French President Emmanuel Macron denounced the “moral and political cynicism” of his Russian counterpart, Vladimir Putin, for proposing humanitarian corridors to the inhabitants of various cities in Ukraine to “take them to Russia.” “I don’t know many Ukrainians who feel like going to take refuge in Russia. All this is not serious. It is of […]
Tag: Russia
American Express joins Visa and Mastercard in suspending operations in Russia
Updated on 03/07/2022 09:26 am American Express (AMEX) announced that it is suspending its operations in Russia, joining the measure taken by the Visa and Mastercard financial transaction platforms. “In light of Russia’s continued and unwarranted attack on the people of Ukraine, American Express is suspending all operations in Russia.”, assured the company in a […]
EU finalizes more sanctions on Russia and prepares for the energy crisis
The European Union is finalizing a fourth package of sanctions against Russia to prevent Moscow from circumventing the retaliation already approved with loopholes and will present a set of measures on Tuesday to reduce its dependence on gas and oil, the European Commission said on Monday. “Given the evolution of the situation in Ukraine, the […]
Ukraine rejects humanitarian corridors proposed by Russia and prepares for new attacks
Ukraine rejected on Monday the humanitarian corridors to Russia and Belarus proposed by Moscow and is preparing for new offensives in several areas of the country, including Kiev, after a night of violent bombing. The Russian offensive, launched on February 24, has driven more than 1.5 million people out of Ukraine and many more have […]
Russia adopts list of “hostile” countries to be reimbursed in rubles
The Russian authorities established a list of countries “hostile” to the country, to which individuals and companies will be able to repay their debts in rubles, a currency that has lost 45% of its value since January, the government said on Monday. This list of countries, prepared after a presidential decree on Friday that refers […]
Engie warns that it could not replace all Russian gas with other sources
The Engie group, the leading gas supplier in France and one of the largest in Europe, warns that it would not be able to replace all the gas imported from Russia if the flow were to be interrupted and suggests that in that case they would have to put demand limitations. Its CEO, Catherine MacGregor, […]
Ukraine: Mayor of a city near Kiev dies in Russian attacks
Updated on 03/07/2022 06:50 am The Russian army killed the mayor of Gostomel, a city northwest of the Ukrainian capital where a strategic airport is located, the municipality of this town reported on Monday. “The mayor of the city of Gostomel, Yuri Illich Prylypko, died while distributing bread and medicine to the sick,” the municipality […]
China, limited lifeline for Russia after sanctions for invasion of Ukraine
Russia has China to mitigate the effect of international sanctions for its invasion of UkraineBut Beijing is not willing to do anything in the name of friendship, analysts warn. Western countries have enacted sanctions against Moscow to cripple its banking sector and currency. Several banks have been excluded from the Swift interbank platform, an essential […]
UK to inject $100 million into Ukraine’s economy
The Government of the United Kingdom announced that it will inject US$100 million into the Ukrainian economy to mitigate the financial pressures caused by the invasion of the Russian Army. The funds may be used to defray salaries in the public sector, allow critical state functions to continue to operate, as well as to meet […]
American Express suspends its operations in Russia and Belarus
More sanctions for Russia. The US credit card firm American Express announced this Sunday that it will suspend its operations in Russia and its ally Belarus. The decision comes as a response to the “unjustified” invasion of Ukraine by Vladimir Putin’s regime. “In light of the unjustified attack underway on Russia against the people of […]