Rising prices of raw materials, from oil to wheat, in the wake of Russia’s invasion of Ukraine could cost the world economy the equivalent of at least 4% of Gross Domestic Product (GDP), the brokerage said. Trafigure. Oil prices, which Trafigurebased in Geneva, Already expected to hit $150 a barrel before the invasion, they could […]
Tag: Ukraine
WarnerMedia joins stampede of Russian companies over Ukraine invasion
Updated on 03/09/2022 07:02 pm The WarnerMedia conglomerate, which includes the HBO platform and the TCM channel, joined the stampede of companies that have decided to leave Russia to show their rejection of the invasion of Ukraine. According to an internal statement from company CEO Jason Kilar, WarnerMedia has “paused all new business” on Russiawhich […]
Ukraine bans export of wheat, oats and other
Updated on 03/09/2022 06:42 pm Ukraine’s government has banned exports of wheat, oats and other staple foods crucial to global supplies as part of authorities’ efforts to ensure they can feed their people during the Russian invasion. New rules for agricultural exports, introduced this week, also ban the export of millet, buckwheat, sugar, live cattle, […]
IMF approves $1.4 billion emergency aid for Ukraine
This Wednesday, the executive board of the International Monetary Fund (IMF) approved aid for US$ 1,400 million for Ukraine, within the framework of the warlike conflict with Russia. The resource package is given to “mitigate the economic impact” that Ukraine suffers in the midst of the war. Likewise, the IMF details that the approved amount […]
Spain urges the European Commission to be able to buy Argentine corn due to a shortage in Ukraine
Spanish Agriculture Minister Luis Planas said Wednesday that he is urging the European Commission to suspend controls on imports of corn for animal consumption due to shortages in the supply of the cereal after the Russian invasion of Ukraine. Speaking before the Spanish parliament, Planas pointed out that although there are already European Commission projects […]
The US is convinced that Russia will suffer strategic defeat in Ukraine
The Secretary of State of the United States, Antony Blinken, assured that he is convinced that Russia will suffer a strategic defeat in Ukraine, remarking that it has already “failed in its main objectives” almost two weeks after the Russian invasion. “In the end, I am absolutely convinced that (Russian President Vladimir) Putin will fail, […]
Davos Economic Forum cuts ties with Russia
This Wednesday, the organizers of the World Economic Forumwhich takes place annually in Davos (Switzerland), announced the suspension of relations with Russia. In this sense, they will not maintain any link with persons or entities subject to sanctions after the Russian warlike invasion of Ukraine. “Following its condemnation of Russia’s current attack on Ukraine, the […]
Russia Says US Has Plague And Anthrax Biolabs In Ukraine; Washington denies it
Russia’s government has claimed the United States must explain what Moscow claims was a military biological program developed in Ukraine, a charge Washington dismissed as “absurd” disinformation. Russian Foreign Ministry spokeswoman Maria Zakharova said evidence of the alleged program was discovered by Russia during what it calls its military operation in Ukraine, which its forces […]
Military deaths in Russian invasion of Ukraine increase vertiginously and would add up to thousands
After two weeks of Russian offensive in Ukraine, the human and material toll of the most serious military conflict in Europe since World War II is rising sharply: avalanche of deaths, exodus of refugees and large number of equipment destroyed. Thousands of military dead The high number of victims after two weeks of conflict testifies […]
Oil Price Rises to $130 After US Ban on Russian Crude Imports
Oil prices rose on Wednesday on fears of a possible supply crisis following the US ban on imports of Russian crude, and signs that some buyers are already rejecting them. Brent crude futures were up $2.91, or 2.27%, at $130.89 a barrel by 0520 GMT, after rising 3.9% the day before. US West Texas Intermediate […]