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Georgian billionaire Bidzina Ivanishvili is suing UBS over alleged embezzlement by his former advisor, Patrice Lescaudron, who mismanaged around 800 million francs. Recently sanctioned by the US for undermining Georgia's Euro-Atlantic integration, Ivanishvili's claims in Bermuda may face delays in payment due to these sanctions. Meanwhile, UBS has settled a related claim in Singapore for USD 461 million, but the Bermuda case remains unresolved.
Bidzina Ivanishvili plans to sue Swiss bank Julius Baer for alleged "political blackmail," claiming the bank threatened to close his personal account due to his political status. His lawyer, Lasha Kalandadze, argues that the bank misinterpreted U.S. sanctions and demands damages. Additionally, a civil lawsuit will be filed against Credit Suisse for compensation related to previous disputes.
South Korean President Yoon Suk Yeol faces impeachment calls after his failed martial law declaration, which sparked the worst constitutional crisis in decades. Opposition lawmakers and protesters demand his resignation, citing a grave violation of the constitution, while financial authorities work to stabilize the economy amid market turmoil. If impeached, Yoon would be suspended from duties, with a new election required within 60 days.
The United States is set to deliver a $725 million weapons package to Ukraine, as announced by Secretary of State Antony Blinken. This move aims to strengthen the Ukrainian government in its ongoing conflict with Russian forces before President Biden's administration concludes in January.
Elisabeth Baume-Schneider has left the social network X, citing a shift in the platform's culture that no longer aligns with her values. Meanwhile, the National Council's Finance Committee will present budget options amid cuts, and the Jura government will unveil its prison strategy addressing overcrowding issues. In international news, US Secretary of State Antony Blinken is set to meet NATO and EU officials to discuss support for Ukraine, while German Chancellor Olaf Scholz prepares to address the Bundestag following his coalition's collapse.
U.S. Secretary of State Antony Blinken stated that Israel is not in violation of U.S. law regarding aid to Gaza, despite ongoing scrutiny. While the U.S. has not shifted its policy, it continues to monitor the humanitarian situation, with only 30 trucks of aid entering Gaza daily, far below the required 350. The humanitarian toll remains severe, with over 43,000 deaths reported since the conflict began in October 2023.
The US Treasury has sanctioned two Swiss lawyers for allegedly helping Russian clients evade sanctions by creating companies and trusts. This action highlights concerns over loopholes in Swiss law that allow lawyers to operate without due diligence, facilitating illicit financial activities. The sanctions are part of a broader effort to disrupt networks supporting Russia's military operations amid ongoing international tensions.
Andriy Yermak, chief of staff to President Zelenskiy, met with U.S. Secretary of State Antony Blinken and National Security Adviser Jake Sullivan to discuss military and economic support for Ukraine. They addressed the potential involvement of North Korean troops in the conflict and emphasized the need for sanctions against Russia and increased pressure on its allies. The situation in Ukraine is escalating, raising concerns from NATO and South Korea.
President Zelenskiy’s chief of staff, Andriy Yermak, met with U.S. officials Jake Sullivan and Antony Blinken to discuss military assistance for Ukraine, the involvement of North Korean troops in the conflict, and strategies to increase pressure on Russia and its allies. Yermak emphasized the importance of Ukraine’s Victory Plan and the implementation of the Peace Formula, while Blinken reaffirmed U.S. support for Ukraine’s sovereignty amid ongoing aggression from Russia, highlighting over $50 billion in military aid provided since 2022.
Israeli Prime Minister Netanyahu faced criticism from both his cabinet and opposition for the perceived weakness of recent attacks on Iran, with calls for more aggressive action. Despite attacking 20 military targets, Netanyahu emphasized coordination with the US, which has restricted strikes on Iran's nuclear and oil facilities. As tensions rise, Netanyahu's political maneuvering reflects the complexities of his relationship with the US and the ongoing security challenges in the region.
Antony Blinken
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07:34 21.01.2025
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