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Iraq seeks Italian refund for military purchases


ROME: Iraq has asked Italy to return the €90 million ($108.53 million) Saddam Hussein’s regime paid to Italian companies to purchase military equipment that was never delivered because of the 1991 embargo on the sale of arms to Iraq.
Iraqi Foreign Minister Fuad Hussein met his Italian counterpart Luigi Di Maio in Rome on Wednesday and explained the money was paid to Italian aerospace and defense company Leonardo and the Fincantieri shipyard.
“There are 60 million euros frozen in Italian banks, plus interest, and 30 million more in current accounts of the embassy and other employees. It is our right to recover that amount, and we have no intention of giving up on this,” Hussein told press after the meeting. ....

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Russian Espionage Case in Italy: A Setback for Moscow?


Russian Espionage Case in Italy: A Setback for Moscow?
Publication: Eurasia Daily Monitor Volume: 18 Issue: 60
The Russian Embassy in Rome (Source: Guardian)
On the night of March 30, an Italian frigate commander, Walter Biot, was caught red-handed selling documents to Dimitry Ostrukhov, an employee at the Russian embassy in Rome (
Repubblica, March 31). The documents, whose content has not been disclosed, are said to regard North Atlantic Treaty Organization (NATO) telecommunications and logistics. They consist of 181 papers, of which 7 documents are “NATO Secret,” 57 are “NATO Confidential,” 9 are “
riservatissimo” (Italian equivalent of “confidential” in the United States), and 65 are unclassified. Biot exfiltrated these materials from his office computer, photographing and storing them on an SD card provided to him by the Russians. Upon arrest, Biot was found with a suitcase containing 5,000 euros ($5,980), while the SD card was in Ostrukhov ....

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The Covid loan arranger: Lewis La Torre has never been more in demand


It is sometimes seen as the UK s answer to Germany s highly successful KfW, the Kreditanstalt fur Wiederaufbau, which was set up to fund recovery after the war.
The BBB mainly targets its assistance to companies with a turnover of up to £25million and it doesn t lend directly to firms, but works through the banks. The idea is that it expands access to funding to firms that might otherwise slip through the net of the commercial lenders.
Until last year, however, the BBB hovered largely below the radar.
The profile has been raised in the past year because of the response to the Covid crisis, says Lewis La Torre. ....

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