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Search resuls for: "Gal Luft"


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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/indictment-of-potential-witness-gal-luft-clouds-gop-biden-investigations-8a8560c7
Persons: Dow Jones Organizations: gop, biden
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gal-luft-indictment-china-hunter-biden-investigation-8a8560c7
Persons: Dow Jones, biden
Gal Luft claims he has proof of Hunter Biden profiting off his family name in deals with China. Luft himself has been charged by the DOJ with false statements and being a foreign agent of China. After months of secrecy surrounding the charges against Luft, the indictment has been unsealed. Prosecutors allege Luft created a written "dialogue" between Woolsey and an associate at CEFC China Energy, a state-run energy company, which was then published in a Chinese newspaper online. Christopher Clark, a lawyer for Hunter Biden, did not immediately respond to Insider's request for comment.
Persons: Gal Luft, Hunter Biden, Luft, Hunter, , Trump, James Woolsey, Donald Trump's, Woolsey, LUFT, Biden, Biden's, Joe Biden's, Joe Biden, Christopher Clark, I'm Organizations: Service, DOJ, US, Monday, Foreign, Office, of, Luft Prosecutors, Global Security, New York Post, Central Intelligence Agency, Prosecutors, CEFC China Energy, United Arab, NY, China Energy, FBI, Biden, Washington Post, NY Post Locations: China, Wall, Silicon, Chinese, Cyprus, FARA, Southern, of New York, Libya, United Arab Emirates, Brussels, Belgium,
NEW YORK, July 10 (Reuters) - The leader of a U.S. think tank has been charged with acting as an unregistered agent of China, as well as seeking to broker the sale of weapons and Iranian oil, federal prosecutors in Manhattan said on Monday. Luft is accused of pushing the adviser to support policies favorable to China, including by drafting comments in the adviser's name published in a Chinese newspaper. Luft is co-director of the Institute for the Analysis of Global Security, which describes itself as a Washington, D.C.-based think tank focused on energy, security and economic trends. The think tank did not immediately respond to a request for comment. Reporting by Luc Cohen in New York; Editing by Stephen Coates and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Gal Luft, Donald Trump, Luft, I've, Prosecutors, Luc Cohen, Stephen Coates, Bill Berkrot Organizations: YORK, Prosecutors, U.S, Reuters, Institute, Global Security, D.C, United Arab, Thomson Locations: U.S, China, Manhattan, United States, Israel, Cyprus, Washington, Libya, United Arab Emirates, Kenya, New York
On Friday, China's President Xi Jinping pushed for the settlement of energy trades in the yuan. At a summit with Arab leaders, Xi said China would continue importing large amounts of oil. Settling more trade in the yuan could weaken the US dollar's global dominance in the long run. Most of the world's trade is now denominated in the US dollar. "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDe-dollarization is already happening between China and Saudi Arabia, says think tankGal Luft of the Institute for the Analysis of Global Security says "there's no reason why two countries that already have vast exposure to the U.S. dollar should maintain their trade in a third party currency."
China is willing to import more oil from Saudi Arabia, President Xi Jinping said Friday. That could spur "de-dollarization", if Saudi Arabia agrees to accept yuan payments. He also agreed to step up coordination with Saudi Arabia on energy policy in his meeting with Crown Prince Mohammed bin Salman. "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia," Luft said. The western sanctions against Russia have led to a cooldown in the relationship between the US and both China and Saudi Arabia.
Saudi Arabia is China’s largest trading partner in the Middle East and the top global supplier of crude oil. Saudi Arabian Foreign Ministry/Anadolu Agency/Getty ImagesEnergy is coreLast year, bilateral trade between Saudi Arabia and China hit $87.3 billion, up 30% from 2020, according to Chinese customs figures. China’s crude imports from Saudi Arabia stood at $43.9 billion in 2021, accounting for 77% of its total goods imports from the kingdom. Beyond security of supply, Saudi Arabia could offer Beijing another prize with bigger geopolitical ramifications. Eurasia Group’s Kamal believes it’s “highly unlikely” that Saudi Arabia would take such a step, unless there is an implosion on the US-Saudi relationship.
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