Russia
‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this […]
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Blinken says China is a serious long-term challenge but the U.S. does not want a new Cold War
WASHINGTON — Secretary of State Antony Blinken on Thursday described China as the “most serious long-term challenge to the international order,” even as the world grapples with Russia’s war in Ukraine. “China is the only country with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military and technological power to […]
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Russia claims it will allow foreign ships to leave Ukraine ports; intense assault in the Donbas continues
Russia’s elite airborne force ‘mismanaged,’ UK says, leading to tactical failures The Russian Airborne Forces (the VDV) have been heavily involved in several notable tactical failures since the start of Russia’s invasion, according to the latest military intelligence from the U.K.’s Ministry of Defence. Giving three examples of such failures, the ministry said these included: […]
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George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve
Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022. Maxim Shemetov | Reuters DAVOS, Switzerland — Russian President Vladimir Putin’s bargaining position is “not as strong as he pretends” and Europe has leverage against him, according to billionaire investor […]
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Saudi finance minister warns of growing global food crisis caused by Ukraine war
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
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‘Make Russia pay for it’: Ukraine’s Kuleba on the massive cost of post-war reconstruction
The cost of Ukraine’s reconstruction after the country’s devastation by Russian forces will be colossal. Ukrainian officials have estimated it at a potential $600 billion, with some saying that is a modest figure and set to increase as the war drags on. International financial institutions have stressed the need for something like a Marshall Plan […]
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We have to accept in the West that we are going to be a bit poorer, Dutch leader says
Dutch Prime Minister Mark Rutte told CNBC that there is a “limit to what a government can do” to help people amid surging inflation. Pictured here, on February 23 2022, are containers being transported in the port of Rotterdam, in the Netherlands. Picture Alliance | Picture Alliance | Getty Images Dutch Prime Minister Mark Rutte […]
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‘Kissinger still lives in the 20th century’: Ukraine hits back at suggestion it should cede land to Russia
A Ukrainian MP has given what he called a “polite” reply to former U.S. Secretary of State Henry Kissinger’s suggestion that Ukraine should be prepared to cede some territory to Moscow in order to reach a peace deal. “I think Mr. Kissinger still lives in the 20th century and we are in the 21st century […]
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Russia is now exposed to a historic debt default: Here’s what happens next
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into […]
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Situation in Donbas region ‘very difficult,’ Zelenskyy says; civilization may not survive Putin’s war, Soros warns
Civilization may not survive Putin’s war in Ukraine, George Soros says Liberal billionaire George Soros has said Russia’s invasion of Ukraine could be looked back on as the starting point of World War III. At his annual dinner amid the World Economic Forum on Tuesday evening, Soros said the course of history had changed dramatically since the […]
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