labour market participation of seniors are due to other … factors,” the StatsCan report says. “These factors could include an increase in the debt levels of older Canadians, increased wages and more favourable employment opportunities, or better health.” The aging of the Canadian workforce tracks the aging of the overall population. In 2016, the 55-plus category accounted for a record 36% of the working age population; this is forecasted to grow to 40% by 2026. Ultimately, this trend “will create a challenge for the labour market, government finances and the health-care system,” the study says. “As baby boomers age, it is unclear whether the labour market participation of older Canadians will continue to increase into the future,” the report says, although it notes that factors such as longer life expectancy, debt levels and job opportunities may help sustain the trend. Photo copyright: nyul/123RF Canadian net worth growth slows while debt builds James Langton Related news Facebook LinkedIn Twitterlast_img read more

Trade tensions darken outlook for stocks

first_img Geographical diversification is harder to come by, report says Keywords Investment strategies The odds of a trade war are on the rise. U.S. president Trump started raising tariffs last July over complaints China steals or pressures companies to hand over technology. Most recently, the U.S. increased tariffs to 25% from 10% on $200 billion of Chinese goods, effective May 10.In retaliation, China announced on Monday that tariff hikes of 5% to 25% will go ahead on $60 billion of U.S. goods, effective June 1, extending Chinese duty increases to $110 billion of imports from the U.S.As a result of the tariffs, U.S. earnings growth would be constrained, because foreign sales account for 44% of total sector sales in the S&P 500, and well over 50% for the materials, energy and IT sectors, said the National Bank report.Further, heightened geopolitical uncertainty has increased demand for U.S. dollars, a trend that could become another headwind for U.S. corporate earnings, it said.While National Bank expects a trade deal will still happen, it has altered its asset allocation in response to rising geopolitical risk.“We are reducing our overweight exposure to equities by taking some profits in emerging markets and EAFE [Europe, Australasia, Far East] — the geographical areas most exposed to global trade tensions,” the report said. For example, MSCI EM Asia is down more than 4% month to date.“Proceeds are used to raise our cash position to 5% above benchmark,” the report said.As trade negotiations continue, “we stand ready to act as events unfold,” it added.For more details, including National Bank’s sector rotation, read the National Bank report.With files from the Associated Press How to talk to clients about GameStop Related news flags of usa and china painted on cracked wall budastock/123RF Just when U.S. markets were exhibiting record highs, geopolitical uncertainty has increased, with potentially negative effects for corporate earnings.While the bottom-up consensus of equity analysts is for global index earnings to grow more than 7% over the next year, “that will not happen if there is a trade war,” said National Bank in its monthly equities report. Will exuberant market sentiment last? Share this article and your comments with peers on social media IE Staff Facebook LinkedIn Twitterlast_img read more

Ozone Bill to be Passed into Law this Year

first_imgOzone Bill to be Passed into Law this Year UncategorizedJuly 28, 2006 FacebookTwitterWhatsAppEmail Minister of Local Government and Environment, Dean Peart has said that a draft ozone bill was being finalized for passage into law this year.Minister Peart, who was making his contribution to the 2006/07 Sectoral Debate in the House of Representatives earlier this week, said that, “an important provision of this law will be the requirement for refrigeration and air conditioning technicians to be certified and licensed.”The Local Government Minister told the House that in the past year “the Ministry continued to pursue its programme of legislative reform aimed at comprehensively reforming the legislative framework governing our portfolio responsibilities”.The aim, he said, “is to improve the effective administration, management, use preservation, development and control of our natural resources.”He mentioned that a number of legislation were being dealt with in keeping with this effort. These include the Wild Life Protection Act, Regulations under the Beach Control Act, Planning Appeals Fee Regulations under the Town and Country Planning Act, and the Conservation Easements Legislation. RelatedOzone Bill to be Passed into Law this Year RelatedOzone Bill to be Passed into Law this Yearcenter_img RelatedOzone Bill to be Passed into Law this Year Advertisementslast_img read more

Statement on Chinese Communist Party’s fake image

first_imgStatement on Chinese Communist Party’s fake image ​The falsified image of an Australian soldier, posted to social media by the Chinese Communist Party Government is shameful and offensive to all Australians.This evening I hosted a teleconference with Chinese Australian community leaders from around the country and every one of them was just as appalled by the fake image.The post does not reflect the views of the more than 1.2 million Australians of Chinese heritage who have chosen to make Australia their home.Today’s actions by the CCP should not diminish our respect for and appreciation of our Chinese Australian community or indeed our friendship with the people of China.The differences between our governments do not take away from the contribution that generations of Chinese migrants have made to Australia.Australia has welcomed migrants from China for more than two hundred years and Australians of Chinese background have added immensely to our nation.Our Chinese Australian community will continue to play an important role in ensuring we remain a successful, multicultural nation. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Australian, China, chinese, Communist Party, community, Government, Home Affairs, Media, migrants, offensive, social media, Soldierlast_img read more

CAATSA Section 231 “Imposition of Sanctions on Turkish Presidency of Defense Industries”

first_imgCAATSA Section 231 “Imposition of Sanctions on Turkish Presidency of Defense Industries” Today, The United States is imposing sanctions on the Republic of Turkey’s Presidency of Defense Industries (SSB) pursuant to Section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) for knowingly engaging in a significant transaction with Rosoboronexport (ROE), Russia’s main arms export entity, by procuring the S-400 surface-to-air missile system. SSB is Turkey’s primary defense procurement entity and has responsibilities in defense industrial development. As a part of this action, the United States is imposing full blocking sanctions and visa restrictions on Ismail Demir, the president of SSB; Faruk Yigit, SSB’s vice president; Serhat Gencoglu, SSB’s Head of the Department of Air Defense and Space; and Mustafa Alper Deniz, Program Manager for SSB’s Regional Air Defense Systems Directorate.CAATSA 231 and today’s actions are not intended to undermine the military capabilities or combat readiness of Turkey or any other U.S. ally or partner, but rather to impose costs on Russia in response to its wide range of malign activities. The United States made clear to Turkey at the highest levels and on numerous occasions that its purchase of the S-400 system would endanger the security of U.S. military technology and personnel and provide substantial funds to Russia’s defense sector, as well as Russian access to the Turkish armed forces and defense industry. Turkey nevertheless decided to move ahead with the procurement and testing of the S-400, despite the availability of alternative, NATO-interoperable systems to meet its defense requirements. This decision resulted in Turkey’s suspension and pending removal from the global F-35 Joint Strike Fighter partnership.CAATSA 231 requires that at least five of the 12 sanctions described in Section 235 of CAATSA (CAATSA 235) be imposed on any person determined to have knowingly engaged in a significant transaction with a person that is a part of, or operates for or on behalf of, the defense or intelligence sectors of the Government of the Russian Federation. This authority was delegated to the Secretary of State, in consultation with the Secretary of the Treasury, on September 29, 2017. ROE is included on the CAATSA List of Specified Persons (LSP) as a person that is part of, or operates for or on behalf of, the defense sector of the Government of the Russian Federation. In addition to being identified on the LSP, the Treasury Department designated ROE on April 6, 2018, pursuant to Executive Order 13582, for its support to the Government of Syria.The Secretary of State, in consultation with the Secretary of Treasury, has selected the following sanctions from CAATSA Section 235, as implemented by Executive Order (E.O.) 13849, to impose on SSB:a prohibition on granting specific U.S. export licenses and authorizations for any goods or technology transferred to SSB (Section 235(a)(2));a prohibition on loans or credits by U.S. financial institutions to SSB totaling more than $10 million in any 12-month period (Section 235(a)(3));a ban on U.S. Export-Import Bank assistance for exports to SSB (Section 235(a)(1));a requirement for the United States to oppose loans benefitting SSB by international financial institutions (Section 235(a)(4)); andimposition of full blocking sanctions and visa restrictions (Section 235(a)(7), (8), (9), (11), and (12)) on Dr. Ismail Demir, president of SSB; Faruk Yigit, SSB’s vice president; Serhat Gencoglu, Head of SSB’s Department of Air Defense and Space; and Mustafa Alper Deniz, Program Manager for SSB’s Regional Air Defense Systems Directorate.Today’s action further demonstrates the Department of State’s continuing commitment to the full implementation of CAATSA 231. State encourages all persons to avoid engaging in transactions with entities on the LSP that may risk mandatory sanctions, including those for high-value, sophisticated weapons systems.The Treasury Department’s Office of Foreign Assets Control (OFAC) has added SSB to its Non-SDN Menu-Based Sanctions List, which indicates that SSB is subject to the sanctions from the CAATSA 235 menu listed above.OFAC also added the four individual officers to its Specially Designated Nationals and Blocked Persons List. As a result of this action, all property and interests in property of these individuals within United States jurisdiction are blocked, and United States persons are generally prohibited from transacting with them. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or otherwise exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods, or services from any such person. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:america, Department of State, executive order, Government, industry, intelligence, military, presidency, President, property, purchase, sanctions, Secretary, security, technology, Turkish, United Stateslast_img read more