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European Council President Costa: The US unilateral decision to lift sanctions on Russian oil exports is deeply worrying because it affects European security. Applying greater economic pressure on Russia is crucial to getting it to accept serious negotiations for a just and lasting peace. Easing sanctions would increase Russias resources for its aggressive war against Ukraine.On March 13, the Party Committee of the General Administration of Customs held an enlarged meeting to study and implement the spirit of General Secretary Xi Jinpings important speech and the spirit of the National Peoples Congress and the Chinese Peoples Political Consultative Conference. The meeting emphasized the need to earnestly implement the important deployments of the Government Work Report and the 15th Five-Year Plan, to formulate and implement the 15th Five-Year Plan for Customs Development and the Port Modernization Plan with high quality, and to promote the implementation of various tasks. It stressed the importance of promoting the development of new productive forces tailored to local conditions, improving the level of intelligent supervision, credit supervision, and trend-based supervision, enhancing the competitiveness of the industrial chain and supply chain, and contributing to the construction of a modern industrial system. The meeting also emphasized the need to vigorously promote the stabilization and optimization of foreign trade, to carry out a new round of special actions to facilitate cross-border trade, and to support the development of new business forms and models such as intermediate goods trade, cross-border e-commerce, and overseas warehouses. Finally, the meeting stressed the need to expand independent opening-up, to deeply align with high-standard international economic and trade rules, to solidly advance the construction of the Hainan Free Trade Port, to accelerate the transformation and upgrading of comprehensive bonded zones, and to create more high-level platforms for opening-up.A spokesperson for the European Commission stated that the Commission fully supports Polands plan and looks forward to its implementation.On March 13, the Environmental Resources and Food and Drug Crime Investigation Bureau of the Ministry of Public Security deployed a campaign to severely crack down on crimes involving the illegal manufacture, sale, and use of prohibited and restricted pesticides. The bureau required local public security organs environmental, food, and drug crime investigation departments to adhere to the people-centered development philosophy, strengthen their sense of responsibility, focus on key tasks, and severely crack down on all types of pesticide-related crimes during the spring plowing and planting season, given the concentrated agricultural input production and storage activities. This is to effectively safeguard agricultural safety and build a solid food safety defense line "from farm to table."European Commission spokesperson: European security cannot be achieved without Polands participation.

A.P. Moller Capital Plans $750 Million in South And Southeast Asian Infrastructure Deals

Skylar Williams

Feb 20, 2023 14:43

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A.P. Moller Capital, the asset management division of the Danish transportation and logistics behemoth A.P. Moller Group, announced on Monday that it intends to spend over $750 million in South and Southeast Asia's high-growth sectors.


The investment business announced in a statement that it had opened an office in Singapore and would invest in a variety of infrastructure platforms in those regions.


"This is an exciting next step in the expansion of A.P. Moller Capital and our investment business in Asia, where we see considerable opportunity," said Dhruv Narain, partner at A.P. Moller Capital and head of its Asia team.


A.P. Moller Capital oversees about $1.5 billion and has made 16 investments.


Narain, who joined the company in August, is a 20-year investment veteran who previously worked for Macquarie Group (OTC:MQBKY), International Finance Corporation, and Abu Dhabi Investment Council.