Sri Lanka's Foreign Minister Dinesh Gunawardena and Russian Minister of Foreign Affairs Sergey Lavrov shake hands during a meeting at the Ministry of Foreign Affairs in Colombo. EPA
Sri Lanka's Foreign Minister Dinesh Gunawardena and Russian Minister of Foreign Affairs Sergey Lavrov shake hands during a meeting at the Ministry of Foreign Affairs in Colombo. EPA
Sri Lanka's Foreign Minister Dinesh Gunawardena and Russian Minister of Foreign Affairs Sergey Lavrov shake hands during a meeting at the Ministry of Foreign Affairs in Colombo. EPA
Sri Lanka's Foreign Minister Dinesh Gunawardena and Russian Minister of Foreign Affairs Sergey Lavrov shake hands during a meeting at the Ministry of Foreign Affairs in Colombo. EPA

Russia urges Gulf states to form common security mechanism


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Russia has been urging Gulf states to consider a common security mechanism for the region, the country’s Foreign Minister Sergey Lavrov said on Wednesday, adding that the time for unilateral action was over.

"We have been suggesting to the Gulf countries to think about collective security mechanisms ... starting with confidence-building measures and inviting each other to military exercises," Mr Lavrov told a security conference in New Delhi on Wednesday.

Tensions in the Gulf have risen following the US killing of Iranian military commander General Qassem Suleimani and a retaliatory missile attack by Iran on US forces in Iraq.

"Since I mentioned about… [the] Gulf, we are very much concerned about what is going in there," Mr Lavrov said.

Iran's Foreign Minister Mohammad Javad Zarif is also attending the conference in Delhi that comes just a day after Britain, France and Germany formally accused Tehran of violating the terms of its 2015 agreement to curb its nuclear programme, which could lead to the reimposing of UN sanctions.

Iran's Fars news agency quoted Mr Zarif as saying overnight that the use of the dispute mechanism was legally baseless and a strategic mistake.

Mr Lavrov said unilateral sanctions were a problem in today's world.

"So the 21st century is the time when we must get rid of any methods of dealing in international relations which smack of colonial and neo-colonial times. And sanctions, unilaterally imposed sanctions, they are not going to work," he said.

After pulling out of the Iran deal, the United States slapped sanctions back on Iran and has gradually increased its "maximum pressure" campaign targeting the Islamic Republic's revenues from oil, mining and other industries. British Prime Minister Boris Johnson called on Tuesday for US President Donald Trump to replace the Iranian nuclear deal with his own new pact to ensure the Islamic Republic does not get an atomic weapon.

Trump said in a tweet he agreed with Johnson for a "Trump deal".

US Deputy National Security Adviser Matthew Pottinger will also be addressing the Delhi meeting on Thursday.

UAE currency: the story behind the money in your pockets
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Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory