Russia
Finland, Sweden need to move now on NATO while Putin is preoccupied with Ukraine, former secretary general says
SALZBURG, Austria — Finland and Sweden need to join the North Atlantic Treaty Organization (NATO) now while Russia’s Putin is focused on Ukraine, the alliance’s former chief told CNBC. The two Nordic countries have been considering joining NATO in the wake of Russia’s unprovoked invasion of Ukraine. Becoming NATO members would represent a sharp U-turn […]
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Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains, trucks and […]
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All-out war on Ukraine? Putin could be gearing up for something big on May 9
Russian military vehicles rehearse ahead of Russia’s ‘Victory Day’ military parade marking the 77th anniversary of the victory over Nazi Germany in World War II, at Red Square in Moscow, Russia on May 4, 2022. Anadolu Agency | Anadolu Agency | Getty Images As Russia approaches one of the most significant days in its calendar, […]
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Russia renews assault on Azovstal steel plant ahead of ‘Victory Day’; Ukraine says evacuations to continue. Follow our live updates
Russia continues assault on Mariupol’s Azovstal steel plant, UK says People hold banners and shout slogans during a demonstration in support of Mariupol defenders on May 3, 2022 in Kyiv, Ukraine. Alexey Furman | Getty Images News | Getty Images Russian forces in the besieged coastal city of Mariupol have continued their ground assault on […]
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Fiji seizes $300 million superyacht belonging to Russian oligarch Suleiman Kerimov
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Anadolu Agency | Getty Images Fijian authorities seized a $300 million superyacht […]
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Attacks on Mariupol steelworks intensify as Russia looks to end standoff; fate of Ukraine’s Donbas in the balance
Russian forces renew attacks to seize Ukraine’s last stronghold in Mariupol A destroyed administration building at the Azovstal Iron and Steel Works. Chingis Kondarov | Reuters Russian forces have reportedly renewed their assault on the Azovstal steelworks complex, a last stronghold for Ukrainian fighters in the southern port city of Mariupol, in what is widely […]
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Volkswagen is prolonging its use of coal due to Russian energy ‘threat’
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty Images The CEO of Volkswagen told CNBC Wednesday that the German automotive giant was keeping its options open in terms of how it powers […]
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EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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Russia’s Nazi claims provoke outrage in Israel: Here’s what you need to know
Russian Foreign Minister Sergei Lavrov attends a press conference following talks of representatives of the Arab League states with Russian Foreign Minister in Moscow on April 4, 2022. Alexander Zemlianichenko | AFP | Getty Images A rift between Russia and Israel deepened further on Tuesday, with Moscow claiming that the Israeli government is supporting what […]
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Natural gas surges 9% to highest level since 2008 as Russia’s war roils energy markets
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan’s industry minister said on Friday. Kiyoshi Ota | Bloomberg | […]
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