Russia
Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown
BRUSSELS — European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia, with Italy asking for a new meeting to debate the matter. Gazprom, Russia’s state-backed energy supplier, has reduced its gas flows to Europe by about 60% over the past few weeks, prompting Germany, Italy, Austria […]
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Ukrainian forces will have to leave key eastern city, Luhansk governor says; retired Russian major captured
Russian pilot captured is a retired major, revealing Moscow’s struggles to staff air force: UK A Russian pilot shot down and captured by Ukrainian forces confessed to being a retired major of his country’s air force, Britain’s Ministry of Defense wrote in its daily intelligence update. The pilot had joined Russia’s military contracting group Wagner […]
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Greeks fear another recession, just four years after the country exited its controversial bailout
Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Nearly four years after Greece celebrated the end of its complicated bailout program, its people are growing increasingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many […]
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Nike to fully exit Russia, will scale down over coming months
A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday. Nike said on March 3 […]
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Russia wants to ‘destroy the whole Donbas step by step,’ Zelenskyy says; Russian forces look to take control of Severodonetsk
Russia wants to ‘destroy the whole Donbas step by step,’ Zelenskyy says Ukrainian President Volodymyr Zelenskyy has said the Donbas region of east Ukraine is continuing to see what he called “massive air and artillery strikes.” “The goal of the occupiers in this direction remains the same — they want to destroy the whole Donbas […]
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To avert Putin’s growing influence, EU urged to pay more attention to the Balkans
Kosovo President Vjosa Osmani-Sadriu tells CNBC that EU enlargement is a question of geopolitical strategy and security. Anadolu Agency | Anadolu Agency | Getty Images BRUSSELS — The European Union needs to pay more attention to the Balkans to prevent Russian President Vladimir Putin increasing his influence there, Kosovo President Vjosa Osmani-Sadriu told CNBC Wednesday. The 27 […]
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Russia’s ruble is at its strongest level in 7 years despite massive sanctions. Here’s why
Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest […]
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Bangladesh is trying to secure wheat from Russia as India stops exports: Reuters, citing sources
A woman makes bundle of wheat in Bangladesh. Bangladesh is trying to secure wheat supplies from Russia in a government-to-government deal after it’s biggest supplier India banned exports of the grain last month to contain local prices, government and trade officials told Reuters on Wednesday. Majority World | Universal Images Group | Getty Images Bangladesh […]
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Biden to call for 3-month suspension of gas and diesel taxes
President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — a move meant to ease financial pressures at the pump that also reveals the political toxicity of high gas prices in an election year. The Democratic president will also call on states to suspend their […]
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Moscow and NATO could be heading for a confrontation over Russia’s European exclave of Kaliningrad
A sign reading ‘Kaliningrad’ stands atop the city’s south railway station. Harry Engels | Getty Images Sport | Getty Images A new front in tensions between Russia and NATO has opened up after one of the Western military alliance’s members, Lithuania, banned the transit of some goods coming from Russia to its exclave Kaliningrad on […]
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