KYIV—Russian missiles, artillery, and drones hammered targets in eastern and southern Ukraine, the Ukrainian General Staff said, as global economic powers pledged to beef up Kyiv’s military capabilities with a focus on air defense. The Group of Seven (G-7) promised to “meet Ukraine’s urgent requirements” after President Volodymyr Zelenskyy appealed for modern tanks, artillery, and…
Australia Uses its New Magnitsky-Style Laws to Sanction Iran and Russia
December 12, 2022
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Australia is using its new Magnitsky laws to implement sanctions on 13 individuals and two entities from Iran, including members of Iran’s Morality Police and the Basij Resistance Force and six Iranian individuals who have been intrinsically involved in the crackdown on protests following the death of 22-year-old Mahsa ‘Jina’ Amini. Announcing the sanctions on…
Jamie Dimon Says America Needs a ‘Marshall Plan for Energy’ With More Fossil Fuel Production
December 12, 2022
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Business & Marketseconomic policieseconomyenergyenergy infrastructureEuropeinflationJamie DimonMarketsNational SecurityNatural gasPolicies & ImpactsrecessionRussia-Ukraine WarUSWorld
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Jamie Dimon, the CEO of JPMorgan Chase, says America needs a ‘Marshall Plan for energy’ to significantly boost domestic energy production, as oil and natural gas costs rise. Dimon repeated his call to build up American energy infrastructure while speaking at a panel on CBS’s Face the Nation, on Dec. 11. The Marshall Plan, named…
NATO Chief Issues Warning of Potential for ‘Major War’ With Russia
December 12, 2022
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NATO Secretary-General Jens Stoltenberg has warned of a “real possibility” that the conflict between Russia and Ukraine, now in its 10th month, could draw the 30-member alliance into a “major war.” “I fear that the war in Ukraine will get out of control and spread into a major war between NATO and Russia,” Stoltenberg told…
Zelenskyy Praises US for ‘Unprecedented’ Support After Pentagon Authorizes Additional $275 Million in Aid
December 12, 2022
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As Ukraine’s battle against Russia stretches into the harsh winter months, Ukrainian President Volodymyr Zelenskyy thanked President Joe Biden for “unprecedented” support from the United States, including an additional $275 million in security assistance announced by the Pentagon on Dec. 9. During a phone call between the leaders on Dec. 11, Zelenskyy also praised the…
Russia Uses Drones to Disrupt Power in Ukraine’s Odesa
December 11, 2022
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The Ukrainian port of Odesa was hit by Russian drone attacks that damaged all non-critical infrastructure in the region, leaving 1.5 million people without any power. According to Ukraine’s prosecutor general’s office, two power facilities in Odesa were targeted by Russia using the Iran-made Shahed-136 drones. In the southern regions of Odesa and Mykolaiv, Russia…
Scholz: Risk of Russia Using Nuclear Weapons Has Diminished, for Now
BERLIN—The risk of Russian President Vladimir President Putin using nuclear weapons as part of his war in Ukraine has decreased in response to international pressure, German Chancellor Olaf Scholz said. The war was continuing with “undiminished brutality” though, for now, one thing had changed, Scholz told Funke media in an interview published on Thursday to…
NBC Makes Big Correction in Report on US-Russia Prisoner Swap
NBC News has updated a story that initially claimed President Joe Biden’s administration had a choice between freeing basketball player Brittney Griner and Marine veteran Paul Whelan in the prisoner exchange for Russian arms dealer Viktor Bout. Citing a person described as a “senior U.S. official,” NBC initially reported that the U.S. government wanted both…
NBC Makes Big Correction to Report on US–Russia Prisoner Swap
NBC News has updated a story that initially claimed President Joe Biden’s administration had a choice between freeing basketball player Brittney Griner and Marine veteran Paul Whelan in the prisoner exchange for Russian arms dealer Viktor Bout. Citing a person described as a “senior U.S. official,” NBC initially reported that the U.S. government wanted both…
US Announces $275 Million Package of Security Assistance for Ukraine
The United States has authorized a new $275 million aid package for Ukraine to address “critical security and defense needs,” according to the Department of Defense (DOD). This is the Biden administration’s 27th presidential drawdown of equipment from DOD stocks for Ukraine since August 2021 and comes a little more than two weeks since the…
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