Russia faces new raft of sanctions; Boris Johnson calls on Russians to ‘find the truth’

Russia faces new raft of sanctions; Boris Johnson calls on Russians to ‘find the truth’


Hungary’s government summons Ukraine ambassador over ‘insults’

Hungary’s Ministry of Foreign Affairs summoned Ukraine’s ambassador for what it said was insults from Kyiv over Hungary’s position on the Russian invasion.

Hungarian Foreign Minister Peter Szijjarto demanded that Ukrainian leaders “stop their insults directed at Hungary and acknowledge the will of the Hungarian people,” referencing President Viktor Orban’s recent landslide reelection after he refrained from criticizing Vladimir Putin directly and expressed opposition to energy sanctions on Russia. Hungary relies heavily on Russian gas for its energy needs.

Ukrainian President Volodymyr Zelenskyy has criticized Hungary’s leadership, calling the country a “Russian branch in Europe” while telling EU leaders to “stop listening to the excuses of Budapest.”

Szijjarto pushed back on the comments, pointing out that Hungary has taken in hundreds of thousands of Ukrainian refugees, acknowledged Ukraine’s sovereignty and condemned the Russian invasion. Orban has not vetoed EU sanctions on Russia thus far.

— Natasha Turak

U.S. to impose fresh sanctions, ban all new investment in Russia

Washington is scheduled to announce on Wednesday new U.S. sanctions that would ban all new investment in Russia, sources familiar with the matter told NBC News.

The measures will also sanction Russian state-owned enterprises and financial bodies, as well as Russian government officials and their family members, the sources said.

The sanctions package is taking place in lockstep with European Union allies and the G-7 nations in response to allegations of war crimes committed by Russian forces in Ukraine.

— Natasha Turak

EU readies new sanctions on Russia, targets coal imports

Russia faces a fresh raft of sanctions from the EU after evidence emerged of alleged atrocities committed against civilians in the Ukrainian town of Bucha.

The EU is set to reveal the new sanctions this week, which will include a ban on coal imports.

“We will impose an import ban on coal from Russia, worth 4 billion euros ($4.39 billion) per year. This will cut another important revenue source for Russia,” European Commission President Ursula von der Leyen announced Tuesday.

The EU imported 19.3% of its coal from Russia in 2020, According to data from the European statistics office.

— Natasha Turak

Russian airstrikes continue, humanitarian crisis worsens in Mariupol

Russian airstrikes are continuing in the besieged eastern Ukrainian city of Mariupol, the U.K.’s defense ministry said Wednesday.

“The humanitarian situation in the city is worsening,” a statement from the ministry posted on Twitter said, adding that the roughly 160,000 residents still trapped in the city have no electricity, heat, water, or ability to communicate with the outside world.

Russian forces have prevented humanitarian access, the ministry said, in what it described as an effort to pressure the city to surrender.

— Natasha Turak

Boris Johnson tells Russians: I cannot believe Putin is acting in your name

Britain’s Prime Minister Boris Johnson addresses the media during a press conference following a NATO summit on Russia’s invasion of Ukraine on March 24, 2022.

Pool | Getty Images News | Getty Images

British Prime Minister Boris Johnson called on Russians to “find the truth” and “share it.”

“Your president stands accused of committing war crimes. But I cannot believe he’s acting in your name,” Johnson said in a video directly addressing the Russian people.

Speaking in both Russian and English, he said: “The atrocities committed by Russian troops in Bucha, Irpin and elsewhere in Ukraine have horrified the world.”

He went on to outline the alleged atrocities of Russian troops: civilians massacred, women raped, bodies burned and “dumped in mass graves, or just left lying in the street.”

Ukrainian officials say that more than 300 civilians were tortured and killed by Russian troops in the town of Bucha outside Kyiv, discoveries made only after Moscow pulled out of those areas.

Graphic media images also revealed corpses of civilians in the streets — some with their hands and legs tied up — while satellite images captured mass graves.

Russia has been waging information warfare alongside its military operations.

The Russian people have been “fed a steady diet of propaganda” by Russian-state media, according to NBC News’ Ken Dilanian. The Kremlin has labeled the unprovoked and unwarranted war in Ukraine a “special military operation.”

“The reports are so shocking, so sickening, it’s no wonder your government is seeking to hide them from you,” Johnson said.

“But don’t just take my word for it,” he added, calling on them to access independent information via VPN connection. “And when you find the truth, share it.”

— Charmaine Jacob, Joanna Tan

Intel suspends all business operations in Russia

Intel said April 5, 2022 that it has suspended all business operations in Russia.

Paco Freire/Sopa Images | Lightrocket | Getty Images

Intel has suspended all business operations in Russia, the U.S. chipmaker announced.

“Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace. Effective immediately, we have suspended all business operations in Russia,” the company said in a statement.

This follows the company’s move a month ago to suspend all shipments to Russia and Belarus.

“We are working to support all of our employees through this difficult situation, including our 1,200 employees in Russia,” it said.

Intel joins a list of growing software companies that have stopped operations or shipments to Russia, including Oracle, SAP, and IBM.

— Chelsea Ong

Read CNBC’s previous live coverage here:





Source

10-year Treasury yield lower as investors mull rates path following strong GDP data
World

10-year Treasury yield lower as investors mull rates path following strong GDP data

U.S. Treasury yields edged slightly lower on Wednesday as investors positioned for a shortened trading day ahead of the holidays. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was 1 basis point lower at 4.159% by 4:15 a.m. E.T. Yields on the 2-year Treasury note were largely unchanged, at 3.528%. The 30-year bond yield, meanwhile, […]

Read More
Oil giant BP to sell 65% stake in  billion Castrol unit
World

Oil giant BP to sell 65% stake in $10 billion Castrol unit

Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]

Read More
European markets poised for lackluster open ahead of shortened trading session
World

European markets poised for lackluster open ahead of shortened trading session

LONDON — European markets are expected to open in flat to negative territory as investors take stock of the volatile year during Christmas Eve’s shortened trading session. The U.K.’s FTSE 100 and Germany’s DAX were last seen edging below the flatline, while France’s CAC was 0.1% lower according to data from IG Group. The pan-European Stoxx […]

Read More