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Russia's Putin fires economy minister over bribery charges

 Russian President Vladimir Putin dismissed Economy Minister Alexei Ulyukayev on November 15 over allegations he extorted a US$2 million bribe from top oil producer Rosneft, a case that could expose fault lines in the Russian leader's inner circle.

Ulyukayev, a 60-year-old technocrat whose ministry oversees a politically-charged sale of state assets, is the highest-ranking Russian official to be detained while in office since the collapse of the Soviet Union in 1991.

His case heralded a possible standoff between Rosneft boss and Putin ally Igor Sechin and those in the government who have resisted Rosneft's ambitions to acquire more state assets at a time when low oil prices and Western sanctions are biting.

 
 

Such infighting risks triggering potentially destabilising clan infighting in the run-up to a presidential election in 2018 when Putin is widely expected to run for a fourth term.

Ulyukayev, who a Moscow court ruled should be put under house arrest for two months until Jan. 15, faces up to 15 years in jail if found guilty.

Wearing a blue suit, Ulyukayev told a Moscow court he did not accept his guilt. It was in his own interests to cooperate with the investigation as he valued his reputation, he said.

 

Reuters

Malaysia launches ASEAN startup platform

Malaysia’s Ministry of Science, Technology and Innovation on June 25 officially launched “Startup ASEAN”,

ASEAN steps up terrorism fight in digital age

The Southeast Asia Regional Centre for Counter‑Terrorism (SEARCCT) under Malaysia's Ministry of Foreign Affairs held an international conference in Kuala Lumpur on June 24

Singapore's core inflation falls in May

Singapore’s core inflation and overall inflation are projected to average between 0.5% and 1.5% this year.

Indonesia concludes FTA talks with Eurasian Economic Union

Indonesia and the Eurasian Economic Union (EAEU) have officially concluded negotiations on a free trade agreement (FTA), aiming to sign the deal later this year,

ASEAN education ministers agree on joint statement on student dropout

The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges"

ASEAN reaffirms commitment to advancing green energy agenda

The 43rd ASEAN Senior Officials Meeting on Energy (SOME), held from June 16–18, marked a significant milestone as member states reached consensus on key strategic agendas

Indonesia to start operating first ocean power plant in 2028

The project is planned to be developed in two phases with each phase of 20 MW in East Nusa Tenggara and West Nusa Tenggara.

ASEAN identified as strategic partner of Argentina

In 2023, trade turnover between Argentina and ASEAN exceeded 9 billion USD, with Argentina

Leaders extend congratulations on Russia Day

General Secretary of the Communist Party of Vietnam Central Committee To Lam and State President Luong Cuong on June 12 cabled their messages of congratulations to Russian President Vladimir Putin on the occasion of Russia Day (June 12, 1990).

Indonesia aims to stop corn imports in 2026

President Prabowo noted that in 2024, the country imported around 500,000 tonnes of corn.

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