Greenland Independence Is Possible but Joining the US Unlikely, Denmark Says

The Greenlandic (L) and Danish flags are pictured at the Ministry of Finance in Copenhagen on January 8, 2025. (AFP)
The Greenlandic (L) and Danish flags are pictured at the Ministry of Finance in Copenhagen on January 8, 2025. (AFP)
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Greenland Independence Is Possible but Joining the US Unlikely, Denmark Says

The Greenlandic (L) and Danish flags are pictured at the Ministry of Finance in Copenhagen on January 8, 2025. (AFP)
The Greenlandic (L) and Danish flags are pictured at the Ministry of Finance in Copenhagen on January 8, 2025. (AFP)

Greenland may become independent if its residents want, but is unlikely to become a US state, Denmark's foreign minister said on Wednesday after US President-elect Donald Trump refused to rule out force to take control of the Arctic island.

Greenland's leader held talks on Wednesday with the Danish king in Copenhagen, a day after Trump's remarks thrust the fate of the mineral-rich and strategically important island, which is under Danish rule, to the top of world headlines.

Trump, who takes office on Jan. 20, said on Tuesday he would not rule out using military or economic action to make Greenland part of the United States. The same day, Trump's eldest son, Donald Trump Jr., made a private visit to Greenland.

Greenland, part of NATO through the membership of Denmark, has strategic significance for the US military and for its ballistic missile early-warning system since the shortest route from Europe to North America runs via the Arctic island.

The president-elect has indicated he would pursue a more combative foreign policy that disregards traditional diplomatic formalities.

Greenland, the world's biggest island, has been part of Denmark for 600 years although its 57,000 people now govern their own domestic affairs. The island's government led by Prime Minister Mute Egede aims for eventual independence.

"We fully recognize that Greenland has its own ambitions. If they materialize, Greenland will become independent, though hardly with an ambition to become a federal state in the United States," Danish foreign minister Lars Lokke Rasmussen said.

He told reporters the United States' heightened security concerns in the Arctic were legitimate following increased Russian and Chinese activity in the region.

"I don't think that we're in a foreign policy crisis," he said. "We are open to a dialogue with the Americans on how we can possibly cooperate even more closely than we do to ensure that the American ambitions are fulfilled."

Still, although Denmark itself played down the seriousness of Trump's threat to its territory, the returning president's openly stated ambition to expand US borders has jolted European allies less than two weeks before he takes office.

France's foreign minister, Jean-Noel Barrot, said Europe would not let other nations attack its sovereign borders, although he did not believe the US would invade.

German Chancellor Olaf Scholz expressed surprise at Trump's comments about Greenland and Canada, underlining that European partners unanimously uphold the inviolability of borders as a cornerstone of international law.

STRAINED RELATIONS

Greenland's relations with Denmark have lately been strained by allegations of colonial-era mistreatment of Greenlanders. Egede has said the island is not for sale, while in his New Year speech he stepped up his push for independence. Denmark says the territory's fate can be decided only by Greenlanders.

Danish Prime Minister Mette Frederiksen said on Tuesday she could not imagine Trump's ambitions would lead to US military intervention in Greenland. Denmark's military capabilities there are limited to four inspection vessels, a Challenger surveillance plane and dog sled patrols.

Responding to Trump's threat of tariffs against Denmark, which according to analysts at Danske Bank could potentially be "quite harmful to Danish companies, Frederiksen said she did not think a trade war with the United States was a good way forward.

Denmark is home to Novo Nordisk, Europe's most valuable company, which makes weight-loss drug Wegovy that has become hugely popular in the United States, the Nordic country's biggest trading partner.

The Danish royal palace gave no details ahead of King Frederik's meeting in Copenhagen on Wednesday with Greenland's Prime Minister Egede.

While many Greenlanders dream of independence from Denmark, the king remains popular on the island, having spent extended periods there, including a four-month expedition on the ice sheet. Last month, the royal court modified its coat of arms, enlarging a polar bear that symbolizes Greenland.

"I'm sure the king is really the person best placed in Denmark to deal with this issue right now because he has a long history with Greenland," Damien Degeorges, a Reykjavik-based consultant specializing in Greenland, told Reuters.

"He's popular in Greenland. So he can clearly be helpful to the Danish-Greenlandic relationship."

Trump already raised the issue of the US taking over Greenland during his first presidency, but his latest remarks still left many Danes baffled.

"I find it extremely ridiculous," said Jeppe Finne Sorenson, a data engineer in the Danish capital. "We have an alliance, we're allies. So this doesn't really respect that."



US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
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US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran.

The move came after Iran said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involves ending hostilities on all fronts including Lebanon, the exit of US forces ‌from areas close ‌to Iran, and reparations for destruction caused by ‌the ⁠conflict.

The Treasury Department ⁠imposed sanctions on the Iran-based Amin Exchange, also known as Ebrahimi and Associates Partnership Company, which it said has a widespread network of front companies spanning multiple jurisdictions, including in Türkiye and Hong Kong.

The US also blocked 19 vessels it said were involved in shipping Iranian petroleum and petrochemicals to foreign customers.

The Treasury ⁠Department said Iranian exchange houses facilitate billions of dollars ‌in foreign currency transactions a year, ‌enabling the government to evade sanctions and access the international financial system. It ‌said the front companies oversee hundreds of millions of dollars ‌in transactions on behalf of Iranian banks.

"Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes," Treasury Secretary Scott Bessent said in a release. "As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic ‌Fury, financial institutions must be alert to how the regime manipulates the international financial system to ⁠wreak havoc."

The sanctions block US assets of those designated and prevent Americans from doing business with them.

The US also designated vessels for transporting Iranian-origin oil, petroleum products and petrochemicals including the Barbados flagged liquefied petroleum gas tanker Great Sail, the Palau-flagged products tanker Ocean Wave, and the Panama-flagged chemical/oil tanker Swift Falcon.


Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
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Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)

Israel's far-right finance minister Bezalel Smotrich said Tuesday that the International Criminal Court prosecutor has requested an arrest warrant against him, accusing the Palestinian Authority of pushing for the move.

Smotrich said he would retaliate by ordering the evacuation of the Palestinian Bedouin community of Khan al-Ahmar in the occupied West Bank.

"Last night I was informed that the criminal prosecutor of the antisemitic court in The Hague has filed a request for an international arrest warrant against me," Smotrich told a news conference broadcast on his X account Monday.

"As a sovereign and independent state, we do not accept hypocritical dictates from biased bodies that time and again take a stand against the State of Israel," he added, without disclosing the charges for which the warrant has been requested.

The ICC prosecutor's office said it was "unable to comment on media speculation or questions related to any alleged application for a warrant of arrest".

In November 2024, the ICC issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, to face accusations of war crimes and crimes against humanity over Israel's actions during its war against Hamas in Gaza.

- 'Declaration of war' -

"Immediately upon the conclusion of my remarks here, we will sign an order to evacuate Khan al-Ahmar," Smotrich said, calling the warrant request "a declaration of war".

More than 750 people live in the community of Khan al-Ahmar, around 10 kilometers east of Jerusalem's Old City in the central West Bank and surrounded by Israeli settlements.

The Palestinian Authority's Settlement and Wall Resistance Commission urged the international community to stop the move.

"Targeting Khan al-Ahmar is part of a long-term strategic settlement project... through which Israel seeks to create complete settlement contiguity that would separate the northern West Bank from its south," the commission's minister, Muayad Shaaban, was quoted as saying.

Peace Now, an Israeli settlement watchdog, also denounced the move.

"The Minister of Expulsion and Annexation seeks to take revenge on The Hague and the international community at the expense of one of the most vulnerable communities," it said.

Khan al-Ahmar sits near land Israel plans to use for its controversial E1 development project that would facilitate settlement expansion in the area near Jerusalem.

Smotrich, who lives in a settlement himself, is a staunch proponent of Israel annexing the West Bank.

"Under this government, we see that for the first time they've approved the very sensitive and significant plan of E1, and they're going ahead with plans to annex that entire region," Lior Amihai, Peace Now's executive director, told AFP.

"In order for them to annex the entire region, they need to also expel the Palestinian communities from there and Khan al-Ahmar is one of them," he added.


EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
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EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)

The European Union criticized Tuesday the latest US waiver of sanctions on Russian oil, announced while G7 finance ministers were meeting to reach a common response to multiple economic challenges.

Washington's move aims to help lower energy prices that have skyrocketed since the US and Israel launched attacks on Iran in February, effectively shutting the Strait of Hormuz to Gulf oil tanker traffic.

But EU economics commissioner Valdis Dombrovskis denounced the extensions, which have given Moscow a financial boost as it pursues its war against Ukraine.

"From the EU point of view, we do not think that this is a time to ease pressure on Russia," Dombrovskis told journalists while arriving for a second day of G7 talks in Paris.

"In fact, Russia is the one which is gaining from the war in Iran and the increase in fossil fuel prices," he said. "If anything, we would need to strengthen the pressure."

US Treasury Secretary Scott Bessent is in Paris for the Group of Seven talks hosted by France, which currently chairs the group's rotating presidency.

"Secretary Bessent was reassuring us that this is a temporary measure, but we know that it's already a second extension of the measure which initially was meant to last only 30 days," Dombrovskis said.

French Finance Minister Roland Lescure said a joint statement would nonetheless be made following talks that are to wind up Tuesday.

"We've had extremely frank discussions between people who do not necessarily agree on everything, but who are able to talk about everything," he told journalists.

The talks aim to keep dialogue open as trade feuds spurred by US President Donald Trump's tariff blitz compound geopolitical tensions.