MOSCOW—The Kremlin says it will press on with its military operations in Ukraine until its goals are met. Asked how the Kremlin views progress in Ukraine 100 days into the war Friday, President Vladimir Putin’s spokesman Dmitry Peskov said Russian troops have succeeded their main task of protecting civilians in areas on Ukraine’s east controlled…
Russian Pacific Fleet Begins Week-Long Exercises With More Than 40 Vessels: Russian Agencies
Russia’s Pacific Fleet launched a week-long series of exercises with more than 40 ships and up to 20 aircraft taking part, Russian news agencies quoted the defense ministry as saying. The ministry statement said the exercises, taking place from June 3–10, would involve, among other matters, “groups of ships together with naval aviation taking part…
EU Formally Approves Embargo on Russia Oil
June 3, 2022
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Business & Economycommoditiescrisiseconomic policieseconomyembargoEUEuropeMarketsOilRussiaRussia-Ukraine WarUkraineWorld
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BRUSSELS—The European Union on Friday formally approved an embargo on Russian oil and other sanctions targeting major banks and broadcasters over Moscow’s war on Ukraine. EU headquarters says Russian crude oil will be phased out over six months, and other refined petroleum products over eight months. It says that “a temporary exception is foreseen” for…
Russia Controls About One-Fifth of Ukraine: Zelenskyy
Ukraine President Volodymyr Zelenskyy said on Thursday that Russian forces now control roughly one-fifth of his country as fighting rages on for nearly the hundredth day. Zelenskyy told Luxembourg’s legislature that Russian troops have entered “3,620 settlements in Ukraine” of which 1,017 of them have already been liberated and another 2,603 are to be released. “As of today, about…
Oil Slips After OPEC+ Hike, Tight Supply Limits Loss
LONDON—Oil slipped on Friday after OPEC+ decided to increase production targets by slightly more than planned, although tight global supply and rising demand as China eases COVID-19 restrictions limited the decline. The Organization of the Petroleum Exporting Countries and allies, or OPEC+, on Thursday, increased their output boost to 648,000 barrels per day (bpd) in…
Afghanistan Veteran Elliot Ackerman: What Decides Who Wins in Ukraine
June 2, 2022
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ArchivedElliot AckermanEpochTVEuropeInternationalNewsRussia-Ukraine WarThe Wide AngleUkraine-RussiaVladimir PutinWorld
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“When I was in Ukraine, I was speaking to a few Ukrainian intellectuals, historians, and others. One made a very interesting point to me … When Putin says Zelenskyy is a Nazi; in the West, we hear that [as] so ridiculous. He’s Jewish; how can he possibly be a Nazi? But when he’s saying that…
US Engaged in ‘Offensive’ Cyber Operations Against Russia in Ukraine: NSA Director
The head of the U.S. Cyber Command and National Security Agency (NSA) confirmed the United States conducted cyber operations after Russia’s invasion of Ukraine. “We’ve conducted a series of operations across the full spectrum; offensive, defensive, [and] information operations,” NSA Director Paul Nakasone said in a recent interview. That includes “offensive hacking operations” he said, without elaborating on…
Russia’s National Depository to Replace Citi as Eurobond Servicing Agent
June 2, 2022
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Business & EconomyCitiCompaniescrisisdebtDepositoryeconomic policieseconomyEurobondEuropeRussiaRussia-Ukraine WarUkraineWorld
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Russia is replacing Citibank, which has stopping servicing the country’s Eurobonds, with its own National Settlement Depository, the finance ministry said on Thursday, as it risks its first major external debt default in over a century. Sanctions imposed by Western countries and their allies on Russia after it started what it calls a “special military…
US Treasury’s Adeyemo Says Global Phenomena, War Driving Inflation
June 2, 2022
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AdeyemoBusiness & Economyeconomic policieseconomyEuropeinflationRussia-Ukraine WartreasuryUSUS NewsWorld
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WASHINGTON—High inflation is being driven by global phenomena that could not be anticipated, including Russia’s invasion of Ukraine, U.S. Deputy Secretary of the Treasury Wally Adeyemo said on Wednesday, adding that U.S. demand remains strong. “I don’t think anyone saw the invasion—Russia’s invasion of Ukraine—coming, which is driving the high energy prices that we see…
Global Shares Mixed Amid Rate Hike, COVID-19, Oil Price Worries
TOKYO—World shares were mixed Thursday, with European benchmarks opening higher after a broad decline in Asia. Oil prices fell by more than $2 a barrel ahead of a meeting of OPEC set for later in the day. Oil-producing nations are expected to decide on output targets in their first meeting since Europe set sanctions on…
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