Europe Shifts Gold from US, Ukraine Eyes Porn Tax for Drones & IAF Drills Put Pak on Alert
Geeta Mohan examines shifting geopolitical strategies in Statecraft, beginning with European nations relocating gold reserves from North America. The Netherlands has moved 86 tonnes of gold away from the United States and Canada to London and domestic vaults to enhance accessibility during potential crises, reflecting broader European moves to reduce dependence on Washington amid policy divergences. In Ukraine, lawmakers are pushing to legalise and tax the adult entertainment industry, projecting annual revenues of up to 25 million dollars to purchase approximately 30,000 combat drones, while curbing underground corruption. Meanwhile, the Indian Air Force has initiated a massive 17-day combat exercise over Rajasthan near the international border, coinciding with the multinational Tarang Shakti drill, triggering heightened vigilance and emergency meetings across Pakistan's defence establishment. Additionally, US diplomatic envoys held substantive talks with Vladimir Putin in Moscow and Volodymyr Zelensky in Kyiv, while Germany's far-right AfD achieved a major electoral victory in Saxony-Anhalt.
