the war in Ukraine and the rise in the price of raw materials threaten a World economy still not recovered from the crisis of the COVID-19 and represent a bucket of cold water at the beginning of 2022. A recovery at risk? “The war came at a time when Europe and the United States were […]
Tag: Russia
Europe burns more coal as natural gas declines
European utilities are increasingly relying on coal for power as the region tries to reduce its dependence on Russian natural gas. Even with rising prices for the dirtiest fossil fuel, along with most other commodities, it’s still much cheaper for power plants to burn coal than gas to produce power. Last week, power stations on […]
War advances possibility of oil reactivation in Venezuela
The prospect that the United States could ease sanctions against Venezuela’s state oil company to compensate for Russia’s isolation from global markets has observers wondering how much crude the South American nation can add to a market marred by war in Ukraine. The most optimistic outlook from energy consultancy IPD Latin America sees production almost […]
FAO: Russian invasion threatens global food and fertilizer chain
The invasion of Ukraine by Russia threatens to “seriously aggravate food insecurity” around the world due to the role of both countries as giant food exporters. cereal and fertilizersmaking products more expensive, warned the Food and Agriculture Organization of the UN (FAO). “Disruptions in the supply chain and logistics of Ukrainian and Russian grain and […]
Germany’s Deutsche Bank pulls out of Russia
Updated on 03/11/2022 07:56 pm the first bank German, Deutsche Bankannounced his departure from Russiafollowing in the footsteps of other international financial entities such as Goldman Sachs or JP Morgan Chase. Like other international companies “and in line with our legal and regulatory obligations, we are reducing our remaining activities in accordance with legal and […]
UN has credible reports of use of Russian cluster bombs in Ukraine
Updated on 03/11/2022 06:06 pm The human rights office UN announced that it received “reliable reports” of several cases in which armed forces Russian used cluster bombs in populated areas of Ukraineadding that the indiscriminate use of these could constitute a war crime. The UN agency has dozens of monitors in the country and more […]
EU unveils fourth set of sanctions against Russia
The European Union (EU) will suspend the privileged commercial and economic treatment of Russia, will take measures against its use of crypto assets and will prohibit exports to that country of luxury goods and the import of iron and steel products, announced the head of the Commission European. The new measures mark a fourth set […]
YouTube blocks official Russian media channels around the world
Updated on 03/11/2022 03:35 pm The online video platform YouTube (owned by Google) blocked this Friday the channels of Russian official media that receive funds from the Government, considering that they violate their use policies in relation to not minimizing violent events such as the war in Ukraine. In a statement, YouTube spokesman Farshad Shadloo […]
EU to ban export of luxury goods to Russia
Updated on 03/11/2022 03:04 pm The European Union (EU) will ban the export of luxury goods to Russia, in order to deal a “direct blow to the Russian elites” for the invasion of Ukraine, announced the president of the European Commission (EC), Ursula von der Leyen. “We will ban the export of any kind of […]
Ukrainian farmers come to a standstill as fears of global food shortages surface
The Russian invasion of Ukraine threatens millions of tiny spring shoots that should emerge from dormant winter wheat stalks in the coming weeks. If farmers fail to nurture these crops soon, far fewer tillers will sprout, jeopardizing a domestic wheat crop on which millions of people in the developing world depend. The wheat was sown […]