Otel Moni http://otelmoni.com/ Tue, 17 May 2022 03:24:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://otelmoni.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Otel Moni http://otelmoni.com/ 32 32 Turkey opposes as Sweden and Finland seek NATO membership | Business and finance https://otelmoni.com/turkey-opposes-as-sweden-and-finland-seek-nato-membership-business-and-finance/ Mon, 16 May 2022 22:10:37 +0000 https://otelmoni.com/turkey-opposes-as-sweden-and-finland-seek-nato-membership-business-and-finance/

STOCKHOLM (AP) — Turkey’s president on Monday complicated Sweden and Finland’s historic bid for NATO membership, saying he could not allow them to become members of the alliance because of their perceived inaction against Kurdish activists in exile.

President Recep Tayyip Erdogan doubled down on comments last week that the two Nordic countries’ path to NATO would be anything but smooth. The current 30 member countries of NATO must agree to open the door to new members.

Erdogan spoke to reporters just hours after Sweden joined Finland in announcing it would seek NATO membership following Russia’s invasion of Ukraine, ending more than 200 years of military misalignment. He accused the two countries of refusing to extradite “terrorists” wanted by his country.

“Neither country has an open and clear position against terrorist organizations,” Erdogan said, apparently referring to Kurdish militant groups such as the banned Kurdistan Workers’ Party, or PKK.

Swedish officials said they would send a team of diplomats to Ankara to discuss the issue, but Erdogan suggested they were wasting their time.

“Are they coming to try to convince us? Sorry, don’t wear yourself out,” Erdogan said. “During this process, we can’t say ‘yes’ to those who impose sanctions on Turkey, membership in NATO, which is a security organization .”

Sweden has taken in hundreds of thousands of refugees from the Middle East over the past decades, including Kurds from Syria, Iraq and Turkey.

Turkey’s objections surprised many Western officials and some got the impression that Ankara would not let the issue spoil NATO enlargement. NATO Secretary General Jens Stoltenberg said over the weekend that “Turkey has made it clear that its intention is not to block membership.”

In Washington, Swedish Ambassador Karin Olofsdotter was among those who said they were surprised by Turkey’s objections.

“We have a very strong counter-terrorism program and a lot of the accusations, almost, that come out… just aren’t true,” she said.

Sweden on Monday decided to apply for NATO membership a day after the ruling Social Democratic Party approved a plan for the country to join the transatlantic alliance and the Finnish government announced it would seek to join NATO.

Swedish Prime Minister Magdalena Andersson warned that the Nordic country would be in a “vulnerable position” during the bid period and urged her fellow citizens to prepare for the Russian response.

“Russia said it would take countermeasures if we join NATO,” she said. “We cannot exclude that Sweden is exposed, for example, to misinformation and attempts to intimidate and divide.”

Moscow has repeatedly warned Finland, which shares a 1,340 kilometer (830 mile) border with Russia, and Sweden of the repercussions if they want to join NATO. But Russian President Vladimir Putin on Monday seemed to downplay the significance of their decision.

Addressing a Russian-led military alliance of six ex-Soviet states, Putin said Moscow “has no problem” with Sweden or Finland’s NATO bid, but that “the ‘Expansion of military infrastructure in this territory will, of course, give rise to our reaction in response.’

Andersson, who leads the centre-left Social Democrats, said Sweden would submit its NATO bid jointly with Finland. Flanked by opposition leader Ulf Kristersson, Andersson said her government was also preparing a bill that would allow Sweden to receive military assistance from other nations in the event of an attack.

“Russian leaders thought they could bully Ukraine and deny them and other countries self-determination,” Kristersson said. “They thought they could scare Sweden and Finland and drive a wedge between us and our neighbors and allies. They were wrong.”

Once a regional military power, Sweden has avoided military alliances since the end of the Napoleonic Wars. Like Finland, it remained neutral throughout the Cold War, but entered into closer relations with NATO after the 1991 Soviet collapse. They no longer consider themselves neutral after joining the European Union in 1995, but have remained militarily unaligned until now.

After being staunchly opposed to NATO membership for decades, public opinion in both countries changed following Russia’s February 24 invasion of Ukraine, with record levels of support for the alliance membership. The Swedish and Finnish governments soon began cross-party talks on NATO membership and sought support from the United States, Britain, Germany and other NATO nations. NATO.

On Sunday, Anderson’s party reversed its long-held position that Sweden must remain non-aligned, giving NATO membership overwhelming support in parliament. Only the smaller left and green parties opposed when the issue was discussed by lawmakers on Monday.

Left Party leader Nooshi Dadgostar, whose calls for a referendum on the issue were rejected by the government, said NATO membership would increase tensions in the Baltic Sea region.

“It doesn’t help Ukraine,” she said.

Andersson said Sweden would make it clear it did not want nuclear weapons or permanent NATO bases on its soil – similar conditions to those neighboring Norway and Denmark insisted on when the alliance was formed after World War II.

During a visit to Helsinki on Monday, Senate Republican leader Mitch McConnell said there was “very strong” support in Congress for welcoming Finland and Sweden into the alliance and that he would expects ratification before the August recess.

In a joint statement, Nordic NATO members Norway, Denmark and Iceland said they were ready to help Finland and Sweden “with all necessary means” during the bid process.

___ Jan M. Olsen in Copenhagen, Denmark, Suzan Fraser in Ankara, Turkey, and Ellen Knickmeyer in Washington, DC, contributed to this report.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Everything you need to know about stablecoins https://otelmoni.com/everything-you-need-to-know-about-stablecoins/ Mon, 16 May 2022 15:31:00 +0000 https://otelmoni.com/everything-you-need-to-know-about-stablecoins/

Cheap money transfer. People have contributed up to $1 million to USDC for as little as $1 in transfer fees.
International shipping is available. Stablecoins like USDC are a fantastic alternative for sending money around the world due to their fast processing and cheap transaction fees.

Because their prices are pegged to a reserve asset such as the US dollar or gold, stablecoins bridge the worlds of cryptocurrencies and regular fiat money. Compared to Bitcoin, this significantly minimizes volatility, resulting in a kind of digital currency better suited for everything from day-to-day trading to facilitating transfers between exchanges.

The idea of ​​combining the stability of traditional assets with the flexibility of digital assets has proven extremely appealing. Stablecoins like USD Coin (USDC) have attracted billions of dollars in value, becoming one of the most popular ways to store and transfer wealth in the crypto ecosystem.

Finextra Search

How important are stablecoins?

The USDC stablecoin, for example, is backed by dollar-denominated assets in segregated accounts with regulated financial institutions in the United States whose fair value is at least equal to that of the outstanding USDC. An independent accounting firm certifies (ie publicly verifies) these accounts.

USDC, like many other stablecoins, is currently decentralized on the Ethereum blockchain. Stablecoins lack the volatility of unindexed cryptocurrencies while retaining some of their most powerful characteristics:

  • Stablecoins are open, worldwide and available to anyone on the internet at any time.
  • They transport data quickly, cheaply and securely.
  • They are digitally native to the Internet and can be programmed.

What can stablecoins be used for?

Reduce volatility. The value of cryptocurrencies such as Bitcoin and Ether changes drastically, sometimes even by the minute. An asset tied to a more stable currency can give buyers and sellers confidence that the value of their tokens will not rise or fall unexpectedly in the near future.

Assets can be traded or saved. Stablecoins do not require a bank account and are simple to transfer. The value of stablecoins can be easily transferred around the world, especially in areas where the US dollar is hard to come by or the local currency is unstable.

Earning Interest There are simple ways to earn interest on a stablecoin investment that is often higher than what a bank would offer.

How does stablecoin work?

There are two types of stablecoins: those backed by reserves of assets such as fiat cash, bonds, treasury notes, or even other crypto tokens, and those that are algorithmic or “decentralized.”

Tether, USD Coin, and Binance USD are reserve-backed stablecoins: they claim to hold enough dollar-denominated assets to maintain a 1:1 exchange rate.

According to the companies, one of their stablecoins can always be exchanged for a dollar.

Asset-backed stablecoins have come under fire in recent years for failing to be honest about their reserves and whether they have enough funds to back up all the digital coins in circulation. TerraUSD, on the other hand, is an algorithmic stablecoin.

This suggests he has no reservations. Instead, its value was supposed to be maintained by a complex mechanism involving the exchange of TerraUSD coins for a floating cryptocurrency known as Luna to control supply.

Are stablecoins actually stable?

Crypto's Audacious Algorithmic Stablecoin Experiment Collapses |  New technics

HT technology

Stablecoins have been heralded as safe and predictable by cryptocurrency producers, but as investors discovered this month, that’s not always the case.

Despite being pegged to the US dollar, the terraUSD stablecoin fell to $0.77 this week. Another dollar-backed stablecoin, Luna, broke below $1 on Wednesday evening, while Tether fell to $0.95 on Thursday.

Some investors were so angered by the depreciation of their stablecoins that they launched a lawsuit against Coinbase on Thursday. The case revolves around the stablecoin GYEN, which is pegged to the Japanese yen.

“At the same time, the value of GYEN fell to ankle again, dropping 80% in one day.”

Why do some stablecoins lose value?

Stablecoins were hit by greater cryptocurrency selling, which accelerated shortly after the Federal Reserve raised interest rates by half a percentage point. Higher interest rates, coupled with rising inflation and supply chain issues, are raising fears among investors that the US economy could collapse in the near future.

As economic uncertainty increases, many investors have shifted their portfolios away from riskier assets, such as stablecoins and other cryptocurrencies. According to data from CoinMarketCap, the price of major cryptocurrencies fell between 5% and 85% in the past week.

What are government watchdogs worried about?

Stablecoins have been at the forefront of conversations among American politicians about how to govern the booming cryptocurrency market.

Stablecoins, in particular, require oversight due to their growing popularity and the fact that “they are backed by assets that can lose value or become illiquid in times of stress,” making them “liable to run “, according to Federal Reserve research published on Monday. . In the financial industry, a “race” occurs when all or most account holders withdraw their money at once because they think the institution won’t be around for long.

According to the Fed’s analysis, the stablecoin industry is “extremely consolidated”, with the three largest stablecoin issuers – Tether, USD Coin, and Binance USD – accounting for over 80% of the total market value.

On Monday, US Treasury Secretary Janet Yellen echoed the call for stablecoin regulation, highlighting how quickly a price drop could affect investors.

“A stablecoin known as TerraUSD has had a run and its value has plummeted,” she told the Senate Banking Committee on Tuesday. “I think it just shows that this is a rapidly developing product with financial stability issues, and we need a proper structure.”

Types of Stablecoin Collateral

Stablecoins under this architecture come in a variety of varieties, and guaranteed stablecoins use a variety of assets as backing:

  • Fiat: The most common collateral for stablecoins is fiat. The US dollar is the most widely used fiat currency, but companies are now looking at stablecoins linked to other fiat currencies, such as BiLira, which is linked to the Turkish lira.
  • Precious metals: The value of many cryptocurrencies is tied to the value of precious metals like gold or silver.
  • Cryptocurrencies: Some stablecoins even use other cryptocurrencies as collateral, such as ether, the native token of the Ethereum network.
  • Other investments: Tether’s USDT was previously supposed to be backed 1:1 with dollars, but its collateral composition has varied over time, and the company has revealed that around half of its reserves are made up of commercial paper, a type of short-term corporate debt, in a 2021 blackout. The issuers of this document have not been identified, but it is stated that they are all rated A-2 or better (A- 2 is the second best rating that can be achieved by a corporate borrower from rating agencies such as Standard & Poor’s). Circle’s USDC, similarly, puts unnamed “permitted investments” next to accounts at federally insured banks in its monthly disclosures (note that it doesn’t say whether the accounts themselves are insured) .

Do stablecoins have any drawbacks?

What is a Stablecoin?  - Simplecryptoguide.com

simplecryptoguide.com

There are a few downsides to stablecoins to consider. Stablecoins have different weak points than other cryptocurrencies due to the way they are normally set up.

If reserves are held with a bank or other third party, another risk is counterparty risk. It boils down to whether the entity has the security it claims to have. Tether, for example, has been repeatedly questioned whether it maintains true 1-1 support between USDT tokens and US dollars.

In the worst case, the reserves backing a stablecoin may be insufficient to redeem every unit, thereby undermining trust in the coin.

Cryptocurrencies were designed to replace the intermediary organizations that a user’s money has traditionally been entrusted to. Intermediaries, by definition, control this money; for example, they can usually prevent a transaction from taking place. Some stablecoins bring back the option to stop transactions.

The USD currency openly features a backdoor to block payments if the coins are used illegally. Circle, one of the companies that created the USDC, confirmed in July 2020 that it had frozen $100,000 of the stablecoin at the request of law enforcement.

Is each stablecoin linked to a national currency?

The most popular stablecoins are now pegged to the US dollar, just as the US dollar acts as a reserve currency for governments around the world. A single unit of tether, USD coin, or Binance USD is worth around $1.

The underlying asset, however, does not have to be a national currency. The asset can be a commodity like gold (as with kitco gold), an algorithm like dai, or even another cryptocurrency like bitcoin (bitUSD).

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Former Tasmanian ferry Abel Tasman sets sail for demolition in Turkey https://otelmoni.com/former-tasmanian-ferry-abel-tasman-sets-sail-for-demolition-in-turkey/ Sun, 15 May 2022 19:07:32 +0000 https://otelmoni.com/former-tasmanian-ferry-abel-tasman-sets-sail-for-demolition-in-turkey/

Once celebrated by thousands of Tasmanians when it arrived on our shores in 1985, the time has come for the old Abel Tasman ferry to make its final journey.

News outlets in Greece – where the ship has been moored since 2015 – reported that the ferry, now called Theofilos, is on its way to Turkey to be broken up for scrap.

When the TT Line’s new commercial ferry, the German-built Abel Tasman, arrived in Devonport, Tasmania in 1985, it was greeted as a hero.

“It was a huge leap forward from its predecessor,” said Mitchell Bruce, creator of the Ferries in Tasmania website.

The Abel Tasman replaced the Empress of Australia, which provided three crossings per fortnight between Tasmania and the mainland.

The Abel Tasman, pictured during her years of operation from 1985 to 1993.(Provided: heather rice)

This also marked the start of the TT-Line company operating ferry services across Bass Strait.

Promotional poster for the Abel Tasmania ferry.
A promotional poster for the Abel Tasman.(Supplied: Tasmania Ferries)

The Abel Tasman has increased sailings to six weekly overnight crossings between Devonport and Melbourne, with passenger numbers exceeding expectations.

This vessel maintained service until 1993, when it was replaced by the much larger Spirit of Tasmania.

Once providing a link to the mainland for many Tasmanians and visitors or new residents, news of the ferry’s final journey has sparked nostalgia among readers of ABC Hobart’s Facebook page.

Tasmanian school trips, moving states, band tours and even a mid-term proposal – Tasmanians have shared with us their memories of the Abel Tasman at its peak.

“I played on board with my band Wild Pumpkins at Midnight in exchange for our tickets to Melbourne on our first continental tour in 1986…there was a lot of turnover, and we couldn’t stand playing the double bass!” said Michael Turner.

Passenger space in an old ferry.
The Abel Tasman, built in 1975, began life as Nils Holgersson.(YouTube: Exploring the Undefeated Path)

“We went back after being caught in Queensland when Ansett collapsed,” said Anne Mitchell.

“The boat was full of people sleeping everywhere – even on the floor in the main public area – there was not a square centimeter of space left!”

Freycinet room in the former Abel Tasman ferry.
Abel Tasman’s Freycinet room.(Tasmania Ferries)

accident prone

In 1990 the Tasmanian government announced that the Abel Tasman would be replaced by a larger ferry, Peter Pan, which was renamed The Spirit of Tasmania.

Two members in an old ferry control room.
Crew members on board the old Abel Tasman ferry.(Tasmania Ferries)

The Abel Tasman was then sold to a Greek shipping company called Ventouris Ferries in 1994, leaving Tasmania for the last time.

During the ship’s life in Greece, she was plagued with mechanical problems and service changes on the Greek island’s inland routes.

In 1995 the ship crashed in the Greek port of Chios after a mechanical failure caused it to enter the port at full speed, crushing a car and causing extensive damage.

A ship that has crashed into a dock.
The Theofilos after touching the quay of Chios, in 1995.(Apostolos Kaknis Collection)

In 2008, the ship struck a reef while operating between Piraeus and Chios, causing flood damage to parts of the ship.

When Mitchell Bruce learned that the Abel Tasman was leaving Greece to be broken up in Turkey, he had mixed feelings.

Mitchell said contacts in Greece told him there was hope the ship would be purchased and upgraded, but due to the cost that hope quickly faded.

Interior of what was once the Abel Tasman ferry.
The Abel Tasman was replaced by the original Spirit of Tasmania in 1993.(YouTube: Exploring the Undefeated Path)

The pinch of nostalgia

The Abel Tasman has not been in Tasmanian waters for over 30 years, but it is clear that the vessel’s mark on Tasmania was important.

Two women enjoying a sauna.
Two female guests enjoying a sauna on board the Abel Tasman.(Tasmania Ferries)

A Tasmanian woman recalled sailing on the ship while she was in Greece in 2000, only realizing when she was on board.

Mitchell Bruce said that while the ship will no longer sail in European waters, it will forever be part of Tasmania’s rich maritime history.

“It was really considered something special.”

Unused command deck of what was once the Abel Tasman ferry.
The Tasmanian government paid around $19 million for the Nils Holgersson in 1984, later renaming it Abel Tasman.(YouTube: Exploring the Undefeated Path)
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US lifts sanctions on Syrian areas under YPG control, Turkey condemns move – Middle East Monitor https://otelmoni.com/us-lifts-sanctions-on-syrian-areas-under-ypg-control-turkey-condemns-move-middle-east-monitor/ Sun, 15 May 2022 09:20:00 +0000 https://otelmoni.com/us-lifts-sanctions-on-syrian-areas-under-ypg-control-turkey-condemns-move-middle-east-monitor/

The United States has exempted Syrian territories ruled by the Kurdish People’s Protection Units (YPG) militia from sweeping sanctions, in a move that neighboring Turkey has condemned as an attempt to “legitimize” the group.

The US Treasury Department’s decision lifted numerous bans in areas primarily under the control of the YPG and its administration, which would allow companies to engage in agriculture, telecommunications, network infrastructure electrical, construction, manufacturing, trade, finance and clean energy.

The decision also allows certain foreign investments in the areas, which stretch from Aleppo governorate in the northwest to Hassakeh governorate in the northeast.

The decision was announced by Acting U.S. Assistant Secretary of State Victoria Nuland on Wednesday at a meeting of the Global Coalition Against Daesh held in the Moroccan city of Marrakech. “The United States intends in the coming days to issue a blanket license to facilitate private economic investment activity in areas not controlled by the regime liberated from ISIS. [Daesh] in Syria.”

Oil from these exempt areas can now also be purchased, provided it does not benefit the Syrian regime of Bashar al-Assad. Business with the Assad regime is still generally covered by the sanctions and is officially prohibited, as is the import of Syrian oil into the United States.

Although Nuland’s statement and Treasury’s decision did not specifically name the YPG as the target of its sanctions relief, many analysts believe it is primarily aimed at helping the militia, as it will benefit them the most by exempting areas largely under its control in northern and eastern Syria.

READ: US sanctions on Caesar are a punishment, not a solution for Syria

Turkey condemned the move, however, with President Recep Tayyip Erdogan telling reporters in Istanbul that “the YPG is a terrorist organization. The YPG is what the PKK [officially-designated terrorist group the Kurdistan Workers’ Party] is. Therefore, it is not possible for us to accept this error of the United States.”

Turkish Foreign Minister Mevlut Cavusoglu echoed the comments, stressing – during a joint press conference with the Democratic Republic of Congo’s top diplomat, Christophe Lutundula Apala in Istanbul – that the decision is “a selective and discriminatory approach, and they have brought flexibility in these Caesar Law Sanctions for certain regions.”

“They don’t want to extend this to regions controlled by the regime, but they discriminate against regions that the regime does not control at the moment,” he said. “Especially in places where the PKK/YPG is dominant, they stretch it. For example, it covers the region that we cleared of Daesh terrorism, but not the region like Afrin, that we cleared of the PKK.”

Cavusoglu further questioned why the opposition-held northwest province of Idlib was not included in the exemptions, stressing that this is the region where the international community should provide the most support. “There are millions of displaced people. We are building brick houses for the Syrians there. Many have moved into their homes. This is continuing, and 100,000 brick houses will be built. The international community must support this.”

For the past five years, the United States has backed, supported and armed the YPG and its Kurdish partner group, the Syrian Democratic Forces (SDF). That support has long angered Turkey, which has accused Washington and European nations of essentially supporting terrorism and threatening Turkish national security. The YPG’s Western partners, however, insist they only support it to help fight and defeat Daesh.

READ: Former US commander admits mistake in backing Syria’s Kurds

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Latest news on the Russian-Ukrainian war: live updates https://otelmoni.com/latest-news-on-the-russian-ukrainian-war-live-updates/ Sat, 14 May 2022 03:06:00 +0000 https://otelmoni.com/latest-news-on-the-russian-ukrainian-war-live-updates/ KRAKOW, Poland — Russian President Vladimir V. Putin faced further setbacks on Friday during the invasion of Ukraine, as Sweden became the second neutral country in two days to move towards joining NATO and that the West has found ways to redirect Ukrainian grain beyond a Russian naval blockade.

Fresh signs of a Russian military retreat near Ukraine’s second-largest city, Kharkiv, have also added to Putin’s challenges, appearing to reverse or at least delay the Kremlin’s goal of encircling concentrated Ukrainian forces. in eastern Ukraine.

But for Mr Putin, perhaps the greatest vexation was the most personal: Britain imposed sanctions on his ex-wife, Lyudmila Ocheretnaya, about a former Olympic gymnast who has long been said to be his girlfriend, Alina Kabaeva, and about three cousins: Igor, Mikhail and Roman Putin.

“We are exposing and targeting the shady network that supports Putin’s luxurious lifestyle and tightens the noose on those around him,” British Foreign Secretary Liz Truss said.

Credit…Giuseppe Cacace/Agence France-Presse — Getty Images

The West has had to face its own challenges. Even as Sweden signaled that it would benefit from NATO membership – a day after Finland declared it was ready to join – Turkey’s president voiced his objections to an enlargement of the alliance, a possible complication that could work in favor of Russia. The alliance’s foreign ministers were meeting in Germany on Saturday and invited their Swedish and Finnish counterparts to join them.

In a sign that all diplomatic channels have not been cut off, the American Secretary of Defense, Lloyd J. Austin III, spoke on Friday with Sergei K. Shoigu, Russian Minister of Defense, for the first time since the 18 February, six days before. the invasion of Ukraine. Mr. Austin pushed for an immediate ceasefire in Ukraine and stressed the importance of maintaining lines of communication, according to John F. Kirby, the Pentagon spokesman.

The Russian Defense Ministry said the call was held “on the initiative of the US side”, which two senior US officials confirmed.

Senior Pentagon officials, including Mr. Austin, had made several attempts to contact their Russian counterparts in the aftermath of the invasion. Until Friday, these efforts had been unsuccessful.

“What made them change their minds and be open to it, I don’t think we know for sure,” a senior Pentagon official said, speaking on condition of anonymity to describe a confidential call . He said the hour-long conversation was “professional” but didn’t break new ground. Still, Mr Austin hoped it would “serve as a springboard for future conversations”, the official said.

It was the highest-level contact between U.S. and Russian leaders since Jake Sullivan, President Biden’s national security adviser, spoke with General Nikolay Patrushev, secretary of Russia’s Security Council, on March 16. , to reiterate the strong opposition of the United States to the invasion.

Credit…Anton Novoderezhkin/Sputnik

Russia has taken around 80% of the Donbass region in eastern Ukraine, where its latest offensive has been concentrated. If Moscow can hold this territory, it would gain significant leverage in all future talks. Yet it is struggling to gain ground against Ukrainian forces wielding heavy weaponry supplied by the West.

On Friday, Russian forces shelled largely abandoned and devastated towns in the Donbass as Ukrainian forces pushed Russian troops away from Kharkiv in the northeast. The Ukrainian counteroffensive was beginning to rival the one that pushed Russian troops away from Ukraine’s capital Kyiv last month, said the Institute for the Study of Warfare, a Washington-based research group.

The UK Ministry of Defense said satellite imagery confirmed Ukrainian forces also decimated a Russian battalion as it tried to cross pontoon bridges over a river in northeast Ukraine earlier this week. Although it is unclear how many soldiers were killed, the scattering of burned and destroyed vehicles along the river suggested that Russia had suffered heavy casualties.

Credit…Finbarr O’Reilly for The New York Times

In moving closer to NATO membership, Sweden claimed in a report that Russian aggression in Ukraine had fundamentally altered Europe’s security and that Sweden’s membership in the alliance would have “a deterrent effect in Northern Europe”.

“By joining NATO, Sweden would not only strengthen its own security, but would also contribute to the security of like-minded countries,” the report said.

If Sweden joined, it would end more than 200 years of neutrality and military non-alignment and deliver another rebuke to Mr Putin, who had cited NATO expansion as justification for the invasion.

But adding Sweden and Finland could be complicated by Turkish President Recep Tayyip Erdogan, who hinted on Friday that his country, which has one of the largest armies among NATO members, would be reluctant to welcome them into the covenant.

“Right now we are following developments regarding Sweden and Finland, but we don’t have positive opinions,” Erdogan told reporters after attending Friday prayers at a mosque in Istanbul.

Turkey generally supported Western responses to the invasion, agreeing to prevent Russian warships from passing through the Turkish Strait.

Credit…Lynsey Addario for The New York Times

But Sweden and Finland would need the unanimous support of NATO’s 30 members to join. Mr Erdogan could withhold Turkey’s approval to lobby on issues close to his heart, such as Turkey’s long-standing concerns over a guerrilla group known as the Kurdistan Workers’ Party, or PKK, which launched a violent separatist movement in Turkey in the early 1980s.

“Unfortunately, Scandinavian countries are almost like guesthouses for terrorist organizations,” Erdogan said, naming the PKK

Karen Donfried, assistant secretary of state for European and Eurasian affairs, told reporters in Washington on Friday that the United States was “working to clarify Turkey’s position.” She said US officials do not assume that Turkey opposes Finland and Sweden joining NATO.

“We respect the ongoing political processes in Finland and Sweden,” she said.

In Germany, agriculture ministers from the Group of 7, representing the world’s wealthiest democracies, discussed ways to circumvent Russian warships that blocked Ukrainian grain from reaching world markets through the Black Sea . Ukraine is the world’s fourth largest grain exporter and the blockade threatens to deepen a global food crisis.

Cem Özdemir, Germany’s agriculture minister, said the G7 would look for routes to transport Ukrainian grain by road and rail, as well as via the Danube. He called the blockade “part of Russia’s treacherous strategy not only to eliminate a competitor, which it will not be able to do, but it is also an economic war that Russia is waging”.

Credit…David Guttenfelder for The New York Times

In kyiv, Ukrainian judicial authorities began hearing a case against a Russian soldier accused of shooting a civilian, the first trial involving an alleged war crime by a Russian serviceman since the start of the invasion.

Prosecutors said the soldier, Sgt. Vadim Shysimarin, shot and killed a 62-year-old man on a bicycle in a village in the Sumy region, about 200 miles east of kyiv, on February 28 to prevent the man from reporting him and his fellow soldiers, to the Ukrainians.

Sergeant Shysimarin, who is 21 and faces 10 to 15 years in prison, was brought into the courtroom handcuffed and seated in a locked glass box. Head down, he ignored reporters who asked him how he was feeling.

“For me, it’s just work,” said Viktor Ovsyannikov, a Ukrainian court-appointed lawyer, when asked about Sergeant Shysimarin’s defence. “It’s very important to make sure that my client’s human rights are protected, to show that we are a different country than the one he is from.”

In the Russian town of Khimki, near Moscow, a court has extended the pretrial detention of American basketball star Brittney Griner, a two-time Olympic gold medalist, until June 18, her lawyer said.

Credit…Andrej Cukic/EPA, via Shutterstock

Ms Griner has been detained in Russia since mid-February on drug trafficking charges that could carry up to 10 years in prison. The charge is based on allegations that she had vaping cartridges containing hashish oil in her luggage when she was arrested at an airport near Moscow in February.

“She is fine,” Ms Griner’s lawyer, Aleksandr Boikov, said in an interview, adding that the court had rejected his request to transfer Ms Griner to house arrest. He said he expected the trial to start in about two months.

The State Department said this month that Ms Griner had been “wrongfully detained”, signaling that it may become more actively involved in trying to secure her release.

Marc Santora brought from Krakow, Marc Landler of London and Michael Levenson from New York. The report was provided by Eric Schmitt and Edward Wong from washington, Ivan Nechepurenko from Tbilisi, Georgia, Valerie Hopkins from Kyiv, Ukraine, Matthew Mpoke Bigg and Cassandra Vinograd from London, Dan Bilefsky of Montreal and Steven Erlanger from Tallinn, Estonia.

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Turkish leader opposes Finland and Sweden joining NATO https://otelmoni.com/turkish-leader-opposes-finland-and-sweden-joining-nato/ Fri, 13 May 2022 18:33:45 +0000 https://otelmoni.com/turkish-leader-opposes-finland-and-sweden-joining-nato/

HELSINKI (AP) — Turkish President Recep Tayyip Erdogan said Friday that his country was “not in favor” of Finland and Sweden joining NATO, indicating that Turkey could use its membership in the NATO. Western military alliance to veto the admission of the two countries.

“We are following the developments regarding Sweden and Finland, but we are not of a favorable view,” Erdogan told reporters.

The Turkish leader explained his opposition by citing the alleged support of Sweden and other Scandinavian countries for Kurdish militants and others whom Turkey considers terrorists.

He said he also did not want to repeat Turkey’s past “mistake” when it agreed to readmit Greece back into NATO’s military wing in 1980. He claimed the action helped Greece “to adopt an attitude against Turkey” with the support of NATO.

Erdogan did not say categorically that he would block any attempt by the two Nordic nations to join. However, NATO makes all its decisions by consensus, which means that each of the 30 member countries has a potential veto over who can join.

Russia’s aggression in Ukraine prompted Finland and Sweden to reconsider their traditions of military non-alignment. Public opinion in both countries quickly began to favor NATO membership after Russia invaded Ukraine on February 24.

If the two countries embarked on this path, it would represent a blow to Russia ever since President Vladimir Putin cited NATO expansion near Russian territory as one of his justifications for invading Ukraine.

US President Joe Biden spoke with Swedish Prime Minister Magdalena Andersson and Finnish President Sauli Niinistö on Friday.

The White House said in a statement that Biden “underlined his support for NATO’s open door policy and the right of Finland and Sweden to decide their own future, foreign policy and security arrangements”.

Niinistö’s office said the three leaders “share deep concern about Russia’s war against Ukraine.”

“President Niinistö outlined Finland’s next steps towards NATO membership. President Niinistö said (to Biden) that Finland deeply appreciates all necessary support from the United States,” the office said in a brief statement.

White House press secretary Jen Psaki said Friday that Washington was “working to clarify Turkey’s position” and believes there is “broad support” among NATO members for Finland and Sweden join the alliance.

Secretary of State Antony Blinken is due to meet his NATO counterparts, including the Turkish foreign minister, this weekend in Germany.

America’s top diplomat for Europe, Karen Donfried, told reporters ahead of Blinken’s trip that the United States continued to support Finland’s and Sweden’s potential bids for NATO membership. She said the United States remains convinced that the alliance is more united than ever due to Russia’s invasion of Ukraine.

Finland’s president and prime minister said on Thursday they favored a swift application for NATO membership, paving the way for the country to announce a decision in the coming days. Sweden’s ruling Social Democratic Party, led by Andersson, is expected to reveal its decision on Sunday.

Asked about Erdogan’s comments at a press conference in Helsinki, Finnish Foreign Minister Pekka Haavisto said: “We need patience in this kind of process. It doesn’t happen in a day. That’s all I can say for now. Let’s take the problems step by step.

The Finnish minister said he was likely to have talks with his Turkish counterpart, Mevlut Cavusoglu, at the NATO meeting in Berlin this weekend. Cavusoglu spoke with NATO Secretary General Jens Stoltenberg on Friday, but the Turkish Foreign Ministry did not provide details.

Stoltenberg said Finland and Sweden, if they formally applied to join the world’s largest security organization, would be welcomed with open arms.

The accession procedure could take place in “a few weeks”, several NATO officials have said, although ratification of the accession protocol by member countries could take around six months.

Meanwhile, a report by the Swedish government on the altered security environment facing the Nordic country following Russia’s invasion of Ukraine indicates that Moscow would react negatively to Sweden joining NATO and would initiate several countermeasures.

The analysis of the Swedish government’s security policy, which will serve as the basis for Andersson’s cabinet in deciding whether or not to seek membership in the Western military alliance, was presented to Swedish lawmakers on Friday.

The report did not include a recommendation on whether or not Sweden should try to join NATO. But he stressed that NATO membership has a number of benefits for Sweden – above all the collective security provided by the 30-member military alliance.

At the same time, he lists numerous tactics that Russia is likely to use in retaliation, including cyberattacks, violations of Swedish airspace and threats to use nuclear weapons.

___

Fraser reported from Ankara, Turkey. Matt Lee and Chris Megerian in Washington contributed.

___

Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

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A solid partnership, promising economic prospects https://otelmoni.com/a-solid-partnership-promising-economic-prospects/ Fri, 13 May 2022 09:20:00 +0000 https://otelmoni.com/a-solid-partnership-promising-economic-prospects/

In order to strengthen the strong and strategic brotherly relations between the State of Qatar and the Republic of Turkey, H.H. Amir Sheikh Tamim bin Hamad Al Thani started an official visit to Turkey yesterday.

The two countries look forward to strengthening the strong brotherly ties and strategic relations between them, which have been developed and rooted over many decades, to cover the sectors of security, politics, military, economy, investment, development, culture and others in order to achieve common interests. of the two countries and their brotherly peoples.

Qatar-Turkey relations, which officially began in 1979, with the opening of the two countries’ embassies in Doha and Ankara, are strong and solid at all levels. Its strength was enhanced by the establishment of the Joint Senior Strategic Committee between Qatar and Turkey in 2014, of which Doha hosted its first session in December the following year. Since its creation, seven meetings have been held, equally between the two countries, resulting in the conclusion of more than eighty agreements in various fields.

Mutual official visits at the highest level between the two countries, as well as political consultations, do not stop, because Doha and Ankara are linked by relations of friendship and brotherhood that are exceptional in their distinction and gift due to the great rapprochement at the level of leaders and people and the common denominators between the two brotherly countries, and the boundless solidarity between them in times of crisis, as well as harmonious political visions on many issues and issues. The two countries also share a political orientation that adopts dialogue, diplomacy and the activation of mediation efforts as the basis for security, stability and peace and the resolution of international and regional conflicts.

The biggest indication of the depth of Qatar-Turkey relations is that since 2014, His Highness the Amir and HE the Turkish President have held 28 summits. The most recent of these meetings took place in December 2021, when President Recep Tayyip Erdogan visited Doha and chaired, together with his brother the Emir, the seventh meeting of the joint Qatari-Turkish high strategic committee between the two country. After the meeting, the two sides signed several agreements and memorandums of understanding covering endowments, Islamic affairs, media, communication, culture, disaster and emergency management, to standardize standards, small and medium enterprises and investments.

The final communiqué of the committee meeting was also signed, indicating that the two sides discussed many aspects of their strong and distinguished relationship, including regional security and cooperation in defence, health, trade. and investment, energy, aviation, tourism, culture and education. The two sides pledged to further strengthen their bilateral relations in the financial services sector and to continue to act in close financial coordination, and the two sides welcomed the signing of the agreement on the extension and modification of the exchange agreement between the Turkish lira and the Qatari rial between the Central Bank of the Republic of Turkey and the Central Bank of Qatar.

The Committee welcomed, in its final communiqué, the progress made in mutual investments over the past year and the fact that Qatari investments in Turkey reached the equivalent of 33.2 billion dollars at the end From 2020, the two sides pledged to explore more ways to support the diversification of economic relations and financial coordination between them.

The two sides agreed to increase their cooperation in infrastructure projects in the two countries. Qatar appreciated the role of Turkish companies in the infrastructure development projects in Qatar ahead of the 2022 FIFA World Cup and the development plans under Qatar Vision 2030.

The State of Qatar has proposed the creation of a “Turkish Free Economic Zone” in the areas supervised by the Qatar Free Zones Authority. This offers unique opportunities to combine Turkish industrial innovation with the global competitive advantages of the Qatari economy to enable Turkish investors to access additional markets in India, Asia and Africa.

The two countries renewed their joint commitment to continue and strengthen regional and global efforts to establish international peace and security, combat terrorism and resolve conflicts through peaceful means.

Turkey is one of Qatar’s most important trading partners, and the trade volume between the two countries has seen a remarkable increase from $340 million in 2010 to $2.24 billion in 2019. two parties hope to raise it and raise it to $5 billion. . Turkey is a distinguished investment destination for Qatari investors, as there are many successful Qatari investments including real estate, tourism and others.

The tangible development in the volume of trade between the two countries is mainly due to the close relations and mutual visits, and the existence of numerous trade and investment agreements signed at the level of the public and private sectors, which have facilitated the implementation in place of mutual investments. , and has contributed to increasing the flow of goods and merchandise in both directions, notably with the signing of the trade and economic partnership agreement between the two governments in 2018, and the inauguration of shipping lines between them.

More than 711 Turkish companies are operating in Qatar, including about 664 companies with Qatari and Turkish capital, 47 companies with 100% Turkish capital, 15 Turkish companies in the free zone, in addition to more than 183 Qatari companies operating in Turkey. Qatar also hosts the “Expo Turkey in Qatar” every year with the participation of hundreds of Turkish companies wishing to work in the Qatari market.
The construction sector is one of the areas most targeted by Turkish companies operating in Doha, in addition to the economic, commercial, health, real estate, technological and industrial sectors.

Turkey, which covers just over 783 square kilometers and is inhabited by around 85 million people, is a country with great capabilities in many productive fields, including agriculture, industry and services.

This opens the door wide for increased Doha-Ankara trade and investment expansion as the two countries move towards joint investments in third countries and achieve great integration that benefits everyone.

Turkey’s economy grew by 11% in 2021, the highest among its peers in the Industrial Group of Twenty (G20) and third among Organization for Economic Co-operation and Development (OECD) countries.

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Veterans Participate in Annual Turkey Hunt | News https://otelmoni.com/veterans-participate-in-annual-turkey-hunt-news/ Thu, 12 May 2022 11:00:00 +0000 https://otelmoni.com/veterans-participate-in-annual-turkey-hunt-news/

WAYNE TWP. – Faith and brotherhood were once again at the forefront of an annual turkey hunt for Veterans in Wayne Township.

A total of 13 veterans and volunteers gathered May 1-3 at the Barrett Family Hunting Lodge near Dayton for the second annual Fellowship of Christian Athletes (FCA) Outdoor/Rugged Cross Outdoors (RCO) Turkey Hunt. ).

“It’s a time when we have the chance to share what we have and really surround it with Christ,” hunt organizer Anthony Infante said of the three-day event, which is sponsored by the two Christian outreach ministry organizations as a way to give back to area veterans for their service with a guided turkey hunt, while engaging them in fellowship to strengthen their relationship with Jesus Christ. “That’s really who we all are.”

According to event officials, the veteran turkey hunt was the result of a vision by Infanta to extend the departments’ already existing youth hunts on the same property to other groups of individuals.

“Our organization[s] had wanted to do veteran hunts, but God just hadn’t opened the door,” said Andy Kaminski, executive director of Rugged Cross Outdoors, noting that Infante is involved with both RCO and FCA.

Kaminski said an opportunity presented itself, however, when Infante met U.S. Navy veteran Eric Burkett, who immediately signed on to help bring the veterans’ vision of a turkey hunt to life. ‘last year.

“When Anthony met Eric, it really opened the door for us to host this event,” he said.

Similar to the 2021 event, Infante explained that Burkett joined three other veterans – Tim Rocca, Army; Scott Glassic, Air Force; and Shawn Strobel, Air Force – along with Sims Miess, whose father was Navy SEAL, at the hunting lodge May 1-3 for two mornings of volunteer-guided turkey hunting and an afternoon chukar hunt organized by Eaglerock Setters of Butler.

“Eric contacted some guys he thought would be a good fit for the hunt,” Infante said, noting that none of this year’s veterans except Burkett had ever hunted turkeys before. “Two of them shot their first bird [Monday] Morning.”

One of the first successful hunters was Glassic of Butler who admitted that at first he didn’t quite understand the hype surrounding turkey hunting.

“One of the guys asked me if I was excited to go turkey hunting, and I told him I couldn’t see what it was like to shoot a bird,” said said Glassic. That impression changed on the blind, he said, when he encountered a large turkey that had emerged a few yards from where he was positioned.

“I was shaking and I think I held my breath for about two minutes,” he said with a laugh, remembering the moment he pulled the trigger, shooting the bird. Reflecting on his experience, he said he was now definitely “hooked” on turkey hunting and hopes to share the experience with his son in the future. “It was the most exciting thing I think I’ve done in my life.”

Although the hunt is an enjoyable part of the weekend, Infante said the event centers around evening Bible studies and spiritual messages that encourage the growth of friendships and faith.

“This year, we wanted to be even more intentional with spiritual fellowship for men,” he said, adding that Glassic provided the devotions for the group each night.

Glassic took the opportunity to reflect on her story, highlighting how her faith has influenced her life over the past 25 years.

“If you told me that I was going to do [this ministry] 20 years ago I would have said you were really crazy,” Glassic said, noting that the focus this year was on believing that God is real. “While the guys are sitting in their shades, I wanted to point out to them that they need to look around and watch the woods come alive with the sunrise and really see the hand of God at work.”

Pastor Jamie Kendrew, who volunteered at the event, agreed, stressing that the outdoors is a “place where God shows up”.

“There’s a spiritual, physical and mental aspect to what’s taught here,” Kendrew said, adding that it’s “cool” to see RCO and FCA working together to co-sponsor the hunt. “It’s a blast for me to see people become what God created them to be.”

He said he thinks the valuable part of the ministry is the opportunity it provides veterans to talk to each other and others who have gone through similar experiences.

“Some of these guys don’t get that opportunity often,” he said.

Two volunteers who returned this year to help with the hunt included New Bethlehem business owner and hunting enthusiast Rich Shilling and U.S. Navy veteran Shawn Kotchey, who helped Glassic and Miess catch their first birds on first morning of the hunt.

Kotchey, owner of Millcreek Valley Game Calls, again provided each participating veteran with a personalized turkey call commemorating the event.

“It’s totally awesome,” Kotchey said of the annual hunt. “There are only a few things in life I probably wouldn’t miss, and this veteran hunt is one of them.”

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Coinbase is conjoined to crypto https://otelmoni.com/coinbase-is-conjoined-to-crypto/ Wed, 11 May 2022 19:01:00 +0000 https://otelmoni.com/coinbase-is-conjoined-to-crypto/

Coinbase CEO and co-founder Brian Armstrong speaks during the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson

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NEW YORK, May 11 (Reuters Breakingviews) – Coinbase Global (COIN.O) took a turn as digital collectibles like Bitcoin soared. The excitement meant more customers, rising trading volumes and skyrocketing fees. Last year’s revenue was 14 times that of 2019. Tuesday’s first-quarter results show that everything has now turned, and hard.

Users fell by about a fifth from the previous quarter and revenues fell by more than half. The once-profitable Coinbase posted a loss of $430 million as the company invests in expansion. A new disclosure, that crypto assets held on behalf of clients could be treated as general unsecured creditors in bankruptcy, will not help. CEO Brian Armstrong’s tweet that “your funds are safe with us” may be true, but it’s not something the bosses of financial institutions want to say.

Bitcoin has lost a third of its value this year. TerraUSD, believed to be stable, lost more lira in a matter of days. Coinbase, whose shares have fallen about 20% on the news and about 80% since their debut about a year ago, is the conjoined twin of crypto.

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(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)

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Two-Minute Summary of Recent Developments in Turkish Personal Data Protection Law – April 2022 – Privacy Protection https://otelmoni.com/two-minute-summary-of-recent-developments-in-turkish-personal-data-protection-law-april-2022-privacy-protection/ Wed, 11 May 2022 12:13:37 +0000 https://otelmoni.com/two-minute-summary-of-recent-developments-in-turkish-personal-data-protection-law-april-2022-privacy-protection/

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May 2022 – In April 2022, the Turkish Personal Data Protection Board (“Plank“) issued a landmark decision, issued a public announcement and announced five data breach notifications. In addition, the Constitutional Court of Turkey (“constitutional Court“) issued two judgments on the protection of personal data.

The Council reminds data controllers of the obligation to register with VERBIS

On April 21, the Council made an announcement and reminded data controllers of the obligation to register in the register of data controllers (“VERBIS“). In its announcement, the Council emphasized that the deadline for fulfilling the obligation to register with VERBIS was 31 December 2021, and that the Council has the power to impose administrative sanctions against controllers who have not fulfilled this obligation.As a result, the Council announced that it may impose pecuniary administrative fines ranging from TRY 53,576 to TRY 2,678,866 (approximately EUR 3,404 to EUR 170,161) to controllers who do not comply with the registration obligation.

More steps for authentication and more secure data protection!

Based on several complaints against municipal authorities, the Council issued a key decision assessing systems used by authorities that only require one-step authentication for property tax payment and/or utility services. debt survey provided online.

The Council underlined the importance of organizational and technical measures when processing personal data and assessed the practices of municipal authorities for login processes on their websites. During the login process, the system only requires one-step authentication to access real estate information.

In its decision, the Commission stated that:

  • In the event of remote access to personal data, data controllers must implement a two-step authentication control to ensure data security in accordance with personal data security guidelines.

  • Data controllers can implement identity validation through two-step authentication methods (i.e. after the first step, verification is completed by a system such as an SMS personalized, code or password sent to the user’s e-mail or telephone).

Accordingly, this landmark decision demonstrates the two-step authentication method necessary to ensure data security not only for municipal authorities but for all data controllers who provide online services that include personal data.

Warning: Employee fingerprints capture employers

On April 19, the Constitutional Court concluded a case involving a municipality that wanted to process employees’ biometric data to track employees’ shifts. Accordingly, the Constitutional Court ruled that the processing of fingerprint data to track employees’ shifts without explicit consent or authorization by law violates the right to seek protection of personal data.

Background to the case:

  • The applicant lodged a complaint with the municipality on the grounds that fingerprints are considered personal data allowing the physical identification of an individual and that they must therefore remain within the framework of the intimacy of his private life.

  • The municipality dismissed this objection on the grounds that it had put in place the relevant system of monitoring the working hours of employees to contribute to the public interest.

In conclusion, the Constitutional Court stated that, since fingerprint data is considered sensitive personal data, the municipality can only process such sensitive data if (i) the data subject gives his explicit consent or (ii) such activity of treatment is stipulated by law. However, in this concrete case, it was determined that the applicant had not given his explicit consent to the processing of his fingerprints and that no law stipulates such data processing activity. As a result, the municipality’s data processing activity was deemed illegal.

From the Constitutional Court: “Personal letters from detainees must remain personal.”

On April 7, the Constitutional Court concluded a case on the registration of personal letters of detainees through the official national judicial computer system, which is an online justice system that covers all judicial institutions and other government departments. . In its decision, the Constitutional Court unanimously found that the applicant’s right to privacy and freedom of communication had been violated. For detailed information, please see our article here.

The Council announced the following data breach notifications in April














Data controller Persons concerned Personal data concerned Number of people concerned
Keyubu Internet and Bilisim Hizmetleri Customers Identity, communication, customer transaction, transaction security information N / A
Paketman E-Ticaret Sanayi Ticaret Anonim Sirketi Users Identity, communication, location information 1,362
Magna Ventures Yazilim ve Teknoloji Girisimleri Ticaret Anonim Sirketi Member users Identity, communication information 7,823
Villacim Emlak Turizm Insaat Sanayi ve Ticaret Limited Sirketi Customers Identity, communication information 35,956
Yildizlar Yatirim Holding AS, Yildiz Demir Çelik Sanayi AS, Yildiz Entegre Agaç Sanayi AS v Istanbul Gübre Sanayi AS (IGSAS) N / A N / A N / A

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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