WASHINGTON—The United States said on Thursday it was aware of reports that a third U.S. citizen is missing after traveling to Ukraine and it had not yet asked Russia about two Americans reportedly captured after going to the country to fight Russian forces. “As of today, we have not raised this yet with the Russian…
Unilever Switches Some Ingredients to Adapt to Commodities Shortages
June 16, 2022
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Business & MarketscommoditiesCompanieseconomic policieseconomyEuropeingredientsMarketsRussia-Ukraine WarshortagesUnileverWorld
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LONDON— As commodities—from crude oil to sunflower oil—remain in short supply, Britain’s Unilever has changed the ingredient makeup for some of its products like deodorants and packaged food to cut costs and mitigate supply constraints. The ability to switch ingredients and materials, something consumer goods manufacturers traditionally find difficult, became even more valuable after Ukraine’s…
Russian Gas Flows to Europe Fall, Hindering Bid to Refill Stores
LONDON—Russian gas supply to Europe via the Nord Stream 1 pipeline fell further on Thursday and Moscow said more delays in repairs could lead to suspending all flows, putting a brake on Europe’s race to refill its gas inventories. The faltering flows came as the leaders of Germany, Italy, and France visited Ukraine, which is…
EU Leaders Visit Ukraine in Show of Support After Criticism
June 16, 2022
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Business & Marketscrisiseconomic policieseconomyEmanuel MacronEuropeMarketsOlaf ScholzRussiaRussia-Ukraine WarUkrainevisitWorld
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KYIV—The leaders of Germany, France, and Italy—all criticized in the past by Kyiv for support viewed as too cautious—made a joint visit on Thursday to show solidarity with Ukraine. “It’s an important moment. It’s a message of unity we’re sending to the Ukrainians,” French President Emmanuel Macron said after pulling into Kyiv on an overnight…
Oil Prices Fall After US Rate Hike, but Tight Supply Still in Focus
June 16, 2022
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Business & Marketscommoditieseconomic policieseconomyEuropeglobalMarketsOilRussia-Ukraine WarstocksWorld
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LONDON—Oil prices erased early gains to head lower on Thursday, a day after a fall triggered by a U.S. interest rate hike, though tight supply limited losses. Brent crude futures were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 44 cents…
US Giving $1 Billion More in Arms for Ukraine, Including Anti-Ship Missiles
President Joe Biden on Wednesday announced the United States would provide even more aid to Ukraine’s military for advanced rocket systems, artillery, and coastal defenses. Biden said he told Ukrainian President Volodymyr Zelenskyy of the development as the two spoke over the phone, according to a statement released by the White House. “I informed President…
Ukraine Defies Russia’s Sievierodonetsk Ultimatum
KYIV/NIU-YORK, Ukraine—Ukraine ignored a Russian ultimatum to surrender the eastern city of Sievierodonetsk on Wednesday as Washington urged NATO defense ministers weighing more military support for Kyiv not to lose focus, saying the stakes were too high. Sievierodonetsk, now largely in ruins, has for weeks been the main focal point of the war. Russia had…
Russia Bans 49 British Journalists, Defence Officials From Entering
Russia’s Foreign Ministry on Tuesday added 49 British media and defence figures to its retaliatory sanctions list, banning them from entering Russia. The list of 29 media figures contains journalists, editors, and columnists from a wide range of British news media including The Guardian, The Daily Telegraph, Sky News, The Times of London, the BBC, Channel 4, ITV, The…
Russians Control 80 Percent of Key Ukraine City, Cut Escape Routes: Ukrainian Official
June 15, 2022
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Business & MarketsEasterneconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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LVIV, Ukraine—Russian troops control about 80 percent of the fiercely contested eastern city of Sievierodonetsk and have destroyed all three bridges leading out of it but Ukrainians were still trying to evacuate the wounded, a regional official said Tuesday. Serhiy Haidai, governor of the eastern Luhansk region, acknowledged that a mass evacuation of civilians from…
Ukraine Bans Export of Liquid Fuel, Gas, and Coal
June 14, 2022
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Business & Marketscoal importsEuropeeuropean sanctions on russiafuel exportsInternationalMarketsRussia-Ukraine WarRussian Oil TradeUkrainian economyWorld
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The government of Ukraine has banned the export of key fuels, according to a resolution published on the website of the Cabinet of Ministers. The banned items include liquid fuel and natural gas of Ukrainian origin as well as coal, anthracite, briquettes, pellets, and similar solid fuels derived from coal, except coking coal. The ban…
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