Connectivity

Commerce and trade ministers from the United States, Japan and South Korea pledged on Wednesday (27 June) to work together on strategic issues such as artificial intelligence (AI) security, export controls, clean energy and semiconductor supply chains. "We are redoubling our efforts to work together," said US Commerce Secretary Gina Raimondo at the start of the meeting in Washington. "As leaders in manufacturing, services, technology and innovation, we must work together not only for the benefit of our countries, but for the security of the world," she added. Raimondo was joined by Japan's Minister of Economy, Trade and Industry, Ken Saito, and South Korea's Minister of Trade, Industry and Energy, Ahn Duk-geun, for this inaugural trilateral meeting, which was agreed by their leaders at a summit in Camp David in August.

The Council of the European Union on Monday (24 June) adopted a 14th package of economic and individual restrictive measures against Russia, "dealing a further blow to the Putin regime and those who perpetuate its illegal, unprovoked and unjustified war of aggression against Ukraine". These measures are designed to target high-value sectors of the Russian economy, such as energy, finance and trade, and make it increasingly difficult to evade EU sanctions.