The Jim Bakker Show

Russia, China, others boycott U.S. meeting at U.N. on Venezuela

By Michelle Nichols

UNITED NATIONS (Reuters) – Russia, China, Egypt and Bolivia boycotted an informal public United Nations Security Council meeting on Venezuela on Monday organized by the United States, saying the 15-member body should not be involved in the situation.

“The issue is about meddling with the internal domestic affairs of Venezuela,” Russian U.N. Ambassador Vassily Nebenzia told reporters, adding that he hoped the country could settle its issues peacefully without any external interference.

U.S. Ambassador to the United Nations Nikki Haley told the meeting: “The fact that the (Venezuelan) government would go so far as to try and get people not to show up to a meeting is guilt. And that’s unfortunate.”

Venezuela is suffering from a harsh economic crisis and President Nicolas Maduro’s government has clamped down on the opposition, jailing or otherwise barring from office many dissenting leaders and activists.

Dozens of people have died in violence since the opposition began a sustained wave of protests in April. Met by rubber bullets, water cannon and tear gas fired by the National Guard, the protesters say the crisis demands an early presidential election that they are sure Maduro would lose.

His popularity has been pounded lower by triple-digit inflation and acute food and medicine shortages.

“We received pressure from regional partners not to have this meeting,” Haley said. “This goal is not to degrade anyone. This is not to humiliate a region. This is only to lift up the region.”

Uruguay’s Deputy U.N. Ambassador Luis Bermudez attended the U.N. meeting, but said his country did not believe the situation in Venezuela was a threat to international peace and security.

Venezuela’s U.N. Ambassador Rafael Dario Ramirez spoke to reporters as the meeting was being held, flanked by Nebenzia, Chinese Deputy U.N. Ambassador Wu Haitao and Bolivian U.N. Ambassador Sacha Sergio Llorentty Soliz.

“The meeting is a hostile and clearly interfering act of the United States that undermines the principle of sovereignty of a member state of the U.N.,” Ramirez said. “We condemn this act of political manipulation.”

European Union foreign ministers approved economic sanctions, including an arms embargo, on Venezuela on Monday, saying regional elections last month marred by reported irregularities had deepened the country’s crisis.

The United States has also imposed targeted sanctions on top Venezuelan officials.

The U.N. Security Council also met behind closed doors in May, at Washington’s request, to discuss the crisis in Venezuela.

(Reporting by Michelle Nichols; Editing by James Dalgleish)

U.S. would welcome new EU sanctions on Iran: official

By Gabriela Baczynska

BRUSSELS (Reuters) – Any move by the European Union to impose new sanctions on Iran over its ballistic missile program and alleged involvement in Middle East conflicts would be “interesting and helpful”, a U.S. administration official said on Tuesday.

U.S. President Donald Trump, who has taken a more hawkish line on Iran than predecessor Barack Obama, has said Tehran’s missile program should be curbed and wants to punish Tehran over its role in Yemen and Syria.

Trump has also dealt a blow to an international 2015 deal on Iran’s nuclear program by disavowing Iran’s compliance with its terms. The U.S. Congress now has until mid-December to decide whether to reimpose economic sanctions on Iran that had been lifted in exchange for it limiting its nuclear activity.

But the EU, which normally coordinates closely with Washington on international sanctions, has been lobbying hard to preserve the nuclear accord, saying it should be kept separate from missile and regional security matters.

Last week, French President Emmanuel Macron mooted the possibility of fresh sanctions, saying he was “very concerned” about Iran’s missile program following the firing of a missile from Yemen into Saudi Arabia.

“It would certainly be a very interesting and probably helpful move on the part of the EU,” the U.S. administration official told reporters in Brussels when asked if Washington wanted the EU to pursue fresh restrictions on Iran.

The missile fired into Saudi Arabia from Yemen on Nov. 4 was intercepted near Riyadh airport and there were no casualties. Saudi Arabia, which intervened against Iran-backed Houthi rebels in Yemen’s war in 2015, accuses the Islamic Republic of supplying missiles and other weaponry to the Houthis.

Tehran denies this and it also rejected Macron’s remarks, saying its missile program was solely defensive and not linked to the nuclear pact, which European powers, Russia and China – the other parties to the 2015 deal – say is vital to containing Middle East tensions.

EU WARY OF NEW SANCTIONS ON IRAN

And there is no consensus in the EU, where imposing any sanctions requires the unanimity of all 28 member states, on any new punitive measures, a fact made clear by the bloc’s top diplomat after chairing foreign minister talks on Monday.

“We didn’t discuss, not today, not last week (and) I don’t foresee any discussion also in the future, further sanctions from the EU side on Iran,” EU foreign policy chief Federica Mogherini told reporters when asked about Macron’s comments.

“Ballistic missiles are not in the scope of the (nuclear deal),” she said. “This is a discussion and a proposal that was never raised at our table in these recent months and I don’t foresee this happening in the near future.”

Iran and Saudi Arabia are locked in a struggle for Middle East predominance. Their rivalry flared again earlier this month with the resignation of Saudi-backed Lebanese Prime Minister Saad al-Hariri, who blamed an alleged assassination plot against him and accused Tehran and its heavily armed Lebanese ally Hezbollah of sowing conflict in the Arab world.

The U.S. administration official declined to say what the Congress might do in the wake of Trump’s action but said any new U.S. sanctions would be targeted narrowly at people and entities involved directly in the areas of concern.

“We should expect to see a continued use of the U.S. sanctions tool in the areas such as proliferation of weapons of mass destruction, support for terrorist organizations and the deterioration of human rights inside Iran.”

The U.S. official also said the West should keep up pressure on Russia as long as it does not reverse its 2015 annexation of Crimea from Ukraine or implement its side of a peace deal for Ukraine’s east, gripped by a Moscow-backed insurgency.

The EU’s own economic sanctions on Moscow, which restrict business with the Russian energy, defense and financial sectors, are currently in place until the end of January 2018.

(Reporting by Gabriela Baczynska; Editing by Mark Heinrich)

New Jersey man sentenced for role in Russian uranium bribe scheme

WASHINGTON (Reuters) – A New Jersey man was sentenced on Monday to a year and a day in prison for conspiracy to commit money laundering in connection with his role in arranging bribes for the awarding of contracts with Russia’s state-owned nuclear energy corporation, the U.S. Justice Department said.

Boris Rubizhevsky, 67, of Closter, New Jersey, was sentenced to prison along with three years of supervised release and a $26,500 fine by U.S. District Judge Theodore Chuang for the District of Maryland, the department said in a statement.

Rubizhevsky pleaded guilty to the money-laundering conspiracy charge in June 2015. He was accused of acting as an intermediary in connection with bribes to co-conspirator Vadim Mikerin, a former nuclear official of Russia’s state-run enterprise Rosatom, the statement said.

Mikerin, former president of a U.S.-based Rosatom subsidiary, pleaded guilty in 2015 to helping orchestrate more than $2 million in bribe payments through secret accounts in Cyprus, Latvia and Switzerland.

Between October 2011 and February 2013, Rubizhevsky and Mikerin agreed to conceal bribes paid from the United States to overseas bank accounts, including a payment to an account in Latvia, the statement said.

Mikerin was sentenced in December 2015 to 48 months in prison for his role in the money-laundering scheme.

Authorities have said those payments went to Russian nuclear energy officials in exchange for contracts to U.S. companies involved in the shipment of uranium from Russia. Attorneys for Rosatom have said Mikerin acted alone.

Mikerin oversaw the shipment of uranium from Russia for use in American power plants. Much of that material was drawn from decommissioned Russian weapons under an agreement with Washington known as the “Megatons to Megawatts” program, which converted the uranium from thousands of nuclear warheads for civilian use in U.S. nuclear power plants.

At one point, the arrangement fueled 10 percent of U.S. electricity, according to the U.S. Department of Energy.

Daren Condrey, the former owner of Transport Logistics International, pleaded guilty in 2015 to conspiring to make bribe payments to Mikerin in exchange for uranium shipping contracts. The Foreign Corrupt Practices Act makes it a crime to bribe overseas officials to win business.

Mikerin’s arrest followed a seven-year investigation that began as a U.S. intelligence probe into Russian nuclear officials, according to court records and people familiar with the matter.

(Reporting by Eric Walsh; Additional reporting by Joel Schectman; Editing by Peter Cooney and Lisa Shumaker)

Erdogan swipes at Russia, U.S. missions in Syria

ANKARA/SOCHI (Reuters) – Turkish President Tayyip Erdogan took swipes at U.S. and Russian interventions in Syria on Monday and said if countries truly believed a military solution was impossible, they should withdraw their troops.

Russian President Vladimir Putin and his U.S. counterpart Donald Trump said in a joint statement on Saturday they would continue to fight against Islamic State in Syria, while agreeing that there was no military solution to the country’s wider, six-year-old conflict.

“I am having trouble understanding these comments,” Erdogan told reporters before flying to Russia for talks with Putin. “If a military solution is out of the question, then those who say this should pull their troops out.

“Then a political method should be sought in Syria, ways to head into elections should be examined… We will discuss these with Putin,” he said.

After more than four hours of talks with Putin in the southern Russian resort of Sochi, Erdogan said the two leaders had agreed to focus on a political solution to the conflict.

“We agreed that the grounds to focus on a political solution (in Syria) have been formed,” he said.

Putin said Russia would continue to work on Syria with Turkey and their efforts were yielding results: “The level of violence has definitely been reduced, favorable conditions are being created for the progression of a inter-Syrian dialogue.”

Neither leader went into more specific detail. Asked if the two discussed Erdogan’s earlier comments, Kremlin spokesman Dmitry Peskov said the talks were about more complex issues which could not be made public, according to RIA news agency.

Turkey has been annoyed by both Russian and U.S. missions in Syria. Before his trip to Russia, Erdogan said both Moscow, which backs President Bashar al-Assad, and Washington, which armed Syrian YPG Kurdish forces Ankara sees as allied to separatists fighting in southeastern Turkey, had set up bases.

“The United States said it would completely leave Iraq, but it didn’t. The world is not stupid, some realities are being told differently and practiced differently,” he said.

He said the United States had 13 bases in Syria and Russia had five. The YPG has said Washington has established seven military bases in areas of northern Syria. The U.S.-led coalition says it does not discuss the location of its forces.

Russia has been a strong supporter of Assad, whose removal Erdogan has demanded, and Moscow’s military intervention two years ago helped turn the conflict in the Syrian president’s favor.

Turkish troops have also fought in Syria to halt the advance of Kurdish YPG forces along its frontier.

“We attach great importance to the joint steps Turkey and Russia will take on (the) defense industry,” Erdogan said.

His remarks follow Turkey’s recently completed purchase of Russian S-400 surface-to-air missile systems, a defense deal that Turkey’s Western allies see as a snub to the NATO alliance.

The weapon cannot be integrated into NATO defenses.

Ankara says it is making agreements with the Franco-Italian EUROSAM consortium to develop, produce and use its own sources for air defense system.

(Reporting by Tuvan Gumrukcu and Ece Toksabay in ANKARA, Olesya Astakhova in SOCHI and Ezgi Erkoyun in Istanbul; Writing by Dominic Evans and Jack Stubbs; Editing by Ralph Boulton and Peter Graff, William Maclean)

Papua New Guinea threatens to forcibly remove asylum seekers

Workers dismantle structures in Lombrum detention camp on Manus island, Papua New Guinea, November 13, 2017. Behrouz

By Colin Packham

SYDNEY (Reuters) – Papua New Guinea Immigration Minister Petrus Thomas said authorities would take steps on Monday to forcibly remove around 450 men who remain in an abandoned Australian detention center without food or running water.

Hundreds of men have barricaded themselves into the Manus Island center for more than 13 days without regular food or water supplies, defying attempts by Australia and Papua New Guinea to close the facility, saying they fear for their safety if removed to transit centers.

“We will be taking steps with relevant authorities to move the residents based on serious exposure to health risk for the food of everyone that is remaining,” Thomas said in a statement issued late on Sunday.

As of 5.00 p.m. (0700 GMT) Monday, no moves had been made by the government to remove the men, several asylum seekers inside the center told Reuters via email.

One of the asylum seekers barricaded inside the center said on Monday that water supplies have been destroyed after Papua New Guinea workers entered the site and drained rainwater collected in tanks and garbage bins.

“Immigration came and bored holes in the water tanks where we had been collecting rain water,” he said, asking to remain anonymous for fear of reprisals from Papua New Guinea authorities. “They also demolished the well we built.”

Running water and electricity to the center were disconnected two weeks ago after Australian security withdrew and the camp closed on Oct. 31. The center had been declared illegal by a Papua New Guinea Court.

The United Nations has warned of a “looming humanitarian crisis” among the asylum seekers, who are drawn largely from Afghanistan, Iran, Myanmar, Pakistan, Sri Lanka and Syria.

Australia has used the center, and a camp on the tiny Pacific island of Nauru, to detain asylum seekers who try to reach its shores by boat. It says boat arrivals will never enter Australia, even if found to be refugees, as that would encourage people smugglers in Asia.

Under a refugee swap deal, the United States has agreed to accept potentially up to 1,250 asylum seekers from Manus and Nauru, in return for Australia taking refugees from Central America. The United States has so far only accepted 54 refugees.

New Zealand has offered to resettle 150 asylum seekers, but Australia has rejected the offer.

(Reporting by Colin Packham; Editing by Jane Wardell, Peter Cooney and Michael Perry)

Trump meets Japan, Australia leaders over trade, North Korea threat

U.S. President Donald Trump holds a trilateral meeting with Japan's Prime Minister Shinzo Abe and Australia's Prime Minister Malcolm Turnbull alongside the ASEAN Summit in Manila, Philippines November 13, 2017.

MANILA (Reuters) – U.S. President Donald Trump raised North Korea’s missile tests during talks on Monday with the prime ministers of Japan and Australia, and said “a lot” of progress had been made in negotiations on trade.

On the sidelines of a summit of East and Southeast Asian leaders in Manila, Trump met with Japan’s Shinzo Abe and Australia’s Malcolm Turnbull, and said discussions at the meeting would include tensions on the Korean Peninsula and trade.

In brief remarks prior to news media being ushered out of the meeting, Turnbull said North Korea’s “recklessness” needed to be stopped, while Abe said the most immediate challenge was to ensure regional peace and stability.

Following the meeting, the White House said “the three leaders reaffirmed their commitment to maintaining maximum pressure on North Korea in the effort to denuclearize the Korean Peninsula.”

“They also discussed expanded security cooperation for enhanced deterrence and defense against North Korean aggression,” the White House said in a statement.

The three men also discussed the need for “free and open” trade in the Indo-Pacific region and “the need to pursue fair and reciprocal trade,” the White House added.

Trump, who campaigned heavily on U.S. trade issues, made pulling out of the Trans-Pacific Partnership (TPP) Asian trade deal one of his first acts in office. His administration has instead pledged to reach bilateral pacts with individual nations.

Countries remaining in the pact have said the deal is advancing without the United States.

(Reporting by Steve Holland; Writing by Martin Petty and Susan HeaveyEditing by Raju Gopalakrishnan and Jonathan Oatis)

Israel signals free hand in Syria as U.S., Russia expand truce

Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at his office in Jerusalem November 12, 2017.

By Dan Williams

JERUSALEM (Reuters) – Israel signaled on Sunday that it would keep up military strikes across its frontier with Syria to prevent any encroachment by Iranian-allied forces, even as the United States and Russia try to build up a ceasefire in the area.

U.S. President Donald Trump and Russian President Vladimir Putin on Saturday affirmed joint efforts to stabilize Syria as its civil war wanes, including with the expansion of a July 7 truce in the southwestern triangle bordering Israel and Jordan.

A U.S. State Department official said Russia had agreed “to work with the Syrian regime to remove Iranian-backed forces a defined distance” from the Golan Heights frontier with Israel, which captured the plateau in the 1967 Middle East war.

The move, according to one Israeli official briefed on the arrangement, is meant to keep rival factions inside Syria away from each other, but it would effectively keep Iranian-linked forces at various distances from the Israel-held Golan as well.

Those distances would range from as little as 5-7 kms and up to around 30 kms, depending on current rebel positions on the Syrian Golan, the official said, speaking on condition of anonymity due to the sensitivity of the issue.

Moscow did not immediately provide details on the deal.

Israel has been lobbying both big powers to deny Iran, Lebanon’s Hezbollah and other Shi’ite militias any permanent bases in Syria, and to keep them away from the Golan, as they gain ground while helping Damascus beat back Sunni-led rebels.

In televised remarks opening Israel’s weekly cabinet meeting on Sunday, Prime Minister Benjamin Netanyahu did not speak about the new U.S.-Russian arrangement for Syria.

His regional cooperation minister, Tzachi Hanegbi, sounded circumspect about the deal, telling reporters that it “does not meet Israel’s unequivocal demand the there will not be developments that bring the forces of Hezbollah or Iran to the Israel-Syria border in the north”.

“RED LINES”

“There’s reflection here of the understanding that Israel has set red lines, and will stand firm on this,” Hanegbi said.

That was an allusion to Israeli military strikes in Syria, carried out against suspected Hezbollah or Iranian arms depots or in retaliation for attacks from the Syrian-held Golan.

In the latest incident, the Israeli military said it shot down a spy drone on Saturday as it overflew the Golan. Israeli Defense Minister Avigdor Lieberman blamed the drone on the Syrian government. Damascus did not immediately respond.

Repeating Israel’s warnings to Iran and Hezbollah, Lieberman said: “We will not allow the Shi’ite axis to establish Syria as its forefront base”.

Russia, which has a long-term military garrison in Syria, has said it wants foreign forces to quit the country eventually.

The U.S. State Department official, who briefed reporters on condition of anonymity on Saturday, said that goal could be served by Russia’s pledge to remove Iranian-linked fighters from the truce zone in southwestern Syria.

“If this works, this is an auspicious signal, would be an auspicious signal, that our policy objective – the objective that I think so many of us share, of getting these guys out of Syria ultimately – that there’s a path in that direction,” the official said.

(Writing by Dan Williams; Editing by Richard Balmforth)

Trans-Pacific trade deal advances without United States

By Kiyoshi Takenaka and Mai Nguyen

DANANG, Vietnam (Reuters) – Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival.

Taking the agreement forward is a boost for the principle of multilateral trade pacts after U.S. President Donald Trump ditched the TPP early this year in favor of an “America First” policy he believes would save U.S. jobs.

Talks – often heated – have been held on the sidelines of an Asia-Pacific Economic Cooperation (APEC) summit in the Vietnamese resort of Danang, where Trump and other leaders held their main meeting on Saturday.

“We have overcome the hardest part,” Vietnam’s trade minister, Tran Tuan Anh, told a news conference.

The agreement, which still needs to be finalised, would now be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), he said.

Japanese Economy Minister Toshimitsu Motegi said he hoped that moving ahead with the deal would be a step towards bringing back the United States.

Partly to counter China’s growing dominance in Asia, Japan had been lobbying hard for the TPP pact, which aims to eliminate tariffs on industrial and farm products across the 11-nation bloc whose trade totaled $356 billion last year.

Some 20 provisions of the original agreement were suspended. Those included some related to protecting labor rights and the environment, although most were related to intellectual property – one of the main sticking points after the U.S. withdrawal.

“The overall impact on most firms is quite modest,” said Deborah Elms of the Asian Trade Center think-tank, adding that the new version was “essentially identical to the original document”.

DOUBTS

Any kind of deal looked doubtful on Friday, when a summit of TPP leaders was called off after Canadian Prime Minister Justin Trudeau did not attend. Canada’s trade minister later blamed Trudeau’s absence on “a misunderstanding about the schedule”.

Canada, which has the second-biggest economy among remaining TPP countries after Japan, had said it wanted to ensure an agreement that would protect jobs.

Canada’s position has been further complicated by the fact that it is simultaneously renegotiating the North American Free Trade Agreement (NAFTA) with the Trump administration.

Speaking to reporters on Saturday, Trudeau said though Canada was pleased with the progress made on TPP, there was “still more important work to be done.”

Trudeau said Canada will always be “extremely closely linked to the American economy” but there was a need to diversify trade through other deals.

NAFTA talks with the United States were not affecting Canada’s stance on TPP negotiations, he said.

In a speech in Danang, Trump sent out a strong message that he was only interested in bilateral deals in Asia that would not disadvantage the United States.

Chinese President Xi Jinping used the same forum to stress multilateralism and said globalisation was an irreversible trend.

China had noted that the 11 TPP countries had made some progress on the deal, but it “hasn’t paid too much attention” because it is focused on APEC work during the meeting, Zhang Jun, Director General of the Department of International Economic Affairs of China’s Foreign Ministry, told reporters.

He said all trade arrangements in the region should promote openness and inclusiveness, with no “exclusive clubs”.

Zhang said the Beijing-backed Regional Comprehensive Economic Partnership (RCEP) trade pact will not be impacted by TPP, to which China is not party. The two trade deals are not mutually exclusive, and some countries would be members of both.

‘RAPID, COMPLEX CHANGES’

The APEC leaders met in closed sessions on Saturday, pausing for the traditional “family photograph”, taken above the South China Sea.

At the start of the meeting, Vietnamese President Tran Dai Quang noted APEC’s success in removing barriers to trade – as well as the new uncertainty in the world.

“We have witnessed changes more rapid and complex than we expect,” he said in opening remarks.

APEC trade and foreign ministers released a joint statement on Saturday, three days later than planned because of wrangling over customary language the United States wanted to change.

The statement still refers to free and open trade, but it also refers to fair trade and to members “improving adherence to rules agreed upon”.

A reference to strengthening the multilateral trading system was dropped. The ministers also said they would work to improve the functioning of the World Trade Organization – which Trump criticized in Friday’s speech.

Later, leaders of the 21 APEC economies agreed to address “unfair trade practices” and called for the removal of “market distorting subsidies,” in contrast to communiques they have issued in the past.

(Additional reporting by Michael Martina and A. Ananthalakshmi in DANANG, David Ljunggren in OTTAWA; Writing by Matthew Tostevin; Editing by Stephen Coates and Ros Russell)

Putin and Trump talk Syria, election meddling at brief meeting

By Denis Pinchuk and Steve Holland

DANANG, Vietnam (Reuters) – U.S. President Donald Trump and Russian President Vladimir Putin agreed a statement on Syria during a brief meeting at a summit in Vietnam on Saturday and Putin again dismissed allegations of meddling in last year’s U.S. election.

It was their first encounter since July and came at a time that U.S.-Russia relations have been battered and Trump is haunted by the accusations that Putin influenced the election that brought him to the White House.

Trump said their agreement to support a political solution to Syria’s conflict would save “tremendous numbers of lives”.

“We did it very quickly,” Trump told reporters aboard Air Force One after leaving the Asia-Pacific Economic Cooperation (APEC) summit in the resort of Danang for Hanoi, Vietnam’s capital. “We seem to have a very good feeling for each other, a good relationship considering we don’t know each other well.”

Talking after their meeting, Putin described Trump as “a well-mannered person and comfortable to deal with”.

“We know each other little, but the U.S. president is highly civil in his behavior, friendly. We have a normal dialogue but unfortunately little time,” he said.

After emphasizing last year on the campaign trail that it would be nice if the United States and Russia could work together on world problems, Trump has had limited contact with Putin since taking office.

The sight of Trump sitting down with Putin in public also revives the issue of election meddling – still under investigation. Trump’s former campaign manager, Paul Manafort, has been indicted in the probe along with his former deputy, Rick Gates.

Trump said Putin had told him again that he hadn’t meddled in the election.

“I really believe that when he tells me that, he means it,” Trump said of the accusations. “I think he’s very insulted by it, which is not a good thing for our country.”

Putin dismissed suggestions Russia influenced the elections through political advertising. Tech companies, including Facebook, have said some Russian-bought political content spread on their platforms around the time of the election.

“There is no confirmation of our mass media meddling in election campaigns – and there can’t be any,” Putin said.

NO SIT-DOWN

Scheduling and unspecified protocol issues were to blame for the fact that a mooted sit-down meeting with Trump did not happen in Danang, Putin said.

Trump said they had two or three very short conversations.

They were seen chatting amicably as they walked to the position where the traditional APEC summit photo was being taken at a viewpoint looking over the South China Sea.

Pictures from the APEC meeting also showed Trump walking up to Putin at the summit table and patting him on the back. They also shook hands at the summit dinner on Friday evening.

It would be a great thing to have a good relationship with Russia, Trump said.

“He could really help us in North Korea,” Trump said. “If Russia helped us in addition to China that problem would go away a lot faster.”

The Kremlin said the statement on Syria was coordinated by Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Rex Tillerson especially for the meeting in Danang.

With Islamic State having suffered losses in Syria and beyond, greater attention is turning to the broader conflict between President Bashar al-Assad’s forces and rebel factions.

They confirmed their commitment to Syria’s sovereignty, independence and territorial integrity and called on all parties to the Syrian conflict to take an active part in the Geneva political process, it said.

(Additional reporting by Steve Holland in DANANG and Maria Kiselyova in MOSCOW; Writing by Matthew Tostevin; Editing by Stephen Coates/Ros Russell/Louise Heavens)

Dollar weakened by worries over delay to hoped-for cut in U.S. company taxes

By Saqib Iqbal Ahmed

NEW YORK (Reuters) – The dollar slipped against a basket of currencies on Friday and was set for its biggest weekly drop in a month as investor disappointment that implementation of part of a planned big U.S. tax overhaul may be delayed until 2019 put a brake on the currency’s recent rally.

The dollar index <.DXY>, which tracks the greenback against six major currencies, was down 0.08 percent at 94.37. For the week, the index was down 0.6 percent, on pace for its worst performance since the week ending Oct. 13.

The greenback has also lost 0.5 percent against the Japanese yen this week.

U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives’ version on several fronts, including deductions for state and local taxes, and the estate tax.

Complicating a Republican push for the tax revamp, senators said that, like the House, they wanted to slash the corporate tax rate to 20 percent from 35 percent, but in 2019 rather than right away.

“It just highlights the challenge in reconciling the two (plans),” said currency strategist Erik Nelson of Wells Fargo Securities in New York.

The House was set to vote on its measure next week after its tax-writing Ways and Means Committee approved the legislation on Thursday along party lines, with Democrats united in opposition.

The Senate’s timetable was less clear, with a formal bill yet to be drafted in that chamber, where Republicans have a much smaller majority and a narrower path to winning approval for any legislation, let alone one as contentious as a tax package.

“I think the markets are becoming concerned that this is not a serious piece of legislation and that there really is no political support necessary to pass it,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.

The dollar index gained about 3 percent from mid-September through the end of last week, boosted by hopes of tax cuts.

“This week was a bit of a reality check for currency markets,” Wells Fargo’s Nelson said.

Sterling closed the week on firmer ground, climbing around half a percent against the dollar on Friday as better-than-expected data on British industry and rising confidence in the progress of Brexit talks supported the currency.

The pound was up 0.37 percent at $1.3197.

(Reporting by Saqib Iqbal Ahmed; Editing by Lisa Von Ahn and Frances Kerry)

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