Category: Russia-Ukraine War

The ‘De-Russification’ of Ukraine

July 27, 2022
AustraliaAustralia-UkraineEuropeOpinionRussia-Ukraine WarRussian FederationUkraineViewpointsVolodymyr ZelenskyyWorldWorld Economic Forum
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Commentary With a population of 46 million and a vast territory that is rich in natural resources, Ukraine was the largest and most formidable of the states to secede from the Russian Federation, in 1991. About half the population is Russian-speaking. Curiously, Leonid Ilyich Brezhnev, the Soviet leader from 1964 to 1982, was actually born…

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UK Imposes Further Sanctions in Response to Russian Invasion of Ukraine

July 26, 2022
EuropeRussia-Ukraine WarsanctionsUKUkraineWorld
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Russian ministers, officials, and members of influential families linked to the Kremlin are among those hit with sanctions in the latest wave of action prompted by Vladimir Putin’s invasion of Ukraine. Moscow’s justice minister Konstantin Chuychenko and his deputy Oleg Sviridenko were hit with a travel ban and asset freeze, with the UK accusing them…

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Russian Gas Cut to Europe Hits Economic Hopes, Ukraine Reports Attacks on Coastal Regions

July 26, 2022
Business & MarketscrisiseconomyenergyEuropeGasGold and CommoditiesMarketsRussiaRussia-Ukraine WarUkraineWorld
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KYIV—Russia said it will cut gas supplies to Europe from Wednesday, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain. The first ships from Ukraine may set sail in days under a deal agreed on Friday, the United Nations said, despite…

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Russia to Drop out of International Space Station After 2024

July 26, 2022
EuropeInternationalInternational Space StationRussiaRussia-Ukraine WarScienceScience NewsSpaceWorldYuri Borisov
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MOSCOW—Russia will pull out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country’s new space chief said Tuesday amid high tensions between Moscow and the West over the fighting in Ukraine. Yuri Borisov, appointed this month to lead the state space agency, Roscosmos, said during a meeting…

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Ukraine Says Russia Increased Gas Pipeline Pressure Without Prior Notice

July 26, 2022
Business & Marketscrisiseconomic policieseconomyenergyEuropeGasGazpromGold and CommoditiesMarketspipelinepressureRussiaRussia-Ukraine WarUkraineWorld
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Russian gas giant Gazprom has sharply increased pressure in the pipeline that delivers Russian gas to Europe without prior notice, the Ukrainian state pipeline operator company said on Tuesday. Such pressure spikes could lead to emergencies including pipeline ruptures, and pipeline operators are obliged to inform each other about them in advance, the Ukrainian company…

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Russia’s Gazprom Announces Reduction of Gas Through Nord Stream 1

July 25, 2022
Business & MarketsenergyEUEuropeGasGazpromRussia-Ukraine WarWorld
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Russian energy firm Gazprom said it will have to further reduce gas flow through the Nord Stream 1 pipeline this week due to repairs, coming as European Union officials called on member states to curb gas usage by next year. Gazprom, a state-run entity, resumed gas shipments via Nord Stream 1 on July 21 after…

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UK to Host Eurovision Song Contest on Behalf of Ukraine

July 25, 2022
Boris JohnsonEuropeEurovision Song ContestRussia-Ukraine WarUKVolodymyr ZelenskyyWorld
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The UK will host the Eurovision Song Contest next year on behalf of Ukraine, it has been confirmed. Ukraine won the right to host the contest in 2023 after Ukrainian entry Kalush Orchestra triumphed at this year’s competition held in Italy in May, but the European Broadcasting Union (EBU) decided the event cannot be held…

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Lavrov Offers Reassurance Over Russian Grain Supplies in Cairo Visit

July 25, 2022
AfricaBusiness & Marketseconomic policieseconomyEgyptEuropeGold and CommoditiesgrainMarketsMiddle EastRussiaRussia-Ukraine WarSergei LavrovsuppliesUkraineWorld
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CAIRO—Russia’s Foreign Minister Sergei Lavrov offered reassurances over Russian grain supplies to Egypt during a visit to Cairo on Sunday, amid uncertainty over a deal to resume Ukrainian exports from the Black Sea. Egypt is one of the world’s top wheat importers and last year bought about 80 percent of those imports from Russia and…

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Germany ‘On Cusp of Recession’ as Business Confidence Plummets

July 25, 2022
Business & MarketseconomyenergyEuropeGermanyinflationInternationalInvestmentMarketsrecessionRussia-Ukraine WarWorld
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German business confidence fell sharply in July, with both current and future indicators of sentiment taking a nosedive, according to the ifo Institute, whose president warned that the country now stands “on the cusp of a recession.” The overall index fell to 88.6 points in July, down from 92.2 points in June, the lowest since…

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Wheat Prices Surge After Russian Missiles Strike Odesa Following Grain Deal

July 25, 2022
Business & MarketsEuropeGold and CommoditiesMarketsOdesaRussia-Ukraine WarwheatWorld
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Wheat prices rose on Monday shortly after Russian forces struck the southern Ukrainian port of Odesa. Chicago wheat futures surged as much as 4.6 percent, before dropping to trade 3.1 percent higher at $7.82 1/4 a bushel by 3:21 p.m. in Singapore. Corn futures rose as much as 2.8 percent on Monday before seeing a decline in gains…

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