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A new bloc-wide agency, similar to OFAC in the US, could soon be created, a top official says Lawmakers in the European Union are seeking a new authority to enforce sanctions against Moscow over the conflict in Ukraine, Mairead McGuinness, European Commissioner for Financial Services, told the Financial Times on Sunday.

Despite Taiwan paying billions of dollars to US defense manufacturers, Washington has failed to honor its contractual obligations and still has not delivered $14.2 billion worth of military equipment that the island nation has ordered since 2019, according to a Defense News report published on Thursday.