KYIV—Ukraine signaled on Friday its troops were withdrawing from the city of Sievierodonetsk, scene of weeks of heavy fighting, a move that would be a significant setback in its struggle to defeat Russian forces. Provincial governor Serhiy Gaidai said troops in the city had already received the order to move to new positions, but he…
Ukrainians Set to Quit Embattled Sievierodonetsk as Russians Inch Forward
European Union Formally Grants Ukraine Candidate Status
European Union leaders on Thursday agreed to accept Ukraine as a candidate to join the European Union, although it’s not clear whether the eastern European country will become one. Charles Michel, president of the European Council, confirmed on Thursday afternoon that leaders approved EU candidate status for not only Ukraine but also its neighbor, Moldova….
European Union Formally Grants Candidate Status to Ukraine
European Union leaders agreed on June 23 to accept Ukraine as a candidate to join the European Union, although it’s not clear whether the eastern European country will become one. Charles Michel, president of the European Council, confirmed that leaders had approved EU candidate status for not only Ukraine but also its neighbor, Moldova. The…
A Dozen EU Countries Affected by Russian Gas Cuts, EU Climate Chief Says
June 23, 2022
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BRUSSELS—A dozen European Union countries have now been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said on Thursday, as the bloc faces a deepening energy standoff with Moscow. Russia slashed flows through its Nord Stream 1 pipeline to 40 percent of capacity last week citing problems with equipment,…
Russia Sent Dollar-Eurobond Coupon Payouts to NSD in Rubles: Finance Ministry
June 23, 2022
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MOSCOW—The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion rubles ($234.5 million) in coupon payments to the National Settlement Depository (NSD). The ministry said the payments were on Eurobonds maturing in 2027 and 2047. “Thus, obligations on servicing the state…
Fed’s Powell Contradicts Biden’s Claim That Ukraine War Is Biggest Inflation Driver
June 23, 2022
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Federal Reserve Chairman Jerome Powell on Wednesday admitted that inflation levels were already high before Russia’s invasion of Ukraine, contradicting the Biden administration’s insistence that skyrocketing price increases are largely due to Moscow’s “special military operation” in the eastern European country. Powell made the admission during a Senate Banking Committee hearing after Sen. Bill Hagerty (R-Tenn.) questioned…
Germany Triggers Gas Alarm Stage, Accuses Russia of ‘Economic Attack’
June 23, 2022
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BERLIN—Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe’s largest economy. The measure is the latest escalation in a standoff between Europe and Moscow since the Russian invasion of Ukraine…
Putin ‘Weaponising Hunger’ With Ukrainian Grain Blockade Says British Foreign Secretary
British Foreign Secretary Liz Truss has accused Russia of “weaponising hunger” and using food security as a “callous tool of war” with its blockade of Ukrainian grain. Speaking at a press conference alongside Turkish foreign minister Mevlut Cavusoglu in Ankara, Truss warned the crisis is “urgent” and must be solved in the next month to…
Opinion: Ukraine President Takes a Tougher Stance on China
Commentary Ukraine President Volodymyr Zelenskyy recently called on the international community to support Taiwan and “resist China’s aggression.” Around the same time, the Chinese Communist Party’s global threat was highlighted at a U.S. rally commemorating the 33rd anniversary of the Tiananmen Square massacre. Zelenskyy spoke at the Shangri-La security forum on June 11, warning the…
Rebuilding UK Weapons Stockpile to Pre-Ukraine War Level Could Take Years: Military Chief
It could take years for the UK to rebuild its weapons stockpile to the level before the Ukraine war, the head of the British armed forces has said. Britain, which has become one of Ukraine’s most important allies in the country’s resistance against the Russian invasion, was the first European country to send lethal aid…
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