Headlines
Russia condemns U.S. strike on alleged drug vessel near Venezuela
Published by Global Banking and Finance Review
Posted on October 5, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 5, 2025
1 min readLast updated: January 21, 2026
Russia's Foreign Minister criticizes the U.S. for a strike on a vessel near Venezuela, alleging drug smuggling. The incident raises regional stability concerns.
MOSCOW (Reuters) -Russia's Foreign Minister Sergei Lavrov on Sunday criticised the U.S. strike on a vessel allegedly carrying illegal drugs off the coast of Venezuela.
He said in a phone call with his Venezuelan counterpart Yvan Gil that Moscow strongly condemned the strike.
"The ministers expressed serious concern over Washington's escalating actions in the Caribbean Sea, which could have far-reaching consequences for the region," Russian foreign ministry said in a statement.
Four people were killed in the October 3 strike on the vessel which Washington accused of transporting "substantial amounts of narcotics - headed to America to poison our people."
(Reporting by Reuters, Editing by Louise Heavens)
Foreign currency refers to money that is not the official currency of a given country. It is used in international transactions and can be exchanged for the local currency at varying rates.
Financial stability is a condition where the financial system operates effectively, with institutions able to manage risks and absorb shocks without causing significant disruptions to the economy.
Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. This includes financial, operational, and strategic risks.
A financial crisis is a situation where the value of financial institutions or assets drops rapidly, leading to a loss of confidence in the economy. It can result in bank failures and economic downturns.
Insurance is a financial product that provides protection against financial loss or risk. It involves a contract where an individual pays premiums in exchange for coverage against specific risks.
Explore more articles in the Headlines category
