TOKYO/LONDON—President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia’s far east, a move that could force out Shell and Japanese investors. The order, signed on Thursday, creates a new firm to…
Russia Seizes Control of Sakhalin Gas Project, Raises Stakes With West
July 1, 2022
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Business & Marketscommoditiescrisiseconomic policieseconomyEuropeGasMarketsRussiaRussia-Ukraine WarSakhalinUkraineWorld
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Ukraine Says Russian Strikes Kill 19 Near Odesa
SERHIIVKA, Ukraine—Russia rained missiles near Ukraine’s Black Sea port of Odesa on Friday, hitting an apartment building and a resort that killed at least 19 people, Ukrainian officials said. One section of a nine-storey apartment block was completely destroyed by a missile that struck at 1:00 a.m. The walls and windows of a neighboring, 14-storey…
Putin Agrees to Restore Sea Route for Ukraine’s Food Exports: Indonesian President
July 1, 2022
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Asia & PacificAustraliaEuropeIndonesiaInternationalJoko WidodoRussiaRussia-UkraineRussia-Ukraine WarUkraineVladimir PutinWorld
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Russian leader Vladimir Putin has agreed to open a sea route for Ukraine’s food exports, the Indonesian President said on Friday, in a move to sustain the food supply chain amid Moscow’s ongoing invasion of Ukraine. Indonesian President Joko Widodo met with Putin in Moscow just a day after meeting Ukraine’s President Volodymyr Zelenskyy in…
UK Pledges Further £1 Billion in Military Support to Ukraine
The UK has announced a further £1 billion ($1.2 billion) in military aid to Ukraine, a significant increase on the £1.3 billion of military assistance already provided to help the country resist the Russian invasion. The extra support was announced at the NATO summit in Madrid by Prime Minister Boris Johnson, who said the Russian…
Ukrainians Search for 20 Missing After Russia Strikes Mall
June 30, 2022
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airstrikeBusiness & Marketseconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarUkraineWorld
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KREMENCHUK, Ukraine—Russian forces battled Wednesday to surround the Ukrainian military’s last stronghold in a long-contested eastern province as shock reverberated from a Russian airstrike on a shopping mall that killed at least 18 people in the center of the country a day earlier. Moscow’s battle to wrest the entire Donbas region from Ukraine saw Russia…
Ukraine’s New Status as EU ‘Candidate Member’ a Dangerous Game to Play
June 29, 2022
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AustraliaEuropeEuropean UnionEuropean Union MembershipOpinionRussia-Ukraine WarRussian Invasion of UkraineUkraineViewpointsVolodymyr ZelenskyyWorld
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Commentary The European Council has now accepted the application of Ukraine and Moldova to become a “candidate member” countries of the European Union (EU). The President of Ukraine, Volodymyr Zelenskyy, welcoming the award of candidate membership, described it as “a unique and historic moment” in his country’s relationship with the 27 members of the EU…
Boris Johnson Under Pressure to Boost Defence Spending to Counter Russia Threat
British Prime Minister Boris Johnson is under pressure from senior Cabinet ministers and military chiefs to boost defence spending in response to the renewed threat posed by Russia following the invasion of Ukraine. The prime minister, who will call on allies to invest more to modernise European defence at the NATO summit in Madrid, has…
Russian Missiles Rain Down on Ukraine as West Pledges Enduring Support
KYIV—Russian forces struck targets in the Mykolaiv region of southern Ukraine on Wednesday and intensified attacks on fronts across the country as NATO members met in Madrid to plan a course of action against the challenge from Moscow. Ukrainian President Volodymyr Zelenskyy told the NATO leaders his country needed more weapons and money to defend…
Biden Raises US Tariff Rate on Certain Russian Imports to 35 Percent
June 29, 2022
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bidenBusiness & Marketscrisiseconomic policieseconomyEuropeExecutive BranchMarketsPoliticsRussiaRussia-Ukraine WartariffUkraineUSUS NewsWorld
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WASHINGTON—President Joe Biden on Monday raised the tariff rate on certain Russian imports to 35 percent as a result of suspending Russia’s “most favored nation” trading status over its war in Ukraine, according to a proclamation issued by the White House. The higher 35 percent duty applies to imports of “certain other products of the…
Russia Bans Biden Family Members, Officials, and Others in Retaliatory Sanctions
Russia on Tuesday banned U.S. First Lady Jill Biden and her daughter from entering the country in retaliation for the growing number of U.S. sanctions against Russia over its invasion of Ukraine, the country’s foreign ministry announced. In total, 25 U.S. citizens were included in the round of retaliatory Russian sanctions, including academics, U.S. government…
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