
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 19:26

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Three more Oath Keepers sentenced for roles in January 6 attack: ‘I was just another idiot’
Three members of a far-right anti-government extremist group who joined a mob inside the US Capitol on January 6 were sentenced to federal prison after their convictions on a range of charges connected to the attack. The hearings in US District Court in Washington DC follow the 18-year prison sentence for Oath Keepers leader Stewart Rhodes, who was convicted by a jury on a treason-related charge of seditious conspiracy after a nearly two-month trial last year. His is the longest sentence, to date, related to the assault at the Capitol on 6 January 2021. Kelly Meggs, another member of the Oath Keepers who was convicted of seditious conspiracy in that same case alongside Rhodes, was sentenced to 12 years in prison on 25 May. Jessica Watkins, a US Army veteran who was convicted of several other charges in that same trial, was sentenced to eight and a half years. A jury found Watkins guilty of obstruction of an official proceeding of Congress and guilty of conspiracy to obstruct. “My actions and my behaviors that fateful day were wrong, and as I now understand, criminal,” she told US District Judge Amit Mehta on 26 May. “Violence is never the answer.” Federal prosecutors argued that Watkins mobilised a group in Ohio alongside the Oath Keepers, and joined a mob in Washington DC in tactical gear to upend the results of the 2020 presidential election, fuelled by Donald Trump’s false narrative that the election was stolen and rigged against him. “I was just another idiot running around the Capitol,” she said on 26 May. “But idiots are held responsible, and today you’re going to hold this idiot responsible.” Prosecutors argued that she marched from the former president’s rally at the Ellipse and breached the halls of Congress in a military-style stack formation, encouraging members of the mob to push through law enforcement. According to messages and recordings shared at trial, Watkins declared the group “stormed the Capitol” on a radio-like communication app on the day of the attack. Judge Mehta, noting her apologies, said that her efforts that day were “more aggressive, more assaultive, more purposeful than perhaps others’.” “And you led others to fulfill your purposes,” he added “And there was not in the immediate aftermath any sense of shame or contrition, just the opposite. Your comments were celebratory and lacked a real sense of the gravity of that day and your role in it.” Kenneth Harrelson was found guilty of obstruction of an official proceeding, conspiracy to prevent an officer from discharging duties, and tampering with documents or proceedings. He was sentenced to four years in prison on 26 May. In his plea for leniency, Harrelson, weeping as he spoke, apologised to US Capitol Police Officer Harry Dunn, who testified during the trial that the Oath Keepers that the group failed to support law enforcement and ignored his warnings that they were endangering officers’ lives. “I am responsible and my foolish actions have caused immense pain to my wife and children,” Harrelson told Judge Mehta on Friday. The judge noted that, in evidence from federal prosecutors, “there is not a single word in a single communication that anyone would consider extremist, radicalized” or “encourages anyone to engage in violence.” Read More Oath Keepers leader Stewart Rhodes sentenced to 18 years in prison for January 6 sedition Who are the Oath Keepers?
2023-05-27 04:52
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