KYIV—Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv early on Sunday, killing the owner of one of the country’s largest grain exporters, while Russia said a Ukrainian drone struck its Black Sea fleet headquarters in Sevastopol. Oleksiy Vadatursky, founder and owner of agriculture company Nibulon, and his wife were killed in their…
Russia Hits Southern Ukraine City, Killing Grain Export Tycoon, Governor Says
July 31, 2022
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Business & MarketseconomyEuropeGold and CommoditiesInternationalMarketsOleksiy VadaturskyRussiaRussia-Ukraine WarUkraineWorld
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On Navy Day, Putin Says US Is Main Threat to Russia
ST PETERSBURG, Russia—President Vladimir Putin on Sunday signed a new naval doctrine which cast the United States as Russia’s main rival and set out Russia’s global maritime ambitions for crucial areas such as the Arctic and in the Black Sea. Speaking on Russia’s Navy Day in the former capital of St Petersburg founded by Tsar…
Russian Official Says Ukraine Carried out Drone Attack on Black Sea Fleet Headquarters
A senior official in Russian-annexed Crimea accused Ukraine on Sunday of carrying out a drone attack ahead of planned celebrations to mark Navy Day, injuring five and forcing the cancellation of festivities. The accusation comes hours before Russian President Vladimir Putin is due to oversee Navy Day celebrations in his hometown of St Petersburg and…
World’s Largest Chemical Company to Produce Less Ammonia, a Key Fertilizer Ingredient
July 31, 2022
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The world’s largest chemical company, Germany’s BASF, is set to further cut its production of ammonia—a key ingredient of fertilizer—amid soaring gas prices. “We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” BASF Chief Executive Martin Brudermueller said in a media call on July 27 after the release of the company’s…
Zelenskyy Announces Mandatory Evacuation of Donetsk Region
KYIV—Ukrainian President Volodymyr Zelenskyy said on Saturday his government was ordering the mandatory evacuation of people in the eastern Donetsk region, scene of fierce fighting with Russia. In a late-night television address, Zelenskyy also said the hundreds of thousands of people still in combat zones in the larger Donbas region, which contains Donetsk as well…
Ukraine Claims Scores of Russians Killed in Kherson Fighting
ODESA/KYIV, Ukraine—The Ukrainian military said on Saturday it had killed scores of Russian soldiers and destroyed two ammunition dumps in fighting in the Kherson region, the focus of Kyiv’s counter-offensive in the south and a key link in Moscow’s supply lines. Rail traffic to Kherson over the Dnipro River had been cut, the military’s southern…
Lloyd’s of London to Insure Grain Shipments out of Ukraine
Insurance market Lloyd’s of London on Friday announced insurance for ships carrying food from Ukraine via freshly-agreed Black Sea corridors, removing a barrier to getting crucial exports underway. British Foreign Secretary Liz Truss said it was “an important step in ensuring grain exports can leave Black Sea ports following the vital U.N. agreement last week.”…
Liz Truss Vows to Be Ukraine’s ‘Greatest Friend’ If She Becomes UK Prime Minister
UK Foreign Secretary Liz Truss has promised to follow Prime Minister Boris Johnson’s footsteps and become Ukraine’s “greatest friend” if she succeeds in her bid to become Conservative Party leader and prime minister. Truss, who is one of the last two contenders in the race to replace Johnson as prime minister, vowed to double down…
Russia’s Lavrov Says Moscow Will Propose Time for Call With Blinken on Prisoners
July 29, 2022
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Antony BlinkenBrittney GrinercrisisEuropeExecutive BranchNBAPaul whelanPoliticsprisonersRussiaRussia-Ukraine WarSergei LavrovSportsSports NewsUkraineUSUS NewsWorld
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TASHKENT—Russian Foreign Minister Sergei Lavrov said on Friday that Moscow would soon propose a time for a call with U.S. Secretary of State Antony Blinken, in which Blinken has said he wants to discuss an exchange of prisoners held in Russian and U.S. jails. Blinken said on Wednesday that Washington had made a “substantial offer”…
Russia Cuts Gas Flows by 80 Percent as Europe Issues Savings Plea
July 29, 2022
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Business & Marketseconomic policiesenergyEuropeMarketsNatural gasNord Stream 1Russia-Ukraine WarRussian sanctionsWorld
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Natural gas prices in Europe stabilized on Thursday after a volatile week in which Russia cut gas flows via the Nord Stream 1 pipeline by 80 percent, causing an energy crisis for the bloc ahead of the cold winter season. Dutch wholesale gas futures, the European benchmark, settled at 198.93 euros per megawatt-hour in Amsterdam on…
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