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<ul class="summary-list"><li>Russian forces have abducted a second Ukrainian mayor, the Minister of Foreign Affairs of <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword> said.</li><li>Yevhen Matveyev, the mayor of Dniprorudne in southern Ukraine, was abducted, the minister said. </li></ul>Russian forces have abducted a second Ukrainian mayor, this time targeting the leader of the southern town of Dniprorudne, the Ukrainian Foreign Affairs Minister said. The abduction comes after the Russians <a href="https://www.businessinsider.com/mayor-of-ukrainian-city-melitopol-abducted-by-russia-officials-say-2022-3">kidnapped mayor Ivan Fedorov</a> of the city of Melitopol and <a href="https://www.businessinsider.com/russia-installs-new-mayor-melitopol-captured-ukraine-city-kidnapped-2022-3">installed an acting mayor</a> in his stead."Today, Russian war criminals abducted another democratically elected Ukrainian mayor, head of Dniprorudne Yevhen Matveyev. Getting zero local support, invaders turn to terror," Foreign Affairs Minister Dmytro Kuleba said in a <a href="https://twitter.com/DmytroKuleba/status/1502945209159761923?s=20&amp;t=92tFUyRfOxTsYJixsG3cmg">tweet</a>. Kuleba added a plea to "all states &amp; <keyword id="6356001" type="UNKNOWN" weightage="100" keywordseo="international" source="Orion">international</keyword> organizations to stop Russian terror against Ukraine and democracy."<a href="https://twitter.com/DmytroKuleba/status/1502945209159761923/photo/1"></a>Dniprorudne is about 85 km, or 52 mi, north of Melitopol. The Russian choice for Melitopol's mayor, Galina Danilchenko, was a former member of Melitopol's city council, according to <a href="https://news.sky.com/story/ukraine-war-humanitarian-aid-for-besieged-city-of-mariupol-will-arrive-this-afternoon-zelenskyy-says-12564860">Sky News</a>. She was introduced as the city's acting mayor on local TV, CNN <a href="https://www.cnn.com/europe/live-news/ukraine-russia-putin-news-03-12-22/h_d7ddf51a92bd3d4c8e15397ac8b1dfe8">reported</a>.Josep Borrell Fontelles, the High Representative of the European Union for Foreign Affairs and Security Policy, condemned the two kidnappings in a <a href="https://twitter.com/JosepBorrellF/status/1502968243371270144?s=20&amp;t=92tFUyRfOxTsYJixsG3cmg">tweet</a> on Sunday. "The EU strongly condemns the <keyword id="12134305" type="UNKNOWN" weightage="60" keywordseo="kidnapping" source="Orion">kidnapping</keyword> of the mayors of Melitopol and Dniprorudne by Russian armed forces," Fontelles said. "It is yet another attack on democratic institutions in #Ukraine and an attempt to establish illegitimate alternative government structures in a sovereign country."In an earlier <a href="https://www.facebook.com/UkraineMFA/posts/335670685270070">statement</a>, the Ukrainian Ministry of Foreign Affairs said Mayor Fedorov's abduction was "a war crime under the Geneva Conventions and the Additional Protocol that prohibit the taking of civilian hostages during the war."Kyiv Mayor Vitali Klitschko told <a href="https://transcripts.cnn.com/show/sotu/date/2022-03-13/segment/01">CNN</a> on Sunday that the kidnappings make him worry that he will be a target of a similar abduction. "Right now, it's every Ukrainian is target, every Ukrainian. And Russians told it's not the war against civilian. Every mayor," Klitschko said. "It's a war against whole population."

Russian forces have abducted a second Ukrainian mayor, this one from the town of Dniprorudne, Ukrainian Foreign Affairs Minister says

<ul class="summary-list"><li>Estonian Foreign Affairs Minister Urmas Reinsalu was asked Tuesday about Vladimir Putin.</li><li>Reinsalu has criticized western countries for not throwing more support to Ukraine.</li></ul>Estonia's minister of foreign affairs Urmas Reinsalu had a few choice words for Vladimir Putin during a Tuesday interview in Berlin.When political reporter Nina Haase-Trobridge of DW News asked Reinsalu, "Would you like to see Vladimir Putin go to jail," the foreign minister had another place in mind."To hell," he said bluntly, after briefly mulling it over.Reinsalu's forward answer may not come as a surprise given his outspoken support for Ukraine and denunciation of Putin's war. The foreign minister previously defended his country's decision to ban Russian tourists and stop issuing new visas to Russians.In the same interview with DW News, Reinsalu said that the West has not done enough to support Ukraine and that the "price is paid by the blood of Ukrainians."At the outset of Russia's invasion, Estonia donated one-third of its military budget to Ukraine, <a href="https://twitter.com/MFAestonia/status/1524677053882195968">according to the foreign minister.</a> By August, the Baltic state had donated €220 million, or roughly $215 million, in support — about 0.8% of the country's GDP, <a href="https://www.politico.com/newsletters/national-security-daily/2022/08/03/not-enough-estonias-fm-wants-more-support-for-ukraine-00049563">according to Politico</a>. In addition, the country has imposed several packages of sanctions against Russia.On Tuesday, Estonian parliament members also almost unanimously voted to declare Russia a "terrorist regime," with only three lawmakers abstaining to vote, <a href="https://www.rferl.org/a/estonia-declares-russia-terrorist-regime/32089911.html">according to Radio Free Europe</a>.Estonia shares a 183-mile border with Russia. The country, along with the Baltic states of Latvia and Lithuania, was under Soviet occupation for five decades until 1991.

Watch Estonia's foreign minister — whose country just voted to declare Russia a terrorist state— bluntly say he wants to see Putin go 'to hell'

<ul class="summary-list"><li>Former Russian Foreign Minister Andrei Kozyrev spoke out against current Foreign Minister Sergei <keyword id="13256778" type="UNKNOWN" weightage="60" keywordseo="lavrov" source="Orion">Lavrov</keyword> on Friday. </li><li>He spoke out after the <a href="https://www.businessinsider.com/biden-will-announce-sanctions-on-putin-ukraine-invasion-cnn-2022-2">US</a> and <a href="https://www.businessinsider.com/european-union-approves-russian-asset-freeze-includes-putin-lavrov-2022-2">European Union</a> announced they would sanction Lavrov.</li></ul><keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s former top diplomat spoke out against current Foreign Minister Sergei Lavrov on Friday after the <a href="https://www.businessinsider.com/biden-will-announce-sanctions-on-putin-ukraine-invasion-cnn-2022-2">US</a> and <a href="https://www.businessinsider.com/european-union-approves-russian-asset-freeze-includes-putin-lavrov-2022-2">European Union</a> announced they would sanction Lavrov and Russian President Vladimir Putin.Putin launched a full-scale invasion of Ukraine early Thursday, with Russian troops swarming into the country from its northern, eastern, and southern borders. Ukrainian President Volodymyr Zelensky <a href="https://twitter.com/ragipsoylu/status/1496979092855422976">said in a Thursday-evening address</a> that 137 Ukrainians had died and 306 had been wounded as a result of the invasion.The White House on Friday announced <a href="https://www.businessinsider.com/biden-will-announce-sanctions-on-putin-ukraine-invasion-cnn-2022-2">it would sanction</a> Putin and Lavrov, who has been foregin minister since 2004, after the EU earlier <a href="https://www.businessinsider.com/european-union-approves-russian-asset-freeze-includes-putin-lavrov-2022-2">approved freezing assets</a> belonging to the two."Lavrov, rightfully sanctioned by the US and EU today, was my deputy in the 90s. Used to have my back," former Russian Foreign Minister Andrei Kozyrev wrote on <a href="https://twitter.com/andreivkozyrev/status/1497318233170350081?s=20&amp;t=ByPm0ICW_BfD7i_E6dQ8rQ">Twitter</a>. "Today, I would watch my back if he was behind me."Kozyrev was Russia's first minister of foreign affairs under Boris Yeltsin during the early-to-mid 1990s after the <keyword id="6365126" type="UNKNOWN" weightage="60" keywordseo="soviet-union" source="Orion">Soviet Union</keyword> collapsed.Josep Borrell, High Representative of the Union for Foreign Affairs and Security Policy, said Putin was the third world leader to be sanctioned by the body, preceded by Syrian President Bashar al-Assad and Belarusian President Alexander Lukashenko."This is the final outcome of the discussion that was not finished yesterday at the European Council and has been decided today by the ambassadors and the Ministers," Borrell said during a press conference Friday, citing a report by <a href="https://www.cnn.com/europe/live-news/ukraine-russia-news-02-25-22/h_998f7b3745ed9468a46920569ac0aa13">CNN</a>. "So President Putin and Foreign Minister Lavrov are in the list of sanctioned people together with the remaining members the Duma who are supporting this aggression."On Friday, Russia refused to participate in talks with Zelensky, and Lavrov said the country was run by "neo-Nazis" and the West."We do not see the possibility of recognizing as democratic a government that persecutes and uses methods of genocide against its own people," Lavrov said during a <keyword id="11893589" type="UNKNOWN" weightage="60" keywordseo="news" source="Orion">news</keyword> conference in Moscow, per <a href="https://www.nytimes.com/2022/02/25/world/europe/sergey-lavrov-ukraine-talks.html">The New York Times</a>.

Russia's former top diplomat says Putin's foreign minister 'used to have my back,' but now 'I would watch my back if he was behind me'

<keyword id="2224" type="PERSON" weightage="20" keywordseo="Congress-President-Sonia-Gandhi">Congress president Sonia Gandhi</keyword> has set up three separate committees for discussing policy issues related to economic affairs, foreign affairs and national security, with former prime minister Manmohan Singh part of all the three panels. While former finance minister P Chidambaram, and party leaders Mallikarjun Kharge and <keyword id="6385492" type="PERSON" weightage="20" keywordseo="Digvijaya-Singh">Digvijaya Singh</keyword> will be part of the economic affairs committee, Jairam Ramesh will be its convener. The committee on foreign affairs will have Anand Sharma, <keyword id="42749" type="COMPANY" weightage="20" keywordseo="Shashi-Tharoor">Shashi Tharoor</keyword>, Salman Khurshid and Saptagiri Ulaka. Khurshid will be the convener of the panel. The committee on national security will have leader of opposition in Rajya Sabha Ghulam Nabi Azad, party leaders Veerappa Moily, Vincent H Pala and V <keyword id="927122" type="PERSON" weightage="20" keywordseo="Vaithilingam">Vaithilingam</keyword>, with Pala as its convener. "The Congress president has constituted three committees to consider and discuss issues and policies related to the subjects of economic affairs, foreign affairs and national security," an official statement from AICC general secretary KC Venugopal said. Incidentally, among those nominated in the committees include senior party leaders Ghulam Nabi Azad, Anand Sharma, Veerappa Moily and Shashi Tharoor, who were part of the 23 letter-writers seeking an organisational overhaul of the Congress. While Sharma is the chairman of the AICC foreign affairs department, Shashi Tharoor heads the party's Professional Congress. SKC AAR

Sonia Gandhi sets up panel to discuss national security, economic and foreign affairs, Manmohan Singh to head all three panels

<keyword id="6355261" type="POSITION" weightage="20" keywordseo="Finance-minister">Finance minister</keyword> <keyword id="42575" type="PERSON" weightage="60" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> on Wednesday announced the abrogation of Foreign Investment Promotion Board (<keyword id="6360345" type="ORGANIZATION" weightage="60" keywordseo="FIPB">FIPB</keyword>), a body that clears proposals envisaging foreign investment up to Rs5,000 crore. 
 
<keyword id="44528" type="ORGANIZATION" weightage="20" keywordseo="FDI">FDI</keyword> and FIPB 
 The FIPB (Foreign Investment Promotion Board) is the designated institution which considers the FDI proposals that require government approval. It likewise concedes composite approvals involving foreign investment/technology. FIPB is situated in the Department of Economic Affairs, Ministry of <keyword id="25455" type="ORGANIZATION" weightage="60" keywordseo="finance">Finance</keyword> and the Finance Minister is in charge of the FIPB. According to the June 2016 FDI policy revision, the FIPB can give suggestions of FDI proposals below Rs 5000 crore to the Minister of Finance for consideration 
 
India is having a well-designed Foreign Direct Investment control administration. FDI is regulated through various norms. A minimum lock in period, minimum capital for investment, sectoral limits and in particular control of passage into approval/automatic route are the vital regulations. 
 
For the situation of entry regulations, FDI section is made under two classifications – automatic route and approval route. Approval from the government is compulsory for some sort of investment. For this, approval institutions are made. The Foreign Investment Promotion Board is the most imperative approval body as it can consider FDI below Rs 5000 crore. Over this sum, the Cabinet Committee on Economic Affairs is the approval authority. 
 
What FIPB does 
 
It is entirely evident that the element affirms foreign investment proposals; it additionally audits FDI strategies, investigates the implementation of various proposals passed. This, as well as take up exercises that encourage FDI into the nation, for example, establishing contracts with international organizations and furthermore inviting them to invest in India. 
 
FIPB was initially constituted under the Prime Minister's Office (PMO) in the wake of the economic progression drive of the mid 1990s. The board was reconstituted in 1996 with exchange of the FIPB to the Department of Industrial Policy and Promotion (DIPP). 
 
It was again transferred to the Department of Economic Affairs, under the ministry of finance, in 2003.

It becomes easy to invest in India with the abolishment of FIPB

<keyword id="19895045" type="General" weightage="100" keywordseo="Singapore" source="keywords">Singapore</keyword>: India and Singapore held the 2nd round of the <keyword id="21531849" type="General" weightage="20" keywordseo="India-Singapore-Ministerial-Roundtable" source="keywords">India-Singapore Ministerial Roundtable</keyword> (<keyword id="22918586" type="General" weightage="20" keywordseo="ISMR" source="keywords">ISMR</keyword>) in Singapore on Monday and reviewed the progress of the strategic partnership between the two nations, the Ministry of External Affairs said in a press release. The two nations decided to add two new pillars, 'Advanced Manufacturing and Connectivity' for further strengthening bilateral cooperation. Finance Minister Nirmala Sithraman, External Affairs Minister Jaishankar, Commerce and Industry Minister <keyword id="19895367" type="General" weightage="20" keywordseo="piyush-goyal" source="keywords">Piyush Goyal</keyword> and Railways Minister Ashwini Vaishnaw represented the Indian side in Singapore. From the Singapore side, Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, Vivian Balakrishnan, Minister for Foreign Affairs, K Shanmugam, Minister for Home Affairs and Minister for Law, Josephine Teo, Minister for Digital Development and Information and Second Minister for Home Affairs, Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry and Chee Hong Tat, Minister for Transport and Second Minister for Finance participated in the meeting. "The Ministers reviewed the progress of India - Singapore Strategic Partnership, particularly under the pillars of Digitalization, Skills Development, Sustainability, Healthcare and Medicine, identified during the 1st meeting of ISMR, held in New Delhi on September 17, 2022," the statement read. They deliberated on ideas to expand bilateral cooperation and decided to add two new pillars, Advanced Manufacturing and Connectivity for further strengthening bilateral cooperation. The Ministers agreed to hold the next round of ISMR in India at a mutually convenient time. During their visit, the Indian Ministers also called on Singapore President, Tharman Shanmugaratnam, and Singapore Prime Minister Lawrence Wong. "India and Singapore are important partners of each other. The visit reaffirmed the commitment of both sides to further strengthen their multifaceted partnership," MEA added. Singapore Prime Minister Lawrence Wong has called the India-Singapore Ministerial Dialogue an important platform for strengthening bilateral ties. Finance Minister Nirmala Sitharaman thanked Singapore PM for meeting them and stated that talks with Lawrence Wong clearly show that ties between India and Singapore are on sound footing. <keyword id="19922551" type="General" weightage="20" keywordseo="EAM-Jaishankar" source="keywords">EAM Jaishankar</keyword> thanked the Singapore Ministers for their commitment to deepen ties between the two nations. (ANI)

India, Singapore to focus on advanced manufacturing, connectivity to boost bilateral relations

<ul class="summary-list"><li>Elon Musk compared Taiwan to Hawaii, suggesting it was "an integral part of China."</li><li>Taiwan's minister of foreign affairs hit back, saying the island is "certainly not for sale!"</li></ul><a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> provoked a heated response from the Taiwanese government on Wednesday, after he appeared to defend China's claim over the disputed island.During a virtual appearance at the All-In Summit while onboard his private jet, Musk explained how Beijing's "policy has been to reunite Taiwan with China.""From their standpoint, maybe it is analogous to Hawaii or something like that," he said. "Like an integral part of China that is arbitrarily not part of China, mostly because the US Pacific Fleet has stopped any sort of reunification effort by force."The comments did not go down well with Taiwan."Listen up, Taiwan is not part of the PRC &amp; certainly not for sale!" said Joseph Wu, the Taiwanese minister of foreign affairs, on his department's X account.Wu also took the opportunity to send a couple jibes at Musk, as he suggested X should be unbanned in China."Perhaps he thinks banning it is a good policy, like turning off Starlink to thwart Ukraine's counterstrike against Russia," the government official said.That refers to an incident where <a target="_blank" href="https://www.businessinsider.com/why-musk-used-starlink-to-block-ukraine-attack-on-russia-navy-2023-9">Musk refused Ukraine's request to activate Starlink</a> in Crimea to aid an attack, as Musk feared it would lead to nuclear war. On Tuesday, <a target="_blank" href="https://www.businessinsider.com/vladimir-putin-called-elon-musk-outstanding-denied-ukraine-starlink-request-2023-9">Vladimir Putin described Musk</a> as "undoubtedly an outstanding person."<div type="image" title="Musk met with Chinese Foreign Minister Qin Gang." height="1119" width="1900" msid="103662507" hostid="261" sizebytes="137410"></div>The Taiwan furor comes after <a target="_blank" href="https://www.businessinsider.com/photos-tesla-elon-musk-visit-to-china-shanghai-beijing-2023-5">Musk visited China</a> in May, where he received a 16-course banquet, bought burgers for 100 workers at <a target="_blank" href="https://www.businessinsider.com/elon-musk-tesla-lays-off-shanghai-workers-weeks-after-praise-2023-7">Tesla's Shangahi Gigafactory</a>, and met with Chinese foreign minister Qin Gang."I think I understand China well," Musk said at the All-In Summit. "I've been there many times. I've met with senior leadership at the mainlands of China for many years.""If one is to take China's policy recently, and probably one should, then force will be used to incorporate Taiwan into China," he added.Musk did not immediately respond to Insider's request for comment, sent outside US working hours.

Elon Musk was rebuked by Taiwan after appearing to defend the one-China policy: 'Listen up, Taiwan is not for sale'

<ul class="summary-list"><li>Qin Gang was once one of China's most powerful men.</li><li>But the former foreign minister has suffered a spectacular fall from grace.</li></ul>China's former foreign minister Qin Gang is working in a low-level publishing job after falling foul of China's leader Xi Jinping, <a target="_blank" class="" href="https://www.washingtonpost.com/national-security/2024/09/08/qin-gang-whereabouts-foreign-minister/">The Washington Post reported.</a>Two US officials, speaking on condition of anonymity, told the publication that Qin was now listed as an employee at World Affairs Press, a publishing company associated with China's foreign ministry.The officials reportedly told the publication that the demotion took place in spring. One characterized it as a "fall from grace" but also said, "he's off the hook.""He's not going to jail, but his career is over," one source told the Post.One of the officials told the outlet that the demotion is likely intended as a warning to others.Qin was formerly one of China's most powerful figures and a trusted aid of Xi, rising to the position of foreign minister and member of China's state council, the cabinet of China's top officials.His rise to the top was swift. He was known as one of the most prominent of a new generation of "wolf warrior" officials, who brought an aggressive and confrontational style to China's diplomacy.But his downfall was just as rapid. In June 2023, Qin disappeared from public view and <a target="_blank" href="https://apnews.com/article/qin-gang-resigns-legislature-foreign-minister-china-fd15a275387c28e711727eb1bfc4b66f">officially resigned</a> from his position in China's state legislature in February.Rumors circulated about what had led to Qin's dismissal, with <a target="_blank" class="" href="https://www.wsj.com/world/china/chinas-ex-foreign-minister-ousted-after-alleged-affair-senior-officials-told-fdff4672">The Wall Street Journal </a>reporting that Qin had been dismissed because he had an extramarital affair during his stint as China's ambassador to the US, sparking security concerns.<a target="_blank" class="" href="https://edition.cnn.com/2023/09/27/china/china-qin-gang-fu-xiaotian-intl-hnk/index.html">The Financial Times</a> reported that the person Qin had an affair with was TV host Fu Xiaotian. Around that time, Fu reportedly had a child through surrogacy in the US, the report said.Qin was replaced by his predecessor as foreign minister, veteran diplomat Wang Yi.The Chinese embassy in the UK did not immediately respond to a request by Business Insider for comment.

China's 'wolf warrior' foreign minister is now working a lowly publishing role after falling foul of Xi: report

Prime Minister Narendra Modi intervened to end the battle between the department of industrial policy and promotion (<keyword id="6391107" type="ORGANIZATION" weightage="100" keywordseo="DIPP">DIPP</keyword>) and the <keyword id="47209" type="ORGANIZATION" weightage="80" keywordseo="Finance-Ministry">Finance Ministry</keyword> to exercise control over the Foreign Investment Promotion Board (<keyword id="6360345" type="ORGANIZATION" weightage="100" keywordseo="FIPB">FIPB</keyword>). 
 
DIPP, at present, is a part of the Ministry of Commerce and Industry. "It has been decided that FIPB will remain with the Finance Ministry," a senior government official said. The Modi government wants to ensure that the policy regime encourages foreign investors to invest in the country. 
 In order to ensure effective coordination between ministries, Modi had given <keyword id="129243" type="PERSON" weightage="60" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword> independent charge of commerce and industry and also made her the Minister of State for Finance and Corporate Affairs. DIPP had asked for moving FIPB back into its fold after the Modi government took charge. 
 
The Department of Economic Affairs (DEA), which is a part of the Finance Ministry, had also asked for absolute control of the FIPB, including the policy on foreign direct investment.

FIPB To Remain Under Finance Ministry

<keyword id="6355572" type="General" weightage="20" keywordseo="sri-lanka" source="Orion">Sri Lanka</keyword> will allow visa-free entry to visitors from seven countries, including India, China and Russia, under a pilot project the country's foreign affairs minister said on Tuesday. The decision was approved by the Sri Lanka Cabinet, minister <keyword id="8316702" type="General" weightage="20" keywordseo="Ali-Sabry" source="Orion">Ali Sabry</keyword> said. The minister said that the pilot project that has begun with immediate efffect will continue till till March 31, 2024. Taking to X, Minister Sabry said, "Cabinet approves issuing of free visas to India, China, Russia, Malaysia, Japan, Indonesia &amp; Thailand with immediate effect as a pilot project till 31 March." Last week, the Ministry of Tourism announced that a Cabinet Paper had been presented during the previous Cabinet meeting, proposing the issue of free tourist visas to foreigners from five countries who intend to visit Sri Lanka as tourists, The Daily Mirror reported. (ANI)

Sri Lanka announces free visa entry for Indians

<ul class="summary-list"><li>The European Union is freezing the assets of <keyword id="11909347" type="UNKNOWN" weightage="60" keywordseo="putin" source="Orion">Putin</keyword> and Foreign Minister <keyword id="13256778" type="UNKNOWN" weightage="60" keywordseo="lavrov" source="Orion">Lavrov</keyword>.</li><li>Latvia's foreign minister made the announcement on Friday as <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> pushes towards Kyiv.</li></ul>The European Union on Friday approved freezing the assets of Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, Latvia's foreign minister said."<keyword id="11911313" type="UNKNOWN" weightage="60" keywordseo="eu" source="Orion">EU</keyword> Foreign Affairs Council has adopted the 2nd sanctions package, asset freeze includes President of Russia and its Foreign Minister. We will prepare the 3d package," Foreign Minister Edgars Rinkēvičs said on <a href="https://twitter.com/edgarsrinkevics/status/1497248238646304795?s=20&amp;t=mM9SsTFW2QIhC6Lo19Hcrw">Twitter</a>.Josep Borrell, the EU's High Representative of the Union for Foreign Affairs and Security Policy, confirmed the action during a <a href="https://twitter.com/Reuters/status/1497275149648867328?s=20&amp;t=M4eRgE7Cl4EyTQb0emPlQg">press conference</a> on Friday. Borrell said Putin joins Syrian President Bashar al-Assad and Belarusian President Alexander Lukashenko in being the only world leaders sanctioned by the EU. "We will also target those in Belarus those who collaborate with the Russian military aggression against <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>," Borrell said.An unnamed EU official <a href="https://www.reuters.com/business/finance/eu-says-sanctions-target-70-russian-banking-market-2022-02-25/">told Reuters</a> that a third round of sanctions could target "many more" Russian oligarchs."We are moving as quickly as we can," the EU official told Reuters.Freezing the assets of Putin and Lavrov is a step further than the US has gone as far as placing sanctions.President Joe Biden on Thursday <a href="https://www.businessinsider.com/biden-new-strong-sanctions-russia-mounts-attack-on-ukraine-2022-2">announced a second round of sanctions</a> targeting four major banks and Russian elites, and said the new sanctions would restrict Russia's largest state-owned enterprises."We have purposely designed these sanctions to maximize the long-term impact on Russia and minimize the impact on the United States and our allies," Biden said. The new round of US sanctions followed a <a href="https://www.businessinsider.com/biden-announces-new-sanctions-against-russia-over-ukraine-invasion-2022-2">Tuesday announcement</a> from Biden, who said the US has "cut off Russia's government from Western financing."The EU unveiled its first round of sanctions on Wednesday, <a href="https://www.businessinsider.com/european-union-announces-new-sanctions-russia-amid-ukraine-invasion-2022-2">targeting 351 Russian lawmakers</a>, 27 individuals and entities.Its measures also include freezing assets and banning any of sanctioned elites from entering or traveling through EU territory.Other countries like the <a href="https://www.businessinsider.com/russia-sanctions-ukraine-world-governments-president-putin-kremlin-invasion-businesses-2022-2">UK, Japan, and Australia</a> have hit Russia with their own sanctions over its attacks against Ukraine. The EU's latest move comes as Russian forces close in on Ukraine's capital city of Kyiv, which was rocked by explosions on Friday.

European Union freezes assets of Putin and Foreign Minister Lavrov

<ul><li>Subrahmanyam Jaishankar was India’s top diplomat till January 2018. </li><li>He had joined the Tata Group as the President of Global Affairs after retiring from service.</li><li>Jaishankar is an expert on foreign affairs in US and Europe to China, Japan, and southeast Asia.</li></ul>Subrahmanyam Jaishankar was India’s top diplomat till January 2018. Three months later, <a href="http://www.tata.com/htm/Group_Investor_GroupFinancials.htm">the $145 billion Tata group</a>, comprising over 100 companies that produce everything from steel to software, announced that Jaishankar would take over as its president for global corporate affairs. In March 2019, Jaishankar had received the Padma Shri award from President Ram Nath Kovind. Now, he has been appointed as the Minister for External Affairs in the Modi government that has come back to power for a second consecutive term. He was the country's longest-serving foreign secretary and has helped craft much of Modi's foreign policy. He joined Indian Foreign Service in 1977 and served as Indian Ambassador to the United States in 2014 and 2015. He was India's ambassador to China from 2009 to 2013, and to the Czech Republic from 2001 to 2004. He also planned and executed a highly successful maiden visit of Prime Minister Modi to the US in September 2014 and his landmark address to the Indian diaspora at the Madison Square. A major highlight of his diplomatic career was his tenure as Joint Secretary in-charge of Americas Division from 2004 to 2007 when he was involved in negotiating the historic Civil Nuclear Agreement. He also led the Indian team of negotiators for the subsequent 123 Agreement with the US, which was linked to the Civil Nuclear deal and concluded in 2009. Jaishankar's tenure as India's Ambassador to China from 2009 to 2013, which was the longest by any IFS officer, coincided with several major developments in bilateral relations. It was his briefing to the Cabinet Committee on Security in 2010 regarding China's refusal to issue a visa to the Northern Army Commander which led to suspension of Indian defence co-operation with China and military exercises, before the matter was resolved in April 2011. Also in 2010, Jaishankar negotiated an end to the Chinese policy of issuing stapled visas to Indians from Jammu and Kashmir. Jaishankar also had to do <a href="https://www.deccanherald.com/national/national-politics/what-all-can-the-court-overlook-in-the-rafale-matter-723110.html" data-type="tilCustomLink" target="_blank">some fire-fighting for the Modi government</a> as a foreign secretary when the opposition parties raised the ante on the final deal to purchase 36 Rafale fighter jets from French company Dassault. "Jaishankar has an extremely good relationship with Modi, even before his term as foreign secretary," G Parthasarathi told India Today. Jaishankar is also the son of K Subrahmanyam, an extremely influential foreign affairs expert in the country, a journalist and a former civil servant. He played a key role in determining India's global stance on key issues including the country's nuclear doctrine. With inputs from IANS SEE ALSO: <a href="https://www.businessinsider.in/politics/new-cabinet-ministers-ravi-shankar-prasad-gets-eit-communication-and-law-and-justice/articleshow/69594535.cms" data-type="tilCustomLink" target="_blank">Ravi Shankar Prasad retains all his ministries in Modi 2.0 government</a>

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