Finance officials from the United States, the European Union (EU) and France, among others, walked out of a hybrid G20 meeting in Washington on Wednesday, protesting Russia’s presence and invasion of Ukraine, US sources said. Community and French. US Treasury Secretary Janet Yellen; the French Minister of Finance, Bruno Le Maire, and the European Commissioner […]
Tag: Russia
Europe plans to pay for most of Ukraine’s reconstruction
The European Union plans to set up a solidarity trust fund to finance the reconstruction of war-torn Ukraine as member states have been told they should pay most of the costs. The European Commission told diplomats it is working on an EU instrument focused on the country’s long-term needs rather than a multilateral tool, as […]
In what situations would Putin use nuclear weapons?
By Andreas Kluth We must assume that a man like Vladimir Putin is capable of anything, including using nuclear weapons. The Russian president has made it very clear that human life is worth nothing to him unless it is his own. And there are scenarios where he might fiendishly calculate that dropping one or more […]
Russia’s Military Capability Declines in Ukraine as Deaths Rise, US Official Says
The power of Russian combat in Ukraine has dropped below 90% from pre-invasion levels for the first time since the attacks began, a senior US Defense official said. United Statessuggesting heavy weapon losses and increased casualties. United States estimates that Russia gathered more than 150,000 soldiers around Ukraine before the February 24 invasion, along with […]
Russia approves harsh sentences to punish “false information” about its actions abroad
Lima, 03/22/2022 11:27 am Russian deputies approved a law on Tuesday that provides harsh sanctions to punish “false information” about Russia’s actions abroad, as part of measures taken to control information about the offensive in Ukraine. The law is meant to supplement the one that was adopted in early March, which provides for up to […]
Swiss banks again in the crosshairs after Zelensky speech
Updated on 03/22/2022 04:57 am Switzerland’s role as a place for Russian millionaires to keep their money is coming under increased scrutiny after Ukrainian President Volodymyr Zelensky criticized the nation in a speech over the weekend. On Monday, private bank Julius Baer Group Ltd. said it has lent money to a small number of people […]
Goldman and Barclays forecast double-digit contraction for Russia
Economists at Barclays Plc and Goldman Sachs Group Inc. lowered their forecasts for Russia and now see a double-digit contraction in output this year, the latest in a series of revisions incorporating the increased severity of Ukraine invasion sanctions. . Barclays published one of its most dovish outlooks yet, reversing its previous growth estimates and […]
UN chief off camera over Russo-Ukrainian war
In March 2020, the head of the UN, Antonio Guterres, had been forceful and very present at the start of the COVID-19 pandemic. Two years later, he seems out of the picture and unarmed in the face of the war unleashed after the Russian invasion of Ukraine. “He is very upset”confirmed to AFP a senior […]
Investors remain alert to risk of Russian default
The Russia’s creditors They are keeping an eye on a bond payment due Monday as doubts remain over whether the government will continue to meet its debt obligations in the face of tough sanctions imposed following Vladimir Putin’s invasion of Ukraine. It is one of many payments looming on Russia’s tight schedule on debt issued […]
Don’t expect China to make peace in Ukraine
By Minxin Pei Any hope that US President Joe Biden can persuade his Chinese counterpart Xi Jinping to help stop the war in Ukraine should probably be shelved. China wants to see an early end to the conflict. But he will not use his influence to achieve it. Biden and Xi apparently talked about different […]