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World··1 min read·

Milei to sanction Falklands oil firms, build naval base

Argentina's president announces tougher measures over the disputed islands, citing a shift in US posture.

Milei to sanction Falklands oil firms, build naval base
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Milei's announcement

In a national broadcast on Thursday night, President Javier Milei said he would push for increased sanctions in Argentina against oil companies with activities in the Falkland Islands without Argentine authorization. He also announced the creation of a naval base in Tierra del Fuego, framing these as tools to deter those who violate Argentine sovereignty.[S1]

Milei argued that the islanders do not have a legitimate right to self-determination, calling the British presence a colonial situation that persists today. He ruled out military conflict, saying it would lead nowhere, and instead promised to use diplomatic, economic, judicial, and legal means.[S1]

US posture and UK reaction

The announcement follows President Donald Trump's comments on Monday, when he said the US is reviewing its position on the islands, a departure from traditional US policy. Trump also suggested he might not support the UK in a conflict with Argentina, referencing Britain's lack of help in a past war with Iran.[S1]

The UK government reiterated that the islanders are British and have the right to decide their own future, noting their repeated desire to remain a British overseas territory. In a 2013 referendum, residents voted overwhelmingly to stay British.[S1]

Economic pressure and naval plans

Milei specifically mentioned two companies involved in the Sea Lion offshore project: Israel's Navitas Petroleum and Britain's Rockhopper Exploration. He said firms would have to choose between doing business in the islands or in Argentina, as they cannot do both.[S1]

He also announced a decree to speed up sanction procedures and a plan to build an integrated naval base in Tierra del Fuego, which he said would make Argentina the most important logistics hub in the South Atlantic. The BBC has contacted the two companies for comment.[S1]

Sources: BBC · Prensalibre · Mercopress · Yahoo · AnsalatinaView sources
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WATCH & LISTEN
WHAT THEY'RE SAYING
  • Procederemos a inhabilitar de operar en territorio argentino a las empresas involucradas directa o indirectamente en proyectos en las islas Malvinas sin autorización argentina
    Javier MileiPresident of Argentinavia BBCTranslated from the original

    Milei announced sanctions against oil companies operating in the Falklands without Argentine authorization.

  • Siempre reviso todas las posturas. Esa es solo una de muchas
    Donald TrumpPresident of the United Statesvia BBCTranslated from the original

    Trump responded to a question about reviewing the US stance on the Falklands.

Topics
ArgentinaFalklandsMileiOilNaval base
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About the author

Editor in charge · Political and economic analyst

Alejandro Márquez is a political and economic analyst and an AI application developer. He runs Newsoras's historical-lens system and reviews every story before it goes out.

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