The European Union (EU) agreed to new sanctions against Russia which will include blacklisting more politicians, lawmakers and officials, banning EU investors from trading in Russian state bonds and restricting imports and exports with breakaway entities. However, EU foreign ministers have decided not to sanction Russian President Vladimir Putin, EU foreign policy chief Josep Borrell […]
Tag: Ukraine
Oil price could rise $20 if Ukraine crisis worsens, according to BofA
Updated on 02/22/2022 12:58 pm The benchmark Brent oil contract could rise between US$5 and US$20 a barrel depending on the severity of the crisis between Russia and Ukraine, said Bank of America (BofA) Global Research, which on the other hand maintained that prices could fall between $2 and $4 if tensions ease. Oil hit […]
Russian Senate approves Putin’s request for use of Armed Forces abroad
Russian President Vladimir Putin asked the Russian Senate to approve the use of the Russian Armed Forces abroad; right that is destined to “establish peace” in Donbas, according to the president of the Upper House, Valentina Matvienko. “The Federation Council (Senate) has received a request from President Vladimir Putin for the use of the Russian […]
Russian advances in Ukraine are invasion, says White House
The White House on Tuesday began referring to Russian troop deployments in eastern Ukraine as a “invasion”, after initially hesitating to use the term, a red line that President Joe Biden had said would lead to the United States imposing harsh sanctions against Moscow. Several European leaders claimed hours before that Russian troops have moved […]
Gas exporters warn of limited capacity to increase supply
At the end of a summit in Doha, in the context of the Russian-Ukrainian crisis, gas producers indicated that they have a limited capacity to rapidly increase their supply to Europe and they are not clear about prices, warned this Tuesday, February 22, the Gas Exporting Countries Forum (GEPF). Presidents and prime ministers of the […]
Russian company Gazpromtrans stops accepting orders to ship LPG to Ukraine
Updated on 02/22/2022 10:34 am Gazpromtrans, the subsidiary of Russian gas monopoly Gazprom in charge of rail shipments, stopped accepting orders to transport liquefied petroleum gas (LPG) to Ukraine from February 18, according to a note sent to its clients and seen by Reuters. . The note cited rising political tensions between Russia and Ukraine […]
UK imposes sanctions on five Russian banks and a close Putin ally
Updated on 02/22/2022 08:33 am Britain on Tuesday sanctioned five Russian banks and three high net worth individuals, including Gennady Timchenkoafter the president Vladimir Putin order the deployment of troops in two breakaway regions in eastern Ukraine. “This is the first stretch of what we are willing to do”, Prime Minister Boris Johnson told Parliament. […]
Oil price rises to its highest level in eight years by touching US $ 100 due to tensions between Russia and Ukraine
Updated on 02/22/2022 08:00 am The Petroleum hit its highest price since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops to be sent to breakaway regions, raising supply concerns that have pushed prices close to $100. per barrel. The United States and its European allies are close to announcing […]
These are the breakaway regions of Ukraine recognized by Russia
The Russian President, Vladimir Putinrecognized on Monday the independence of the pro-Russian rebel regions in the east of Ukrainea move that will further fuel tensions with the West amid fears of an invasion russian. Putin’s decision comes after days of tension in the industrial heartland of eastern Ukraine, where Ukrainian troops have been locked in […]
Donbas, the bone of contention between Ukraine and Russia
The Russian President, Vladimir Putinannounced the recognition by Russia of the independence of the separatist republics of Donetsk and Lugansk, in the east of Ukrainethe donbas. The separatist republics, whose independence was recognized on Monday by Moscow, have been the bone of contention between Russia and Ukraine since 2014. Russia, which has caused unprecedented tension […]