Japan Current Affairs - 2020

US to End Sanctions Waivers to India

Reports suggest that the US could terminate the sanctions waivers it granted to some importers of Iranian oil after it re-imposed sanctions on Iran last year.

Ending of Sanction Waiver

  • Reports indicate that the US has already communicated to seven countries viz. Japan, South Korea, Turkey, Italy, Greece, China and India- that they will no longer be exempt from US sanctions if they continue to import oil from Iran after their waivers end on May 2.
  • The ending of sanction waiver is part of the US strategy to exert maximum pressure and isolate Iran.
  • The US has stated it wants to deprive the outlaw regime of the funds that it has used to destabilise the Middle East for decades and incentivise Iran to behave like a normal country.

The news of the ending of sanctions waiver exerted upward pressure on global prices of crude. Further. US has stated that the US along with Saudi Arabia and UAE have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market.

Nepal’s First Ever Satellite Launched into Space

Nepal’s first satellite NepaliSat-1 was launched into space from the Virginia-based station of the National Aeronautics and Space Administration (NASA) in the US.

NepaliSat-1

  • NepaliSat-1 will start rotating around the Earths orbit to collect information about the country’s topography and Earths magnetic field.
  • The satellite also bears the Nepal flag and logo of  Nepal Academy of Science and Technology (NAST).
  • The satellite is equipped with a 5MP camera to capture Nepal’s topography and a magnetometer to collect data related to the Earth’s magnetic field.
  • The images and data will be sent by satellite to the ground station at NAST.
  • The satellite was developed by two Nepalis Abhas Maskey and Hariram Shrestha at Japan’s Kyushu Institute of Technology.

Along with NepaliSat-1, Sri Lanka’s first satellite, Raavana 1was also launched into space. Raavana 1 marked the entry of Sri Lanka into space.