Following the 2018 unilateral withdrawal of the US from the 2015 Iran nuclear deal and the re-imposition of sanctions against Iran, Washington has been issuing special waivers that permit some countries and companies to conduct business with Tehran. The US Department of State has extended a waiver for Iraq to continue receiving Iranian electricity for 30 days, a time significantly shorter than previous exemptions that varied from 90 to 120 days, the official said, referring to US Secretary of State Mike Pompeo, according to the outlet. The official reportedly said that the waiver would expire on 26 May, noting that the Trump administration would reassess renewing the exemption again once a “credible government” is formed in the Middle Eastern country//sputnik
As the coronavirus pandemic continues to hit global markets, oil prices have experienced dramatic falls. On 23 April, however, Brent and WTI crude reported modest gains, reaching $22.25 and $15.7 per barrel, respectively. The Brent crude price for July delivery rose to over $25 per barrel, according to market data. As of 02:54 Moscow time on Monday (23:54 GMT on Sunday), the price of July futures for Brent crude rose 0.93 percent, up to $25.04 per barrel. The price of June futures for Brent crude was $21.64 per barrel. The price of June futures for WTI crude fell 1.42 percent in the early hours of Monday, down to $16.7 per barrel//sputnik
The Investment Coordinating Board (BKPM) needs to direct investment coming into Indonesia this year in the health and food sector given the experience of the COVID-19 pandemic.Member of Commission VI of the Indonesian House of Representatives Nevi Zuairina, in a release in Jakarta on Sunday, hopes that the Investment Coordinating Board, during the COVID-19 outbreak, investment until the end of 2020, will be directed to the health and food sector.According to Nevi Zuairina, the large-scale investment must also produce quality products with standards that are accepted internationally. He warned that large-scale investment is needed, among others, because almost 95 percent of Indonesian medical devices, including drugs, are imported, especially raw materials//ant
Minister of Law and Human Rights Yasonna H Laoly invites the public to recognize, preserve, and protect the Communal Intellectual Property of Indonesia as the glue for national identity.The invitation was delivered by Yasonna in commemoration of World Intellectual Property Day which falls on Sunday. Yasonna, through her written statement in Jakarta on Sunday, said that Communal Intellectual Property is not only able to encourage the development of the region and the economy of the community but also as a glue to the identity of the Indonesian nation.In addition, the registration of Communal Intellectual Property is also a way to protect Indonesia's cultural and biological heritage and protect against piracy from foreign parties. Yasonna added, the Ministry of Law and Human Rights is very serious in protecting Indonesia's intellectual property//ant