Updated on 03/10/2022 12:25 pm World hunger was already on the rise due to the pandemic and the situation was aggravated by the war in Ukraine, a region that produces grains, fertilizers and energy, warned the United Nations (UN). “We weren’t well even before the pandemic, hunger was on the rise and then the pandemic […]
Tag: war in ukraine
War in Ukraine: Venezuela’s oil can meet US demand, says union
The war in Ukraine unleashed the crisis in the oil priceafter the sanctions imposed on Russia from United Stateswhich led to a rapprochement between the Joe Biden administration and Venezuelaand could represent an unexpected turn for Caracas, despite the support of Nicholas Maduro to Vladimir Putin. “The level of reaction of the United States approaching […]
Oil prices fall, but there is still anxiety
Oil prices sank in the international market this Wednesday, after four consecutive sessions of gains due to the war in ukraine. The inapplicability of an embargo on Russian oil in the European Union, the diplomatic opening to resolve the war conflict and a request to increase the production of crude oil from the United Arab […]
Financial aid, crucial for services to continue operating in Ukraine after Russian invasion
Humanitarian and security aid is pouring in as the crisis in Ukraine worsens, but financial support is also vital to keep the government going. “The economy is collapsing”said Adnan Mazarei of the Institute for International Economics, a think tank based in Washington. As long as Kiev cannot collect taxes, “It is absolutely crucial that the […]
Thousands of Russians leave their country in fear and despair
Many of the thousands of Russians who leave their country through Finland to flee the sanctions do so with fear of possible reprisals if they express their opinion in public and the despair of not seeing a future in their own land. The Allegro, the high-speed train that connects Saint Petersburg with Helsinki twice a […]
Oil and commodity prices could cost more than 4% of global GDP, according to Trafigura
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 […]
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 […]
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 […]