Russia
Russia doesn’t have extra oil for new deals with two Indian buyers: Reuters, citing sources
An illuminated logo sits on display above the Rosneft Oil Co. pavilion on June 5, 2019. Russia’s Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers. Andrey Rudakov | Bloomberg | Getty Images […]
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JPMorgan names its winning and losing global stocks for the rest of the year
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well — or badly — when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that […]
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Microsoft scales down Russia operations due to Ukraine crisis
Microsoft logo displayed on a phone screen and Russian flag displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on March 1, 2022. Jakub Porzycki | Nurphoto | Getty Images Microsoft said on Wednesday it was making substantial cuts to its business in Russia, joining a string […]
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OECD slashes global growth prediction on Ukraine war and China’s zero-Covid policy
The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year. […]
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Coming winter will be ‘the most difficult’ for Ukraine, Zelenskyy says; 1,000 Mariupol fighters reportedly sent to Russia. Follow our live updates
More than 1,000 Mariupol fighters have been sent to Russia, report suggests A screen grab taken from a video released by Russian Defense Ministry shows Ukrainian soldiers being evacuated from the Azovstal steel plant in the port city of Mariupol, Ukraine, on May 17, 2022. Russian Defence Ministry handout | Anadolu Agency | Getty Images […]
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Ukraine wants to join the European Union. But it is not going to be easy
Ukraine has requested to become a member of the EU, but the process is likely to take some time and it is unclear if there is a broad support to accept several new nations in the bloc. Nurphoto | Nurphoto | Getty Images The European Union could be about to throw its support behind Ukraine […]
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Ukraine retakes parts of Severodonetsk amid brutal street fighting; Zelenskyy mourns ‘dead cities’. Follow our live updates
Zelenskyy mourns Ukraine’s ‘dead cities’ Ukrainian President Volodymyr Zelenskyy decried what he called Ukraine’s “dead cities,” once centers of life now almost entirely destroyed by Russian bombardment. He was referring to Severodonetsk and Lysychansk, crucial remaining holdouts in the country’s east that Russian forces have almost entirely captured and that are key in Moscow’s aims […]
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Russia’s failure to achieve major goals in Ukraine is ‘quite embarrassing,’ ex-U.S. official says
A destroyed Russian tank about 25 miles west of Kyiv. Russia failed to achieve its key tactical objectives in the first 100 days of the Ukraine war, according to a former U.S. diplomat. (Photo by Sergei Chuzavkov/SOPA Images/Sopa Images | Lightrocket | Getty Images Russia has failed to achieve its strategic goals in the first […]
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Russia thinks it has found a way around Washington’s dollar bond payment blockade
Russian Finance Minister Anton Siluanov (seen here with Russian President Vladimir Putin in 2019) reportedly told Russian newspaper Vedomosti that Moscow will continue to service external debts in rubles, but foreign Eurobond holders will need to open ruble and hard currency accounts with Russian banks in order to receive payments. Mikhail Svetlov | Getty Images […]
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UK to send long-range missiles to Ukraine despite Putin warning; Zelenskyy visits hard-hit Donbas
Heavy fighting is continuing around Severodonetsk in eastern Ukraine, UK says Smoke and dirt rise in the city of Severodonetsk during fighting between Ukrainian and Russian troops in the eastern Ukrainian region of Donbas on June 2, 2022. Aris Messinis | AFP | Getty Images Heavy fighting is continuing around the contested town of Severodonetsk […]
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