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Philippines Declares State Of Emergency As Energy Crisis Looms
Philippines Declares State Of Emergency As Energy Crisis Looms
As we outlined in our recent analysis on Australia's dangerous vulnerability to disruptions in the Strait of Hormuz, most of Asia is heavily exposed and faces an unprecedented energy crisis should the war in Iran continue to prevent safe passage of oil and natural gas from the Gulf. As Australia debates the potential for a national emergency, the Philippines has already declared one.
This week, Philippine President Ferdinand Marcos Jr. signed Executive Order No. 110, declaring a state of national emergency as...
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Putin Authorizes Debt Relief To Lure New Ukraine War Recruits
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On Monday President Vladimir Putin signed a law that effectively wipes clean up to 10 million rubles (approximately $140,000) in unpaid debt for new military recruits and their spouses, at a moment Russia needs more manpower to keep up its grinding 'special military operation' in Ukraine.
The debt exemption applies to any Russian citizen who signs a minimum one-year contract with the military to serve in Ukraine after May 1, 2026. The economic amnesty explicitly extends to an enlisted member's spouse...
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