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Good morning. Right here’s a cracking story to start out the week: The German authorities was not conscious that its personal monetary adviser was inviting Italy’s UniCredit to bid for Berlin’s 4.5 per cent stake in Commerzbank, regardless of the transfer opening the door to a full takeover of the systemic Frankfurt-based lender.
At this time, I clarify the rising fears about Russia buying and selling navy secrets and techniques to its Chinese language and Iranian warfare suppliers, and Laura experiences on new migration statistics that paint a barely totally different image than far-right rhetoric.
Sharing is scaring
European officers are more and more involved about Russian navy co-operation with each China and Iran, as Moscow shares cutting-edge defence knowhow with two of its most vital suppliers for the warfare in Ukraine.
Context: Chinese language commerce with Russia has soared over the previous three years, offsetting western sanctions and offering parts for Moscow’s weapons factories. Iran is offering Russia with massive provides of armaments similar to assault drones.
Over the previous week, US and European officers have shared intelligence on how a lot navy knowhow and defence perception Russia is offering China and Iran, with doubtlessly main ramifications for the 2 international locations’ future navy capabilities.
Kurt Campbell, the US deputy secretary of state, briefed senior EU and Nato officers on Russia aiding China with superior submarine, missile and stealth capabilities, in trade for Chinese language provides for its warfare machine. UK and US officers have additionally mentioned Russia sharing know-how with Iran that would assist its nuclear weapons programme — together with in the course of the White Home go to of British Prime Minister Keir Starmer.
These quid professional quo preparations spook European defence officers for 2 causes.
One, they’re nervous about how China and Iran may use Russian know-how to beef up their navy capabilities, and threaten their — or their allies’ — defence belongings all over the world.
Two, there’s deep concern about what such steps say in regards to the Kremlin’s mind set. Russia had up to now closely guarded its navy advances, particularly from potential future rivals similar to China. Buying and selling its information now’s seen by some as signal of elevated recklessness.
Campbell mentioned that the US was sharing “knowledge and clear metrics” with European allies on what he described as “worrisome collaboration” relating to Russian navy “design, analysis and growth and in addition utility”.
“We’re in shut collaboration on subsequent steps,” Campbell mentioned, referring to Russia’s hyperlinks to China, Iran and in addition North Korea. “It’s a topic of actual concern.”
Chart du jour: Ukraine’s foothold
Ukraine’s incursion into Russian territory was all the time a bet. However with Kyiv’s forces in Kursk now on the again foot, the dangers are rising, and the reward nonetheless unsure.
Excessive and regular
Whereas the controversy on immigration to the EU reaches new heights, a report by the EU Company for Asylum exhibits that asylum numbers have remained comparatively secure, writes Laura Dubois.
In keeping with the EUAA’s newest migration knowledge to be revealed at this time, some 513,000 individuals utilized for asylum within the bloc within the first six months of this yr, barely lower than the 520,000 functions throughout that point final yr. That was the very best for the reason that first half of 2016, when 613,000 individuals claimed asylum.
Context: A number of European governments have been contending with rising anti-migration sentiment and promising to curb irregular migration. Germany just lately expanded checks at its borders, following the regional election win of the far-right Different for Germany, which has made migration its flagship difficulty.
Germany remains to be the highest vacation spot for asylum seekers, however functions there between January and June declined by 20 per cent in contrast with the identical interval final yr, the EUAA discovered.
Spain and Italy have the second and third highest variety of functions; although Cyprus — because of its dimension — has probably the most functions per capita.
Syrians lodged probably the most functions, and greater than final yr — which is important given calls to declare Syria secure — adopted by Afghans, Venezuelans and Colombians, based on the EUAA.
The company additionally notes that whereas many asylum seekers cross the border with no allow, many others enter the EU legally: 1 / 4 of all asylum functions had been from individuals who, because of their nationality, can journey to the EU with no visa, similar to Colombians or Venezuelans.
Hungary, which just lately kicked up a fuss over the EU’s asylum guidelines and threatened to bus asylum seekers to Brussels, solely acquired 13 asylum functions within the first six months of this yr.
What to look at at this time
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European parliament plenary kicks off in Strasbourg.
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EU ambassadors meet to debate choices to make use of Russian frozen belongings for €50bn mortgage to Ukraine.
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Casual assembly of EU analysis ministers in Budapest.
Now learn these
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Disjointed: The WTO has mentioned the world wants a world worth system for carbon emissions to stop commerce disputes, in a dig on the EU carbon border tax.
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Shipped off: Matteo Salvini may face six years in jail for stopping a humanitarian boat carrying migrants from docking in Italy when he was Italian inside minister.
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Maritime ideas: UK Prime Minister Keir Starmer will meet Italy’s Giorgia Meloni for recommendation on tackling migration and to “smash the gangs” that smuggle individuals.
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