The International Monetary Fund (IMF) has approved Ukraine’s request for $1.3 billion in emergency funding to help the war-torn country meet its urgent balance of payments needs and preserve financial stability. The IMF’s executive board on Oct. 7 approved the funds under a new “food shock window” of its Rapid Financing Instrument (RFI). The move…
IMF Approves $1.3 Billion in Emergency ‘Food Shock’ Funding for Ukraine
Explosion Destroys Part of Key Bridge Linking Russia to Crimea
Russian authorities said that an explosion involving a truck on Saturday caused a fire and destroyed a section of a bridge linking Russia and Crimea. The bridge is regarded as a key supply route for Russian troops in southern Ukraine. The Crimean Bridge—also called Kerch Strait Bridge or Kerch Bridge—is a structure 19 kilometers (12…
At Least 3 Dead After Massive Explosion at Key Bridge Linking Russia to Crimea
Russian authorities said that a massive explosion involving a truck on Saturday caused a fire and destroyed a section of a bridge linking Russia and Crimea, killing at least three people. The bridge is regarded as a key supply route for Russian troops in southern Ukraine. The Crimean Bridge—also called Kerch Strait Bridge or Kerch…
Explosion Destroys Part of Crimea Bridge, Disrupts Russian Forces’ Supply Route
Russian authorities said that a massive explosion involving a truck on Saturday caused a fire and destroyed a section of a bridge linking Russia and Crimea, killing at least three people. The bridge is regarded as a key supply route for Russian troops in southern Ukraine. The Crimean Bridge—also called Kerch Strait Bridge or Kerch…
Food Prices Inch Down, but Remain Far Above Historical Levels
October 7, 2022
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Business & MarketseconomyEuropefood pricesglobal food indexinflationMarketsRussia-Ukraine WarUkraineUnited NationsWorld
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The United Nations said that global food prices declined for a sixth month in a row in September, after skyrocketing earlier this year, due to the Russian war in Ukraine. Food inflation flared globally, as the war curbed grain supplies from the Black Sea region. Prices improved somewhat over the summer, after a UN-brokered deal…
The US Needs to Change Course Right Now in Ukraine
Commentary We are now more than seven months removed from Vladimir Putin’s regrettable incursion into eastern Ukraine and Crimea. But despite that elapsed time and all the various developments since then, the United States’ formal position on the conflict has changed markedly little. That overly simplified and Manichaean position, in short, is one of Ukrainian…
Sen. Graham Warns Elon Musk After He Calls for De-escalation of Ukraine War
Sen. Lindsey Graham (R-S.C.) targeted Elon Musk over recent Twitter posts and warned that senators could take away Tesla’s tax breaks after Musk urged for de-escalation of the Russia–Ukraine war. “I still very much support Ukraine, but am convinced that massive escalation of the war will cause great harm to Ukraine and possibly the world,”…
Liz Truss Says UK ‘Working With Europe’ but Not Moving Closer
Liz Truss has insisted she is not moving her administration closer to Europe, even as she hailed Emmanuel Macron as a “friend” at a one-day summit in Prague. The prime minister, who has faced a torrid few days at home that included backbench revolts and a fractious party conference, sought to present the UK as…
Britons Hosting Ukrainian Refugees Worry About the Future
Britons hosting Ukrainians who fled to the UK say they are “worried” about the future and where refugees will live after the six-month commitment required by the government’s “Homes for Ukraine” scheme ends—as it is about to for many. Under the official refugee programme, British sponsors, or hosts, had to commit to house Ukrainians for…
Gas Crisis Set to Worsen After Europe Burns Through Winter Stocks
October 6, 2022
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Business & Marketscrisiseconomic policieseconomyenergyEuropeGasGold and CommoditiesinflationMarketsRussiaRussia-Ukraine WarUkraineWorld
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HELSINKI/BRUSSELS—Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International Energy Agency said on Wednesday, as the EU looks for ways to ease the crisis. European countries have filled storage tanks to around 90 percent…
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