MOSCOW—Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalized, Kremlin spokesman Dmitry Peskov told reporters on Monday. Commenting on reports that Japan’s Prime Minister Fumio Kishida had proposed a cap at around half the current price, Peskov said that other countries may disagree with that. “This…
Others May Reject Japan Proposal on Oil Price Cap, Kremlin Says
July 4, 2022
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Asia & PacificBusiness & Marketscapcommoditieseconomic policiesEuropeJapanMarketsOilpriceRussiaRussia-Ukraine WarUkraineWorld
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Putin Declares Victory in Embattled Donbass Region of Luhansk
POKROVSK, Ukraine—Russian President Vladimir Putin on Monday declared victory in the eastern Ukrainian region of Luhansk, one day after Ukrainian forces withdrew from their last remaining bulwark of resistance in the province. Russia’s Defense Minister Sergei Shoigu reported to Putin in a televised meeting Monday that Russian forces had taken control of Luhansk, which together…
Ukrainian Missile Strike on Russian City Kills Several People: Kremlin
Russian officials on Sunday claimed Ukraine fired a missile at the Russian Belgorod region, killing several people and injuring more. The governor of Russia’s Belgorod region, Vyacheslav Gladkov, confirmed the casualties to Russian state-backed media, saying that air defenses were also triggered. Some of the air defense systems were able to intercept the alleged Ukrainian…
Ukraine Says 144 of Its Soldiers Released in Biggest Prisoner Swap of War
KYIV—Ukraine on Wednesday carried out its biggest exchange of prisoners of war since Russia invaded, securing the release of 144 of its soldiers, including 95 who defended Mariupol’s steelworkers, Ukraine’s military intelligence agency said. The majority of the Ukrainians were badly wounded, suffering from gunshot and shrapnel wounds, blast traumas, burns, fractured bones, and amputated…
US Sending Ukraine Two Surface-to-Air Missile Systems: Pentagon
WASHINGTON—The United States is sending Ukraine two NASAMS surface-to-air missile systems, four additional counter-artillery radars and up to 150,000 rounds of 155mm artillery ammunition as part of its latest weapons packages for Ukraine, the Pentagon said on Friday. The assistance package, worth about $820 million, was broadly announced by President Joe Biden on Thursday in…
Blasts Rock Ukraine City as Russian Forces Advance on the Ground
KYIV/SERHIIVKA, Ukraine—Explosions rocked the southern Ukrainian city of Mykolaiv on Saturday, the mayor said, at the end of a week in which Russian missiles have slammed into an apartment block and a shopping mall in other cities, killing dozens of people. Air raid sirens sounded in the Mykolaiv region, which borders the vital Black Sea…
2 More Captured Britons Charged With Being Mercenaries: Russian State Media
Two more Britons captured in Ukraine have been charged over alleged “mercenary activities” in the pro-Russia separatist region of Donetsk, according to Russian state media. Dylan Healy, a 22-year-old aid worker, and Andrew Hill, 35, are reportedly facing the same charges that led to the death sentences of Britons Aiden Aslin and Shaun Pinner last month….
Biden Admin to Give $820 Million More in Military Aid to Ukraine
July 2, 2022
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Business & MarketseconomyEuropeExecutive Branchmilitary aidPoliticsRussia-Ukraine WarUkraineUSUS NewsWorld
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The Biden administration announced new security assistance to Ukraine on July 1 in a package worth about $820 million in total. The assistance comprises an authorization of a Presidential Drawdown (PDA) of security assistance valued at up to $50 million, as well as $770 million in Ukraine Security Assistance Initiative (USAI) funds. The PDA is the…
Biden Admin Gives $820 Million More in Military Aid to Ukraine, Including 2 Surface-to-Air Missile Systems
July 2, 2022
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Business & MarketseconomyEuropeExecutive Branchmilitary aidPoliticsRussia-Ukraine WarUkraineUSUS NewsWorld
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The Biden administration announced new security assistance to Ukraine on July 1 in a package worth about $820 million in total. The assistance comprises an authorization of a Presidential Drawdown (PDA) of security assistance valued at up to $50 million, as well as $770 million in Ukraine Security Assistance Initiative (USAI) funds. The PDA is the…
Ukraine War’s Disruption Sends Agriculture Input Prices up Nearly 10 Percent in First Quarter: Eurostat
July 1, 2022
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agricultureBusiness & MarketscommoditiescrisiseconomyEuropeEurostatInputInternationalMarketspricesRussia-Ukraine WarUkraineWorld
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Ukraine’s war has significantly disturbed global agricultural markets by sharply driving up prices of key products and inputs such as fertilizer and animal feed, the European Union’s statistics office said on Friday. Eurostat data showed that the average price of goods and services currently consumed in agriculture increased by 9.5 percent in the first quarter…
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