British Prime Minister Boris Johnson has called on Western leaders to take urgent action to break the Russian blockade and help Ukraine ship its grain exports out of the country. Ukraine, traditionally known as the “breadbasket of Europe,” used to supply 10 percent of the world’s wheat, 12–17 percent of the world’s maize, and half…
West Must Break Russian Blockade to Get Grain out of Ukraine, Boris Johnson Tells G-7
June 27, 2022
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Boris JohnsonBusiness & MarketseconomyEuropeG7InternationalMarketsRussia-Ukraine WarUKVladimir PutinVolodymyr ZelenskyyWorld
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Ukraine Pleads for Air Defence as Russia Turns Sights on Lysychansk
KYIV—Ukrainian President Volodymyr Zelenskyy on Monday urged Western leaders to supply anti-aircraft defense systems to his embattled nation as Russian forces assaulted Lysychansk, the last big city still held by Ukrainian troops in eastern Luhansk Province. As the leaders met, Russian forces were bombarding Lysychansk, the Kremlin’s immediate battlefield target following the fall of neighboring…
Oil Prices Slip Ahead of G7 Talks on New Russian Sanctions
June 27, 2022
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Business & Marketscommoditieseconomic policieseconomyEuropeglobalMarketsOilrecessionRussia-Ukraine WarstocksWorld
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LONDON—Oil prices edged lower on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. The prospect of even tighter supplies loomed over the market as western governments sought ways…
Sri Lanka Sends 2 Ministers to Russia to Eye Oil Amid Crippled Economy
COLOMBO, Sri Lanka—Sri Lanka is sending two ministers to Russia to negotiate for fuel—one of the necessities that the Indian ocean island nation has almost run out of amid its ongoing economic crisis. Power and Energy Minister Kanchana Wijesekera said two ministers are scheduled to leave for Russia on Monday to continue in person talks…
Russia ‘Defaults on Foreign Debt’ for First Time Since 1918 Amid Western Sanctions
Russia on Sunday defaulted on its foreign debt for the first time since 1918 after the grace period on its $100 million payment expired, according to reports. The $100 million interest payment deadline due to be met by the Kremlin had initially been set to May 27 but a 30-day grace period was triggered after investors…
Putin to Make First Foreign Trips Since Launching Ukraine War
LONDON—Vladimir Putin will visit two small former Soviet states in central Asia this week, Russian state television reported on Sunday, in what would be the Russian leader’s first known trip abroad since ordering the invasion of Ukraine. Russia’s Feb. 24 invasion has led to financial sanctions from the West, which Putin says are a reason…
Biden: G-7 Countries Will Ban Russian Gold in Response to Ukraine War
President Joe Biden on Sunday announced that Group of Seven countries will ban Russian gold in response to the ongoing conflict in Ukraine. “The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,” Biden said Sunday. “Together, the G7 will announce that we…
Chinese Diplomat Says China Is ‘Ready’ to Supply Aircraft Parts to Russia
June 26, 2022
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ChinaEuropeEurope-China RelationsInternational RelationsmilitaryRussiaRussia-Ukraine WarsanctionsUS-China relationsWorldXi Jinping
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A Chinese diplomat reportedly said that China is prepared to supply Russia with aircraft parts through “certain channels” that can bypass U.S. and European sanctions. “We are ready to supply components to Russia; we are organizing such cooperation,” Chinese Ambassador to Moscow Zhang Hanhui told Russian news agency TASS. “[Airlines] are currently addressing [it], they have…
Russian Missiles Rock Kyiv as G-7 Leaders Gather in Europe
June 26, 2022
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Business & Marketseconomic policieseconomyEuropeInternationalKyivMarketsRussiaRussia-Ukraine WarUkraineWorld
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KYIV/POKROVSK, Ukraine—Russian missiles hit an apartment block and kindergarten in the Ukrainian capital Kyiv on Sunday as world leaders gathered in Europe to discuss further sanctions against Moscow. Up to four explosions shook central Kyiv in the early hours, in the first such attack on the city in weeks. “The Russians hit Kyiv again. Missiles…
Russian Missiles Strike Kyiv as G-7 Leaders Meet in Europe
June 26, 2022
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Business & Marketseconomic policieseconomyEuropeInternationalKyivMarketsRussiaRussia-Ukraine WarUkraineWorld
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KYIV/POKROVSK, Ukraine—Russian missiles struck an apartment block and close to a kindergarten in the Ukrainian capital Kyiv on Sunday as world leaders gathered in Europe to discuss further sanctions against Moscow. Up to four explosions shook central Kyiv in the early hours, in the first such attack on the city in weeks. “The Russians hit…
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